Bitcoin Forum

in the event ETF appoval makes news, what timeframe (minutes, days) do we have in order to buy BTC in order to ride the uptrend, and not buy at the peak?
I sold at 1157 and now I dont want to buy, I want to wait for the approval news, and buy immediately before the uptrend starts, and I am willing to accept being 5-10% late in the uptrend. Rather than buy now and risk ETF rejection.

But how fast will the uptrend start?

Also, is there an android app to notify of such event, so that I dont have to monitor the prices constantly?

Regardless of what's going to happen, never wait for something actually to happen! In most cases the market moves up or down in advance of a certain event, which results in barely any market response after happenings that took place. The same was basically the case with the block halving. Everything happened before the halving, while people were expecting the price to rocket up directly after the halving took place. :D Always anticipate by entering the market far before something is going to happen.

let me check my time machine.... it says 15 seconds and 176 miliseconds :D

but in all seriousness, if you saw a rise then get in! but i have got a feeling that you are always waiting too long for everything, saying from the price you sold at and have not bought back in.
you should have sold above 1200 and bought back at the price you sold.

for alert you can place some conditional orders if the exchange you use offers them. but be careful with those.

Yeah, the anticipation has already been priced in, however, this time 300 million are expected to flow in - which will take some time I guess?


well I got in at 1015 and at 1160 I expected a big correction, so I sold at 1157, not terrible. It did go to 1225 but how was I supposed to know. It did in fact drop from there the next day although it recovered quickly.

Now Im thinking, we are at the high, and if ETF doesnt get approved many people will sell as they know soon there wont be any opportunity for a high like this and because they know other people will sell. So If I get in now, it can go only down from here.

But if ETF gets approved, then, If I buy fast enough, I will be able to ride the uptrend, with no risk, rather than if I buy again now.

Even if the ETF is not approved, the price might go down a bit, but it will resume uptrend later.

yeah, if it doesnt get approved I expect it to fall, then I'd buy.

long-term it might rise, unless China bans it completely.. then it will be a disaster.

btw how does the end of the one-month non-withdrawal period at around 15th of march going to play out in all this?
what will happen when withdrawals are permitted again? will we see a rise or decline in price?

What you are looking for is a so called Stop Loss order, eg:

Buy at market once market price is >= stop price 1500 USD (Kraken.com)
https://s11.postimg.org/a5bc0944z/kraken.png

Haven't you heard of the old trading adage "Buy the rumor sell the news?"   ;D

By the time you hear the news it is usually too late to buy.

First of all, it's probably not going to happen but if it does it'll be at least a month but probably a few months. That's just based on other ETFs in the past though. The process may have been expedited now.

I'm pretty sure that some speculators will take profits before the announcement. Like on the 7th or 8th of March.

If the price dips below the $1157 that you sold at, you should be quids in if you buy.

In my opinion the ETF probably wont even go through, It would be nice if it did and i do have a kind of gut feeling that it will but with current prices i think if it were to go through then its going to be one of those "buy the rumour , sell the news".

I could be wrong and it goes further through the roof ;)

haha i wanted to say this :)

although you can still say there are lots of others like OP who will start acting after the news so there may be some smaller room for maneuver ;)

Ever heard of buy the rumour, sell the news?

If/when the Winklevoss ETF gets approval, you can be rest assured that the market will have already priced it in......


......with that said, I dont see the huge significance of this. The Winkledouche twins already have their 100K+ BTC which will back their ETF, and their is already a BTC out there, which last I noticed, traded at a huge premium to BTC itself, and in very low volumes.



Ok....I certainly wasn't the first who immediately thought of that upon reading the OP.

Might as well gets trashed by mods.

So, whether bitcoin price are going to rise or fall, you will buy bitcoin right? So, it might be wise to wait for a while but I prefer not to sell any as bitcoin never fail, some decreases maybe but it just another chance to buy more cheaper bitcoin.
China won't ban bitcoin completely in my opinion as bitcoin has nothing to harm them, regulations about exchanges will be enough for them, moreover Chinese traders are not the major players right now as we told before. The point is, even though bitcoin price fall, people will buy more and more.

So who are the major players?

You think that just cos the USD exchanges are leading at the moment (due to clamp down on CNY exchanges), that it isn't the same forces operating on the USD exchanges, as it is on the Chinese ones?

Bitcoin doesn't do anything that conventional finance can't do just as well, if not better.

.........except for circumnavigating Capital Controls that is. I wonder to players in which major economy, this feature of Bitcoin may be quite appealing?

Japan traders seems lead the market now, https://coinmarketcap.com/exchanges/quoine/
 but I guess others first world countries hold big portion as well, USA, Europe, UK, Russia, I will say they are the major players (every country that have the biggest global volume trading and holding huge amount of bitcoin). I prefer to assume that bitcoin volume has been spread widely than consider China monopolize bitcoin. Well, whatever you want to assume about it.

as ever, it's buy the rumor, sell the news. the right time to buy was quite a while back. if it passes i think we've had most of our pump already as it'll be a long time before the market feels any actual impact from etf buying. there's a good chance it'll be a damp squib too. one etf does not make bitcoin a must buy for all those moms and pops out there.

You mean Japanese exchanges lead the market right now, because they are providing fee free trading. But there is no telling who the traders are...

the free trading ends in a few days anyway so japan's 'dominance' is gonna be a very short lived thing.

??? I thought that was the Chinese exchanges but now they all had to charge 0.2%? Or are Japanese exchanges pulling the same scheme?