Amazing bitcoin performance after the ETF

[Pendularin]

Price seems already recovering and trying to stay well above $1200 range by end of weekend. Next week we may see new bullish trend and i am expecting price to touch $1300 within next few weeks.

The price is just below $1200 at the moment. But I think it will continue rising when more people use it.

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[Seansky]

As expected, the price dumped when the ETF got rejected because people expected it to dump, so panic selling ensued. Nothing out of the ordinary. But I didn't expect the price to stay at $1100+ so easy and so quick.

This shows us how powerful bitcoin is in 2017 compared to 2013. Bitcoin is indeed maturing, this now feels like a solid, serious thing.

It really proved that bitcoin is really strong at the moment. I think if this happened way back history will repeat itself. But it hapoened now but still bitcoin is above 1100$ I expected it would dump below 1000$ but it didn't. Maybe the price now is the new floor maybe now well I guess it is to early to say that so lets just wait what will happen in the next few weeks.

[kissmemissme]

i think there would be some major price drop in a next few months, for sure btc stays strong against etf news, but more negative to come and no signs for positive.

[BingoDog]

This just has shown that at the moment bitcoin is strong enough and resistant to such situation which is excellent and showin that bitcoin is becoming stronger and stronger and this is very important for future biger adoption and development. I don't agree with some predictions here saying that bitcoin price will drop significantly in the next few months.

[joshy23]

This just has shown that at the moment bitcoin is strong enough and resistant to such situation which is excellent and showin that bitcoin is becoming stronger and stronger and this is very important for future biger adoption and development. I don't agree with some predictions here saying that bitcoin price will drop significantly in the next few months.

Yes I thought that the price will dip big time, but I'm proven wrong. Although I still speculate that at least give bitcoin a few weeks to let the ETF euphoria stop. But it looks like the price will be stable at a range of $1100-$1200 and will continue to rise. Maybe there a silent investors out there who are pumping the price of bitcoin but this is good for the bitcoin ecosystem. We hope that the price will continue to rise up to the end of the year so that everybody will be happy and enjoy having invest in bitcoin in the first place.

[jtipt]

i think there would be some major price drop in a next few months, for sure btc stays strong against etf news, but more negative to come and no signs for positive.

Nah, a major drop in the coming months looks unlikely. ETF decision was the only major event that would had pumped btc or dumped it, but looks like a lot if people were expecting ETF to get disapproved and thus there was no big surprise dump after its disapproval.

[iv4n]

i think there would be some major price drop in a next few months, for sure btc stays strong against etf news, but more negative to come and no signs for positive.

Nah, a major drop in the coming months looks unlikely. ETF decision was the only major event that would had pumped btc or dumped it, but looks like a lot if people were expecting ETF to get disapproved and thus there was no big surprise dump after its disapproval.

In first days ETH decision didn't have impact on the bitcoin price, in any case this was good promotion for bitcoin, when people talk about it's get stacked in peoples mind. I don't expect price to drop at all, bitcoin is strong enough to hold this 1200 dollars. We need to look for the future independent from any government office or commission, I'm glad that bitcoin didn't suffer from their decision and that is good news, like I said one of the first task's for bitcoin will be to keep independence.

[richardsNY]

i think there would be some major price drop in a next few months, for sure btc stays strong against etf news, but more negative to come and no signs for positive.

At this point there is nothing that might indicate a negative impact on the price, so I am not sure where you get that feeling for more negativity from. Positive signs are the fantastic sentiment and increased demand coming from people looking to escape the governmental system that they before Bitcoin could hardly escape from. If you don't see these things as massive plus points, then I am not sure what will....

[kissmemissme]

i think there would be some major price drop in a next few months, for sure btc stays strong against etf news, but more negative to come and no signs for positive.

At this point there is nothing that might indicate a negative impact on the price, so I am not sure where you get that feeling for more negativity from. Positive signs are the fantastic sentiment and increased demand coming from people looking to escape the governmental system that they before Bitcoin could hardly escape from. If you don't see these things as massive plus points, then I am not sure what will....

Increasing concerns about tx cost and time and a lack of unity inside the community, so we are unable to take any steps to prevent a disaster.

[machinek20]

It really surprise me too, i thought it will be under 1000$ when etf rejected the idea, but it still holding on above 1000$, it proves that people not too care about etf decision because they know that the price is in their hand, but we shall see and wait a little longer, see what would be the effect of etf rejection

[crairezx20]

Same here that i thought the price of bitcoin will decrease huge or below $1k value but i think many business people there are investing on bitcoin and more company are accepting bitcoin as payment processor and more merchant are accepting it even in local country like in brazil and paris that i heard they have some stores are accepting bitcoin as payment.. so ETF is not a problem if its rejected..

[leopard2]

There was this analysis saying that BTC would go to 3600 if approved and back to sub 700 if not. LOL.

AMAZING relative strenght we are seeing here...

it means that the money has not left the exchanges but the selling was just temporary and it also means, the path to 2000+ is now open.

Look guys, the ETF did not exist, there was not a single cent of ETF money in the market when 1300 was hit. BTC can do it, without the ETF.  

[ArdiPrabowo]

bitcoin price still good performance and bitcoin price back again over 1200 dollar
because bitcoin user community not affected about result SEC rejected proposal ETF, bitcoin user still use bitcoin

[Qartersa]

And it looks like it is stabilizing at 1,200 again. I really didn't think that bitcoins will ever be affected by that ETF if ever it gets denied. It will just comeback to the status quo when no ETF application was passed. The sudden drop was just because of, like what you said, people expected the drop and it did drop because of that. Though it raised back up when needed.

[Yuuto]

As expected, the price dumped when the ETF got rejected because people expected it to dump, so panic selling ensued. Nothing out of the ordinary. But I didn't expect the price to stay at $1100+ so easy and so quick.

