Bitcoin ETF approval and alts.

[RentGPU]

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

[JeffBrad12]

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

It's mean the price of the altcoin will increase BUT the altcoin will have a lot of the correction with bitcoin. so you will see a lot of the redcandle in altcoins but that's not a big problem in my mind. The approval by SEC = The next pump of bitcoin.

[thepo1m]

It means opportunity to get cheap ALtcoins, if Bitcoin ETF is approved I can tell you that for weeks Bitcoin price will be rallying and we can head to $5000 and that means most of this Altcoin will dump seriously because noone will want to be bagholding these coins when BTC is rallying

[Pursuer]

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

bitcoin ETF like many other news about it out there and things that cause bitcoin price rise has no effect on altcoins whatsoever. altcoins move separately in general. it is the pump and dump that guides the market out there.

but there are times when bitcoin price goes up and people because of the change in bitcoin price, move their money to bitcoin market and this can remove some of the supports the particular altcoins had and the regular dumps can crash their prices unless a manipulator puts up some wall.

[RentGPU]

Thx for all replays , what i understood from this that if etf approved then altcoins may go down due to ppl selling alts they hold to buy btc , anyway march isn't so far thx all.

[shanem]

If Bitcoin ETF gets approved, the price of Bitcoin will surge tremendously. The altcoin markets in BTC will be in bloodbath as people will rush to sell their altcoins for bitcoin to join the ride in Bitcoin. After this initial reaction, people realised that bitcoin is expensive, will start to look at the altcoins to buy.

[BTCLovingDude]

Thx for all replays , what i understood from this that if etf approved then altcoins may go down due to ppl selling alts they hold to buy btc , anyway march isn't so far thx all.

that is true but don't count on it really! neither this nor the opposite
you may wait for the drop in case of ETF approval or a rise in case of its failure but you will get disappointed many times before you realize there isn't really any relation between them.

and people don't exactly "sell alt to buy bitcoin" that means paying fees 2, 3 times. they sell alt for bitcoin.

[royalfestus]

Thx for all replays , what i understood from this that if etf approved then altcoins may go down due to ppl selling alts they hold to buy btc , anyway march isn't so far thx all.

that is true but don't count on it really! neither this nor the opposite
you may wait for the drop in case of ETF approval or a rise in case of its failure but you will get disappointed many times before you realize there isn't really any relation between them.

and people don't exactly "sell alt to buy bitcoin" that means paying fees 2, 3 times. they sell alt for bitcoin.

I like to believe what you are saying even if it does not get to be true. I missed the selling time for most of the altcoin that dropped and i dont think it is reasonable to sell now. At times like this, I have to watch and how down it can get. Just only that the waiting will now be longer than  I think even If i have to sell again except the etf approval did not hold. Some said the approval news is just being rumored to make trade, that the chances of the approval is low. I dont know what to believe any way when it is all predictions.

[RentGPU]

Thx for all replays , what i understood from this that if etf approved then altcoins may go down due to ppl selling alts they hold to buy btc , anyway march isn't so far thx all.

that is true but don't count on it really! neither this nor the opposite
you may wait for the drop in case of ETF approval or a rise in case of its failure but you will get disappointed many times before you realize there isn't really any relation between them.

and people don't exactly "sell alt to buy bitcoin" that means paying fees 2, 3 times. they sell alt for bitcoin.

Thx for the advice, but i won't try to sell or buy i am not a trader also don't like trading , as a miner in this situation i only like in this situation to Hold my mined coins

[Sniper44]

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

it mostly depends on how bitcoin price will react to the news. if the price goes up a lot, then price of altcoins can potentially drop big too, and the same as when price of bitcoin goes down. then again price of altcoins can rise too.

[RentGPU]

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

it mostly depends on how bitcoin price will react to the news. if the price goes up a lot, then price of altcoins can potentially drop big too, and the same as when price of bitcoin goes down. then again price of altcoins can rise too.

They are not always inversely proportional ,for good example yesterday a pump pushed btc,eth,zec up ....i think it's all about whale traders secret rooms .. Because you just wakeup today, the pump is over and dump phase begain.

[deadsilent]

I dont know what exactly what will happen to altcoins when the ETF approved by SEC. But im sure this could affect the altcoin community. Maybe altcoins price will drop or rise. Its hard to predict. But in my prediction, we will see cheaper coins once ETF is approved. So im preparing myself once it happen. But if ETF is not approved. Bitcoin will drop.

[Red-Apple]

when it comes to bitcoin versus altcoins prices it is best if you don't count on them changing according to one another. for example bitcoin price goes up, altcoins can go up or drop. but it is good to know usually they drop because of bitcoin price rise.
and when bitcoin price comes down, often times altcoins go up.

the example of the exceptions is the Dash and Ethereum pump yesterday despite bitcoin price rising.

[Ayers]

when bitcoin increase altcoin decrease but not always, see dash is increased a lot, altcoin will always have a role here don't panic, it will not vanish just because bitcoin will be very high in value in the future, perhaps you can get rid of the not-very-good altcoin, and save only the top of the top when bitcoin increase a lot, holding too many coins is risky now

[memequiserle]

SEC and ETF aprove bitcoin, can good affect bitcoin price can incraese very high
good affect to altcoins, but ussualy if bitcoin price incraese very high altcoin can down price in bitcoin value
but same with DASH coin, in bitcoin value down, but with dollar value, DASH incraese very high too

[sunsilk]

Remember that when bitcoin's price is pumping most of the alts price will be dumping. And if ETF will be approved, it's an advantage for bitcoin.

But that would be an disadvantage for the alt coins, and if opposite thing will happen then alts will seemingly pump.

In short, ETF approved = BTC+ / alts - , ETF disapproved = BTC - / alts +

[talkbitcoin]

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

it depends on how bitcoin price will react. i personally thing we won't see a big rise and most probably we will see a bump and then some cash out and price comes down.
so in case of rise altcoins might drop
and in case of drop altcoins might rise.
and pay attention that i say "might" because it is usually this way and sometimes the opposite happens.

if you are mining you should always mine the best thing that gives you the most profit. this is mostly depending on the difficulty + price + block reward not just the price of them.

[xtyling]

Should we not get an approval, all altcoins will decrease in price because btc will be dumped

Should we get an approval, all altcoins will decrease because everyone will rush for the new thing and buy btc more and more and price skyrocks to 5000$

In either way, the news about the approval is bad for altcoins on the short term but it will be a good for the crypto space as a whole in the future. Better see it that positive way for alts!

[Alonzo Ewing]

My question is what will happen if ETF approval gets further delayed and the price of all the other ALT coins?

I think we may see a mixed moment here

[RentGPU]

My question is what will happen if ETF approval gets further delayed and the price of all the other ALT coins?

I think we may see a mixed moment here

Sorry, as i know 11 march the approval must be in yes or no no more delays that's what i heard