Topic: Whether Bitcoin ETFs are approved or not, we expect bullish trend - page 3. (Read 594 times)
October 28, 2023, 06:04:19 AM
The Bitcoin halving has gone according to plan even without an ETF, the 4 year cycle is still going on as it should. The difference here is that the big boost from the ETF approval provides additional strength to continue bullish beyond last season's ATH price. So even if the ETF is not approved, we will remain in the Halving phase and not change. Let's say this ETF is part of a push, but that doesn't mean the Halving will depend on whether it is approved or not. Seeing the bullish attitude shown by Larry Fick, I think Bitcoin price movements are increasingly showing it as a safer escape. Regardless of whether this is premature optimistic sentiment or whether it is already in a bullish market. Still have thorough preparations to face the good and bad possibilities of the impact of this issue.
October 28, 2023, 05:47:21 AM
Sadly the profitability of next year's bull run will largely depend on the approval of spot Bitcoin ETF by the SEC.
If we are to go by the previous halving we had already, does the incident of bullrun has anything to do with spot bitcoin ETF approval or not, we can see that bitcoin today is not depending on any of these, if not, maybe the recent surge in the market price would have been attributed to the fact that bitcoin spot ETF was approved, meanwhile the market never go dip despite it's unapproval.
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.
Now you have just hitted the point, it is exactly as you have said it, bitcoin remains the way it has always been, but spot ETF approval will also have a great impact in taking the market towards the next level.
October 28, 2023, 05:37:41 AM
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.
I think differently than you. I believe the new bull run will start with a Bitcoin halving in 2024 and that event will be shilled on media to warm up Bitcoin market several months before the halving, like the first quarter of 2024.A few months after halving, market will be heated up enough and maybe we will have a first Spot Bitcoin ETF in USA. It, if approved, will be a final big news to help Bitcoin making a new all time high. Then we will go with another long bear market that might start in second half of 2025 and will end in middle or late of 2027.
October 28, 2023, 05:19:49 AM
Bitcoin still has the potential to continue its upward trajectory, perhaps influenced by the approval of ETF. However, in the long run, it is more likely to sustain its growth amidst ongoing fluctuations.
The market history of bitcoin for the months of November and December is pretty so there's that factor why the potential for an upward trajectory is high so no surprises there. That sustain is pretty flimsy if you ask me because bitcoin isn't due to collapse anytime despite fluctuations/volatility in the market. I hope that the bullish trend is real, I want to make a hefty profits with the bitcoin that I bought during it's lowest point this year, I don't know about what Crypto Tony says though, that the bullish trend can happen regardless of the ETFs approval result. 
October 28, 2023, 05:08:05 AM
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?
There were attempts to start an ETF many years ago. As far as I remember we had first ETF hype in 2017 when people waited for a futures ETF that eventually allowed Wall Street to short bitcoin and eventually lead to the end of the bull market in 2018.
Then there were hopes for another one in 2019 which started that 2019 rally where people thought it was a bull market already, but in reality we had to wait another year for that.
The New York-based investment management company VanEck has proposed a bitcoin-linked ETF vehicle alongside its partner, SolidX. While the SEC has rejected past attempts at launching cryptocurrency ETFs (the Winklevoss brothers' bitcoin ETF was shot down on two different occasions), analysts have argued that VanEck's product is different.
https://www.investopedia.com/news/what-watch-sec-bitcoin-etf-decision-early-friday/
I'm sure that a spot ETF approval will pump the price, but we don't really need that for a bull market to start. It's going to start anyway after the halving, but an ETF could make the price go up much faster.
Without it we could be waiting until 2025.
October 28, 2023, 04:45:32 AM
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?
I wouldn't really expect too much about the bullish trend because it is not in our control. We cannot just solely rely on ETFs as the other strong catalysts behind the strong rally apart from the much-anticipated Bitcoin halving.
Plus there will be no guarantees on whether an ETF will be approved or not on a specific date because the US SEC can change their minds by either postponing or declining the approval. It's something that we should be prepared as well.
The black swans would appear at any moment without warning for the FUD to kick in that would cause the market to go downturn unexpectedly.
If ever the Bitcoin ETF was not approved and waiting for the halving period of Bitcoin, the bullish trend is still not really guaranteed. Time will tell and let's see what happens after that.
October 28, 2023, 04:28:28 AM
Bitcoin still has the potential to continue its upward trajectory, perhaps influenced by the approval of ETF. However, in the long run, it is more likely to sustain its growth amidst ongoing fluctuations.
