Whether Bitcoin ETFs are approved or not, we expect bullish trend

Abiky

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Quote from: adultcrypto on November 09, 2023, 09:02:28 AM

You got this right, there have been bull run without ETF, so even if the ETF gets rejected, there will always be bull run. On a second thought, it is looking like the market makers are pushing the narratives of the ETF approval, their way of manipulating the market to their advantage. Whatever happens, we should hold on to our Bitcoin.

There is no doubt that many people will panic and sell off should the market start crashing if the Bitcoin ETF are rejected. This is normal but since we know that Bitcoin will always come out stronger, the wise thing to do is to buy more. To succeed in Bitcoin requires that we have confidence in it.

Prices are on the rise due to rumors of a spot Bitcoin ETF getting approved by the SEC. Not has been officially confirmed by the agency yet, but you know how it goes. If the SEC delays ETF applications again, you can expect the bullish season to come to a halt. At least, for a short period of time. Bitcoin has been known to obtain new ATHs in the past without an ETF. So it's likely BTC will do fine in the long run.

In case spot ETFs are approved by the SEC, market prices will never go below $26k ever again. There will be a massive bull run like you've never seen before. Your best bet would be to buy and "hodl" as much Bitcoin as possible before this happens. Who knows if you'll become the next Bitcoin millionaire in the future? Cheesy

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Quote from: hatshepsut93 on October 27, 2023, 06:50:12 PM

I too think there's no reason to be too disappointed if the ETF gets rejected, it's not like bullish cycles are tied to ETF - they are tied to the halvenings and the SEC has no rule over them. Maybe successful ETF application could boost the bullish sentiment and result in a more explosive bull run with higher highs, but even without it the price is projected to grow.

You got this right, there have been bull run without ETF, so even if the ETF gets rejected, there will always be bull run. On a second thought, it is looking like the market makers are pushing the narratives of the ETF approval, their way of manipulating the market to their advantage. Whatever happens, we should hold on to our Bitcoin.

There is no doubt that many people will panic and sell off should the market start crashing if the Bitcoin ETF are rejected. This is normal but since we know that Bitcoin will always come out stronger, the wise thing to do is to buy more. To succeed in Bitcoin requires that we have confidence in it.

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Quote from: GigaBit on October 27, 2023, 01:18:59 PM

A crypto investor, Crypto Tony, believes that since the market is often controlled by large investors, market conditions can change at any time. A temporary increase in the price of Bitcoin may be a strategy used to increase liquidity in the market. That is why he wanted to know the opinion of his followers on the X twitter platform for the purpose of investors.

Tony thinks people are blindly investing because Bitcoin ETFs will be approved, what if it isn't? Some disagreed with his statement, saying they felt the SEC was too late to approve Bitcoin ETFs, and that is why they would approve the ETFs. Crypto Simon, a famous trader who agree with Tony, shares the same view that if ETFs are not approved, there could be a big fall in cryptocurrencies, which he believes everyone should be prepared in advance.

The earlier we realized that influencers or investors opinion doesn't have power to do anything about bitcoin moves, the better for everyone. Everyone knows what is happening behind the scene of Bitcoin and the rich men behind spot ETF, they are strong people that uphold so many wealth like Microsoft and apple shares but l have never for think for once they are the key to.the next bull run, they can be influencing to bitcoin since they control the traditional market but I don't believe them when they say anything good about bitcoin, that was how Elon was pushing it the last time only to come and exit payment in Tesla after selling his sats on the low.

For the influencers that are already pushing the narrative of bitcoin will do this and that, better lower your expectations because we might not really make big moves like we did in the past but rest assured that bitcoin will make some moves but making it as if it's a guarantee is very misleading. Remember that we had lot large investors and institutionals that are waiting for it to reach a certain price so they can offload. We might a not even see big moves that much but perhaps after the halving after the fake pump.

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While the approval of Bitcoin ETFs may have short-term effects on the market, it's important to remember that Bitcoin's value is influenced by a myriad of factors, including adoption, demand, and macroeconomic conditions. Crypto markets are known for their volatility, and it's wise for investors to diversify their strategies and not solely rely on ETF approvals. Being prepared for various scenarios, like market fluctuations or the potential halving event in 2024, is essential for any crypto investor.

