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Author Topic: Big ETF pump  (Read 1983 times)
fearlesscat10
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February 23, 2017, 05:45:58 AM
 #21


Well seems some dilemma in there but we could not know it until it happen.  I still want ETF to pass, and it is up to the developer on how they implement this ammendment without forking Bitcoin.  Anyway ETF is sure a big hype that produce a pump to bitcoin price.  I just hope this will not create a bubble.

At this point, a bubble seems likely with all the ETF hype. However, the ETF overall would still be a good influence on bitcoin because it would increase awareness regardless of whether it's approved or not.

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February 23, 2017, 07:15:47 AM
 #22

Hi guys, why this extreme pump when there is only a 25-30 % chance of ETF aproval? Nobody wants to miss the moonrocket i guess? But lots of people are getting burned in march if you ask me. Perhaps all those new investors from Africa, India, Russia, Japan etc dont care about ETF at all?

I think you edit-answered your own question!
ETF is only happening in one place and people from lots of countries are investing in bitcoin. and you missed China for some reason. they have been investing in bitcoin even though their exchanges are closed for the time being. check out localbitcoins in China volume.

in my opinion, ETF is mostly hyped up. and it can lead to a rise eventually but this is not it. the current rise is too small to be the result of a hyped up event.
if you want to see an "extreme pump" see the 2013 rise which was a real pump. or a most recent one (if you can call it pump) during the halving in last year.
this here is a rally with a good buy support behind it.

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February 23, 2017, 07:26:38 AM
 #23


Well seems some dilemma in there but we could not know it until it happen.  I still want ETF to pass, and it is up to the developer on how they implement this ammendment without forking Bitcoin.  Anyway ETF is sure a big hype that produce a pump to bitcoin price.  I just hope this will not create a bubble.

At this point, a bubble seems likely with all the ETF hype. However, the ETF overall would still be a good influence on bitcoin because it would increase awareness regardless of whether it's approved or not.

The bubble will come after the ETF approval, not before.
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February 23, 2017, 08:07:13 AM
 #24

Extreme pump??

We have been at this price level 4 years ago!!

We have been trying to go break this level and failed twice, once in Dec and another time in Jan... what extreme pump are you talking about? This is fucking bitcoin, "extreme pump" is not the correct word

i guess everyone is shorting thinking that bitcoin can' hold this point, and will return back to under $1000 value shortly, the definition of extreme pump here should represent $2k in value at the very least

also chinese can't even recognize ETF and i don't think they care neither japan, therefore the current trend is not because of that like the thread started believe
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February 23, 2017, 08:41:34 AM
 #25

I'm worried about the dump after ETF disapproval   Lips sealed
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February 23, 2017, 08:44:11 AM
 #26

I honestly don't see anything extreme here , I see an increase with stability and since the chances are low , I doubt It will get approved. If we assume that the price is increasing due to ETF as you mentioned then we should expect a big dump once It gets disapproved in a couple of weeks and that's definitely not something good.

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February 23, 2017, 11:42:15 AM
 #27

I'm worried about the dump after ETF disapproval   Lips sealed

Well I could be wrong but I think that after the official rejection we won't go that low as many may expect.
800-900 is the range which should be the lowest imo.
Furthermore I don't think it will be down for long.
So if you should have some spare money left this could be an opportunity to get some more BTC.
I will definitely have an eye on the development after the SEC decision.

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February 23, 2017, 12:42:22 PM
 #28

I honestly don't see anything extreme here , I see an increase with stability and since the chances are low , I doubt It will get approved. If we assume that the price is increasing due to ETF as you mentioned then we should expect a big dump once It gets disapproved in a couple of weeks and that's definitely not something good.
Well, you can't blame people for connecting current increase with what in potential could be an approved Bitcoin ETF.

I personally think it's a combination of the ETF and the continuation of the rally that took a break where it resulted in the price to fall deep below the $800 mark after the peak to +$1100.

At the end of the day, this is all pure speculation. We'll see how important the role of the ETF really is in this rush once it doesn't get approved.

If the market doesn't show any signs of disappointment, then it's clear that it didn't had anything to do with the current rush to a possibly new all time high. There are just over 2 weeks to go.

