Bitcoin Forum

Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.

Lately,BTC price movement is very impressive. Despite the rejection, investors are very positive about the industry and future prospects and to me that is more success than higher prices,Once everyone is positive and believe in the power of BTC and cryptocurrency,we will conquer the world and btc will be a daily currency in the market,grocery shop,cinema etc.

Yes, I have a potiental thinking about Bitcoin too.
This is a time for Bitcoin comebank, I think so. Look at it's price in recently so I sure that the Bitcoin price will increase soon.
I guess Bitcoin price will reach $8500 in one or two next day :)
Remember my guess, haha :P

bitcoin has shown resilience towards negative indicators and factors that could led the bitcoin price to plunge below the 3,000$ mark instead.

Until now we had many such ''bad'' news in crypto world and btc price drop a lot.
I think that most people in ''panic'' mode already gave up from bitcoin and crypto and moved to some other ''big'' thing.
So, I really think that bitcoin price drop enough and that now we will see full recover of btc price soon.
People (who stayed) don't panic any more (as before, in the beginning of year), have more realistic expectations, see btc as long term investment possibility and they are wiling to hold and wait how long is necessary.

Bitcoin is taking over and there is not much to stop it.  It just needs more time that's all.  TO get the ordinary man to switch from paper to crypto is no small feat.  A lot of people in the world cannot read so there is a big challenge.

more and more bitcoin users are well informed and resistant to FUD now
they become more confident on bitcoin investment and not easily panic when reading negative news
people get smarter and start using common sense rather than simply following FUDs 8)

Now it's time for the BTC to return, maybe in the next two weeks, the price of BTC will be up to $ 10000. I know, but I do not have enough capital to invest in this coin. I am very poor.

this wasn't a rejection of the hyped up ETF, it was the Winklewoss ETF which was rejected. you can follow the news online, i don't really follow it to give you more details than this.
and the drop was just a newbie panic sell because they heard some FUD about it and thought the end of the world was coming to them like they always do and the result was a small loss for them this time because the dip was a tiny one so they could still buy back if they wanted.
in any case the rise will continue even if all the ETFs are rejected. we will just see some short lived drama.

Yes it is, for the price is resilience that's why we must keep on believing on it. Though there are negative news about bitcoin but it is in our selves how bitcoin inspires many people.

We have been doing well even without the ETF and that ETF being rejected a few days ago is not the "big one" that we all have been waiting for.  What we are waiting for is the CBoe ETF proposal which is due for approval/rejection somewhere in August. That's why when the price declined, it has recovered nicely. But you need to wait up until the critical days leading to the CBoe application, I'm sure if ever we get a bad news bitcoin will live but we might felt panic if the proposal is rejection. But then, it will be short-lived and Bitcoin will bounce back again.

Yeah BTC will keep on holding on. BTC won't die easily. It was the first crypto coin and may last a long time before it dies (if it does). I was surprised how it dropped as soon as it was rejected by ETF and the next couple days later it just kept going up steadily. Looks like a promising time to invest into it.

It's been pretty great to see bitcoin holding 8k up, (besides a slight dip the other day).  How long before it crosses the 50% dominance threshhold?

The price of bitcoin rising in july, the bitcoin price which has been on a declining trend for several months and this rise for crypto investors is morale. I guess that the rising will continue and that the altcoins will be reflected in the price as well.

every FUD will only make the bitcoin fall for a while. and we must be patient for this condition.

The SEC has a purpose to minimize the risk of crypto, but I think rejecting ETF is a mistake, and that's not the solution.

Yes, thats right that is why i keep believing on it because btc is such and amazing coin, remember btc will always surprise us just believe on it and dont listen to those fake news,lets hope for the best of bitcoin,keep holding and believing.

there is no such thing as "50% dominance" what you are referring to has nothing to do with dominance but it is simply market cap of bitcoin which is a meaningless number compared to the total market cap of about 1800 altcoins. and it will go down as long as new altcoins are growing like mushrooms out of thin air and will go up as soon as these useless altcoins meet their inevitable doom and join about 4000 other altcoins in the graveyard.

I still believe that the bitcoin will remain strong in the face of its obstacles, with the lack of influence of the ETF with the bitcoin price I think is enough to see the power of bitcoin.

many bitcoin predictions will rise again from mid-2018, so if you panic then the defeat and loss is on your side.
if you stay calm and wait, luck is waiting for you.