October 28, 2023, 04:22:58 AM
It's been a long time coming for ETF approval, like who still believes in this anyways? Some people do want ETF to happen before they start investing in Bitcoin as this will increase their confidence in Bitcoin, I totally get it but this is also a big tool for THEM to successfully manipulate the market, it's left for you to make a choice, and I don't have any in mind than to do NOTHING.
I am prepared to just watch and see how things play out, but I can promise you that Bitcoin won't feel a thing, some people will panic sell because if the buy the rumour sell the news strategy but it will be a big opportunity for the manipulators to start buying the dips too, like I've said before, this ETF approval is a near perfect tool for them to use against the market.
People are now getting used to the year of Bitcoin halving to be a bearish year, if CoVid can happen in 2020 then something else can happen in 2024, it doesn't have to be another virus outbreak, maybe it will be rejection of all ETF? All I am saying is to not let your guides down, be careful what you are wishing for.
I am prepared to just watch and see how things play out, but I can promise you that Bitcoin won't feel a thing, some people will panic sell because if the buy the rumour sell the news strategy but it will be a big opportunity for the manipulators to start buying the dips too, like I've said before, this ETF approval is a near perfect tool for them to use against the market.
People are now getting used to the year of Bitcoin halving to be a bearish year, if CoVid can happen in 2020 then something else can happen in 2024, it doesn't have to be another virus outbreak, maybe it will be rejection of all ETF? All I am saying is to not let your guides down, be careful what you are wishing for.
October 28, 2023, 04:12:58 AM
To be honest, we have been hearing this so called Bitcoin ETF and others since 2017. And from that point moving forward, bitcoin is not affected, by the rejection or non-approval by SEC. Of course, it will be a plus if we will get the approval, but I think we can survived and experienced the imminent bull run next year. Just like when Covid-19 didn't stop bitcoin back then, reaching another all time high at $69k.
So not just because that we will not get that approval doesn't mean that we will not have a bull run and all time high. Bitcoin ecosystem is in a cycle, bear and bull, happening every 4 years. And no matter what is happening in the financial world or geo-political or again, the pandemic, no one is going to stop the eventual bull run, in my opinion.
So not just because that we will not get that approval doesn't mean that we will not have a bull run and all time high. Bitcoin ecosystem is in a cycle, bear and bull, happening every 4 years. And no matter what is happening in the financial world or geo-political or again, the pandemic, no one is going to stop the eventual bull run, in my opinion.
October 28, 2023, 04:05:23 AM
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.
(.....)
October 28, 2023, 04:00:47 AM
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.
Based on what I have researched about market prices, it is currently bullish because prices have increased.
Bullish and a new ATH will occur even if the Spot Bitcoin ETF is not approved.
Please correct if I wrong.
October 28, 2023, 03:36:37 AM
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.What evidence do you have for this? I don't deny that the impact of ETFs would be huge on bitcoin prices if approved, but that doesn't mean bitcoin price increases depend on it. If the ETF is not approved this year, we will not have a significant price increase, but once the halving occurs, supply decreases and demand continues to increase, a price increase is inevitable. Everything will not change, history will still repeat itself when the halving takes place. The value of an asset is based on supply and demand, not the ETFs or any government agency.
October 28, 2023, 03:21:57 AM
In the end, Bitcoin will still experience its bullish period, whether the Bitcoin ETF application is approved or not. But there is a high probability that a Bitcoin ETF will be approved, although no one knows when. But if the Bitcoin ETF has not been approved until the halving event, maybe Bitcoin will still get a pump even though it may not immediately jump to its highest price.
But if a Bitcoin ETF is approved, it would be an opportunity for Bitcoin to gain more support from many parties. For now, investors who don't think about whether an ETF is approved or not are still accumulating more Bitcoin because they are investing in Bitcoin for the long term. Everything could happen in the future so that they can prepare now.
There may be a brief decline in Bitcoin prices, especially if a Bitcoin ETF has not been approved or is still delaying its decision. So we should not think too much about it and keep trying to accumulate more Bitcoins.
But if a Bitcoin ETF is approved, it would be an opportunity for Bitcoin to gain more support from many parties. For now, investors who don't think about whether an ETF is approved or not are still accumulating more Bitcoin because they are investing in Bitcoin for the long term. Everything could happen in the future so that they can prepare now.
