Author

Topic: Two catalysts that could decide Bitcoin’s direction in the next 30 days or so (Read 178 times)

sr. member
Activity: 882
Merit: 297
ETF declaration will give more negative view then positive view, as if ETF is confirm that it can be traded in futures through fiat currency, which means big whales will immediately put sell and try to bring market down so that panic will flow in market and then recover from bottom to more high.
member
Activity: 672
Merit: 29
I have my doubt about the South Korea regulations would affect majorly the global price of bitcoin but you are right about the bitcoin ETF I honestly feel that if this gets head way would revolutionalize the bitcoin industry for good
jr. member
Activity: 322
Merit: 1
I think to my own little knowledge, some of the catalysts that can fast track or decide bitcoin direction in the next 30 days is the implementation of the ETF, though some people are against it while some are in for it. But to my own little opinion, I think ETF will do it.
newbie
Activity: 71
Merit: 0
South Korean Regulation July 13 through July 26
https://cointelegraph.com/news/south-korean-regulators-to-introduce-new-rules-for-crypto-and-blockchain

US ETF on August 10 (though I heard it could be Aug 16th or later if delayed)
https://cryptovest.com/news/possible-bitcoin-etf-raises-market-hopes-as-us-sec-opens-public-discussion-for-cboe-fund-license/

If this ETF goes through, that will open the door for more.


These events might affect the pruice for the short run but in a long term perspective I think none of it can change the progressive nature of Bitcoin and it's natural growth in value.
full member
Activity: 223
Merit: 105
Utrum OOT
South Korean Regulation July 13 through July 26
https://cointelegraph.com/news/south-korean-regulators-to-introduce-new-rules-for-crypto-and-blockchain

US ETF on August 10 (though I heard it could be Aug 16th or later if delayed)
https://cryptovest.com/news/possible-bitcoin-etf-raises-market-hopes-as-us-sec-opens-public-discussion-for-cboe-fund-license/

If this ETF goes through, that will open the door for more.

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