Recent market manipulation shows the enormous potential to reach the moon!

[BenCodie]

You need to realize what happened today does not increase the chances of approval. If anything a rejection is more likely because it demonstrates what types of manipulation can easily happen in the bitcoin markets.

It was a fake tweet and it ended up causing price to break $30K and then head back down again. So it easily could of wiped out many investors with that move. And this is what SEC might use as an example to not approve any spot etfs.

You have to be one dumb SEC member to think that this pump on fake news is something significant or a proof of manipulation.

I'm sure you know what happened to the price of gold when ETF was approved. It's obvious a similar thing will happen to bitcoin and people know it. The SEC knows it, Blackrock knows it, people who hold bitcoin and traders know it and that last group is responsible for the pump. Traders will buy when the approval finally comes and it's not their fault, nor the fault of bitcoin.
The only party responsible for the manipulation is Cointelegraph and they should pay for it.

I don't think that the tweet was fake. I believe, from my reading, that the DTCC actually did list the iSpot ETF for a period of time, which doesn't mean trading is enabled but rather than the support from them was there and it was one step closer....though after the market reaction, or maybe a call from the SEC, they delisted it.

If you read recent news you will see that they state that the DTCC delisted them. Not that the listing never existed. I think that if it was purely fake, the price would have corrected shortly after.

If this is accurate (I am quite sure it is) then I think the best take-aways from the whole saga are:
- DTCC can add the ETF at any time.
- Big corps have threatened to sue the SEC if they keep delaying the process
- Even though the DTCC doubled back on their decision, the price still withheld.
- Value in BTC is seen enough where news like this will pump it, and sentiment stays the same even afterwards!

The space is still bullish, and this situation only highlights more how easy it is for Bitcoin to make big moves. It's also a bit scary how fast it can move, especially for those who aren't ready.

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[lombok]

@lombok. On October 16 and 23, we have witnessed 2 pumps that have liquidated short sellers. On some news reports and new discovered information, it is speculated that Blackrock has begun buying bitcoin to seed their ETF. October 16 and 23 are Mondays. Tomorrow, October 30, is also a Monday.

We might witness another market pump and liquidate traders who are short selling on $35k? This will cause a liquidity cascade to $37k, I reckon.

All of this could happen in the Bitcoin market. Especially if the war gets hotter, I'm sure there will be a lot of money flowing into Gold and Bitcoin of course. I won't comment much on what price Bitcoin will reach, but Bitcoin will definitely continue to rise.

It would be good for blackrock if they started buying and holding BTC, we know that Blackrock is very impressive when it comes to investments, and there is no doubt about that. The fake ETF news regarding the SEC's acceptance of ETFs from Blackrock alone is able to excite the market, especially if it is true.

The pump did not occur, however. We might need to wait for this next Monday ehehe. Also, if there is war, speculative assets similar to bitcoin might experience some inflows of investment but it might not be inflows as big as we will witness in gold. Gold and precious metals are the only assets that have always been considered real safe haven assets. Bitcoin has not proven itself for this.

Regarding wait and see on BTC price action, I really agree, especially for traders, this is a speculative area if they are too hasty to enter. Traders or retailers will be played by a market that is still unstable and has not yet shown a definite direction.

Gold, silver and oil may be the first escape for those panicking about events such as war. As you said, gold and silver are the targets of those who need a safe haven when bad things happen and this has been proven from time immemorial.

[Fundamentals Of]

Regarding wait and see on BTC price action, I really agree, especially for traders, this is a speculative area if they are too hasty to enter. Traders or retailers will be played by a market that is still unstable and has not yet shown a definite direction.

Gold, silver and oil may be the first escape for those panicking about events such as war. As you said, gold and silver are the targets of those who need a safe haven when bad things happen and this has been proven from time immemorial.

For traders who are looking for short term gain, this is indeed a speculative area, but that's always the case for day trading. Whether the price is high or low, they are always cautious because the price of Bitcoin in the short term could either go high or go low. Bitcoin is volatile.

But to those who are looking forward to the long term price of Bitcoin, I think this isn't the time to wait and see. Instead, I think they should be hasty. At what point will you stop waiting and start buying?

There were those who thought that Bitcoin would fall to $10,000. Bitcoin instead rose to $20,000, then to $25,000, and now to $30,000 and above. There's no waiting anymore if you are looking forward a year from now. There are big events lined up happening soon like the Bitcoin spot ETF in the US and the halving. I don't think this is the time to be hesitant.

[lombok]

Regarding wait and see on BTC price action, I really agree, especially for traders, this is a speculative area if they are too hasty to enter. Traders or retailers will be played by a market that is still unstable and has not yet shown a definite direction.