2Pizza410000BTC

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Quote from: GigaBit on October 27, 2023, 01:18:59 PM

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

You can be sure that Bitcoin ETF will be approved in January 2024 and that the Bitcoin market will be bullish. All of these problems with Bitcoin seem completely dramatic to me. But those of you who think Bitcoin market will not be bullish in 2024 because of ETF are totally wrong, you can be sure that in January 2024 all Bitcoin ETF will be approved and Bitcoin market will be bullish. Even if Bitcoin ETF are not approved, the Bitcoin market will continue to boom. Bitcoin market currently stands at $36860. We may see Bitcoin market within $40,000 very soon.

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Quote from: Mauser on November 04, 2023, 02:08:47 PM

Quote from: GigaBit on October 27, 2023, 01:18:59 PM

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

Bitcoin ETFs are just one small part of the bitcoin universe, I don't think they alone can push bitcoin to a new ATH. It's definitely some positive Impulse for the bitcoin price if the ETFs get approved, but I think the halving that is coming next year is going to be more important. The bitcoin price already made a jump last month and we shouldn't expect too much of it for the next two months. The important thing with the bitcoin ETFs is that it shows us there is a lot of demand from investors to participate in the crypto markets. It's going to be just a matter of time for the new products to come to the market and be successful. As long as there is demand the financial service industry will find ways to give the investors what they want. I am definitely bullish for 2024 and wouldn't consider selling any coins in the meantime.

I do not know, I really think that the approval of Bitcoin ETF could bring on its own a new ATH, just the fake rumors that circulated for a few hours were enough to make the price to grow very rapidly, if it was confirmed this was true and that more ETFs were coming then the price of bitcoin will grow at an astonishing speed, however I am fine with an ETF not being approved yet, as if this were to happen once the halving took place then the effect of a news like that should be even bigger.

simonova

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There had been many incidences when various news related to crypto which could move prices up turned out to be false. But where do you see bitcoin prices ? It has been moving up steadily for last 10 years. This trend will continue in future also and those who are here for long term will make the maximum profits. Traders will not only incur loss but will always remain tensed with frequent ups and downs in bitcoin prices.

Abiky

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Quote from: Marvell1 on November 02, 2023, 04:02:24 AM

This is of course, because in 15 years of existence and development, bitcoin did not need any ETF and it could also increase from $0.10 to $69 thousand. So, even without ETF approval, bitcoin will continue to grow and become more popular. At the end of the day, an ETF doesn't really do anything for bitcoin as it just makes bitcoin more centralized, but it will have a positive impact on investor sentiment. This can help bitcoin value grow better and we can make better profits.

ETFs were never part of the plan. They're only a means to help introduce mainstream investors (particularly, institutional investors) into Bitcoin. With the approval of a spot ETF for Bitcoin, the crypto/Blockchain industry will have some sort of legitimacy. But this would come at a risk of higher centralization in the long run. Bitcoin was created as a response of banks' failures in 2008 (which resulted in a big financial crisis). The whole idea was to eliminate the middleman which was known to bring manipulation, corruption, and fraud into the economic system.

By bringing "Wall Street" into Bitcoin, we're embracing banks with open arms. It's not what Satoshi wanted in the first place, but there's nothing we can do about it. Especially if we want market prices to go up. With the approval of Bitcoin spot ETFs, subsequent block reward halvings, and increasing government acceptance, it should only be a matter of time before the market turns bullish again. Buying BTC now, could be your best bet of striking it rich in the future. Ultimately, it's all about utility (not the price). As long as Bitcoin does the job it's supposed to, there should be nothing to worry about. Wink

Mauser

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Quote from: GigaBit on October 27, 2023, 01:18:59 PM

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

Bitcoin ETFs are just one small part of the bitcoin universe, I don't think they alone can push bitcoin to a new ATH. It's definitely some positive Impulse for the bitcoin price if the ETFs get approved, but I think the halving that is coming next year is going to be more important. The bitcoin price already made a jump last month and we shouldn't expect too much of it for the next two months. The important thing with the bitcoin ETFs is that it shows us there is a lot of demand from investors to participate in the crypto markets. It's going to be just a matter of time for the new products to come to the market and be successful. As long as there is demand the financial service industry will find ways to give the investors what they want. I am definitely bullish for 2024 and wouldn't consider selling any coins in the meantime.

