What will happen 9th march ?

[bikerleszno]

Hello,

Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

[pitham1]

Hello,
Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

It will be a positive as people will be comfortable about buying bitcoins and withdrawing them. It will be a return to business as usual.
But the date to watch is 2 days later, when a decision on the Bitcoin ETF will be taken.

[bikerleszno]

Can you explain exactly what ETF is ?

[maku]

Can you explain exactly what ETF is ?

ETF is exchange-traded fund in this case we are referring to - Winklevoss Bitcoin Trust COIN.
Normally ETF keeps assets such as stocks, commodities, or bonds (in this case Bitcoin) and trades them.
We all are waiting for 11 March which is the deadline for SEC, they will either give ETF stamp of approval or disapprove it (again).

[numismatist]

Can you explain exactly what ETF is ?

ETF is exchange-traded fund in this case we are referring to - Winklevoss Bitcoin Trust COIN.
Normally ETF keeps assets such as stocks, commodities, or bonds (in this case Bitcoin) and trades them.
We all are waiting for 11 March which is the deadline for SEC, they will either give ETF stamp of approval or disapprove it (again).

I have mistaken that "whaaat? 9th march" date as if asking of dump events incoming right before the deadline. To be honest I am totally exspecting the SEC to shutdown the ETF. Would be a major leg upwards, reaching into big capital markets. They will not allow that, you can smell bribes, hookers and blackmailing working in the backgrounds.
So my expectations for the 9th are: A dump will happen. But china doesn't have anything to do with that.

[mirakal]

Can you explain exactly what ETF is ?

ETF is exchange-traded fund in this case we are referring to - Winklevoss Bitcoin Trust COIN.
Normally ETF keeps assets such as stocks, commodities, or bonds (in this case Bitcoin) and trades them.
We all are waiting for 11 March which is the deadline for SEC, they will either give ETF stamp of approval or disapprove it (again).

I have mistaken that "whaaat? 9th march" date as if asking of dump events incoming right before the deadline. To be honest I am totally exspecting the SEC to shutdown the ETF. Would be a major leg upwards, reaching into big capital markets. They will not allow that, you can smell bribes, hookers and blackmailing working in the backgrounds.
So my expectations for the 9th are: A dump will happen. But china doesn't have anything to do with that.

I wish you are wrong, if there will be a dump that will happen, it will probably affect the price so much as we are in the upwards direction now and in fact we are about to cross the $1,200 again. China is known to be the biggest holders of bitcoin, but it's not guarantee that there will be a dump that will happen.

[HabBear]

Hello,
Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

It will be a positive as people will be comfortable about buying bitcoins and withdrawing them. It will be a return to business as usual.
But the date to watch is 2 days later, when a decision on the Bitcoin ETF will be taken.

What? The BTC price has been rising since this exchange got suspended. What are you talking about?

A primary benefit of bitcoin is the fact that one isn't tied to a single exchange to make a transaction. This one Chinese exchange isn't holding up anything.

[pooya87]

Hello,

Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

we can not possibly predict anything about what will happen that day. only because in reality that exchange service which is only one out of a couple of dozen big exchanges, opening or closing has no effect on anything.
so depending on the news and how people will react to it and whether there is FUD or not it can change.

[pinkflower]

Hello,
Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

It will be a positive as people will be comfortable about buying bitcoins and withdrawing them. It will be a return to business as usual.
But the date to watch is 2 days later, when a decision on the Bitcoin ETF will be taken.

I doubt anything positive will happen on both Chinese withdrawal issue and the BTC ETF's approval. This is what I think. Days before March 9 the Chinese exchanges will release statements saying that they will extend the ban on cryptocurrency withdrawals due to complications with the PBOC.

2 days later the BTC ETF's application will be denied. Hopefully nothing of both will affect the price of BTC.

[Pettuh4]

Hello,
Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

It will be a positive as people will be comfortable about buying bitcoins and withdrawing them. It will be a return to business as usual.
But the date to watch is 2 days later, when a decision on the Bitcoin ETF will be taken.

