BTC To raise before SEC decision or after?

[pooya87]

at this point only ETF approval can affect bitcoin price, its rejection is not a new thing and is completely expected by majority of the market participants and on top of that bitcoin is already over dumped and doesn't have much room left to go down anymore so i don't expect any kind of major drop in case they did what we all expect them to do!

in any case i do expect rises in 2019 so we may see a rise with or without ETF by February anyways and it doesn't have to be "insider trading" either. we will have had more than a year of drop, how much longer can this last!

[Epokicecool]

at this point only ETF approval can affect bitcoin price, its rejection is not a new thing and is completely expected by majority of the market participants and on top of that bitcoin is already over dumped and doesn't have much room left to go down anymore so i don't expect any kind of major drop in case they did what we all expect them to do!

in any case i do expect rises in 2019 so we may see a rise with or without ETF by February anyways and it doesn't have to be "insider trading" either. we will have had more than a year of drop, how much longer can this last!

I guess you are right, most ppl are expecting a rejection, hence an unexpected approval might fuel some interest enough for us to go back on the green side.  Yeah it has been a sad year in terms of pricing, but on the otherside we have a lot of companies now exploring blockchain, and I personally think that we have bottomed out here, just waiting for some big news for a pump.

[ophyrim]

There is 2 possible scenarios

1- SEC approve BTC ETF and BTC start to go to the moon very fast with big volume
2- SEC refuses it, the price of BTC bottom after a big sell wave and start to recover slowly and go to the moon slowly.

But in both scenarios the rise of BTC is inevitable

[roosbit]

Afaik any significant changes are likely to come after sec makes decisions that favor btc or crypto.... As at now we just need to hang in there and let the low price influence demand to go up and possibly prices will follow😊

[mrcash02]

in any case i do expect rises in 2019 so we may see a rise with or without ETF by February anyways and it doesn't have to be "insider trading" either. we will have had more than a year of drop, how much longer can this last!

Based on what do you expect a rise with or without ETF in 2019, for an example?

I think there should be an extra element to lead BTC to a new rise, something that we lack right now, without any predictions of having it soon...