Bitcoin Forum

Many will say that this is impossible but I believe that is very possible. If SEC  finally declare cryptocurrency as Exchange Trade Funds(ETFS).Then there will be huge pump as many institutions will flow in and the market will boom .

Can you what's the reason that makes you feel it looks possible for SEC to approve the bitcoin ETF? At you can try to explain this. In my opinion, there was a lot of chance it will be ignored and i was learning from the past experience about the SEC still not early do approve the bitcoin and remember there was a news that the US authority still learning more about the advantages of blockchain

I think you said it yourself. If the US Securities and Exchange Commission finally declares cryptocurrency as an exchange-traded fund (ETFS), it’s just if it’s just a guess, it’s an indeterminate number, something we can’t predict, I think we Just wait quietly, don't think about things that didn't happen.

why do you think "the market" is one entity that moves together?!!

there are nearly 2000 different coins in this "market" that you are talking about. and each of them are individual projects and are affected by different factors. for example a coin with unlimited supply and a huge circulating supply and no usage can not just go up and stay there! it will get dumped and come down.

can you become a billionaire? of course but only if you sell before the dump of that pumped shitcoin comes otherwise you will see the value increased on your "screen" and then continue watching it evaporate slowly until you go broke again.

To be honest with you even with the market is prepping up of a bull run not all of us will be billionaires as there are still many of us are not studying the market deeper. As many of us have known the market is in constant changes and many of us are triggered emotionally with the prices and as a result do bad decisions. For you to earn your millions you would need to work hard and have a bit of luck.

They have bought their cheap bitcoins and now it is the time to spread the news about another ETF to pump the price up and when they are done happy about their profit they will decline the ETF.
Price will always fall after rising :D
Or you just buy and hodl quietly to see what happens :D

I haven't seen any single market only in bullish conditions yet. Every market is going up and down. Their definitely will be a fall after a rise. ;)

Become a billionaire will depend on your assets holding. If your asset is huge then it could be. But I dont think it will happen again investors are so careful right now to pump and dump. Bull run will not sustain long.

stop dreaming noob because theres no thing like never ending bull.

Donyou think that continues investments will happen ad no withdrawals or conversions?lol eve in your dream this will never happen.

Stop smoking grass brother because only hallucinations gives this to you.

Cryptocurrency will grow this bullmarket but for surely will drop when corrections happen

I don't think its on a bull run yet. In my opinion, its too early to tell and the increase is just normal since bitcoin is in the slumps for a while now.It can go up and that is what's happening now. There's still a long way to go and we still have time to invest. I will get paid next week and I'll invest it on bitcoin. This is the time to be cheap  and invest everything on BTC.

thats actually the prayers most of us have, for the bull run to come and at least stay for a while but we all know that this is the crypto market and we know how volatile the market can be, the bull run can never stay forever, therefore just take advantage of the moment when it comes

i think its really depends on the person how to manage cryptocurrency and become a billionaire, even bullrun will come out tomorrow and people dont have knowledge and technique how to manage it still its just a big waste of opportunity to become a billionaire. but people who has great knowledge and techniques in crypto even this bear days are still making profits. thats why knowledge is the greatest foundation of all.

I hope that the US Securities and Exchange Commission will finally announce that the cryptocurrency can be passed by the exchange-traded fund (ETFS), so the market will really be as good as you said, and we look forward to it. The bull market is coming soon.

That could be a reason for a new bull market as it will be a big news that will surely increase demand for crypto however it is hard to believe that it will happen soon probably in next few years no one knows. But being a billionaire with only that, I don't think so as you also need to strategize and a sum of money in order to earn larger amount of profit if bull will start again.

The decision about crypto will be accepted only in October. Till this moment the market can show us new minimum. Be careful with your optimistic forecast.

That's true that if SEC ETF will finally get approves the bull market will finally came in and it will make bitcoin rapidly increase again.

Why it was placed on October? is it by this August 10 right?

Many are actually waiting for that approval by SEC of the ETF for Bitcoin which can be functioning just like the ETF for the real gold. In this case, there can be a big possibility for a real big bull run for Bitcoin if finally the ETF is approved but we know that this is not an easy thing to happen as SEC is still skeptical on things around Bitcoin and cryptocurrency. Let's hope that in this case they can finally see the light and give it a big YES. Will we be billionaires? Well, yes, that is if you have a lot of Bitcoin stashed somewhere unlike me which only got a meager one.

If the bitcoin market goes back and never decreases it's a good news. I can become very wealthy. I was holding some bitcoin and just the price was up I was up. The coin I invest will be priced, I can still make money on the electronics market.

There is no guarantee that the SEC will approve the ETF and it was delayed to September, but for the big exchanges that filed their ETF back January, they might get approved around August

Yes, I am expecting such a thing to happen, but we must remain sensible. I believe that the market will rise again. It is not a simple matter to become a billionaire. You have to be patient. It is also necessary to invest a lot of money to realize the dream.

I think it sounds more like a dream. ;D
Because the overall market is still undercapitalized, it is unlikely to keep rising even as ETF drive large amounts of money into the cryptocurrency market.

