Bitcoin Forum

Hey guys, SEC to decide fate of Winklevoss Bitcoin Trust on March 11.

Bitcoin has surged 14 percent in the past two weeks to approach all-time highs,
with interest in owning the currency remaining strong in China even after authorities
there tightened conversion controls in an attempt to curb capital outflows.

What strategy are you putting to profit specially in trading bitcoin?
Are you holding your bitcoin right now and will dump in later?
or are you just buying bitcoin and dumping it as soon as you
see profit ala arbitrage?

Can you please share your thoughts?

ETF and SEC not receive advantage about bitcoin
but bitcoin can receive advantage if ETF and SEC can decision good result and postive result about bitcoin
bitcoin price can incraese high, if china regulation, ETF and SEC good result about bitcoin

most of what you said has nothing to do with ETF then why did you put it in the title!


that may have been one of their reasons but the main reason for what Chinese authorities did is to regulate these exchanges and start fighting money laundering.


i am always a long term holder, these ups and downs you see and get excited (such as 14%) are too small for me. i am holding bitcoin for prices that are going to happen in a couple of years.
but right now i also sometimes do some short trading to take advantage of super volatility when it is happening. which for me it means selling after a spike and buy back more coins after a calm down.

That is right. I also hope the bitcoin price is low now so that I can buy more before the price rise.

There are nothing to worry about anything related to ETF. If it is approved then well and good but if they disapprove than it is still okay. Bitcoins price will not be affected anymore by this kind of events if there will be a drop on bitcoin price then its just a matter of days then it will go back to rising again. I am doing nothing special today I am not saving bitcoin anymore since I need to convert my bitcoin to fiat currency so I can provide the needs of my family on the daily basis.

I personally don't like price increases based on something that is unlikely to happen because It will eventually lead to a big dump If that specific thing doesn't get approved or whatever.
But as someone who knows the real potentials of bitcoin then to take advantage of this , you should buy and hope for the best.

i can't understand one thing about ETF, how this is going to change the world of bitcoin, why there is this huge hype around it? isn't ETF only an exchange that is restricted to USA citizens, i'm wrong on this? if so this exchange should not have a huge impact on the market

well.. the big thing here is that Bitcoin becomes more legitimate (+ media awareness), fresh money is invested by people which haven't held BTC before and it can rank next to gold in holding it's value.

The only thing I can ever say on how to take advantage ETF is to buy a lot now or if you can't make sure that you got plenty of it.

But still it's risky, there are whales that are also want to take advantage and after seeing the price increase. For sure they will sell volumes of it.

And when it happened, it can make the price dumped so you also better watch out.

If you can get some inside information about whether the ETC will get approved, you can "take advantage" of it.  ;)
Otherwise, just ride the Bitcoin wave on people's expectation that the ETF will get approved.

Some news gave a 36% chance of it happening, considering some factors being argued but it is still early to say anything.

It's very plain and simple I'm just holding it for better and wait for the further price increase and I guess it will make a wave when ETF approved.


I don't plan this to do, I want to keep on holding and just sell it whenever I need regardless of its latest price.


As of now, I don't buy bitcoin look at its price I feel giddy upon seeing it if I plan to buy.


So, if you want to take advantage for it, it's up to you if you'll buy at $1.1k+ price of bitcoin

Thought it was approved and ready for public to buy already.
Wasn't there a leaked message from SEC about it with the ETF approval process being a go on it?

I just try sell my bitcoin before 11 march. because if SEC try to postpone bitcoin approval and the price of bitcoin will be going down asap and there will be a little dip after 11 march. never try use the arbitrage in this time. because the gap of every market is very small.

Maybe you should rather invest it than sell, don"t sell all, maybe a portion. The growth of the altcoin price are mostly inverse, it could save the value. 

Bitcoin has surged 275% in the last year...I don't think the last two weeks has ANYTHING to do with the Winklevii ETF.

The best way to take advantage of it is to be hodling when it goes live! If it gets denied you could benefit selling before whatever drop may occur...it could be fast though, so it would be better if you look for a bottom and buy in, rather than selling and then buying back in at the bottom.

If there are options available you could buy puts going into the decision, which would let you capitalize on the down if they get denied but I don't know if such instruments exist.

I'm not familiar with finance terms and only have a vague idea what an ETF is (first heard it here a few days ago). Would the effect of the rejection really be huge? I really don't have a lot of bitcoins, I'm wondering if I should just hold through the entire thing. How low are you expecting the dip to be? If it gets low enough I can probably draw some from my saving to buy extra coins. Right now it's too expensive to buy  in my currency that it's hard to buy any substantial amount and expect some profit.

But US is the largest economy in the world, even carnifonia and Texas   are both in number 6 and 10 best economy respectively, if Bitcoin can attract just 2% of this is going to be a huge factor in the price of Bitcoin

whatever the decision may be, you can expect a trading spike. But personnaly, i really doubt it's going to be approved. I heard it has been refused two times already. In my country we have an adage saying: "Never 2 without 3"... 2017 has been optimist so far, but only for us because we are involved in bitcoin. From an outside point of view it is different. If it's refused i am going to buy, if it is accepted i will continue to hold my share