September 30th ETF decision + when to buy

[uniquark]

I think in the short term I can not put forward a request that the SEC requires, although there are a lot of organizations applying for the Bitcoin ETF fund, but most of them do not fit the industry pattern that the SEC accepts. And another thing I see is not going to be very volatile if the SEC accepts the ETF

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[Petr81]

better wait for a solution, maybe if there is a negative then we will fall to the bottom

[losiva]

I have 2 Bitcoin and know we have great prices right now (even though we are over 7k) and I would like to buy into my favorite Alt coin however I'm nervous there will be some sort of drama  surrounding the September 30th decision regarding the ETF.

How would you guys buy in?  All in now?  Half now half later?  I'm stuck and not sure how to proceed. 

In my own opinion, I think you should convert and hold the money in a stable coins like USDT and wait for this whole market dream to end before you can make a major investment again.

[canaveralnonie]

I recommend to convert your bitcoin to ethereum, because the eth is too low at this time ( which is good to invest and have a high potential profit rate than others, add the firm foundation history of eth and its different uses around the crypto market ). But if  you are not sure and undecided yet, just keep your 2 bitcoin. Facing the risk doesn't mean you always lose at the end, sometimes you need to... to be more better in the future.

[ethmylovee]

Coinbase is trying to create a crypto ETF. This is probably the hottest news for bitcoin at this time. But I wonder why bitcoin goes down from $ 7400 to $ 6400 too fast. Is this the last drop to start uptrend? Once the ETF is complete

[jefcasidy]

I have 2 Bitcoin and know we have great prices right now (even though we are over 7k) and I would like to buy into my favorite Alt coin however I'm nervous there will be some sort of drama  surrounding the September 30th decision regarding the ETF.

How would you guys buy in?  All in now?  Half now half later?  I'm stuck and not sure how to proceed. 

I would advise you hold on to your bitcoin until after ETF decision, most of the traders have moved their altcoins into btc and stable coins, some have even cash out to fiat waiting for the decision, so it's a good idea for you to wait too.

[oneidentity]

Coinbase is trying to create a crypto ETF. This is probably the hottest news for bitcoin at this time. But I wonder why bitcoin goes down from $ 7400 to $ 6400 too fast. Is this the last drop to start uptrend? Once the ETF is complete

This news is certainly good and I'm also interested in why the market did not react to it. It's strange that the market reacts to negative rumors immediately, and does not react to positive news at all.

[kimjenglot]

ETF decision can make a lot of surprizes. But we dont know which effect will have this decision - price will increase or falls again. Also we dont know what will be before this decision. Practice shows that all main moves happiens before.

actually, the big effect on this ETF is only the movement of bitcoin. when ETF reject bitcoin will go down and alltcoin will also go down. but when ETF are accept then bitcoin will rise, but not necessarily altcoin also rises

[ekechie]

I think it will be a good idea if you can divide the your capital into two and invest half into crypto currency now because the prices are good at the moment, then you wait for etf decision, then you can decide where to put the remaining.

[batang_bitcoin]

actually, the big effect on this ETF is only the movement of bitcoin. when ETF reject bitcoin will go down and alltcoin will also go down. but when ETF are accept then bitcoin will rise, but not necessarily altcoin also rises

You don't have to expect that ETH effect that you are saying for bitcoin. With or without that, bitcoin will stay as it is. There will be a decrease factor if the ETH gets rejected but that's not the end of the world. If ever it will not be approved, you will see on how great bitcoin is by can stand alone even without those proposals that has been believed by most to create a bullish effect.

[f12345]

Most likely it will be rejected again but more ds coming up for sure.
Keep some dry powder for that

[Ssid]

I think if we even get rejected, the price will not go even lower. This is already a bottom.
We can only see the price going up from now. I doubt that we would see it go any lower.

[SuiMikira]

I think early September is good point to buy. Do you have in your mind what altcoins to buy?  Before the ETF decision at September 30th, the market will have strong fluctuations, you should keep your eyes at EOS, Ethereum and Bitcoin, fluctuation market is big chance to gain money.

[EscapePlanETH]

At such minutes it is smarter to separate your portfolio and likely stay keep 1/3 in bitcoin and a few alts while the rest be in fiat, once after the period have passed, if the ETF choice ends up positive you will have something, at any rate, to pick up from what you have purchased.

[btcscal]

I would make a point to avoid putting resources into any altcoin until the point when the ETF choice turns out to be clear. obviously, you can simply exchange the pumping coins that are getting pumped each day notwithstanding for as far back as 9 months of altcoin dumps however you need to discover them all alone and regularly.

[fortunecrypto]

I have 2 Bitcoin and know we have great prices right now (even though we are over 7k) and I would like to buy into my favorite Alt coin however I'm nervous there will be some sort of drama  surrounding the September 30th decision regarding the ETF.

How would you guys buy in?  All in now?  Half now half later?  I'm stuck and not sure how to proceed. 

The September 30 decision has a huge impact on how the investors and traders decide on their decision to sell or buy Bitcoin now and it seems panic selling is the one prevailing, so we'll see after the date who will win, I believe believers are the one who will eventually win even if the application is declined.

[Tallay]

I think a smart thought is to offer all coins on 29 of September first while sitting tight for the choice of Bitcoin ETF, and afterward in case Bitcoin ETF will be endorsed we can purchase back all coins.  Be that as it may, if denied we can maintain a strategic distance from a misfortune in light of the fact that enormous likelihood the cost will go down.

[Torps1]

Do not panic too much about the upcoming ETF. If everyone hodl their coin or stick to their normal crypto activities without panic irrespective of the ETF outcome (negative or positive), everything will be fine.
If there is any further drop in price, I would not attribute it to the planned ETF, rather it will be attributed to crypto enthusiasts selling their tokens out of panic.

[Broure]

Actually it depends on you. If you do not want to take risks then sell all before 30 but if you are moderately risky then sell half and if you want to take high risk then keep it. Nothing can be guaranteed here and so take decision based on your choice of risk level.

[CoinMarKetHW]

The unique thing about this market is in the end how we turn things around in our favour. If we are unsure then we should sell it. But if we do have the faith in our strategy and we do believe that we can beat the odds and make us come in our favour, then don't sell it. In the end, it is us who decides our fate.