With or without approval of btc/ETFs ,we are positive of bull run.

Not really, ETF FUD was what made this small bull run possible in the first place, obviously right now bulls are strong, even after this small downtrend, in my opinion needed for the bulls to be able to push the price even higher but most of this was only thanks to ETF's

Quote from: bombie1 on July 29, 2018, 08:39:51 PM

The price of bitcoin is showing great resilience even after the recent decline of ETFs by the SEC decision. We must not be moved at all by these few odds.The market will surely pick up greatly again.Staying postitve is the key.In history,there have never been any commodity that it's price never declined. So it is also normal for price of btc to fall and rise.This is a normal market situation and every seasoned trader understands this principle.

People got too excited, they were too reluctant to face the fact that its the SEC that has to finalize the decision and everyone was hoping for the ETF to get approved. Honestly, I am very much happy that it did not get approved. An ETF is so not the way to look at bitcoin. Sure bitcoin will be more recognized, but if people can't see the real use and reason behind bitcoin's existence, they shouldn't be into it. I expected a bull run to start from September, but now that people are upset that ETF got rejected, the bull run is a little more far away, but its coming.

I bet Direxion will win the first approval. They're not just some standard investment trust that funnels money into the coin and pockets a healthy commission for themselves. The Direxion ones are good for short term momentum bets. 2X bull/bear will get you double the returns on a movement in either direction. That's the kind of thing that retail investors are looking for without having to worry about wallets, keys, blockchain, and all those worrying things that come with bitcoin. And then Buffet can short it all he wants without having to open up a wallet.

Quote from: bombie1 on July 29, 2018, 08:39:51 PM

I don't think so, because as i've realized from this outcomes they might be planned it already that they will make this long bear and to reverse the trend in upcoming ETF which is a major factor that is known for bitcoin's momentum and creates a positive impact once it approach and much more if it approved and a negative side effect when it was been rejected. With ETF the market has shown its interest on it that pumps up the price along with following good speculations.

we had something very similar to this last year too. there was a period of time where ETF was getting hyped up a lot (it was Winkle bros ETF!) and we even had a rise and everyone was basically making the same prediction that with ETF= moon and without ETF= dump back to $900.

and you know what happened! SEC rejected their ETF and we saw a small drop then a couple of days later as the drama vanished we started seeing the rise begin again!

I think it has been doing just fine, it did not drop much. If CBOE ETFs are approved, then it is the moon baby!

Quote from: BrewMaster on August 02, 2018, 03:45:26 PM

gotta remember though, the market was in a very, very different place at that time. look at what happened to altcoins when the ETF was rejected: they had a bubble. they rose astronomically against BTC for the next few months. then in august, BTC had its bubble. that shows that the market was in a state of hype and very strong demand throughout 2017, regardless of the ETF rejection.

but now? the bubbles ended and we're seeing the fallout. altcoins are fucking bearish. there's no way to assume any rise from here is anything more than a bounce in a bear market.

what i'm saying is this: bad news in a bull market means nothing. bad news in a bear market can be a great excuse for a sustained selloff, though.

I still think good news regarding CBOE will come out, and it will continue the bull market.

There is still the possibility of a bull market, but it will certainly take time. As a speculator, you must have confidence in the market.