Gold, silver and oil may be the first escape for those panicking about events such as war. As you said, gold and silver are the targets of those who need a safe haven when bad things happen and this has been proven from time immemorial.

For traders who are looking for short term gain, this is indeed a speculative area, but that's always the case for day trading. Whether the price is high or low, they are always cautious because the price of Bitcoin in the short term could either go high or go low. Bitcoin is volatile.

But to those who are looking forward to the long term price of Bitcoin, I think this isn't the time to wait and see. Instead, I think they should be hasty. At what point will you stop waiting and start buying?

There were those who thought that Bitcoin would fall to $10,000. Bitcoin instead rose to $20,000, then to $25,000, and now to $30,000 and above. There's no waiting anymore if you are looking forward a year from now. There are big events lined up happening soon like the Bitcoin spot ETF in the US and the halving. I don't think this is the time to be hesitant.

Yes, when it comes to long-term investments, maybe the current price is a cheap price per BTC. And there's no harm in buying and holding from now on. If there is a decline in the price of Bitcoin, just buy it back and save it to face the bullrun.

For some smart investors, they will buy according to the analysis they have made, without being influenced by FOMO or being in a hurry. There are certain levels such as support and resistance that they pay attention to so that their investment runs optimally.

[Fundamentals Of]

Regarding wait and see on BTC price action, I really agree, especially for traders, this is a speculative area if they are too hasty to enter. Traders or retailers will be played by a market that is still unstable and has not yet shown a definite direction.

Gold, silver and oil may be the first escape for those panicking about events such as war. As you said, gold and silver are the targets of those who need a safe haven when bad things happen and this has been proven from time immemorial.

For traders who are looking for short term gain, this is indeed a speculative area, but that's always the case for day trading. Whether the price is high or low, they are always cautious because the price of Bitcoin in the short term could either go high or go low. Bitcoin is volatile.

But to those who are looking forward to the long term price of Bitcoin, I think this isn't the time to wait and see. Instead, I think they should be hasty. At what point will you stop waiting and start buying?

There were those who thought that Bitcoin would fall to $10,000. Bitcoin instead rose to $20,000, then to $25,000, and now to $30,000 and above. There's no waiting anymore if you are looking forward a year from now. There are big events lined up happening soon like the Bitcoin spot ETF in the US and the halving. I don't think this is the time to be hesitant.

Yes, when it comes to long-term investments, maybe the current price is a cheap price per BTC. And there's no harm in buying and holding from now on. If there is a decline in the price of Bitcoin, just buy it back and save it to face the bullrun.

For some smart investors, they will buy according to the analysis they have made, without being influenced by FOMO or being in a hurry. There are certain levels such as support and resistance that they pay attention to so that their investment runs optimally.

Sometimes I wonder whether those who are withholding their decision to buy are smart or not. They might have their analysis but their analysis will never be accurate and it could either guide them to do the right decision or to miss the bus. I have read some analyses that the bottom of Bitcoin during the last bear season would be around $10,000 and not $15,000. Of course their analysis was backed by whatever they saw on the charts. They were wrong. That mistake was costly. One year has already passed and the price of Bitcoin never fell to $10,000 but rather rose to $35,000.

[pooya87]

I want to clarify that regardless of what was discussed about the reasons for the events in OP (sudden rise to $30k then drop back down to $27k) no one can deny the huge potential that exists in the market for a big rally. We saw this potential again on 23rd when price jumped to $35k and is still sticking up there not showing any interest in coming down.

Sometimes I wonder whether those who are withholding their decision to buy are smart or not. They might have their analysis but their analysis will never be accurate and it could either guide them to do the right decision or to miss the bus. I have read some analyses that the bottom of Bitcoin during the last bear season would be around $10,000 and not $15,000. Of course their analysis was backed by whatever they saw on the charts. They were wrong. That mistake was costly. One year has already passed and the price of Bitcoin never fell to $10,000 but rather rose to $35,000.

It's all about greed. They do some calculations and think if they buy at $10k instead of $20k they can make twice the profit but funny enough, almost all of them end up buying at $40k and lose 50% profit

[mirakal]

If we’re already seeing upward pressure from ETFs (more likely it’s just buying the rumor at the moment) then when the announcement is made and funds start really buying we could see some massive spikes. I think it’s likely that will be the story for the next year. I look forward to waking up to big price jumps again.

Bitcoin is actually waiting for a huge news that will soon to set it into its newest all time high, and this fake ETF approval makes a good start for bitcoin price to start an upward price position regardless if the news is legit or not. With this, the more we become motivated to look forward when the time comes that SEC has legally approved this bitcoin ETF.

The current events make us realize that the market only need big and significant news for bitcoin price to start some massive spikes. And the good thing is the market is in store for big events in the next couple of months and we can't just hide the excitement when everything works in accordance with our plan when that bull run is finally here and bitcoin price is now to set on its new all time high.

