Spot Coin ETF. Building BBH

SPOT COIN ETF

The news keeps rolling in.

"SEC Gathers Spot Bitcoin ETF Applicants, Preparing for January 10 Approval
Reports from Fox Business say the SEC gathered all spot bitcoin ETF applicants for a “joint conference” as approval is likely in early 2024."
source.

"SEC could make crypto history in new year with first spot bitcoin ETF approval
SEC, fearing malfeasance, demanding cash used in ETF purchases, not bitcoin.

Sources close to these firms say recent guidance from SEC officials is that a green light will likely come by Jan. 10, 2024. This is the final deadline for the SEC to approve or deny an application from the first firm to ask for the SEC’s blessing for a spot bitcoin ETF: Cathie Wood’s Ark Investment Management in partnership with 21Shares."
souce.

"BTC Price Prediction Ahead of Bitcoin ETF Decision
Regarding price forecasts, a range of predictions have been put forth. On the conservative end, Bitcoin’s price is expected to hover between $42,000 and $100,000 upon ETF approval. However, a more bullish perspective suggests a potential surge to $160,000 or even $1,000,000, fueled by institutional influx and supply factors.

For instance, Adam Back, the CEO of Blockstream, forecasted a significant increase in Bitcoin’s value, suggesting it could reach $100,000. He believes this surge is possible even before the introduction of an ETF and the upcoming Bitcoin halving event. Back emphasized the substantial impact an ETF could have on Bitcoin’s value, highlighting its potential influence on its market dynamics.

Likewise, on-chain analysis firm CryptoQuant told BeInCrypto that Bitcoin would surpass $160,000 based on several factors. These include the anticipated increase in demand for Bitcoin stemming from various ETFs, the forthcoming Bitcoin halving event, and a potential rise in broader stock markets driven by cuts in interest rates."
source.

So why all this today?

What if $BTC hit $1,000,000? What is going to happen to BBH price? I did up a couple of examples. It does depend on the price of $HIVE.

22 Dec 2023	43634	0.3575	100000000	0.00122
test	1000000	8	100000000	0.00125
test2	1000000	3	100000000	0.00333
test3	1000000	1	100000000	0.01000

I know there are people that are day trading BBH. You can see above if BBH was to stay around the price it has been the last week or so if and when Bitcoin hits $1M, Hive will have to be at 8 dollars.

If Hive only goes back to $3 then its price is almost triple today and if Hive only goes back to $1 then well you can see by the chart above.

This is all speculation. But I wanted to lay it out just incase people don't know, or don't read the fact that my daily release price of BBH. I try to keep 1 BBH equal to 1 Satoshi.

At a million dollar Bitcoin then one Saoshi equals 1 cent. As you can see from the chart above with test3 that is simple math and shows that.

Just something for you to think about and chew on.

BUILDING BBH FUNDING UPDATE

Hiver	BEE Donated
@heartbeatonhive	30.00000000
@benthomaswwd	10.00000000
@hopestylist	2.00000000
@flaxz	20.00000000
@jfang003	1.00000000
@ericburgoyne	2.94155941
@iamraincrystal	80.00000000
@beststart	177.97689853
@ironshield	100
@pepetoken	1
@fantagira	15
@edgerik	10
@cccf	10
@hirohurl	4
@silversaver888	10
@keechadkikali	1
@eyewaa	2
@kaycooks	2
@heruvim1978	13
@bitandi	5
@fiberfrau	2
@yeckingo1	1
@bulliontools	2
@ammonite	10
@fantagira7	8
Total Donations	519.91845794
bradleyarrow	730.14738845
Hive-112281	1,680.17425538
total	2,930.24010177
goal	10,000.00000000
Left	7,069.75989823

I want to thank everone that has donated so far. Remember if you donate BEE please send it to the @hive-112281 account.

If you are not in the list and think you should be, or if the totals don't look correct let me know please.

I am raising asking for dontations to a minimum or 5,000 BEE to a maximum of 10,000 BEE.

5,000 BEE will get the OUTPOST off the ground. The other 5,000 will add to it, as in, staking, delegation, I need 1 BEE stakes for each active member of the OUTPOST. Etc.

So if you have BEE lying around in your wallet or if you want to be a founding member here it is.

AIRDROP

I will on launch of the outpost, air drop 20 BBHO for every BEE donated to getting this launched.

Max air drop will be 200,000 BBHO. There will only ever be this one air drop.

Some math for you. If we where fully funded at this moment and launched.

Approximately 3 BEE to 1 Hive 60 BBHO equals 1 Hive 0.00057 USD for BBHO if Hive at 34 cents.

Are you in?

BUILDING BBH

Saturdays are drip day. Now if you are not a regular reader of mine you are wondering what is drip day.

I run a income token and tipping bot all in one. The token is BBH. Every Saturday I payout the people holding BBH tokens. Passive income if you like. I like to call it a 'drip' of a token(s) to the people that own BBH tokens. And unlike some all you have to do is own it. No staking, no nothing.

1061 drip payments were made.

If you own 10 or more BBH tokens you got a drip of swap.hive. If you own 5,000 or more BBH tokens you got a drip of swap.hive and the Alive token, and CTP Tokens. If you own 10,000 or more BBH tokens you got a drip of swap.hive, Alive, CTP, and $LEO tokens.

All just for owning BBH. There are two ways you can get BBH. First you can buy them from the open market. I use TribalDex myself.

Or they can be tipped to you. The great part about BBH tipping is that when you tip a token to someone else you do not loose any of your own. There is a central pool that supplies them.

And a third way to get BBH would be people gift them to you.

TIPPING

In a 24 hour period, reset at new day UTC. There are currently four levels of tipping.

Level 1 = 1000 BBH holdings = 1 tip per day you can send
Level 2 = 5000 BBH holdings = 5 tip per day you can send
Level 3 = 20000 BBH holdings = 20 tip per day you can send
Level 4 = 50000 BBH holdings = 50 tip per day you can send

The tipping command is !BBH

I now set the release price of BBH to the markets daily. It is an open market so sometimes you can pick up deals when others are selling cheaper than my set price. The goal is to have 1 BBH = 1 Satoshi. I do a bit of math and get the price. If Bitcoin is stronger than Hive then the price of one BBH goes up and if Hive is strong than Bitcoin then the price goes down.

Here is the last week worth of price settings.

16 Dec 2023	42266	0.3582	100000000	0.00118
17 Dec 2023	41892	0.3543	100000000	0.00118
18 Dec 2023	41030	0.3338	100000000	0.00123
19 Dec 2023	43025	0.349	100000000	0.00123
20 Dec 2023	42535	0.3495	100000000	0.00122
21 Dec 2023	43658	0.3545	100000000	0.00123
22 Dec 2023	43634	0.3575	100000000	0.00122

ALIVE AND THRIVING

BBH, INLEO, and WEAREALIVE are Alive and Thriving.

GOALS

Get BBH Outpost built
Post on Hive at least once a day
Bring some joy to my wife today
Top 20 Hive-Engine Witness
Stake 1 million LEO
Stay positive and keep a good attitude
Promote Hive to someone new
Get Curation Trial to 200 people
Hit 10000 HP by end of 2024
Do 2000 strait days posting on Hive
LPUD every month in 2024
Make BBH the number 1 income token on HIve
Visit Ghana one day

FOOTER

Please take time to support my Hive-Engine Witness Node.

Don''t forget to check out our Curation Trail

Don''t forget to check out the The PIzza Plan

Have a super positive day everyone.

All roads lead to Hive.

What is Hive?

Bradley

Posted Using InLeo Alpha