Why Bitcoin Will Hit New Highs - ETF Date August 10th

[doomloop]

I think that ETF can win the bull market for the cryptocurrency market, but even if the ETF fails to pass the review, the cryptocurrency is still worth looking forward to!

Exactly bitcoin will remain the same, because now bitcoin has become independent and it has own way of growing nothing can affect the value and worth of bitcoin, ETF will not fail as many people are now a day saying but even if it will be fail then value and worth of it will not be effected by it, I am sure price and importance of bitcoin will keep on going ahead.

[1714854431]

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[1714854431]

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[Baofeng]

I think that ETF can win the bull market for the cryptocurrency market, but even if the ETF fails to pass the review, the cryptocurrency is still worth looking forward to!

Exactly bitcoin will remain the same, because now bitcoin has become independent and it has own way of growing nothing can affect the value and worth of bitcoin, ETF will not fail as many people are now a day saying but even if it will be fail then value and worth of it will not be effected by it, I am sure price and importance of bitcoin will keep on going ahead.

Well, supply and demand as the basic principles behind the price increase/decrease. ETF is just one news that might influence to make the price go upward but its not a assurance because we don't have total control.  But it looks like SEC has disapproved it anyway (not the SolidX proposal) but we can safely assumed that ProShares will be rejected and that's what the did.

Although there's some positives news though.

https://cointelegraph.com/news/us-sec-to-review-rejection-of-nine-bitcoin-etf-applications

[bitcoindian]

Too late now to speculate at this point of date, the date has passed. It might be the time to lock this thread now, before other users start to make random speculations that is gonna be even off the date. BTC tanked too much and it is struggling to get past 7k again, unlike in the previous bull run that it suddenly jumped from around 6.8k to 7.1k just few weeks ago. Maybe bulls will run again after that speculated date but I highly doubt it will do it again that suddenly.

The market is really hard to predict and I'm also tracking the market to decide. The cryptocurrency market is very potential but in the present it is dominated by too much and that makes many investors feel extremely uncomfortable. I hope everything will stabilize again in the last months of this year.

Yes, we have to be very careful when the market is in a downward trend and this makes many people panic about the current situation. So cryptocurrency market has very huge potential where it can deliver to new heights but investors need some patience to see the new heights.

[ngacengan]

Hopefully this ETF can have a good impact and can make the price of cryptocurrency increase in price so that it can get a lot of profit, so just follow the developments and good news from this ETF.

[adiebitsler]

if indeed the ETF will have an impact on the increase in the price of bitcoin, so can it be ascertained to encourage altcoin too, because it seems that ETFs will only make bitcoin more familiar to the public.
how many days at the end of august the price does have a pretty good increase i hope it will continue.

[wozzek23]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

How sure are we about that? I don’t really rely on these predictions anymore I just do as my mind says though I do some research too… but after I have seen so many predictions fail, then I don’t rely on them anymore. I’m sure that the price of Bitcoin will rise, but what I’m trying to say is that we are not yet sure whether it will reach a new high or stay below the price it got to last year.

[healthyfirework]

After the decline, the most common thing is increase. And bitcoin will reach a new peak after experiencing a long decline and very much makes the owners panic. Although it didn't happen last August, I hope that the peak increase in bitcoin will occur in November or December.

[Kemarit]

Hopefully this ETF can have a good impact and can make the price of cryptocurrency increase in price so that it can get a lot of profit, so just follow the developments and good news from this ETF.

Or it can it impact us negatively. We haven't seen and ETF's approval yet, the only one we have is CBoE and CME bitcoin future contracts. And we all know what happen when institutional investors entered, long term effect is not good.

After the decline, the most common thing is increase. And bitcoin will reach a new peak after experiencing a long decline and very much makes the owners panic. Although it didn't happen last August, I hope that the peak increase in bitcoin will occur in November or December.

Of course when something goes down, it must comes up. But the market keeps struggling this year so we can't say if its going to bounce back November or December. So make adjustment on your trading and investing strategy. You don't need to panic, but understand and look for ways to make profit in this bear season.

[lonzoball0]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

Bitcoin will hit the new high. on December 11, 2017, Bitcoin has the biggest exploded. Now is just the preparation of Bitcoin for the next explode. This is just a test of patience and trust in Bitcoin. Never Lose Hope.

[WilliamsSean]

exactly.. this is fomo and bitcoin price is down.

[Affilate User]

I think the results of ETFs cannot make the price of bitcoin rise even there is a bitcoin price tends to fall and concern because various kinds of issues circulating at this time can have an influence on the price of bitcoin.

[futureofeth]

Too late now to speculate at this point of date, the date has passed. It might be the time to lock this thread now, before other users start to make random speculations that is gonna be even off the date. BTC tanked too much and it is struggling to get past 7k again, unlike in the previous bull run that it suddenly jumped from around 6.8k to 7.1k just few weeks ago. Maybe bulls will run again after that speculated date but I highly doubt it will do it again that suddenly.

