I expect the market to be in green throughout this month.

[Idrisu]

When I read  this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today.  I think investors and traders are still waiting for more clearly news to come out before pump the market.

[BrewMaster]

i don't really think investors are waiting for ETF and SEC anymore. we have had the same story a lot of times, more than enough for us to give up on waiting on them before investing.
in fact i think the reason why we had the recent rise had nothing to do with this ETF news but it was about how the US states passed a bill to recognize bitcoin as a currency and if i am not mistaken they also removed taxes on it.

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

[mostcrack]

surely everyone wants the same thing, seeing the market return green. this has happened several times when the price has started to rise, but then the price has dropped again. maybe one reason is not only because of ETFs, but there are some things that make investors wait for the right time. because yesterday I saw the price of bitcoin has given a sign, but it turns out today has declined again. this proves that investors are still rethinking to start pumping the market.

[HODL2090]

The you're suggesting we would have a bull run this month, the chart is relative to the previous price (a day, a week etc). The price has to be constantly heading upwards to keep it green throughout the month.
ETF had a lots of hype last year when most were hopeful if a positive outcome, but series of rejections has reduced expectations.

[tippytoes]

i don't really think investors are waiting for ETF and SEC anymore. we have had the same story a lot of times, more than enough for us to give up on waiting on them before investing.
in fact i think the reason why we had the recent rise had nothing to do with this ETF news but it was about how the US states passed a bill to recognize bitcoin as a currency and if i am not mistaken they also removed taxes on it.

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

I like this news, if this is true. If US will recognize bitcoin as one of the currencies to deal with and no taxes on top of that, that would really be great for crypto lovers. There would be more demand as people will find out the benefits of using crypto. Other countries might follow through in this development.

[1Referee]

Even if we see green this month, we'll need a whole lot more of that green to wipe out the prior paper losses people have suffered after $6000 broke in the most brutal way.

I don't see any reason to be optimistic until we make higher highs and not continue with lower highs and eventually break out to the downside. I get it that people want this bear market to end, but it doesn't end because you want it to end, so don't expect anything until we see higher highs. The trend favors the bears and that needs to change.

[BitHodler]

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

It depends on how you look at the market. If the bottom is already in, we bottomed out faster than the previous bear market, because the lowest point of the current bear market was set last year.

Time will tell who's right and who isn't, but there are just as many reasons to be bearish as bullish where we are right now. People act like we have to visit low $1k levels before we can bottom out, but it's just speculation.

The same applies to people thinking we have to see capitulation kick in before we can think about going back up again. There is no shortage of TA cowboys talking big with barely anything at stake....

[exstasie]

Time will tell who's right and who isn't, but there are just as many reasons to be bearish as bullish where we are right now. People act like we have to visit low $1k levels before we can bottom out, but it's just speculation.

The same applies to people thinking we have to see capitulation kick in before we can think about going back up again. There is no shortage of TA cowboys talking big with barely anything at stake....

I don't think we need to see a classic capitulation, but it would make it 1000x easier to call the bottom based on my experience with Bitcoin. July 2013 and January 2015 are two examples that exhibit it well.

I think anyone calling bottom at this point is on very shaky footing. Hardly any time has passed since the December lows and there's been no significant recovery yet.

[STT]

You might have spoilt the gloom with a positive sentiment thread here.


Look at the trend on the graphs right now shows you could be right in your call.   We have made a break above the 8 day moving average and now have to combat the 50 day MA which is still relatively short term.     If we did that, without doubt it would put us into a positive Bitcoin phase where we might see green for most of FEB

Also if you think or look back a bit, we have failed to move downwards for some months now.   That would suggest exhaustion to selling, a rise more probable

[eaLiTy]

i don't really think investors are waiting for ETF and SEC anymore. we have had the same story a lot of times, more than enough for us to give up on waiting on them before investing.

May be institutional investors prefer those rulings to invest heavily in bitcoin, till now i am not sure when and what exactly triggers a huge rally rather than seeing the market goes high and huge investments coming in, just a mere spectator when the rally begins and for the market to rise again we need a lot of institutional investment to see the old all time high valuation.

I like this news, if this is true. If US will recognize bitcoin as one of the currencies to deal with and no taxes on top of that, that would really be great for crypto lovers. There would be more demand as people will find out the benefits of using crypto. Other countries might follow through in this development.

That is a great dream to have to have a tax free bitcoin market.   The fact is that no one nor any government need to reassure that bitcoin is a currency, it depends on the investor or the user about how you see bitcoin, as a investment platform hoping for big returns in the future or to use just a currency for trade and commerce, the later takes a lot of time to get implemented as everyone is looking for profits rather than seeing it as a currency.

