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

[deisik]

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.

this is a time when people should take a deep breath and forget ETF and BAKKT for some time, this will help people not create high expectations on ETFs because if the SEC reject these ETFs, people will be disappointed. One of the reasons why people no longer get anxious about this type of news is because they know that regulators are not going to approve things like ETF, on the contrary they are gaining more time to see how the crypto market will be, if somehow the crypto market will satisfy the requirements that they establish

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

[MetalGear]

I still keep on expecting for the green market especially in the year 2018 where I totally keep on expecting that market will recover and we can gain again. It's hard to see that if the market will become green in this month because every seconds, minutes and hours the color of market changed and it is totally normal.

[bitbunnny]

I'm still not very optimistic about the market going green. Recently we've seen some slight price rise but that still doesn't mean anything and it isn't sign of price recovery. Many are disappointed by now because they were expecting that 2019 will be the year of new rise up for Bitcoin but so far that hasn't happened. You can't push the market in the willing direction and to my opinion the price will stay in the current range for a while.

[wuvdoll]

Because, good news usually affect the market more than the bad news. When SEC was in government shutdown and the EFT got withdrawn because of it, we didn't see a large drop in price, hell we didn't even see any increase in the price at all.

Nevertheless, if ETF was accepted and approved you can be damn sure that the price would have gotten higher. That is why people wait for a good news, usually they are almost always late because someone learns about it and shares it on twitter and then it moves from there to everywhere but until it reaches the regular user all the hardcore followers already bought at the bottom. Or people who already invested takes advantage of it.

Hence, good news is usually a great thing to be prepared for since it really moves the price higher but it is almost always too late if you read the good news and not reacted already.

[deisik]

Hence, good news is usually a great thing to be prepared for since it really moves the price higher but it is almost always too late if you read the good news and not reacted already

It is even worse than that

The "news" is typically already priced in before it even appears. This process is known as taking advantage of the insider information. Needless to say that this practice is almost universally considered illegal, but when money talks no one cares which grammar it uses

So if it ever comes to ETF approval, you can be damn sure people close to SEC commissioners will be buying frantically before the news hits the tabloids. If you are not one of them, though, you will always be a little too late to the party enjoying yourself with leftovers only

[buwaytress]

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

Not as vicious as the cycle of price we've now seen Bitcoin go through at least 4 or 5 times now. Yes, all the early days prior to Mt Gox should be discarded. Yes, even volumes and numbers of different individual traders should be counted. Yes, these months of stable periods should be looked at. But all this has been witnessed before, at different scales.

So widen the timeframes and we realise these up/down spikes are mere blips in the bigger cycle. I think SEC is a regular blip in that big cycle too.

[deisik]

It is a vicious circle of sorts

As soon as Bitcoin prices stabilize in a tight range for some time (which could increase the possibility of ETF approval), someone with deep pockets comes and moves the prices like 20-30% a day (either up or down), and then we are instantly back in the loop

On the other hand, the SEC itself as a board of highly experienced and likely as corrupt people may not be interested in doing anything apart from doing everything to keep things where they are. In other words, the SEC accuses Bitcoin markets for being highly manipulative but they themselves may be abusing it

Not as vicious as the cycle of price we've now seen Bitcoin go through at least 4 or 5 times now. Yes, all the early days prior to Mt Gox should be discarded. Yes, even volumes and numbers of different individual traders should be counted. Yes, these months of stable periods should be looked at. But all this has been witnessed before, at different scales

And what's vicious in these cycles?

As they are not particularly different from commodities. For example, crude oil went from 140 dollars per barrel down to 25 dollars over a few years, but the SEC doesn't seem to be bothered with ETF's tracking the price of crude oil. In other words, we may need more stable growth (and decline, for that matter) if we want to please the commissioners provided they want to be pleased in the first place. But I think they are more than happy with how things are presently (i.e. neither here nor there)

[magneto]

I don't expect markets to be going into recovery mode yet. As I've said before, I fully expect sideways movement to be the dominant price action in the first half of the year.

To be honest, I think that we're still a long way off from the real recovery coming. The article that you cited may have some substance to it but these small articles aren't going to hype anything up, or trigger the market to go into FOMO like it did in 2017. We are simply still not in that stage at the moment.

