Bitcoin Forum

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen! (https://soundcloud.com/buy-or-sell-what-the-hell/bitcoin-etf-decision-date-and-europes-largest-trader-moving-to-crypto)

The August 10th date is a crucial one. Depending on what will be decided about BTC ETF the market will take a very clear direction. I'm quite optimistic, in which case that would be the moment of the reverse of the trend.

Nothing is certain in crypto anymore, we will just have to live one day at a time henceforth. A lot of predictions has failed, so it's better to be on the safe side.

many predictions and ways of emerging to overcome and find solutions to the problems facing the market today.
there is nothing definite in crypto, everything can change very quickly. but I still hope that the price of bitcoin and altcoin other quickly progress and the price will not decrease further.

Yes, this is probably boost the market, we don't know how much ??? :o Will you participate in ICOs july-august? If yes what projects? Have you heard about this one - https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a (https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a)

I believe after August month only we will find the Bitcoin price gonna rock in the market. Please check the news daily with in some days you can get the some good price change as well who knows.
I want the bitcoin to touch the 10k USD soon. I believe price will reach to its peak value also before this year end.

Well, until August 10, it remains to wait awhile. Were waiting for this time much longer. By that time, something can be determined with a network of lightning in bitcoin, which they promised to introduce in September. It may be that by August, bitcoin will begin to grow for other reasons. Now there is a lot of different positive information and bitcoin at any time can start to rise in price.

Still, Bitcoin revolves around the ring from $ 6200 to $ 6800, where the price proved to be stronger than $ 5,000 and less than $ 7,000 so far.
The news is good for those skeptical that bitcoin is weak and the price may collapse but is not reassuring for those looking for quick profit as the Betcuen is close to stability and stop the fluctuations.
Regarding the recent rise, I think that's why ----> Schnorr Is Looking Poised to Become Bitcoin's Biggest Change Since SegWit (https://www.coindesk.com/schnorr-is-looking-poised-to-become-bitcoins-biggest-change-since-segwit/)

The volatility in a young financial market such as cryptocurrency is unavoidable so investors need to have a proper investment strategy for themselves to be proactive in all situations of this market. I think that everything will be fine in the next few months, there are better signals of the market.

However bitcoin price started bumping in the market today. We need to check the marketplace value growth on other altcoins also then go with the right coin which is being cheap now and potential to grow more in future.
Please hurry up and make your investment now. You will get the profit more in the market.

I wouldn't put enough weight on that news if its the US SEC approving bitcoin ETF, but if its EU we still don't know the effectiveness of such approval.


It just the price swing repeating its self again. The price suddenly pumps today, for whatever reasons, but I wouldn't be too excited but be another bull trap or a dead cat bounce so just stay vigilant. Remember a few weeks back we went from $6300-$6800 then fall again to $6200 levels and now we are seeing the same pattern again, just saying.

That level could turn out to be the lower high to beat, and that perfectly fits in the downward trend we have been going through pretty much this entire year. A small bump up is nothing more than a small bump up.

People tend to over-exaggerate the market situation during a what looks to be a small scale recovery. The 12h chart looks pretty bad and there isn't much that can change that other than a strong jump over $8000.

I first like to see the volumes show a proper increase, because as long as that isn't happening the odds of a recovery are still extremely slim. At least we can keep accumulating, that's the good thing.

I just realized this from your post, that yes! EOS has been dumping ETHer onto the market, of course that is partially responsible for the price decline. I almost forgot about the ETH collected from one whole year of ICOs. $4 Billion. And that is the price of average ETH gained. Is there any information on how much of their total ETH collected was dumped? I looked but did not see any of this.

Looks like crypto is climbing again. ETF 10 August, maybe some boost. But do not expect bull just immediately. Recovery still in progress.

I look forward to the results of the SEC on the issue of ETF for bitcoin. This is a significant event for the entire crypto community. The Winklewoss brothers have long wanted to launch their own fund, which will allow people to invest in bitcoin from the most common brokerage account, greatly simplifying the purchase process, and also solving the problems of secure storage of crypto currency.

More than 10 days after you open this thread, it looks like bitcoin price is spiking because of the ETF madness again. I believed its the only positive news that really push the price from the last bottom and slice the mental barriers of $7K. And now its just above the $8K mark and still holding at the moment. But the big question is how will the market react at the Aug 10 date? Its really a critical day for the crypto world because it will decide if this bull run will continue or another reversal is in the horizon.

