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Topic: Bitcoin Skyrocket soon launches! Fasten your seatbelts! - page 2. (Read 260 times)

hero member
Activity: 2786
Merit: 657
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There's doubt that the price of bitcoin market will surge if the SEC approve the ETF for bitcoin but that doesn't mean that the price of the bitcoin market will reach $50,000 price range per bitcoin before the end of this year.
sr. member
Activity: 756
Merit: 250
I am not familiar with the question, so is it a negative impact on bitcoin in the future, or can make bitcoin growing all over the world?
hero member
Activity: 3080
Merit: 603
Don't get your hopes up because no one care about SEC anymore, and also it could be a bad thing for bitcoin as fellow members explained above.
IIRC, It has been disapproved twice last year so it's not really a big thingy today.

I'm not moved with the ETH anymore so what I want to focus with is with this thing.
Bitmex CEO said in a interview at CNBC that end of year we can maybe reach 50k$ per bitcoin!

If SEC's ETF approval is the only way to make this it's still unknown.

One more thing I highly doubt that bitcoin will will reach 50k in just 6 months.
It's hard to believe but bitcoin from $7,000 - $20,000 took only 4 weeks, correct me if I'm wrong.
legendary
Activity: 3472
Merit: 10611
On the other, this might be the nail in the coffin for Bitcoin as a currency. If everyone's investing through ETFs, no one will be trading actual Bitcoins.

the keyword is "everyone" which is never going to happen. in fact majority of people want to hold what they buy (by hold i mean have in their possession not hodl and never sell) which means they will always buy bitcoin directly and move it to their wallets to have 100% full control.
using ETFs you would be using a third party and that's not bitcoin anymore.
full member
Activity: 686
Merit: 104
good news, and it looks like we have to prepare all this from now on. though that is not yet certain, but it is likely that bitcoin will still go up at the end of the year. buying from now is a good thing.
legendary
Activity: 1456
Merit: 1023
I already saw this news and also was happy, finally the uptrend will return to the cryptocurrency market.

Most of the investors are eagerly waiting for prices to go up so any good news will give relief to investors but if that news just for speculation then we will not see much impact to the market. I'm a crypto believer so I too think prices will surely go up but not confident that within next few months Bitcoin price can hit around 50K or even previous all-time high price 20K. So currently whenever I get some spare money investing in cryptos and holding them tightly.
newbie
Activity: 126
Merit: 0
People continue to speculate about bitcoin, I think words like this will not change the value of bitcoin. Purchases and sales are the real thing that can determine the value of bitcoin. However their words can scare people into buying bitcoin back and I think it is a stupid trick to get bitcoin at a bargain price.
newbie
Activity: 96
Merit: 0
I already saw this news and also was happy, finally the uptrend will return to the cryptocurrency market.
member
Activity: 242
Merit: 10
It's just price speculation is nothing more than. what will happen the reality. I do not really believe in such media let alone make prediction. I'm hold my assets in my hardwallets.  I don't want to regret, just have more patience bitcoin will moon again.
member
Activity: 174
Merit: 10
Don't get your hopes up because no one care about SEC anymore, and also it could be a bad thing for bitcoin as fellow members explained above.
One more thing I highly doubt that bitcoin will will reach 50k in just 6 months.
hero member
Activity: 1834
Merit: 759
I have mixed feelings about this.

On one hand, this certainly has the potential to increase Bitcoin prices, and will be bringing in investors.

On the other, this might be the nail in the coffin for Bitcoin as a currency. If everyone's investing through ETFs, no one will be trading actual Bitcoins.

We'll see though, I guess.
hero member
Activity: 1470
Merit: 655
i don't know ETFs have been weird so far. the hype of them has been dwindling with each ETF that got rejected by the SEC last year. for example the first one led to a big rise and smaller but still big drop. but i think it was by the third time that nobody even cared about them anymore and price didn't move at all.

and i still say the following statement is wrong, there won't be any cash-flow in bitcoin directly so it won't affect bitcoin directly at all:

this will cause a mainstream cashflow into cryptocurrencies, especially for bitcoin!
newbie
Activity: 140
Merit: 0
Bitcoin will rise again near soon just relax and don't dump your assets or you will regret, I believe that bitcoin will have a bull run this year and I'm keeping my assets in my wallets due of I don't want to regret, just have more patience bitcoin will moon again.
sr. member
Activity: 1848
Merit: 261
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I've seen this news, maybe it's just price speculation is nothing more than what will happen the reality may be more bitter, I do not really believe in such media let alone make predictions without seeing how the past bitcoin itself
newbie
Activity: 15
Merit: 5
Hello



https://www.coindesk.com/the-sec-is-seeking-comment-on-yet-another-bitcoin-etf/



the SEC is reviewing soon the idea of ETFs for bitcoin, which will cause a dramatical uptrend for the future! Bitmex CEO said in a interview at CNBC that end of year we can maybe reach 50k$ per bitcoin!


If the SEC is willing and approving ETFs , it will rock, as private investors and companys are able to invest with REAL money, and have an insurance through the bank.


this will cause a mainstream cashflow into cryptocurrencies, especially for bitcoin!
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