Bitcoin Forum

As per experience i know , this is not long lasting. This will be surely break , if etf get postponed again surely this will go to the hell.

Do not spend all the money at this moment , because this may down reverse sure.

Whats your views

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I don't know dude, I have seen a lot of prominent traders come out of the wood work and start posting signals again, especially in alts. Bitcoin shorts are at an all time low, people are expecting another rise and we just broke through this 6800 resistance that we have bounced off of several times before. I wouldn't be so sure that everything is just going to dump back down so quickly.

This has been one of the largest bear corrections in crypto history and crypto has more eyes on it now then EVER before, besides the whole ETF thing that in itself is a whole different issue, retail money has been sitting and waiting on the sidelines and I think we are seeing it start to creep its way back into the market.

The whole ETF is starting to become a more numbing issue to crypto investors, we got to 20k without an ETF dude, the crypto market and development moves on with or without an ETF. The whole ETF thing was just something bagholders have been clinging on to as hope to believe that we will just bounce right back up to 20k.

Nobody needs an ETF, it's as much of a breakthrough as posting a newspaper online back when internet was invented.

yes   no need of ETF. previous year also same. WITHOUT ETF skyrockt the Bitcoin to 20000.

Check out HOLO, it's still going to the moon haha

ETFs may cause the market to rise, but without it, the market will rise, and even if the ETF is rejected, we don't have to worry. I believe that cryptocurrencies will get better and better.

Most the people already discussing that ETF will not get approved that's why they are delaying to announce the result. If they don't approve it, then it will be better for us to not worry about it because without its approval the market was in a good position. After rejection it will be down for few days but after that it will be recovered and will be in a good position.

I don't think the rejection of Bitcoin ETF has brought any significant impact on the market. The price of Bitcoin is still rising. Bitcoin has a huge community of supporter and the ETF rejection will have no effect on them.

Bitcoin got it's ATH without ETF so i believe that if this value of bitcoin will continue to rise if whales permit it because the all have the resources to manipulate this business.

We really need to stop with all the fuss about ETF. The market was going well without it in the past and in the future it will make no difference either. Even if it does get rejected, we should not be so worried about it.

The truth is nobody can tell you for sure if this is the spike that will bring coins to new all-time-highs or it's just a small spike.

I think there were at least a dozen people like you back in Nov 2017 saying the same thing. On the other hand, I bet there were a lot of people who saying you should buy in January.

One thing is clear, nothing is certain in this field.

Situation is getting worse day by day and people are losing hope. No one can be sure that the situation will recover or not. So people should be strong to face any further worst situation that is coming.

This situation is really a thing to become worried. I don’t know what will happen. If the price falling continues it will bring great sufferings to the investors. I hope everything will be sorted out.

Nah, take a look at altcoin gains of the top 100 over the last 2 months.
There are very strong signs of people rushing to these coins and them recovering after drops.

Inevitably, the market will dip (it's not like it will keep in the green straight to btc being 20k).
But the dip won't last long.
BTC has proven that no one is willing to pay under 6k for it.
It did dip under 6k for a tiny bit but then sprung right back over 6k.
This really shows that we have seen the bottom.

From here to the end of the year, we can expect incremental pumps and then a full on bull rush towards the end of the year.
Right now is a fantastic time to buy, prices are cheap everywhere.
Sure you might be able to get a coin 4% cheaper next week, but overall that doesn't make a big difference.

We need to stop giving this attention to ETF. The market did run without it from 2009. So now, there seems to be no point in making a huge deal out of it. ETF is really nothing but a numbing issue right now. The market will be fine with or without it.

I think it is time get all worried about ETF’s rejection. This discussion regarding etf in this forum has been done so many times it is time to stop. Crypto will do better even without etf.

you mean, we shouldn't spend our money because what's going on now kind of not lasting long? this tiny lift in the crypto? maybe it's just a strat of something bigger?

First of all, it will be better to hold the ETF approval for a bit right now. Secondly, we need to regain ourselves and think that the market was alright even before ETF, and it was running just fine

I honestly don't think people are really relying on ETF anymore. After the rejection of Winklevoss' ETF most of the investors have learnt their lessons and rejection of other ETFs are less likely to hurt the market right now. Just like the correction after the ETF rejection this bullish correction was also on the cards for a long time. Hope it lasts longer.

So many people are still consider ETF as the important thing to the bitcoin until they are forgetting about the only important thing to support the US based exchange to provide the gateway to the US investors to join in the crypto. ETF is not everything and they are all forgetting about this one.

there are lots of tell tale signs that the ETF could be approved though. it doesn't matter whether its approved or not but its the crypto community that you have to consider whether they are open to this ETF. ETF being approved certainly makes this very different because taxes will be real by then also its like giving in to centralization. its not something that the rest of us want, least of all the whales.

