The ETF situation is a definition of trading=gambling

[Supercrypt]

Yeah it is a gamble to me right now but I am betting on both. I already have set up half of my funds for trading in fiat and the other half on bitcoin. But I think some are already cashing out their profit that is why there is currently some dumps that is pulling the price down. I do not know if the price will still go higher before the ETF Decision.

Still, you are getting ready based on the analyzes you come across but you are calling it gambling. Maybe using the term betting would be more appropriate than gambling. I do see sports betting is very much equivalent to trading.

In trading we are betting against prices of one commodity whereas in betting they do trade against one person or one teams' capability.

Trading against the speculations of approval of bitcoin ETF could not be a gambling as it involves analysis, maybe a kind of betting as explained above.

[1715163673]

1715163673

[1715163673]

1715163673

[hardtime]

If the ETF is approved, it's going to join the ranks in ease of purchase with many other gambling operations in the US Stock Market. People can use the terms interchangeably when you say Trading Stocks is close to gambling, but the difference is when you go ahead and trade stocks (in this case the BTC ETF) you're given a good amount of information about a company that you can make decisions on. This information could be financial statements, current news, what the company is doing now, and so on.\

I highly doubt this'll be possible with the BTC ETF as it is going to be an ETF (commodity / currency) and not a stock which you can do some sort of technical analysis on. Though, I do wish all the best on the ETF as a whole and I hope we make bucket loads of cash.

[Omega Weapon]

So what we have now is a situation where a dip is expected if X event happens, and a price rally or even massive pump if X event happens...

We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.

So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?

I have no idea, it all comes down to luck, so good luck to you (and to me)

If we can predict with accuracy what is going to happen under particular circumstances then that is not gambling, you have no way to know what number the dice is going to show up, so the direction ETF goes is irrelevant since we know what will happen whatever the outcome.

[Snorek]

I'm hodling. No point in selling at the biggest point in bitcoin's short history. The sky is the limit for the price when the ETF is passed.

Except that there is 20%-30% chance for ETF approval, and when our dreams are crushed bitcoin crowd tends to react pretty vividly, in a negative way.
We may see that some decline is already started and price dropped ~$100 since yesterday. Hard to tell if it was caused by fear that ETF will be declined but it is not the end of negative trend.

[machinek20]

Buying or selling at this point is gambling, ETF hold an important price stability, so we need the decision to see how will it affect bitcoin, but no matter what is the decision I still will hold my bitcoin, because I know even though the ETF not approve I believe I still got chance to be rich with bitcoin, it just the matter of time

[Monnt]

Buying or selling at this point is gambling, ETF hold an important price stability, so we need the decision to see how will it affect bitcoin, but no matter what is the decision I still will hold my bitcoin, because I know even though the ETF not approve I believe I still got chance to be rich with bitcoin, it just the matter of time

Yes, we do not need to get panic if ETF application is not getting its approval.
I believe some other company will be filing another application by fulfilling all the requirements where Winklevoleks brothers lags in that case.

So, certainly bitcoin will reach an imaginable price level in very near future if ETF gets its approval we can see those magic moments very soon, otherwise it will obviously take some more time.

[Red-Apple]

times like this that you feel like things are getting out of hand and getting too hard for you to predict the direction that price can move in, and you end up thinking trading=gambling then it is best if you stay on the side and keep watching the market.
just turn your capital to something that you are ok with (Fiat or Btc) and hold it until the situation passes. and it always does.
then get back in when things settle down and you could speculate again.

[maydna]

So what we have now is a situation where a dip is expected if X event happens, and a price rally or even massive pump if X event happens...

We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.

So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?

I have no idea, it all comes down to luck, so good luck to you (and to me)

its too much prediction on what will happen after ETF and i am sure that no one can make the right prediction as the price is followed by traders on the market. so i think as long as we can make good profit with the price now and after ETF, no matter the price is down or up, we can follow the market and we still can make profit with that. but if we only want to make profit at least in $3000, we can hold it for a while and waiting until we can see the price that we want.