Tbh, i think the whole ETF thing is quite overhyped.
I don't think an approval would trigger another 'bull run'. Those would be good news, yes. But not worth another crazy bull run like last year.

I can very well imagine that this hype will be contra productive when either (1) the ETF will not get approved or (2) people realize there won't be a big pump after the approval.
In both of these scenarios a sharp decline of the price is very well imaginable.

IMO it takes a lot more to trigger a real 'bull run' than a simple approvement for an ETF. The most promising event which would trigger a lot of FOMO will probably be the final release of the LN after all of the testing stages and all of the improvements.
Because THIS would really make a huge difference regading technology/usage/scalability/fees. This would heavily increase the value of BTC, which should lead to a sharp increase of the price too.

I believe EOS has already finished selling their eth off.   Ethereum has lost a lot of ground recently vs bitcoin mainly from all the dumping.  Most of the alts are bleeding while bitcoin is again gaining more dominance.

I do think bitcoin will reach new highs by the end of this year.  I'm calling between the 25k-30k range and most alts should reach new highs as well.

I second that. The ETF is a nice tool for commoners to access the market but I don't think it'll cause all the fire and fury everyone is hoping for... unless Soros decides to dump 20 kajillion dollars into it or something.

And exactly, there should be more substantial events to add value to the coin if we want to see it moving again. It'll take a big change in how people look at it, and it's uses, to get them to want to jump on the bandwagon. Especially after so much hype last year. After such a drastic spike in prices, I don't think much can bring it back up to that level again. The novelty factor can be quite short-lived of investments.

Yes, I expect that. If bitcoin crosses narrow gaps between banks and governments to merge ETFs. There are always opposite reactions to each investor. But I suppose there are rules that will help bitcoin and crypto become full and development is promising this year.

Agree with your comments. I also think that we should not have to spend a lot of time guessing Bitcoin prices after August 10. If you believe Bitcoin prices will increase in August, then you can buy Bitcoin today. If you do not trust, then you can sell Bitcoin

It will be difficult to predict what will happen next. If the ETF is approved the market will reverse. Otherwise it would be really bad.
Anyway, I hope the ETF will approve it, with the dull market from the beginning of the year to now it will be a new blow for the market.

What will happen now after SEC rejects ETF?
i have read the news that SEC rejected the propose ETF for BITCOIN! what will be the next step for this?
i was expecting for another milestone but someone stopped the progress again.

Can you post the link where sec rejects ETF ? As far as I know it just fud and SEC havent rejects ETF yet .please post your source.

I think what you are saying is the Winklevoss ETF and yes they got rejected because SEC are thinking they can manipulate it if they accepted it. If you are saying the CBOE ETF, the decision is still unknown.

For me, as long as CBOE Bitcoin ETF is still not accepted the rise of bitcoin is still undecided. The huge spike of Bitcoin in the past days is due to the Bitcoin ETF and some good news. Anyway, lets wait for the decision of the SEC.

The most and logical predictions are steady regulations for me. So many estimations are fault at the near past as we have seen. Henceforth no more critical and radical comments on price prediction; very useless and fake (hype-fomo) news are that.

ETF is not great as much as Lightning technology for me however former tech even could not supply positive price effect to BTC's way. Let's wait and invest with our decisions but never speculate or manipulate people with still price hopes!

We can only but be hopeful, it gets accepted. But, I don't think it would have a telling impact on the value of bitcoin.
ETF would definitely attract more of the skeptical investors. For the regular investor it's just more of the same.

The whole crypto market will grow, i think, just judging from point of amount of good project appearing every day. Most of project lack of funds and since the regulations are getting better large investors will be more in favour to invest in the projects. This will increase market further.

BTC ETF is very complicated right now there are so many rumors that are spreading but the sure thing here is that if the bitcoin ETF approves for sure it will the turning point of the bitcoin's value to increase or rise up :) I am still hoping that it will the start of the bull again :)

many predictions and ways of emerging to overcome and find solutions to the problems facing the market today.
there is nothing definite in crypto, everything can change very quickly. but I still hope that the price of bitcoin and altcoin other quickly progress and the price will not decrease further.

