Topic: ETF was over hyped! Nothing has happened! - page 2. (Read 249 times)
kung, if bitcoin hits 3k. it won't last more then a day. unless someone that fucking stupid to mass sell like an ape. i dont see the purpose. the difficulty is just 2 high. that it will all be tits up if it ever got that low.
People were hoping the ETF would trigger another bull run, which hasn't obviously occurred. However, in due time, the halving of BTC in the future will create more scarcity of BTC, which would lead to price increases. Not now, but perhaps by 2023, we could see a $160 000 ATH.
Someone posted the graph which could be a valid theory on the price of BTC for the future. I do not take credit for this, don't know who the original creator is.
https://i.imgur.com/RU4xemm.jpg
Someone posted the graph which could be a valid theory on the price of BTC for the future. I do not take credit for this, don't know who the original creator is.
https://i.imgur.com/RU4xemm.jpg
The problem is that a lot of people still believe that we are 'going to the moon' soon.
They are looking for events which could 'trigger another bullrun'. And if these events fail (e.g. ETF proposal) they spread FUD and believe the whole world is dying.
I hope these people finally may understand that there won't come a 'bull run' again in the short term. I am not even sure bitcoin has bottomed out yet.
I am confident that BTC will reach a new ATH. But i am also pretty sure that this won't happen in 2018 (and probably also not in 2019).
Calling a date would be pure speculation. But development and rising demand will increase the dollar-value of BTC for sure.
Bitcoin did never need an ETF to attract new user and will never do. Adoption is increasing steadily. And with all the progress in development and adoption, it is just a matter of time until the dollar-price of BTC breaks new records.
They are looking for events which could 'trigger another bullrun'. And if these events fail (e.g. ETF proposal) they spread FUD and believe the whole world is dying.
I hope these people finally may understand that there won't come a 'bull run' again in the short term. I am not even sure bitcoin has bottomed out yet.
I am confident that BTC will reach a new ATH. But i am also pretty sure that this won't happen in 2018 (and probably also not in 2019).
Calling a date would be pure speculation. But development and rising demand will increase the dollar-value of BTC for sure.
Bitcoin did never need an ETF to attract new user and will never do. Adoption is increasing steadily. And with all the progress in development and adoption, it is just a matter of time until the dollar-price of BTC breaks new records.
Finally, the ETF application for Bitcoin got rejected by the SEC. The market has remained the same. No drop in prices or whatsoever. So, why did people over hyped the ETF and almost made it look as if everything will collapse if the ETF is not approved?
There was no ETF approval for Bitcoin in December 2017 when Bitcoin recorded its all time high of $20,000. We should not over give credence to something when there is actually no real reason to. I am sure the experienced Bitcoin investors were never bothered about this ETF of a thing.
I guess we all are wiser now.
There was no ETF approval for Bitcoin in December 2017 when Bitcoin recorded its all time high of $20,000. We should not over give credence to something when there is actually no real reason to. I am sure the experienced Bitcoin investors were never bothered about this ETF of a thing.
I guess we all are wiser now.
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