The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

I was afraid to look the charts when I woke up this morning. We are close to 8K again!  Is this real, or I am still dreaming? Pinch me!

Step 1. Call FBI or Interpol. They will block the fiat indefinitely. Good luck to that guy proving his coins are legal. The same old story of BFX guy with 800mln locked by the governments on behalf of the FBI/Interpol. I honestly never heard of someone getting their money back. This incredibly stupid n00b can say goodbye to his money.
Step 2. Call some NY attorney to check carefully all suspicious short positions on the various exchanges - BFX, Bitmex, CME, CBOE, etc. The accomplices should come out.
Step 3. Repeat Step 1 for the suspects.
Step 4. Don't allow more than 10% drop of the price by a single sell (I think Coinbase recently added that feature. I am not sure about that and I don't want to advertise CB.)

I don't have any expectations about an approval. The deadline is the 21st May. Last time, SEC inquired for answers of many questions from the public. Practically nobody cares anymore to answer them. While the first round we had over 1000, after that there were only several, as far I remember. Now, SEC staff will just copy-paste the same questions with some additional from the Bitwise decision. Or they can just deny it. Clearly, SEC is afraid to be the first to give the investors a regulated market. But when bakkt/fidelity/etc. goes well, then they will have no reason but to approve the first serious ETF proposal. Will it be good for Bitcoin is another question. It may speed up the rise to 100K, but it may also create a bubble to pop like the futures did. Right now, I think it is good for the investors to get an ETF but bad for the hodlers. It may create amother short lived bull run to 20K. On the other hand, after a year or two, when we are above 20K it will be a fireworks show for the hodlers to get ETF. Imagine we get an ETF around 50K - that will explode the price above 100K for sure!

I agree completely! For me Dani is like any other good girl. She can lose her temper sometimes, but to burn a whole city?!? When one of her dragons burned a child, she locked them all in a cave, despite loving them as her children. HBO screenwriters went too far in their effort to be unpredictable.And that led to absolute predictability - everyone expected from them to kill the series by destroying every character and sound sense. I am just not interested in the next episodes at all - John kills and eats Dani, Sansa burns Arya and John, some peasant kills Sansa... I don't care!

So either a fat finger, or a n00b short manipulator. Doesn't he know that the exchange blocks withrawals of such magnitute because of money laundering suspicion? Bitstamp also excanges data of such potential manipulators with all derivate exchanges. So if he or a member of his family is registered there, that money will be blocked too. Good luck with proving to FBI or Interpol that his money are legally obtained. Such greedy bastards lose everything with one stupid mistake. Curse them!

What I see on the 1 min chart is that there were 4 sells around 900BTC each. It may be one whale dumping 3.6K BTC, or just 800BTC which triggered stop losses on Bitstamp. BFX didn't follow - it stopped above 7K. This was important and quite unpleasant for BFX shorters. Their plan didn't work out. At the same time, Bitstamp quickly recovered above 7200, which is a strong bullish indicator. We are only 1 year before the halving and 2 months before bakkt's launch. Fidelity is also preparing. These two huge regulated markets will open wide the doors for ETF approval. Besides, literally everyone even the notorious bear trolls like r0ach, gembitz, etc. believe that we will return to 20K in 2-3 years tops. So nobody has an interest of selling big amounts except the daily traders who try to make a living on the volatility. Which reminds us that the definition of the daily trader is one who is hoping to return his investment by  watching the diagrams 24 hours and cutting his losses. If he is playing with shitcoins, the chances are 99% that he will never return his investment. If he is playing with Bitcoin, chances are 50% he will make a living. The main characteristic of all traders is their lack of patience and perseverance. On the contrary, the hodler is the one with strong nerves and who patiently awaits his prize - whether $1 mil, $10 mil, or bigger.

First, I like how BFX didn't follow Bearstamp during the night dump. 12% drop vs 25% (from the year's high) LOL. Second, everytime we have a drop, Ver's and CW's shills came out of their dens gloating. Let me recall you dear losers (I mean literally in term of finances) that your bcash-sv shitcoins are DED! I don't know why bcash is still not delisted from the major exchanges, but it is just a matter of time I guess.

SEC is extending comments period for Bitwise ETF
https://www.sec.gov/rules/sro/nysearca/2019/34-85854.pdf

We are on the same page! My target networth is between $600k and $1.2m. It depends how long it will take to get to the target prices. I wish I had several more coins to make the first sell near 20K, but I don't. So, I will have to wait for the 50K-100K range. Of course, it won't be easy to get there but I have no doubts that in 1-5 years tops we will be there.

