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Title: ETF not approved. Price drops by 300$ in 15mins Post by: jaideep1000 on March 10, 2017, 10:38:30 PM News is out: http://www.theverge.com/2017/3/10/14883350/sec-bitcoin-etf-order-winklevoss-denied Saw the drop happen myself. Pretty amazing. A 20% change in just 15 minutes. As a day trader, for me now is the time to buy What is everyone's opinion? Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: polynesia on March 11, 2017, 12:56:01 AM News is out: http://www.theverge.com/2017/3/10/14883350/sec-bitcoin-etf-order-winklevoss-denied Saw the drop happen myself. Pretty amazing. A 20% change in just 15 minutes. As a day trader, for me now is the time to buy What is everyone's opinion? The price seems to have recovered smartly after that. Bitcoin is trading at $1130 now. People expected it to drop to $800-$900 if the ETF got rejected. :) Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: chronicsky on March 11, 2017, 02:00:58 AM yeah that sucked!
ETF was supposed to be accepted with all the expectations they gave Anyway! good time to buy? yeah , it will recover :) Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: xskl0 on March 11, 2017, 08:36:21 AM I though it was going to drop to 500$, good to know that the price still high Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: zombijs on March 11, 2017, 08:37:38 AM Becasue ETF rejection doesn't mean anything bad. BU fork if it happens might destory price.
Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: bitcoinisbest on March 11, 2017, 08:46:17 AM Well yes but one good thing was that price rose quickly and dint went down or stabilized at 800 - 900 $ . Else people would have really lost a big amount. Now we will need to check if this price which is at around 1185 $ currently will it be able to sustain it.
Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: zahra4577 on March 11, 2017, 09:50:59 AM I though it was going to drop to 500$, good to know that the price still high I think after some corrections, price will again go up. Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: lordquanta on March 11, 2017, 05:46:32 PM price is growing strong toward 1200$ again. ETF rejection was definitely low probability but expected correction is not observed yet. Market recovered pretty good.
Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: vaibhavsingh on March 11, 2017, 07:00:37 PM :(
I wanted to buy some btc, looks like I'm late ;D bitcoin has already increased back to normal and is at ~1200 $ right now :'( Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: eaLiTy on March 12, 2017, 10:31:42 AM yeah that sucked! I would like to differ in this stance because the chances for an approval by the SEC was really slim and it was true that the price raised citing that, but it is a common factor that the price would rise looking for a speculation and these sort of speculation is always driving the price of bitcoin and as expected we never saw a big correction which means we still find a new way for the price to increase.ETF was supposed to be accepted with all the expectations they gave Anyway! good time to buy? yeah , it will recover :) Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: zahra4577 on March 12, 2017, 12:01:31 PM :( Even at that rate it is a good buy if you can hold them for a year.Bitcoin price is highly likely to reach $2k-$2.5k by the end of this year.I wanted to buy some btc, looks like I'm late ;D bitcoin has already increased back to normal and is at ~1200 $ right now :'( Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: lordquanta on March 13, 2017, 06:22:33 AM Price is back to the 1200$ plus zone. Seems correction may take some time to happen.
Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: Benson Samuel on March 13, 2017, 08:15:26 AM Coinsecure won't let me log in; keeps rejecting my OTP from mobile. Is it because of the increased volume from the price drop? Anyone else experiencing the same? Nothing of the sort. Can you message me with any error or you user ID pls. Title: Re: ETF not approved. Price drops by 300$ in 15mins Post by: Weatherby on March 14, 2017, 03:57:26 PM Becasue ETF rejection doesn't mean anything bad. BU fork if it happens might destory price. If it is given a good amount of thought and if it is done properly then it wont destroy the price of bitcoin. The developers have to come up with a solution for the problems we have with the delay in transaction. The rejection of ETF is not approved but it did not change anything and did not have any change in the price other than a slight slope but it recovered as fast as the slide. |