Actual bull run or price crash will happen after mid- August decision.

[mimienamphine]

SEC will declare bitcoin as Exchange Trade Funds(EFTS) in its hearing in mid August .This means that more institutions will accept btc for trading and other activities if SEC accepts btc as EFTS.If it is accepted,then there be influx of many investors shooting they price up probably more than last December.If the opposite happens ,the price may dump miserably. Acceptance of btc as EFTS will be great for the industry and we all pray for this outcome to in the favour of the industry.Read more here https://cryptopanic.com/news/2638991/Bitcoin-Google-Trends-Data-Is-Anticipation-of-ETFs-Driving-the-Price-Up?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram

[QueenOfCrypto]

That will indeed be a crucial crossroad for Bitcoin - not for the long term, but surely for the short term. August is likely to be a quite volatile month.

[vy99]

I think it's going to work out in favor of Bitcoin and we'll see another spike. Wouldn't surprise me to see Bitcoin back in the 5-digits.

[Catmony]

Weren't we in similar situation last year around this time? Waiting for twins brother ETF decision and that got rejected. Same might happen this time, with speculation price might surge above $10k before decision and if it will get rejected after some correction it might pump again without any proper support bottom which is not good for long term. Price might keep on moving up without correction if the ETF got approved.

[dothebeats]

Weren't we in similar situation last year around this time? Waiting for twins brother ETF decision and that got rejected. Same might happen this time, with speculation price might surge above $10k before decision and if it will get rejected after some correction it might pump again without any proper support bottom which is not good for long term. Price might keep on moving up without correction if the ETF got approved.

That was some time between September and August IIRC, and even though the ETF wasn't approved, the latter part of 2017 was still a huge success for bitcoin given that we just established a new ATH before the fall. Methinks that suspending the decision about the ETF would build up anticipation and be convoluted with speculation, only to be rejected once more leaving the market in a frail state prone to crashes. If we were to follow the footsteps of 2017, I'm expecting that we might reach higher highs come Q3-Q4 of 2018, or let the price slowly climb to a decent baseline and take off in 2019.

[PokerStein1]

I hope they will accept Bitcoin as ETF and than there will be a huge bull run but i am afraid altcoins will be bad shape when Bitcoin make its bull run maybe after Bitcoin finishes its bull run money will come to altcoins.

[cryptjh]

This is very interesting news. I see no reason why SEC shouldn’t  declare Bitcoins for a legal Exchange Trade Funds.
We have already seen Bitcoins price in an uptrend in the last few weeks, and this cut lead to a perfect bull run, where demand will outnumber the sellers.
It would be nice to see Bitcoins back on track, and a new all time high in the coming months are also possible.

[pooya87]

neither one of these would happen in any case.

i believe no matter what happens we are going to have a drop (and that is a drop as in a correction not a crash). and price would come down a little and start building up some foundation for the next set of rise. we are already in a bull run and that will most probably not  change.

the only difference is the drop in case of acceptance would be because of selling the news and basically a correction. but a drop in case of rejection would be the same correction but with some panic sells.

[khanhtu156894@gmail.com]

I believe Bitcoin will survive, though. Simply $ 8000 can not evaporate in just one month

[Kotone]

neither one of these would happen in any case.

i believe no matter what happens we are going to have a drop (and that is a drop as in a correction not a crash). and price would come down a little and start building up some foundation for the next set of rise. we are already in a bull run and that will most probably not  change.

the only difference is the drop in case of acceptance would be because of selling the news and basically a correction. but a drop in case of rejection would be the same correction but with some panic sells.

it is very hard to predict what is actually happening in the next week. pthers think it is bull run because it is like an instant rise. but others think it just only in the month of august then it is crash again. for me. it is better to not know and just follow the flow because if we over think I am sure we only stress.

[squatz1]

Yet again, people never learn that there is no way to actually predict the price of bitcoin nor to even say what a certain event is going to do to bitcoin. But you are ALMOST right in listing out the possible situations for Bitcoin.

Only thing is you missed ONE of the THREE things which could happen. The price could either go UP, DOWN, OR STAY THE SAME after the decision. There is no inbetween about that, and there is no way

[Pursuer]

we still have a very long time until SEC makes up their mind in mid August and during that time we can build up a very strong buy support at the bottom and bring it upwards and when that happens there won't be any "crashes". we will surely see a drop though but I don't expect it to be that big although it is always impossible to predict bitcoin, we may even see a big rise instead even with ETF rejection because it is not something that we need for bitcoin to succeed.

[CODE200]

SEC will declare bitcoin as Exchange Trade Funds(EFTS) in its hearing in mid August .This means that more institutions will accept btc for trading and other activities if SEC accepts btc as EFTS.If it is accepted,then there be influx of many investors shooting they price up probably more than last December.If the opposite happens ,the price may dump miserably. Acceptance of btc as EFTS will be great for the industry and we all pray for this outcome to in the favour of the industry.Read more here https://cryptopanic.com/news/2638991/Bitcoin-Google-Trends-Data-Is-Anticipation-of-ETFs-Driving-the-Price-Up?utm_source=notifications&utm_medium=webhooks&utm_campaign=telegram

Actually, anything is possible to happen but no matter what will be happen the most important thing is bitcoin must have a much better increased of it's adaptation therefore the additional numbers of it's supporters may also help to this system to have a better value movements for the next few months. The demand and supply will be much important so the system will flow smoothly. Hoping for the best of it so everyone of us will be much benefited in the near future.

[monocolor]

Hope SEC will accept Bitcoin ETF, this will be big. This opens a door for many ordinary people to buy BTC, like gold or silver.

[stefy77]

I think none of us have a crystal ball for the short run. We have witnessed so many cases. We just have to stay at the window and wait.

[aoluain]

There is one thing we can predict, on the run up to the ETF decision the markets
will have grown but after the decision anything can happen.

The likely scenario is that the prices will fall back with either decision because
that is what has happened many times before. The markets have gone backwards
just when people were expecting the opposite because of speculation

"Buy the hype, sell the news"

The fall back will be temporary though because the markets will have grown so
much speculation will continue if thETF is rejected.
If ETF is accepted the markets will also rise with new investors.

[yayat]

Unfortunately yesterday, the SEC rejected Bitcoin as an ETF, and the effect was that it had blinded bitcoin had a very drastic price decline.

I saw on Bitfinex before the SEC was rejected, Bitcoin was priced around $ 7,500 and after the SEC rejected the Bitcoin ETF, the price dropped to $ 5,800

[abaidudez]

I think this is the same thing as what happen last year. if the bull run will happen this month in the middle let's just say 15th to 20th. So this little climb of bitcoin price from a huge drop to below $6000 is the start. I hope this is already the bull. I hope the price hike will continue.