pooya87 (OP)
Legendary
Offline
Activity: 3570
Merit: 10843
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 03:44:33 PM |
|
Because of the economic hardship and because many markets are either in red or very risky, there has been a lot of money going into the bonds crap governments keep selling (to borrow money out of the investors' pockets) or is just "adrift" and is waiting to be invested in something. The recent market manipulation with a fake news about SEC approving the BlackRock ETF showed the massive potential that exists in the bitcoin market to simply shoot to the moon and in a very short time too. In other words a lot of that money is waiting on bitcoin to make the first move to panic buy it "violently". ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) What happened today is also one of the reasons I insist that currently bitcoin is undervalued (under its intrinsic value).
|
|
|
|
OgNasty
Donator
Legendary
Offline
Activity: 4858
Merit: 4591
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 03:48:43 PM |
|
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. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Tytanowy Janusz
Legendary
Offline
Activity: 2156
Merit: 1622
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 04:07:14 PM |
|
I just wanted to add that the ETF is practically certain, and a normal investor has just seen what it will do with the price in the short term (+10% pump in 5 minutes). For an average investor isn't this a green light to buy? Isn't it logical to pack now? In my opinion, even though the news was fake, it showed that there is a lot to earn from it once it appears.
And for the currently open trade, the price would have to fall like a rock, breaking through many supports, for this trade to fail because of +10% after the true news instant pump. Just don't lose more than 10% before the real news and you are on profit (not to mention further increases, just initial pump)
|
|
|
|
Ndabagi01
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 04:48:55 PM |
|
The manipulation that happened is merely a foreshadowing of what will occur after SEC approves Bitcoin ETF. The price plummeted as soon as it was revealed that the report was fake. This is only a sample of how the price action will look in the next days, months, or next year once it is approved. I was offline, I missed seeing the pump, and I am expecting a rise shortly after this episode which just lasted for less than an hour today.
|
|
|
|
Odohu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 04:55:56 PM |
|
I was actually amazed at how market can react vigorously to news. This point to what is expected next year if the ETF is approved, followed by the halving. Bitcoin skeptics will be proven wrong once again. Indeed, exciting times are ahead for Bitcoin.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Oshosondy
Legendary
Offline
Activity: 1568
Merit: 1167
Gamble responsibly
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 05:10:04 PM |
|
Halving is equal to bull run Spot bitcoin ETF is equal to bull run
This news is a rumor, bitcoin increased to $30000 which is not massive enough. If it is not a rumor, it would have been more and probably the next bull run would have started today.
With the all-time-high and people that have known bitcoin as of today, bitcoin is not yet trillion dollars marketcap, definitely it is undervalued.
|
|
|
|
STT
Legendary
Offline
Activity: 4032
Merit: 1440
Exchange 250+ Coins With 0% Fees
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 05:29:43 PM |
|
30k was already possible as a normal target, the news not real but rumor was enough to make it jump to that price. Its a surprise move but also the direction the magnitude is what we'd expect I think. I dont then think we must go beyond that even with ETF news, the bigger prices I imagine will be requiring a snowball effect on multiple time frames where we are bullish for multiple reasons not just one. We might get the most positive price action without hearing about a ETF, that kind of news is not what I think truly drives BTC in its largest gearing.
|
| | TheChange | | | | |
░░░░░░░░░░██▄ ▄▄▄▄▄▄▄▄▄▄▄███▄ ▀▀▀▀▀▀▀▀▀▀▀███▀ ░░░░░░░░░░██▀ ░░░▄▄ ▄██▀ ███████████████ ▀██▄ ░░░▀▀ | | | | +250 COINS | | ..Crypto Exchange.. | │ | ▄▄▄▄ ▄▄▄███▀▀███▄▄▄ ▄█████▀▀░▄▄▄▄░▀▀█████▄ ██▀░▄▄▄████████▄▄▄░▀██ ██░████████████████░██ ██░████████████████░██ ██░▀██████████████▀░██ ██░▀████████████▀░██ ▀██░▀██████████▀░██▀ ▀██▄░▀██████▀░▄██▀ ▀██▄▄░▀▀░▄▄██▀ ▀▀██▄▄██▀▀ ▀▀▀▀ | | | │ | |
|
|
|
Doan9269
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 05:30:06 PM |
|
Will the spot ETF approval be the means to experience a surge in the market price for this time or we should rely only on Halving or both, should the sudden rise be attributed to the fake news and the sudden bear also on the same occassion of knowing that everything porported were fake news that all happened today, or maybe we should still believe in those that use to say that bitcoin price is being manipulated on the Institutional investors were found in doing such, everyone keeps popping in their own opinions on same incident, what is worked by is the Halving and nothing more to be trusted as this for bitcoin bullrun the more we are getting closer.
