Whether Bitcoin ETFs are approved or not, we expect bullish trend - page 2.

SquirrelJulietGarden

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

Bitcoin could still rise in price and reach new ATH even without an ETF, but underestimating ETFs and their impact would be a mistake. Last week we had fake news about an ETF being approved and bitcoin also reacted quite well, and in the past week with some positive news related to ETFs, the market is very bullish. So I think if an ETF is actually approved, it will have a huge impact on bitcoin and the market. I believe we will even enter a bull season before the halving if the ETF is approved soon.

Bitcoin can rise with news and its big bull run comes with its halving around which we have many news to help it rising seriously. But growth can be organic or just manipulation and we will see organic growth not with all time highs, yearly max price but we actually see it better with Yearly min (lowest) price.

Because lowest price of each year will be representative price of most hardest time for Bitcoin market within a single year. If it shows an upward trend, it is organic.

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

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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.

Bitcoin could still rise in price and reach new ATH even without an ETF, but underestimating ETFs and their impact would be a mistake. Last week we had fake news about an ETF being approved and bitcoin also reacted quite well, and in the past week with some positive news related to ETFs, the market is very bullish. So I think if an ETF is actually approved, it will have a huge impact on bitcoin and the market. I believe we will even enter a bull season before the halving if the ETF is approved soon.

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Quote from: Z-tight on October 29, 2023, 05:00:19 AM

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?

I am not as enthusiastic about this spot etf approval in the U.S. like so many other bitcoiners i interact with, i am not against this opportunity to attract institutional investors into the market, but i also strongly believe in not your keys, not your coins; so i just think either it gets approved or rejected and i'm fine with any decision from the sec. Too many bitcoiners sound like etf approval is too important for the BTC market, take note that we haven't ever had a spot etf in the u.s. market, so we cannot even predict how the market will react.

The halving will create a pump in price if history repeats itself, and if BTC spot etf isn't approved, a lot of people will be disappointed, but demand will increase because of the halving and people have experienced how the halving affects the price, so another rejection from the sec would not crash the price.

I've found that a lot of people in the Bitcoin community feel the same way. The whole ETF approval debate is overhyped. In a way, this approval seems like it will be the key to getting most people to accept Bitcoin. However, we've never had a spot ETF in the U.S. market before. Who knows how the wind will blow? Aside from one SEC decision, I really think the market is much stronger and more stable than that.

However, the halving - thats the real deal. History has shown us over and over again how it can change things. Sure, people will be upset if the spot ETF doesnt get the go-ahead. But the halving effect? That cant be denied. Increased demand post-halving is almost a given. Some people focus too much on approvals from outside regulators instead of the value and principles of Bitcoin itself. The market will move in its own way, so let the SEC do its thing

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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.

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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.

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Quote from: Fiatless on October 28, 2023, 01:26:10 AM

Quote from: Fundamentals Of on October 27, 2023, 10:03:39 PM

Bitcoin bulls aren't dependent on Bitcoin spot ETFs in the US. So whether a Bitcoin spot ETF is approved in the US or not, the bull market will still arrive. Only those who are uninformed would believe that the price of Bitcoin will only grow bullish when Bitcoin spot ETFs are approved. They only have to be reminded that when the price of Bitcoin almost reached $70,000 in 2021, there was no hype around Bitcoin spot ETF and it was even reached when the world was still recovering from the COVID-19 pandemic.

Bitcoin's bull run depends majorly on halving and other favorable economic situation that happens at a particular time. Sadly the profitability of next year's bull run will largely depend on the approval of spot Bitcoin ETF by the SEC. It is clear that many investors are been controlled by the actions and inactions of the SEC. Historical Bitcoin prices will always readjust after the rise or fall caused by artificial influences like the ETF. It is true that with or without SEC's approval the bull run will still be experienced but approval will have a greater impact on the price. Let's say an approval will make the price increase more than it would have been if it was disapproved.

Not on halving itself. Halving is part of it, but if people were not convinced of Bitcoin's overall design and functionality then whether there is halving or not Bitcoin would still fail. Halving is just one good part of Bitcoin's overall design.

I agree that Bitcoin may also benefit from favorable economic situations, but that doesn't dictate Bitcoin's price. It could very well happen that the world is facing economic challenges while Bitcoin continues to rise.

A Bitcoin spot ETF approval is indeed a big factor right now. It would definitely help push the price up, but again, with or without it, the price would conquer another ATH sooner or later.

Z-tight

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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?

I am not as enthusiastic about this spot etf approval in the U.S. like so many other bitcoiners i interact with, i am not against this opportunity to attract institutional investors into the market, but i also strongly believe in not your keys, not your coins; so i just think either it gets approved or rejected and i'm fine with any decision from the sec. Too many bitcoiners sound like etf approval is too important for the BTC market, take note that we haven't ever had a spot etf in the u.s. market, so we cannot even predict how the market will react.

The halving will create a pump in price if history repeats itself, and if BTC spot etf isn't approved, a lot of people will be disappointed, but demand will increase because of the halving and people have experienced how the halving affects the price, so another rejection from the sec would not crash the price.

