Topic: CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode,’ Citing ETF Buzz - page 2. (Read 379 times)
October 10, 2018, 09:45:41 PM
Yea it's going to explode into the ground, actually it's working on that right now.
October 10, 2018, 09:07:37 PM
He sounds like an idiot.I don't see what makes the bitcoin price explosion so obvious?The SEC won't approve bitcoin,why does he think that it will approve it?Does he think that the "ETF HYPE" will strike the crypto traders again?I don't believe that the people inside the crypto community are that stupid.
Well it can't be denied that there's still a lot of hype. People are still hopelessly pushing for it. That being said, I don't think people will be mass buying Bitcoin until approval is basically a done deal. The market has been led on for too long and has already been punished for banking on hype.
Come to think of it, is it possible that the current stable state of the market will contribute to future decisions? Instability was a factor for rejection right?
But yeah I think it's pretty stupid to buy only because you're expecting an explosion.
October 10, 2018, 06:50:38 AM
Quote
“I just bought bitcoin for my parents. It’s too obvious that it’s about to explode,” Neuner tweeted on October 7.
He sounds like an idiot.I don't see what makes the bitcoin price explosion so obvious?The SEC won't approve bitcoin,why does he think that it will approve it?Does he think that the "ETF HYPE" will strike the crypto traders again?I don't believe that the people inside the crypto community are that stupid.
October 10, 2018, 02:28:06 AM
It's certainly possible. There have been recent developments on the SEC's end that make future ETF approvals a little more likely. I'm still not convinced it's going to happen, but it does seem like a price surge (a la $6k to $8k, which started this frenzy) is on the horizon at this rate.
This never ending buzz on ETFs is ridiculous though. People either really think that an ETF approval is imminent or they're desperate to break out of the bear market.
This never ending buzz on ETFs is ridiculous though. People either really think that an ETF approval is imminent or they're desperate to break out of the bear market.
October 10, 2018, 02:01:14 AM
In any case, growth will be as the market is always red. There can be no question of when this period will begin. How many people will still have time to give up on the critical currency.
October 10, 2018, 01:08:31 AM
Obviously everyone is jumping on the bandwagon about the ETF and we have heard a lot of media saying that it will bring institutional money in the market and could probably end this bear market. However, majority of us get tired of hearing all this ETF's news around so I'll just wait if everything really "explodes", or better yet, better to accumulate today and wait for the actual event (if it happen).
October 10, 2018, 12:55:32 AM
CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode,’ Citing ETF Buzz
Cryptocurrency analyst Ran Neuner — host of the CNBC show Crypto Trader — believes BTC prices are “about to explode,” citing bullish market buzz about the near-term possibility of an SEC-approved bitcoin ETF.
“I just bought bitcoin for my parents. It’s too obvious that it’s about to explode,” Neuner tweeted on October 7.
Neuner said the mounting expectation that the Securities and Exchange Commission could soon approve a bitcoin ETF could send prices through the roof.
Countdown To SEC Deadline
Neuner, the CEO of crypto investment firm Onchain Capital, noted that around this time last year, BTC surged on reports that a cash-settled futures contract would launch.
Neuner reasoned that SEC approval of a bitcoin ETF would be much bigger news than a futures contract, and would have a more dramatic impact on the market.
CNBC crypto trader ran neuner
Ran Neuner is bullish about bitcoin. Credit: CNBC
“Last year, around this time, BTC went from $6,691 (Nov. 11) to $20,000 (Dec. 17) in 5 weeks,” Neuner tweeted. “This on the back of the expectation and launch of a cash settlement BTC futures contract.”
He continued: “An ETF is a way bigger deal and requires actual purchase of BTC. 2 looming SEC decision deadlines ahead.”
https://www.ccn.com/cnbc-analyst-predicts-bitcoin-price-is-about-to-explode-citing-etf-buzz/
Cryptocurrency analyst Ran Neuner — host of the CNBC show Crypto Trader — believes BTC prices are “about to explode,” citing bullish market buzz about the near-term possibility of an SEC-approved bitcoin ETF.
“I just bought bitcoin for my parents. It’s too obvious that it’s about to explode,” Neuner tweeted on October 7.
Neuner said the mounting expectation that the Securities and Exchange Commission could soon approve a bitcoin ETF could send prices through the roof.
Countdown To SEC Deadline
Neuner, the CEO of crypto investment firm Onchain Capital, noted that around this time last year, BTC surged on reports that a cash-settled futures contract would launch.
Neuner reasoned that SEC approval of a bitcoin ETF would be much bigger news than a futures contract, and would have a more dramatic impact on the market.
CNBC crypto trader ran neuner
Ran Neuner is bullish about bitcoin. Credit: CNBC
“Last year, around this time, BTC went from $6,691 (Nov. 11) to $20,000 (Dec. 17) in 5 weeks,” Neuner tweeted. “This on the back of the expectation and launch of a cash settlement BTC futures contract.”
He continued: “An ETF is a way bigger deal and requires actual purchase of BTC. 2 looming SEC decision deadlines ahead.”
https://www.ccn.com/cnbc-analyst-predicts-bitcoin-price-is-about-to-explode-citing-etf-buzz/
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