Get ready to SODL

[Richard Branson]

Time for another round of profit taking if we hit 1200$.

[1714173410]

1714173410

[1714173410]

1714173410

[manselr]

Time for another round of profit taking if we hit 1200$.

Not really, it's impossible to know, and I don't really care. If we go down, that's great news, it just means we have more time to keep aiming for our bitcoin goals. If bitcoin keeps going up, I will never be able to reach the 21 BTC goal.

If it goes to the moon, well it's good, but it sucks cause I want 21.

If ETF passes we will go 10,000+

[BrewMaster]

Time for another round of profit taking if we hit 1200$.

nope. we are going to see mostly rises until ETF or some days left to ETF then it is time for profit taking, and remember $1200 is not the end and last time i remember $1215.9 as my own high price and if it goes higher than $1200 it will continue going higher since the resistance is smaller too.

[raven7886]

Time for another round of profit taking if we hit 1200$.

I am not finding that bitcoin will make turn around $1200 levels this time as it is marching with the target of $1500 levels. Hopefully by the time of bitcoin etf gets approval, I believe bitcoin prices will reach this remarkable level of $1500. Because there is a strong sentiment among traders like bitcoin will test $2000 levels too.

If $2000 will be possible, I guess we need to forget completely about profit booking for time being as bitcoin will get more investors through media coverage hence the next target of $5k or $10k also easily viable in quick time.

[Snorek]

Time for another round of profit taking if we hit 1200$.

Not really, it's impossible to know, and I don't really care. If we go down, that's great news, it just means we have more time to keep aiming for our bitcoin goals. If bitcoin keeps going up, I will never be able to reach the 21 BTC goal.

If it goes to the moon, well it's good, but it sucks cause I want 21.

If ETF passes we will go 10,000+

$10k right after ETF approval is unrealistic scenario. The most optimistic forecast I've seen predicted 65% price boost.
Here is detailed analysis: https://bitconnect.co/bitcoin-news/441/bitcoin-price-will-spike-over-65pr-after-winkelvoss-etf-analyst/

Here is Reddit discussion about that article, people are speuclating that price might go higher than 200%:https://www.reddit.com/r/Bitcoin/comments/5ueggi/bitcoin_price_will_spike_over_65_after_winkelvoss/

[coinplus]

$10k right after ETF approval is unrealistic scenario. The most optimistic forecast I've seen predicted 65% price boost.
Here is detailed analysis: https://bitconnect.co/bitcoin-news/441/bitcoin-price-will-spike-over-65pr-after-winkelvoss-etf-analyst/

I am not ready to believe into any analyst. The actual must be lying within bitcoin and the bitter truth is 'no body will speculate exactly'. If 65% is based on how many number of bitcoins will be used for etf trading then there would be no guarantee that number of bitcoins will not be increased. Definitely more number of bitcoins will be added when etf become more popular.

Also the time frame will be playing a significant role for 65% (from current price) growth and for $10k price levels.

[romero121]

As one of the user quoted ETF is the major concern right now compared to other factors that move the price around. Till ETF approval the price variation will be enormous at the same but unexpected situations too can arise if technology doesn't support the requirements to the needs. So targeting or focusing on a particular price to profit is a 50-50 play.

[Raimonn]

I don't expect many users sell its bitcoins only because the 1200 dollar level, we are very near to ETF date. If they sold could be because they thing that will not be approved. And the ones that think that it will be approved will hold expecting bigger price.

[BitDane]

Time for another round of profit taking if we hit 1200$.

I am not finding that bitcoin will make turn around $1200 levels this time as it is marching with the target of $1500 levels. Hopefully by the time of bitcoin etf gets approval, I believe bitcoin prices will reach this remarkable level of $1500. Because there is a strong sentiment among traders like bitcoin will test $2000 levels too.

If $2000 will be possible, I guess we need to forget completely about profit booking for time being as bitcoin will get more investors through media coverage hence the next target of $5k or $10k also easily viable in quick time.

I also see bitcoin bulls charging for another $100 increase, I may say $1300  before the ETF decision and if it is approved we can see Bulls charging to $1500.  If ETF is disapproved then this bull charge will become bull trap LOL.  And will support OP decision of taking profit at $1200.

[CyberKuro]

Time for another round of profit taking if we hit 1200$.

Not really, it's impossible to know, and I don't really care. If we go down, that's great news, it just means we have more time to keep aiming for our bitcoin goals. If bitcoin keeps going up, I will never be able to reach the 21 BTC goal.

If it goes to the moon, well it's good, but it sucks cause I want 21.

If ETF passes we will go 10,000+

Great points, I agree with you. Our goal is to have at least BTC21 in the wallet, because that's the challenge from the first time.
Bitcoin price always rise and fall, traders aiming to get every cent of profit as much as they can. Many people attracted to do the same thing while others don't really want to do so, to keep their own bitcoin save instead of purchase fiat money which not very valuable than bitcoin in the future. Whenever I can afford my expenses without sell any bitcoin, I will continue to save more bitcoin.

