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Author Topic: What if Bitcoin ETF is not Approved  (Read 711 times)
laurenB7742
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January 10, 2024, 04:25:56 AM
 #121



If the ETF is not approved, there will certainly be a significant dumping across the entire market and I believe growth will stop even if the halving occurs.

I can't really understand that logic. Bitcoin is growing since it was first started in 2009. The bitcoin ETF is supposed to bring new investors into bitcoin that are not able or willing to buy real bitcoins. If however the ETF is not approved we will not see these investors in bitcoin. That will simply mean that everything will be the same and nothing changes. In my opinion we will see a bullish pattern with the ETF and if there is no ETF then there will be the same pattern that we saw before (also bullish).

I created a bit of a misunderstanding, what I mean is that the bitcoin price increase will soon stop if ETFs are rejected even as we are getting closer to halving. In the long term, bitcoin will recover and continue to grow over time as long as demand for it continues to grow steadily.
I know many people on the forum are not interested in ETFs but if we look at the overall picture of the market, we see that the majority of the market is very interested in this news. Therefore, I think if it is not approved, a round of dumping will be inevitable.

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January 10, 2024, 06:28:54 AM
 #122

the news about bitcoin ETFs is really interesting news and of course if there is positive and negative news it always affects the price of bitcoin, and of course for people who invest short term in btc then news about bitcoin ETFs is really needed because they can buy at the right time and sell at the right time. But for me personally and as a long-term BTC investor, I don't care about whether the Bitcoin ETF is approved or not because in my opinion, the BTC halving and Bull Run will certainly be enough to make BTC rise and have good potential in the future.

But if the bitcoin ETF is approved, that is something we want because the BTC price has the potential to rise high, but if it is not approved, the BTC price could fall very deeply, but for long-term BTC investors, of course they won't worry and can even take advantage of the decline in BTC prices by buying. btc when btc experiences a price decline.

Yes, it's true that if the Bitcoin ETF is not approved there will be a sudden decline, but we have to be patient and don't panic. The point is, we have to be patient and only sell BTC when we already have a profit. But of course we also have to be able to analyze and have to actively read the news so that we can predict and analyze BTC price movements.

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