I doubt anything positive will happen on both Chinese withdrawal issue and the BTC ETF's approval. This is what I think. Days before March 9 the Chinese exchanges will release statements saying that they will extend the ban on cryptocurrency withdrawals due to complications with the PBOC.

2 days later the BTC ETF's application will be denied. Hopefully nothing of both will affect the price of BTC.

I beg to differ but both are going to influence the prices of Bitcoin on the exchanges. The ETF approval will definitely create demand and I think the Chinese withdrawal issues will also have positive effects on the prices because it will be possible to sell again and new supply and demand trends can push the prices higher.

[Betwrong]

Hello,
Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

It will be a positive as people will be comfortable about buying bitcoins and withdrawing them. It will be a return to business as usual.
But the date to watch is 2 days later, when a decision on the Bitcoin ETF will be taken.

I doubt anything positive will happen on both Chinese withdrawal issue and the BTC ETF's approval. This is what I think. Days before March 9 the Chinese exchanges will release statements saying that they will extend the ban on cryptocurrency withdrawals due to complications with the PBOC.

2 days later the BTC ETF's application will be denied. Hopefully nothing of both will affect the price of BTC.

If everything will happen like you said then I agree with you that hopefully, and most likely, it won't affect the price of BTC. We can expect such a scenario because we are in this situation for a while and the price of BTC ... well, not falling, that's for sure.

But if at least one of the above will have a positive outcome then the price of BTC might start rising.

[Pursuer]

Hello,

Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

nothing is certain but it is possible that we may see a small dump. mostly because there has been a rise recently and if the rise sustains and continues going up we will need a correction and China has always been a good source of FUD for making the price go down and buy cheap coins.

[Gotottack]

I think there would be no problem when that happens. Right now, the trading is still continuing and we have not heard of anything significant about what is happening over there. But what will happen on that date we might never know since people might start panicking and start following the first one and everyone selling enters a selling frenzy.

[Schuyler]

Massive withdrawals could really lead to a price plummet but I don't think that will be the case even though the lifting of the withdrawal halt will happen. As is the case now, even if there is a hold, bitcoin has remained strong and I doubt if the withdrawals are really going to be that high when that day comes.

[RustNan]

Hello,

Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

I think bitcoin price will take a dip as a lot of people will start panic withdrawal from those exchanges.

[bikerleszno]

I was thinking  that if China exchanges will "return to normal life" chinese people will be buying a lot more bitcoins like it was usually. So it can mean for us price will grow up to 1500$ very fast. Dont u think so? Price is rising since 9th feb. When the biggest exchange will start to work normally it can make explode value of bitcoin i think, dont u ?

[topesis]

I think LocalBitcoin traders are the ones that are going to felt the it, because people buying from LocalBitcoin always pay premium price but for the exchange prices I doubt anything would happen, ETF approval is what the market will be anticipating not Chinese exchanges

[Xester]

Hello,

Do you have any ideas what can happen with bitcoin value after the biggest china exchange will make btc withdraws again possible after 30 days suspended in 9th march ?

There is nothing to worry about. The possible thing to happen is that bitcoin will temporarily decrease in value due to the withdraw but it will recover suddenly since users will just sell their bitcoin so they can transfer to other exchangers and buy bitcoins again. Or possibly there will be no movement in the price since they will just withdraw their bitcoins and will not sell it.

[hase0278]

On 9th march, there might be no certain happening that will happen to bitcoin and it might be back to normal again but two days after that, In my opinion we will see a dump again if many Chinese traders panic sell because of something that will happen after 9th march or we will see bitcoin's price manipulated again. It really depends on the  BTC ETF's application approval or disapproval if it is approved we might see yet another upward movement in price but not that big but if it is denied we might see another dump.

[Text]

Is there a special event would happen on March 9 that can affects the value of bitcoin? Am I outdated?
So I guess there is something to do with withdrawals, well we don't need to panic because we really don't know what will happen exactly. I think it has no a great impact on the price after that, if it have maybe the value will decrease a little slowly and go up again after several days.