Bitcoin Forum

Woops feeling bad about the people that sold yesterday at the 1135 bottom. Wild swings show the bullish sentiment. If the ETF is not passed, maybe the sellof allready was priced out, in any case it shows that it will get bought up quickly.

Remember that decision is not tomorrow but march 13th, so we may test high 1200 again before final verdict.

Decision could also be tomorrow... how do you know its going to be the 13th? Source?

then sell it if you want it to be read charts bitcoin first macd let any idea at what price will rise so we're not one of selling

hey fella, stop writing in riddles

All is well with bitcoin and as pointed out by OP the bounce back was fast.Price  will slowly work upwards until Monday. We will see what the verdict will be on Monday  but keep in mind we have two more verdicts in March so if ETF gets a no it will not lead to big panic

There is really some numbers of traders that have weak hands that securing profits when dip is occuring thinking the price will decrease more. Didn't they see that after the tremendous stop at the bottom, the recovery follows up quick passing again the $,1200 price range.

Well on the other side of the story, some traders secures profit yesterday so that they can buy back again another set of low price coins based on their analysis. But some are not succesful since the moment they sold the coins, the moment for bitcoin price to go up again. What a regret it makes.

It's good to be back at $1200 again, well i was thinking that the verdict will be tomorrow! anyways if it'll be on march 13th we're in for more volatility.

After the unexpected decrease in price once again the price has started to move above $1200+, seems like a good fight back. The current price increase gives hope of a new all time high to get crossed again.

Even without of this news also Bitcoin price is been always in full volatility , that is why the reason is that their are so many traders who are gaining profit in doing trading in bitcoins due to high volatility. and i think the price wont decline below $1100 even if we dont get approval in this first attempt.

I think you feel even worse for the people that dumped the price down to $1050 over at Coinbase yesterday. I like how the price is constantly bouncing back up when certain traders take the price down when unloading coins. What I like even more is that in the same time the price goes up again, coins are also moving into stronger hands.

Hope to see it move up more than 1300 this time because I did hold mine although I wish I have moved to dash yesterday. He didn't say tomorrow but if its going to be tomorrow, I'd be expecting the price to dip once again. The network is so busy which makes the confirmation too slow, my transaction I've sent 6 hours ago isn't yet confirmed. It would be congested again if its going to drop in the next few hours.

I think it was pretty obvious that the price wasn't going to stay down there, because speculation about the ETF is thrown about pretty wildly.  I would only sell at that price if it was really close to the ETF and I thought it was too close for the price to go back up.

the price is definitely gonna be growing from now on to at least 1300 dollars, and it was really dumb to sell when the price just started to drop as after the drop there is always a decent growth. I am never selling bitcoins while it is still over 1000 dollars each, I mean I'm not in need of funds or something to sell the thing that is going to make me rich in the future. I'm the biggest holder ever...

i think for the mean time the price of bitcoin will not drop down because i believed that bitcoin price this coming march 13 will raise up to $1300 per bitcoin but its just my guess because theres alot of current people putting their money on bitcoin like now because bitcoin is grow more than i expected i thought it will be $1200 per bitcoin before this year ends but see what happen its only march but bitcoin price already surpass my guess.

Panicking will not help with this kind of waves.
What is the problem with the bitcoin holders. I thought they know that this happens to bitcoin always. That ETF wont hurt a thing. It is just a new thing to talk about but it doesn't change a thing that bitcoin is really volatile from start up until now.

Yeah, why the panic and why everyone starts behaving like they are total beginers. Volatility is totaly normal and inevitable part of bitcoins, people should have learned this by now. Just watch the market carefuly and be wise, everything will be fine.

You are right that panic is really brain fade because when the price has been going up and up only in several months and even since years then why people worry that it will go down ? I am talking of average price, this value has increased only with time and I expect it to increase more and more in coming future regardless of this rejection of bitcoin ETF.

We never need to worry about, bitcoin already got enough media lights to get in new investors, hence new peak will occur and some other company may go for filling applications for bitcoin ETF in near future.

Here we are, the ETF decision has been made, It got rejected and It looks like the price hasn't been affected (1180$ by preev rates) like people assumed. I guess this will only increase our chances of getting the ETF approved in the future and once again this proves that bitcoin don't need such events to survive or have a price increase.

admittedly i didn't really follow ETF that much but i remember reading somewhere (in comments) that this was the last chance of this particular ETF to be approved and they won't accept it again.

can someone confirms this?