[romero121]

When I read  this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today.  I think investors and traders are still waiting for more clearly news to come out before pump the market.

As the cryptocurrency network is speculative, it has reacted to the recent statement. And how long does the market continue to be green is unpredictable. As in the statement once after the market recovery sudden red indication took place throughout the market. As more and more positive news has been coming out can expect green trend to continue with minor fluctuations which is my personal opinion.

[davis196]

When I read  this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today.  I think investors and traders are still waiting for more clearly news to come out before pump the market.

You think that the market will be green based on what?Based on some news that might be fake?
Based on your gut feeling and intuition?I know that the "sleeping" or bearish btc market will continue to "sleep" for atleast 2 years.It's pointless to expect any big price pump soon.

[pooya87]

i don't think we have yet entered the bull market or simply the "rising mode" since people are still pretty scared. news like what you posted isn't going to change it either. maybe if an ETF was truly approved then the story could have been different but the promise of possibly approving it is completely meaningless at this point and the future.

although i can still see the trend changing because of the fact that bitcoin is still growing, people may be scared and they may even think this is not the bottom but that doesn't change the fact that the growth is still happening and the price can't be kept down in a reverse bubble for long.

[LFC_Bitcoin]

Expect to be in this sideways range with low volatility for months. We will possibly only breach 6k towards the end of 2019. This isn’t a problem though, use it to your advantage. Use this period for accumulation, buy what you can afford to. The next bull run & cycle will see the price go parabolic. Don’t miss out on this opportunity.

[Jating]

When I read  this news three days ago: https://www.rollcall.com/news/congress/the-future-holds-cryptocurrency-based-funds-says-secs-jackson. But since then market reacted a little and everything is now in red today.  I think investors and traders are still waiting for more clearly news to come out before pump the market.

We have been waiting for the news for so long that majority of us grow tired already from Bitcoin ETF approval. So it looks like  we are back to normal again and there is no more pump as the price seems to settle at the $3600 again.

Not to burst your bubble, but don't put too much expectations this coming months as I don't see anything that will push the price again. It's going to be the usual sideway patterns and hope that the price won't go back to where it is before the pump, $3400.

[DeathAngel]

A green month throughout would be fantastic, it feels a long time since we’ve seen this. Let’s wait & see though, the market is still slightly bearish.

[sarmrakib]

i don't really think investors are waiting for ETF and SEC anymore. we have had the same story a lot of times, more than enough for us to give up on waiting on them before investing.
in fact i think the reason why we had the recent rise had nothing to do with this ETF news but it was about how the US states passed a bill to recognize bitcoin as a currency and if i am not mistaken they also removed taxes on it.

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

I like this news, if this is true. If US will recognize bitcoin as one of the currencies to deal with and no taxes on top of that, that would really be great for crypto lovers. There would be more demand as people will find out the benefits of using crypto. Other countries might follow through in this development.

The news is too good but i am not sure that is it true enough.However if happen something like that hopefully it will affect on the market and we can see a positive move .But i think the recent positive momentum is ordinary .Hope investor will much watchful on that.

[Juggy777]

i don't really think investors are waiting for ETF and SEC anymore. we have had the same story a lot of times, more than enough for us to give up on waiting on them before investing.
in fact i think the reason why we had the recent rise had nothing to do with this ETF news but it was about how the US states passed a bill to recognize bitcoin as a currency and if i am not mistaken they also removed taxes on it.

and don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

Hey you’re absolutely right initially many including me, were keeping tabs on Bitcoins Etf to be the trigger for the next rally however now I’m not waiting any longer for it. I feel high levels of adoption and many states accepting crypto’s as tax payments fuelled the rally. I feel Bitcoins prices are going to rise upwards soon, it’s just a matter of time now.

[voztata]

don't forget that bitcoin has never stayed low this long, this is a record in both length and size of the drop.

What will be the point of staying low for longer period ? Will bounce back more harder or something else ?
I guess there could not be any significant importance of how long a bear market is persisting. A bear market will continue until new investors will be joining right ?

I guess that we never need to worry on this as speculation about upcoming halving will be more than enough catalyst to attract investors to pump the bitcoin markets.

[LeGaulois]

Are people really still waiting for approval from the SEC? Who gives a shit to it anymore? In case it's approved it's too late. We may see the price increase for a week then what? It will be as if nothing happened.
A full month of positive increase won't bring back the positive feeling people has a while back. Even if in 3 months the price goes to $10k people will be a lot hesitant and septic