Bitcoin Bull Run of Over 500% Might Occur if Bitcoin ETF Gets Approved

[TheWeb]

Bitcoin Bull Run of Over 500% Might Occur if Bitcoin ETF Gets Approved, According To Research


The recent surge in price of Bitcoin that saw it reached a two month high has been attributed to the fact that many institutional investors believe that Bitcoin ETF could be approved before the end of this year and especially by next month.

An independent research,carried out by a Bitcoin enthusiast , Tom Alford who is an independent cryptocurrency trader and investor had shown that Bitcoin ETF has unique similarities to gold ETF. Since, Charlie Lee, the founder of Litecoin had likened Bitcoin to gold recently, his findings could be true.

Tom Alford said that after gold ETF came into existence in 2003, that by 2011 which is an 8 years gap, its price had increased to about 500% yearly after it was traded previously for 30 years.

Just this week, the Winklevoss twins application for Bitcoin ETF was rejected by SEC, in a vote of 3:1, citing reasons of protecting investors, manipulation and fraud for factors behind the unsuccessful application.

However, many believe that the proposal sent in to SEC by CBOE Global Market that will be decided by August 16, 2018 will be successful.

Read More: https://zycrypto.com/bitcoin-bull-run-of-over-500-might-occur-if-bitcoin-etf-gets-approved-according-to-research/

[Kemarit]

That is, IF it gets approved. So its still up and no one can say for certain if SEC will give us a nod. Its all speculation and we need to wait on Aug. 10 or Aug 16 (in your post). We don't need any research because its pretty obvious that the decision will be the needed  break that we all have been waiting for. So don't be too excited about or not to carried away by the news. Because that 500% prediction that they are talking will be nothing if SEC decided against the VanEck SolidX application. We even might see the price going bottom again so just prepare for the worst.

[enhu]

Its suppose to be decided this August but why do they have to move the date again? Was is because they need to buy more BTC for themselves or it is because they have the parameters and regulations being arranged before the approval of ETF?  I'm seeing this could happen in few months and when al lthings are going to be clearer, those who haven't bought BTC right now might be regretting the entire days of their life.

[carlisle1]

Its suppose to be decided this August but why do they have to move the date again? Was is because they need to buy more BTC for themselves or it is because they have the parameters and regulations being arranged before the approval of ETF?  I'm seeing this could happen in few months and when al lthings are going to be clearer, those who haven't bought BTC right now might be regretting the entire days of their life.

So when would it be again?do you have some link budz to share ?because all we know is this will be happening in August this year and about the date of adjustment i have no idea.

Maybe this is the reason why bitcoin price drops again,because of this date adjustment?hope this will happen soon as i am waiting about the reaction of the community and market for ETF

[davis196]

The bitcoin bull run won`t be only 500%.It will be above 1000% and it will not depend on any SEC approvals.
OP,you make two mistakes.First mistake,like many other people,you compare bitcoin to gold.
Second mistake,the ETF won`t be approved,so don`t spread false optimism.The newbies will gonna be very frustrated after August 16.

[Evan_Doyle]

That's an interesting perspective that I haven't heard before. Maybe it will trigger something similar to gold, but we'll have to see. History never repeats itself but it does follow patterns.

Bitcoin is much different than gold, but it has similar attributes on the market. Namely, it's being treated as a safehaven asset in times of trade wars and other uncertainties. It's being seen as another way to transport money. It's a store of value that only gains over time.

But will it run that high if (and only if) the ETF gets approved? Are retail investors really that keen to jump on it? Hedge funds? It's not a definite cause and effect here that we can state. Just comparing it to gold has no guarantee of success.

[1Referee]

Am I the only one getting tired of all this bull run nonsense?

There will be NO bull run as long as the majority of you guys haven't sold your coins.

# Bull runs don't happen when people have stacked up Bitcoin already.
# Bull runs don't happen when there are plenty of bagholders looking for an increase to dump.
# Bull runs don't follow each other up with so little time in-between.