The ETF is not the make or break for Bitcoin this year. We are still looking forward to the Lightning Network that might go

mainstream and the projects that would be based on that technology. The SEC is also not the only governing body in the

world that decides on ETFs.  ;)  I am of the opinion that we might see a lot more Bitcoin ETFs being approved by other

countries.  ;)

When the bitcoin and altcoins are really seems volatile we can go with the perfect coin which can give perfect profit for it. Since the adoption from the various company increased last few weeks and investment on cryptocurrency seems increased.

Henceforth profit for your investment whoever invested few days before will be able to get more money.

Cryptocurrency is a hot investment trend around the world so I believe that this market will grow strongly in the future. ETF I think that is just one of the reasons that can make Bitcoin increase sharply but above all the demand and attractiveness of this market makes investors participate.

ETF rejected by SEC! will this continue to launch?

Bitcoin community turned their happiness into sadness when the USA SEC turned down the ETF.

what will be the next step for bitcoin?

The time that you post this topic, the bitcoin price is 6k3 $ and now it is 8k2 $. I believe the bitcoin price will increase in this August. In addition I am waiting for good news from the ETF.

I hope the good news will come true and bitcoin prices will increase as news about bitcoin will increase in August.
and when the good news I hear and what I will do is hold my bitcoin even though it is now slightly increased but I will wait for the good news It becomes real and then sells it.

This ETF agreement has been overly speculated in my opinion, this could be very fundamental news to the btc and crypto community but will it bring along such crazy spike in price as witnesses by majority in 2017 is what is yet to be known, no one can really give a definite answer to this and i doubt even the TA can as well.

However, whatever the outcome of this meet up come August 10, crypto community will still continue to duel within all odds. When the bulls are back in the woods, i bet no one will see it coming. I still say this is market manipulation, question is how long will it last?

That is a very great news to all bitcoin users around the world. They just realized how much money they will lose if they are still not invest in bitcoin so they are now applying for ETF again. I am hoping that this time it will get approve and bitcoin will surely rise up again in market.

There is more anticipation of the 10th of August ETF upcoming news, this could really determine the position of bitcoin price and how it could affect investors positively or negatively. But one thing us certain, whatever the outcome of August 10th, btc will still remain the No.1 coin and still be accepted by many, crypto community will still continue to support good project.
Just maybe the bull run won't be as expected.

I think you already give us the answer. Aug 10. As long as investors are taking note and buying the hype on SEC and leading up to that date, this bull run will go before it will come to a sudden stop once the news about the decision is released and probably the bears will be just waiting from the outside and take the market from the bulls again.

Yeah, the safe side will decision after Aug, 10th. We can see how market will react about the result, me still waiting also how far this can impact in BTC price, because we have been through how market got bleeding since Q1-Q2, hopes this will be good start to bull trend.

I find that the news is just a pretext for shark pumping blows up Bitcoin prices. The price increase of Bitcoin is certain this year, I believe it  :) :)

I don't consider that much about the approval or dissaproval from SEC because I think it will only create the temporary changes in the prices of the bitcoin,if you are holding bitcoin in long term just sit back and relax while what is happening after August 10,just like me. :D

Of course, when Bitcoin's price rises, the cryptomarket comes to life, and trade increases. Although, some experts, on the contrary, say that the price will decrease.

I think if Bitcoin ETF passed on August 10th, the bitcoin price will be over 10k

I really don't care about the ETF issue. I think everything, the news is just being shark created to fomo, pump the market blow. EFT get passed or not ?. I do not think it will affect the price of bitcoin. I believe bitcoin will go to moon at the end of the year

The whole crypto market will grow, i think, just judging from point of amount of good project appearing every day. Most of project lack of funds and since the regulations are getting better large investors will be more in favour to invest in the projects. This will increase market further.

I also have much faith in Bitcoin. Hope it will get 13 14k soon

Yes that is right, I am also expecting the same, I think that after 10th August the price of bitcoin will boost again and there will be a very good increase in bitcoin price. In fact it is the need of the time, because bitcoin price is already trading so much lower and we cannot afford the price to fell down any more.

