At the moment, even the decision of the ETF is not able to significantly affect the price of Bitcoin.
Of course, if ETF accepts Bitcoin, then this will improve people's attitude towards it, but in the near future, in my opinion, it will not be able to significantly raise the price of Bitcoin. I think that the interest of large investors is involved here and they are interested in buying Bitcoin at low prices.
If the ETF Bitcoin is not accepted, then it will reduce the price for it but still the price will not fall below a certain limit (I assume that this is an area of 2900$).
That is, in general, I agree with your opinion and after some time the situation in the market will change for the better anyway.
And in the light of recent events with the US government, there is a high probability that all decisions on ETF Bitcoin, as well as the launch of Bakkt, will not be made soon.
Topic: January...The Next Few Weeks Will Be Crucial - page 3. (Read 2174 times)
When people saw the opportunities bitcoin could offer they suddenly jump in to it. A sudden interest brought about a very fast rise on its value until people suddenly realize it was going no where but down again. Yet hope still comes in to get bitcoin up a little and then goes down again until now. When it sits on the real bottom for now it is still awaiting changes and hopes of an all time high again could be expected. So I think this year could be a very decisive one. May be the next year could be clear enough and we will know where we will be heading.
Many people think that this year there will be a high increase in bitcoin prices because in 2018 bitcoin always drops in price and there is no visible increase in prices. Indeed, a few weeks or a few months ahead in 2019 is very important for us to see the movement of bitcoin prices, the long wait during 2018 is expected to be completed this year and bitcoin is again experiencing price increases.
and that would happen, since the rise of cryptocurrency this year is important to say that maybe next weeks or the month of the febuary. how difficult it is to predict when the market price increase and ETF approval has not been until now has passed several months before trading can get better.
Don't treat the coming days will be a stressful days for crypto, instead to think that there is another opportunities Coming around. Considering the fact that crypto is a decentralized market and even ETF will be approved still it won't make change with the system. I think that now the cryptocurrency is purchased by the whales, because at the end of February the SEC will say its decision on futures. This may cause the market to go up to growth or drown it by minus 50%.
i can't see any way for bitcoin to reduce by minus 50% by the end of february. That would mean a price of less than 2 thousand dollars per bitcoin which is out of the question. whatever happens, the whales will keep bitcoin above 3 thousand dollars.
and that would happen, since the rise of cryptocurrency this year is important to say that maybe next weeks or the month of the febuary. how difficult it is to predict when the market price increase and ETF approval has not been until now has passed several months before trading can get better.
in bitcoin investment, uncertainty is absolute, there are many factors that will affect prices, besides what you explain, for now it can be said that trust in bitcoin has diminished, especially regarding ICO, the number of failed ICOs seems to be fraudulent, many complaints I read in the telegram group, there are too many FUDs at the moment, and what is certain is investor disappointment with the market at the end of last year worsening this situation.
For some weeks it has been said that the launch of the BAKKT platform will probably be postponed.
Now we are close to the theoretical launch date but there is still no official news!
What do you think will happen?
That means this month is not a crucial time for bitcoin. because that moment is postponed. maybe next month BAKKT will be Now we are close to the theoretical launch date but there is still no official news!
What do you think will happen?
announced. and next month can be a crucial time for bitcoin. lets wait and see.
As I'm ever mentioned before, 2019 the market will reveal it's true identity so all we can do is wait for happen.
Personally I've prepare the worst because it highly chance to downtrend because the resistance keep down over past 6 month
Even in the past the market always shows the downtrend for a long time after a huge rally and in my view this is the same situation now and we will see some sort of rally by the end of this year and the trend will move in a positive direction and after the halving the market will move to a much better price range and by 2021 the price will rally to an all time high, that is what i expect and that is what i really hope to happen. Personally I've prepare the worst because it highly chance to downtrend because the resistance keep down over past 6 month
if you mean the dip by the word Crucial - well, the whole 2019 will be crucial.
For some weeks it has been said that the launch of the BAKKT platform will probably be postponed.
Now we are close to the theoretical launch date but there is still no official news!