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Quote from: AmoreJaz on October 29, 2023, 06:58:50 PM

Quote from: kryptqnick on October 29, 2023, 11:19:26 AM

I expect Bitcoin to go properly bullish (as in, gain value really fast, leading up to a new ATH along the way) one year from now. That's based purely on analysis of previous bullish markets, but it's dubious and can be interpreted in different ways, I realize that. A sudden ETF approval may speed up the process and boost the price, although I don't think it would be enough to drive the market all the way to the new ATH. Another ETF rejection would likely have some negative impact, but I think it would only be temporary and fairly mild. So I don't think it's a big deal.

as we have seen thru the years of this market, we can never be sure when will we see this new ATH. combination of various factors will influence the path for this new price level.
now, when it comes to btc ETF, it may have slight influence but it doesn't really give a high rally in the price.

Certainly never know when it comes but most of us believe in a 4-year cycle where we are expecting another ATH. Not this year, not next year but we are expecting it by 2025. Maybe I can be wrong and maybe my assumptions are right which is why I don't think about ATH because it was too early. The price increase of Bitcoin is still temporary, probably someday we experience another drop, and the price stuck.
People are spreading rumors about ETF approval but it never has a huge impact on the market price that is why I don't make it a reason to see a bullish market when the halving is not yet happened.

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Quote from: Abiky on November 01, 2023, 09:55:35 AM

Quote from: BALIK on October 31, 2023, 07:45:02 AM

Although I agree with what the OP said, whether there is an ETF or not, bitcoin will still increase in price and we will still enter the bull season after the halving. But you're right, the question about ETFs is no longer "if", the question is "when" will it be approved, ETFs are inevitable and will definitely happen. Even if the SEC continues to delay, funds and institutions will continue to amend their ETF proposals until the SEC has to accept. To me, ETFs are already part of the market even though they haven't been officially approved.

A spot ETF is inevitable. There's a lot of serious investors who'd want to pour money into the crypto market. I'm sure the US government won't want to miss this huge opportunity. Otherwise, other countries "will eat its cake". If Hong Kong (China) and the UAE are opening their arms to crypto/Blockchain tech, why would the US want to be left behind in the dust?

Once the SEC gives the "green light" for a spot Bitcoin ETF, there should be nothing stopping market prices from rising like crazy. I believe this will revive the hype. If you're smart, you'd buy as much BTC as you can before this happens. Remember, "the early bird catches the worm". Who knows if you'll become the next Bitcoin millionaire once "bulls" take control of the market again? Wink

I don't really care too much about how ETFs will benefit bitcoin in the future because we're doing just fine without it. My only concern is that I see people are excited about the ETFs and I'm looking forward to when it gets approved, it will help bitcoin go higher than we expected and could give us better returns, which is the only thing I expect with the ETF.

ETFs may affect the decentralization of bitcoin, but it is something we cannot avoid, you are right. So instead of hating it, we should accept it and take advantage of the opportunities it brings to achieve our profit goals.

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Quote from: SquirrelJulietGarden on October 30, 2023, 09:09:57 AM

Quote from: Marvell1 on October 30, 2023, 05:58:36 AM

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I can not disagree that Bitcoin Spot ETF is important but Bitcoin will still grow up without Bitcoin Spot ETF.

This is of course, because in 15 years of existence and development, bitcoin did not need any ETF and it could also increase from $0.10 to $69 thousand. So, even without ETF approval, bitcoin will continue to grow and become more popular. At the end of the day, an ETF doesn't really do anything for bitcoin as it just makes bitcoin more centralized, but it will have a positive impact on investor sentiment. This can help bitcoin value grow better and we can make better profits.

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Quote from: Distinctin on October 30, 2023, 10:22:54 AM

People tend to forget that bitcoin price moves mysteriously. Whether there’s a factor that affects bitcoin or not, it’s price will definitely head to into a bullish trend no matter what. Bitcoin’s fate is to grow its price and be bullish, so it will certainly happen in time.

So I don't know why you say it moves mysteriously. It moves logically, very logically upwards but with volatility, of course. Its unique properties such as the total limit to production and decentralisation are what make it go up over the long term with a certain regularity in the cycles. I don't see anything magical about that.