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February 23, 2017, 01:35:53 PM
 #29

Hi guys, why this extreme pump when there is only a 25-30 % chance of ETF aproval? Nobody wants to miss the moonrocket i guess? But lots of people are getting burned in march if you ask me. Perhaps all those new inversotrs from Africa, India, Russia etc dont care about ETF at all?


ETF being approved is not that relevant. Bitcoin is going up because greedy bankers and politicians are waging a war against cash and attempting to force negative interest rates on numerous countries around the world. Its going up because people are buying it as a store of value. It is going up because for the last few months the supply has been only half what it used to be.

Bitcoin will go to the moon regardless of ETF and probably better without it. 
Agree. ETF has nothing to do with the current price rise. It is a pure speculation pump fuelled by the sentiment change on how US economy under Trump will do.
Enjoy the wave while it lasts, but make sure you jump out before it starts dropping.

this space is intentionally left blank
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February 23, 2017, 04:44:47 PM
 #30

How do we know that the chances are low for the ETF? Is there some way for us to know how likely it is to be approved? It would be good to know so we can plan our trading strategies accordingly.

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February 23, 2017, 06:03:30 PM
 #31

i expect an 100-150 $ decrease if ETF Winklevos is denied. And this is quite an contradict in this bull trend. So if it really happens it would be a good buying opportunity.

BTC here for more good charts and trading advice : 1AtPziQf3vYNV9ppLba6USdn1auVwD6a3z
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February 23, 2017, 06:27:59 PM
 #32

Hi guys, why this extreme pump when there is only a 25-30 % chance of ETF aproval? Nobody wants to miss the moonrocket i guess? But lots of people are getting burned in march if you ask me. Perhaps all those new inversotrs from Africa, India, Russia etc dont care about ETF at all?


ETF being approved is not that relevant. Bitcoin is going up because greedy bankers and politicians are waging a war against cash and attempting to force negative interest rates on numerous countries around the world. Its going up because people are buying it as a store of value. It is going up because for the last few months the supply has been only half what it used to be.

Bitcoin will go to the moon regardless of ETF and probably better without it. 
Agree. ETF has nothing to do with the current price rise. It is a pure speculation pump fuelled by the sentiment change on how US economy under Trump will do.
Enjoy the wave while it lasts, but make sure you jump out before it starts dropping.

Everything that goes up, must go down. Welcome to laws of physics, we don't need anyone to tell us that.

The problem is: WHEN. We are at $1160 again, bitstamp price, , actually, its going up as I write is, oh fuck, wait, its... ITS GOING TO BREAK THE ATH!!!!!
$1162 has been hit as I write this comment, I hope i can finish this comment before it keeps going up, since we are only 1 dollar away from hitting the 2013 ATH, 1 DOLLAR!. OH SHIT. $1162.42!! can I finish this message before it goes higher? DAMN. $1162.46 NOW. $1163. OH MY GOD. NOW ONLY 1 CENT BEFORE WE HIT ATH. $1163 UNBELIEVABLE. WE ARE GOING TO CROSS IT ANYTIME SOON.

OH GOD, LOOK AT THE GRAPH, ALL TIME HIGH! $1164! WE DID IT BEFORE I FINISHED THE MESSAGE!!!!!!!!

https://bitcoinwisdom.com/markets/bitstamp/btcusd

WE DID IT!!!!!!

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March 07, 2017, 03:11:48 PM
 #33

Hi guys, why this extreme pump when there is only a 25-30 % chance of ETF aproval? Nobody wants to miss the moonrocket i guess? But lots of people are getting burned in march if you ask me. Perhaps all those new inversotrs from Africa, India, Russia etc dont care about ETF at all?


ETF being approved is not that relevant. Bitcoin is going up because greedy bankers and politicians are waging a war against cash and attempting to force negative interest rates on numerous countries around the world. Its going up because people are buying it as a store of value. It is going up because for the last few months the supply has been only half what it used to be.

Bitcoin will go to the moon regardless of ETF and probably better without it. 
Agree. ETF has nothing to do with the current price rise. It is a pure speculation pump fuelled by the sentiment change on how US economy under Trump will do.
Enjoy the wave while it lasts, but make sure you jump out before it starts dropping.

