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Author Topic: ETF and Bakkt will have effect, but BTC halving is the main deal.  (Read 314 times)
qazgroup
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January 08, 2019, 06:51:19 PM
 #21

ETF approval can also be very very bullish event but i doubt that it will be approved soon but once approved btc is expected to fly really high, just checkout what happened to gold when its etf was approved and i think in case of btc the market will turn completely bullish in case of etf approval as btc market is way more volatile than commodities.

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January 08, 2019, 07:16:52 PM
 #22

Almost every year we hear news about ETF or something like that, this year is BAKKT. I think it only plays a news role for the growth of the market, we should not expect it much.

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January 08, 2019, 07:28:28 PM
 #23

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.
I really agree with you and halving is the next big thing.  I believe that ETF or bakkt can only push bitcoin above $10,000 but to moon it has to be something that relate to the network and technology itself.  I have seeing bitcoin making another big move in 2020 and I think before then bakkt and ETF must be dealt with. 
I will advise the wise investor to start putting in money now as that is the best way we can makes a good trading decision.  Bitcoin and others coins are extremely cheap now and I think this is the best time to take this advantage and be among the cryptocurrencies millionaires in future.
terible.hunter
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January 11, 2019, 03:02:01 PM
 #24

Time will tell, but today all these considerations are constantly postponed, because everyone is waiting for a crisis that will come very soon. As soon as people realize that the crisis has already arrived, they will definitely start accepting ETF

winstonchurchillwar
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January 11, 2019, 03:28:12 PM
 #25

If I am not mistaken, the decision will be made in February. The market needs time and I think we will see a historic high by the end of the year. In 2020, there will be a very strong growth, I think since there will be a half of the reward for the block and bitcoins and they will become less.
none of us
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January 11, 2019, 05:10:49 PM
 #26

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.
i did not even think about the next halving of bitcoin... but it is true, 2020 is the time. i can well imagine that the halving will push the prices up again. i would not rely on eft and bakkt as a price push up.
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January 11, 2019, 05:22:49 PM
 #27

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.
That's because people blindly look to the news. Even if Bakkt and ETF going live, their potential positive influence to the Bitcoin and alts prices will be in few months or even one year further.
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January 11, 2019, 05:32:20 PM
 #28

I think that making predictions based off of past events has become unreliable.
People predicted a bull run after consensus last march.
Historically that has always been a rallying point after the winter slump yet it didn't happen.

Then people were predicting an end of the year bull run because it has typically happened in the past.
Yet that didn't happen either.

Now I hear people saying 2019 will be bearish because last crash, the market stayed low for 2 years.

I think the fact is, the market is still too young to see any clear patterns.
Add to it that it is still a huge speculative market, there are so many unpredictable elements.

However, by 2020, the market should start showing signs of recover, btc halving or not.

yes I also think the same thing, because the crash (you could say for 1 year) will be very difficult to recover in 1 year too, we need more time and of course new investors. To be honest, now innovations and ideas from blockchain or crypto can no longer lift the current market. even 2020 can be considered still hoping too early, but most likely here is recovering from crypto
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January 12, 2019, 09:21:26 PM
 #29

Yes I agree with you. And it have negative effect too. When SEC delays the starting date, the cryptomarket is falling. I would be better if they will be acccepted without any press in closed sessions.
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January 12, 2019, 10:35:34 PM
 #30

In mid 2020 there would be two and half year of bearish market so it would be time for a bull run anyway if we look at
the history. I hope bulls arrive earlier and think that Bakkt will have positive impact on the market. If institutional investors
enter it the market can easily x10 in short period of time.

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January 12, 2019, 10:47:38 PM
 #31

I have seen several posts about how ETF and Bakkt could make the crypto market bullish again. As much as I really want the ETF and Bakkt, I really don't believe they will moon cryptocurrency. They will definitely cause the market to be bullish but they won't make cryptos to moon to a new all time high.
What I believe will moon cryptocurrency is the next coming Bitcoin halving.
Looking at the past history and chart of the crypto market, there have only been two halving in history (2012 and 2016) and both resulted in a powerful bullish trend which took coins to a new all time high. The next Bitcoin halving is scheduled for mid 2020, and it will have a powerful bullish trend on the crypto market.

Strong argument, I have nothing against it. As well as in 2016 the real bullish trend has been started since the halving and there is no doubt - history will repeat itself.

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