Yeah it can't, and SEC has said nothing to do with the bitcoin etf. And i think there is no bitcoin etf again in the future, at least not to submitting the bitcoin etf for SEC. They've made a decision about that and we respect it.

I thought this  morning is the start of btc price to go down cause when i wake this morning the price was at $1100 so i think that etf is rejected. But now were fully back at 1200$,seems that etf rejection has no big impact on btc price.

https://twitter.com/maxkeiser/status/840346004427853824

There was a huge drop of the price yesterday, almost -$230 which is really a lot for a coin like bitcoin nowadays.

I think that bitcoin has taken attention in the media when it reaches the highest price for many years (or ever), even though many price crashes that are happening bitcoin is still trying to recover and be back to $1200 which I think is not very hard to be reached within few days. I think that many people who were skeptic to invest in bitcoin were waiting for a price crash in order to invest more.

Price has gone down due to ETF disapproval and many people would have bought bitcoins at lower price but its good to see that it didn't go below $1000 level or else we would see panic selling and may be price can go even lower in next few days but if you can manage to hold them till the end of the year then there is nothing to worry as price will recover by then.

Yeah just relax don't sell as our bitcoin from now, just wait until the next pump surely it will pump again by the next of this month, from now the price of bitcoin is 1176$ wow! Its high a bit enough for me, 

Just stock all your bitcoin and don't be a panic seller

Bitcoin is still pretty stable and will continue to be.  The ETF did not destroy Bitcoin, far from it.  I think this shows the strength of the community and that people are properly in this for the long run.

This market is like a goddamn clown college sometimes.  I'll admit I didn't really understand the significance of the ETF thing--I don't have a great background in finance--but I could tell a lot of gamblers drove up the price because of it.  The drop we had was nauseating, but we've come back pretty good.  I expect we'll hit $1300 soon enough, but that's just a guess.

Don't be. They made their choice. Wanted to play the market and the market played them ;D
The price is still low. They can buy back and move on. It's only a small loss compared to the money we will all make on bitcoin in the near future.

Quite right, even when it dropped below 1000 when the ETF was disapproved, it immediately recovered. This means that there are a lot of buy orders waiting and in support for bitcoin. It will not easily crash like the others are speculating, at least not yet and not because of ETF failing.

i wouldn't call that a "drop below $1000" because obviously it didn't last at all. and also because it was a one time big sell off that ate through the orderbook and that will always happen when someone sells a big chunck of bitcoin or anything else in any market at once.
the important thing was the come back that only took less than a minute to complete and price came back up to $1150 in matter of minutes.

Maybe we will still achieve higher than 1200$ because now is 1180$ but to my mind people had to keep this prise stable but as we see many people sold bitcoins near 1100$ and that's really bad. We mustn't let bitcoin's price to fall and we must try our best to keep it rising. I still have hopes and maybe we will get stable 1300$ because we saw in winter that bitcoin quickly rised from 600 to 900.

Well im sure we would achive price ranges above 1200$+ if this price ranges that we see right now continues to be stable. It is good and healthy for bitcoin since it makes more people to trust it if it is stabilizing to a price that can be considered big on bitcoin history. I hope in the future we will see bitcoin reach new heights.

That is true price can spike at any moment because it's much hard to predict what is going to happen there but I also sure about this it will be $1,200 very soon. This time price will remain stable at this level so that it is nice to hold them for some time.

I expect prices will not be under 1100USD. this time we have seen how bitcoin prices experienced a very good stability. many things that affect the price of bitcoin. so it is likely the price of bitcoin is above 1200USD.

It wasn't that people themselves dumped the price down to below $1000 levels. It was more the result of stop loss order triggering each other, where you see a short lasting deep red candle. I am quite sure that a wealthy entity has done that on purpose. Especially when you also take the massive green candle that resulted in a peak at +$1350 levels into consideration. It's a way to eliminate the "competition" (often referred to as small fishes).

But then, it is also remarkable that the prices didn't rumble down too much below $1000, as everyone thought the values to be going down too much with an expected declining ratio of 50% which was predicted to be $700, but it didn't happen, so this shows that these "wealthy entities" are losing control over bitcoins because of its spread amongst the world.

How its dump because of the people. Price is depend upon the supply and demand. There many investment on bitcoin related business and block chain technology from the year 2014.
Sure price will be driven to 2000$ before this year ends. Due to mining reduced in last halving this effects take first in September. From that time to now we are seeing raising face of bitcoins except one dip.