[VanDeinsberg12]

Time for another round of profit taking if we hit 1200$.

If ETF passes we will go 10,000+

It's very optimisms. basically, we must see the US condition. And about $10,000 it is really big decimal just for the SEC approval.  I have thing if the bitcoin will never $1500 after the SEC will be approving bitcoin.
We are speaking about multi-hundred million dollars and not about multi-hundred billion dollars. My guess it will not push the price of bitcoin over $1400.
Although the bad news will be coming on 11 march and get ready for the bull trap.

[bustedsynx]

Bitcoin will either go up a lot or slowly go down after ETF. In any case, if you don't trade at all, hold on tight, sell on the parabolic moves.

[pooya87]

Time for another round of profit taking if we hit 1200$.

If ETF passes we will go 10,000+

It's very optimisms. basically, we must see the US condition. And about $10,000 it is really big decimal just for the SEC approval.  I have thing if the bitcoin will never $1500 after the SEC will be approving bitcoin.
We are speaking about multi-hundred million dollars and not about multi-hundred billion dollars. My guess it will not push the price of bitcoin over $1400.
Although the bad news will be coming on 11 march and get ready for the bull trap.

it is not called optimism, that is called an illusion.
this approval will be great and will have so many good long term effects on bitcoin but to expect such a ridiculous rise is just not real.

[mundang]

It will hit the 1400$-1500$ price first before bitcoin will make its way down and stop at 750$.  This event will happen in 1 or two days only it means that going down is extremely fast.

[Slow death]

Time for another round of profit taking if we hit 1200$.

I am not finding that bitcoin will make turn around $1200 levels this time as it is marching with the target of $1500 levels. Hopefully by the time of bitcoin etf gets approval, I believe bitcoin prices will reach this remarkable level of $1500. Because there is a strong sentiment among traders like bitcoin will test $2000 levels too.

If $2000 will be possible, I guess we need to forget completely about profit booking for time being as bitcoin will get more investors through media coverage hence the next target of $5k or $10k also easily viable in quick time.

I already saw a lot of sites talking about this subject

http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies

http://www.newsbtc.com/2017/02/26/bitcoin-price-etf-and-more/

http://www.nasdaq.com/article/will-bitcoin-etf-see-the-light-of-day-in-march-cm753035

[VanDeinsberg12]

Time for another round of profit taking if we hit 1200$.

If ETF passes we will go 10,000+

It's very optimisms. basically, we must see the US condition. And about $10,000 it is really big decimal just for the SEC approval.  I have thing if the bitcoin will never $1500 after the SEC will be approving bitcoin.
We are speaking about multi-hundred million dollars and not about multi-hundred billion dollars. My guess it will not push the price of bitcoin over $1400.
Although the bad news will be coming on 11 march and get ready for the bull trap.

it is not called optimism, that is called an illusion.
this approval will be great and will have so many good long term effects on bitcoin but to expect such a ridiculous rise is just not real.

Hahaha I guess a lot of the people become a mad caused by the bullish trend and new ATH of bitcoin. Yeah, i think it will give long-term effect. I have seen some of the altcoin projects were ignoring the US participant to get into the fundraising or crowdsale. It seems the condition will change after the ETF approval.
US citizen will be allowing to entrance on the crypto environment.

[epitome]

If ETF passes we will go 10,000+

Why would the price climb to 10 K dollars if the ETF is approved .Why are people making these claims.Why don't we stick to reality about the price.The realistic price it could reach is $2500 to $3000 at the max and we still have people calling for $10k . How about a good correction in price if the ETF is not approved,do you think it is possible.

[jossiel]

If ETF passes we will go 10,000+

Why would the price climb to 10 K dollars if the ETF is approved .Why are people making these claims.Why don't we stick to reality about the price.The realistic price it could reach is $2500 to $3000 at the max and we still have people calling for $10k . How about a good correction in price if the ETF is not approved,do you think it is possible.

$10k is truly far from major expectations. But for sure when ETF will be approved there would be price hike, seemingly $2k is close and realistic.

As of now, it looks like many don't want to sell and looks for higher price or just waiting for the result of ETF.

I don't know if I'll sold after whatever will be the result of ETF.

[Seansky]

Well I can agree with OP it might be already time to sold and get profit again since I know that many of us will sell when 1200$ is touched again especially if the new all time high higher than mt. gox ath is reached. Im sure we might go under sub 1000$ again but there is a probability that we might never see those prices again but before buying again let's wait to get more and more profit.

[maker88]

If ETF passes we will go 10,000+

Why would the price climb to 10 K dollars if the ETF is approved .Why are people making these claims.Why don't we stick to reality about the price.The realistic price it could reach is $2500 to $3000 at the max and we still have people calling for $10k . How about a good correction in price if the ETF is not approved,do you think it is possible.

It's because if investors buy the etf enough they will have to start purchasing more bitcoin to cover the shares of the etf.