Bitcoin is progressing . When these top exchanges start listing Bitcoin on their platforms , the smaller one will follow and do the same and that will help to let a lot more people to get to know about Bitcoin.
Even those that knows about it before but were being reluctant to invest in it might get convinced now and would get the urge to try it out. And those that said that bitcoin is a scam will as well start seeing that it’s not what they used to think it is, since being listed by top exchanges proves that it is very legit. This is the kind of good news I want to be seeing, and not just this, I also hope to see more improvements in every angle.
Topic: Canada include the bitcoin. - page 2. (Read 1245 times)
Seems like more countries are getting positive with bitcoin this year, despite of what we are experiencing right now, this news makes me happy.
The government now are slowly accepting bitcoin in their respective countries, maybe they really need this to be competitive with the other pro crypto countries.
The government now are slowly accepting bitcoin in their respective countries, maybe they really need this to be competitive with the other pro crypto countries.
It is a good move came from Canada because many people are now getting curious about this coin and how about the benefits of this coin on the market by this kind of decision you can now make a lot of earnings and profit by the help of bitcoin also it can help you to make faster and secure transactions unlike the fiat also it has a low transaction fee. Some of the country today are now made their own crypto currency atm that supports the bitcoin and it is not impossible to make more implementation because you can now make a huge contribution by this movement. Thumbs up for this project.
Trading these speculative assets is not the same as transacting with actual BTC. People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.
Truth be told, most people who are trading Bitcoin really don't even know anything about Bitcoin apart from the fact that it's a means of payment. So, there is more to learning how Bitcoin works than actually using it. I think it's a good sign that all these are happening and that Bitcoin is getting listed on many stock exchange platforms, notwithstanding.To an extent, maybe. But if you have ever sent a payment using a Bitcoin client, you're still infinitely more educated than all the stock brokers and hedge fund managers placing bets from the sidelines.
It's true to say Bitcoin does have a steep learning curve to start off, so it will take a while for people to learn how to use it correctly. The fact that many "users" (in a very loose sense of the word) still hold 100% of their funds on an exchange or webwallet means we still have a long way to go.
Trading these speculative assets is not the same as transacting with actual BTC. People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.
Truth be told, most people who are trading Bitcoin really don't even know anything about Bitcoin apart from the fact that it's a means of payment. So, there is more to learning how Bitcoin works than actually using it. I think it's a good sign that all these are happening and that Bitcoin is getting listed on many stock exchange platforms, notwithstanding. We can still count this as good news as they recognize bitcoin and starts to trade it. The beginners will learn a lot from this when they already trade or hold bitcoin. The use of it will comes next if ever they understood the basics and importance of owning, transacting and why many people choose to hold it for long term purposes. Still a positive news rather than hearing negative news about people bashing bitcoin and saying that it's old, outdated and useless.
Yeah, it might mean nothing for now but the fact they did included btc on their platform means a lot. A lot, as it would lead into many factors we can't see for now. You know, some stuff needs to have a catalyst, and adoption doesn't necessarily have to be so sudden. Bigger developments isn't all about what's noticeable for now. Hence, still great news for me.
Wait. This was done just today? 
The price was over $7200 last night before april 10th as this was the release date on to their stock exchange.
Now it is dropping and below $6900 last time I checked before doing a transaction just today.
It is not necessarily related to this tho. Even in the halving while many people are waiting for the price to rise it just stuck or drop before rising after. Bitcoin price movement is more complicated than it appears The price was over $7200 last night before april 10th as this was the release date on to their stock exchange.
Now it is dropping and below $6900 last time I checked before doing a transaction just today.
But it's complicated enough that speculators shouldn't naturally assume that ETFs will guarantee positive movements. It must be a widely held belief, since people seem to say it in every topic about ETFs. Hopefully this serves as a wake up call for those people.
Institutional investors != instant moon
Such a rare good news those days
Wait. This was done just today?
The price was over $7200 last night before april 10th as this was the release date on to their stock exchange.
Now it is dropping and below $6900 last time I checked before doing a transaction just today.
It is not necessarily related to this tho. Even in the halving while many people are waiting for the price to rise it just stuck or drop before rising after. Bitcoin price movement is more complicated than it appears The price was over $7200 last night before april 10th as this was the release date on to their stock exchange.
Now it is dropping and below $6900 last time I checked before doing a transaction just today.
Fantastic move by the Canadian government to accept the use of Bitcoin in their stock exchange. This is a drive towards adoption and when this happen there with be a grass root adoption. Basically, the year will have a good thing to offer in regard to Bitcoin adoption, hope to see more of these adoption soon with other countries. Hope to see stock traders moving towards Bitcoin to make their gains as the stock market went down.
Wait. This was done just today?
The price was over $7200 last night before april 10th as this was the release date on to their stock exchange.
Now it is dropping and below $6900 last time I checked before doing a transaction just today.
The price was over $7200 last night before april 10th as this was the release date on to their stock exchange.
Now it is dropping and below $6900 last time I checked before doing a transaction just today.
