Current BTC price below 8K

[boakyei]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

[1714965567]

1714965567

[Todoroki]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

[el kaka22]

The proposal of ethereum etf is actually getting bigger news than the bitcoin etf.

First of all we know that bitcoin is the biggest coin and eventually the governments and the news media of the world will have to adjust to fact that no matter what they do or no matter how many times they say "bitcoin is dead" we will come back and invest more and use it more so we can just keep going with bitcoin ETF already and whether they accept it or not we will go back.

Nevertheless, ethereum having their own ETF movement means the real world outside the crypto space is getting so much ready for crypto that not only the biggest crypto is getting an ETF in the future is possible but also second biggest crypto currency might get one too.

[Tokoyami]

The proposal of ethereum etf is actually getting bigger news than the bitcoin etf.

First of all we know that bitcoin is the biggest coin and eventually the governments and the news media of the world will have to adjust to fact that no matter what they do or no matter how many times they say "bitcoin is dead" we will come back and invest more and use it more so we can just keep going with bitcoin ETF already and whether they accept it or not we will go back.

Nevertheless, ethereum having their own ETF movement means the real world outside the crypto space is getting so much ready for crypto that not only the biggest crypto is getting an ETF in the future is possible but also second biggest crypto currency might get one too.

For me that was the reason of this decreased in price right now. Although others are saying with or without ETF, were going to have positive move. Still we can't stop others thinking negative about ETF rejection.

[BrewMaster]

The proposal of ethereum etf is actually getting bigger news than the bitcoin etf.

its more of a joke actually
last year they did the same thing too. they saw that there is a hype for bitcoin ETF going on and there was a small rise prior to the date when SEC was supposed to decide on Winkle-ETF so the ethereum advertising team decided they also want in on that hype so started the talk about ETH ETF! even the name sounds funny.

one of the reasons they are rejecting bitcoin's ETF is because they say there is manipulation in it, what do you think they are going to say about a manipulated pump and dump coin with a pre-mine and an ICO?

[carlisle1]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Why do people keep talking about that Winkelvoss twins ETF rejection all the time?This is old news.
The price is going down,because lots of crypto traders realised that this price increase trend won`t be stable and won`t last long,so they started to sell btc,in order to get some short-term profits.

And this is not new, we've seen BTC went even lower than $7k in the month of June, this is completely normal, haven't you been used to this? The price seems to go down and up, we should actually be thankful that even if it is a slow flow, we should be completely happy that it moved and did not stay at that mark, we should expect more ups rather than downs, this is normal and I'm sure it'll move up once again.

And it drops lower than $6,000 this August meaning volatility is the only reason for this downtrend and not this ETF or other stupid issues.and besides this is only proves that market is active and healthy wew wont make money in stable price growth because we need cheaper prices to gain much better

[btc_angela]

The proposal of ethereum etf is actually getting bigger news than the bitcoin etf.

its more of a joke actually
last year they did the same thing too. they saw that there is a hype for bitcoin ETF going on and there was a small rise prior to the date when SEC was supposed to decide on Winkle-ETF so the ethereum advertising team decided they also want in on that hype so started the talk about ETH ETF! even the name sounds funny.

one of the reasons they are rejecting bitcoin's ETF is because they say there is manipulation in it, what do you think they are going to say about a manipulated pump and dump coin with a pre-mine and an ICO?

And it can possibility do more harm than good to ETH.

https://www.chepicap.com/en/news/3371/tom-lee-ether-futures-may-be-bad-for-ether-but-could-boost-bitcoin.html

This assertation comes from the idea that the launch of the ether futures contract will allow bears to bet against the cryptocurrency. Somewhat ironically the announcement of Bitcoin futures allowed for a huge increase in upwards price action back in January; however, once online Bitcoins price fell dramatically. Lee says that the same may happen to the Ether futures.

And can benefit Bitcoin, and you are right, SEC has been denying Bitcoin ETF because its prone to manipulation, what more on the alt coin market? So sounds like they are just wasting their time and money applying for a ETH ETF.

[coinplus]

I think that's because there is news from the ETF and because there are also other bad news that finally makes many traders panic so that the bitcoin prices tend to fall and often collapse.

A lot of people currently believe that the anticipated wait for the outcome of the ETF is what is still helping the market to hold on at this point. It is still a bit hard to understand how the market is going to be doing before or immediately after then, but for now, we can just hope for the best.

