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Author Topic: Whatever happens, hold on to your Bitcoin.  (Read 680 times)
adultcrypto (OP)
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November 09, 2023, 01:59:19 PM
 #1

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

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November 09, 2023, 02:10:32 PM
 #2

The enthusiasm around Bitcoin is understandable, particularly with all the chatter about possible ETF approvals pushing prices up.  It's tempting to get caught up in the excitement and speculate about potential outcomes like the ETF getting rejected.  But you're right that sticking to your plans and holding steady during the market's ups and downs takes discipline.  Easier said than done for sure! Keeping emotions in check is tough when theres so much anticipation and  let's hope things turn out favorably in the end.  For now, staying focused on the long game rather than getting distracted by short-term swings is probably wise.

But the thrill of the ride sure makes that hard sometimes!  Wink

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November 09, 2023, 02:13:53 PM
 #3

People get too excited about small pumps in the market, it brings the idea of the time to sell and make profit is at hand but, what becomes of you and the fiat or whatever coin/commodity your Bitcoin values is transferred into after you sell?
You might just miss out of all the other events, bear market inclusive, which will come playing out after that.

Many have the ideas of, they would have to buy again during the bears but, how often do you make it to that.
Anyway, after the rain comes the shine and as such, being excited isn’t out of place but, never get to sell all your coins.

News on the continued approval of various ETF platforms might be a course for nothing but, I very much feel this is just happening as a bid by this platforms to actually take advantage of the expected bullrun, come next halving. You get to work with them to build yourself and them as well. It’s a cool thing but, ensure your not loosing out on accumulating some Bitcoins.

R


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November 09, 2023, 02:21:55 PM
 #4

At least someone looking at the possibility of the SEC rejecting ETF although with the ever growing news of it getting approve soon and even a fake report that it was approved I think it will be a huge surprise that it doesn’t get approved. But regardless of what happens I have not place any of my predictions on ETF saga, yes it’s approval will certainly causes a pump in price of bitcoin but it will only be on yeh basis of FOMO and as such I don’t see it lasting that long. But a disapproval will also causes a retract of the price, in face of this just hodl and if possible accumulate more then.

The real bull run will be caused by the bitcoin halving and as with ETF approval or not we will be in bull run come 2025 or late 2024 that’s where my predictions lies

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November 09, 2023, 02:27:17 PM
 #5

I'm sure many are feeling good about the gains made by Bitcoin recently, but I think that holding Bitcoin no matter what is not a great strategy. If someone invested a long time ago, the current price might be good for that person to sell. Or, maybe a person wants to keep hodling but sell just a bit to enjoy the profits made due to recent gains. I think it's totally fine, and it is important to actually benefit from the profits once in a while. I agree that Bitcoin will probably rise with or without an ETF approval, but it can easily happen after another year of a bear market, for instance, so if someone wants to sell a bit now, it makes sense.

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November 09, 2023, 02:37:08 PM
 #6

Bitcoin was always going to go up - approved ETFs or not. Even if ETF was the subject matter of today's bitcoin community and market discussions, Bitcoin's price was primed for a good upward swing and the Cointelegraph fake news was only evident of what could be and we're seeing a of it happening as expected. Imo, Bitcoin's price imo will get better and better from here until and after the halving event next year. Evenif ETF is not approved, I wouldn't say it would have a really huge impact on Bitcoin.

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November 09, 2023, 02:37:29 PM
 #7

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

This is right approach when the market suddenly change momentum. Keep buying when everyone is fearing about the dump since you will have a chance to purchase more token on cheap price. People who always win on trading are those who patiently wait for the right price to sell since it’s just changing of Bitcoin from less patient to more patient people.

This is why DCA is always the best practice on trading since you can average your buy price no matter what happened in the price. We should keep holding on that Bitcoin price grows parabolic in long term while we are just starting that curve.

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November 09, 2023, 02:38:44 PM
 #8

Never had any thoughts about giving up on Bitcoin. If bad things happen I'll be glad to buy more. Because the future is bright and I know it.

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November 09, 2023, 02:40:24 PM
 #9

 The way Bitcoin price is surging, one will be tempted to sell, no doubt but I feel too that there are those  who won't get easily tempted to. This is not the first time we've seen such pumps that shook the market and since the recent one is the spot ETFs that are being perceived to get a nod of approval from the SEC, I just believe it won't be the only thing that, if not approved, will stop Bitcoin from being bullish. The halving event is just next year and to me the ETFs approval is just a plus.

R


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November 09, 2023, 02:41:14 PM
 #10

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

When the Bitcoin ETF is ultimately approved, we expect the price of bitcoin to skyrocket, but if it does not, there is a potential and a significant likelihood that the price will fall. But, regardless of what occurs, your title tells it all. When the price begins to fall, there are bound to be panic and anxiety of losing all of the money invested. The market is expected to see a bull run after the halving occurs by next year; if this time comes, those who hung on to their coins would profit handsomely. Those that sold out of fear of the bitcoin price falling likely miss out if the bitcoin ETF is not approved.

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November 09, 2023, 02:43:27 PM
 #11

Yup, anyone thinking of selling now and taking out 2x of profit (if they were lucky enough to buy at $18k) is a fool and will be missing a major/big profit which we all will see happening in 2025.
I make sure to keep everyone in touch with my goal or target of Bitcoin i.e. $178k for November 2025. I am definitely sure Bitcoin will be able to achieve this target.

So, hold on to your Bitcoin as the OP said.
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November 09, 2023, 02:44:26 PM
 #12

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

Those people telling that this pump happen due to the hype brought up by ETF situation but they didn't even realize that bitcoin is naturally growing its because people are looking forward for great thing that halving effect can possibly bring to them that's why its so irrelevant for people to hold just because they are speculating about the possible result since they might get dismayed if this one get disapprove and might result to capital lost to them. If they are just aiming for halving then maybe they can get much better result from it since for sure that this is more realistic to happen rather speculating about those ETF acceptance which is hard to happen for now since there are some regulators still not open for bitcoin adoption that's why we always see it get disapprove by those officials.

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November 09, 2023, 02:55:56 PM
 #13

Bro, I'm sure that you're not going to see any sane person selling all of their bitcoins right now so your advice on the title is moot, a lot has seen bitcoin go from 69k USD already and there's more that's expecting bitcoin to go much higher after halving or in halving so you don't need to worry about people being unstable with what price they're planning to sell their bitcoins.
Yup, anyone thinking of selling now and taking out 2x of profit (if they were lucky enough to buy at $18k) is a fool and will be missing a major/big profit which we all will see happening in 2025.
I make sure to keep everyone in touch with my goal or target of Bitcoin i.e. $178k for November 2025. I am definitely sure Bitcoin will be able to achieve this target.

So, hold on to your Bitcoin as the OP said.
They can probably get away with not selling all of their bitcoins and then getting some profit out of their initial purchase and then hope to get in bitcoin again by buying back in case the price of bitcoin goes down again so those people selling at the current highest price have a little window to get in again. As with what OP said, anyone would probably also have to consider not doing anything stupid like selling everything.
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November 09, 2023, 02:57:49 PM
 #14

Sounds like the real deal to me if anyone wants to take advantage of the price drop it's going to be the powerful people unless they already bought all the Bitcoin they want, if not, all they need to do is reject all the ETF applications and watch how the price of Bitcoin will get heavily dump, it's something they can actually pull off and that's why I don't trust anything in this space.

I like your advice and it's best for others to take it very serious, too many people are now calling for the bull market, like isn't that too early? But it's expected that Bitcoin will pump at the end of 2023 anyway so the correction that I am expecting should be in the first quarter of next year.

There is nothing to be scared of, just get ready to take advantage of another, maybe last buying opportunity, there is no way a correction won't happen, so be ready with your USD or stable coin to buy more Bitcoin when any form of correction takes place.
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November 09, 2023, 03:17:42 PM
 #15

The way Bitcoin price is surging, one will be tempted to sell, no doubt but I feel too that there are those  who won't get easily tempted to. This is not the first time we've seen such pumps that shook the market and since the recent one is the spot ETFs that are being perceived to get a nod of approval from the SEC, I just believe it won't be the only thing that, if not approved, will stop Bitcoin from being bullish. The halving event is just next year and to me the ETFs approval is just a plus.

Yes in the last few weeks bitcoin has seen entering a bullish phase which indirectly makes people assume and speculate that "this is the right moment" to sell, of course it is a natural thing and that is always awaited by everyone involved in bitcoin accumulation. I think the people you mean who are not easily tempted by bullish conditions on bitcoin now are those who have long-term planning that has targeted at least the next 4 years. Honestly, I'm not really sure that there is an ETF agreement, but maybe some people have concluded that it really happened because they saw from how the bullish conditions that bitcoin is experiencing now.

Bitcoin always has a great opportunity to go up, because of course as you said now is the time for bitcoin to start its potential, none other than because the halving time is just around the corner, honestly I don't know how high bitcoin will be in the next year but certainly we must maintain even though many sales temptations come.

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November 09, 2023, 03:21:44 PM
 #16

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I agree with you that bitcoin could go up even without an ETF, but it should not be denied that what is happening is not related to the ETFs. The market is very bullish on ETFs and what is happening is the impact of news related to ETFs. Certainly, bitcoin will still recover and increase in price without ETFs, but if the SEC rejects ETFs again, you will see the bitcoin plummet immediately. We should continue to hold bitcoin no matter what happens but don't think that bitcoin will be unaffected by this news.

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November 09, 2023, 03:39:36 PM
 #17

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
Bitcoin did not have an issue with the ETF approval because, with or without ETF approval, Bitcoin halving will happen, and we are expecting a bull run.

People willing to invest, we still have time to wait for the news of either approval or rejection to know our next move. We should not panic and sell in case the Bitcoin price drops a bit if the ETF is rejected; instead, we should buy more because we are almost there (2024 halving year).

On the other hand, most altcoins have made great moves due to this hype. One will not mind keeping a good look on the market to take advantage of their profit when the ETF get rejected because the market will go a bit down and it will have massive impact in altcoin price.

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November 09, 2023, 03:42:51 PM
 #18

At least someone looking at the possibility of the SEC rejecting ETF although with the ever growing news of it getting approve soon and even a fake report that it was approved I think it will be a huge surprise that it doesn’t get approved. But regardless of what happens I have not place any of my predictions on ETF saga, yes it’s approval will certainly causes a pump in price of bitcoin but it will only be on yeh basis of FOMO and as such I don’t see it lasting that long. But a disapproval will also causes a retract of the price, in face of this just hodl and if possible accumulate more then.

The real bull run will be caused by the bitcoin halving and as with ETF approval or not we will be in bull run come 2025 or late 2024 that’s where my predictions lies

It would not surprise me if the spot ETF approval does not materialize. It probably won't be a surprise for the markets either. Because the markets have bought the news and this has a big impact on the increases we have experienced. If the ETF approval is approved, contrary to your view, I think the crypto market will start a bull run and rockets may emerge at the halving. The bull market is looking for a spark and ETF approval could be it. With the news of ETF approval, I think that the bulls will continue to break the resistance in the market where the bears have difficulty in resistance.

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November 09, 2023, 03:47:17 PM
 #19

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
You are right about the idea of holding onto the BTC if the market goes up due to the approval of ETFs, and we should not fall greedy on small profits while we can make big ones, but about the other idea of you holding on to the BTC when the market will go down due to the rejection of these ETFs (which in my opinion will not happen, although delay could occur, rejection is not an option), as when the market is going down we should avoid holding and book our investment while we can so we can take entry again in the market at some good point to make more profit instead of regretting like those who bought at $50k and $60k 2 years ago and are holding onto their buying till now.