Well, not all will become a billionaire because in the first place, only a few bought a bitcoin on its dip price and most of them are already a millionaire or billionaire, the big whales. The pump of bitcoin is caused by the positive news that spreading recently. We are not so sure if the news or update  is manipulated by the big whales as well for them to exit and gain profit, then they will buy back when the btc dumps again.

There nothing wrong with being optimistic but that's probably a little over the top expectations wise

It's natural for markets to experience highs and lows and Bitcoin is especially volatile so there will likely always be bull and bear trends not just one consistently

Markets don't do that. They don't just go bullish permanently. There's a massive chance that the market picks up until September until the ETF is denied and then it dumps harder than ever.

Its good to be positive or bullish but do not let emotion cloud your judgement.

All those person who hold altcoins are always dreaming that scenario where cryptocurrency will be declared as exchange trade funds by SEC. I am pretty sure that a huge pump will come and will be bigger than last year's pump where BTC reached $19,000. It might be possible since everything in crypto world happens surprisingly but on the other hand, it will just a dream if those scam ICOs will not be minimized.

What comes to your mind thinking that this is possible?even in your wildest dream this will never happen

All things in the world that comes up must come down,in order to continue the right balance of everything,so if you are saying price will continue to grow then where would the other investment would come?since every money will remain inside the market to make the price stays growing?

but there will still be ups and downs it wont be a rise always as there might be time of saturation and everything might collapse although it might not be possible but something to look up to or hope for

I believe that Bitcoin itself will always hit new high price, but it's almost impossible to see an infinity bull run. In fact, there is always FUD created by big people in the crypto space to dump Bitcoin. What is the purpose? Simple, imagine you are a billionaire and you want to jump into crypto, put some of your money there, what will you do? you can put your money anytime even it's a bull run, you would better to either wait the market is down or make the market down. So you will get more Bitcoin with your money and you'll be able to take more profit from it. It's just one of examples.

Well we have some news today and if you haven't knew it.

Here's some hot bad news. :-/

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
https://cointelegraph.com/news/cnbc-winklevoss-twins-bitcoin-etf-application-rejected-by-sec

i don't think SEC will be going to do that in the near future as there are lots of drawbacks when it comes to trading with the cryptos as you cannt take tax from the people, you cannot stop the black money even and there will be no authentication of the people mining or trading with each other so these things can lead the county into corrupt society so this might be difficult to say that SEC will make this permanent exchange medium.

If that would be going to happen then it is a big advantage for all of us. We can make a living here in crypto with just a few days. We can surely sustain the needs and wants of our family.

I know that the market will bull again but with the way the market is set up and how volatile the coins are there is no way that the price of the coin stays up without falling back down to lower prices. The best thing will be for you to sell when the market is still in a bull and get out with the money that you have and then you can buy back in to the market again when prices drop.

Haha. I like the though of this, because I would definitely be a millionaire, but I do not see this happening, and with a constant rise in the price and value of crypto, it might just be the end of it,. I like to think that the bear moments serves as regulation to the market and it is what keeps it at a constant.

Your idea is good, but it is impossible not to fall. The market cannot always be at the top end. Only a better rest can have greater growth. I am looking forward to the arrival of the bull market.

It's raw enacting exchange to alteration highs and utter and Bitcoin is mainly frivolous so thither liking feasible always be bull and collection tendency not upright one consistently

You must always keep in mind that. Everything goes through four stages: Start-Up-Recession-Death. There is nothing that can grow without stopping. And if the SEC refuses ETF, then what you say will fail

Maybe, but keep in mind that a market that grows too fast will lead to great correction as well. So I think it would be better if the market grows in proportion to the growth of the community, because that would probably be the real value of capital.

I don't think it is possible for the market to bull and not experience a fall in price again. I don't even think that that spells out a good thing for the market. I would like to think that with a situation like that, it might lead to a crash in the market, and maybe a possible death. Every one wants to see some greens, but we should expect to see a bloody street every now and then also.

But seriously, is crypto market ready for ETF? I'm thinking some regulation has to be in place to avoid certain things and shit coins from being listed. It is however a fact that ETF if allowed, will change the face of cryptocurrency and it will become a success story for present adopters.

Why do you believe that the SEC will announce it, give me your reason or your assumptions why the SEC has the possibility to do? on the other hand there are still many things that become the weakness of cryptocurrency I think still need a lot of improvement and even this is very unlikely in my personal opinion.

Indeed people who panic sold and left crypto on the first quarter of 2018 will jump back to the train and demand will soar which will result in price increase.

Dreaming is healthy of course. However I do not know how realistic such forecasts as the endless growth of cryptocurrencies are. Over time this growth could turn the cryptocurrency market into an absurd one.

It depends on the number of coins that you have and the kind of coins that you have, if you have coins that have done very well and you have a lot of it then I guess you could become a millionaire from that. Mostly just boils down to the kind and amount of coins you a=have but ya if the market does not go down again then you retain your millionaire status I guess.

It is possible that it would create great financial flow and abundance once the market bulls again. Can't wait for this to happen, we just gotta wait and hodl a little longer until the market begins correction and the prices stabilize. I believe it would happen soon enough and the year would finish with a great bang.

it would be very interesting to all good people who still do not know the currency crypto tersebu. and surely if it could happen maybe altcoin would be the currency most needed by everyone.