The Winklevoss have been supporters of Bitcoin for a long time, and they've done a lot to promote it. This is a good win for them after all those ETF proposal rejections. I have mixed feelings about it, though. So Bitcoin is now on a Stock exchange, but stock traders are a special kind of people, and I am sure they won't care much about Bitcoin, just whether it's going to rise or fall. And Bitcoin really is not stock... At the same time, Bitcoin seems quite alright whereas stock is down significantly with no prospects of growth in the near future, right? So if this starts working immediately, it could push stock traders to sell what they have and buy BTC instead which could give a boost of price.
Forgive my cynicism, but I don't count this as "adoption". Trading these speculative assets is not the same as transacting with actual BTC. People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.
I guess you have a point. Well they did add bitcoin on their official stocks exchange, but the fact that the addition of bitcoin doesnt mean they are learning something about it hence it more goal is to expand the trading above the stocks they are currently doing so. I am not negative about this news, but somehow this can wider the visibility of bitcoin as it will be known on their country. Just do hope those can appreciate it are those outside the trading circle and instead focusing on trading it going to use it like we all want. Natural adoption for bitcoin.
Well you guys sounds so negative with it, let us just be glad that bitcoin is slowly climbing, I hope other country will come up to this too. 
For me, this is good news too because it is a stepping stone and introduction to the world of bitcoin because came from the people who are knowledgeable about the bitcoin and become rich they are now using the bitcoin as widely transaction and also it has low transaction fee, and it is easier to unlike the fiat currency ( this is just my perspective only ) also we are heading towards to the world of bitcoin, and we can now make a lot of earnings while the halving is coming, so it is better to be wisely collect bitcoin as much as possible to get more income but still always make aware because the price is still volatile.
Fantastic news for Bitcoin and the whole community. One small step towards mass adoption + upcoming halving = Bitcoin turning bullish soon!
it is "mass adoption" if people adopted bitcoin itself and started using that to pay for stuff on their daily lives. but when they are only focusing on trading bitcoin like this case where it is listed on a stock exchange (where people would only buy and sell it not use bitcoin) we can't really get that excited about it. that would just bring more speculators around and could even increase the volatility.
I mean it increases the buy demand and can be used as hedges against their local currency which can get others into buying it. Gold ETFs sent the price up a lot, this got more people into buying gold and that also was the case for buying physical. I don't see any negatives with this, these people aren't the ones who would buy their own coins and hold them anyways.
We can still count this as good news as they recognize bitcoin and starts to trade it. The beginners will learn a lot from this when they already trade or hold bitcoin. The use of it will comes next if ever they understood the basics and importance of owning, transacting and why many people choose to hold it for long term purposes. Still a positive news rather than hearing negative news about people bashing bitcoin and saying that it's old, outdated and useless.
i skimmed the prospectus but i can't find this basic info: what is the underlying BTC value of a share? it's really obnoxious how hard 3iq makes it to find basic information about the underlying. everything in the prospectus is priced in USD, and the total fund value in the prospectus is obviously out of date.
based on the last traded price vs spot, it looks like ~ 0.0015 BTC, but if it trades anything like GBTC then that doesn't properly account for the premium.
1.95% annual management fee, charged monthly. super expensive, just like GBTC. i suggest holding spot BTC instead.....
based on the last traded price vs spot, it looks like ~ 0.0015 BTC, but if it trades anything like GBTC then that doesn't properly account for the premium.
1.95% annual management fee, charged monthly. super expensive, just like GBTC. i suggest holding spot BTC instead.....
Good news for traders. More people would induce changes in price and would probably boost it up quite well. Still though, I doubt it would induce that much of a change since most traders have probably know how to trade BTC anyway, and this is just adding a new platform for it. Plus, just like what @pooya87 said, this doesn't really introduce any of the advantages that BTC itself has. It still views BTC as an investment, not an asset. I just hope that even with that though, more people would recognize what BTC is. Even if they do view at as an investment at first, as long as their views are widened while being exposed to it, Alls well that ends well I guess.
And what's the difference between investment and asset?People are investing in assets.
Most of the people,who are investing into Bitcoin have expectations about future profits.Buying an asset is buying the opportunity of future profits.Do you think that any investor will buy BTC,just because he likes the concept?No!All they want is profit,and there's nothing wrong with that.
Like other forum members said.This isn't actual BTC adoption,it's derivative trading,which won't help for boosting the BTC price,so I couldn't care less about this news coming from Canada.
Good news for traders. More people would induce changes in price and would probably boost it up quite well. Still though, I doubt it would induce that much of a change since most traders have probably know how to trade BTC anyway, and this is just adding a new platform for it. Plus, just like what @pooya87 said, this doesn't really introduce any of the advantages that BTC itself has. It still views BTC as an investment, not an asset. I just hope that even with that though, more people would recognize what BTC is. Even if they do view at as an investment at first, as long as their views are widened while being exposed to it, Alls well that ends well I guess.
it is "mass adoption" if people adopted bitcoin itself and started using that to pay for stuff on their daily lives. but when they are only focusing on trading bitcoin like this case where it is listed on a stock exchange (where people would only buy and sell it not use bitcoin) we can't really get that excited about it. that would just bring more speculators around and could even increase the volatility.
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