The Grayscale Etherium one doesn’t trade. You buy it directly from Grayscale. But David is right that there is another fund that trades in Europe, but its symbol is not recognized by any brokers I contacted.
Thank you.
Then it has to be this one.
And listed here.
http://www.nasdaqomxnordic.com/
I remember reading that JPMorgan traded those on behalf of clients.
Thanks. It appears that this one trades through NASDAQ if you fill out a special form first.
It seems the crypto market was the fuse that foreshadowed the recent market decline. And the crypto market was dropping all through the last 2 days of drama. However crypto seems to have found a bottom today… maybe that will bode well for the equity market too.
Strange if crypto has that big impact on equity.
Agree about short term bottom.
More trouble is brewing if Tether manipulation is real. And Bitfinex.
They can bring entire crypto market to very low levels.
Good call on the market top David!
We’ve now seen a market correction in mostly 2 days of historic ugly market action. But at this point it’s just a correction. The next phase is likely to be a rally up to confirm a top (with a lower high) or continuation of the bull market with a new all time high.
I find it difficult to believe we’ll make new all time highs this late in the bull, especially after the recent scare. But if we do make a lower high it will get even uglier as the bear comes to full life. It’s scary to imagine what is uglier than the drop we just saw.
Um, maybe October 19, 1987?
Dave,
With all due respect. The fees were due to spam. The spam is gone now. Fees are minimal.
Out of curiosity were you aware of mast, Ivy, scnorr,lightning,rsk, and mimble wimble.?
Have you seen the mem pool lately?
Trying to understand your view on the dev’s ? With all of the above in the que it appears the development on BTC has never looked stronger. As they say differing opinions are what maketh a market!
No, the fees were never due to spam. By definition everything transmitted on the bitcoin blockchain pays its fee and is a genuine transaction. Anyone that thinks a “spam” transaction is paying $20 doesn’t have a clue what they’re talking about. You’re parroting misinformation being repeated by the same economic illiterate morons who have been destroying bitcoin and crashing its market share.
Transactions are cheap for the moment because usage has gone down. Usage comes and goes, but unfortunately because the moronic devs have capped usage by capping the blocksize, usage CANNOT grow beyond a hard limit. Only fees can grow. So bitcoin cannot grow and is basically dead in the water. All the extra usage that would be feeding into bitcoin’s network effect and market share is instead being forced into other coins like ethereum and increasing their network effects! The rest of the crypto space has exploded as bitcoin has remained stagnant in usage (again because it cannot grow), and that has caused bitcoin’s share of the market to absolutely collapse from over 90% share to around 35% share right now. Users leave quietly, but meanwhile every day another few businesses are publicly leaving bitcoin and announcing switches to altcoins because they cannot afford the fees and delays on the crippled bitcoin blockchain. This is directly the fault of the moronic devs and their idiotic polices that have destroyed bitcoin’s growth. This was 100% predictable, and people like me predicted the marketshare collapse back in 2015.
Lightning and other technologies are unfinished, unproven, have not been accepted by the market, and might never be accepted by the market. It’s great that new things are happening, but frankly with the core of bitcoin crippled it doesn’t really matter. The market is rapidly moving elsewhere. Other coins actually have similar technologies to everything bitcoin is doing, and they are more advanced. Spending time looking at bitcoin is a waste and you are missing where the growth is really happening in crypto.
Stop repeating the nonsense propaganda being spouted by the people destroying bitcoin and think for yourself. No rational person could possibly look at the current situation objectively and think it’s good for bitcoin. By every objective measure bitcoin is dying–even price is now being outpaced by ethereum (along with usage of ethereum). Unfortunately I think it’s too late for bitcoin now and my investment is elsewhere.