I think ETF can not compete with bitcoin because most people know bitcoin False news can no longer have an impact on people so less people sell their bitcoin .I always see the coin optimistically because I believe in bitcoin .

I think the SEC is wrong to make a decision, the rules they make will bring the bitcoin collapse, it seems the SEC considers that the ETF is HYIP.

whereas ETF bitcoin is not HYIP, but I am sure that SEC action will not make bitcon fall deeper.

are you sure ? with the today correction conditions, bitcoin difficult to rise, even change the value from 7K to 8K takes a month more.

it is a bad increase, so let the bitcoin trade in the market that determines the value.

What Btc needs is stability then everyone will love it. If only the investors can stop panicking whenever there is a shaking, the overall confidence will improve.

The price of bitcoin was totally a comeback ,look at the price now its totally recovered for being dumped and curse ,so for now its good to buy it because many government was totally looking for the use it ,so there is no regret if you buy now.

We are starting to see the increase in price of the bitcoin and it is a good sign that the market is already recovering.Bad news are every where we should not believe them without any proof.

It has become commonplace when the market is full of good information and makes them buy to sell when the price is high. And now, who I know ETF has been rejected by the SEC and makes some bitcoin users decide to sell and keep the bitcoin price down. This is what always happens in bitcoin market, so I can determine the future of bitcoin market is strongly influenced by any information that comes.

this is where the power of BTC / ETF is proved, a lot of rejection and negative influence on BTC last week, but who has good mentality then will defend, on the contrary if sell at the price of pliers down then will suffer losses.

Bitcoin is a crypto currency that does not have a fixed price in Crypto industrial, like wise alt-coin, therefore, bitcoin price drop, does not mean is going to be a permanent, but rather is the best time to invest in the system for a future profit.

My feeling everyday base on the price of bitcoin  :D.

From my point of view it’s the high time to invest on BTC to return. I think maybe next week  the price of it up to 10000 dollar. If anyone have capital they should invest here I think.

   Bitcoin is really has a great potential that nobody can't stop even the sec or the government. All of that is because of  the people that still and always believing in bitcoin and because of the investors that trust bitcoin. The more people keep on trusting in bitcoin the more bitcoin can grow stronger and valuable in the world of cryptocurrency.

The market price of digital assets is so, without realizing the price changed drastically, but I predict that bitcoin prices from September until the end of 2018 have increased

Bitcoin has shown its resilience many times-there have been many scare stories about its use, its value, its future etc and it is still there still surviving and growing in awareness and popularity. Let's spread the good news and positives about BTC and its future.

I assumed that a week ago that if though ETF approval is declined by SEC it will merely effect in the market price for a short time. But BTC price will be increased by the time whether it is in slow motion. It came as more fast than I thought. That's a happy news to everyone.

Well, I think the ups and downs movements of bitcoin are not surprising because as we all known this system is very volatile therefore we don't need to be shock and surprised when it turns ups and downs. However, I believe that it has a very good potential in cryptomarket and hopefully it perform much better in the next few days, months and years of it's existence therefore all of us will be much benefited.

I don't think Bitcoin needs ETC as much as many people think. The rejection of ETC may give bitcoin a hard time. But i don't think that it will be longer.

I think it's time to get Bitcoin's price boom. If we look at the figures of the last year, then we see that the price of Bitcoin has started rising since this time and reached the highest level at the end of the year.

BTC looks like it really will draw in most of the capital longer term, with futures markets, ETFs, etc, all likely. So expect more turbulence ahead as the highly leveraged traders, bots, whales, FOMO-kings and weak hands all do the dance.

ETF rejection had nothing to do with BTC's recovery. BTC was constantly making recovery at the same pace for quite some time now. There will be more hearings of the ETF sanction in the future, this may play a vital role in BTC's price, but the rejection won't affect it till it reaches a stable state.

I think Bitcoin is currently the most secure and potential. Its price will fall slightly but it will also exceed 8 thousand soon. Because Bitcoin is the most sought after and used in the crypto market.

Bitcoin is the highest demand and trust in the market. Though Bitcoin is a bit lower, I think it will be reclaimed very quickly. There is no doubt that more than 8 thousand will rise. Because Bitcoin is the most trusted and secure in the crypto market so far.