The date was shifted further back, and the cloud of uncertainty is still hanging over the crypto sphere.
The outcome would probably be negative, as if has been every other time the bitcoin ETF bill was proposed.
We can only be optimistic for some possitive news and an upwards break for cryptocurrencies.

I expect the growth in this month but not in the initial days of this month. We will find the profit after some days likely we can see the bitcoin price at 8k USD by this month end. Please wait for the profit like you done on the regular investment mate.
So far  bitcoin seems fluctuating more in the market but after this month onwards we will find the huge bump in the price chart. So you need to wait until the coin value increased.

I think the main reason why people is urging the Bitcoin ETF, is because everyone wants to see a price pump like what happened last year.

Just like this.

So, now the date was moved which I think it will not going to be approved. Does that mean the whole market will crash? Temporarliy yes, but not for long.

ETC project has diffused the "difficulty time bomb" that it inherits from the Ethereum codebase. The blockchain contains immutable history of damage from DAO hack, is going on another path, with an alternative policy of creating new coin.

New projects are often based on rankings. The purpose is to go faster and I do not understand if it has the same owner. But I think the new project is most likely to require a certain amount of bitcoin.

Still, we don't have exact clarity about the Bitcoin ETF's because the SEC is kept postponing the approval of ETF. I think the impact of ETH will not effect Bitcoin much, yes, you are right in long run people who are holding the Bitcoin will get much benefits when the prices start increasing.

Many analysts say that Bitcoin's price this year has risen sharply due to the interest of new investors who are betting on the future of digital money as a distraction stock value or payment instrument.

I think that we can see its reaction on the bitcoin price, as bitcoin price has dropped too much in last two weeks. I think that this will continue tell the 10th of August and after that hopefully bitcoin will recover its value so soon.

I think that ETF can win the bull market for the cryptocurrency market, but even if the ETF fails to pass the review, the cryptocurrency is still worth looking forward to!

At the time of writing this, 9 bitcoin ETF applications were rejected by SEC to three separate orders. And looking at the bitcoin charts now, its price is barely affected by the result. This only goes to prove that nothing can really stop bitcoin in soaring high. Looking at its history, no matter how bitcoin non-believers crashed it, it always found a way to regain poise, even hitting new record high. Admittedly, ETF has a huge impact on the market, but that is not the sole dictator of bitcoin's future. Approved or disapproved, hopes are high that bitcoin will still manage to skyrocket SOON.

Today the ETF bill was rejected. All three submissions were turned down by the SEC, as the body considered them to be manipulated to suit their desires in some quarters.

The market is really hard to predict and I'm also tracking the market to decide. The cryptocurrency market is very potential but in the present it is dominated by too much and that makes many investors feel extremely uncomfortable. I hope everything will stabilize again in the last months of this year.

Exactly bitcoin will remain the same, because now bitcoin has become independent and it has own way of growing nothing can affect the value and worth of bitcoin, ETF will not fail as many people are now a day saying but even if it will be fail then value and worth of it will not be effected by it, I am sure price and importance of bitcoin will keep on going ahead.

Well, supply and demand as the basic principles behind the price increase/decrease. ETF is just one news that might influence to make the price go upward but its not a assurance because we don't have total control.  But it looks like SEC has disapproved it anyway (not the SolidX proposal) but we can safely assumed that ProShares will be rejected and that's what the did.

Although there's some positives news though.

https://cointelegraph.com/news/us-sec-to-review-rejection-of-nine-bitcoin-etf-applications

Yes, we have to be very careful when the market is in a downward trend and this makes many people panic about the current situation. So cryptocurrency market has very huge potential where it can deliver to new heights but investors need some patience to see the new heights.

Hopefully this ETF can have a good impact and can make the price of cryptocurrency increase in price so that it can get a lot of profit, so just follow the developments and good news from this ETF.

if indeed the ETF will have an impact on the increase in the price of bitcoin, so can it be ascertained to encourage altcoin too, because it seems that ETFs will only make bitcoin more familiar to the public.
how many days at the end of august the price does have a pretty good increase i hope it will continue.

How sure are we about that? I don’t really rely on these predictions anymore I just do as my mind says though I do some research too… but after I have seen so many predictions fail, then I don’t rely on them anymore. I’m sure that the price of Bitcoin will rise, but what I’m trying to say is that we are not yet sure whether it will reach a new high or stay below the price it got to last year.

