The next trend of bitcoin?

[daoquanghuan]

     Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?

[cellard]

    Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?

I think the chances of the ETF getting approved are extremely low. The US Government isn't going to want to have to deal with all the potential losses that could lead from scams. They are going to reject the proposal again, and we are going to have a dip, noobs will panic sell and smart money will quickly buy the dip and in a couple of days we'll be back again.

Maybe one day noobs will learn that we don't need ETF or Futures for Bitcoin. By then the dips after the rejections will not happen since there will be no noobs to profit from as they stay on BTC.

[wxa7115]

I think the chances of the ETF getting approved are extremely low. The US Government isn't going to want to have to deal with all the potential losses that could lead from scams. They are going to reject the proposal again, and we are going to have a dip, noobs will panic sell and smart money will quickly buy the dip and in a couple of days we'll be back again.

Maybe one day noobs will learn that we don't need ETF or Futures for Bitcoin. By then the dips after the rejections will not happen since there will be no noobs to profit from as they stay on BTC.

I agree with this, after researching a little bit more it seems the enthusiasm over bitcoin ETFs seems to be great but do you think that is going to be enough to change the mind of the SEC? No, they do not care what people think they only care about protecting their self interests, we must understand that the market of cryptocurrencies is one of the riskiest all over the world and that even while some people get great profits those profits do not come free, someone has to lose money, adding more people in an artificial way will only add gasoline to the fire and will cause many complains among the investors.

[geminiboy]

true, btc only need support komonitas investor because btc can not stop anyone, btc always have price fluctuation when bad news crypto popping up

[bigdude]

     Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?

the first ETF has been rejected
this isnt the one that everyone was waiting for tho
this is the WinkleVoss one.
Market always got affect and fear with bad news but it will recover soon or later. I don't worry about it

[privedvelosiped]

    Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?

In addition to this news, it was said that the MasterCard plans to connect to the crypto currency. I personally read the news on the site. A lot of news in support of the growth of bitcoin prices. So we believe and wait

[RomanPetrush]

Bitcoin price will go up, just before the crisis. Smart people will buy crypto instead of fiat. We are in a few months before the financial crisis and that could happen at any day.

[jseverson]

I just want to add that it has been denied, at which point it dropped but then recovered again:

https://www.cnbc.com/2018/07/27/bitcoin-loses-steam-after-sec-denies-winklevoss-etf.html

The rally seems to have stopped though, so the mini bull run really could have been about the hyped up chances of the SEC approving the Winklevoss Twins' Bitcoin ETF. It did seem to rejuvenate the market, so I'm kind of optimistic that the $8k price range could be maintained.

[pooya87]

since bitcoin does NOT need ETF to go up, what i think is that with or without ETF bitcoin will remain on the same path that it has been on for the past 9 years and there is no reason for it to change directions now. but with the news about ETF we will have some disturbance in the market meaning before its approval we will have lots of speculation and some rises. afterwards if it is approved then we will see a jump and then a correction to go back to normal and if it is not we will see a small drop before we go back to normal. in the end we will be back to normal and rising back up again it will just be postponed because of ETF no matter what the result.

[jiya jaena]

I think if the SEC has approved the BTC, significant price increases will occur, it could even exceed $ 8k and I'm sure this will definitely happen because it's been proven that bitcoin is the best investment

[Kasliono]

     Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?

I think that ETF is not really a big factor that makes the price of bitcoin will going up, as we can see that there are only several people who know what ETF is, and only several people who think that it would give an effect to the price of bitcoin. So, in my view, the price of bitcoin will go up when there are other reasons which related to the price of bitcoin.

[kma.deno]

It is true that you don't really need ETF to get approved in order to see BTC rise again. If it is supposed to be rising again, it will definitely rise. However, I think SEC will accept ETF proposal this time. After the recent massive public response of 97% for ETF approval have definitely shaken them as they have delayed the hearing again. If Bitcoin ETF gets approved, BTC's demand will definitely rise.

[DJ_Rick]

I agree with those experts who predict that the price of btc will rise soon. To my mind, it is obvious that the price will increase greatly and you will see that you will earn good money next year

[Singbatak]

Certainly in the coming months of the august we will see a rapidly rising bitcoins price. My only advice is to be wise because it's hard to trust even when we know that the august month is up trends. It is better that we are prepared for what can happen so we can recover from our losses.

[cizatext]

Despite the fact that the news of the ETF investment found being approved is not 100% confirmed due to the fact that the news is just a rumor I believe the sec will never allow the market to fall in totality and at that we will still witness significant growth in the bitcoin market because there have been good news all around and the level of demands for the commodity is on the increase in recent time that is the reason for this recent increase above $8000.

[kickdapa]

I am afraid that Bitcoin may not accept by the SEC! There has less chance to accept Bitcoin by ETF! So, I am confused about the next bitcoin bull run. At this moment, bitcoin price based on the SEC, ETF Rumor, Nothing else. Though some big investors have invested in bitcoin, Samsung Accepts crypto payment in some countries and if more good news comes to bitcoin then Bitcoin next trend can be started within two months! This is my opinion.

[3acaga]

Yes, you are right, investment funds can raise the price of bitcoin, but they can also lower the price over time, which is bad for bitcoin.
It is necessary that more ordinary people become interested in bitcoin, and then no financial whales will be able to regulate the bitcoin rate.

[Capt00]

Yes, you are right, investment funds can raise the price of bitcoin, but they can also lower the price over time, which is bad for bitcoin.
It is necessary that more ordinary people become interested in bitcoin, and then no financial whales will be able to regulate the bitcoin rate.

Yes, the bitcoin make price goes up are those investors and I think SEC or either ETF is not the main factor that the price will go up as what OP's said since bitcoin price was unpredictable we can conclude that these are the big effect on bitcoin price. However, whether it is gonna happen or not hopefully, ETF will get approved.

[renata.tuncha@ex.ua]

I think that nowadays there are more different blockchain projects are developing and I think that Token Sale projects are also developing such as Socratus have you heard about it?  It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices.  I think this is really cool and it seems like an innovative and demanded project.

[cryptoforexguide]

I think that the EFT proposal is just a tiny piece of the jigsaw.

It's nice to see a short term rise as a result since this will inject some confidence and protect the currency from the bigger dip that it was primed for.

In reality the long game is the smart game.  Buy on the dip and hold your nerve on the spike.

Bitcoin has a massive future.

Those of you that remember having BTC at $20....  The difference between that and now will pale in comparison to the difference between now and what's coming.

I think that there are a lot of people on this forum who will be incredibly wealthy in the future but have no idea.

It's an exciting new generation of finance.

So as cool as the EFT proposal is, it's just one tale in a chronicle of tales that will create the building blocks of a financial revolution the world isn't ready for.