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Topic: Price will not crash if the ETF is rejected - page 3. (Read 2530 times)

legendary
Activity: 2114
Merit: 1693
C.D.P.E.M
2017 price raise is nowhere near the 2011 and 2013 ones (from a few $ to 30 and then from a few hundred to 1100$).
I'm in for the long run, everytime i sold, it went up.

Not changing my strategy.
There is way to much FUD about the ETF.

People believe that the following day all the traders from wall street will be : BUY ALL .... not gonna happen overnight.
hero member
Activity: 1036
Merit: 520
I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

exactly.
and sadly many people don't even understand this. and they will soon lose a lot of money.

if you see the manipulators are setting up the groundwork right now. there are a lot of newbie accounts repeating $800 and $900 prices over and over in all the topics and then signature spammer idiots repeat them afterwards without knowing why.

soon there will be a dump and they all panic sell and price won't even go that far down but those idtiots sell and whales become richer once again.
legendary
Activity: 1400
Merit: 1001
It is hard to say that current ATH price of bitcoin is here to stay. At least now we know that it wasn't short lived bubble like that mad race in 2013.
But 'permanent' is just not a word you can find in bitcoin's glossary of terms, as far as we know price be get back to pre $800 level and no one will skip a beat.
It is obvious that high price is boosted by ETF drive, but the question is how much? Because there is no high chance for ETF approval in the first place.
sr. member
Activity: 392
Merit: 250
I expect 900-1000 range. Thats the bottom.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

Disregarding all the technical aspects related to ETF, bitcoin will grow even without that happening. Yes it's a big factor but just saying that bitcoin can established a good price with only community's support and it was proven since the commencement of operations of this crypto.

ETF hype already created lots of speculations whether it will increase the bitcoin price or not. The bottom line here is the people's view and how will they react to the market just like the halving speculations made last year.

Going back to reality, if ETF won't approved I see no price crash that will happen. Yes a correction price will established which is a good event after some huge price increase but it will not take the price to a considered "disappointment" price range.
legendary
Activity: 1372
Merit: 1252
I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.
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