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Quote from: AbuBhakar on October 28, 2023, 10:52:15 AM

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?

Most probably the price will retraced since this recent pump is due to pure speculation about potential ETF approval of Blackrock. Bitcoin price is always sensitive to any hype or FUD news that makes it too volatile. Bitcoin price sudden jump from 27k to 30K with just a mere fake news from cointelegraph. This show how easy to manipulate the price in short term but i still believe that even with price retrace the Bitcoin rally will continue since Bitcoin halving is only few months aways.

ETF hype is just a stepping stone to one of the major event on Bitcoin that is consistent that giving hype the price in long term due to the increase on mining difficulty.

If you want to take advantage of this hype, you can always buy some for your stash.
As we can't stop this kind of vibe in the market, what we can do is observe and just go along, but still remember what needs to be done with our funds.
We have seen that ETF or not, this market is continuously growing and so with the demand. This is why it is no big deal anymore when it comes to approval of this application.
However, we can't totally ignore its impact in the market. Just don't have high expectations when it comes to estimating your assets.

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Quote from: GreatArkansas on October 28, 2023, 04:05:23 AM

Quote from: AprilioMP on October 28, 2023, 04:00:47 AM

Bullish does not depend on the acceptance and rejection decisions of Spot Bitcoin ETF applications. Spot Bitcoin ETFs and halving events could be one of the reasons that strengthens bullish.
(.....)

I don't think so, ETF approvals are the main thing these days, the most awaited events. For sure for the long term it will not really depend on it but for the short term, it is really important especially if you are a trader, you will see very volatile price actions.

For now, maybe ETF approval is highly anticipated because it can make a difference in market prices. But bullishness is not entirely dependent on Spot Bitcoin ETF approval and rejection.

Many expect the Spot Bitcoin ETF decision to be approved soon to boost Bitcoin prices. The benefits that can be obtained from Exchange-Traded Fund (ETF) by traders and investors who are anxious about price fluctuations may be a little relieved.
I agree that in the short term, this moment is very important for those who are active as traders.

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This is not the first time we are in a similar situation! There have been a couple of cases in the pat, specially in 2017. First it is bitcoin being stuck below a resistance that it can not break, then the rumors about ETF being about to be approved start and it breaks that resistance or it breaks the resistance then the rumors start, it won't make a difference.
Then the ETF is rejected and the market manipulators try to fill their pockets.

Guess what happens after that? LOL. Every time there is some ups and downs during a rally and manipulators try to make profit from the small swings on the way up. In the end the rally continues regardless of them.

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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?

Most probably the price will retraced since this recent pump is due to pure speculation about potential ETF approval of Blackrock. Bitcoin price is always sensitive to any hype or FUD news that makes it too volatile. Bitcoin price sudden jump from 27k to 30K with just a mere fake news from cointelegraph. This show how easy to manipulate the price in short term but i still believe that even with price retrace the Bitcoin rally will continue since Bitcoin halving is only few months aways.

ETF hype is just a stepping stone to one of the major event on Bitcoin that is consistent that giving hype the price in long term due to the increase on mining difficulty.

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Quote from: GigaBit on October 28, 2023, 10:26:26 AM

Quote from: hyudien on October 28, 2023, 09:01:26 AM

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.

I agree, whatever the outcome of the decision to accept or reject EFT, the bullish trend is something that cannot be avoided. We have gone through the Halving process and it is clear how significant improvements have been achieved. However, if an ETF is approved, rising prices would provide an even bigger boost. For example, when we found fake news that said the Bitcoin ETF was accepted some time ago the price immediately jumped very quickly before finally being dumped again. So with just a brief overview we realize how market sentiment was strong enough and quick to respond to Bitcoin ETF acceptance.

Regardless of the outcome of the ETF we will see bullish movement in Bitcoin as it has been bearish for a long time and the market will gradually turn bullish around the halving. But if the ETF is approved then we might be able to see bullish movement in Bitcoin before the halving. So for those who are Bitcoin enthusiasts it is necessary to take advance preparation. A Bitcoin investor should do due diligence before investing and there is nothing to be disappointed after investing. Crypto Tony originally posted a disclaimer in his post for those investing from the one side that only ETFs will be approved. But the bottom line is that everyone should do due diligence before investing.

Bitcoin's bullish trend is not tied to or dependent on ETFs, but if it is actually approved by the SEC, we will have a stronger bull run. I think that's what people expect and a reason for people to be excited about ETFs, and no one is saying that without ETFs there wouldn't be a bull season. I bet you that everyone is very interested in etfs but few will understand what it is even those who are discussing in this thread. to be honest, I have never seriously read to find out what an ETF is, simply because I think bitcoin will grow and become stronger whether etfs exist or not.

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Quote from: hyudien on October 28, 2023, 09:01:26 AM

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.

I agree, whatever the outcome of the decision to accept or reject EFT, the bullish trend is something that cannot be avoided. We have gone through the Halving process and it is clear how significant improvements have been achieved. However, if an ETF is approved, rising prices would provide an even bigger boost. For example, when we found fake news that said the Bitcoin ETF was accepted some time ago the price immediately jumped very quickly before finally being dumped again. So with just a brief overview we realize how market sentiment was strong enough and quick to respond to Bitcoin ETF acceptance.

