I applaud you man. You put more work into your FUD than anyone. It's obvious that you took the time to do some editing and adding bullet points, etc. ;It's very readable. I disagree with the premisses your making, but you do a good job posting.
Consider that the failings you see are failings that ETF investors make make if they don't understand what they are doing. That's a good point. One should never invest money in anything unless they fully understand it. I would imagine that many of the ETF investors do know what they are doing and see a realistic path to profits.
That is gen. 1 thinking, IMO. Eventually they will spend their bitcoin directly rather than using bitcoin as a way to collect dollars.
Obviously you don't pay attention to my post... I am very transparent about when I buy
BTC & when I sell it after I feel a rally is loosing steam. You are correct though, I hope eventually we might find a real good use for bitcoin! At least that's what all these speculators are hoping. Right now we are on the same path as the failing dollar. Extreme Leverage, naked shorting, government control, banks, interest, traders, regardless everyone in
BTC is speculating!! How am I spreading fud when I
had a lot of money in bitcoin?? I go to broad st. at least once per month! Most on here have never even been to anything pro bitcoin. The people I work with closely on wall st. have said many many times that this ETF in it's current form will never be released! Most on this forum would never buy that money stealing ETF anyway... All I did was put up facts so you guys don't think a massive amount of money will go rushing into BTC because of this ETF (which I have seen many many many post on) Since when do people on this forum attack you for letting your fellow bitcoiners know what the deal is???
IT'S HONESTLY SAD! You don't have to listen to me, many on this site never did... some did & have saved a lot of money not buying this whole way down to 350! The ones who completely shit on the facts I bring to the table are usually the ones buying the entire way down! They are salty they keep getting burned again and again so I can't argue with them... They have faith in a system they don't know or understand. Good luck to them all.