However, even if we wanted to book our capital or profit, we should try to do that in part because the market is currently making me a huge profit, and the first profit I book is $30,700. If I had booked all of my seed profit at that time, I might not have made the profit that I am making now.

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November 09, 2023, 03:49:09 PM
 #20

~Snip

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
There is no reason to panic for me personally, especially regarding bitcoin ETFs. Because as OP said, there is still a bullish market that we are ready to welcome together. Even if, for example, the bitcoin ETF is rejected, there will definitely be a decline in the price of bitcoin. However, don't panic and remain firm in holding onto the bitcoins we have, until our sales target is achieved.

So basically we as bitcoin investors have to remain calm and not be influenced by anything. Because after all, Bitcoin will always provide price surprises for investors, once every four years (Halving & Bullish market). Therefore, even if a bitcoin ETF is not approved, I believe bitcoin will reach its maximum price when the bull market arrives. Therefore, I agree with the OP's opinion, that at this time we must be strong in holding the bitcoin assets we own and must remember the initial intention of investing in bitcoin and must remember the desired price target. So that our mentality becomes stronger.

Because if fail halfway (selling bitcoin assets), I'm sure will most likely regret it later. Because if look at the positive side that usually occurs in the price of bitcoin, every time the price drops, there is a big possibility that the price will also rise again. Therefore, don't worry too much about the bitcoin ETF, though the bitcoin ETF will have an influence on the price of bitcoin. But we all have to be sure that bitcoin will remain strong in terms of price value, even if the bitcoin ETF is rejected.

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November 09, 2023, 04:00:43 PM
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 #21

Finally, last several minutes ago Bitcoin success touched most highest price in this year around $38k, its first time for bitcoin success raise to higher price in this years current last highest price several moths ago stuck around $32k. I don't think have any significant impact with rumor Bitcoin ETF approval or not depend have close with halving time is moment to invest and hold for investors. Looks excited when seeing Bitcoin have been on higher price and our portfolio keep increasing up day by day before close with halving and bitcoin will be more excited again.

keep hold bitcoin and never for selling early although looks promising with bitcoin movement price, I agree with OP opinion keep hold our bitcoin for more interested thing in few months later.

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November 09, 2023, 04:03:59 PM
 #22

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
Even if this happens, then so what? Will bitcoin cease to be bitcoin? Of course not. Bitcoin price fluctuates up and down even without these news and events. Nothing radically new will happen. One more fall, one less. So what?

Personally, I have not thought at all what "will happen to Bitcoin price should all the ETF get rejected". This will not prevent from using the bitcoin as before.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
What would we do without your advice. Smiley
Those who are aiming for a long game run will not be scared by these possible falls.

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November 09, 2023, 04:24:34 PM
 #23

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
Bitcoin really needs to be maintained without any reason and without any rumors, because the sharp increase that has occurred like today has become quite accurate evidence that Bitcoin should not be thrown carelessly into the market. So maintaining it is quite feasible, especially with the price development which is quite positive like now and I think the people who sold it first would definitely be crying if they had seen a big increase like today.

Quote
There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
There is no reason to panic as long as what we hold is Bitcoin, because Bitcoin is always good to hold as long as possible and without any reason. Moreover, many people already know that Bitcoin is good enough to be held in the long term as a good investment in each of our lives, but this must also be understood by those who have just gotten to know Bitcoin and like it, so that they also don't easily panicked when he found out about this.

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adultcrypto (OP)
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November 09, 2023, 04:28:30 PM
 #24

I'm sure many are feeling good about the gains made by Bitcoin recently, but I think that holding Bitcoin no matter what is not a great strategy. If someone invested a long time ago, the current price might be good for that person to sell.
I think it depends mainly on your reason for holding. If your reason for holding was to see some profits, then selling now will be mission accomplished. But if you are a natural holder that do not sell except only on needs, then this little gains is nothing compared to what Bitcoin can do in coming years. I do not even consider it a wise decision selling now when we still have many great events, that will make price triple or do more, in the future. We are just at the beginning of a major bullish market, although it has not been confirmed yet.


Or, maybe a person wants to keep hodling but sell just a bit to enjoy the profits made due to recent gains. I think it's totally fine, and it is important to actually benefit from the profits once in a while.
I understand what you mean and a lot of people do that sometimes. There is nothing wrong with selling but it should be done in an organized and planned way so that it aligns with your aims of holding.

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November 09, 2023, 04:30:07 PM
 #25

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I agree with you that bitcoin could go up even without an ETF, but it should not be denied that what is happening is not related to the ETFs. The market is very bullish on ETFs and what is happening is the impact of news related to ETFs. Certainly, bitcoin will still recover and increase in price without ETFs, but if the SEC rejects ETFs again, you will see the bitcoin plummet immediately. We should continue to hold bitcoin no matter what happens but don't think that bitcoin will be unaffected by this news.
I have no reason to give up on bitcoin even though the ETF is rejected, because bitcoin's growth cannot be stopped at this time plus we are almost approaching the bitcoin halving of course the price will continue to increase.

Only people who don't fully understand bitcoin experience panic and even have doubts about bitcoin. For me, the SEC and ETF are also people who really like to create drama, from physical wars to digital wars. Rest assured, bitcoin will still skyrocket and nothing can stop it.
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November 09, 2023, 04:34:19 PM
 #26

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
Bitcoin must soar when the timing is right, regardless of whether the bitcoin ETF was approved or denied. It is a wonderful feeling to see bitcoin soar and surpass $37,500 in a single day, but it is unlikely that many investors will sell at that level. Before they sell their bitcoin holdings, many people are merely waiting for the price to rise past $100,000.

As I have said, it is a wonderful feeling to see the price of bitcoin increase, but I am looking forward to the year 2025 when it will go much higher.

R


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November 09, 2023, 04:38:49 PM
 #27

We are humans, we have many Options to do things better, and one of them is to have bitcoin to do the things that need to be done Better for our future , sometimes we can have many problems, but unless it is something as urgent as a emergency of Life or Death, or something that has to do with health, because I would not recommend that you Spend that money, I am aware of the things that one as a human can have in a moment, such as spending all the time Looking for the best things for us , for our family, but if we could bear it all or if we Could , it would be the best thing we Could do.


R


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November 09, 2023, 05:22:29 PM
 #28

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin. 
It is true that the market is sometimes temporarily affected by various FUDs and FOMOs, but if we look at the long-term, these effects never sustain especially for the Bitcoin. If these things were the case for an altcoin, the scenario might be different. So I think we bitcoin holders don't need to worry too much about this EFT effect and what will happen to bitcoin in the future.
The issues of this sudden pumping of Bitcoin have been able to have more effect on their emotions in the early days but now these scenarios seem normal to me. So I think that without panicking about these, stick to the strategy that has been adopted for the long run. Bitcoin halving is very close with only around 160 days left. Hopefully by 2025 we will see our desired real bull run. So for now I think these are bull-traps

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November 09, 2023, 05:48:15 PM
 #29

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
The jump in Bitcoin price is due to Bitcoin ETF rumours. The approval of the Bitcoin ETF can be seen in 10 to 12 days, and there is also a possibility that if the Bitcoin EFT approval date is fixed, which according to experienced analysts will be in January, then within these few days we will see a positive change in the price of Bitcoin. Jump can be seen.
 
But you said, What will happen to the Bitcoin price if the Bitcoin ETF gets rejected? So, the rejection is not appropriate to say. However, it would be appropriate to say that if the approval of the ETF is delayed, it can have a significant impact on the price of Bitcoin.
So let's explain more about it if the Bitcoin ETF approval date isn't set to be fixed in the upcoming weeks. So the current price gain we can see in the dump is because whales can monitor people and change market sentiment suddenly. One is due to the panic over the Bitcoin ETF approval delay, and the other is due to the liquidation of whales, which can dump the market.

So don't be afraid to hold your investment because it may be dumped for some time, the remaining halving is near, and you will see the price rise again.

Any way this is speculation, do your own research.

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November 09, 2023, 06:11:50 PM
 #30

Never had any thoughts about giving up on Bitcoin. If bad things happen I'll be glad to buy more. Because the future is bright and I know it.
You are full of optimism and good vibes. We should have your mindset even if the market is going up or not, because if it is going up, we should hold, and if it is going down, we should also hold. Those with this mindset are long-term holders, and they do have another fiat in their holdings as emergency funds that they have kept save to invest when the unexpected happens, like downtrends.

You must have a good strategy for how to manage funds in different cases, like when the market is going up or down. We all should have some plans to manage the risk so we can gain more profit.

But those who don't have plans to hold for a longer period of time should not hold when the price is going down; instead, they should exit the market as soon as possible because they might buy more shares if they exit the market at some $50k price, dropping from the $70k price.

Doing that can save them huge money to take an entry again.

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November 09, 2023, 06:15:36 PM
 #31

How was the price before the ETF news started trending? Bitcoin was surviving and the price was doing well even with all the attacks from the fed and other bitcoin haters, so if the ETF application is rejected, the price, which was being a little promoted by the news, will just drop a little, which might continue for some time, and after that, we will experience our normal bitcoin price movement.
 
Let's not also forget that the halving is around the corner, which is another great bitcoin event that also triggers a price pump in the market, so bitcoin ETF being accepted will bring about massive adoption. There is no doubt that it also being rejected won't have much effect on the market; the market will always survive on its own.
 
And those who are so concerned about the ETF application and price pump are those I believe are in for fast profit and want to take advantage of every price pump and dump, and such news will affect their trading.

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November 09, 2023, 06:32:46 PM
 #32

The real bull run will be caused by the bitcoin halving and as with ETF approval or not we will be in bull run come 2025 or late 2024 that’s where my predictions lies
Nothing is stopping the bull run from happening as predicted. Even if today we hear that the Bitcoin ETF has been rejected I believe it is already too late to have any significant effect or impact on the market and price of Bitcoin. A lot of persons are already adopting bitcoin as well as institutions regardless off the Bitcoin ETF approval. There for what should be on our minds is how do I accumulate more bitcoin before the halving.

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goinmerry
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November 09, 2023, 06:37:47 PM
 #33

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

Got the point there but generally, that statement is only applicable to those who really have that eagerness to just sit and idle their bitcoins for the long term and not to those who day person who regularly do trades or those called day traders.

Any news, even how small or big news is, it plays a big role in the decision-making of these day traders.

Of course, if the plan is to just hold no matter what, then any news is being ignored.
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November 09, 2023, 07:00:36 PM
 #34

I definitely will hold on to it, as they say, Bitcoin will change you more than you will change Bitcoin

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November 09, 2023, 09:00:43 PM
 #35

Plebs get too excited when little pumps happen, but not everyone in the space does, unless maybe it has been confirmed that it's actually a bull market when most investors are preparing to sell, and if it's not a bull market, some investors keep hold of their assets and wait for the actual bull market. Whether the ETF is approved or not, Bitcoin has been waxing strong in the past year, and it's not going to be affected by the ETF. Ok, let's assume the price surge is high due to the approval of the ETF, it have to even jump further than people expect it to do because, on a normal note, the price will still be high during the bull market that is coming without the ETF.

