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Author Topic: Aug 23 ETF Deadline...  (Read 246 times)
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August 23, 2018, 06:10:59 AM
 #41

Don't we have many etf rejection before? Does that have any real impact on market? I think no not any recognizable and right now bitcoin is still under oversold position so going any large dip from current price range is quite unlikely even if there will be really bad news for crypto.

I think it's still a buy time and gonna buy more if price will dive below $6k again.

I'm thinking back to March 2017, so long ago  Cheesy      Yes in percentage terms that was a big blip on the graph but it was only short term news.   It doesnt really matter because most of the people who even know about the ETF dont imagine it will sail through easily and the other half never thought it had a chance in any case.

So long ago this didnt matter compared to an overall trend and now what seems years later we are still dragging out the same news, repeated and just as unlikely to pass, now I dont see it having as much effect as people imagine.

While we stare at this news headline the actual story of the underlying market is going by unnoticed.   I dont know what that story is, maybe some government change maybe some new kind of usage for the blockchain.   Not sure but the real news is not this ETF, its only what people are speaking about most which is another dynamic.

There is the conscious change and the unconscious market drift that occurs while we look past it, then one day the ground has moved beneath us

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August 23, 2018, 06:20:36 AM
 #42

^^ in the end it doesn't matter how many of these ETFs come and get rejected and go. it all depends on how people think about them and how hyped up they are about each of these. otherwise it can even be approved and nothing changes about the price if nobody cared about it. just like lots of positive news that we had in the past 8 months of drop and none of them could change the trend to rising.














 

 

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August 23, 2018, 08:34:31 AM
 #43

^^ in the end it doesn't matter how many of these ETFs come and get rejected and go.
And on the other side, there are people who are remains hopeful for the remaining Bitcoin ETF proposals. It doesn't mean that this is the end of the world for the crypto market and have some flash back last year with the past proposals.
it all depends on how people think about them and how hyped up they are about each of these.
The only reason why people wanted to approve those proposals is they think institution money will come in to the economy.

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August 23, 2018, 12:17:02 PM
 #44

this has happened at this time, the SEC rejected 9 bitcoin ETF applications. the market returns red and the price of bitcoin falls like a rock. it looks like things are getting worse.

What rock? What fall....
Am I watching the wrong price ticker?
We're again at before August 22 level, that pump happened for no reason at all.

^^ in the end it doesn't matter how many of these ETFs come and get rejected and go. it all depends on how people think about them and how hyped up they are about each of these. otherwise it can even be approved and nothing changes about the price if nobody cared about it. just like lots of positive news that we had in the past 8 months of drop and none of them could change the trend to rising.

Exactly, it can be approved but if people avoid "investing" nothing will change.
It's the same as McDonalds accepting BTC, if nobody buys a menu with coins the whole thing is useless.




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August 23, 2018, 12:46:34 PM
 #45

this has happened at this time, the SEC rejected 9 bitcoin ETF applications. the market returns red and the price of bitcoin falls like a rock. it looks like things are getting worse.

You just have to look at the first Winklevoss application last year, the price pump but when the news came out that it was rejected, the price plummet but look at where the price ended at 2017. Although you can argue that 2018 is really different, but I believed that it won't have a lasting effect on the price because investors will continue to purchase bitcoin with or without ETF approval.

^^ in the end it doesn't matter how many of these ETFs come and get rejected and go. it all depends on how people think about them and how hyped up they are about each of these. otherwise it can even be approved and nothing changes about the price if nobody cared about it. just like lots of positive news that we had in the past 8 months of drop and none of them could change the trend to rising.

Yes, exactly my point, it will just be another hype but once it died down nobody really care and we are all back in business as usual. Buy/sell/trade/cash-out. That's why I have mix emotions about this Bitcoin ETF suddenly taking the headlines again.

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August 25, 2018, 11:50:47 PM
 #46

this has happened at this time, the SEC rejected 9 bitcoin ETF applications. the market returns red and the price of bitcoin falls like a rock. it looks like things are getting worse.
This has been said on another topic. It looks like the ETF will not have the opportunity to continue. It seems the community is stirring about it. Investors should be cautious.

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