I don't want to argue about the TA presented here, but just note that on tradingview.com most of the TA suck. Many shorters use this platform to influence the traders and fall for their crap. Will there be 10-80% corrections - sure! Will it be easy to take advantage of it by selling/shorting - No! It is simple math. If you sell now, the rise will continue at least 10% from now with a very high probability. Then you have to wait a long time during which you risk to never see a price at your range. And if you endured this waiting, the best increase of stash you can hope for, will be most probably in the 10% area. So, for anyone with a sound mind is clear that trying to cut off the top is highly improbable. There is only one strategy which will make everyone investing in Bitcoin rich - HODL! I coud have sold at 20K but I decided to wait the higher price which will meet my needs and change my life. Was I sorry I didn't cash out and rebuy at 3k - of course, but nobody knew that we will have such a chance. What we can do is to invest more fiat and BTFD! I was many times since 2017 below my investment point. It was not pleasant, but that feeling is nothing compared to the regret when I missed the increase from 2400 to 4800. I don't want to feel that regret again, so I am not selling until my target price. And even if we crash $1 from my target price, I will endure and wait another year(s) if needed. Speaking of target price, I made a plan what initial portion to sell at what price and what stash to keep after that. I will not let any other opinion, event or my own emotions change that! And when I sell and Bitcoin continues to rise, I won't regret it, because I achieved my goals, and the remaining coins will give me a comfort that I have more profit to take in the future. So far I have profit equal to all 20 years salary before I retire. I intend to buy a beach villa or build a house and to have at least double than my salary will be until I retire. Will I buy lambo or a yacht - probably not (despite my avatar, which is not for the brand but more for the bull logo). I think that moving targets like to buy a lambo can ruin my profit, because my stash is relatively small - below 20. In my country the prices are cheap and I can save half of my salary, although it is 10 times lower than the rest of the world. Anyway, BTC is my only hope. So my advice for anyone, including shorters/nocoiners is only this -buy, wait and be patient. Your patience will be rewarded!  

Happy BD, WO bro! BTC at $8K is the best gift for you! 

Hopefully BTC bullet train will pass 8K station like it passed without stopping 4k,5K and 6K.

It seems that getting this custody licence is a formality and then there will be no need for CFTC approval, because of the self-certification rule. Once such regular markets are operational, there will be no excuse for SEC but to approve the first Bitcoin ETF. Institutions are pushing to enter, because they see what is happening now. But it is better to let them in after we pass 10K. The estimated institutional $100bln invesments are welcome on the road to 100K$. Anyway, we are going there with or without them.

https://cointelegraph.com/news/ice-pushes-for-bakkt-bitcoin-custody-license-cftc-approval-imminent

ICE, the operator of the New York Stock Exchange (NYSE), recently acquired a cryptocurrency custodial service and are mulling plans to register Bakkt as a licensed trust in the state of New York.
If successful, these latest moves would see Bakkt become a registered bitcoin (BTC) custody platform. Recent reports also indicate that the company is in partnership with Bank of New York (BNY) Mellon for the storage of cryptocurrency security keys.
....
Given the recent announcements and acquisitions, it appears Bakkt is trying to rectify these issues by pushing for self-certification as a cryptocurrency custodian.

Every bull run has spikes with some intense buying. The same is true for bear markets. We've seen this tens and hundred of times so far. Big investors? Probably. But they are not enough to sustain the bull run. What we've seen now is that people are shaking off the fear of crashes that some shorter/nocoiner trolls were promissing. Now everyone knows that the price will go much higher after the next halving. So many more people decided to buy and hodl instead of selling/shorting now. Of course there are some morons, who decided to short in a bull market. They are agonizing now and come here to spread FUD with the hope of stopping someone from buying. So whatch out. I noticed some post above speaking of despair, dellusion, etc. This is a typical lame troll FUD attempt. Of course we know that there will be bumps along the road. But despair belogns only to the nocoiners or shorters who are losing their last money in the endless short squeezes. Bitcoin is thriving and well, but shorters/nocoiners are in pains!  

Nah, it is not even a correction. In the last crazy 24 hours the pump was so fierce that the bid books became too thin. Even a small market sell could do 5-6% damage from the top. Now it is time for some sideways consolidation preferably above $7K. Capture and hodl, capture and hodl... all the way to the moon 

In my case, 1 day earned me 4 years salary