jaberwock
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September 10, 2023, 04:41:35 PM |
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If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.
Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.
I think ETF have a big impact in the price before so it might did it again once it happens. This is the reason why the @OP and others are so positive about it that they can mention $100k once again in relation to this event. I'm not aware that the economy is about to collapse but can you give a reason on why it can happen? Or at least give a source so that we can check it out. If it's true, then maybe that is the reason why there is an ETF. It can act as a savior to not dump Bitcoin evenly because it's already badly beaten up right now. BTC can normally reverse or fall down after a huge increase in it's price so don't worry about that. A lot of us are already aware with it. What important is, we already taken an advantage of the pump and we can just use the dump as the opportunity to start again.
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Juse14
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Duelbits
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September 10, 2023, 05:40:10 PM |
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$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.
That's true, but just relying on halving, it will take quite a long time to reach the price you mentioned. With its presence, Bitcoin will be introduced directly by the world's largest financial asset managers, of course this will provide a boost in popularity among stock investors. and others, and it will make them aware of owning bitcoin. Maybe day traders prefer ETFs but long-term thinking investors definitely choose bitcoin from the crypto market directly to hold. That $100k was still in the shadows when the ETF was approved, I think it's more logical that it can only lift Bitcoin to between $40k-$60k, the rest will be driven by Bitcoin's continued dynamics until it reaches the $100k level at the end of the Bitcoin cycle.
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bayu7adi
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September 10, 2023, 10:37:03 PM |
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If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.
Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.
Yeah, price range between $40,000 to $50,000 appears more reasonable than the creation of a new all-time high (ATH) solely driven by ETF approval for BTC. However, if the ETF confirmation occurs post-halving, that news might be strategically used to catalyze a stronger push towards a new ATH, possibly reaching $100,000 post-halving. In my opinion, a price surge is likely to happen in the not-so-distant future, with BTC stabilizing at a fair range of $30,000 to $35,000 after the pump concludes.
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panganib999
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September 10, 2023, 10:53:21 PM |
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ETFs could push the opinion of the people to the favorable side in the future, but it's always going to be the people that will push bitcoin to 100k. We can have all the marketing and the reasons in the world to push bitcoin even to the 1 million mark, but if we're not eager to invest for whatever reason, we're not going to and bitcoin will not shoot up to whatever price point we so desire. ETFs could open bitcoin to wall street and to investors with higher bankrolls to spend but at the same time since bitcoin is decentralized, they wouldn't be enough to push bitcoin to that desired price point.
So if you're thinking that bitcoin's going to shoot up or shoot down just cause a particular high value investor bought or sold his holdings, you're wrong. Bitcoin, though volatile, is still strong enough to support itself even in the most precarious situations.
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Abiky (OP)
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September 11, 2023, 11:55:19 AM |
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$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.
BTC needs to cross the $100k milestone first before we can think of another ATH. If I'm not mistaken, Bitcoin's last ATH was around $68k. That's close to the price prediction of $100k. All we need is for the SEC to approve spot ETFs from the big investment companies, and nothing should stop BTC from reaching that target. This will happen earlier if spot ETFs are approved before the halving of 2024. There's a lot of demand for BTC, despite the on-going global economic uncertainty. I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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SquirrelJulietGarden
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September 12, 2023, 01:52:10 AM |
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BTC needs to cross the $100k milestone first before we can think of another ATH. If I'm not mistaken, Bitcoin's last ATH was around $68k. That's close to the price prediction of $100k. All we need is for the SEC to approve spot ETFs from the big investment companies, and nothing should stop BTC from reaching that target. This will happen earlier if spot ETFs are approved before the halving of 2024. There's a lot of demand for BTC, despite the on-going global economic uncertainty.
Bitcoin needs to move closely to $60,000 or $68,000 first before a big news like Bitcoin Spot ETF approval in the USA. will boost it to break out and climb to about $100,000. The price is a strong cap because this number will make a very strong mentality resistance that needs very big momentum to break through. From $60,000 or $70,000 to $100,000 is about 30% to 40% increase which is possible for Bitcoin when the market is on fire. After rising about 15%, forced liquidation on the market can lift Bitcoin to 10% or 15% more easily and here we go with $100,000. I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings.
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BALIK
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September 12, 2023, 02:14:26 AM |
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I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings. Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us?
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Out of mind
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September 12, 2023, 03:00:25 AM Merited by fillippone (1) |
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I believe that the Bitcoin market will be pumping enough volume again. If the ETF Grayscale is launched, then there is definitely a possibility that the value of Bitcoin will increase. We know that by 2024, the Bitcoin market will be halved, which is when Bitcoin pumping is most likely. There is no doubt that when the Bitcoin market halving will have positive effects on the market and the Bitcoin market will be $100k. Most research suggests that Bitcoin will grow exponentially after the halving and reach $100k soon.
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adaseb
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September 12, 2023, 04:02:49 AM |
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Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.
I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth. No idea how they will liquidate that without crashing the token.
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Abiky (OP)
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September 13, 2023, 12:33:09 AM |
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Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.
I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth. No idea how they will liquidate that without crashing the token.