|
|
|
|
jossiel
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 06:25:51 PM |
|
$2k+ of pump within less than a day or let's just say for just a couple of hours. This is all about fake Bitcoin ETF approval that we're talking and how much it will be if we see the actual news of SEC's approval for the actual thing and application. This is giving the idea for everyone that the potential is endless for Bitcoin. It's just like dumb money that's flowing right now and waiting for these news to come before they enter. Will the spot ETF approval be the means to experience a surge in the market price for this time or we should rely only on Halving or both
I think it's safe to say that we should only rely on halving. But for the past halvings, we've seen that there's some push coming from other factors. Like in 2017 there goes the ICOs. In 2021, there goes the NFTs. In 2025, Bitcoin ETFs.... We shall see but it won't hurt to expect some help and reliance on both.
|
|
|
|
hugeblack
Legendary
Offline
Activity: 2632
Merit: 3881
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 06:54:47 PM |
|
What happened today is also one of the reasons I insist that currently bitcoin is undervalued (under its intrinsic value).
The matter could happen in reverse, if the price does not change during the coming months, specifically until halving time, investors may start to panic that the upward wave will be different from previous price cycles. The same thing would happen if the price did not reach $100,000 by the end of next year, or at least after 12 months after halving, all these psychological variables make people keep cash and wait until a certain event occurs, and then everyone pays the money. The reason for this is that you can get guaranteed profits from providing loans, so unless the rise in Bitcoin is rapid, they will not think about investing. Back to the technical analysis, the price is at the 200-Day SMA, which is $28,019, and we are still in the 26k-32k range, so nothing has changed.
|
|
|
|
Upgrade00
Legendary
Offline
Activity: 2156
Merit: 2306
Playgram - The Telegram Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 08:09:31 PM |
|
What happened today is also one of the reasons I insist that currently bitcoin is undervalued (under its intrinsic value).
It is criminally undervalued if we are being honest. The more the conventional financial system is shown out to be a farce the more valuable an alternative system looks and the more money potentially gets pushed into Bitcoin. This recent pump is just as example of how much capital are available to be pushed into the Bitcoin network with the right amount of trigger. It felt good seeing a spike after a very long time of boring sideways movement and it's almost only a matter of time now before one ETF gets approved.
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
|
|
|
pixie85
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2023, 08:31:27 PM |
|
If they really thought the news was real it didn't really go that much up. 27-30 thousand on the news of an ETF approval? Not even touching the high from August? I'm not impressed.
I agree that bitcoin has a lot of potential for an uptrend. I also think that the fair price right now should be at least 30000 but it stays below that because of the pressure from politicians. Doesn't matter in the long run though. It's going to go up a week or a year from now, but it's going up!
|
|
|
|
adaseb
Legendary
Offline
Activity: 3864
Merit: 1732
Up to 300% + 200 FS deposit bonuses
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 04:47:37 AM |
|
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.
|
|
|
|
pooya87 (OP)
Legendary
Offline
Activity: 3570
Merit: 10843
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 05:01:46 AM |
|
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.
I personally don't care about ETF and I have always said that people should not adopt bitcoin through any "middle men", if anyone wants bitcoin they should just buy it directly! But what I do care about is the massive amount of money that is waiting on the sidelines, we got a small peek through the curtain and saw what it can do to the price even in a short period like yesterday. In other words we are only a "spark" away from reaching ATH. What's that spark? I can not tell. It can be ETF approval, it can be halving, it can be US decreasing interest rate, etc.
|
|
|
|
michellee
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 06:15:04 AM |
|
That's right @OP. At the current price of Bitcoin, I also think it is undervalued. But people still seem to be waiting for the price to fall further before they start buying. But if this is the last low and those people don't buy Bitcoin immediately, they may regret not buying Bitcoin at this price range.