The market is really hard to predict and I'm also tracking the market to decide. The cryptocurrency market is very potential but in the present it is dominated by too much and that makes many investors feel extremely uncomfortable. I hope everything will stabilize again in the last months of this year.

Still, everything is in speculation which we cannot able to predict whether Bitcoin price will increase by the end of the year. Many new investors are panic about the current situation of the market whether the price of Bitcoin and altcoin will recover or not. I hope it will take some time to recover but we have to wait patiently until it recovers.

[hualy2]

I have been expecting ETFs to bring a turn for the cryptocurrency market, but repeatedly refused, I think the chances of ETFs passing the review are very slim!

[kidsrock]

maybe we don't need ETF to see bitcoin price to go higher. as long as there is a strong support to lift the price, it will increase higher. and I see that the support still with bitcoin and soon, bitcoin price will go higher and I am no doubt with this because I believe with bitcoin. but I wonder and curious what will happen in this month since we are increasing higher in the last week but suddenly, the price is down again.

[FreeOxen]

Looks like the 10th August date did not provide the highs we were looking for
Everyone looked for the exit door instead it seems.... dang it

[Kevin77]

I think the results of ETFs cannot make the price of bitcoin rise even there is a bitcoin price tends to fall and concern because various kinds of issues circulating at this time can have an influence on the price of bitcoin.

ETF is just a piece of the equation and I do not expect it to have any serious effect on the price in the long run. Bitcoin price is still more subjected to bearish conditions at the moment and the fact that we can see a quick drop in price than an upward movement depicts that. The market is just not ready for an upward bullish momentum yet and I do not see in any case how ETF will be able to make that happen. Even though, a lot of people may have some bullish sentiment kicking in, with respect to institutions kicking in, but be rest assured that the same institutions will want the weak hands totally out before they start accumulating.

I have been expecting ETFs to bring a turn for the cryptocurrency market, but repeatedly refused, I think the chances of ETFs passing the review are very slim!

I still do not know why people will keep focusing on this ETF thing like the crypto existence depends on it. Without ETF the market has been going up and has been going down as a result of manipulations. Certainly, the market will obviously get matured over time with ETF approval, but that does not mean all of a sudden we would just expect to see some quick bullish movement as a result of that. It could happen and it could not, but there is really no point trying to put your mind so much on the future you cannot see.

[doanlang]

Whether ETF is accepted by SEC or not, this only contributes to Bitcoin reforms that are not related to rising or falling prices. We need to understand that Bitcoin always develops in a new way.

[tbterryboy]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

Why are most of you fond of giving fake news here? 😒You just come here to say whatever you wish, how sure were you then that price will go up just because of a little thing that happened… Hmmm… now we’ve passed August and instead of price to rise as you have said it didn’t, rather it even dropped to $6000+. Very funny, if you don’t know what to say, please keep calm and watch than confusing everyone.

[rickadone]

Whether ETF is accepted by SEC or not, this only contributes to Bitcoin reforms that are not related to rising or falling prices. We need to understand that Bitcoin always develops in a new way.

Bitcoin and the whole cryptocurrency space has even been developing long before we started hearing news of future contracts which eventually became a reality, and then we are now on the ETF path, which I am pretty sure a whole lot of this development is only going to lead to some form of regulation in the long run. I am not against regulation, but the attention on the ETF thing is too much. This was the same kind of attention that was given to CBOE futures which is for what reason at the end of the day.

Looks like the 10th August date did not provide the highs we were looking for
Everyone looked for the exit door instead it seems.... dang it

Maybe you missed the news, It was postponed. That is not even the case now. The truth is it is not really a big deal as some people are really putting it. This market will still mature in its own time, things will develop further and we will get to see a better space without the ETF which the whole ETF is just a whole lot of distraction and the whole fuss around is, even makes it unappealing by the day.

[btc_angela]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

Why are most of you fond of giving fake news here? 😒You just come here to say whatever you wish, how sure were you then that price will go up just because of a little thing that happened… Hmmm… now we’ve passed August and instead of price to rise as you have said it didn’t, rather it even dropped to $6000+. Very funny, if you don’t know what to say, please keep calm and watch than confusing everyone.

All of a sudden he became bullish on his predictions:

September Monthly Directional Outlook Report on Bitcoin

• TMS (Technical Market Structure): Bullish
• Wave Formation: Bullish
• Pi Cycle: Bullish 📈
• Stochastic Cycle: Bullish 📈
• 8.6 Cycle: Bullish📈

The Report In Full Here

That's what makes this market a good playing ground for everyone. You can have your own opinion and be wrong and then makes a U-turn and becomes permabull. Lol.