It's right time we stop talking about ETF it doesn't have any effects on the movements of bitcoin. Take it or leave it If bitcoin holds $7,000 for the week, the bulls will jump back in.

All the spikes and slumps have been temporary so far in case of Bitcoin. So, according to your opinion, yes it's temporary. But, you don't really need to demoralize people now that the price have risen again. Let them decide if this is temporary or not. We can only wait and watch to see if your prediction is right or not.

The entire ETF is beginning to end up an all the more desensitizing issue to crypto financial specialists, we got to 20k without an ETF man, and the crypto market and improvement proceed onward with or without an ETF.

But this ETF rumour and news somehow giving a little or more sentiment and is affecting the market, could consider this as one factor of that temporary price rising however it's right that ETF is actually too overrated when it comes to cryptocurrency.
Maybe people could just get over with it and just keep doing the same like december back then.

Even though the ETF's decision will be postponed and the market has not recovered, I don't think cryptocurancy will become extinct, because I see a very large community and crypto have been able to get through difficult times like now, this is only temporary and impermanent.

Not sure what will happen, but ETF certainly has great affect on crypto market, and it is still delayed, market will really go to more red.

Yes, I also agree with you because as long as there is a very strong support for the coins and there is also high demand, then I think the ETF will really have no much effect on the market but I will still suggest that we should all take our time and not be in haste to sell any of our coin because the price is growing positively but watch the market till the bull run start before we sell any of our coin.

  I am also agree with you. We need take some time to spend our money. It will be ideal to keep calm and relax.Thanks for the concern it will be helpful .

Why they are hyping ETF this much that every single thread I saw mentions bitcoin ETF rejections and delay, we can't expect anything from it this year its either it will get rejected or the SEC will delay the decision for this request, there's so many good news aside from this hype and there would be an upcoming news and events that will greatly affect the price of crypto so we should not focus alone with this hype.

I think that the current market is still in correction cannot be increased. I do not think we need the ETF, which is the cause of the market turmoil in the current period. Bitcoin prices are likely to grow in the long run, but at the end of the year they may rise sharply but in my opinion, we will have a long way to go back to the $ 20,000 mark once again.

If SEC reject etf again that will felt bad effect on crypto market price but it's not be cause damage. But if approve then huge revoulution could be occur  with crypto in future. Wait and see what will happen.

Market price is volatility. Everyone know market price will go up and down, so nothing will be permanent, But if we check last year chart, Bitcoin price will boom upcoming days. so dont take any conclusion by seeing just two and three-month price.

If you have ever heard of Elliott Wave's theory then you wouldn't have said such things. According to wave's theory we passed a correction period and now finally the bullish trend has started. If you think it's temporary then invest accordingly. No need to scare others off from the market just because you are looking for some profit.

No, I don’t think that there is any need of ETF. For the rise of market, it won’t be that much necessary that ETF is a must! Market rising won’t have any impact with the rejection of ETF. SO don’t worry!

I think ETF have a less significant influence on bitcoin price movements, maybe it's true that the rise and fall of bitcoin prices is influenced entirely by demand and supply

If SEC approve etf then it will felt very possitive effect on crypto and it's make crypto sustainable reliable currency to all people. But don't what happen it  can be rejected or approved.

The whole thing is becoming confusing to me. And yeah i am agree with you in this point. I am not invest the whole lot this time for staying in the safe side. But still risks are part of this crypto world, isn’t it?

If feels so good to see that bitcoin has improved a lot in recent days. All the good hopes are coming back. I think and i wish the market will stay good like this and have some good growth in future.

I am just looking for some more improvements. But i must say having patience will bring some better results. I hope this temporary spike becomes permanent. Because we are eagerly waiting for the bull.

No doubt it is the time of worried about market falling prices now a days. lot of people are leaving & working in another source .but I have hope the market will grow up coming soon.

Cryptocurrency now rising gradually before passing it's worst time.Etf can felt effect in future if etf will be  reject by SEC again. But it's not felt very bad effect I hope.

The current spike we are witnessing in the market is nothing but just a temporal one. We still have other anticipated news coming up that may really impact the market negatively before the bullish run.

I totally agree with you on this. No one can really tell if this is the moment that crypto values are going to the moon or down the drain. We can just speculate whatever we want but we really don't have any basis since crypto values is very volatile and its fluctuations is unpredictable. All we need to do is diversify our portfolio and hope for the best of all cryptos that we are holding to increase its value.  ;D

really etf decision create a great impact in the market. i think without postponed they should announced a decision reject or accept. that would be better for the market.

No need to get panic. I hope this is just a temporary situation. Everything will be sorted out and hopefully in the end of the year we will see the good changes. So keep patience till then.

yes you are right. only because of this eth the whole market are now in confused situation.on this proposal should take a decision soon.

people are now really confused to invest because of this eth decision. how long the proposal hanging on! this is really reticulated. to better situation of this problem should take steps the authority soon.