What do you think will happen?
That means this month is not a crucial time for bitcoin. because that moment is postponed. maybe next month BAKKT will be Now we are close to the theoretical launch date but there is still no official news!
What do you think will happen?
announced. and next month can be a crucial time for bitcoin. lets wait and see.
To this day, the crypto market still looks stable and a large increase has not occurred. We still survive and wait for the bull. Maybe this situation will last for several months ahead, there are no signs for positive news.
The market has shown great resistance to the long bear market of late and this is one assurance that 2019 has great news for Bitcoin and the entire crypto community. There are new developments such as the ETH hard fork and improvement in the Lighting Network which will also cause a significant boost in the market. For some weeks it has been said that the launch of the BAKKT platform will probably be postponed.
Now we are close to the theoretical launch date but there is still no official news!
What do you think will happen?
That means this month is not a crucial time for bitcoin. because that moment is postponed. maybe next month BAKKT will be Now we are close to the theoretical launch date but there is still no official news!
What do you think will happen?
announced. and next month can be a crucial time for bitcoin. lets wait and see.
I think whatever happens to approval of ETF and the launching of BAKKT, the effects on bitcoin prkce might be minimal. The big-time investors or whales will have the final say whether the bitcoin will going to moon or not. If these influential investors decide to push the market up, they will going to do it anytime because they have the resources.
There is a 4-year period of the January fall in the value of the BTC, yes February will give a new impetus, but maybe we’ll go below $ 3k
Yes, the first month of the year is very important for Bitcoin and cryptocurrency in general. Now we already see that practically no price movement occurs and this is not very good, since the market stagnation may still be delayed indefinitely. Perhaps, as always, we should expect the second half of February, when the Chinese New Year holidays are over.
At the beginning of each year, a traditional decline in cryptocurrency prices usually occurs, but this coming year is special. After all, the previous one was completely bearish, and even at the end of the year there was no usual rise of the market. While it is difficult to say what will happen to the prices of cryptocurrency on.
At the beginning of each year, a traditional decline in cryptocurrency prices usually occurs, but this coming year is special. After all, the previous one was completely bearish, and even at the end of the year there was no usual rise of the market. While it is difficult to say what will happen to the prices of cryptocurrency on.
Hopefully in the next few months, cryptocurrency can provide something good and can provide a lot of benefits because currently the cryptocurrency price is too severe and the fall is too deep.
The problem is that the head of the White House sent the federal government to the "shutdown". During the "shutdown" continue to work only those civil servants whose position, according to US law, is considered "critical."
That is, the work of the ETF is also suspended. Accordingly, they will not be able to make any decision at this time. An exception will be only if the decision on this issue was made before the moment "shutdown" was installed. But I strongly doubt it.
So most likely this decision we will have to wait even longer than we all expected. In any case, even if the decision of the commission is negative, this is not a reason to worry much. It will take some time and the price of Bitcoin will recover and continue to grow.
That is, the work of the ETF is also suspended. Accordingly, they will not be able to make any decision at this time. An exception will be only if the decision on this issue was made before the moment "shutdown" was installed. But I strongly doubt it.
So most likely this decision we will have to wait even longer than we all expected. In any case, even if the decision of the commission is negative, this is not a reason to worry much. It will take some time and the price of Bitcoin will recover and continue to grow.
As I'm ever mentioned before, 2019 the market will reveal it's true identity so all we can do is wait for happen.
Personally I've prepare the worst because it highly chance to downtrend because the resistance keep down over past 6 month
Personally I've prepare the worst because it highly chance to downtrend because the resistance keep down over past 6 month
In the region of 3000 there are huge buckets of hamsters and small investors, so the "whales" drove the course upwards so that they would not pour in all these buckets and then drag this whole crowd upwards. In addition, the entire infrastructure for entry of large-scale investors is ready and this pump should be a push for investors to enter the market. It is not by chance that the “Krupnyak” has brought in not a few means to build this infrastructure. I have no other arguments in favor of a trend reversal, and I myself am inclined to believe that this rebound is temporary.
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