Episode Summary

Today On Crypto Daily:

You asked we answered! Which Is Better? Investing In Bitcoin ETF or Bitcoin? 

• Bitcoin
• Bitcoin ETF
• Ethereum
• DOGE
• MATIC

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Everybody happy Tuesday morning. My name is Jody wit and this is crypto daily. Bitcoin continues to hold strong price action. Still above that 58,000 looking to re contest for that all time.

Considering we just broke all time highs a few days ago and all of this hype with the new Bitcoin ETF out, expect us to revisit that all time high and no time. And regarding Bitcoin, I'm going to go ahead and answer a question that we have here. Uh, what is the difference between the Bitcoin ETF and actually trading Bitcoin itself?

Um, keep in mind that Bitcoin ETF actually mimics the price of Bitcoin. Um, it allows investors to not have to use complex storage like hardware, wallets, or cold storage. But the key takeaway is that you were investing in Bitcoin through an institution and you're not actually buying the asset itself.

This is handy for institutionalize. This is very handy for institutional investors. Um, as it's much easier for them to trade an ETF without having to actually store Bitcoin for security purposes. But for your everyday trader, um, physically trading Bitcoin is a much safer option as it actually provides you with the asset itself and not just mimicking the price, taking a look over at a theorem.

Ethereum looks great that candlestick yesterday that we were discussing actually slightly broke out of that consolidation currently sitting at $4,180. I would expect us to continue heading up towards that all time high of just about 43, all time high of about 4,400. If Ethereum can not get to this volume coming in and we start losing momentum here, price will fall down to that 4,000 level support price.

We be down to that 4,000 level support for a bounce off of. Taking a look at doge coin, doge coin looks better and better every day. It is uptrending price has established those higher lows, which looks like we have reversed the trend to a bullish trend. Considering we have been accumulating lower lows throughout the past couple months, we just switched to higher lows price has gotten above that 50 day.

Moving average, we are touching that 200 days resistance. If price action can break out of this consolidations. It would not be surprising to see those coin up towards 30 cents. If price continues to consolidate and we get rejected from this 200 day moving average, we will be falling back to towards that 20 cent zone and guys quickly.

I'm also going to take a look at MADEC. MADEC being a side chain for Ethereum to scale and process transactions. Um, it is looking great up to seven and a half percent just this morning. Also establishing those higher level. Uh, price currently above both the 50 day and 200 day moving average, just touchdown for support.

And we are taking off from there. It looks like we are trending in the upwards direction of a target of almost $2, which would be absolutely fantastic for MADEC that's all the time we got today, guys, thank you so much for tuning in, make sure to follow us and subscribe to our podcast, which will all be in the description below.

Thank you. Quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

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