Bitcoin Forum

Bitcoin => Press => Topic started by: themerkle on August 10, 2018, 05:13:28 AM



Title: [2018-08-09] Bitcoin Price: Could Today’s Rise Signal the Currency’s Return?
Post by: themerkle on August 10, 2018, 05:13:28 AM
At press time, the largest cryptocurrency by market cap is trading for over $6,400. That’s about $200 higher than where it stood 24 hours ago.

https://youtu.be/V59HPPMdeq4

Yesterday, we discussed that bitcoin had dropped significantly in reaction to the Security and Exchange Commission (SEC) postponing its decision regarding the bitcoin ETF submitted by VanEck. Up to that point, this appeared to be the only bitcoin ETF that was in good standing with the organization, and many believed approval was imminent.

Read More: https://nulltx.com/bitcoin-price-watch-could-todays-rise-signal-the-currencys-return/


Title: Re: [2018-08-09] Bitcoin Price: Could Today’s Rise Signal the Currency’s Return?
Post by: Slow death on August 10, 2018, 10:07:11 PM
this appeared to be the only bitcoin ETF that was in good standing with the organization, and many believed approval was imminent.

this " many believed approval was imminent. " is the big problem, we are always making assumptions, we always create great expectations when they are things that involve a lot of bureaucracy and take a lot of time, we should not create high expectations in exaggeration ... this case of ETF should serve to change our behavior and stop being the type of people who only buy bitcoin because they heard that in X days will have good news and when the day of such good news comes they sell their bitcoins and disappear and repeat the same vicious cycle.