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Quote from: hatshepsut93 on October 27, 2023, 06:50:12 PM

I too think there's no reason to be too disappointed if the ETF gets rejected, it's not like bullish cycles are tied to ETF - they are tied to the halvenings and the SEC has no rule over them. Maybe successful ETF application could boost the bullish sentiment and result in a more explosive bull run with higher highs, but even without it the price is projected to grow.

But it's a welcoming one if ETF gets approved because many people that have projected the price at a specific time would get the number wrong because the price that they predicted might happen earlier and when that happens then we can assume that bitcoin's price will continue to go up more than we expect and that would mean more profits for everyone hodling their bitcoin.

Abiky

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Quote from: BALIK on October 31, 2023, 07:45:02 AM

Although I agree with what the OP said, whether there is an ETF or not, bitcoin will still increase in price and we will still enter the bull season after the halving. But you're right, the question about ETFs is no longer "if", the question is "when" will it be approved, ETFs are inevitable and will definitely happen. Even if the SEC continues to delay, funds and institutions will continue to amend their ETF proposals until the SEC has to accept. To me, ETFs are already part of the market even though they haven't been officially approved.

A spot ETF is inevitable. There's a lot of serious investors who'd want to pour money into the crypto market. I'm sure the US government won't want to miss this huge opportunity. Otherwise, other countries "will eat its cake". If Hong Kong (China) and the UAE are opening their arms to crypto/Blockchain tech, why would the US want to be left behind in the dust?

Once the SEC gives the "green light" for a spot Bitcoin ETF, there should be nothing stopping market prices from rising like crazy. I believe this will revive the hype. If you're smart, you'd buy as much BTC as you can before this happens. Remember, "the early bird catches the worm". Who knows if you'll become the next Bitcoin millionaire once "bulls" take control of the market again? Wink

BALIK

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Quote from: Abiky on October 31, 2023, 07:00:48 AM

Quote from: GigaBit on October 27, 2023, 01:18:59 PM

A crypto investor, Crypto Tony, believes that since the market is often controlled by large investors, market conditions can change at any time. A temporary increase in the price of Bitcoin may be a strategy used to increase liquidity in the market. That is why he wanted to know the opinion of his followers on the X twitter platform for the purpose of investors.

Tony thinks people are blindly investing because Bitcoin ETFs will be approved, what if it isn't? Some disagreed with his statement, saying they felt the SEC was too late to approve Bitcoin ETFs, and that is why they would approve the ETFs. Crypto Simon, a famous trader who agree with Tony, shares the same view that if ETFs are not approved, there could be a big fall in cryptocurrencies, which he believes everyone should be prepared in advance.

Bitcoin reached its highest price in the last 1 year and four months with its price rising above $35000. However, Bitcoin has been quite bullish recently based on a fake news story about ETFs Approval. Despite the rumors, Bitcoin movement still in bullish trend.

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

Bitcoin had experienced "pumps" way before crypto ETFs were announced. I'm sure it will do fine if the SEC decides to delay the spot application again. The halving event, combined with the (hopeful) approval of a spot ETF by the SEC, should lead BTC all the way to "Mars". The question is not "IF" it will happen, but rather "WHEN". You can see prices are beginning to rise even when there hasn't been an official confirmation by the US regulatory agency. Imagine how far BTC will go once institutional investors join the game.

Keep in mind that BTC was initially created as an alternative digital currency to Fiat. Not a store of value. It's just that "Wall Street" changed people's perception about it. Decentralization is what matters above all else. As long as Bitcoin stays that way, there should be nothing to worry about. Wink

Although I agree with what the OP said, whether there is an ETF or not, bitcoin will still increase in price and we will still enter the bull season after the halving. But you're right, the question about ETFs is no longer "if", the question is "when" will it be approved, ETFs are inevitable and will definitely happen. Even if the SEC continues to delay, funds and institutions will continue to amend their ETF proposals until the SEC has to accept. To me, ETFs are already part of the market even though they haven't been officially approved.

Abiky

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Quote from: GigaBit on October 27, 2023, 01:18:59 PM

A crypto investor, Crypto Tony, believes that since the market is often controlled by large investors, market conditions can change at any time. A temporary increase in the price of Bitcoin may be a strategy used to increase liquidity in the market. That is why he wanted to know the opinion of his followers on the X twitter platform for the purpose of investors.

