You have to pay a massive exit tax to renounce your American citizenship, so this is not viable except to really rich people who move to tax havens to keep their wealth (and they will not be allowed to enter the US again if tax evasion is the reason why they did that).

So, you are saying if a person moves to another city they have to tell the US official why they are going to a tax haven even if it's obvious to know or assume. Why would they not be welcome by them again? It's a little selfish well, if they are then they should not allow them to flee in such tax havens. Actually, this info is new for me as till now I have seen a lot of people using this facility and still, they are American citizens.

I think there is a need to pass the same bill as Oklahoma has approved. Besides, why would a person give up his status of US citizenship in order to go to tax havens he can also go there as a tourists or not?

When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck

You are 100% right, diversification is the best strategy to minimize the risk as if one coin is going down, and all of your assets is invested in it, then you will feel more stress, even if you have invested with the funds that you don't care to lose (the most famous quote we all used to say to each other 😋) So to minimize the risk and increase the ROI I moved some of my funds into alts. But as I said not so very happy with this plan as I invested in some tokens at some good point but end up a victim of a fud and sold some good assets for instance Near I bought it at 1.75 maybe and since that point it has been trading at $7 or near it.

This is just a one example, I made some mistakes so I think I should not blame alts for that 😁😂. I am still investing in some tokens but the amount which I care not to lose. But to be very honest many tokens are so under value at the moment that they look so true to be invested (so good to be true).

Therefore, I am even sure that some people feel motivated by the brightness of Bitcoin in the future considering that this seems to be a special encouragement for people who have felt a little loss recently. I also have the same belief as you, where predictions based on history cannot be 100% accurate, but at least this gives us another view that there is a few percent possibility of historical data becoming a benchmark again because we always see ATH always related to the Bitcoin halving.

You are right, this prediction if not 100% accurate but at least they give us some idea or hope that this could happen, or there is a slight chance of it to happen. I have a bad history with charts like these, i.e when I was a newbie and did not have good knowledge of crypto, I took these charts for granted and thought that, its already been happened in 2016 (in this case) and chart is making the same pattern again, if I would be a newbie today, I would even say the pattern was noticed on Monday in 2016 and its also noticed on Monday in 2024 haha.

Well, that's why I added we should not take these charts for granted, so if any newbie would be reading my post will know that.

As @Lucius said, we must be prepared for unexpected circumstances. The ETF ahead of the halving did change the pattern a bit, but we still don't see much in terms of future surprises. Keep our eyes on the market and also several news portals to get updates regarding Bitcoin movements.

Yeah, market's behavior is 50% depends on the mindset of the holders and investors, so if we are keeping patience and belief in the market that if will follow the same patterns as before, like ATH/Bull Run after the halving then it will repeat that pattern again in this cycle too.

P.S. What do you think about news like this? Do you take them seriously? Don't you think we are being manipulated by such a method? 

They are really obfuscating people's BTC via this method, they are waiting for the right moment or waiting for the right spot to catch people on, once they find a mistake that people are making, they suddenly opens a case against them, and seize there accounts. They are doing it from a long time, the fun is they are still holding onto most of the funds they have seized yet.

I think they are playing the bigger game here, I think they also trust the potential of BTC and must be believing that BTC can make then way more than that they are holding right now or obfuscating right now. We should really take events like these seriously and consider to take proper action to save ourselves, the new legislation that oklahomo has approved is a big steps against such method used by authorities.

Spot ETFs allow investors to take exposure to cryptocurrency without having to own it. They are considered a better option than futures-based ETFs, which are subject to rollover costs.

Thanks for sharing this data with us, the reasons of the lesser volume in compared to USA ETFs are a lot, first the market of the US is bigger, they are the first who approve the ETF, so all eyes were on them. More eyes means more trading volume. Plus the hype was so much and I don't think people even knew about HK ETFs until they see the news that they have been approved.

If you were in the market from the start of this ETF drama, then you must have known the emotions of people and what they were thinking, assuming from BTC ETFs. I don't disappoint from this event, as I was not linked any hopes with them. I knew the hype is over, and market of HK has no match with the US one, that's why I did not hoped.

People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.

I did not know before that a bull run takes 10 years to come for Gold, that's a lot of time, but still, people prefer it. I can't agree more with you on the fact that there is less luck and more knowledge, but OP I was once a newbie, everybody was, and I have read many confessions from newbies that, they said, they get lucky with their BTC investments. Some say, their relatives or friends near them ask them to buy BTC, and at the time they bought they did not have any knowledge but were still able to make a profit.

Just because those who invested in the bear market, are in profit right now, and those who bought near $73k are in loss right now. The time of buying the assets is the most important thing, and that knowledge comes with proper time spent in the market.

1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?

2. Do you think there will almost be the same story here...just like what happened with the Bitcoin ETF...where a court case was necessary to compel SEC for the eventual approval?

Following are the dates for ETH's last approval,

Ethereum ETF final deadlines.

🟠VanEck: May 23
🟠Ark Invest/21Shares: May 24
🟠Hashdex: May 30
🟠Franklin Templeton: June 11
🟠Grayscale: June 18
🟠Invesco/Galaxy Digital: July 7
🟠BlackRock: August 7
🟠Fidelity: August 3
🟠Bitwise: December (Date Unspecified)

So if we observe these dates, I think you are right, SEC might reject the approval in this month (May) too. But they will not reject it every time, they will definitely follow the same pattern they did with BTC. I don't know why they are holding things that long, they just don't want crypto to be legalized, so they will delay things as much as they can. I think the first ETH ETF they will accept will be of Grayscale or of fidelity.

I am 100% sure that they will accept ETH ETFs before 2025, I mean why would they delay it, considering the current price of ETH its so under-value right now, what you think? Course case are necessary, as these authorities don't let anything goes live that easy, they will even try to make it not happen. They not only do it with crypto they do it with every technological approval.

Do you think that we should now accept the occurrence of these scams and hacks as very normal in the cryptocurrency industry...and what are the things we can do to protect ourselves from them?

OMG that's a big number, I mean how a person can lose it all in one trade, was he making the tx in one go, if yes then he should have made more then one tx, and maybe after 1 or 2 he would notice the ignorance he is doing. Address poisoning is a very common scam, and most of people become a target of it when their clipboard gets hacked, or when the victims copy addresses from the last tx they received (using explorer maybe).

This really gives me goosebumps to imagine what would be the situation of that person who lost that much money, $68 million is not a joke, and an overall lose of $502 million is also insane. We should really not accept the occurrences of these scams, although they are common, and many newbies become a prey to it, but seeing experts people losing it all idk why hurts the most. We should raise more awareness, and help people to realize that there is no place for ignorance in this market, they should suspect things even if the things looks idiotic to ask about.