I agree with you mate, this is another bull trap and shorters are gonna short the hell out of Bitcoin. These days all crypto traders are now into leverage trading on Bitmex. This I think is quite unhealthy for Bitcoin growth. But one thing I know for sure is that when the time is right, Bitcoin will pump back to its ATH and past. No amount of shorting can stop it. I am true believer in this technology and I am sure the good times is around the corner just like in time past..

Well, i agree not to spent all the money at this moment, in fact not every moment
Trading volume has been slowly picked up and days ago we are at 10B, now we are at 12B, there's some sort of volume coming into the market, just the matter of more or less

For ETF, despite if it get reject, i think people doesn't really care anymore because the main thing which could be a real catalyst now should be Bakkt exchange

I like to believe that it is temporary otherwise it will be irreparable loss for so many investors. I hope everything gets sorted out without creating much of our loss. I think at the end of this year situation will change

I expect growth of price till 7500$ and after that we will update new minimum. It will happen no earlier than middle of October.

It’s really hard to believe that the scenario will change if I consider the current situation. Because the way it’s getting down I don’t think it will be able to recover this level of price dropping

I think it won’t be very good idea to hope for the recovery. So this cannot be wise thing to hold the money for future recovery. That’s not going to happen for sure. So everyone should move on

actually this price reduction is not only an opportunity to buy coins and then hold the coin in the long run but it is also a bit risky to buy it because the situation is unstable, sometimes it increases quite significantly but the increase does not last in the long run and after experiencing an increase immediately decreased again and this situation was uncertain.

Every spike in any kind of crypto in the market is just temporary.
we will rise but we will experience fall in the future.
that is why cryptocurrency is not stable and volatility always takes place.
the risk is the decision to get by any holders.

Yes, I think that at this time it's not the right time to take a position, I will take a position when good or bad news from ETF comes out, so it's ready to be ready when the news comes.

where this market will actually  going to end nobody knows that so if it just a short time spark or it will last for long nobody knows that but I know that this market will keep developing so I think we can have faith on it and do the trading comfortablely

There's nothing wrong even if you spend a good number of money right now. You're not supposed to look at just the short term or near future. Your major consideration should be long term

I don't think we need an ETF. The rise of the market has nothing to do with the ETF. The current bitcoin is turning green. I believe Bitcoin will rise sharply at the end of this year.

so much talk and so little work. I see a temporary spike, that's right. but is it worth discussing. the whole market is sosboy waves, where the height and nitty. we need to look at the overall trend.

All ETF related stuff is only a big joke, just imagine previously it didn't affect crypto market and why it caused dumped after SEC postponed decision?
I think it is all about price manipulation and we should hold

It seems to me that the crypto-currency market has already adapted to both good and bad news and does not react to the news by changing the value of the crypto currency. In order to get out of the protracted Dump, which has now swallowed up the whole of the crypto-currency industry, we need not news, but real deeds that will make the world look at the Crypto-currency with the positive. For example, updates in Blockchain, the trading system, transaction costs are all that many of the ICO projects promised in their Road maps and did not execute on time.

A rejection of ETF will cause a temporary price down. But not for long term. As many people have said here we were able to see BTC reached $20K without that ETF stuff. For some reasons the market is still not showing an upward momentum. But I'm sure sooner we will see it.

if you have been trading here for long the you must have known that how unpredictable and tricky this place is so I hope that you understand that no one will able to ensure you that what it actually is and what it going to bring us,  in such time you should analyzed the market conditions and have all the updates

I think that you can play the bounce keeping in mind that BTC should break 7500 before we will see any real action, but most of alts look bullish on 1D timeframe

I also think so. The market is very slow but stabilizing. I think that we can see the growth of cryptocurrency again soon. I hope there's nothing to stop it. ETF probably not much affected, because if you remember in 2018, a good news was to give the cryptocurrency growth, but they just fell. If the ETF is approved, then most likely Bitcoin will begin to grow, but I do not expect a strong growth.

I think this will happen for a long time until the scammers will not sell their entire Ethereum

 ;D Bitcoin going down I see. You were right and so was I. Correction is imminent.

Yea no kidding. Bitcoin is down again so you were right. The way the prices of the coins falls so fast can be sometimes very surprising. Just a couple of days ago we were looking at a recovery and now we are looking at a really fast downtrend of the coins. The prices are correcting which is good but they are correcting at lower prices than they started from.

No, we can still be good without the approval of ETF as we had make it before. Although recovery will take longer but we can still rise higher than we had now and moving slowly going to top could be done with or without ETF. Just believe in this technology, we will be there.

