Bitcoin tries to do the impossible

[Bit_Discourse]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

[milewilda]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

Its all temporary but who knows if the price would shoot up to the ceiling.The best thing you can do now is to make short.If you did able to buy when btc's price is still on 3.3k then you are making profits as of this moment.
Im not already longing or focusing for long term swings but rather on shorter ones since i do see it profitable.

[harizen]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

No one knows the exact thing what fueled the small fire. Maybe that ETF can be consider but for me, no special thing behind the sudden bit rise.

We will just know what will be the changes if we allow to just let the progress push forward.

We can't just speculate what will happen next just because of a few hours price increase.

[sunsilk]

It might be due to the rumors but its not yet confirmed that ETF soon to be approved. But if it does, the source will come out as soon as possible. I wont be too negative about this that its just temporary increase though possibilities are high and it can also be a trap.

Lets give enough time for bitcoin to show on whats really the current state. It would be the best thing if we really touched the bottom which I've been believing that we actually did.

[yesyes18]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

Point of correction, the market didn't grow as a result of a probable ETF approval. In fact, the market is tires of all those rampant bear and bull related news. Over the past few weeks, the market has been silent on news and I think it's still is. What happened in the oast 24 hours could've been a natural market phenomena but personally, In don't thing the SEC iasue is involved deeply.

[peter0425]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

Point of correction, the market didn't grow as a result of a probable ETF approval. In fact, the market is tires of all those rampant bear and bull related news. Over the past few weeks, the market has been silent on news and I think it's still is. What happened in the oast 24 hours could've been a natural market phenomena but personally, In don't thing the SEC iasue is involved deeply.

What market phenomena are you saying here? Market reacts for every news, and currently there are reports that a Bitcoin ETF could be approved so that might be the reason that trigger this bounce back. The market wouldn't pick up if there's no news, but I will still be cautious that this could be a trap, so let's see how it pans out in the next several days.

[ralle14]

What market phenomena are you saying here? Market reacts for every news, and currently there are reports that a Bitcoin ETF could be approved so that might be the reason that trigger this bounce back. The market wouldn't pick up if there's no news, but I will still be cautious that this could be a trap, so let's see how it pans out in the next several days.

The market could've reacted to the ETF rumor but there's no way of telling that it's the main reason that caused this 7% increase on another thread someone mentioned it's about the hashrate.

What he's saying is this could be a normal day in crypto because we've seen the price move back and forth in the last few months. He's not wrong though the traders are capable of moving the price upward even without the ETF news.

[sidkz]

yes it is already good that there is some kind of reaction to events
I always said that growth takes time and this growth will not be fast
the main thing that the price does not stand still
we will wait for the flight to the stars

[hugeblack]

Today, the cryptocurrency has grown very well due to rumors of ETF approval, but what has changed during this time? - right! anything increase is most likely temporary. Your opinion?

The rise was in the market as a whole and there is no deviation except in a one cryptos "LTC" which means that it is caused by good news for society as a whole.
Is the ETF approval the reason? Yes, it may be true, but the hopes are not really positive.
We will see a period of stability and perhaps the price will rise due to internal influences "New forks" or government decisions until we reach the middle of next year.

[Pegasus24]

You are right nothing has changed, after more then ten years we may still be the early adaptors. Mass adoption will come one day, until then accumulate and hodl.

[carter34]

The fact that we had that movement shows that ETF is really a good mover of cryptocurrency. Is the right time to accumulate because mass adoption might just be around the way approaching.

[fibrolit]

Until there is a clearer regulation of ICO and cryptocurrency by government authorities,as long as there are a lot of scams in the market,the rate will not grow strongly.I am waiting for the summer, they promised to develop common rules of regulation.

[bitbunnny]

This is exactly what I'm saying all the time. People are expecting too much from ETF approval thinking it will do some kind of miracle for Bitcoin price. But I can't agree with that, ETF approval will influence the price, if ever, only on short term temporary basis. This might cause some instant effect more or less similar like we saw the other day. So, nothing essential will change with ETF approval, this is my opinion.

[Barbut]

Bitcoin already did the impossible. Newbies are trying and wishing something impossible to happen just cause some etf or just cause they got into bitcoin this days. Is there a bigger picture? There is, first bitcoins were free, not price is $3,500! In less then 10 years bitcoin did the impossible, and this is not the end, this is a new beginning.

[sunsilk]

The fact that we had that movement shows that ETF is really a good mover of cryptocurrency.

Yeah the rumor gave decent and effective to the market. But there's also side effect when it takes place. Looking at the positive perspective, we're moving ahead to $4,000 barrier very soon.

Is the right time to accumulate because mass adoption might just be around the way approaching.

We're near to mass adoption and right now we really are going there. While we can have time to invest through these prices, don't doubt to invest because we might never see these prices in the future when large percentage of the world already adopted bitcoin.

[St4yInTh3D4rk]

Bitcoin already did the impossible. Newbies are trying and wishing something impossible to happen just cause some etf or just cause they got into bitcoin this days. Is there a bigger picture? There is, first bitcoins were free, not price is $3,500! In less then 10 years bitcoin did the impossible, and this is not the end, this is a new beginning.

Yes,it did something impossible for the other kind of investment in this world,why need to care about ETF approval and it won't make the bitcoin better.

The prices were not good for now but in another 10 years we may see the prices in unimaginable level,so keep your investment right and long.

[South Park]

This is exactly what I'm saying all the time. People are expecting too much from ETF approval thinking it will do some kind of miracle for Bitcoin price. But I can't agree with that, ETF approval will influence the price, if ever, only on short term temporary basis. This might cause some instant effect more or less similar like we saw the other day. So, nothing essential will change with ETF approval, this is my opinion.

Investors are desperate, they will try to cling to any hope they have and the only way they see the market recovering is if the ETF is approved, honestly I do not care if it happens, if it does I will look at the market and see its repercussions but if it does not then it will be easy for me to accept since I do not expect an approval of an ETF anytime soon, the only reason to be happy with the rumours is if you are a short term trader that can get advantage of the fast fluctuations in the market, something I cannot do.

[imstillthebest]

Until there is a clearer regulation of ICO and cryptocurrency by government authorities,as long as there are a lot of scams in the market,the rate will not grow strongly.I am waiting for the summer, they promised to develop common rules of regulation.

then what do you think is the reason on why cryptos have pumped last 2 years ago ?  its not about the regulation , its not about the scamming or anything but its about the demand  . there's no accurate time , theres no schedule for people to buy cryptos  . they will just invest whenever they like  .

why need to care about ETF approval ,it won't make the bitcoin better.

rumors about etf do already makes the price to move . how much more if etf is already confirmed that they accept bitcoin ?  existing investors and newly investors will panic buying  if that happens  . that event can the bitcoin better

[shitcoinoffering]

I don't know what will happen at this market but I can exactly say that it is changing...
This market what we have now cannot be compared with a previous market conditions

[UserU]

then what do you think is the reason on why cryptos have pumped last 2 years ago ?  its not about the regulation , its not about the scamming or anything but its about the demand  . there's no accurate time , theres no schedule for people to buy cryptos  . they will just invest whenever they like  .

How I missed the good times when almost every shitcoin pumped and people profited off them.

Now I doubt BTC will even reach 10K when news can simply send everyone into panic mode.