A big buying opportunity might be on the horizon - page 2.

justdimin

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Quote from: mirakal on December 25, 2023, 12:56:27 PM

Bitcoin reaching it's new all time high has always been its goal even before SEC approval for bitcoin ETF news has spread out. That's why irregardless of its outcome, bitcoin is still determine to reach its goal.

However, upon seeing the SEC approval does not turn into reality, bitcoin price might be possibly affected and we should prepare for that. Not just to stay hodling on our investment but to take advantage on the new cheap price for bitcoin. Bitcoin accumulation will only be maximized if you do it at a perfect timing.

It will definitely have a new ATH and there is nothing that can stop that, I understand some people may feel a bit different about it, but that's just how it is and we should be considering that as the most logical outcome for this situation. I get that we may not reach to a point where it can't be really all that crazy, but we need to realize that it is not going to be all that weird neither.

We just need wait for it, and eventually that will happen, and given enough time, we are going to end up with a good result one way or another. I get that it is not going to be all that simple, but if we want to, then we could make it work. I know that it is going to be a bit tough, but it is not really that crazy to assume it can reach the new ATH price in the next year or so.

YUriy1991

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Quote from: philipma1957 on December 25, 2023, 10:41:20 PM

Not yet logically too much money is going into the mining section of bitcoin I simply do not see

A rug pull. for the time being.

True, This is a basic book and most people probably don't care about the math and it trickles down to the few who have the resources to engage in it on a large scale and currently the Bitcoin network is becoming too slow to handle the flood of transactions and it seems like it is losing its usefulness as a payment systems in fact Transaction costs and processing times have increased. Why did Satoshi Nakamoto allow this?

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Quote from: KiaKia on December 18, 2023, 09:34:34 AM

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

But alas, ETF approval have been around for year's and it has never been approved before, if it's a nO this time around it still won't stop Bitcoin from creating a new all time high.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

Not yet logically too much money is going into the mining section of bitcoin I simply do not see

A rug pull. for the time being.

BALIK

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Quote from: JoyMarsha on December 23, 2023, 05:10:39 PM

The fact that the halving season is next year, whether the bitcoin ETF gets approved or not, doesn't change the already existing history of bitcoin price that it will increase than it has, months after the halving. However, if bitcoin ETF gets approved fine, if it doesn't, still fine. That won't change what is expected to happen for the ATH of bitcoin in 2024/2025,

Everyone is focused on what will happen next during the halving season rather than the bitcoin ETF because that event won't increase the value of bitcoin as much as the halving will (months later).

What you say makes sense because in the past bitcoin has created ATH after each halving without needing an ETF, so this time it won't be a big deal if the ETF is not approved. But let's not be too subjective that history will always repeat itself, I mean there is no 100% guarantee that bitcoin will continue to create ATH after the 2024 halving. In my opinion, we should still have a backup plan for the scenario if there is no ATH after the halving and I want to look at the long term rather than just focusing on the halving.

JariKriting

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Quote from: KiaKia on December 18, 2023, 09:34:34 AM

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

But alas, ETF approval have been around for year's and it has never been approved before, if it's a nO this time around it still won't stop Bitcoin from creating a new all time high.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

2024 there is a very large buy demand halving. even if the ETF is rejected, it only drops for a moment not the market is destroyed. every halving whatever conditions occur bitcon prices will rise high. after the new halving slowly the coin price will continue down price.
maybe if it is rejected it is only for market price correction before the price of bitcoin and altcoin will skyrocket and rise high again reaching the latest ATH price.

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Quote from: mirakal on December 25, 2023, 12:56:27 PM

Bitcoin reaching it's new all time high has always been its goal even before SEC approval for bitcoin ETF news has spread out. That's why irregardless of its outcome, bitcoin is still determine to reach its goal.

However, upon seeing the SEC approval does not turn into reality, bitcoin price might be possibly affected and we should prepare for that. Not just to stay hodling on our investment but to take advantage on the new cheap price for bitcoin. Bitcoin accumulation will only be maximized if you do it at a perfect timing.

Currently the market is starting to look bullish again and the price of bitcoin has experienced a slight increase after a few hours of decline, the movement of bitcoin is still very stable ahead of the SEC's decision on the ETF and maybe this will even be an opportunity for us to collect bitcoin because if the SEC approves the Bitcoin ETF So it's possible that the Bitcoin price will pass the ATH in my opinion, but of course there will be many effects that might be felt by those of us who have been investing in Bitcoin, so far we have seen Bitcoin as an investment that is free or cannot be controlled by anyone, but If a bitcoin ETF is approved later, it is possible that Bitcoin will be regulated like other financial assets and let's see how good or bad the impact of a bitcoin ETF will be after the SEC announces it in January 2024 later...!

mirakal

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Bitcoin reaching it's new all time high has always been its goal even before SEC approval for bitcoin ETF news has spread out. That's why irregardless of its outcome, bitcoin is still determine to reach its goal.

