$Volatility Shares 2x Ether ETF (ETHU.US)$ I need this to cl...

ArtemisX : something look amiss in this etf? supposed to x2 the eth performance, but now comparing to the non leverage etf, is going down instead? ??

10baggerbamm OP ArtemisX : there's daily factors that come into play on a very short-term basis. they can trade at a discount or premium to net asset value that's number one number two it can trade strictly on supply and demand that will move the ETF so that it's not necessarily in direct correlation to ethereum itself. and you'll see this the next day for example aetherium might be up at the ETF is down 1/8 or vice versa . so you have to take a larger picture and step back and see where it potentially is going in the next 1 month 3 months 6 months. if you get a reversion to the mean or what some people call Fibonacci retracement. you have a significant upside potential here coming. the same story for aetherium today holds true what it did back earlier this year when the ETFs were approved and began trading many of them. it's just falling out of favor and a lot of the money that was in exchange traded funds whether it's Bitcoin or ethereum went into Nvidia went into other tech stocks were liquidated because of margin calls for example when the dollar yen went haywire which started July 5th through August 11th causing a major sell-off in the broader base marketplace. so the daily up eighth down 1/8 by own weakness settlement below the market and don't chase because you're going to have back and filling throughout the day

ArtemisX 10baggerbamm OP : i see, just wait for the big break and this will be peanuts when looking back might wait awhile. but just parking here for now

10baggerbamm OP ArtemisX : oh I think it's going much higher than the $10 Fibonacci retracement I think you'll see mid twenties in a year's time frame when Trump's elected Bitcoin will be 70 plus thousand dollars the minute November 6th when he's announced winner and when he's inaugurated Bitcoin will be 80 plus $1,000 and then when Trump builds a reserve a Bitcoin like he said he was going to do like a strategic oil reserve and gold reserve bitcoins going to 100 and aetherium is off to the races it's going to be moving the entire time and since ethereum fell further than Bitcoin in the most recent sell-off there's a lot more upside in it