It feels good when you can reuse threads like this to point out the fact that indeed, bitcoin is now soaring again above $1,200. Bitcoin has defeated the ETF hype, it has defeated the approval of the big fat banksters, we can't be stopped.
The only thing need to fix is getting rid of Roger Ver, Jihan Wu and the rest of BUcoiners.

That is mind blowing how bitcoin made comeback so it's proving crypto world belong it. I've great great hope to get back on ATH again.

i was thinking the same as how this topic is old and yet price is the same but if you look back it has taken a very long path with lots of bumps to reach here!
$1221 right now :)

where are all the ETF bullshit guys who said we will fall to $800!

You clearly have no clue about how trading works and how wealthy entities on purpose trigger buy and sell orders for their own benefit. Also, I am sorry to say, but only noobs expected the price to crash down with such intensity. ETF would be a welcome tool that had the potential to push the price sooner to yet unseen levels, but regardless of this ETF or whatever other tools, the price will increase anyway. It will only take a longer while, but that's all fine. People prefer a slower but more sustainable growth over pumps resulting in peaks that don't last very long.


Lol, you're mixing up things. I would suggest you to invest some time into knowing what trading is.

People without awareness mix up and finally what happens is the loss or someone stealing your coins out of the wallet. For the goodness it's better to make a regular trading with small profit margin. This helps in continued trading as well a stable profit.

 ;D

They are here in the forum, where else would they be? ;D

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As they said in an article I read in the cointelegraph, which said that the bitcoin community does not seem to bother much with the ETF's decision and the article explains why bitcoin does not need ETF

https://cointelegraph.com/news/why-bitcoin-didnt-need-an-etf-to-begin-with

I liked reading this article

I don't think there will ever be an approved ETF. I fail to see why the powers that be would allow for that. Maybe they would to try to manipulate the price somehow? Im not sure, but if they accept it is because they can find something that benefits them.

For the time being I think all the ETFs will get rejected and those are opportunities to short since ETF recovers quickly.

I guess rejection bitcoin does not really affect the price. bitcoin for some users, it is not unusual. maybe it only affects people who are going to invest the money they have into the form of bitcoin. but I believe, bitcoin prices will keep rising.

It proved all along what I have suspected, ETF or not, bitcoin will not be affected, I speculate give in 1 week to really fully gauge how the ETF decision will play with a slight rise and fall of price. But seeing the current trend of price, I believe it has little to no effect at all. I guess the pump and dump is over and the price will see a steady trend of rising. I also believe that the price is stable as ever. I think $2000 is reachable within the end of year hopefully, because investors has already take notice of bitcoin and will probably invest and cash flow will be going to bitcoin ecosystem making @2000 at the end of year within reach. :)

Whom gonna reject the bitcoin, Bitcoin is being used by huge number of users in volume when compare to last year. You may in Google about the companies adopt bitcoin and block chain technology. Similarly this is increased in the big number. So don't give damn about the negativity spreaders. Just move ahead to hold the bitcoin for the future income.

Bitcoin lost some value after th ETF decision but after some days the price got back in track so the decision did not have a lot of impact in the price, which is good since it tell us bitcoin can withstand this decisions.

bitcoin didn't lose any value at all. the price drops are just fluctuations and price moving up and down. nothing else.
and as i said may times before about ETF, it is not a direct thing that can affect bitcoin directly. the decision whatever it could have been, couldn't have any major effect on price whatsoever. and these things that are limited to one country are always small.

It is fun to watch bitcoin rallying again.

I mean even after the ETF decision, the price is still hanging around at that $1200+ level which is really just amazing in my opinion as there was a lot of speculation leading up to the decision and everyone thought that the price was going to the floor once the decision got rejected.

Obviously it didn't. There will be future ETF decisions but i don't think they will matter as much after what i've seen this time round.

Bitcoin is still strong after this decision because it have wonderful community and huge adoption. Good to see it's back on $1200+ and chance to get another rally to push to new ATH.

In my opinion, there will be no wonder about the stability of bitcoin prices as bitcoin ETF would have been acting as an external forces which could push bitcoin prices further but definitely not a fundamental one which supports bitcoin prices. Just SEC rejected etf application but people worry pretending like government gives a negative statement about bitcoin ecosystem.

Again you go wrong. Any company's bitcoin ETF certainly will help bitcoin prices to appreciate. I believe in near future more companies will start showing interest on issuing bitcoin ETFs. In those times we can expect bitcoin prices start flying to moon.