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November 10, 2023, 12:13:21 AM
 #36

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

In the past 3 months Bitcoin price has been making investors smile since the price left $25k to the current price $36k, and I feel it would be very hard to even let go (Bitcoin) with the positive movement of Bitcoin price, nobody is ready to let go at the moment. I don't think even if the ETF is rejected that many would let go off their coin, many would panic but it won't be that easy to just let go.

R


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November 10, 2023, 03:02:15 AM
 #37

The real bull run will be caused by the bitcoin halving and as with ETF approval or not we will be in bull run come 2025 or late 2024 that’s where my predictions lies
Nothing is stopping the bull run from happening as predicted. Even if today we hear that the Bitcoin ETF has been rejected I believe it is already too late to have any significant effect or impact on the market and price of Bitcoin. A lot of persons are already adopting bitcoin as well as institutions regardless off the Bitcoin ETF approval. There for what should be on our minds is how do I accumulate more bitcoin before the halving.

I like this better and I'm focusing on it rather than worrying too much about the news or short-term fluctuations. I do not want to deny the role of ETF in market growth, it will have a very strong and positive impact if approved. But what does it mean if we don't have too much bitcoin on hand? So instead of spending too much time watching whether the SEC will approve ETFs or not, I spend my time working and accumulating bitcoin. We should focus on long-term goals rather than short-term goals.

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November 10, 2023, 10:04:20 AM
 #38

Certainly, decisions regarding ETFs & SEC will indeed have an impact, and I also understand that some investors are here primarily because of ETFs BTC However, apart from those investors, there are also those who got in because of the halving, and others who are sticking around because they see a bright future for Bitcoin. I believe everyone has their own reasons for holding Bitcoin, and making a decision to HODL in the long run isn't wrong as long as potential gains can be secured in the future. It's important to reinforce our confidence every day, as, until now, BTC has been highly fluctuating, especially in its daily candlesticks.

I personally see better long term opportunities for Bitcoin... while I'm not going all in, I can at least be more resolute in HODLING the BTC assets I currently own... imo, ETFs are interesting, but the halving is even more intriguing.
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November 10, 2023, 10:15:57 AM
 #39

I definitely will hold on to it, as they say, Bitcoin will change you more than you will change Bitcoin
And that change can be for better or for worse so watch out because people don't know if what change is happening to them is a good one or a bad one because they don't see anything wrong with so little self-awareness is the key, don't let bitcoin run your whole world as it's not the only beauty there is in the world. We also have to remember that while we are hodling bitcoin, it's also our duty to be smart as to when we are going to let go because there should be a time where you're going to need to take a profit from what you're hodling so set a price that you will be selling all that you're hodling, it don't matter how ridiculous that number is but you must adhere to that if it ever materializes, don't marry the bag.



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November 10, 2023, 10:25:25 AM
 #40

While the Bitcoin ETF is a hot topic, its important to realise that Bitcoin's worth and possibilities extend beyond this event. The whole picture counts. Bitcoin is popular due to its decentralised structure and limited supply, regardless of market swings or financial instruments like ETFs.

If we dig deeper, the ETF rejection could just a hiccup in Bitcoin's trajectory. Bitcoin has historically thrived in uncertainty. Bitcoin is a technology, movement, and new way of thinking about finance and autonomy, not just an asset. Holders  understand this.

Its critical to comprehend Bitcoin's underlying ideas and long-term vision, but market dynamics and ETF approvals or rejections are also important. Your suggestion to hold on during tough times fits a long-term investment approach. Patience and a solid grasp of Bitcoin's fundamentals often pay off.

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November 10, 2023, 10:27:29 AM
 #41

Whether the Bitcoin ETF is rejected or not, the Bitcoin market will continue to grow and there will be more adopters than there are now. I'm sure of that. So it is very unfortunate if someone sells only for short-term profits, because Bitcoin is bigger and more than just ETFs, regulations, and whatever else. Bitcoin would have thrived without all that and I've seen it survive even when it crashed to its lowest point in 2019 and hit ATH in 2021.
Even though currently the price of Bitcoin has fallen by almost 50% from its ATH, this is only temporary, I believe that Bitcoin will print a new ATH in the next few years and we must prepare ourselves for this.

R


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November 10, 2023, 10:57:02 AM
 #42

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

Yes, people need to be excited, despite it just being a small pump in bitcoin,because there is much joy in someone seeing their investment grow. It is lovely to see the Bitcoin price going up as Bitcoin investors. The investors hardly care much about what is moving the Bitcoin price, but all they want is to see their investment grow.
 
It is undeniable to believe that it is not the news of the Bitcoin ETF that is getting close to approval that is pumping the price of Bitcoin currently, but all I know is that even without the news or any approval of the Bitcoin ETF, the price of Bitcoin will still rise when it is the right time, especially when it is the bull run period that we are expecting after next halving, and now the time for halving is now getting closer, which is a few months to go, and after we are expecting the price of Bitcoin to start moving higher after a few months that halving occurred.
 
Even bitcoin ETFs are rejected. I don't expect people to panic and start selling their Bitcoin because there is hope in the near future because of the next halving, and they have much proved that after each halving we are going to experience a bull run. So with that, I believe that people will hardly sell their Bitcoin investments, and they would like to experience that bull run that a lot of people are talking about and waiting for.

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November 10, 2023, 11:00:05 AM
 #43

Whether the Bitcoin ETF is rejected or not, the Bitcoin market will continue to grow and there will be more adopters than there are now. I'm sure of that. So it is very unfortunate if someone sells only for short-term profits, because Bitcoin is bigger and more than just ETFs, regulations, and whatever else. Bitcoin would have thrived without all that and I've seen it survive even when it crashed to its lowest point in 2019 and hit ATH in 2021.
Even though currently the price of Bitcoin has fallen by almost 50% from its ATH, this is only temporary, I believe that Bitcoin will print a new ATH in the next few years and we must prepare ourselves for this.

Although bitcoin can exist and grow even without ETFs and that has been proven in its 14 years of existence and development. But if we want bitcoin to become more popular and integrated into the world's broader financial markets, it can be said that ETFs are the key to that. You can look back at the history of gold and see how gold rose when gold ETFs were approved. And the reason why many large institutions and investment funds do not invest in bitcoin, and they just wait for the ETF to be approved before deciding to jump into the game. ETFs are not critical to bitcoin's survival, but their role in helping bitcoin achieve mass adoption cannot be underestimated.

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November 10, 2023, 01:44:03 PM
 #44

Whether someone will panic or not depends on how old or new they are in the market and how strong their knowledge is regarding the market and its movements. Someone who has joined the market recently and doesn't even have much knowledge about it or its history will undoubtedly panic if they see the market declining right after they make some purchases because they will start thinking that they will lose their money once they see the value of their portfolio dropping constantly.

So, there will always be some people who would panic when they see the market going down, some of them might sell their assets but some might still hold after panicking just because they don't want to incur losses. Only people with a strong belief in Bitcoin and the market will keep holding since they know it's just a correction.

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November 10, 2023, 02:08:16 PM
 #45

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
Maybe there is a point in keeping your Bitcoin, I think that is advice and a moment that every individual must instill, for those who have Bitcoin and bought it 1 year ago, whatever happens, having principles is something good in the future.

Whatever the news about Bitcoin ETFs at the moment, that is not a reason for users to panic, for me there are other things that should be considered when holding Bitcoin at this time, we don't know what will happen next, what is certain is that I am sure whoever keeps Bitcoin going forward, they will be the ones who win.

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November 10, 2023, 02:47:12 PM
 #46

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I agree with you that bitcoin could go up even without an ETF, but it should not be denied that what is happening is not related to the ETFs. The market is very bullish on ETFs and what is happening is the impact of news related to ETFs. Certainly, bitcoin will still recover and increase in price without ETFs, but if the SEC rejects ETFs again, you will see the bitcoin plummet immediately. We should continue to hold bitcoin no matter what happens but don't think that bitcoin will be unaffected by this news.
I have no reason to give up on bitcoin even though the ETF is rejected, because bitcoin's growth cannot be stopped at this time plus we are almost approaching the bitcoin halving of course the price will continue to increase.

Only people who don't fully understand bitcoin experience panic and even have doubts about bitcoin. For me, the SEC and ETF are also people who really like to create drama, from physical wars to digital wars. Rest assured, bitcoin will still skyrocket and nothing can stop it.

Nothing can stop the growth of bitcoin in the long term, but in the short term we should not deny that the Fed, SEC, interest rates , or ETFs will not affect bitcoin, that is not true. Bitcoin is also part of the world economy and those people are the ones who control this economy so they will also have an impact on bitcoin .
I don't know if the ETF is important for bitcoin, or whether it will have a positive or negative impact on bitcoin. But one thing I'm pretty sure of is that ETF are inevitable whether we like them or not.

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November 10, 2023, 02:48:04 PM
 #47

Whether the Bitcoin ETF is rejected or not, the Bitcoin market will continue to grow and there will be more adopters than there are now. I'm sure of that. So it is very unfortunate if someone sells only for short-term profits, because Bitcoin is bigger and more than just ETFs, regulations, and whatever else. Bitcoin would have thrived without all that and I've seen it survive even when it crashed to its lowest point in 2019 and hit ATH in 2021.
Even though currently the price of Bitcoin has fallen by almost 50% from its ATH, this is only temporary, I believe that Bitcoin will print a new ATH in the next few years and we must prepare ourselves for this.
Whether Bitcoin ETFs are approved or not, Bitcoin is moving at its own pace. However, if the ETF was approved, its pace would have increased faster. I'm not worried about Bitcoin ETFs because there is a possibility of a halving next year and Bitcoin will go up. Meanwhile, the price of Bitcoin has also increased significantly and continues to do so. But this bull session will be somewhat disrupted if SEC will not  approve the ETF. Those who believe in Bitcoin will remain steadfast in their goals. So I think those who are long term holders are not dependent on any such news.

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November 10, 2023, 03:15:25 PM
 #48

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

In short, this is the advice that has been given since 2009:  fiat price volatility is pretty irrelevant, don't look at the price daily, come back in a few years and you'd have been happy.  The long term trend has been an increase in fiat price as more people recognize the value proposition in bitcoin. 
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November 10, 2023, 03:39:38 PM
 #49

Buy, hold, and sell, and vice versa --nothing has changed with this investment cycle.
Yes, whatever happens, despite the approval or disapproval of ETF, this won't affect the movement of Bitcoin as it pumps, dumps, and makes bullish without ETF. I hope this was very clear to everyone that the future of Bitcoin doesn't lie in ETF or in something that it give hype as it grows and is adopted by the community because of its profit potential.

That is why I don't care about ETFs nor bothered about them as I hold Bitcoin and wait for the bullish season to sell them.

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November 10, 2023, 05:38:17 PM
 #50

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

Whatever  that comes against Bitcoin  will fail.  Many have tested and failed. The one way you can fail with your Bitcoin is by leaving your Bitcoin in the custody of centralized exchanges.
Whatever has done research about Bitcoin will not panic you just have to ensure the security of your Bitcoin  is already safe and able to retrieve whenever needed.
Panic attacks are for users not in control of the Bitcoin holdinthry have. It will take a lot but you have to hold as a good Bitcoin  enthusiasts and maximalist.

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November 10, 2023, 10:37:26 PM
 #51

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
Last year, probably around this time, we had FTX bankrupt/scam, that could have been brought BTC at some very low levels but, to my surprise, we market held incredibly well: of course we went down but nothing compared to what I was expecting to happen. Now we're talking about the ETFs: if someone sells now could be making the worst mistake of his life. They don't get approved now? It'll be the next time. Just keep hodling guys.