Regardless of the outcome of the ETF we will see bullish movement in Bitcoin as it has been bearish for a long time and the market will gradually turn bullish around the halving. But if the ETF is approved then we might be able to see bullish movement in Bitcoin before the halving. So for those who are Bitcoin enthusiasts it is necessary to take advance preparation. A Bitcoin investor should do due diligence before investing and there is nothing to be disappointed after investing. Crypto Tony originally posted a disclaimer in his post for those investing from the one side that only ETFs will be approved. But the bottom line is that everyone should do due diligence before investing.

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Even before these ETFs have been applied, we're already assuming that the bull run is about to come because of the halving, nothing more nothing less. So, with these ETFs granted that they will be approved means that there's another component that will help to gain that bull run.
But most investors have already been here and those that are newly investing because of the Bitcoin ETFs, you can't blame them if they're in for that because that's how they met this market but they'll soon understand that the market isn't all about those ETFs and what not.

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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.

Nobody knows but as per the OP's point there seems to be a lot of speculative buying
based moreso on an imminent ETF approval than anything else.

Its ok IMO to bet on the halving, thats going to happen and the effect of it more than likely
wont happen straight away but betting on an ETF approval is really a gamble which will/may
result in a lot of people getting hurt.

Quote from: yhiaali3 on October 27, 2023, 10:06:58 PM

I don't know why all this linking between the rise of Bitcoin and the approval of Bitcoin ETFs? Bitcoin has never been associated with this before and yet we have seen significant spikes many times in the past.

Of course, no one denies that approval of Bitcoin ETFs will have a significant positive impact on the market, but this does not mean, of course, that non-approval will lead to a decline in prices, nor does it mean that the rise in Bitcoin is linked only to the approval of Bitcoin ETFs.

Personally, I'm optimistic about a big rally for Bitcoin after halving next year whether Bitcoin ETFs are approved or not.

Nobody seems to be posting the saying "buy the hype, sell the news" it may happen that
the rise after an ETF approval wont be when a lot of people expect, it could be a
couple of weeks after the event!

I am also very positive about a rise from the halving next year but again it may not be
immediately after the event.

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Yeah, all that pumps are really cool but im afraid that they can use etf to manipulate and control our market..

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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.

I agree, whatever the outcome of the decision to accept or reject EFT, the bullish trend is something that cannot be avoided. We have gone through the Halving process and it is clear how significant improvements have been achieved. However, if an ETF is approved, rising prices would provide an even bigger boost. For example, when we found fake news that said the Bitcoin ETF was accepted some time ago the price immediately jumped very quickly before finally being dumped again. So with just a brief overview we realize how market sentiment was strong enough and quick to respond to Bitcoin ETF acceptance.

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Nothing lasts forever

Whether or not Bitcoin ETF gets approved, bitcoin is going to go bullish sooner or later.
It may be that bitcoin price will get corrected and get dumped a little because of the negative news in the market.
But the price will get recovered later and we will go bullish, no doubt about that.

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Quote from: GreatArkansas on October 28, 2023, 04:05:23 AM

Quote from: AprilioMP on October 28, 2023, 04:00:47 AM

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?

Bullish does not depend on the acceptance and rejection decisions of Spot Bitcoin ETF applications. Spot Bitcoin ETFs and halving events could be one of the reasons that strengthens bullish.
(.....)

I don't think so, ETF approvals are the main thing these days, the most awaited events. For sure for the long term it will not really depend on it but for the short term, it is really important especially if you are a trader, you will see very volatile price actions.

Bull run happen before even if there's no ETF approval happen so for sure without this to happen for sure that we can still see this since halving effect have more bigger weights rather than waiting for its result. But the bull run will happen without it is just short term pump the same as before so expect that dump will immediately follow once bitcoin reach its all time high. So even if we actually see it as main recipe for a bull run but its importance is for long term high price stability since for sure accumulation and holding phase will not stop on that events since there are so many reason to hold if ETF approval will successfully happen. on legal means ETF is important since it can make those other skeptical people who always go with legal asset to think that they should have some bitcoin since this is approve by government as an asset and also good for their investments.

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I've always said my own, he who have ears let him hear, It's better to be fully ready to big retracement from bad news that these people can release at any time, just imagine if ETF is no more important or they call it all off to manipulate the market, it's possible but it's stupid to believe in one side in this crypto space, you will panic and fear will hit you hard if you are only bullish and not bearish, anything is possible.

Either it's recession or ETF rejections, be prepared, have some money separate for possible disaster planned by the manipulators, and keep doing your weekly or monthly DCA, I have promised myself that this bull market will be the best one for me so far, and I plan to erase any form of fear and panic from my path, whatever they plan to do I am already prepared.

ETFs have been rejected too many times before and Bitcoin doesn't care but the adopters will be shaken off once again if ETF is not approved, it looks like it will be approved this time but I am not ready to make a bet on it, what if I am wrong? So instead I already save some money aside for any massive FUD in the market.

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