Ouch! The price may fall to $551 if the SEC rules against the ETF? And I thought the PBOC stuff was bad!
This is extremely pessimist, we have a lot of supports and hungry buyers waiting to buy at these prices, plus Bitcoin is becoming more and more resilient. So don't panic, buy and HODL
buy buy buy!!!
Always has been, at ANY price
It's a bullish comic relief so it's welcomed, thank you for the share our dear Kehtolo, nice to see you back (I'm sorry if this is the first time for you, but I somehow recall you are a precious member of our family, if not, you are already
)
Awww staahp... you're too nice! Cheers.. keep up the bullish vibes.
I'm always lurking somewhere..
"Your vibes attract your tribes!"
You've said it, "Your vibes attract your tribes!" and "Good people attract Awesome people like you
"
Ouch! The price may fall to $551 if the SEC rules against the ETF? And I thought the PBOC stuff was bad!
That is a strange assessment Rogerwilco.
It is as if you are giving too much weight to the possibility of $551 - when the fact of the matter is that there is nothing really certain and there are a whole hell of a lot of factors at play that are pushing prices in both direction. There are also possibilities of zero and there are possibilities of going below $200, but we do not give those possibilities a lot of weight because they are seemingly increasingly low - just like the theory that prices may fall to $551 if the ETF fails to pass.
Let's say that the latest probabilities of the ETF passing of 40% is more or less correct, and the ETF in fact does not pass, even though 40% of folks were expecting it to pass, we could get a dump of BTC, but then again, we might not get anything because it is possible that maybe these latest upward BTC price pressures and pumps are not in anticipation of the ETF approval, but merely overall optimism about bitcoin overall
I personally could appreciate a dump down into the lower $900s based on a non passage of the ETF - but I have trouble seeing how such news (absent some other big negative BTC news or big FUD spreading) would cause breakage in the support that is in the $800s, $700s, $600s, that would be required to get prices to the mid $500s... just seems in the less than 5% probability territory (at this time, as I type).
Lets think about it JJG.
1. ETF Website
(Up-to-date).
2. ETF Logo.
3. Official Twitter account created less than 48 hours from the time of writing this reply.
4. Agreements with top-notch finical companies.
All of this and more, and in last we have no ETF ? Really ?