After the decline, the most common thing is increase. And bitcoin will reach a new peak after experiencing a long decline and very much makes the owners panic. Although it didn't happen last August, I hope that the peak increase in bitcoin will occur in November or December.

Or it can it impact us negatively. We haven't seen and ETF's approval yet, the only one we have is CBoE and CME bitcoin future contracts. And we all know what happen when institutional investors entered, long term effect is not good.


Of course when something goes down, it must comes up. But the market keeps struggling this year so we can't say if its going to bounce back November or December. So make adjustment on your trading and investing strategy. You don't need to panic, but understand and look for ways to make profit in this bear season.

Bitcoin will hit the new high. on December 11, 2017, Bitcoin has the biggest exploded. Now is just the preparation of Bitcoin for the next explode. This is just a test of patience and trust in Bitcoin. Never Lose Hope.

exactly.. this is fomo and bitcoin price is down.

I think the results of ETFs cannot make the price of bitcoin rise even there is a bitcoin price tends to fall and concern because various kinds of issues circulating at this time can have an influence on the price of bitcoin.

Still, everything is in speculation which we cannot able to predict whether Bitcoin price will increase by the end of the year. Many new investors are panic about the current situation of the market whether the price of Bitcoin and altcoin will recover or not. I hope it will take some time to recover but we have to wait patiently until it recovers.

I have been expecting ETFs to bring a turn for the cryptocurrency market, but repeatedly refused, I think the chances of ETFs passing the review are very slim!

maybe we don't need ETF to see bitcoin price to go higher. as long as there is a strong support to lift the price, it will increase higher. and I see that the support still with bitcoin and soon, bitcoin price will go higher and I am no doubt with this because I believe with bitcoin. but I wonder and curious what will happen in this month since we are increasing higher in the last week but suddenly, the price is down again.

Looks like the 10th August date did not provide the highs we were looking for :(
Everyone looked for the exit door instead it seems.... dang it :(

ETF is just a piece of the equation and I do not expect it to have any serious effect on the price in the long run. Bitcoin price is still more subjected to bearish conditions at the moment and the fact that we can see a quick drop in price than an upward movement depicts that. The market is just not ready for an upward bullish momentum yet and I do not see in any case how ETF will be able to make that happen. Even though, a lot of people may have some bullish sentiment kicking in, with respect to institutions kicking in, but be rest assured that the same institutions will want the weak hands totally out before they start accumulating.

I still do not know why people will keep focusing on this ETF thing like the crypto existence depends on it. Without ETF the market has been going up and has been going down as a result of manipulations. Certainly, the market will obviously get matured over time with ETF approval, but that does not mean all of a sudden we would just expect to see some quick bullish movement as a result of that. It could happen and it could not, but there is really no point trying to put your mind so much on the future you cannot see.

Whether ETF is accepted by SEC or not, this only contributes to Bitcoin reforms that are not related to rising or falling prices. We need to understand that Bitcoin always develops in a new way.

Why are most of you fond of giving fake news here? 😒You just come here to say whatever you wish, how sure were you then that price will go up just because of a little thing that happened… Hmmm… now we’ve passed August and instead of price to rise as you have said it didn’t, rather it even dropped to $6000+. Very funny, if you don’t know what to say, please keep calm and watch than confusing everyone.

Bitcoin and the whole cryptocurrency space has even been developing long before we started hearing news of future contracts which eventually became a reality, and then we are now on the ETF path, which I am pretty sure a whole lot of this development is only going to lead to some form of regulation in the long run. I am not against regulation, but the attention on the ETF thing is too much. This was the same kind of attention that was given to CBOE futures which is for what reason at the end of the day.

Maybe you missed the news, It was postponed. That is not even the case now. The truth is it is not really a big deal as some people are really putting it. This market will still mature in its own time, things will develop further and we will get to see a better space without the ETF which the whole ETF is just a whole lot of distraction and the whole fuss around is, even makes it unappealing by the day.

All of a sudden he became bullish on his predictions:


That's what makes this market a good playing ground for everyone. You can have your own opinion and be wrong and then makes a U-turn and becomes permabull. Lol.

I think Bitcoin can be better developed even without ETF support, because Bitcoin always grows along with the blockchain, not the ETF!