However, upon seeing the SEC approval does not turn into reality, bitcoin price might be possibly affected and we should prepare for that. Not just to stay hodling on our investment but to take advantage on the new cheap price for bitcoin. Bitcoin accumulation will only be maximized if you do it at a perfect timing.

STT

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Its not that bad news would be unexpected, further resistance to a BTC ETF has to be known to be possible. Its the manner and definition in which it takes place, if we have an absolute denial of any possible BTC ETF then I would expect a sell off to at least mid 30k prices. Possible further but a correction then back above to 35k would indicate just how seriously that was taken; 35k then might be a ceiling etc. market perception would be developing.
Long term I dont think it matters as much as people expect, ETF or not BTC prospects are really not about a tradable quote on the various stock markets. BTC has to be more then just another symbol swung into and out by the speculators and leveraged traders. The whole story about BTC doesnt come to rely on an ETF as that is centralism and its easy to see why authorities resist the idea of BTC being accepted into the fold as it is so different and unguided by traditional governance.

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Quote from: Nrcewker on December 24, 2023, 07:54:11 AM

This seems great opportunity, but to be honest, we long term traders don’t exactly look for specific opportunities. For us every moment is an opportunity. Whenever possible we buy the coins irrespective of the price.

Perhaps you should've categorized the season where we can buy Bitcoin without monitoring price levels and that's in a bull season. This is because no matter where one buys, price is expected to quickly rally up even if it dips after one's purchase. We can't say the same thing when the market is in a bear season. No one wants to catch a falling knife during a bear rally and that's why everyone wants to be sure they're buying the bottom or close to it.

jeraldskie11

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Quote from: KiaKia on December 18, 2023, 09:34:34 AM

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

But alas, ETF approval have been around for year's and it has never been approved before, if it's a nO this time around it still won't stop Bitcoin from creating a new all time high.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

I think to say rugpull is not best term for it since Bitcoin is not a scam coin.
It is better to say manipulation because it's only made to liquidate stop-loss of traders as fuel to send the price higher or just to fill the order below so that they can join the impulsive up move of the price. I usually see it in the equal highs or lows. I noticed that it is also being used for the expected order flow to happen in time.

Not only the denial of approval of ETF can cause crash to crypto but also FOMC, CPI, and other bad news that is related to crypto.

flyingcarpet

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Quote from: Nrcewker on December 24, 2023, 07:54:11 AM

This seems great opportunity, but to be honest, we long term traders don’t exactly look for specific opportunities. For us every moment is an opportunity. Whenever possible we buy the coins irrespective of the price. We know that Bitcoins are limited in number, hence there will be a time when there is scarcity of Bitcoins and to accumulate it the price will be high. In that time, if you sell these coins, then definitely you will make huge profits. Yes this ETF is a nice opportunity, but I would suggest to buy Bitcoins at regular intervals , irrespective of the opportunities.

It is a good advantage for long-term investors that they are not affected by many situations in the market. They do not make mistakes with instant decisions and continue to accumulate Bitcoin. This is a behavior that many people want to do but cannot do.

They make good use of the opportunities in the market and accumulate Bitcoin in every environment. The market has been offering buying opportunities for a long time, and long-term investors continue to take advantage of this.

Nrcewker

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This seems great opportunity, but to be honest, we long term traders don’t exactly look for specific opportunities. For us every moment is an opportunity. Whenever possible we buy the coins irrespective of the price. We know that Bitcoins are limited in number, hence there will be a time when there is scarcity of Bitcoins and to accumulate it the price will be high. In that time, if you sell these coins, then definitely you will make huge profits. Yes this ETF is a nice opportunity, but I would suggest to buy Bitcoins at regular intervals , irrespective of the opportunities.

kentrolla

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Quote from: JoyMarsha on December 23, 2023, 05:10:39 PM

The fact that the halving season is next year, whether the bitcoin ETF gets approved or not, doesn't change the already existing history of bitcoin price that it will increase than it has, months after the halving. However, if bitcoin ETF gets approved fine, if it doesn't, still fine. That won't change what is expected to happen for the ATH of bitcoin in 2024/2025,

Everyone is focused on what will happen next during the halving season rather than the bitcoin ETF because that event won't increase the value of bitcoin as much as the halving will (months later).

Yes I have noticed that people are more interested in halving because that's what would trigger the bull run and possible new ATH. Spot Bitcoin ETF might get approved which would be good for Bitcoin and at the same time even if it's not approved it would have very limited impact on Bitcoin.

But one good thing is that it has created so much hype and given much needed boost to the crypto and Bitcoin market in general which has pooled in more investment.