There may be a brief decline in Bitcoin prices, especially if a Bitcoin ETF has not been approved or is still delaying its decision. So we should not think too much about it and keep trying to accumulate more Bitcoins.
October 28, 2023, 03:12:47 AM
But I'm sure many people don't really understand what the news and meaning of ETFs are, but that's clearly the main reason at this stage for us to discuss volatility for bitcoin.
I have also mentioned that ETFs will be a way for large investors to create a lot of momentum until it has an official announcement, anyway, being in this market for a while makes me realize that even Anyway, Bitcoin must increase even if there is no impact from this news, there will be other reasons that are exaggerated. From an investment perspective, I like the current volatility because it gives me more time to prepare for a long-term plan with bitcoin in the next few years or beyond.
I have also mentioned that ETFs will be a way for large investors to create a lot of momentum until it has an official announcement, anyway, being in this market for a while makes me realize that even Anyway, Bitcoin must increase even if there is no impact from this news, there will be other reasons that are exaggerated. From an investment perspective, I like the current volatility because it gives me more time to prepare for a long-term plan with bitcoin in the next few years or beyond.
October 28, 2023, 02:24:23 AM
There will undoubtedly still be a bull market in cryptocurrencies even if the ETF rejects applications once more. How frequently have similar circumstances occurred in the industry? Holders will continue to have the chance to benefit here in the commercial world of the crypto space.
There has already been a slight market bull run as the halving draws near. When one of the applications that received ETF approval receives ETF approval, how much more will it be? There will undoubtedly be a significant market surge for both Bitcoin and the leading cryptocurrency.
There has already been a slight market bull run as the halving draws near. When one of the applications that received ETF approval receives ETF approval, how much more will it be? There will undoubtedly be a significant market surge for both Bitcoin and the leading cryptocurrency.
October 28, 2023, 01:26:10 AM
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. 
October 28, 2023, 12:05:44 AM
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.
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.
Every period and time will be different, you cannot expect that bitcoin will always be the same as it was 10 years ago. Things have become very different as bitcoin has become more popular, recognized by more countries, and received more attention. What we need is to adapt to the situation, not ask why. Furthermore, if we want bitcoin to become popular and recognized worldwide, regulations or the like will be inevitable.
Bitcoin's design is decentralized, but that does not mean it will be completely separate and without any connection to the world financial system.
October 27, 2023, 11:50:36 PM
Even if it’s rejected I don’t think it will have a huge dump like the Ftx collapse. We are used to etfs being rejected for years. I think the worst was when the Gemini twins etf was rejected back in 2017 and I think it lost 30% or something very quickly. But after that every etf disproved wasn’t as bad.
So even if it’s rejected I think we will still stay above $25K or so. The larger issues is what is going on in the world. We got bad inflation and all this debt that needs to be serviced. With all these bonds crashing it doesn’t look good.
So even if it’s rejected I think we will still stay above $25K or so. The larger issues is what is going on in the world. We got bad inflation and all this debt that needs to be serviced. With all these bonds crashing it doesn’t look good.
October 27, 2023, 11:00:26 PM
Bitcoin ETF was not programmed alongside Bitcoin, so I wonder why I will capitalize on the outcome to invest. However, the positive impact on the market will be that it will act as a catalyst for the next bull market if it is approved, on the other hand, may cause a slight dump in the market if not approved, but that is gonna be a short term impact on the market because the market will absorb the selling pressure immediately or months later after the Bitcoin halving.
Bitcoin ETF is a way to make Bitcoin more available to those who are interested based on the institutional side of investors who don't have much confidence to invest in core Bitcoin, so they filed for ETFs to invest.
ETF or no ETF I'm not relying on the outcome or Banking on it for my investment.
Bitcoin ETF is a way to make Bitcoin more available to those who are interested based on the institutional side of investors who don't have much confidence to invest in core Bitcoin, so they filed for ETFs to invest.
ETF or no ETF I'm not relying on the outcome or Banking on it for my investment.
October 27, 2023, 10:54:25 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.
I agree about betting on the long term, but I would like to clarify that bull runs do not usually occur right after the halving but months later, and they have a logic, we do not expect a simple repetition of history. The reason is that they reduce supply, i equal or higher demand the price will rise. I think the spot ETF will initially add volatility. A quick rise at first but it may also bring the price down faster, although as the price and market cap rise the price will be more stable.
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