| submitted by /u/lesbiansareoverrated
Okay so I'm gonna try to keep it short.
I'm all pro bitcoin and about holding it and waiting for the price to go up. But can we please stop promoting that as if that's what the purpose of BTC is. Bitcoin was made to be a currency and to be used as a currency not some get rich quick scheme, not something you never use.
I get the logic of, "Hey it dropped back to 6K I'd rather wait until 8K and then use it" but the only logic seems to be,"Hey let's hodl until the world ends"
If bitcoin isn't used then it's not gonna go anywhere, it's not going to gain any value because what the value in it? It's not a collectors item.
I get a lot of people missed out on it when it was under a penny, when it was a couple bucks, a couple hubdred, even a thousand. But even if you have $ 500 in btc right now and it jumps up to 60K in the next 10 years you will have 5K. Yeah it's money, a good return but YOU WON'T BE A MILLIONAIRE.
Please stop spreading this nonsense around and let's all start trying to get people to use BTC in everyday lives. Talk to a local shop or business about the ease of use, the low transaction fees, and the control. Talk to others about USING it, not hoarding it waiting to make a million.
That's why the banks and other corporations are stepping in, that's why it's being treated like a stock/bond whatever, because no one is using the thing to buy stuff.
Keep some of your BTC in the long run for when it does hit 60K, 420K and so on, but actually use the currency too.
Thanks for the downvotes ahead of time
Guys, this is a very important step for bitcoin/cryptocurrency. We all want growth, are you willing to spend two minutes of your time to help do something big? If not for the tech at least do it so your holdings go up in value :-p
For those of you who don’t want to read to figure it out, follow these steps:
1) Send an email to: email@example.com
2) Paste this into the subject line: Release No. 34-83520; File No. SR-CboeBZX-2018-040
3) Send a basic or wordy email about why you think bitcoin/cryptocurrency/Blockchain tech is good for the world. At the very least say, “Please approve this ETF because i believe bitcoin is an important creation and needs to have the chance to grow” or something like that, please don’t quote that verbatim.
Here is a really great comment to model yours off of if you want more things to say:
And finally here is the link to see others comments/how to submit on the official site: https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm
From madbanker1, “Seeing as the SEC is mostly concerned about protecting investors, one angle to include in comments is the fact the lack of an ETF does not prevent people from investing in bitcoin, and that without an ETF, retail investors are currently required to take great risk when investing in bitcoin :)”
Similarly, if you want to go the extra mile, read this comment and listen to him.