[taufik123]

-snip-
The current events make us realize that the market only need big and significant news for bitcoin price to start some massive spikes. And the good thing is the market is in store for big events in the next couple of months and we can't just hide the excitement when everything works in accordance with our plan when that bull run is finally here and bitcoin price is now to set on its new all time high.

But there are good and bad things about the hoax that was spread about ETFs yesterday.
Indeed, the price saw a significant increase, but this was followed by a deep decline as it was discovered to be fake news.
It's kind of a bull trap, but on the positive side, we see the price rising slowly.

The big news about the acceptance of ETFs is quite awaited, when the news actually appears and is also supported by the Halving that will occur, it will be quite an extraordinary increase to be able to reach the new ATH.
This moment is really awaited by everyone and a feast of profits for loyal holders.

[Don Pedro Dinero]

The big news about the acceptance of ETFs is quite awaited, when the news actually appears and is also supported by the Halving that will occur, it will be quite an extraordinary increase to be able to reach the new ATH.
This moment is really awaited by everyone and a feast of profits for loyal holders.

Well, if they are loyal holders they should not sell, or at least not very much, as it is a contradiction in terms to sell and be a holder.

I see that after such a long time there is a bullish feeling in the forum. More positive news about ETFs could catapult it, although I dare not say it is undervalued as it is said in the OP because I don't think there is an objective procedure to calculate intrinsic value, as there is in the stock market. There are procedures, but they don't convince me.

[taufik123]

Well, if they are loyal holders they should not sell, or at least not very much, as it is a contradiction in terms to sell and be a holder.

I see that after such a long time there is a bullish feeling in the forum. More positive news about ETFs could catapult it, although I dare not say it is undervalued as it is said in the OP because I don't think there is an objective procedure to calculate intrinsic value, as there is in the stock market. There are procedures, but they don't convince me.

hahaha yes, I forgot about the loyal holders who will continue to stay,
But being a holder doesn't have to last for life, there must be a sale to take a little profit and it also depends on where the target price is.

If the loyal holders target a price at $100k ATH, then it will be a way out for those holders to let go of their assets, maybe not all but just some to take advantage.

Positive news about ETFs is a starter that will give a good boost to the market.
And some time ago, hoax news about ETFs can even have a good impact, especially if the news is genuine and comes from an official center, then we can expect a tremendous surge.

[onecall123]

The big news about the acceptance of ETFs is quite awaited, when the news actually appears and is also supported by the Halving that will occur, it will be quite an extraordinary increase to be able to reach the new ATH.
This moment is really awaited by everyone and a feast of profits for loyal holders.

Well, if they are loyal holders they should not sell, or at least not very much, as it is a contradiction in terms to sell and be a holder.

I see that after such a long time there is a bullish feeling in the forum. More positive news about ETFs could catapult it, although I dare not say it is undervalued as it is said in the OP because I don't think there is an objective procedure to calculate intrinsic value, as there is in the stock market. There are procedures, but they don't convince me.

I'm betting on Bitcoin going up. The price is testing a significant resistance, so I've decided to go long, anticipating a bullish breakout.

Regardless of what happens, I believe Bitcoin is poised for a significant upward movement.

Neither the SEC nor the FED will unlikely gonna stop Bitcoin. Institutional investors might pull out before the true halving, ushering in a new cycle, perhaps.

[moneystery]

don't care what the current market conditions are like, my only focus is investing regularly and holding on to gain future profits. whether the sec approves the blackrock etf or not, or the rubbish speculation created by the government to corner the crypto market, it doesn't matter, i just invest regularly as usual and wait to see how bitcoin goes to the moon after the halving.

[CageMabok]

don't care what the current market conditions are like, my only focus is investing regularly and holding on to gain future profits. whether the sec approves the blackrock etf or not, or the rubbish speculation created by the government to corner the crypto market, it doesn't matter, i just invest regularly as usual and wait to see how bitcoin goes to the moon after the halving.

If you are optimistic enough about your own stance on Bitcoin, you should no longer be influenced by anything except to just continue investing as usual to prove bigger profits. I also really like your investment style because what you say has absolutely nothing to do with anything else or influence anything else. And now you and everyone else have also seen how market conditions are starting to develop better in just a matter of time.

[EluguHcman]

Halving is equal to bull run
Spot bitcoin ETF is equal to bull run

You are right, the showcasing of the halving is a significant approach that implies the roaming that implies that the bull-run is behind the corner to be fully activated but yet fluctuating.
So once halving season is come, it should be expected that the next running season is the bull-run. Bull-runs seasons is usually unpredictable that it is activated suddenly or at the unawareness against massive prediction.