Will ETFs pump BTC to $100k soon? - page 4.

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Quote from: Abiky on September 12, 2023, 07:33:09 PM

Quote from: adaseb on September 11, 2023, 11:02:49 PM

Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.

I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth. No idea how they will liquidate that without crashing the token.

If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come.

I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts Grin

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

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Quote from: adaseb on September 11, 2023, 11:02:49 PM

Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.

I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth. No idea how they will liquidate that without crashing the token.

If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come.

I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts Grin

adaseb

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Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.

I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth. No idea how they will liquidate that without crashing the token.

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I believe that the Bitcoin market will be pumping enough volume again. If the ETF Grayscale is launched, then there is definitely a possibility that the value of Bitcoin will increase. We know that by 2024, the Bitcoin market will be halved, which is when Bitcoin pumping is most likely. There is no doubt that when the Bitcoin market halving will have positive effects on the market and the Bitcoin market will be $100k. Most research suggests that Bitcoin will grow exponentially after the halving and reach $100k soon.

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Quote from: SquirrelJulietGarden on September 11, 2023, 08:52:10 PM

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I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts Grin

Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings.

Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us?

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Quote from: Abiky on September 11, 2023, 06:55:19 AM

BTC needs to cross the $100k milestone first before we can think of another ATH. If I'm not mistaken, Bitcoin's last ATH was around $68k. That's close to the price prediction of $100k. All we need is for the SEC to approve spot ETFs from the big investment companies, and nothing should stop BTC from reaching that target. This will happen earlier if spot ETFs are approved before the halving of 2024. There's a lot of demand for BTC, despite the on-going global economic uncertainty.

Bitcoin needs to move closely to $60,000 or $68,000 first before a big news like Bitcoin Spot ETF approval in the USA. will boost it to break out and climb to about $100,000. The price is a strong cap because this number will make a very strong mentality resistance that needs very big momentum to break through.

From $60,000 or $70,000 to $100,000 is about 30% to 40% increase which is possible for Bitcoin when the market is on fire. After rising about 15%, forced liquidation on the market can lift Bitcoin to 10% or 15% more easily and here we go with $100,000.

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I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts Grin

Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings.

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Quote from: mindrust on September 09, 2023, 09:55:54 AM

$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

BTC needs to cross the $100k milestone first before we can think of another ATH. If I'm not mistaken, Bitcoin's last ATH was around $68k. That's close to the price prediction of $100k. All we need is for the SEC to approve spot ETFs from the big investment companies, and nothing should stop BTC from reaching that target. This will happen earlier if spot ETFs are approved before the halving of 2024. There's a lot of demand for BTC, despite the on-going global economic uncertainty.

I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts Grin

panganib999

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ETFs could push the opinion of the people to the favorable side in the future, but it's always going to be the people that will push bitcoin to 100k. We can have all the marketing and the reasons in the world to push bitcoin even to the 1 million mark, but if we're not eager to invest for whatever reason, we're not going to and bitcoin will not shoot up to whatever price point we so desire. ETFs could open bitcoin to wall street and to investors with higher bankrolls to spend but at the same time since bitcoin is decentralized, they wouldn't be enough to push bitcoin to that desired price point.

So if you're thinking that bitcoin's going to shoot up or shoot down just cause a particular high value investor bought or sold his holdings, you're wrong. Bitcoin, though volatile, is still strong enough to support itself even in the most precarious situations.

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Quote from: adaseb on September 07, 2023, 10:52:40 PM

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

Yeah, price range between $40,000 to $50,000 appears more reasonable than the creation of a new all-time high (ATH) solely driven by ETF approval for BTC. However, if the ETF confirmation occurs post-halving, that news might be strategically used to catalyze a stronger push towards a new ATH, possibly reaching $100,000 post-halving.

In my opinion, a price surge is likely to happen in the not-so-distant future, with BTC stabilizing at a fair range of $30,000 to $35,000 after the pump concludes.

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Quote from: mindrust on September 09, 2023, 09:55:54 AM

$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

That's true, but just relying on halving, it will take quite a long time to reach the price you mentioned. With its presence, Bitcoin will be introduced directly by the world's largest financial asset managers, of course this will provide a boost in popularity among stock investors. and others, and it will make them aware of owning bitcoin. Maybe day traders prefer ETFs but long-term thinking investors definitely choose bitcoin from the crypto market directly to hold.

That $100k was still in the shadows when the ETF was approved, I think it's more logical that it can only lift Bitcoin to between $40k-$60k, the rest will be driven by Bitcoin's continued dynamics until it reaches the $100k level at the end of the Bitcoin cycle.

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Quote from: adaseb on September 07, 2023, 10:52:40 PM

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

I think ETF have a big impact in the price before so it might did it again once it happens. This is the reason why the @OP and others are so positive about it that they can mention $100k once again in relation to this event. I'm not aware that the economy is about to collapse but can you give a reason on why it can happen? Or at least give a source so that we can check it out. If it's true, then maybe that is the reason why there is an ETF.

It can act as a savior to not dump Bitcoin evenly because it's already badly beaten up right now. BTC can normally reverse or fall down after a huge increase in it's price so don't worry about that. A lot of us are already aware with it. What important is, we already taken an advantage of the pump and we can just use the dump as the opportunity to start again.