Everything that goes up, must go down. Welcome to laws of physics, we don't need anyone to tell us that.

The problem is: WHEN. We are at $1160 again, bitstamp price, , actually, its going up as I write is, oh fuck, wait, its... ITS GOING TO BREAK THE ATH!!!!!
$1162 has been hit as I write this comment, I hope i can finish this comment before it keeps going up, since we are only 1 dollar away from hitting the 2013 ATH, 1 DOLLAR!. OH SHIT. $1162.42!! can I finish this message before it goes higher? DAMN. $1162.46 NOW. $1163. OH MY GOD. NOW ONLY 1 CENT BEFORE WE HIT ATH. $1163 UNBELIEVABLE. WE ARE GOING TO CROSS IT ANYTIME SOON.

OH GOD, LOOK AT THE GRAPH, ALL TIME HIGH! $1164! WE DID IT BEFORE I FINISHED THE MESSAGE!!!!!!!!

https://bitcoinwisdom.com/markets/bitstamp/btcusd

WE DID IT!!!!!!

Even after today's 5% drop, the price is still higher than $1200.
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March 08, 2017, 02:07:20 PM
 #34

Not for long it seems ETF will be the game changer.

BTC here for more good charts and trading advice : 1AtPziQf3vYNV9ppLba6USdn1auVwD6a3z
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March 08, 2017, 02:32:40 PM
 #35

Hi guys, why this extreme pump when there is only a 25-30 % chance of ETF aproval? Nobody wants to miss the moonrocket i guess? But lots of people are getting burned in march if you ask me. Perhaps all those new inversotrs from Africa, India, Russia etc dont care about ETF at all?


ETF being approved is not that relevant. Bitcoin is going up because greedy bankers and politicians are waging a war against cash and attempting to force negative interest rates on numerous countries around the world. Its going up because people are buying it as a store of value. It is going up because for the last few months the supply has been only half what it used to be.

Bitcoin will go to the moon regardless of ETF and probably better without it. 
Agree. ETF has nothing to do with the current price rise. It is a pure speculation pump fuelled by the sentiment change on how US economy under Trump will do.
Enjoy the wave while it lasts, but make sure you jump out before it starts dropping.

Everything that goes up, must go down. Welcome to laws of physics, we don't need anyone to tell us that.

The problem is: WHEN. We are at $1160 again, bitstamp price, , actually, its going up as I write is, oh fuck, wait, its... ITS GOING TO BREAK THE ATH!!!!!
$1162 has been hit as I write this comment, I hope i can finish this comment before it keeps going up, since we are only 1 dollar away from hitting the 2013 ATH, 1 DOLLAR!. OH SHIT. $1162.42!! can I finish this message before it goes higher? DAMN. $1162.46 NOW. $1163. OH MY GOD. NOW ONLY 1 CENT BEFORE WE HIT ATH. $1163 UNBELIEVABLE. WE ARE GOING TO CROSS IT ANYTIME SOON.

OH GOD, LOOK AT THE GRAPH, ALL TIME HIGH! $1164! WE DID IT BEFORE I FINISHED THE MESSAGE!!!!!!!!

https://bitcoinwisdom.com/markets/bitstamp/btcusd

WE DID IT!!!!!!

Even after today's 5% drop, the price is still higher than $1200.

In yobit they are showing that it has breaked the $1200 range and went till $1198.45 and then it bounced back and now trading in the range of 1230 to 1240. so it just got small profit booking and we an see more dump if on march 11 the ETF approval is approved or not.














 

 

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oaks05
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March 08, 2017, 05:37:00 PM
 #36

Im torn personally if im reasy for it to pass but i wont be mad either way

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March 08, 2017, 05:41:53 PM
 #37

Like what i am saysing for weeks, prepair for more dumps. Call me a bear , a newbie , or ' you must be new here'. In fact i am not, we will see decline till ETF deadline. So that means 4 days decline. See you at 1000 EUR.

BTC here for more good charts and trading advice : 1AtPziQf3vYNV9ppLba6USdn1auVwD6a3z
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