Having said that though, I do think that we are in the zone for accumulation, and right now averaging out your buy orders will be the way to go.

[fourpiece]

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

[gabmen]

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter.

[susuberuang]

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter.

I don't think that is the only effect on the price increase at the exchange this month, you have to know that there are rumors of bitcoin halving day that will occur in 2020 so it is possible that many investors have started to buy bitcoin again to prepare to withdraw profits when the bitcoin day halving occurs.

[STT]

Its not a rumour, its set in the protocol as a certainity afaik.   Its pretty widely followed or known about, I'm not sure if thats the reason why it could be an influence now but possibly.     I would have guessed if the next block reward halves in May 2020 then that effect of anticipation before the news does not occur until Jan 2020 but hard to say.    We have a different arrangement of people in the Bitcoin userbase from last time block reward halved so it wont repeat exactly

If I google halvening I get as an answer: ETA 461D,17h,59m,30s
So its a while yet but visible on the horizon

[marcbitcoins]

The market gain a little steady for this month of February but still this is not the green that what we are looling for. We are all hoping for a healthy fast run for the market movement towards prosperity but still it is too early to conclude as we need to see first of some of the development results if it will favor the market or not after the implementation.

[BrewMaster]

Its not a rumour, its set in the protocol as a certainity afaik.   Its pretty widely followed or known about, I'm not sure if thats the reason why it could be an influence now but possibly.     I would have guessed if the next block reward halves in May 2020 then that effect of anticipation before the news does not occur until Jan 2020 but hard to say.    We have a different arrangement of people in the Bitcoin userbase from last time block reward halved so it wont repeat exactly

If I google halvening I get as an answer: ETA 461D,17h,59m,30s
So its a while yet but visible on the horizon

it will happen exactly the same as the past two times because of a couple of reasons. most importantly the fact that the current very long bear market is going to make bitcoin ready for that kind of launch to the moon but also the fact that people are becoming accustomed to following certain patterns even if they are not real patters! as long as they believe in them, they will happen. like the long bear market which should not have happened but it did because people kept pushing for repetition of 2014.

[Clark05]

This month of february when the investor are really waiting only the sign or good news so they will be able to  invest again their money to the bitcoin. But not only waiting we need to pump the market we need to people who buy bitcoin again.

[Dreamchaser21]

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.

Its happening for days now and I'm happy that bitcoin and eth was on the green candle again. Hopefully they can able to pump until the end of the month. So much expectation in this market since the bear trend and this kind of pump will give another hope. I look forward for a more green candles with a small dump.

[Whosdaddy]

I still keep on expecting for the green market especially in the year 2018 where I totally keep on expecting that market will recover and we can gain again. It's hard to see that if the market will become green in this month because every seconds, minutes and hours the color of market changed and it is totally normal.

I myself the victim of previous market crash, but still holding all my coins in hope that the market will very soon recover.

After the 2019 has started my hopes now increase too much. In fact I do not want to sell the bitcoin I have and conform the lost. I will continue holding my bitcoin tell the price will recover and will reach to $20k. I hope that time is now not too much far when we will see bitcoin price trading above 2000 Dollar.

[Bagaji]

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.

I believe that seeing green all through the month as you rightly said will make your analysis one sided because, all through green is unlikely in the crypto currency market particularly at this moment that we are trying to pull out from a downward trends.

[samcrypto]

I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.

Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter.

There’s no dump trend right now, and I think its been a week since we saw the uptrend again and it can be the start. I’m also hoping that it will continue to pump for at least the first quarter of 2019, and if we are lucky enough the new bull market will come out.

[jvdp]

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.

I believe that seeing green all through the month as you rightly said will make your analysis one sided which is unlikely in the crypto currency market particularly at this moment that we are trying to pull out from a downward trends.

Market is never move to positive uptrend in all the time. Because again today market is move to downward and we will see the good result in future. Traders are little happy in yesterday result but current market is impossible to predict the right direction, so we must focus in every minutes in trading and long term relationship is still good in most of the trusted coins.