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Author Topic: What will happen 9th march ?  (Read 2719 times)
veleten
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February 25, 2017, 07:45:21 PM
 #61

Good to know this news of when it's happening. Wink
There will be alot of movement that week from March 9-11th with two events happening so close to each other.
So we all know is the "what for?" when the price either rises or falls during those two days.

the price has been moving like crazy past 4 days
we saw it go up from 1000$ to almost to 1200$ and then drop to 1140$
don't even know if there is a bigger movement than that that is going to  happen 9th
there is an expression in chess: a threat is stronger than the execution,the build up we see now could be
the most volatile period and on 9-11th we would see just the confirmation of the already existing bullish trend
I highly doubt there would be a below 1000$ drop (unless some seriously bad news emerge,and non approval is not the one of them) this year at all
so hold tight and don't sell

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pinkflower
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February 26, 2017, 12:39:52 PM
 #62

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.
BTC ETF's approvals is going have a greater impact on bitcoin and crypto currencies market general either is approved or not approved. Speculators has created great anticipation on the ETF since end of last year. To me if ETF is positive bitcoin price will start to pump up from the 9th when Chinese big exchangers activate they withdrawal and vice vasal.

Why do you think the approval or no approval of the ETF will have greater impact. I read your post and I dont see any reasons given except that you think it will happen 100%. How do you expect the readers to take your post? Please post the reason why.
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February 26, 2017, 05:04:14 PM
 #63

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.
Not only Chinese traders, all over the world waiting for the ETF approval as it can affect bitcoin market even though only in USA but the impact to the price will be great for us. The main thing is,if Winklevoss ETF get disapprove by SEC : is it will make the market suddenly drop? Maybe yes, because recent increase seems triggered because of that, we may see the price decline around $900 again ($100-$300 decreases)
I don’t think so, there is a very low probability of ETF getting approval, we know that and yet the price of bitcoin still soared to new highs in this week, not getting the ETF does not take anything away form bitcoin it just delays the inevitable so there is not a reason for the price to get that low.
Drago2016
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February 26, 2017, 06:57:27 PM
 #64

Good to know this news of when it's happening. Wink
There will be alot of movement that week from March 9-11th with two events happening so close to each other.
So we all know is the "what for?" when the price either rises or falls during those two days.

Yes, we can not guess what will happen in these days. But we must be very careful and ready for anything. And do not panic if the price goes down
dearbesz1219
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February 26, 2017, 11:47:02 PM
 #65

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.

Agreed, if bitcoin after that date is going to have a good result, surely there's gonna be have a full unconfirmed transaction in the blockchain,
even me honestly speaking are also waiting on that day result. I wish there's a good result to be happen.
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