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Quote from: mindrust on September 09, 2023, 09:55:54 AM

$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

There have been some predictions about bitcoin will reach $300k or $200k in the next bull season but many do not believe it will happen so far. We don't know if that will happen or not, but I see some analysis suggesting that the bull season will also coincide with a recovery cycle for the world economy. Therefore, the possibility of triggering a strong bull season is possible if everything goes according to that scenario.

In my view the ETF will also have a strong impact on the value of bitcoin, but yes, we don't need it for bitcoin to reach $100k as we are already close to that level as last season ATH was 69k dollars.

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$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

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Quote from: michellee on September 09, 2023, 09:24:27 AM

Yes, this is just like a game for people with power who can press the On/Off button easily and then the price will follow. But for sure, Bitcoin price will go towards $100k and if that doesn't happen by the end of the year or the beginning of the year to the middle of the year after the halving, maybe it will happen next year.

It's better not to think about when the price of Bitcoin will reach $100k because no one knows. It's better if we just focus on collecting Bitcoin so that when the bull run really comes and makes the price jump to the last ATH price, you are ready to sell your Bitcoin.

Maybe something big will happen that will make Bitcoin get its first rally to $50k and then jump to $75k and then a real rally will emerge. But I don't know, that's just speculation and we don't know whether it will happen or remains speculation.

To be honest, I would really like to know what will trigger this growth. It would be desirable if I knew about such an event in advance. I would definitely find it useful, just like you))
What can we do today? just watch carefully what is happening in the crypto world. We definitely have no other levers of control and influence. You and I don’t have that kind of power, much less the authority to influence anything. We accept reality as it is and nothing more.

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We have to think in both direction and not to face a single approach in looking into the situation ahead with ETF approval, how it's all about what if there's nothing to mark on the occasion of bitcoin ETF approval that the market price never increases but rather we keep having dump market situation, this could mean that bitcoin itself is not depending on centralized economy despite the news on them has a little way it affects the market demand and supply but aren't the major actor for the push in the bitcoin network and market price.

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Quote from: fruktik on September 09, 2023, 12:10:15 AM

Quote from: tech30338 on September 08, 2023, 01:04:04 AM

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

Does this still surprise you? Yes, this is just a banal game of speculators and nothing more. So the price jumps, like in a rally, and then returns to its previous course. This is a completely natural process. This happens almost always when at least some significant news comes out, which is a trigger. As practice shows, this is not enough for a full-fledged good movement. Much more serious facts are required, and today they are simply missing, as such.
The time has not yet come for a good dynamic and strong impulse trend, when the interest rates will be significant even for small deposits.

Yes, this is just like a game for people with power who can press the On/Off button easily and then the price will follow. But for sure, Bitcoin price will go towards $100k and if that doesn't happen by the end of the year or the beginning of the year to the middle of the year after the halving, maybe it will happen next year.

It's better not to think about when the price of Bitcoin will reach $100k because no one knows. It's better if we just focus on collecting Bitcoin so that when the bull run really comes and makes the price jump to the last ATH price, you are ready to sell your Bitcoin.

Maybe something big will happen that will make Bitcoin get its first rally to $50k and then jump to $75k and then a real rally will emerge. But I don't know, that's just speculation and we don't know whether it will happen or remains speculation.

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Quote from: tech30338 on September 08, 2023, 01:04:04 AM

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

Does this still surprise you? Yes, this is just a banal game of speculators and nothing more. So the price jumps, like in a rally, and then returns to its previous course. This is a completely natural process. This happens almost always when at least some significant news comes out, which is a trigger. As practice shows, this is not enough for a full-fledged good movement. Much more serious facts are required, and today they are simply missing, as such.
The time has not yet come for a good dynamic and strong impulse trend, when the interest rates will be significant even for small deposits.

Darker45

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$100,000 will happen whether the SEC approves a spot Bitcoin ETF or not. And if the SEC approves Grayscale and BlockRock's spot Bitcoin ETF applications before the halving, I still don't think this is enough for the price to reach $100,000. BlackRock and others having a spot Bitcoin ETF will certainly contribute to the acceleration of Bitcoin's approach toward $100,000, but they're not the main driving force. It seems to me that despite the hype and FOMO built around the participation and power and influence of these huge institutions, the price remains bearish until now.

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Quote from: zasad@ on September 07, 2023, 06:54:00 AM

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

That's why it's a good idea now to buy and store more bitcoin knowing that there are market manipulators waiting to pounce and make themselves more richer, don't be the hamsters that would have your money taken away make sure to ride the wave with manipulators and always remember to set a price that no matter what happens, that's going to be your exit price. Regards to the ETFs, they aren't popular but that doesn't mean that the market doesn't want it, that can only mean that those ETFs just needs a little push and some PR so it can reach the wider market.

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Quote from: adaseb on September 07, 2023, 10:52:40 PM

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

You're right about that. The mainstream economy is in ruins. We can blame the United States for that. Unless "The FED" puts a halt in its efforts to reduce inflation, there will be no signs of improvement whatsoever. Despite the recent turmoil, the crypto market has often performed better than the stocks market. BTC is by far the best-performing asset in the world. If there's a swift recovery of the global economy, we should expect Bitcoin to reach $100k and beyond. There's no limit to how high it can go. Especially now that institutional investors are joining the game.

The future for Bitcoin is a very bright one to say the least. I have the feeling the SEC will end up approving a spot ETF for BTC, as it gets pressured by entities with a lot of money on the table. Who knows if current BTC holders get insanely rich by the time this happens? Just my thoughts Grin

Topic: Will ETFs pump BTC to $100k soon? - page 4. (Read 896 times)