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November 10, 2023, 10:53:01 PM
 #52

So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
No need to get panic about the market,  because whatever that maybe the challenge of the market is just their for temporary,  it is not  going to last long. Hodling is always the target and this must be achieved . No need to be panic about what we see in the market when the price is going down,  when it is down it won't continue to go down, thus just a case that happens fir the moment.  Keep holding and never be in panic to sell out of lose .
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November 10, 2023, 11:31:21 PM
 #53

Holding is the key, but for anyone who have earned some profit and there intention of buying is to make some profit the recent price increase in the market is the perfect time for one to take home some profit and still continue holding some why they watch the market, selling in some point to minimize lose is never a bad idea, providing that you don’t sell below your buying price.

And if the ETF is rejected which everyone knows that the chances for that is very small the price drop that will come with such news will be of advantage to many to use and fill off there wallet with some cheap bitcoin from panic sellers, every one is not strong enough to survive panic market those who can’t will sell and those who understand the market will buy.

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November 10, 2023, 11:58:24 PM
 #54

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
This piece of advice is most appropriate for newbies. For sure, a lot of us have been enjoying the positive price of bitcoin but I know, when bitcoin price suddenly drop again, newbies in the market will probably panic and may resort into early selling of their coins.

We should always remember that whatever the result of this bitcoin ETF, if it gets rejected, the negative effect will not stay permanently. Bitcoin may suddenly dump its price again and that's normal. But for sure it will recover easily especially that bitcoin halving is fast approaching, so we must hold on to our bitcoin and stay focused on our goal and that is to maximize our profits when bull run is set to happen.

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November 10, 2023, 11:59:29 PM
 #55

People get too excited about small pumps in the market, it brings the idea of the time to sell and make profit is at hand but, what becomes of you and the fiat or whatever coin/commodity your Bitcoin values is transferred into after you sell?
You might just miss out of all the other events, bear market inclusive, which will come playing out after that.
It cannot be denied that many people are very excited about the significant increase in Bitcoin in recent days. especially for short-term holders, maybe this is a good moment for them. But for us long-term holders/investors, actually an increase like this won't have that much of an impact. At least, for people who hope to exit in the bullish era, they will continue to hold Bitcoin tight. but there is still a smile when you see your portfolio has gone up quite well. And expectations to usher in a bullish era will probably be even higher.

But indeed, as you said, no one can predict the market 100%. Meanwhile, we have to be prepared for everything that might happen after this, there could be a market correction, right? So, stay calm and don't be too emotional when dealing with this crypto market to avoid panic.

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November 11, 2023, 12:57:54 AM
 #56

Yup, anyone thinking of selling now and taking out 2x of profit (if they were lucky enough to buy at $18k) is a fool and will be missing a major/big profit which we all will see happening in 2025.
I make sure to keep everyone in touch with my goal or target of Bitcoin i.e. $178k for November 2025. I am definitely sure Bitcoin will be able to achieve this target.

So, hold on to your Bitcoin as the OP said.
It's a pity if they sell now just because of the 2x profit after buying at $18K this is still too low to get the potential of bitcoin is much greater so as much as possible should remain resistant until next year or at least it has passed 2025 then it is estimated that the price is much higher above $100K.

I will not be stupid to sell now, but too complacent with the profits when this is not how, keep what I can, will not be tempted even if the price is above $50K as I said the price will be much higher.

Just hold on to your patience and practice that patience.

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November 11, 2023, 01:18:08 AM
 #57

I think this whole ETF excitement is overrated. SEC might need it but Bitcoin don't need this. When the market need a reason to go up and boom, there is ETF rumours. When the market need to go down boom, you see big exchanges to fall. Anyone can buy and store their own Bitcoin. There is no need for funds and asset management companies for this. If they come, it will be positive, but their absence doesn't create a deficiency for Bitcoin. The best thing you can do is to keep your own coins. If you trust Bitcoin, you already do this. The funds enable people who don't have sufficient knowledge or interest in coins to own them, that's all. It's an option, not a necessity.

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November 11, 2023, 02:08:25 AM
 #58

I would agree that if a bitcoin ETF does get shut down for some reason that the last thing everyone should be doing is going out and selling theirs.  This is of course called "panic selling" and is typically always the wrong idea for "investors".  It would seem to me that an ETF is now inevitable, so if it doesn't pass this coming round for whatever reason, it's only a matter of time until it does.

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November 11, 2023, 02:15:19 AM
 #59

Holding isn't new for the most of us and we have gone through a lot of hardships and dealt with so many bear markets. So what is with these ETFs getting rejected?

We do care if they get approved but so what if we don't see the result and confirmation that we want to hear? It won't stop us from holding because we will still hold despite with good or bad news that are happening to Bitcoin.

And on this time, when the halving is near, is there any reason to get disappointed and all of the sudden to panic sell? None.

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November 11, 2023, 04:07:10 AM
 #60

I would agree that if a bitcoin ETF does get shut down for some reason that the last thing everyone should be doing is going out and selling theirs.  This is of course called "panic selling" and is typically always the wrong idea for "investors".  It would seem to me that an ETF is now inevitable, so if it doesn't pass this coming round for whatever reason, it's only a matter of time until it does.

Indeed. Why is it a big deal now? For numerous times, the SEC has rejected spot Bitcoin ETF applications. As a matter of fact, they denied all of them. Have we panic sold our Bitcoin? Did Bitcoin stop reaching new ATHs? Of course, not.

Today's rejection means a new application tomorrow and so on until such point comes when one is finally approved. When that happens, the others will also be approved. In other words, it's always a matter of when.

There's no reason to lose hope. There's already a futures Bitcoin ETF in the US. There's already spot Bitcoin ETF in other countries. There's no reason why a spot Bitcoin ETF won't get into the US market.

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SquirrelJulietGarden
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November 11, 2023, 04:12:54 AM
 #61

Indeed. Why is it a big deal now? For numerous times, the SEC has rejected spot Bitcoin ETF applications. As a matter of fact, they denied all of them. Have we panic sold our Bitcoin? Did Bitcoin stop reaching new ATHs? Of course, not.

Today's rejection means a new application tomorrow and so on until such point comes when one is finally approved. When that happens, the others will also be approved. In other words, it's always a matter of when.

There's no reason to lose hope. There's already a futures Bitcoin ETF in the US. There's already spot Bitcoin ETF in other countries. There's no reason why a spot Bitcoin ETF won't get into the US market.
It is big news if a first Bitcoin Spot ETF is approved in USA after many times of rejection. After having a Bitcoin Futures ETF in USA. people must be realistic to think that there will be a Bitcoin Spot ETF in USA. When, is only a matter of time!

There are more things are building to help Bitcoin becomes better in technology that is a root cause to bring it to more people. Investors through Bitcoin Spot ETFs are not regular users on Bitcoin on-chain network. They only bring money, capital in Bitcoin market but capital can be in and out, it does not stay in this market forever.

But if Bitcoin has a solid adoption growth, it will have a bigger market and value, price will increase organically, not with short term FOMO like with Bitcoin Spot ETF news.

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November 11, 2023, 05:07:15 AM
 #62

Whats happening in the price of bitcoin right now is what make some of the investors to encourage other people to hold bitcoin for long time not altcoins because altcoins can lose potential at any time, so it good for someone to make sure that you have hold a coin that is reliable and have a good reputation, so right now people who buy bitcoin at of the time it was a seventeen thousand and when it was at twenty thousand have make a profit because bitcoin price is in twenty seven thousand in price, their is more advantages of holding bitcoin, so it's good to hold bitcoin for long term

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November 11, 2023, 12:41:40 PM
 #63

The increase in the price of bitcoin is a good encouragement for holders, but telling a person that whatever happens he or she should continue holding doesn't sound well to me, people can only hold and forget when they have another source of income, have you consider in terms of health, what if a particular holder is sick and there is no alternative to get fund for his or her treatment, will you expect such a person to continue holding, I think the answer is a very big no, holding bitcoin is not a bad idea but it must be done in the right way, let make it clear, am not discouraging anyone from making their personal decision.

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November 11, 2023, 03:26:35 PM
Merited by Salahmu (2)
 #64

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

The successful of Bitcoin ETF simply means more institutional investors will be attracted to the market as that's how they enter into a market through EFT. Not everyone's wants to go throw the process of buying Bitcoin before they can Invest into Bitcoin and Bitcoin ETF solves that problem so while ETF is getting rejected or approved, none of that should concern you because the success of Bitcoin isn't tied to the success of Bitcoin ETF. Bitcoin will keep surviving with or without them.

The increase in the price of Bitcoin should give us an idea what we're to expect when the bull market starts officially after Bitcoin halving. There won't be time to try to catch the market as everything will happens very quick so buying while the price is still at this low is the best steps to take so you don't be among those rejecting not investing into Bitcoin while the price was low. While you Invest also remember to store your Bitcoin securely in an open source hardware wallet or non custodial wallets like electrum but on an airgapped device.

As an investor you don't have to be concerned about how the market is moving as you'll be playing the long term game and profit when the price of Bitcoin is at a new ATH. Ignore the negative news surrounding the market and keep on Hodling

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November 11, 2023, 03:54:32 PM
 #65

Whats happening in the price of bitcoin right now is what make some of the investors to encourage other people to hold bitcoin for long time not altcoins because altcoins can lose potential at any time, so it good for someone to make sure that you have hold a coin that is reliable and have a good reputation, so right now people who buy bitcoin at of the time it was a seventeen thousand and when it was at twenty thousand have make a profit because bitcoin price is in twenty seven thousand in price, their is more advantages of holding bitcoin, so it's good to hold bitcoin for long term

Correct. Bitcoin is experiencing rapid growth, this is the right moment to invest. While Bitcoin, in particular, has the transformative potential to significantly change a person's financial condition, altcoins have no reputation and could lose that potential at any time. Bitcoin's extraordinary reputation certainly leaves me at a loss for words.

The direction will continue to rise, in accordance with the fall of the world economy and whether the ETF is approved or rejected will have no effect at all. Developed countries' debts are piling up, many of them will shift their assets to Bitcoin.

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November 11, 2023, 04:12:36 PM
 #66

Correct. Bitcoin is experiencing rapid growth, this is the right moment to invest. While Bitcoin, in particular, has the transformative potential to significantly change a person's financial condition, altcoins have no reputation and could lose that potential at any time. Bitcoin's extraordinary reputation certainly leaves me at a loss for words.
Why are you at a loss for words when you see Bitcoin's extraordinary reputation? Isn't that much better and makes everyone who already believes in Bitcoin prouder when new people ask you or the people around you about Bitcoin? I was actually quite happy when I saw the price increase that occurred this month in Bitcoin so this has encouraged me to focus more on Bitcoin and forget about any altcoins now even though altcoins have also increased their prices at this time.

Quote
The direction will continue to rise, in accordance with the fall of the world economy and whether the ETF is approved or rejected will have no effect at all. Developed countries' debts are piling up, many of them will shift their assets to Bitcoin.
Can you name which countries whose top officials have transferred their assets to Bitcoin? Because this needs to be known now so that there is greater enthusiasm and confidence among everyone in Bitcoin, especially next year there will also be a valuable moment in Bitcoin which might encourage more people to continue buying Bitcoin before a bigger increase occurs.

