Easy 10% early next week on HBIT - "RRSP Bitcoin"This ETF is not really Bitcoin, it's a derivative. For a short term trade, make your gains here with and buy real Bitcoin on a real cold wallet.
With now HBUT at sub $10 is a buy. You can't tell from the charts, there's no volume on HBIT/BITI because traders need volume. There's none on that junk so its just for snipers at this point (people with Level 2 and able to pick off the arbitrage with real Bitcoin patterns, like 1 hr oversold on real BTC and snooze on fake ETF.
Anyway, I'm long HBIT, (& off BITI) before the weekend or sell everything if you think cash-is-trash is better.
This is the sub $60K stop loss attack before the run to six figures on Bitcoin. Enjoy the ride people.
Bitcoin is the true market. The rest is an illusion that is getting slowly corrected with math.
Rrsp
Ethereal SummerWith multiple pressures on the broader economic outlook going into the dog days of summer 2021, a stagnant and uncertain market will lead to bullish investors looking elsewhere for returns. Bonds will not feed the beast. Changes coming to the Ethereum network will better insulate it from concerns around sustainability. For Canadians, ETHC is an investment worth considering in both the TFSA and RSP context.