Tony thinks people are blindly investing because Bitcoin ETFs will be approved, what if it isn't? Some disagreed with his statement, saying they felt the SEC was too late to approve Bitcoin ETFs, and that is why they would approve the ETFs. Crypto Simon, a famous trader who agree with Tony, shares the same view that if ETFs are not approved, there could be a big fall in cryptocurrencies, which he believes everyone should be prepared in advance.

Bitcoin reached its highest price in the last 1 year and four months with its price rising above $35000. However, Bitcoin has been quite bullish recently based on a fake news story about ETFs Approval. Despite the rumors, Bitcoin movement still in bullish trend.

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

Bitcoin had experienced "pumps" way before crypto ETFs were announced. I'm sure it will do fine if the SEC decides to delay the spot application again. The halving event, combined with the (hopeful) approval of a spot ETF by the SEC, should lead BTC all the way to "Mars". The question is not "IF" it will happen, but rather "WHEN". You can see prices are beginning to rise even when there hasn't been an official confirmation by the US regulatory agency. Imagine how far BTC will go once institutional investors join the game.

Keep in mind that BTC was initially created as an alternative digital currency to Fiat. Not a store of value. It's just that "Wall Street" changed people's perception about it. Decentralization is what matters above all else. As long as Bitcoin stays that way, there should be nothing to worry about. Wink

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Quote from: mk4 on October 27, 2023, 09:20:56 PM

Who the heck knows what will cause bitcoin’s price to go up in the end? Too much people are betting on the halving and the ETF. What if bitcoin doesn’t immediately pump after these events? Bet longterm.

People tend to forget that bitcoin price moves mysteriously. Whether there’s a factor that affects bitcoin or not, it’s price will definitely head to into a bullish trend no matter what. Bitcoin’s fate is to grow its price and be bullish, so it will certainly happen in time.

However, I also believe that if this bitcoin ETF will be approved sooner, then we will see a more bullish price earlier. But if not, of course bitcoin will still be bullish but maybe a couple of months after the bitcoin halving.

Antotena

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Bitcoin has always been bullish with or without them, they are institutional investors that find their ways to drive adoption inside bitcoin which is fine but I don't see anything special about this ETF. It will even make bitcoin to be more speculative and centralized by the ETF holders and since they don't even hold the main bitcoin, they don't really care about bitcoin, they make the noise to make their investment bigger and sell when they wish.

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Quote from: GigaBit on October 27, 2023, 01:18:59 PM

A crypto investor, Crypto Tony, believes that since the market is often controlled by large investors, market conditions can change at any time. A temporary increase in the price of Bitcoin may be a strategy used to increase liquidity in the market. That is why he wanted to know the opinion of his followers on the X twitter platform for the purpose of investors.

Tony thinks people are blindly investing because Bitcoin ETFs will be approved, what if it isn't? Some disagreed with his statement, saying they felt the SEC was too late to approve Bitcoin ETFs, and that is why they would approve the ETFs. Crypto Simon, a famous trader who agree with Tony, shares the same view that if ETFs are not approved, there could be a big fall in cryptocurrencies, which he believes everyone should be prepared in advance.

Bitcoin reached its highest price in the last 1 year and four months with its price rising above $35000. However, Bitcoin has been quite bullish recently based on a fake news story about ETFs Approval. Despite the rumors, Bitcoin movement still in bullish trend.

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

For what reason though? Bitcoin's volatile and all that stuff yes, but it's not illogical, the pump from then on until now have been warranted and have been sustained by events that lead to it pumping the price, bitcoin can't just pump its value whenever it so pleases, it doesn't work that way lol. The ETF isn't necessarily a fake news either as it has been found to be true anyway later on, or at least news about it surfacing a little later than what the whole industry has expected. I suspect that once the hype around this ETF subsides, we'll probably get back to the 30k ball park once again, probably even dump as it's been like that every time we enter a new bull season. We expect bitcoin to drop a little lower for the first couple of months only for it to pump like crazy once it gains back its momentum.

Topic: Whether Bitcoin ETFs are approved or not, we expect bullish trend (Read 594 times)