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November 11, 2023, 06:37:52 PM
 #67

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETFs get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
People are too short-sighted they want anything in minutes but the investment is something else. In holding you are to be very calm and show patience. The market is too volatile and everything will be happening at every time, of course, some whales set aside and spread rumors and also change the market position Sometimes they move the market up, and sometimes they move it to the downside so that the small traders will be panic and sell their BTC to save them self from further loss but what you can do and how you will protect from this. The best one is to be not afraid first and then stay calm and hold for the time when you are satisfied and giving you profit then you will sell if you need or otherwise you can hold it for some more time until bull run reach.
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November 11, 2023, 07:11:17 PM
 #68

When I read the name of the thread I expected something else. I thought OP was trying to warn us that if bitcoin's price explodes because of the ETF news, it just means the institutions will come at us harder than ever, so caution is advised. You don't want to give them your bitcoin cheap. IMO we should hold when ETF is approved because those that buy do it knowing they can make a lot of profit with it. If the price goes back to 60k and you sell, be prepared to face the fact that you're being offered scraps for what you owe. If they're buying at 60 or 70, they expect to sell at 100+, so don't be a fool and don't dump what you've been collecting for years just because someone offers you 50% more for it.

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November 11, 2023, 07:35:58 PM
 #69

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I think if you are an amateur in the crypto space then panic would be your action because someone who has known and is confident of the process would know that Bitcoin has continued repeating this trend over and over and this time bull run won't be any different because we are definitely going to experience a new ATH so the best you can do is just keep HODLing and accumulating.
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November 11, 2023, 07:38:44 PM
 #70

The increase in the price of bitcoin is a good encouragement for holders, but telling a person that whatever happens he or she should continue holding doesn't sound well to me, people can only hold and forget when they have another source of income, have you consider in terms of health, what if a particular holder is sick and there is no alternative to get fund for his or her treatment, will you expect such a person to continue holding, I think the answer is a very big no, holding bitcoin is not a bad idea but it must be done in the right way, let make it clear, am not discouraging anyone from making their personal decision.
It is nearly the same idea that if you look at any investment if it works out, you will be encouraged. The same is true with Bitcoin; if you have ever seen a profit, you will always want to hold. The fact is, regardless of their situation, those who are serious about Bitcoin would have heard of others' successes, so investors should take note of the fact that having a second source of income makes things easier. The points you raised since, in times of difficulty, an investor ought to be able to rely on their income. It is not good to rely solely on the invested funds.

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November 12, 2023, 12:40:56 PM
 #71

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
No and we should understand that bitcoin does not have a big impact in the long term just because of news from ETFs alone. I have never followed the rumors about ETFs very closely and I also never wanted to believe that this relationship could affect Bitcoin in the long term. If we are one of the long-term holders holding and buying bitcoin are two things we need to increase compared to considering ETF rumors.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.  
If you look at previous bull runs and maybe there will always be some event that can lead Bitcoin to experience a bad period in the market or vice versa. But the bitcoin cycle can always adjust to market uncertainty and when that moment occurs bitcoin will definitely experience a significant increase. Don't panic and remain calm is the key to success in investing in bitcoin and this is what anyone must believe when they are a strong investor in bitcoin.

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November 12, 2023, 01:00:23 PM
 #72

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
We will encounter Bitcoin halving even without a Bitcoin ETF. Although right now everyone is focused on when a spot Bitcoin ETF will be approved or whether it will be rejected. Everyone seems to be currently busy with speculation about this. But what is certain is that Bitcoin is indeed heading towards a halving and market sentiment towards this once every 4 years event will always be lively. So the increase seems likely to continue. And speaking of Bitcoin Spot ETFs it may only be a matter of time until all applications are accepted. And I agree that being accepted or rejected by the Spot Bitcoin ETF should not make us make a decision to release or hold the Bitcoin that we have collected. Because we've even been collecting bitcoin since before there was news about a Spot Bitcoin ETF yet to be filed. So go back to our original intentions and remember our long-term goals.

R


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Blitzboy
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November 12, 2023, 01:51:30 PM
 #73

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETFs get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
People are too short-sighted they want anything in minutes but the investment is something else. In holding you are to be very calm and show patience. The market is too volatile and everything will be happening at every time, of course, some whales set aside and spread rumors and also change the market position Sometimes they move the market up, and sometimes they move it to the downside so that the small traders will be panic and sell their BTC to save them self from further loss but what you can do and how you will protect from this. The best one is to be not afraid first and then stay calm and hold for the time when you are satisfied and giving you profit then you will sell if you need or otherwise you can hold it for some more time until bull run reach.
Your perspective illuminates a critical market dynamic: patience versus panic. Isnt it fascinating how elements like 'whales' cause market volatility and create a chaotic yet patterned environment? Trading psychology must be examined here. People panic—why? Definitely loss phobia. Is it also market trend ignorance? As you say, patience is a virtue and a strategy. Holding assets during market changes demands serenity and market knowledge. This is cultivated how? Education, perhaps? Continuous market trend and historical analytical learning may be crucial. Its strange how emotions influence market movements while we seek rationality. The balance between emotional response and rational approach is tricky, right? It seems sense to hold until satisfaction and profit are attained, but does this not rely on financial goals and risk appetites? No two investors' journeys are alike, shaped by their experiences.

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November 12, 2023, 02:16:01 PM
 #74

I would agree that if a bitcoin ETF does get shut down for some reason that the last thing everyone should be doing is going out and selling theirs.  This is of course called "panic selling" and is typically always the wrong idea for "investors".  It would seem to me that an ETF is now inevitable, so if it doesn't pass this coming round for whatever reason, it's only a matter of time until it does.
If people will really sell their bitcoin just because the ETF(s) didn't get approved then it means the market is not as mature as I thought. Bitcoin doesn't need the ETFs, of course it's a great way to bring more money into the market but just like we made until this point without the need of any ETF, things won't change in the future, bitcoin is bigger than all that institutional stuff.

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November 12, 2023, 02:20:37 PM
 #75

Your perspective illuminates a critical market dynamic: patience versus panic. Isnt it fascinating how elements like 'whales' cause market volatility and create a chaotic yet patterned environment? Trading psychology must be examined here. People panic—why? Definitely loss phobia. Is it also market trend ignorance? As you say, patience is a virtue and a strategy. Holding assets during market changes demands serenity and market knowledge. This is cultivated how? Education, perhaps? Continuous market trend and historical analytical learning may be crucial. Its strange how emotions influence market movements while we seek rationality. The balance between emotional response and rational approach is tricky, right? It seems sense to hold until satisfaction and profit are attained, but does this not rely on financial goals and risk appetites? No two investors' journeys are alike, shaped by their experiences.
  Bitcoin is like Digital Gold it's limited and as long as time passes by it makes it more precious. You can hold it as long as you want it will remain precious. HOLD for as long as you can. The price of Bitcoin of keeps on rising as the years go by. The market is bullish now so you can expect the price to increase more. It is up to you when to sell your Bitcoin through exchanges like Binance, Primexbt, Kraken etc… if ever. Bitcoin should be looked at with long term in mind as it plays the long term game.
   In my not-so-expert opinion holding on to cryptocurrencies such as Bitcoin, Ethereum and etc. is never really risk too great because these are the two most established cryptocurrencies on the market. They are guaranteed to retain a certain price even in times of high volatility, as well as looking at all the previous data they are always guaranteed to return to new highs after a bear market. So, the best option for anyone who owns Bitcoin they should hold on to their assets as they will return to new highs. But at the same time, if you are in need of immediate cash, you should not hesitate to liquidate your bitcoin as there is no clear indication of when it will spike again for the moment now it will continue declining. And you can always buy bitcoin again in the current market at a very low price and just wait for it to spike up again.
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November 12, 2023, 02:40:12 PM
 #76

There is no reason to panic as long as what we hold is Bitcoin, because Bitcoin is always good to hold as long as possible and without any reason. Moreover, many people already know that Bitcoin is good enough to be held in the long term as a good investment in each of our lives, but this must also be understood by those who have just gotten to know Bitcoin and like it, so that they also don't easily panicked when he found out about this.

On the one hand, in this case, maybe you are right and that is the real choice that must be made to get maximum results. Yes. BTC is a good investment and has been proven after the last hard downturn. At the moment, I think the expensive condition of gas also influences a person's enthusiasm to postpone carrying out transactions to sell their BTC assets.

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November 12, 2023, 03:22:18 PM
 #77

There is no reason to panic as long as what we hold is Bitcoin, because Bitcoin is always good to hold as long as possible and without any reason. Moreover, many people already know that Bitcoin is good enough to be held in the long term as a good investment in each of our lives, but this must also be understood by those who have just gotten to know Bitcoin and like it, so that they also don't easily panicked when he found out about this.

On the one hand, in this case, maybe you are right and that is the real choice that must be made to get maximum results. Yes. BTC is a good investment and has been proven after the last hard downturn. At the moment, I think the expensive condition of gas also influences a person's enthusiasm to postpone carrying out transactions to sell their BTC assets.

Not only the recent downturn but let's look back at the 14 years of bitcoin's existence, it has achieved many great achievements that no asset in history has been able to do.  although all of that is not enough to say that bitcoin is the best investment, it is worth trusting and holding for the long term. 
furthermore, if we are investing money that we can afford to lose and are willing to take risks for big rewards then there is no reason to be afraid.  halving is approaching, a bull season is ahead, if we can overcome last year's downturn then there is no reason to give up now.

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November 12, 2023, 03:32:08 PM
 #78

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

The successful of Bitcoin ETF simply means more institutional investors will be attracted to the market as that's how they enter into a market through EFT. Not everyone's wants to go throw the process of buying Bitcoin before they can Invest into Bitcoin and Bitcoin ETF solves that problem so while ETF is getting rejected or approved, none of that should concern you because the success of Bitcoin isn't tied to the success of Bitcoin ETF. Bitcoin will keep surviving with or without them.

The increase in the price of Bitcoin should give us an idea what we're to expect when the bull market starts officially after Bitcoin halving. There won't be time to try to catch the market as everything will happens very quick so buying while the price is still at this low is the best steps to take so you don't be among those rejecting not investing into Bitcoin while the price was low. While you Invest also remember to store your Bitcoin securely in an open source hardware wallet or non custodial wallets like electrum but on an airgapped device.

As an investor you don't have to be concerned about how the market is moving as you'll be playing the long term game and profit when the price of Bitcoin is at a new ATH. Ignore the negative news surrounding the market and keep on Hodling
These are some great points here. Bitcoin doesn't necessarily need ETF approval; it'll survive without it. Yes, it'll certainly boost its price if it is approved (and probably its anticipation has already caused a spike in price); there's no doubt about that, because, as you said, it'll open up more platforms and will be available to major investment brokers. However, if it's rejected, it won't be the end of the world. Bitcoin was doing just fine all these years without it; it'll be okay. Certainly, these unpleasant news will have a negative effect on the market and probably cause a crash, but ultimately, it'll recover, as the halving cycle is coming soon enough.

If you're aiming for short-term profit, it's normal to worry whether Bitcoin becomes ETF approved or not, but if you're looking long-term, over two, three years, or maybe more, it shouldn't affect you much.

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November 12, 2023, 03:36:42 PM
 #79

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

The title is really good for the content to motivate everyone to hold. I agree on this because I believe on Bitcoin long term growth and not because of the recent bullish. I’ve been doing DCA since 15K dip then sold at 30K then buy back at 25K then hold until now.