This shows us how powerful bitcoin is in 2017 compared to 2013. Bitcoin is indeed maturing, this now feels like a solid, serious thing.

Well said.

I think that the main thing is that there is less hype, less speculation in 2017 than 2013, but rather an actual increase in the level of user engagement and community grew dramatically over the past years.

This pump was over a period of half a year, or even more. It has been growing at a steady pace, while the 2013 pump only lasted for a few days/weeks.

I wouldn't be surprised that bitcoin hits $1,500 even after the ETF declination.

Just proves that if something is intrinsically valuable, it will thrive.

[SaShiRaJaVu]

As expected, the price dumped when the ETF got rejected because people expected it to dump, so panic selling ensued. Nothing out of the ordinary. But I didn't expect the price to stay at $1100+ so easy and so quick.
This shows us how powerful bitcoin is in 2017 compared to 2013. Bitcoin is indeed maturing, this now feels like a solid, serious thing.

Well said.
I think that the main thing is that there is less hype, less speculation in 2017 than 2013, but rather an actual increase in the level of user engagement and community grew dramatically over the past years.
This pump was over a period of half a year, or even more. It has been growing at a steady pace, while the 2013 pump only lasted for a few days/weeks.
I wouldn't be surprised that bitcoin hits $1,500 even after the ETF declination.
Just proves that if something is intrinsically valuable, it will thrive.

I do really accept the fact that people are trusting in bitcoin and in my opinion there are several factors that the price recovered even after the rejected by SEC,one thing is that The Federal Open Market Committee might take a decision on hiking the interest rate and there are several other things happening in the real market and those news could be reflected in the price of bitcoin as there are more solid investors in bitcoin than in 2013.

[pooya87]

As expected, the price dumped when the ETF got rejected because people expected it to dump, so panic selling ensued. Nothing out of the ordinary. But I didn't expect the price to stay at $1100+ so easy and so quick.

This shows us how powerful bitcoin is in 2017 compared to 2013. Bitcoin is indeed maturing, this now feels like a solid, serious thing.

i actually was expecting the $1100 to be the bottom price where it becomes stable, the dump even to below $1000 and to $900ish was easily possible but these dumps can never last more than a couple of minutes because despite orderbooks being thin, the people who put up those orders aren't thin. there is a lot of us

what i didn't expect was going back up to $1250 this soon. i was expecting stability on $1120 and then slowly rising up to $1200 and breaking it in a week to start working on $1300.
it seems like the buy support is much stronger than i thought. maybe ETF had its effect even with its rejection!

[marketone]

i think there would be some major price drop in a next few months, for sure btc stays strong against etf news, but more negative to come and no signs for positive.

Already bitcoin price is bumping even after rejection of ETF news. Sometimes it may happen for the downfall, but again bitcoin can re-secure its position back into the market. Bitcoin price completely depends upon the demand and supply, bitcoin is moving its direction in the right direction until ETF accepts it.

[jjacob]

As expected, the price dumped when the ETF got rejected because people expected it to dump, so panic selling ensued. Nothing out of the ordinary. But I didn't expect the price to stay at $1100+ so easy and so quick.
This shows us how powerful bitcoin is in 2017 compared to 2013. Bitcoin is indeed maturing, this now feels like a solid, serious thing.

Well said.
I think that the main thing is that there is less hype, less speculation in 2017 than 2013, but rather an actual increase in the level of user engagement and community grew dramatically over the past years.
This pump was over a period of half a year, or even more. It has been growing at a steady pace, while the 2013 pump only lasted for a few days/weeks.
I wouldn't be surprised that bitcoin hits $1,500 even after the ETF declination.
Just proves that if something is intrinsically valuable, it will thrive.

I do really accept the fact that people are trusting in bitcoin and in my opinion there are several factors that the price recovered even after the rejected by SEC,one thing is that The Federal Open Market Committee might take a decision on hiking the interest rate and there are several other things happening in the real market and those news could be reflected in the price of bitcoin as there are more solid investors in bitcoin than in 2013.

The price seems to be surging irrespective of events surround it. Whether the Fed increases or decreases the interest rate, I don't think it will have an impact on Bitcoin. The people who modify their asset allocation based on the Fed's actions don't invest in Bitcoin. 

[lumeire]

As expected, the price dumped when the ETF got rejected because people expected it to dump, so panic selling ensued. Nothing out of the ordinary. But I didn't expect the price to stay at $1100+ so easy and so quick.
This shows us how powerful bitcoin is in 2017 compared to 2013. Bitcoin is indeed maturing, this now feels like a solid, serious thing.

Well said.
I think that the main thing is that there is less hype, less speculation in 2017 than 2013, but rather an actual increase in the level of user engagement and community grew dramatically over the past years.
This pump was over a period of half a year, or even more. It has been growing at a steady pace, while the 2013 pump only lasted for a few days/weeks.
I wouldn't be surprised that bitcoin hits $1,500 even after the ETF declination.
Just proves that if something is intrinsically valuable, it will thrive.

I do really accept the fact that people are trusting in bitcoin and in my opinion there are several factors that the price recovered even after the rejected by SEC,one thing is that The Federal Open Market Committee might take a decision on hiking the interest rate and there are several other things happening in the real market and those news could be reflected in the price of bitcoin as there are more solid investors in bitcoin than in 2013.

The price seems to be surging irrespective of events surround it. Whether the Fed increases or decreases the interest rate, I don't think it will have an impact on Bitcoin. The people who modify their asset allocation based on the Fed's actions don't invest in Bitcoin. 

Probably what's powering the market now is true demand, that's why the price seems to be irrespective of current events. Hopefully this continues on for a few more months.