I just want to add that it has been denied, at which point it dropped but then recovered again:
https://www.cnbc.com/2018/07/27/bitcoin-loses-steam-after-sec-denies-winklevoss-etf.html
The rally seems to have stopped though, so the mini bull run really could have been about the hyped up chances of the SEC approving the Winklevoss Twins' Bitcoin ETF. It did seem to rejuvenate the market, so I'm kind of optimistic that the $8k price range could be maintained.
Topic: The next trend of bitcoin? - page 5. (Read 743 times)
Bitcoin price will go up, just before the crisis. Smart people will buy crypto instead of fiat. We are in a few months before the financial crisis and that could happen at any day.
Yes, institutional investors will be coming through slowly. Might take a few years but they will be coming through. So it will be a positive impact to the value.
Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?
In addition to this news, it was said that the MasterCard plans to connect to the crypto currency. I personally read the news on the site. A lot of news in support of the growth of bitcoin prices. So we believe and wait
Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?
the first ETF has been rejectedthis isnt the one that everyone was waiting for tho
this is the WinkleVoss one.
Market always got affect and fear with bad news but it will recover soon or later. I don't worry about it
true, btc only need support komonitas investor because btc can not stop anyone, btc always have price fluctuation when bad news crypto popping up
I think the chances of the ETF getting approved are extremely low. The US Government isn't going to want to have to deal with all the potential losses that could lead from scams. They are going to reject the proposal again, and we are going to have a dip, noobs will panic sell and smart money will quickly buy the dip and in a couple of days we'll be back again.
Maybe one day noobs will learn that we don't need ETF or Futures for Bitcoin. By then the dips after the rejections will not happen since there will be no noobs to profit from as they stay on BTC.
I agree with this, after researching a little bit more it seems the enthusiasm over bitcoin ETFs seems to be great but do you think that is going to be enough to change the mind of the SEC? No, they do not care what people think they only care about protecting their self interests, we must understand that the market of cryptocurrencies is one of the riskiest all over the world and that even while some people get great profits those profits do not come free, someone has to lose money, adding more people in an artificial way will only add gasoline to the fire and will cause many complains among the investors. Maybe one day noobs will learn that we don't need ETF or Futures for Bitcoin. By then the dips after the rejections will not happen since there will be no noobs to profit from as they stay on BTC.
Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?
I think the chances of the ETF getting approved are extremely low. The US Government isn't going to want to have to deal with all the potential losses that could lead from scams. They are going to reject the proposal again, and we are going to have a dip, noobs will panic sell and smart money will quickly buy the dip and in a couple of days we'll be back again.
Maybe one day noobs will learn that we don't need ETF or Futures for Bitcoin. By then the dips after the rejections will not happen since there will be no noobs to profit from as they stay on BTC.
Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?
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