I knew that my statement might contradict itself but my goal is to increase my Bitcoin holdings as much as possible through doing small trading when there’s a clear price boundary established. Right now I’m still holding until Bitcoin creat another boundary when new resistance hit probably on 40k and support to 35k.

.
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November 12, 2023, 03:39:32 PM
 #80

There is no reason to panic as long as what we hold is Bitcoin, because Bitcoin is always good to hold as long as possible and without any reason. Moreover, many people already know that Bitcoin is good enough to be held in the long term as a good investment in each of our lives, but this must also be understood by those who have just gotten to know Bitcoin and like it, so that they also don't easily panicked when he found out about this.

On the one hand, in this case, maybe you are right and that is the real choice that must be made to get maximum results. Yes. BTC is a good investment and has been proven after the last hard downturn. At the moment, I think the expensive condition of gas also influences a person's enthusiasm to postpone carrying out transactions to sell their BTC assets.

The state of mempool is really one factor why we really need to postponed our transactions because the fees are very high. However, there could be some members who are into a emergency or even who rely on his bitcoin to survived and so he has not choice, despite the high fees to withdraw unless he can just borrowed money from someone else and then pay later when the mempool is back to normal and so he can withdraw.

But definitely, holding is one of the best strategy for us. And I think for my case, the pandemic really make me HODL, and help me understand what accumulating is. So I just continue doing that in this bear market, buy save to in my wallet and sell it in small percentage when we are in a bull run.
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November 12, 2023, 04:39:12 PM
 #81

Whenever the price of Bitcoin pumps, there's always a story to tell and this keeps the community excited. So whether the recent price surge is connected to spot ETF application that's about getting greenlight, I care less. If it gets approved or not, I still care less. It's only weak hands that would rush and offload their Bitcoin, but why rush when you can actually make four or five times of your investment during the bull season? Keep HODLing, HODLing is rewarding.
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November 12, 2023, 04:48:48 PM
 #82

Holding BTC no matter what
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November 12, 2023, 05:19:36 PM
 #83

It is nearly the same idea that if you look at any investment if it works out, you will be encouraged. The same is true with Bitcoin; if you have ever seen a profit, you will always want to hold. The fact is, regardless of their situation, those who are serious about Bitcoin would have heard of others' successes, so investors should take note of the fact that having a second source of income makes things easier.

What you say is true, but one does not actually need to see Bitcoin generate profits before they should take it seriously and begin to invest in it. Bitcoin has a price history and past chart, which anyone who is not yet convinced of can quickly take time and look through the price chart of Bitcoin right from when it was created and was not even sold for up to $1. Then they will appreciate the price they are seeing today. Bitcoin has had a past ATH where the price was almost $70k, and if you compare the ATH and the price of Bitcoin today, it's another reason to even buy now and hold because hopefully, in this coming Bitcoin halving and bull market, Bitcoin will surge more than the price we see now.

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November 12, 2023, 05:20:31 PM
 #84

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I mean it is for sure a good move if you're going to still hold your Bitcoin even at times when the market price continues to increase, for sure there is still a lot of room for the Bitcoin market price to skyrocket and this was probably just a good start. But I dont see anything wrong if some of the traders are going to take their profit at this point maybe a little more push there some can sell their investments for around 40k$ probably not all of their holdings only a small percentage of it since we are still expecting for it to increase realistically to over 100k$.

If we are just going to base it on the past Bitcoin halving this kind of pump always happened before the Bitcoin halving event we could expect it until the end of the year probably it is probably going to drop after a few months next year. So in my opinion it's a good time to sell some of your holdings so that we can easily buy back again after 1 year probably after the Bitcoin halving event. For sure there was no need to sell if your not interested in taking some profit and aiming for over 100k$ you could just hold it until 2025 or 2026.

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November 13, 2023, 11:19:51 AM
 #85

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

I mean it is for sure a good move if you're going to still hold your Bitcoin even at times when the market price continues to increase, for sure there is still a lot of room for the Bitcoin market price to skyrocket and this was probably just a good start. But I dont see anything wrong if some of the traders are going to take their profit at this point maybe a little more push there some can sell their investments for around 40k$ probably not all of their holdings only a small percentage of it since we are still expecting for it to increase realistically to over 100k$.

If we are just going to base it on the past Bitcoin halving this kind of pump always happened before the Bitcoin halving event we could expect it until the end of the year probably it is probably going to drop after a few months next year. So in my opinion it's a good time to sell some of your holdings so that we can easily buy back again after 1 year probably after the Bitcoin halving event. For sure there was no need to sell if your not interested in taking some profit and aiming for over 100k$ you could just hold it until 2025 or 2026.
Holding onto Bitcoin despite price hikes can be a good long-term strategy. Your decision to sell a tiny portion for $40k is reasonable profit-taking while keeping the overall picture in mind. It balances short-term gains with long-term optimism. Bitcoin is a technology that could revolutionize our financial institutions, yet we often overlook that. Value goes beyond market price swings.

As many expect, Bitcoin could hit $100k, therefore wouldnt early sellers lose a wonderful opportunity? Selling part now may produce quick advantages, but it may also entail forgoing larger future rewards. This investment conundrum is whether to take tiny, guaranteed rewards now or gamble for higher returns later. The choice depends on risk tolerance and Bitcoin's future.

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November 13, 2023, 12:39:09 PM
Merited by fillippone (1)
 #86

While the Bitcoin ETF is a hot topic, its important to realise that Bitcoin's worth and possibilities extend beyond this event. The whole picture counts. Bitcoin is popular due to its decentralised structure and limited supply, regardless of market swings or financial instruments like ETFs.

If we dig deeper, the ETF rejection could just a hiccup in Bitcoin's trajectory. Bitcoin has historically thrived in uncertainty. Bitcoin is a technology, movement, and new way of thinking about finance and autonomy, not just an asset. Holders  understand this.

Its critical to comprehend Bitcoin's underlying ideas and long-term vision, but market dynamics and ETF approvals or rejections are also important. Your suggestion to hold on during tough times fits a long-term investment approach. Patience and a solid grasp of Bitcoin's fundamentals often pay off.
You have a very sound understanding of Bitcoin and that I commend. It is quite unfortunate that over 80% of the Bitcoin community rarely see Bitcoin beyond the price and what can possibly make same to rice. Just few people are paying attention to the bigger picture; this is the reason the issue of Bitcoin ETF dominates, Bitcoin halving and Bitcoin discussion across the community.

It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.

R


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November 13, 2023, 12:58:13 PM
 #87

It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.

No one can be sure of that, not even you. I had such expectations, but I knew anything could happen. Indeed, in technical analysis, the curve shows almost the same movement and always repeats. In terms of supply and law supply, the development of the crypto industry, even adoption are all supportive. But I still believe that there is still a 1% chance that crypto could go to zero. So at least you have to stay alert. Nothing is certain in a crypto industry right now even though some countries have recognized crypto as a commodity.

R


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November 13, 2023, 01:10:16 PM
 #88

It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.

No one can be sure of that, not even you. I had such expectations, but I knew anything could happen. Indeed, in technical analysis, the curve shows almost the same movement and always repeats. In terms of supply and law supply, the development of the crypto industry, even adoption are all supportive. But I still believe that there is still a 1% chance that crypto could go to zero. So at least you have to stay alert. Nothing is certain in a crypto industry right now even though some countries have recognized crypto as a commodity.
Maybe you are few of the supposed Bitcoiner that do not believe that Bitcoin will continue to make progress. Maybe you believe Bitcoin will die someday. By the way, I hope you are not mistaking my statement for price prediction? Making progress could be in terms of adoption and penetration  such as we have seen in El Salvador and Central African Republic.

Anyone in this forum who does not believe that Bitcoin will continue to make progress might not really be a believer in Bitcoin and that is unfortunate. 

R


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November 13, 2023, 02:09:55 PM
 #89

If you see the price of bitcoin is declining, then the more that you are going to hold longer your bitcoin because that's the best option for you to still end up profitable and successful on your investment. No need to get distracted if ever bitcoin ETFs are not approved, bitcoin price may get affected temporarily but it will eventually recover in time. We don't hold bitcoin for its approval, but we are anticipating for the upcoming bull run, the reason why we need to keep holding our bitcoin no matter what.

And if for instance we don't hold bitcoin, then the more that we need to avoid hodling those pump and dump altcoins. Because if there's one coin that deserves long term hodling, most likely it would be Bitcoin and nothing else.

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November 13, 2023, 02:10:04 PM
 #90

Yes, in this case Bitcoin holders certainly don't need to panic and must remember their initial intention, namely investing in BTC for the long term, and indeed in the Bitcoin world there will be halvings and bull runs.

However, in reality, many people panic and sell their BTC when there is negative news, and in my opinion, in this case it is up to the person who does it because everyone has their own way of protecting their assets or managing risks so as not to suffer big losses.

In my opinion, news about Bitcoin ETFs is very influential, and you can of course see BTC price movements when there is positive news about BTC and negative news about BTC as in the past, namely news about Bitcoin ETFs.

and I don't think we will know the price of BTC during the bull run if for example there is always negative news about BTC.

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November 14, 2023, 01:41:24 AM
 #91

Holding onto Bitcoin sometimes can be very difficult as the market situation sometimes isn't helping, imagine holding unto your BTC when you have to attend to another investment with a better potential, you are faced with a tough decision to make. In some cases, the other investment has more potentials to pump in a short time. Holding can be very difficult.
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November 14, 2023, 02:47:07 AM
 #92

Yes. It is possible and a bull run can occur even without a Bitcoin ETF and just look at the price of BTC which has risen in the near future and has risen almost to a price of $37,300 even though there are rumors that the ETF will be approved by the SEC in early January 2024.

In reality, we have to balance various factors including convenience, security and transaction costs. Bitcoin ETF Just as The Worst Way to Buy Bitcoin in my opinion. So, take advantage of them if you like and Whatever happens, hold on to your Bitcoin like OP say.

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November 14, 2023, 03:27:19 AM
 #93

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
that would be sad if ever but for me ? I am not just relying about how the ETF will push the market grow instead there is still other ways that the support will increase
and those are the people around us that in the future may get into bitcoin investing and using, specially in our days now that big companies are engaging and considering crypto investing.
Quote
There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
correct, there have been Bull for how many times yet ETF does now bringing any contribution so yes we will still have a run even denial of ETF.

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November 14, 2023, 05:06:25 AM
 #94

We have seen a good movement in Bitcoin. From here the bull run will start or what can happen in the market, definitely the market can go in any direction. Bitcoin is standing in front of two important events, one is the Bitcoin Spot ETF whose approval date line is in the last week of January and the other is the Bitcoin Halving in April 2024. We will see many forms in the future market around this event. The rejection of the ETF may have a perspective on a necessary issue, as it may affect the price growth and trajectory of Bitcoin. Bitcoin ETF can be market defensive in preparation for approval deadlines and approvals, and can manage price to build it up. Be that as it may, Bitcoin does not effect any variation on these. Those who have or are investing in bitcoins should hold on to bitcoins so they can have a higher value in the future.

