Bitcoin Forum

yesterday the American Stock Exchange (SEC) "REFUSED" Bitcoin funds were rotated on an exchange together with gold, copper, and silver. that's why yesterday Bitcoin dropped in price
(please correct me if I'm wrong), what your opinion about this?

My opinion on today's bitcoin market is that we expect a significant volatility in the future, both in terms of buying and selling the BTC. Supporters of Bitcoin and ETF support seem to be optimistic. that currency is fine

The market's price drops is normal because of the charts and I see it naturally that all prices will drop accordingly as the charts tells us.

 Yes the bitcoin is quetly go down this past month and weeks but The New York Stock Exchange has filed for permission to launch a number of Bitcoin-related exchange-traded funds (ETF) just one week into 2018. this time bitcoin will be  pump again and hope it will continue


Source : https://www.google.com/amp/s/cointelegraph.com/news/new-york-stock-exchange-moves-on-bitcoin-etfs/amp

I don't think the ETF really matters that much.  Bitcoin can survive just fine on its own with the support of our users.  It already hit 20k without an ETF, this whole thing is over hyped in my opinion.  For what it's worth, I believe it will be accepted and it was only delayed so big investors can enter in the market at a cheap price.

I still wonder why people have attached too much significance to this ETF of a thing. Has Bitcoin ever being listed as ETF before now? Has it not been experiencing a steady growth from less than 1 USD in 2009 to even about 20,000 USD even without this ETF of a thing? I think we are just over hyping this ETF of a thing and giving it too much credence. ETF or not, Bitcoin will survive on as it has always been. Period!!!

Source?

Anyways, I don't bother myself with this ETF mania. If SEC finds it appalling and approved it then good, If not, bitcoin will still survived the hype surrounding bitcoin. As for the price dropping, we have seen in the last 7 months that we should be not emotionally attached on it. Just sayin.

i honestly don't understand what you mean by the train of words before this part!
about this i have to say as far as i can tell nothing happened yesterday! the "refuse" that you are talking about happened a while ago and we had the drop by then. the drop that took place yesterday was a different thing possibly because of some manipulation and panic sell which was resolves just as fast.

Can you mention the source of this news? I did a quick search and didn't find any information.

The price movement during the 24 hours or 48 hours was normal, so I do not think that is the reason.
In some cases, the news has two effects: the obvious effect of the news and the impact on the long-term.
I think news, as you mentioned, will have an obvious effect on price "Which did not happen".

You're late OP and inaccurate, What you're referring to has nothing to do with the drop you saw ( a good proof is, look now it has recovered)
And the news you are talking about is already "old" and the result already happened since.


Half of your post doesn't make sense. You could save 50% of my time and others members by not posting senseless things
ETF aka ETF
SEC aka SEC

Dude you make me think about someone with a mental problem trying to look smart


And no need to repost then again SEC= United States Stock Exchange and ETF= bla bla bla

As far as I can detemine, the latest crypto decline is linked to turkey's economic toxicity affecting its neighbors. Its similar to the 2008 economic crisis where the united states economic decline negatively affected economies of the entire world. Except its on a smaller and more isolated regional scale surrounding turkey. It has the potential to branch out and affect global markets although whether or not the damage will be contained remains to be seen. Concerns revolving around potential negative implications of greater economic slowdown or recession in the world are magnified by these events, driving markets down.

Not only crypto is declining. The DOW Jones average for US stocks is also dropping. Similar events are occurring all around the world.

American Stock Exchange has not sufficient power to be a reason why bitcoin fall. This coin is strong and achieved huge prices without this, so even now when the price falls it is not over and the price will return to the top

I think its not worrying news but the greatest news of all time. Just imagine last year bitcoin was lurking around 5.5K USD at this time period and then came in the Japan good news who declared its country being legit for bitcoin related operations. Now, the same thing is happening, bitcoin has come down a lot and now SEC will decide to launch many exchangers which might just bridge the virtual currencies with the real world currencies and thus it may drive huge investment as well as investors into this market so as to give new wings to the crypto currencies. By new wings I literally mean that we may see another ATH soon.

I don't care really. Even if they refuse Bitcoin, it will continue to be traded and to be invested by a lot of people. The "drop of price" that you are saying, it happens all the time.

We are holding a crypto currency that is so volatile, it is obvious to either dump or pump.

I think BIG people wants to make any news in order for the market to go down in order for them to accumulate as much as many Bitcoin they can.

That can be really one of the best news if happen so this refuse has so much effect on the btc price, but think also if it will be accepted ::)

if that's the case, there will definitely be a return when many investors buy bitcoin at a low price, this will make the price of bitcoin crawl up again.

sorry if the question I ask looks meaningless and makes you confused, but here I just want to know how you think about it

I think the good news or bad news on bitcoin is an opportunity that we must use to the maximum extent possible so that we can get many benefits from the effects that arise from the news.

what factors trigger this? then what things can make the world economy improve again, including in the world of crypto currencies, because so far I have not been able to find a trigger factor that can make it happen

There is no clear news that could hurt the price. This made me really quite surprised because it has dropped a lot in the past few days. The market goes down without a reason, I think this will definitely be the last discount before we approach the SEC to agree ETF

well it may be has a point, but to be sure i am also not expecting too much or having hopes to any of it, because as we all know anything can happen instantly and i am also a but scared about what will be its next move, is it good for us or not.