Asides some of the negative things going on, there are really nothing so positive to see the market grow substantially, most especially after last year bull run. It could be a good time to buy but still be vigilant at the same time, monitoring the movement of the market and reactions at certain points.

[KingdomHearts]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.

[Ironmaiden]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.

But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.

[wuvdoll]

this is our best opportunity to buy at a lower price in the market because after this fluctuations we'll be going to the fast increasing price. Pumping price will be coming in our way, so grab this chance now. Bull run we be taking over and panic buyers will begin rushing their hands to buy.

Always the best time to buy at lower prices. The price may still go lower and the truth of it all is that no one knows but what is glaring in the market right now is that the market is trying to take some giant and bold step towards the bull side, which to me is something no one should be missing if they ended up buying the dips. Let's see how long this bull moment is going to be like and if it would be shifted towards btc as well to be able to break above $8k.

Now is a good time to buy. We can see that market started recovery and up-trend. So buy crypto now is almost without any risk.

It is really a great opportunity and we can see the level at which each market are beginning to show some level of strength with the bulls stepping in. At least, what is very important at this state is to take advantage of the present moment and see how things would end up panning out in most cases as time goes on. For now, the bulls seems like they are excited and the market is bringing about some greens after a full month of red, so let's see what September will be having for us.

[sheenaedago]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.

But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.

    We really cant determine on when do declining desist. Somehow, it is a great oppurtunity to buy more bitcoin to have a great profit when the market will pumping up.

[cepot9]

why always raise about ETF? whether it's just FUD or not but bitcoin is down because it's not just an ETF problem but there are other factors

[Bokugo]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.

But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.

    We really cant determine on when do declining desist. Somehow, it is a great oppurtunity to buy more bitcoin to have a great profit when the market will pumping up.

The ETF rejection that has caused that because the sudden rise in the price of bitcoin from 7500 price to 8000 and over was the confidence traders had in the upcoming exchange traded funds and there is a new twist that it is rejected.

[bitbunnny]

Well, it looks like my prediction that the latest price rise will not last and that it's just temporary was correct. Unfortunately. ETF is only partialy to blame for that.
Still, the correction isn't that bad and I don't believe it will go much lower.
Also it's good opportunity to buy more coins so instead of being disappointed with price, again, use this to enlarge your portfolio.

[BitHodler]

why always raise about ETF? whether it's just FUD or not but bitcoin is down because it's not just an ETF problem but there are other factors

People are simple minded. If they see that an ETF has been rejected or postponed and the price goes down after that, it's the easiest event to blame.

If you also take into consideration that the mainstream media is significantly fueling ETF speculation, then it shouldn't come as a surprise that people add so much value to ETFs.

People need to stop fooling themselves thinking there is a realistic chance of seeing at least one of the proposed ETFs get approved. The SEC has been clear enough with their rejections in my opinion.

Just browse through social media right now, you'll see how surprised people are that the market tanked with like 5% today. How can anyone still be surprised by these price swings?

Great day for shorters, not so much for dreamers of that miraculous recovery.

[SolomonSollarsNSense]

Man, it seems that bitcoin price is stabilized around 6000 USD, but I believe it will jump back up during the fall season.

The funny thing is that we have heard so many people complain about the value of bitcoin throughout last year as it is overpriced and now that we had a correction, some are still complaining it is going down hugely. Well, I guess we will never stop hearing complaints about the market anyway.
The market is still very bullish in the long term even it is being traded below $7000 and I am sure there is a huge possibility of seeing it huge, but for now, this is the time to gulp this dips like never before as they may never come again.

I wish a lot of people can get to understand this fact and rather than focusing on the price that is low below 8k and reasons why they are scared of buying, they should be looking at the fact that it is far below the previous ATH at around 19800 and that surely looks more like a good time to be buying.
What is important here is to know that the market is here to stay and development will not halt, so it makes it a risk worth taking for the long run.

[wedatin]

A second ETF application was rejected further and the market reacted more to it than the first...

A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.

For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.

That is right. Even if the BTC ETF does not pass, the price of BTC will not drop a lot as the price is really low now.

[brukva]

Because now many panic and do not know what to do.

[sakrosak]

no one knows why bitcoin prices continue to decline, a few days ago the price of bitcoin has reached $ 7300. but now the price of bitcoin is back down.