I think bitcoin will be back on the track soon. Only price drops is not enough to stop bitcoin. Those who invested for long term are holding their coins for the better times.

Short-term investors are getting out from the market by their panic sales. I think bitcoin will be recovered in a short time. So it will be great for long term investors.

Most of the people is actually panicking every time there is a negative news about bitcoins and that is the reason why the price of all the coins in the market is decreasing as well.

Yeah that's what I'm thinking...a strong buy support will come soon and we just need to be patient to wait. Whatever the market condition if it fall we should not be panic as we believe in bitcoin technology that can overcome any market difficulties.

The resilience of bitcoin prices at high or low values will not last for long, as fluctuations are already characterized. So with the fall of the price after the increase I feel reasonable, because there will be an increase again after dipped.

Bitcoin ETF definitely affects the price for the past 2 months as the market reacts to such acceptance if ETF approved then the influx of millions capital into the market overnight cannot be considered trivial. Bitcoin price also briefly dropped below $8,000 ($7569 now) after the news of SEC rejected an ETF application by Cameron and Tyler Winklevoss again. However, there are a bunch of ETF applications to be considered and SEC can't avoid all of those files.

And now the price went down, I know that it was refreshing to see some good news and to see the price going up, but we cannot get excited for every single movement in the price of bitcoin, to me this is bitcoin moving as usual and while I also think that sooner or later the SEC will approve a bitcoin ETF that does not means that it is going to happen as soon as people think.

It was going incredibly well and stayed up for too long.
I was honestly starting to believe that bitcoin will have a new rush of people getting in and altcoins will increase following and we would have a great bull run just because bitcoin prices stayed up for so long than one morning I wake up and BAM ! In the past bitcoin has ignored many such big factors and stayed strong and claimed up new peaks on its own.

I think its insane that bitcoin prices keeps plummeting one after the other whenever we get a bull run, not sure why this keeps happening almost all the time, people were bullish on the price as well and everyone was like me expecting good things to really happen on bitcoin but I suppose some rich people did not want that at all.

That's the thing, the SEC rejection didn't really hit me much, because even if they don't approve it, the potential of Bitcoin is still there. Even if they don't approve Bitcoin, Bitcoin is going to grow more and have a huge number of people appreciate its existense and yes, that too, without SEC getting involved.

It is only a matter of time for bitcoin to make a bull run again this year but the ETF hype seems to cease all because of its rejections, we are going to see on its future run what would be the final decision for Bitcoin ETF, tbh bitcoin achieved its great prices without the help of ETF and it's not going to affect that much to the main bitcoin later on if that request approved by the SEC, there would be some benefits but not as much as it can get to the ATH.

An ETF would be a big push to the price but if it will be rejected then there is already a demand to the coins as what you said that's why even if the price falls down a lot of times, it would just go up because there are always people who are willing to buy the coin. It's technology mey be old or as what they say, it is the first generation coin that's why other coins would replace it in the future but since it is the most famous of them all, it is still the most in demand and besides that, it is still use for its actual use case which is being a payment option.

Every time we hit the bottom expect the price to rise easily. People react of every negative news, and they even sold at a loss so maybe after this drama in the market we will start heading to go up again.

Let them go, because weak hands has no place here in this market. They will just continue to do the same until they loss all their money.

You think SEC does not know the potential that lies in Bitcoin? Sure, there is no doubt that such an approval would mean a lot for the quick growth of Bitcoin and possible adoption, but still does not mean without it, Bitcoin will halt in progress.

We all know how the market has been resilient despite all forces and blows dealt it over the years and as true believers in the new system of payment that sees the real value keeps increasing and the currency aspect of it starts becoming more glaringly useful, the more resilient it becomes.

Bitcoin was down to its last bits. I am seeing the chances of, from here on people would buy as much as possible, if whales push really hard they can make it go down even further but after certain amounts its harder for them to drop, dropping from $12k to $10k is still $2k but its harder than dropping from $6k to $4k. There is a lot more resilience here than there.

Hence if you really wanna drop the price for your "short futures", you would need to have a ton of bitcoins to sell in order to drop the price and you will face with millions of people who are trying to gather your low price when you are trying to do that. Its really risky for even whales.