Before you joined crypto world you should know how risky you are facing, you should be aware about the pump and dump, the volatility was part of bitcoin and altcoin that is why you don't need to be scared what will be the next happen for bitcoin.

In my opinionwhat happens now with prices is a pure manipulation, ETF postponing doesn't have much to do with this correction.

my opinion that the america country feels threatened so the country take out the teritory about bitcoin how make the price drop

My opinion about this the value of bitcoin to day is so valuable to us it help us to have money that can helps our needs in life.

THIS.  I have no idea what this ETF talk is about.  We were at 20k and fine without any mention of it.  This drop is pure manipulation in order for the big boys to get in cheap.  Screw them over and don't fall for it. 

This is a fact that whenever it is the start of the technology, the marginal benefits are always high and it is always desired to invest in such assets for the margin of making money is always very high. With the passage of time, when most of the people have invested in the assets, the marginal benefits declines slowly and with the still rising profits due to rising demand, the price in the market also rise.

Will always happen for bitcoin. They make the issue to take advantage of buying and selling moments. And when panic occurs, their profits flow by themselves.

These two markets have different characteristics. There is a common property transaction floor. But it does not affect each other, because each property has different values. Electronic money is still stable and will recover quickly.

In the crypto market, events are of relatively minor importance, and fundamental analysis is of little use.
Those that are cited as causes of rise or drop are just pretexts used to justify the speculative movements of the whales.

We continue to do analysis as if we were talking about forex, but the crypto market is still too unpredictable to find an applicable logic.
Better to consider it for what it is, a bet at the casino, and hope to make the right choice.

I did not hear about it. I do not think that it affect on bitcoin sufficiently. Gold and silver are not interlinked very significantly each other because last years gold was in an uptrend but silver was in a stagnation. I do not consider that precious metals affect on crypto market sufficiently I am sure that there are other important reasons which affect on crypto market but unfortunately I am not so well informed to know exactly about such reasons.

It could be the reason behind it.
It think it was last year that bitcoin holders are also expecting then to pass it but failed. Again it does happen so panic might have happened since it is the second strike.

Expectations can really ruin some investors who doesnt really believe in bitcoin technology hence they where just looking at the price to sell when it bulls and nothing more.

Good thing to erase those kind of people rather than having them on the same boat.

Is this the reason you see why Bitcoin price dropped? I don't think SEC has something to do with the price of bitcoins. Maybe there are other factors to be considered about these issues which is beyond our logic.

    The market downfall is normal scenario in crypto market. Despite of downfall we are still here and continue investing because we know that after the downfall it will rise to give us more project. Lucky those who stay and invest more but regret those who are weak and fear because of the market situation.

It could be right, but all users of bitcoin know that it is a common  to the market up and down. The price of both bitcoin and all altcoins are very fluctuative,  it can change only in a seconds. I personally still believe in the market, so I don't want to be panic of it. I will keep investing and holding my assets in the Cryptocurrency or bitcoin. The potential is huge.

where did you get the source of information regarding this problem?
can you include the news link you read.

It is logic.
Even though it is not the cause of the market down, the users of bitcoin may already know and ready to face this, because the market is always up and down. So it doesn't surprise the bitcoiner or trader. Whatever happens with the market, I try to be optimist that everything will be ok and as my expectation.

I stopped looking for a logic in the crypto movements.
I prefer to follow my instinct, and I rely more on the fort rather than on the analysis.
Anyway, it's the same thing ...

what opinion? I don't understand what you mean. please explain

I doubt any ETFs will be approved next year, we just don't have enough regulations in place against the manipulation and inside trading and cartel shit going on with the market. It's way too volatile right now. Although an ETF would do it a lot of good if the more institutional money came in to balance out all the rogue speculation going on. More institutional money comes in, more demand for fair trading and regulations would be put in place. Let's see what happens with the CBOE on the 30th of September but really to be quite honest I am not holding my breath this year on that one either. I think we won't see a bull run till later next year or 2020.

I'm not an economist either. But I think the electronic money market is also affected by many other markets. And it follows the same volatility that will lead to market changes or decreases. It is so obvious in our opinion.

It is because there is no known effective regulation of the crypto market.
Once we have one, we may consider getting approval.

They turned it down again, but the price does not seem to be affected to a very high extent. We have seen worse, so to say :D

People are just talking about the SEC overtime and they think that it is really affecting the prices as we see in the market. I think thats completely wrong, neither people are getting affected because fo the SEC and nor the prices are getting manipulated with those shitty news. Remember that its more or less TA news and no one is getting affected with it. I guess SEC is just having issues calling it off for themselves and might be thinking that things may worsen if they publish something like this. Total Garbage.