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November 14, 2023, 05:11:30 AM
 #95

Holding onto Bitcoin sometimes can be very difficult as the market situation sometimes isn't helping, imagine holding unto your BTC when you have to attend to another investment with a better potential, you are faced with a tough decision to make. In some cases, the other investment has more potentials to pump in a short time. Holding can be very difficult.
If you are very much concerned about the market you may not be focus about your bitcoin investment. You really need to understand that the bitcoin market is very volatile, you just need to invest and take your mind off, if you have a specific time you want profit from Bitcoin you may become disappointed.  You need to understand bitcoin market that it is volatile,  it goes up and come down and invest with the amount you won't be in need of it at a short time. People always find it difficult to invest in bitcoin when they expect so much from bitcoin so very fast.  Understand the market of bitcoin,  I don't think you will be having challenge of hodling Bitcoin.
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November 14, 2023, 05:19:38 AM
 #96

Well, if the SEC denies the application for a Bitcoin ETF, nothing significant will happen.. because those companies will just review their applications and apply again or they will opt to invest in Bitcoin directly.

We also have the Bitcoin Halving that will also help to boost the demand and also the price of bitcoins. The conflict in the Middle East will also increase the demand for bitcoins, because investors are dumping money into investments that are seen as something with a store of value.

Just calm down..... What will be, will be.... Que Sera, Sera!

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November 14, 2023, 06:26:12 AM
 #97

Well, if the SEC denies the application for a Bitcoin ETF, nothing significant will happen.. because those companies will just review their applications and apply again or they will opt to invest in Bitcoin directly.
Bitcoin Spot ETF applications don't appear in this year 2023 but it was applied many times in the past years. If this year, next year, those applications won't get approvals, those companies will do like you said, continue to apply again in future.

Quote
We also have the Bitcoin Halving that will also help to boost the demand and also the price of bitcoins. The conflict in the Middle East will also increase the demand for bitcoins, because investors are dumping money into investments that are seen as something with a store of value.
It is more important for Bitcoin growth than Bitcoin Spot ETFs. Many years, without Bitcoin Spot ETFs, Bitcoin still succeeded to attract new capital into Bitcoin market with each halving and bull run cycle. Bitcoin Spot ETFs are expected to bring more capital to this market but without those ETFs, we will continue to have more capital flow in this market before and after the halving in 2024.

We might have a series of approval for many Bitcoin Spot ETFs at the same time or have nothing at all.
BlackRock, ARK Invest & More: Meet The 8 Companies Racing For a Bitcoin SPOT ETF

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November 14, 2023, 06:42:44 AM
 #98

Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.
If Blackrock spot Bitcoin ETF application will get rejected, price will plummet that's for sure. How much? I don't know. TBH, I'm thinking that if it gets rejected, we will experience again what happened in 2020.

Pandemic has been declared > Price of cryptocurrencies went down very hard > a few months after that it went up even higher, and that's the start of the bull run. If the ETF will be rejected, I see that the same will happen next year. ETF gets rejected > Price of cryptocurrencies will go down > a few months after it will go up even higher. Of course, this is just my prediction, but I'm ready just incase this happens. Smiley

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
Saying not to panic to other people is very easy to say, but it's very hard to apply. Even though we are saying it multiple times to those newbies, their emotions are getting them thus, they are making some wrong decisions that make them lose their money. Holding when everybody else is panicking requires a lot of experience, and if you're a newbie, chances of you doing the same as what most are doing is high.

Holding Bitcoin when many are panicking is advisable, but holding it for a very long time is a no-no for me. At least know when to sell it.

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November 14, 2023, 07:46:46 AM
 #99

Well, if the SEC denies the application for a Bitcoin ETF, nothing significant will happen.. because those companies will just review their applications and apply again or they will opt to invest in Bitcoin directly.
Bitcoin Spot ETF applications don't appear in this year 2023 but it was applied many times in the past years. If this year, next year, those applications won't get approvals, those companies will do like you said, continue to apply again in future.

Quote
We also have the Bitcoin Halving that will also help to boost the demand and also the price of bitcoins. The conflict in the Middle East will also increase the demand for bitcoins, because investors are dumping money into investments that are seen as something with a store of value.
It is more important for Bitcoin growth than Bitcoin Spot ETFs. Many years, without Bitcoin Spot ETFs, Bitcoin still succeeded to attract new capital into Bitcoin market with each halving and bull run cycle. Bitcoin Spot ETFs are expected to bring more capital to this market but without those ETFs, we will continue to have more capital flow in this market before and after the halving in 2024.

We might have a series of approval for many Bitcoin Spot ETFs at the same time or have nothing at all.
BlackRock, ARK Invest & More: Meet The 8 Companies Racing For a Bitcoin SPOT ETF

Although bitcoin may not need ETFs to have a bullish season, we cannot deny its role and impact on bitcoin. If the ETF passes, not only will we have a lot of new money flowing into the market, but bitcoin's popularity will reach a faster rate. Furthermore, the reason so far many large investment funds or traditional investors have not jumped into this cryptocurrency market is because they are concerned about the level of risk. Although many people will not accept this reality, I think those organizations will continue to stay out of the market if the ETF is not approved.

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November 14, 2023, 02:07:58 PM
 #100

That's too much for the OP to ask for , but the question is when you need the money and you have a large part of it in Bitcoin, how do you do it there? The problem has to be resolved , it could be that there has been a problem, where you have to Borrow fiat money because it is fiat money, but spending bitcoin at this point is something painful, because you don't Know when it will go up in price to a great lesson, Because that's what I expect from the bitocin to go up a lot and yes you know, but before going up do I sell it? what did i do? nothing, what I did was lose in the full sense of the word , because that is What you should avoid Losing.

R


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November 15, 2023, 02:02:07 AM
 #101

That's too much for the OP to ask for , but the question is when you need the money and you have a large part of it in Bitcoin, how do you do it there? The problem has to be resolved , it could be that there has been a problem, where you have to Borrow fiat money because it is fiat money, but spending bitcoin at this point is something painful, because you don't Know when it will go up in price to a great lesson, Because that's what I expect from the bitocin to go up a lot and yes you know, but before going up do I sell it? what did i do? nothing, what I did was lose in the full sense of the word , because that is What you should avoid Losing.

When we need money and some of the money we have is in the form of Bitcoin, we must still be able to maintain the investment we make because if we take it and at that time the price is experiencing a decline, of course we will have experienced a loss, so it would be better if we choose to invest. We have to leave the money we have for needs that we don't expect because if we don't prepare these funds we will definitely experience losses in the investments we make.
Everyone certainly wants the price to be better than the previous situation so they can profit from the investment or trading they do.
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November 15, 2023, 04:03:38 AM
 #102

When we need money and some of the money we have is in the form of Bitcoin, we must still be able to maintain the investment we make because if we take it and at that time the price is experiencing a decline, of course we will have experienced a loss, so it would be better if we choose to invest. We have to leave the money we have for needs that we don't expect because if we don't prepare these funds we will definitely experience losses in the investments we make.
Everyone certainly wants the price to be better than the previous situation so they can profit from the investment or trading they do.
For emergency fund I don't think some one have patience not selling their bitcoin investment assets exactly have more important urgent needed, its really important how to manage our financial before investing in bitcoin. Spent few percent of my money for emergency fund and some thing bad happen in the future not have to sell bitcoin investment assets due we have money allocated as emergency fund. Its all depend with how financial condition stable or not, if you don't have much money looks not have many option except selling bitcoin as investment assets due difficult to allocate for emergency fund.

Hold bitcoin as much as possible but if less way except have to sell bitcoin I don't think any one won't sell their bitcoin assets, lets make good financial management when investing in bitcoin and need to allocate few percent in emergency fund for protecting not sell bitcoin when have more urgent needed.

R


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November 15, 2023, 02:33:12 PM
 #103

When we need money and some of the money we have is in the form of Bitcoin, we must still be able to maintain the investment we make because if we take it and at that time the price is experiencing a decline, of course we will have experienced a loss, so it would be better if we choose to invest. We have to leave the money we have for needs that we don't expect because if we don't prepare these funds we will definitely experience losses in the investments we make.
Everyone certainly wants the price to be better than the previous situation so they can profit from the investment or trading they do.
For emergency fund I don't think some one have patience not selling their bitcoin investment assets exactly have more important urgent needed, its really important how to manage our financial before investing in bitcoin. Spent few percent of my money for emergency fund and some thing bad happen in the future not have to sell bitcoin investment assets due we have money allocated as emergency fund. Its all depend with how financial condition stable or not, if you don't have much money looks not have many option except selling bitcoin as investment assets due difficult to allocate for emergency fund.

Hold bitcoin as much as possible but if less way except have to sell bitcoin I don't think any one won't sell their bitcoin assets, lets make good financial management when investing in bitcoin and need to allocate few percent in emergency fund for protecting not sell bitcoin when have more urgent needed.
Its smart to set aside some of your money in case of a disaster. Like a liferaft on a ship, you pray you never need it but have one for peace of mind.

Bitcoin will be around for a long time. You have to survive the lows as well as the highs. Its not ideal to be short on funds and feel forced to sell your Bitcoin. You dont have to cash out Bitcoin if the price lowers if you preserved that backup fund.

Consider ways to get money without doing anything. Your emergency fund can benefit without draining your main income or Bitcoin stash. Freelance, side jobs, or profitable investments are options. Your Bitcoin stays put and slowly rises, and you have additional money for hard times. Smart, right?

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November 16, 2023, 11:16:07 AM
 #104

When we need money and some of the money we have is in the form of Bitcoin, we must still be able to maintain the investment we make because if we take it and at that time the price is experiencing a decline, of course we will have experienced a loss, so it would be better if we choose to invest. We have to leave the money we have for needs that we don't expect because if we don't prepare these funds we will definitely experience losses in the investments we make.
Everyone certainly wants the price to be better than the previous situation so they can profit from the investment or trading they do.
For emergency fund I don't think some one have patience not selling their bitcoin investment assets exactly have more important urgent needed, its really important how to manage our financial before investing in bitcoin. Spent few percent of my money for emergency fund and some thing bad happen in the future not have to sell bitcoin investment assets due we have money allocated as emergency fund. Its all depend with how financial condition stable or not, if you don't have much money looks not have many option except selling bitcoin as investment assets due difficult to allocate for emergency fund.

Hold bitcoin as much as possible but if less way except have to sell bitcoin I don't think any one won't sell their bitcoin assets, lets make good financial management when investing in bitcoin and need to allocate few percent in emergency fund for protecting not sell bitcoin when have more urgent needed.
Its smart to set aside some of your money in case of a disaster. Like a liferaft on a ship, you pray you never need it but have one for peace of mind.

Bitcoin will be around for a long time. You have to survive the lows as well as the highs. Its not ideal to be short on funds and feel forced to sell your Bitcoin. You dont have to cash out Bitcoin if the price lowers if you preserved that backup fund.

Consider ways to get money without doing anything. Your emergency fund can benefit without draining your main income or Bitcoin stash. Freelance, side jobs, or profitable investments are options. Your Bitcoin stays put and slowly rises, and you have additional money for hard times. Smart, right?

Emergency investment fund is a fund that should be available at every moment of human life. That's why it's important to set aside money for an emergency investment fund before investing. You should not rush to invest. First of all, funds should be created to meet the needs that may be required for human life and to be used in difficult times.

In any negative situation, selling your Bitcoins may cause you to terminate your investment before making a profit or even cause a loss. If you had created an emergency investment fund alongside your Bitcoin investment, you would not have to sell your Bitcoins. This is often one of the pieces of advice people give each other about Bitcoin.

Anything can happen at any time in our lives. First of all, it is extremely important to create funds that we can use in difficult situations. After creating these funds, we can invest as we wish and we do not have to cash out our investments in negative situations.