The more people expect a bull run to happen the longer you have to wait to actually see one get initiated. Institutions aren't stupid, they won't allow you to dump on them.

[talkbitcoin]

bitcoin bull run of over 500% will occur even if bitcoin ETF doesn't get approved!

so far bitcoin has increased to an unimaginable % from nearly 0 to $20000 and it didn't need things like ETF for getting there and this is not about to change in the future either.
every extra thing such as ETF is just going to be an additional push to make that rise a little bit faster but they don't cause the rise in first place.

[Denker]

Am I the only one getting tired of all this bull run nonsense?

There will be NO bull run as long as the majority of you guys haven't sold your coins.

# Bull runs don't happen when people have stacked up Bitcoin already.
# Bull runs don't happen when there are plenty of bagholders looking for an increase to dump.
# Bull runs don't follow each other up with so little time in-between.

The more people expect a bull run to happen the longer you have to wait to actually see one get initiated. Institutions aren't stupid, they won't allow you to dump on them.

Well TPTB are in a fucked up situation. In times of the internet where everyone can get the information he is looking for regarding Bitcoin and crypto, the effects of spreading FUD are becoming weaker and weaker. So it doesn't matter who holds coins. As soon as he knows what Bitcoin is about and has decided not to sell he has become a hardcore hodler.
Otherwise I could say the same about you. As long as you haven't sold your coins, Bitcoin will not move up. And that is totally bull shit! You know this.

[Lucius]

bitcoin bull run of over 500% will occur even if bitcoin ETF doesn't get approved!

so far bitcoin has increased to an unimaginable % from nearly 0 to $20000 and it didn't need things like ETF for getting there and this is not about to change in the future either.
every extra thing such as ETF is just going to be an additional push to make that rise a little bit faster but they don't cause the rise in first place.

I think price will be still around 6000-6500$ if there is not ETF speculations, it is all over the media as next big thing for BTC and it must have big impact on price these days. We see how market reacted on Winklevoss ETF rejections, just because some people think that ETF chance is gone.

Since CBOE (VanEck SolidX Bitcoin Trust) ETF application is still under consideration and final date is in February 2019 there will be quite enough time we can easy seen new ATH this year.

In your opinion what is causing an increase in prices, just simply the law of supply and demand? People always need some reason to invest, and if there is no good reason to invest in BTC who will invest money in it? I would like to see ordinary people invest money in BTC and make benefits from that, it is good if we can live and make progress in slower adoption - but only big money can make difference in price in a short time, and in short time I am thinking for the period of 5-10 years.

[DaMut]

yeah LOL.
Bitcoin will get pumped so hard because of it and because of it too the price will be drowned into our face.
(people will complain about it when it goes down so fast,just like before)
but personally i do not think it will get approved by them,because they're still accumulating it at this moment and it's still far from the point that they can manipulate it completely.
at least it requires a few years time to accomplish such a thing.

[buwaytress]

Anyone notice how the pullback below $8k didn't even last a full 24 hours? That's how meagre the impact of bad news on ETF can be. I think people want the things to happen. I personally don't think it's worth the hype, but all the stakeholders involved know the psychology that is behind someone like the SEC actually approving this thing.

Not sure all the public pressure will help the case, though. And this August/September deadline? Be prepared to have it delayed til 2019.

Price-wise, no nett effect. Even if ETFs are rejected, they can always be reapplied for, fixing all the points that give grounds for SEC rejection (let's see how creative the applicants get with regulated market requirements!).

[LeGaulois]

If Bitcoin ETF gets rejected you can be ready to see a big slap on the crypto market and the mainstream media will be happy to spread the news using clickbait titles. People have more positive feelings than previously but to be honest there is not more reason to accept compared to before.

