See all those 4 decimal digits on Bitfinex executed orders? Those are rekt shorts being liquidated  But but but I was promised $5000 BTC:  |
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Sorry I’m not confident we have bottomed. I think the ETF application will fail and the arse will fall out of the price. Then we bottom in early 2019.
This is a nice interim rally and lays the foundations for the long term recovery.
Actually, the chances for ETF approval are pretty good, considering the negotiation phase (questions from SEC and replies from VanEck SolidX Bitcoin Trust). Usually, if a submission enters that stage it means only one thing - the approval will be given provided that the details are settled. I think every concern of SEC and the 6 negative comments (compared to 200 positive) are met in the amendment sumbitted recently by the VanEck SolidX Bitcoin Trust: https://www.sec.gov/Archives/edgar/data/1668039/000110465918038369/a18-2298_1s1a.htm#THERISKSYOUFACE_0815342. There are just not enough reasons to justify a reject decision IMO. The comment period expired, so we have to wait until 16 August or 45 days later to hear the decision by SEC. |
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Good morning #hodlgang! Alright! Half of that 2500BTC wall in bearstamp eaten! Good job bullnance!
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@bigcryptobandit
To BTC bears:
NEVER, EVER THREATEN THE PRICE OF BITCOIN AGAIN OR YOU WILL SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE. WE ARE NO LONGER A CURRENCY THAT WILL STAND FOR YOUR DEMENTED WORDS OF SELL VOLUME & DUMPS. BE CAUTIOUS!
Trump style Btw, if the famous bear Peter Tchir is bullish ( https://www.forbes.com/sites/petertchir/2018/07/22/is-this-bitcoin-rally-for-real/#6d1b7c2e3b3b) you know that something big is coming up in the next weeks. |
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 This was my guess on July 11, as you can see. There was only 1 another at that time. Now there are 15. It is easier to guess today, right |
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I think the ETF will be approved and the price will skyrocket. My guess is at the end of 2018 the price will hit $37K.
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7400-7700-7300 in seconds! Some pissed bear scared to death from another short squeeze like the other day  How does it feel to bet against Bitcoin on Bitmex bears? The pain is real, isn't it? Enjoy your pathetic red candle while it lasts  |
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At Bitfinex first popped up 120BTC then 830BTC then another 830BTC in a matter of minutes... Come on bulls, eat this bear and let him cry later this year when we hit 40K!
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So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!
Plus it is not clear whether this time the application will be finally approved!
What do you think?
None of the previous attempts were successful so why would this one be any different? I don’t forsee it gaining approval, no. I do hope I’m wrong though because if it was approved I think the price would pump significantly. It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd. Even with $6000 btc, each share in this ETF will cost $150,000. Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer. It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+. I also think that because of this ETF will be approved. Moreover, SEC could have rejected it immediately like the previous requests, but instead it opened a comment page. As for the effect on the price, the expected reaction of the eventual approval will be 20%-ish pump followed by a steady growth until the ETF's start trading. The most conservative guess is by Dec to be in the zone of $18K. There are still some fears among buyers because of the current 7 month lasting bearish trend, so to break the $20K will be tough. However, we should not underestimate the significance of the $billions to enter the bitcoin markets, so unlike the effect of the futures, I expect new ATH's next year. |
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Best worst-case scenario. We stagger-step down to 3xxx or 4xxx. 6xxx minimum by 2020.
Am I still bullish now?
50K minimum by 2022. All these that sell now, will end up buying higher and selling lower forever, because they follow the short trend. It is not a coincidence that bears started their last pathetic attack just after the news for ETF appeared. They are afraid that this news can trigger the next bull run that can ovepower their weaker shorting hands. As always the daily traders are fucked up. The hodlers know what is happening and what will be the end of it:  |
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Hi there,
on crypto twitter are few days that some folks are excited about the possibility of BTC to being approved by ETF or something like that.
Folks are excited because this time the application has been submitted by CBOE that is a huge actor, and they think that because of this this time the application will be not rejected, like last time.
I'm a bit scared because since CBOE launched their features the price didnt go anywhere but down.
Please let me understand why this time will be different and why it is a good news for BTC
"Buy the news, sell the facts". The news of the incoming futures was the main reason to see the rise from 7K to 20K. After the futures started trading, even the most ignorant traders understood that futures are not related to buying bitcoins and started selling. Similarly, if ETF is approved, this will motivate the traders to buy, but this time everyone will know that ETF's are in a trillion market and directly related to buying of Bitcoins. |
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Bitcoin will hit $50K in 2-3 years for sure. But there is a chance it may happen before the end of 2018. If on 10 August SEC approves the ETF for CBOE, the market will explode. Now everyone can writte comments in SEC page. The chances of approval are much greater than before: CBOE futures working good, SEC decision that Bitcoin is not a security (which by experts is interpreted as another way of saying that SEC is ready to give ETF provided that some condition are met), custody, insurance against theft or transaction failure, regulated exchanges in Japan and South Korea, China with its 0 fee trades is out of the game, and last but not least, the volatility is more like the gold and silver nowadays (the unstoppable rise scares governments and banks of course). So, the chances are pretty good. |
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A friend of mine has a suspission that someone is hijacking his miner in dwarfpool (5%-10% of the time). He uses the command -mport -xxxx but there may be another open port or something. Is there a way to check any moment that he is actually mining for his own address? The stats on the dwarfpool are very confusing and often the page is not working or saying Recalculation ... (today both happened).
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"... With Europe also making strides towards launching its own cryptocurrency ETFs, the question now appears to be a matter of not if, but when. If the Cboe finally gets its wish, the Bitcoin ETF will be open to client investment in the first quarter of 2019." https://bitcoinist.com/cboe-bitcoin-etf-holy-grail-sec/ |
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Price dont go up, price dont go down. Market sidelined for weeks. Small volatility.
Was the honey badger finally tamed?
No way!  |
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