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November 16, 2023, 11:24:31 AM
 #105

Other investors should be aware of FUDS especially those who are new to this kind of scenario because once the price of bitcoins falls in the midst of the bitcoin halving, there will be lots of fake news circulating around in order to confuse us and panicky sold out bitcoins and when we do that, there are high probabilities that it was a trap and the truth about it is just to decrease the price of bitcoins in order to buy it more cheaply. That's why when you have decided to invest and hold bitcoins, never believe any rumors rather persevere and be patient with your ambition to reach the bitcoins new ATH in the future.

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November 16, 2023, 12:06:14 PM
 #106

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
We know Bitcoin has been held back by ETF for a long time but this is all quite dramatic. You can see as early as January that all Bitcoin ETF declined. Because Bitcoin will start increasing from January. While not all ETF reject Bitcoin, Bitcoin will continue to rise. Bitcoin will not accept any ETF barriers after January. For those of you holding Bitcoin, hold on as the market has started to rise and will continue to rise. Those who sell bitcoins in this market will not get hold of the next halving of bitcoins. So hold your bitcoins without any problem and you will soon see the benefits of your investment.

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November 16, 2023, 02:50:29 PM
 #107

Verily if anyone must have to sell its coin, it shouldn't be considered as an influence of the ETF. It should be Wise enough if only we undertakes the market nature's emotions on to ourselves because even the ETF is a sophisticated exchange that tends to you one a regret over a false pressure.

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November 16, 2023, 03:03:35 PM
 #108

Emergency investment fund is a fund that should be available at every moment of human life. That's why it's important to set aside money for an emergency investment fund before investing. You should not rush to invest. First of all, funds should be created to meet the needs that may be required for human life and to be used in difficult times.

I am very much in favour of it and I have said it repeatedly in other threads: a very common mistake is to invest without first having an emergency fund, which can force you to sell at a loss when there is a market downturn and you have an unforeseen event in your life that forces you to seek liquidity. If you do things right you can HODL, and take advantage of the next bull run we are starting, selling only if you consider it convenient, when you have profits, although I only recommend selling part and keep holding another part.

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November 16, 2023, 03:39:49 PM
 #109

Verily if anyone must have to sell its coin, it shouldn't be considered as an influence of the ETF. It should be Wise enough if only we undertakes the market nature's emotions on to ourselves because even the ETF is a sophisticated exchange that tends to render you regrets over a false pressure.

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November 16, 2023, 11:29:04 PM
 #110

Emergency investment fund is a fund that should be available at every moment of human life. That's why it's important to set aside money for an emergency investment fund before investing. You should not rush to invest. First of all, funds should be created to meet the needs that may be required for human life and to be used in difficult times.

I am very much in favour of it and I have said it repeatedly in other threads: a very common mistake is to invest without first having an emergency fund, which can force you to sell at a loss when there is a market downturn and you have an unforeseen event in your life that forces you to seek liquidity. If you do things right you can HODL, and take advantage of the next bull run we are starting, selling only if you consider it convenient, when you have profits, although I only recommend selling part and keep holding another part.

I completely agree with this point of view, savings, emergency funds should be prioritized over investments because life is full of surprises and investments do not always bring us profits. But I bet many people don't do this because they are blinded by greed and profit. I believe many people are giving advice to rich people to only invest what they can lose. But they themselves are probably investing more than they can afford to lose, many people even put all their assets into bitcoin because they think that once the halving happens, we will definitely have a bull market.

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November 16, 2023, 11:48:38 PM
 #111

In the past we used to see the term hold quite common in the forum. Now things have changed a little as people's preference have moved from holding to increase the number of income stream. Rather than waiting for much longer time period, people prefer to use it into trading and other activities to make the holding more effective as the volume increases. As discussed in the previous post, emergency fund is a necessary one. If we're prepared enough to meet unexpected moments of life with the emergency fund, then there is no risk in holding. The best way is to hold and profit, maybe the timeline is big but the risk is low.

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November 18, 2023, 03:15:38 AM
 #112

In the past we used to see the term hold quite common in the forum. Now things have changed a little as people's preference have moved from holding to increase the number of income stream. Rather than waiting for much longer time period, people prefer to use it into trading and other activities to make the holding more effective as the volume increases. As discussed in the previous post, emergency fund is a necessary one. If we're prepared enough to meet unexpected moments of life with the emergency fund, then there is no risk in holding. The best way is to hold and profit, maybe the timeline is big but the risk is low.
There is a dynamic, forward-thinking approach to personal finance in the move from hanging on to diversifying income streams. Indeed, things have changed. Trading, investing in different areas, and even participating in cryptocurrencies are no longer just choices; they're necessary ways to get rich.

But heres a twist: why not add holding to this new model while you're diversifying? Think of holding as a strategic pause, a chance to look at things again and make changes. Being patient isnt enough; you need to wait in a smart, well-informed way as well. Also, yes, the emergency fund is your safety net that makes sure you're not only being safe, but also smart.

We want holding to be a strategic part of a longer, more exciting financial journey, not the end goal. To grow, hold, evaluate, and diversify. Thats what the new generation of money-hungry people say.

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November 18, 2023, 03:22:18 AM
 #113

We know that currently Bitcoin ETFs are increasing in value according to the approvals they are giving. And ETF won't reject Bitcoin, and it's our guess that it won't do such a thing.  And we should be thinking about the positive aspects of bitcoin now because it will never be possible to gain by thinking about the negative aspects. The best thing to do now is to invest in Bitcoin for the long term only. The situation we see in Bitcoin at this time is sure to get better in the future and all investors are holding onto their money with this in mind. Bitcoin is an asset that can bring you the highest rate of profit in the future that's why you should hold on to Bitcoin rather than sell it. As our bull season is about to begin, it is best for an investor to hold on to Bitcoin and not sell it in case of any situation, but hold it patiently.

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November 18, 2023, 05:00:04 PM
 #114

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.

The recent 30% gain in the Bitcoin market seems really nice and I would expect that many investors are thinking about taking some profit. I wouldn't sell any of my coins at the moment,  because I don't need the money right now and don't really have a good alternative investment to put my money in. Both stocks and bonds doesn't seem like a good idea at the moment, same goes for holding FIAT cash. The inflation is still high in my country and all my savings should be invested to grow over time. In case someone needs money today then it's fine to sell some of his Bitcoin, but for an investment I would recommend to hold. We should be looking at the bigger picture here, even above 30,000 USD Bitcoin is still 50% below its ATH and selling now could lead to missing out on profits in the future. The halving is only coming next year and with the Bitcoin ETFs it's not going to be a one time event where investors going to put their money in. Bitcoin ETFs just mean that the investment in Bitcoins becomes easier and there will likely be many new investors join the party.
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November 18, 2023, 05:08:49 PM
 #115

The recent 30% gain in the Bitcoin market seems really nice and I would expect that many investors are thinking about taking some profit.

For short term traders that got good entry when there was massive dips, yes some of them might consider taking some profits even though I don't believe that is the best thing to do at this time considering that we have so many positive events lined up for Bitcoin. Well,  people have different objectives and target so I will not be surprised if there targets have been met hence the need to liquidate their portfolio.

I wouldn't sell any of my coins at the moment,  because I don't need the money right now and don't really have a good alternative investment to put my money in. Both stocks and bonds doesn't seem like a good idea at the moment, same goes for holding FIAT cash. The inflation is still high in my country and all my savings should be invested to grow over time. In case someone needs money today then it's fine to sell some of his Bitcoin, but for an investment I would recommend to hold. We should be looking at the bigger picture here, even above 30,000 USD Bitcoin is still 50% below its ATH and selling now could lead to missing out on profits in the future. The halving is only coming next year and with the Bitcoin ETFs it's not going to be a one time event where investors going to put their money in. Bitcoin ETFs just mean that the investment in Bitcoins becomes easier and there will likely be many new investors join the party.
This is the problem with selling too quick, most of those selling do not really have alternative investment portfolio in mind, they just want to enjoy the feelings of making profits even though they might keep the money in fiat where inflation will harm it.

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November 18, 2023, 05:08:55 PM
 #116

We know that currently Bitcoin ETFs are increasing in value according to the approvals they are giving. And ETF won't reject Bitcoin, and it's our guess that it won't do such a thing.  And we should be thinking about the positive aspects of bitcoin now because it will never be possible to gain by thinking about the negative aspects. The best thing to do now is to invest in Bitcoin for the long term only. The situation we see in Bitcoin at this time is sure to get better in the future and all investors are holding onto their money with this in mind. Bitcoin is an asset that can bring you the highest rate of profit in the future that's why you should hold on to Bitcoin rather than sell it. As our bull season is about to begin, it is best for an investor to hold on to Bitcoin and not sell it in case of any situation, but hold it patiently.
The Bitcoin ETF is still gaining adoption, with the approval however, the point of its creation will be clear and more involved for those investors who love the idea for which it was created.
To HoDL is better with BTC as I have come to know. Besides the normal bull and bear seasons that affect its price, the only expected event to affect it will be the halving. Am sure more persons would be waiting on that experience, and it will be a decider for some still, to invest Long term, afterall even whale movements may affect the price, but the value of BTC never diminishes, just as gold, precious ornament and stones.

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November 18, 2023, 05:56:22 PM
 #117

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
It's everyone desire or wish to continue to hodl on their Bitcoin because past or previous  price history of Bitcoin indicate there is usually a certain period of bullish runs where profits is appropriately taken, however there are some circumstances that can lead a Bitcoin hodler to sell part of their assets to address some important financial obligations or expenses, this is very common in some developing countries or third world countries were their is  high rate of employment, however in developed countries were opportunities abound there is no need for hodlers to sell their Bitcoin for any reasons because there are other alternative means to offset whatever bill needed for settlement.

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November 18, 2023, 06:19:17 PM
 #118

There is growing excitement in the Bitcoin community following the gains recorded by Bitcoin. The reason for this growth is hardly unconnected to rumors of Bitcoin ETF approval. Have we thought about what will happen to Bitcoin price should all the ETF get rejected? I don't want to imagine this but whatever happens, hold on to your Bitcoin.

There have been bull run without Bitcoin ETF and there will always be bull run even if the ETF is rejected. So even when the market temporarily nosedives if the ETF is rejected, do not panic. Once again, hold on to your Bitcoin and do not panic.
Fortunately, the bitcoin ETF won't be rejected again this time, there have been bull runs in previous times without ETF quite alright, but understand that, each of those bull runs had a special trigger, like a catalyst that triggers the bull run, and if you take time and study each of the bull runs we've had, you did discover that they all have something unique that triggered it, the excitement of halving alone can no longer trigger a bull run to be honest with you, because we all have gotten used to having occurring every four years, so, if there must be a bull run in the coming halving, there must be something to or that will trigger it, and currently, every one is anticipating on the bitcoin ETF approval to be the catalyst that will trigger the coming bull run.

And the signs that this time around, the ETF will be approved is already very glaring, but all the same, I understand your point, which is, no matter what happens, I should hold my bitcoin.

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November 18, 2023, 06:54:41 PM
 #119

I don’t even think it’s necessary to try to make people understand this because we all have seen what Bitcoin can do. The current price today is nothing new and we have seen even higher figures. People who know what they are invested in will always hold on tight. Less than a year, we saw really bad figures than we have ever seen since the ATH, but many people held on and even till now, they still see a brighter side than what is today.



 

 

 

 

 

 


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