[gilad215]

The major problem is that the approval of ETF on 16th Aug is subject to speculation. Many experts are mentioning that it might get postponed if not disapproved. I think there would be a mix sentiment if the ETF gets postponed. There won't be a steep decline in prices, rather a small correction and BTC will start moving up again until the next date. In 2014 also we saw ETF speculations which was done primarily as a pump/dump scheme.

[danim1130]

There are so many people here that are so negative about the value of bitcoin., to the people out there who are seeing bitcoin will just go down. All of you will regret if the bull run will happen again and for the people who always positive for sure they will benefit it all.

[1Referee]

Otherwise I could say the same about you. As long as you haven't sold your coins, Bitcoin will not move up. And that is totally bull shit! You know this.

Learn how markets work.

The point is that people don't get what they want because they want it. Why? Because they have entered the market already, and thus will only sell in case the price goes up, where on top of that we're in a situation where there are loads and loads of bagholders holding $10,000-$18,000 coins. In other words, selling pressure on top of more selling pressure.

These people need to sell as many of their coins as possible in order to satisfy market movers to put their capital to work. If you think they will let you dump on them you are delusional. As long as the number of floating coins isn't decreasing, there will be no bull run. It could potentially mean that there won't be a bull run for another 2 years.

[maxim000]

There are so many people here that are so negative about the value of bitcoin., to the people out there who are seeing bitcoin will just go down. All of you will regret if the bull run will happen again and for the people who always positive for sure they will benefit it all.

What will make the price rally up if ETF doesn't get approved?

Most of the big transaction in the crypto market happens OTC. Do you see any new money coming in cryptos? Look at the marketcap, how much is it struggling to pass $300 billion. Market is saturated and highly manipulated which makes Bitcoin artificially pumped. Thus, a dump is more than expected. What you think this rally of Bitcoin to $8000 is organic? No, not at all. It is all happening because of expected ETF approval. If it gets disapproved, huge fall is incoming.

[bobo012]

Bitcoin Bull Run of Over 500% Might Occur if Bitcoin ETF Gets Approved, According To Research


The recent surge in price of Bitcoin that saw it reached a two month high has been attributed to the fact that many institutional investors believe that Bitcoin ETF could be approved before the end of this year and especially by next month.

An independent research,carried out by a Bitcoin enthusiast , Tom Alford who is an independent cryptocurrency trader and investor had shown that Bitcoin ETF has unique similarities to gold ETF. Since, Charlie Lee, the founder of Litecoin had likened Bitcoin to gold recently, his findings could be true.

Tom Alford said that after gold ETF came into existence in 2003, that by 2011 which is an 8 years gap, its price had increased to about 500% yearly after it was traded previously for 30 years.

Just this week, the Winklevoss twins application for Bitcoin ETF was rejected by SEC, in a vote of 3:1, citing reasons of protecting investors, manipulation and fraud for factors behind the unsuccessful application.

However, many believe that the proposal sent in to SEC by CBOE Global Market that will be decided by August 16, 2018 will be successful.

Read More: https://zycrypto.com/bitcoin-bull-run-of-over-500-might-occur-if-bitcoin-etf-gets-approved-according-to-research/

Etf approval would certainly help price to soar to new highs, but wtf or not i expect it to go to 40 or 50000 dollars in the next four years.
It is inevitable in my opinion, and even at that price it would be nothing in the grand scheme of things

[crairezx20]

I hope that they can approve bitcoin ETF this coming August and the bitcoin price after few weeks increase from $6k level because of bitcoin ETF so it means there are many investors believe in Bitcoin ETF that can push the value of every cryptocurrency and bitcoin.

However, bitcoin can turn into a bearish market and panic selling if bitcoin ETF will not approve by sec this coming August but if it's successful we will see a large bull run coming after the SEC decide to approve the proposal.

[qazgroup]

That would be good i think even if etf gets rejected we will see short term correction or panic selling but then btc will recover quickly and will continue the up trend, my personal view is that btc has already entered the bull phase and it will reach new highs in the last months of this year.