yep. this is the plainest gamble of recent times. what i find really weird is so many people having already decided their position and what they're gonna do. whatever happens there's gonna be alot of happy and sad people in a few days.
personally i'd prefer to be riding overall trends if i was trading, not a split second happening.
Topic: The ETF situation is a definition of trading=gambling - page 2. (Read 1479 times)
So what we have now is a situation where a dip is expected if X event happens, and a price rally or even massive pump if X event happens...
We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.
So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?
I have no idea, it all comes down to luck, so good luck to you (and to me)
Gamble on the ETF decision, and a lot of FOMO bitcoin. make the price it looks like get a delusional pump. So we are on the FataMorgana of SEC approval. We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.
So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?
I have no idea, it all comes down to luck, so good luck to you (and to me)
Do you wanna selling some of your bitcoin at the top price before SEC decision?
Those that buy the rumor are in fact gambling. There is no other way to name it since you only depend on luck. But those that have positions in Bitcoin regardless of whatever happening, these people aren't gambling. They will just use an approved ETF in their benefit if the situation allows it. If there is no real market effect, then nothing is lost since they will hold their coins anyway.
Traders expectations on what will happen after news like what is about to happen that is ETF getting approval by sec is what drives assets market like bitcoin and forex. It is not a gambling but forecast! What traders will do is to just hearing what will happen either approved or not approved and market will take it direction. We are all waiting for bitcoin to pump up to $3000😊
The chances of approval are really slim at the moment but still the market is having high hopes that it will be executed and so is the reason the price of bitcoin has broken record levels in the past few weeks and if at all if ETF is approved it is rumored that more than 100 millions will be pumped into bitcoin in the first week and that could blow the charts for sure.Lets see how the decision will be.
Best thing right now could be selling half of your bitcoin and hold some fiat so you can either buy if ETF doesn't get approved by SEC or sell half if price get pumped after ETF approval. In situation like this just don't hold to many alts because for every small pump in bitcoin price, alts experiences a big dump.
Traders expectations on what will happen after news like what is about to happen that is ETF getting approval by sec is what drives assets market like bitcoin and forex. It is not a gambling but forecast! What traders will do is to just hearing what will happen either approved or not approved and market will take it direction. We are all waiting for bitcoin to pump up to $3000😊
it is not a gamble! that is the strangest conclusion that i have see anyone make of this situation.
it is a news and it has an effect on the market and people react to it. and this has nothing to do with gambling!
you can even predict these things. when market is filled with so many idiot newbies who react with fear they buy when people talk about ETF without knowing why and will sell when people stop talking about ETF without knowing why again.
and in the meanwhile those newbies say it is random while whales and other experience traders make profit.
it is a news and it has an effect on the market and people react to it. and this has nothing to do with gambling!
you can even predict these things. when market is filled with so many idiot newbies who react with fear they buy when people talk about ETF without knowing why and will sell when people stop talking about ETF without knowing why again.
and in the meanwhile those newbies say it is random while whales and other experience traders make profit.
So what we have now is a situation where a dip is expected if X event happens, and a price rally or even massive pump if X event happens...
We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.
So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?
I have no idea, it all comes down to luck, so good luck to you (and to me)
We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.
So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?
I have no idea, it all comes down to luck, so good luck to you (and to me)
Jump to: