Will it give fuel to skyroket for btc ?

[justdimin]

Remove the ban ≠ Increased demand ≠ Price increase

If you had a balance in an exchanger and the daily account limits were $1,000, but they decided to increase it to $10,000 per day, this does not mean that you will be able to withdraw that amount daily. If Bitcoin was banned in China and the ban was lifted, it is positive news and will affect demand, but it will definitely not lead to an explosion. The price, unless there is a large demand for Bitcoin, is completely different from ETFs.

I am not sure if that's the case or not, feels like there could be an explosion nevertheless. I mean we are talking about a nation with trillions, not saying all of it would go in, but even if few dozen billions find their way into bitcoin, legally, that would still be a huge thing.

We need to consider what can be done, and we are going to end up with a result that would be a lot more different. The increase will be huge and it should definitely be something to look for. I could be very well wrong too, I am not saying I am guaranteed right, but that doesn't mean that I am guaranteed wrong neither, we could very well have a situation where things could be different and that could very well be a good thing in the end, or at least I hope so.

[Adbitco]

Remove the ban ≠ Increased demand ≠ Price increase

If you had a balance in an exchanger and the daily account limits were $1,000, but they decided to increase it to $10,000 per day, this does not mean that you will be able to withdraw that amount daily. If Bitcoin was banned in China and the ban was lifted, it is positive news and will affect demand, but it will definitely not lead to an explosion. The price, unless there is a large demand for Bitcoin, is completely different from ETFs.

Sorry to say, a country like China that more populated lifted a ban and you think that won't actually affect bitcoin price? Let us do a little arithmetic; If a total bitcoin investors in China is 1,000 or 3,000 and they lifted the ban, this including both institutional investors and likely, the ban was lifted and this numbers of person required to purchase bitcoin don't you think there is every likelihood that the total number of investors those who wants to buy bitcoin will possibly purchase upto 100 btc to 1000BTC+ don't you think this is actually another push to the price? I am just giving reference coupled with the ETF So there is every possibility for price to soar.

[_BlackStar]

-snip-

You are right, a very interesting combination between ETFs and the time of the halving, which complement each other for now when the halving period is being awaited. Clearly, this will also have an impact in the future, of course, from the influence of ETFs.
It's true, that this will increase demand and create a positive effect where prices will increase sharply. I think that after the halving period it will definitely not increase immediately, but I agree that it will happen gradually and needs a process for it to happen, certainly not instantaneously.
All investors have clearly prepared themselves to welcome an increase that will make profits for them. Optimism will be created by the upcoming increase, because Bitcoin will always have a waiting period and repetition.

Price increases will occur gradually - they will not happen sporadically. You can't take off your shoes and run among the thorns - that will only get you pricked, meaning you should never ignore price volatility regardless of its highs and lows.

But with patience - you can build an investment portfolio and take advantage of volatility, this will make it possible for you to get greater returns. Accumulation is the recommended strategy - DCA is the advice, but you can also accumulate with other strategies. Currently the price of bitcoin has hit $53K - I'm looking forward to the $55K resistance being broken.

[dezoel]

It is indeed quite possible for Bitcoin to surpass the previous ATH in the next price increase if it happens slowly as has happened this month when the Bitcoin price headed to over $50K. And for now everyone should think optimistically and never panic about small corrections that only occur temporarily, because people who are patient to see the next improvement will definitely not think that small corrections are a problem.

Experts also think that price corrections are a very normal thing in the market, especially when it comes to Bitcoin, which basically rarely runs in a stable price so that increases and decreases in Bitcoin prices are a normal part that everyone must understand. Because it would be very funny if even now, with so many price increases in Bitcoin that have been seen there are still people who complain and are pessimistic about small price corrections in the market.

Future is unpredictable but if given enough time, why not? Especially for a coin like BTC that got what it takes of doing it. A slowly but surely move is okay but what if it moves faster? Isn't even much better? And it had more chance to hit its target.

You can't please everyone to be optimistic because not all are the same like you who already have a long experience on this market but if they are serious, they will also learn it. Indeed that if we want something good, we must also accept the negative side of it. It's normal and happens even on other aspects of life. Corrections are not a bad thing if one knows them already but we can use it as our advantage to perform better.

[jaberwock]

Future is unpredictable but if given enough time, why not? Especially for a coin like BTC that got what it takes of doing it. A slowly but surely move is okay but what if it moves faster? Isn't even much better? And it had more chance to hit its target.

You can't please everyone to be optimistic because not all are the same like you who already have a long experience on this market but if they are serious, they will also learn it. Indeed that if we want something good, we must also accept the negative side of it. It's normal and happens even on other aspects of life. Corrections are not a bad thing if one knows them already but we can use it as our advantage to perform better.

That is true, I do agree that given enough time it will go up a lot, we are going to see that for sure, without a doubt. I think it is not going to be all that easy, but it will eventually happen one way or another. We just need to make sure that we are dealing with something that may take some time, it will gradually get better.

I personally hope that we are going to get something out of this, and usually that's not going to be all that simple, so we should consider what we can do with it. I think the best thing to do in this case would be just focusing on how we can keep holding, because if we can keep holding then I believe that BTC will skyrocket eventually, it all depends on the timing of it, and we need to be able to wait.