Yes the best thing that bitcoin has for now is blockchain because in blockchain our bitcoin will remain safe and it will make our price even higher than our invested amount of money, when blockchain was not yet invented everyone was worry about safety but after bitcoin people really felt good and now bitcoin is growing only because of highly safe wallets like blockchain.

Yeah the fact is that August has passed and the price is still low as usual. Some people have no idea about the future and they give false statements and new about the price of bitcoin. That is the main reason that I never believe in predictions about the price of the future. It depends totally on demand from the people and the market capital.

The difference is that August may have passed, but the ETF decision was postponed which was the reason you did not get to see anything. Nevertheless, I really do not think ETF will have any serious effect on the market as people just like assuming whatever they feel they want to assume in their head just to make themselves feel good. Whether ETF is approved or disapproved, the development of the crypto space does not stop at any point and it will certainly keep growing.

Not just funny as these people almost trigger FUDs among this community which eventually backfire at some levels. I also have requested many times in speculation board but not seeing any improvements from these types of people. What to do, they are also part of this forum and our life; unavoidable ::).

The end of the year is coming again and I hope that people will invest in bitcoin again and the investment cap will increase. If it happens the price will automatically grow. There is no other reason for the price to increase. All these new are fake and the facts are something different. The current situation tells that there is no effect of ETF on the price of bitcoin.

This statement is worth to read. Today bitcoin ETF is being postponed and we already see a big growth in the bitcoin price today. People were fearing of EFT rejected and now they know there will be no EFT and therefore no ETF Rejection and this has given positive momentum in the digital world. I wonder long long will this good increase in market cap will go and how will it effect the bitcoin price in the long run.

If not for the benefit of investors that purchased bitcoin above 10000 USD, I would say that if the price would settle at 10000/bitcoin it would be good. And this would encourage it adoption across the globe, and regulated to fluctuate within 10k-15k USD in order to attract more investors and guarantee profits. For now, I don't want to predict the price.

maybe the problem of bitcoin has been solved gradually, but in this case bitcoin is also difficult to guess, but with this info is a new hope.

Because people really gets tired of this so-called ETF's bringing new money to the market place. And those who are waiting for the decision suddenly relieved themselves by investing in the last 48 hours pushing the price significantly higher than expected. For how long, we don't know, this might be a bull trap for all we know.

Information and predictions in market situations are only expectations that are expected from good and in fact there are no changes, such as the good news about ETFs that will affect bitcoin price increases on August 10, and in fact August has passed and bitcoin prices have not changed.

maybe they think some good news like the results of ETFs have value and have a big influence on the price movement of bitcoin and it turns out that doesn't make the price of bitcoin and cryptocurrency rise.

It really do, as long as there's a positive news out there, the price could be affected and a rise would soon follow. But the funny thing is, SEC already delayed their decision and the price go up. Lmao. That's crypto market for you, you'll never know how investors will react or what will be the sentiments following the news.

As someone suggest, people get tired of all this s**t and just decided to invest on bitcoin after the decision. Or people tend to see that ETF doesn't have effect that we all been waiting for, so the hell with this Bitcoin ETF's, just saying.

Failed!
ETF new date is set to be on September 30th this year,
and everyone in the community is looking for a positive outcome this time.
I hope that ETF will be approve so we can ride the rocket again.

various issues that circulate today can have an influence on the price of bitcoin and in my opinion the results of ETFs cannot make bitcoin prices rise even though there is a bitcoin price that tends to fall

yes, it's right . I believe that this ETF will be passed by SEC at the end of this month and some big pumps will appear on bitcoin volume as used to be done before last December . Just wait and see the new target 8,000$ in October , 2018.

Even if SEC rejects all bitcoin ETFs as currently proposed, somebody else will succeed eventually. Each failure is a learning opportunity and there are many rich, well-connected people who want a Bitcoin ETF and will continue to press the SEC to allow.

Maybe we don't need ETF or something like that to lift the price to the higher rate. But what bitcoin needed is support from many people, and of course, supply and demand will play a role in this situations. Without supply and demand, bitcoin cannot rise, and bitcoin will get down, and even it will fall too deep. So we need to support bitcoin and bitcoin still will give some surprise for us and in the end, the price can get the rise again, and we can come back to make a profit.