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Quote from: JoyMarsha on December 23, 2023, 05:10:39 PM

The fact that the halving season is next year, whether the bitcoin ETF gets approved or not, doesn't change the already existing history of bitcoin price that it will increase than it has, months after the halving. However, if bitcoin ETF gets approved fine, if it doesn't, still fine. That won't change what is expected to happen for the ATH of bitcoin in 2024/2025,

Everyone is focused on what will happen next during the halving season rather than the bitcoin ETF because that event won't increase the value of bitcoin as much as the halving will (months later).

The main point to pay attention to is to focus on the potential of BTC in the long term and against the many arguments that expect Bitcoin's ATH in 2024/2025 to be like this and that, I think that's normal.

In my view, if we are updated regarding ETF licensing, whether through this forum or from several other mainstream media sources, I think it will be very easy to determine whether to move forward or hold on while analyzing for a while, where later there is the potential for an Emotional, Rollercoaster, from excitement to despair if bitcoin ETF is approved or not from users.

EluguHcman

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You are just right @ OP, sometimes I began to imagine the possible thoughts about the pissed off patients which runs through the minds of those Bitcoin traders who are looking up to the interesting horizons at when the ETF is approved so they could make prominent profits of their Bitcoins investments histories.
A lot of investors have accumulated their Bitcoins and so they are on the surveillance watch hoping to grab the all awaiting exciting opportunity of the bitcoins bull run, some pre-investors who want to embrace the bitcoins industry are on second thoughts of they should invest their funds or not? Because they are being enticed with the gladed news that the ETH would be approved so they could take advantage of it and accumulates more of Bitcoins with the appreciatable accelerational skyrocket in the Bitcoins markets but to some extends on watching over the system, they are already getting discouraged to invest on and lot of investors who has waited for its good news might not be able to hodl with their coins anymore and believes the only option is to sell their hodling.

JoyMarsha

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The fact that the halving season is next year, whether the bitcoin ETF gets approved or not, doesn't change the already existing history of bitcoin price that it will increase than it has, months after the halving. However, if bitcoin ETF gets approved fine, if it doesn't, still fine. That won't change what is expected to happen for the ATH of bitcoin in 2024/2025,

Everyone is focused on what will happen next during the halving season rather than the bitcoin ETF because that event won't increase the value of bitcoin as much as the halving will (months later).

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Now it seems that some schemes can still happen and the benchmark is still the decision taken from the ETF later because after all this can provide loopholes and some schemes that will occur later so that indeed the decision taken can be a turning point or even make this a little lackluster like at the beginning of this year.

For now, it seems the best option is to wait and see what the SEC will do because even though they may decide to reject it outright, the policy is certainly not like that because there has to be a good reason to reject it especially since it will be a benchmark for their future.
Even so, even if the worst case scenario is that it is rejected and the market starts to crash again, I personally don't really care because in the end the goal is not for now but for the longer term.

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Quote from: btc78 on December 21, 2023, 10:13:47 AM

if the approval of ETF gets denied it might be the right time to buy as much bitcoin as you can the approval of ETF is only one of the many factors that will affect bitcoin’s price but not the only one if it gets denied it’s definitely possible that we see a dip in bitcoin’s price

approved etf or not, there will still be a halving that will take place later on that will surely be followed by a bull market

Well the ETF denial may not force the price of Bitcoin to fall beyond what we already hard in the past and for that we may have to look away and stop giving too much importance to the second decision on the Bitcoin ETF which has been delayed for too much due to obvious reasons only the sec could understand.

I believe we have gone beyond the era when depend holders gave or paid much attention to that development because it was not forthcoming and people have moved on regardless, but also, bitcoin investors are always on the lookout for any opportunities to buy bitcoin at a discounted price since they know that bitcoin will always recover from any market conditions regardless of what cause the crash in the first place.

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Having the courage to buy bitcoin is always a good thing, people should always do something that will end up with something that would be a lot better and could make a greater return in the end.

I get that it is not going to be all that crazy to do in the end, but we need to focus on this to work out. I get that people still fear, even after all this increase, or maybe because of this increase, because they fear that it is not going to be as easy to go up as it was already and they fear that it may go down. But the reality is that, if you can find that courage to buy some more right now, that would be something that would matter a lot more for you and you should do that, people should focus on how they could make it work in the end.

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SEC approval about ETF has nothing to do with market sentiment, I'd rather believe that FUDs are more influential than this. I guess, it was time to stop thinking about ETF approval, we are tired of waiting and being hopeless. Besides, without ETF the market will increase, and halving will do the work.

Perhaps, I buy Bitcoin because I believe that it will continue to grow and give me profit. Many people out there are buying Bitcoin without thinking about ETF, therefore, let us stick to that thinking and continue buying potential coins.

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