That little spark will affect the Bitcoin price but I think it's about the ETF approval that will start to provide that spark. As for halving, it will still be a few months from now. And it also may not be able to directly influence the price of Bitcoin to immediately shoot up. Meanwhile, regarding the reduction in US interest rates, this is still a tug-of-war so it may not happen shortly.
But whatever it is, I feel that the current price of Bitcoin is still being held down by "them," but I don't know who they are. But no matter what, I'm still enjoying this Bitcoin journey while taking profits little by little and still waiting for the next ATH.
But I could be wrong about this so I am sorry.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
YUriy1991
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 06:55:49 AM |
|
I was actually amazed at how market can react vigorously to news. This point to what is expected next year if the ETF is approved, followed by the halving. Bitcoin skeptics will be proven wrong once again. Indeed, exciting times are ahead for Bitcoin.
Yes. as you say, this is just a preview of what will happen if the SEC approves Bitcoin ETFs again despite reconfirmation that they are wrong. but, the mainstream media of course also pays attention to it too to stay updated. The question is Will the SEC re-approve spot Bitcoin ETFs in the next three or six months?
|
|
|
|
bakasabo
Legendary
Offline
Activity: 2436
Merit: 1207
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 07:16:28 AM |
|
Recent market manipulation showed only that manipulators can do with the price whatever they want. Recent manipulation is not about reaching moon, it has showed how easy they can manipulate the price and how easily people believe in this artificial growth. Consider recent price growth as a test. It is said that the growth was triggered by fake news. It is easier to generate fake news, then do serious deals and take controversial decisions on the market. So expect more price jumps and drops soon.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Majestic-milf
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 07:20:05 AM |
|
I was actually amazed at how market can react vigorously to news. This point to what is expected next year if the ETF is approved, followed by the halving. Bitcoin skeptics will be proven wrong once again. Indeed, exciting times are ahead for Bitcoin.
Inasmuch as the market can react to news of such an event doesn't mean they should spread fake news. I read where Cointelegraph was trying to apologize for the mistakes of it's worker and promised to investigate deeply into what caused the dissemination of the news. What we should be bothered now is how will a legitimate news affect the market after this happened to push it to almost $30k? Another question that bugs me is what if they actually manipulated it just because they could? I mean it's not like it can't happen, right? We've heard of a recent happenstance of FTX manipulating price to stay below $20k by authorizing Alameda to continue selling at that amount? Maybe this is one of such occasion only it was done for the positives?
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Woodie
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 07:48:57 AM |
|
The recent market manipulation with a fake news about SEC approving the BlackRock ETF showed the massive potential that exists in the bitcoin market to simply shoot to the moon and in a very short time too. In other words a lot of that money is waiting on bitcoin to make the first move to panic buy it "violently". ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Honestly sounds like too many people waiting to hit the buy button once Bitcoin comes in a regulated form and we did get a glimpse of it. Btw, where did the fake news of the ETF approval originate from ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) What happened today is also one of the reasons I insist that currently bitcoin is undervalued (under its intrinsic value).
Very much undervalued because of the bureaucracy, but am certain many people including investors want to have a sense of security when they invest in crypto and this can be done through regulation or in this case an ETF which won't require a user buying the actual Bitcoin as any risk associated with owning it is transferred to someone else, otherwise it's still a win win as demand for Bitcoin will surely increase once the approval is done.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
slaman29
Legendary
Offline
Activity: 2772
Merit: 1263
Livecasino, 20% cashback, no fuss payouts.
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 17, 2023, 08:21:29 AM |
|
Bitcoin is definitely not over valued, I'm not really sure it's highly undervalued because I see things in dollars translated to my local currency ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I know in euros and dollars things look "normal" but we have to understand that majority of the world these are multiplied by a lot and India + China still make up 35% of the world even if economically still weaker. $50k still sounds reasonable but we all know in bull that can go up many times more so yes I agree higher price for sure, value I'm still not sure ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
|
|
|
|
|