If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come. I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Minor Miner
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September 13, 2023, 03:10:55 AM |
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Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.
I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth. No idea how they will liquidate that without crashing the token.
If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come. I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets. Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.
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Ale88
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September 13, 2023, 03:17:54 AM |
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I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings. Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us? Of course there are no guarantees that the price will keep going up but at the same time why should it go down? With the next 2-3 halvings the miners will get way less bitcoins, that means less new bitcoins on the market, hence less opportunities to buy. And let's not forget inflation, I think it'll just get worse and worse, and many people will try to get their share of bitcoin.
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laurenB7742
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September 13, 2023, 04:12:37 AM |
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I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings. Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us? Of course there are no guarantees that the price will keep going up but at the same time why should it go down? With the next 2-3 halvings the miners will get way less bitcoins, that means less new bitcoins on the market, hence less opportunities to buy. And let's not forget inflation, I think it'll just get worse and worse, and many people will try to get their share of bitcoin. We will never know whether bitcoin will decrease or increase in the future, so I think it is never wrong to take profits and I also think that holding bitcoin forever is not a good idea. Inflation is increasing and to be able to deal with it, we need to have an income higher than the inflation rate, holding some assets and not using them cannot help us avoid inflation. To me, bitcoins are only useful if we use them and can help us in life, not if we hold them forever and don't use them.
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bussybuddy
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September 13, 2023, 05:01:04 AM |
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The bitcoin ETF seems to be getting a lot of attention, I'm not sure if this is the main reason to stimulate growth in bitcoin or not, but it's clear that interest from big names in finance is growing shows interest in bitcoin. Personally, I see that the current trend will soon exit, as we are getting closer and closer to important milestones with bitcoin, and I and many people quite expect that by 2024 we will witnessed a strong price increase with btc.
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YUriy1991
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September 13, 2023, 05:06:52 AM |
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If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come. I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F09%2F13%2F6CYKI.jpeg&t=665&c=K_5-cn_I2L2t5g) That's right, this issue (FTX) has more or less affected the market and apart from that, the hacking issue has occurred again at BursaCoinEx. So, for future BTC price predictions, where the public is still waiting for the ETF application deadline, which is only 35 days away, I think the future of Bitcoin is very different from the others. Bitcoin futures are ideal for those who have invested large amounts of Bitcoin. yes. While it may seem attractive to trade Bitcoin futures, there are several aspects that a trader needs to keep in mind.
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Odohu
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September 13, 2023, 07:03:03 AM |
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Since the Grayscale ETF application have been in the news for a while now, I expect the approval to cause significant appreciation in price. Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.
This is exactly what is going on, the manipulators doing their thing but in the end Bitcoin will most likely hit the $100k region. With halving happening next year, one would have expected some kinds of positive response in price but what we are seeing is prolonged consolidation followed by decline in price... a clear case of market manipulation to wear out weak hands. The beauty of a forum like ours is the knowledge it provide so that those who follow up will be prepared for a time like this to take advantage of the manipulation while waiting for the anticipated bullrun.
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benalexis12
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September 13, 2023, 07:52:42 AM |
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When grayscale won, Bitcoin had a short-term pump this time. Then, the value fell again until today. And about the $100k that each Bitcoin will be worth, I think I have to believe that because the other speculations of the experts are, from what I've seen, really valid and there is a basis regarding their analysis about what can happen in the future in terms of Bitcoin's market value. And besides that, everything can happen, but it depends on the situation.
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Ayers
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September 13, 2023, 08:43:15 AM |
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If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come. I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) That's right, this issue (FTX) has more or less affected the market and apart from that, the hacking issue has occurred again at BursaCoinEx. So, for future BTC price predictions, where the public is still waiting for the ETF application deadline, which is only 35 days away, I think the future of Bitcoin is very different from the others. Bitcoin futures are ideal for those who have invested large amounts of Bitcoin. yes. While it may seem attractive to trade Bitcoin futures, there are several aspects that a trader needs to keep in mind. Bitcoin price dropped before the FTX news appeared so I don't think that was the cause. Furthermore, the CoinEx exchange being hacked is too small to have an impact on the market. I agree with what zasad@ said, there are people who don't want the market to rise soon, not the news that is making the market unable to rise. Manipulation is going on in the market so even positive news cannot help bitcoin recover. Someone wants us to sell our bitcoins to them at a low price.
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Abiky (OP)
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September 14, 2023, 12:01:37 PM |
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Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.
Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.
Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate. I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Jating
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 16, 2023, 10:09:23 AM |
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Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.
Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.
Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate. I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Well there is a new player https://cointelegraph.com/news/crypto-biz-paypal-rolls-out-crypto-ramps-franklin-templeton-joins-btc-etf-race-and-moreSo yeah, most likely there will be a reach as who will get the approval for a BTC Spot ETF and this could trigger the next bull run. I do agree about the interest rate and what is the US government is doing. Nevertheless, I do not think they have a huge impact in the next bull run. Remember that we even have Covid-19 pandemic in 2021 and yet we did see new all time high. So most likely, it will be the race for a BTC Spot ETF that will likely be the catalyst for 2024-2025 run.
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