I don’t know why this is happening first these people promote bitcoin and later on these people dumped it badly this is humiliating and disgusting to me . There was a time everyone was crazy about this now only few cares about thempainful is this

I think this is not one of the causes of the decline in bitcoin prices, maybe the cause is still no less big, and maybe the problem of decreasing bitcoin is something we cannot deny anymore because in the world of trade these two things cannot be separated between up and down.

There are too many people involved who are trying to keep bitcoin price low. Perhaps they are thinking that people would eventually lose interest and that would bring the bitcoin price even lower. A lot of people were waiting on sec so their refusal could be the cause but not necessarily.

I do not think there is any relationship.
The price of bitcoin is much more dependent on the speculation of whales than on the "natural" movements of the market, so it is difficult to find satisfactory explanations.

I stopped listening to all those rumors after some time. I believe Bitcoin will thrive and no SEC or anyone else wii change that. Just be patient people, great times ahead.

The bitcoin market has been down for quite sometime is a normal thing
 Somehow bitcoin price or value has been unstable due to bounty hunters, dumpers and panic seller and buyers. But lets all hope that tje value of bitcoin will increase this coming bullish season/ market. Lets all wait patiently and calmly. 

Even without that stock exchange refusing ,bitcoin price will drop because of volatility and this is a normal rotation of prices,look whats the value now?isnt it going back to normak of $6,500 per bitcoin?so please stop making issue that will only provide negativity to all concerns as we are not helping the community instead making it drops more


What about the bounty hunters?they have nothing to do with bitcoin price because all they're concern is alternative coins or tokens and not the top one crypto coin..but i agree on your stand about the normality of price unstableness and thats why cryptocurrency is a good source of profiteering for knowledgeable people

It does not matter if bitcoins will go down for quite sometimes because in this way you can invest even more to earn a huge amount of profit when the market pumps up again.

We always look for strange correlations, but the reality is that the crypto move in an apparently random way (or, better, depending on the various speculations), so it is difficult to find some logic and - consequently - make predictions.

This whole ETF issue was just being use by people to create commotions in the community, yes some will panic sell while some take the opportunity to buy more. Though there's some that think ETF is needed for bitcoin to grow more and this is the key for adoption. First of, the pending application will just get postponed and this ETF issue will linger throughout the year.

in my opinion this does not significantly affect the fall in bitcoin prices, but it has the effect of going up if they accept bitcoin

yes I also heard the issue. that is why the agency from America has not accepted or legalized BITCOIN. because if bitcoin is legalized it is likely that gold, silver and copper stocks will fall. but bitcoin will soar very high. and while the most people in Americans have stock in gold that is why BITCOIN has not been legalized

You seem to be heavily misinformed. Bitcoin is quite legal in the States. Exchanges like Poloniex, Bittrex, or Kraken as well as online wallets like Coinbase or Xapo are all US based, and they have no problems with the local laws (maybe just some minor legal issues). And no, being legalized there didn't lead to gold, silver and copper stocks fall. These commodities are where they have always been, more or less. Nothing has changed.

The question here is about declining the application for the creation of Bitcoin derivatives in the form of ETF's and trading these derivatives at relevant markets so that institutional investors could buy them "officially". And this is also rather a minor issue in the long and complicated history of Bitcoin.

Different people have different opinions about today’s bitcoin market. Many people consider it is a bubble where as many people consider it is as a future currency. Bitcoin is mainly famous for its investment purposes. Because of its increasing price many people invest in it but because of its volatile nature some time they loss their money and consider it is as a bubble. In my opinion it is the future currency. It is accepted by many multimillion companies like Microsoft amazon etc which will help it to grow its market price in future.

Looking for a logic in the movements of the crypto is really a useless and frustrating exercise: today the bitcoin has lost in a moment more than 5%, and Ethereum even 15% !!!!!!
And this without any apparent reason.
Maybe it's less risky to play at the casino ...

I think ETFs don't have much effect, and indeed for a few days it has gone up a few dollars but not too much or back climbing, it might have happened at any time

Perhaps in the future it will be possible to find a logic in the movements of the crypts, and then to create instruments of analysis a little more reliable.
At the moment there are only heavy speculations, totally unpredictable unless you have confidential information.

I don't think this has a big enough effect, the volatile bitcoin price is not represented by one thing. there are still many other factors that influence the price of bitcoin at this time.

The market has its strengths and weaknesses. The important thing is that we should know our finances. Choose the right way to participate and invest to reduce the risk. This is the crux of the matter to be smart and ask for help from the community.

Yeah I ever read that news, it is not only that reason. I read that U.S. Securities Exchanges Commission (SEC) was investigating how the ICO of bitcoin works and observing the market cap of bitcoin . It seems disturbing the stability of bitcoin price. We all are expecting that bitcoin will be back as last year and reach top value.

We continue to look for a logic that does not exist: while it is true that the moves of the various authorities can influence the market, for better or for worse, in fact the bitcoin movements are almost exclusively due to speculative maneuvers of the whales.

When will this noob and weak stops asking about why bitcoin drops prices ,this is happening for more than nine years or almost 10 years now and still don’t understand what this market is all about

Bitcoin is volatile and we cant change that so if you cannot afford to accept this constant changes then I believe you should leave this market