I am also keeping an eye with ETF result because most traders and investors are hooked on to it. I am pretty sure that most of us here are patiently waiting for the ETF result and hoping for a positive result where in fact, it was only being used to manipulate the market. I heard that coinbase & BlackRock crypto ETF might be approved for some of the following reason. You may read it here https://bravenewcoin.com/news/why-a-coinbase-and-blackrock-crypto-etf-might-be-approved/.

SEC and ETF are just a decoration seen by Bitcoin traders.
Without the SEC, Bitcoin has stood up straight ahead in the world of crypotcurrency, and I also don't really need the rules of the SEC.

This time last year and has a condition that is quite different. so perhaps compare the increase that occurred in a while ago and the increase later to come wouldn't be the same. maybe even I doubt there will be a large spike again for later this year. ETF are influential or not sure there has not been a year. When it concerns about I think crypto will give a good impact.

At this moment the price of most crypto coins are in a low state. many of the crypto coin facing major drop on their value starting from the last few month back. But today it seems to be gaining it stability. and now it's time to patiently wait for the price to rise again.

Why people are only looking about the ETF probabilities?

The same with this upcoming new "hope" for the bull.

NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform (https://cointelegraph.com/news/nyse-parent-company-reveals-launch-date-for-bitcoin-futures-on-bakkt-platform)
Bitcoin Futures Could Go Live on ICE's Crypto Trading Platform in December (https://www.coindesk.com/bitcoin-futures-will-go-live-on-ices-crypto-trading-platform-in-december/)

This is true, when you see spikes like these then you can be sure that they are going to be temporary, there is no way something like this and this is a bull trap. People start thinking that the market is going into another bull so they start to panic buy coins and then the price of the coins go down. It is just going to last a little while and then go down.

Are you joking that we don't need ETF, I believe ETF is going to bring alot of institutional fund into the space, off course some people would stand against institutional investment in the space, but from what I see most of these projects won't scale up their marketing and adoption level if these funds do not enter the space

The present increase we're seeing on the market is actually only a temporary 1. All of us nevertheless possess additional expected information approaching that could truly affect the marketplace adversely prior to the bullish operate.

It is a temporary strike, now the price is already starting to go back down again, there is nothing that the etf is going to do for the coins that the coins cannot do on their own, if it has any kind of effect on the market then the effect is going to very small and the market is going to recover very soon anyway and the price being down now is just temporary

There is almost no assistance to cryptocurrencies, at least there is not much of it. In any case, I think that the cryptocurrency market will grow, and the fact that now there is a small volatility, it does not say anything.

I think that the time has not yet come for the growth of the market, there are no prerequisites for this !! Do not give up, the market will get better, but not this year.

you are right. the mass adaptation on cryptocurrency has no shortcuts but it will exponentially grow through time and mass awareness. let the market recover.

I think that all growth will take place before the adoption of the ETF! You do not think that large institutional investors will buy a cue ball at an inflated price - of course not! They will sell it to people who have just entered the market at a very high price, therefore ETF is needed for BTC sales, not buying it!

Surely, if growth does not come this year it will come in next year or next 2-3 years. The market can't go up continuously and go down continuously so we need to patiently wait if we want to be profitable

Sadly the current situation has shown already multiple times that green spikes like we had this weekend are often really short lived. Again we can see how red is taking over the market space without any effort or real resistance.

Right now we have to hope that the falling prices would not fall so low and stay above their previous level.

The views are in 2 phases but deep reality

1. There will be increase in value of all altcoins and crypto currency I.e the bull run
2. There will be a bearish market as well and it has been bearish for crypto currencies than it has been bullish

Truth remains that, we can’t predict when the bull will start and when the bearish will end
We can only stay wise in our knowledge

In every investment, it is always advisable to invest that which one can afford to loose. No matter how attractive the project might look, always to to make your findings.
The present states of the market has always been accompanied by some rise and fall in prices of coins. I just hope is is not prolonged beyond this time. I am eager waiting to see a surge in the market.

The existing raise we have been watching available in the market will be just merely a temporal a single. We all nonetheless have got some other predicted media coming which could actually influence industry badly ahead of the bullish work.

The market dropped to the deepest price in 2018. Congratulations all the holders, we are now completely destroyed. I do not want to believe in any soon or something like this. The bulls will come, but for sure not in 2018 or 2019.

I think that a temporary dump, I am sure that already at the beginning of next year we will be able to gradually begin to recover from the last dump ..

my views that we can't really predict anything with an absolute accuracy. we need to consider the possibility of unexpected change. that's how it works - you think you know the game and then the game changes

I do not think that this is any kind of temporary spike, mostly now we are just looking at the prices of the coins start to go down and that is because someone somewhere has been selling off a lot of their coins which means that unless people start buying and start pushing for more demand of the coins in the market then there is no way that the price is going back up