A big buying opportunity might be on the horizon

[KiaKia]

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

But alas, ETF approval have been around for year's and it has never been approved before, if it's a nO this time around it still won't stop Bitcoin from creating a new all time high.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

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[MusaMohamed]

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

SEC denied Bitcoin Spot ETF applications many times and it is not only in 2023 or 2024 but many years in the past. Denials will trigger a market crash because Bitcoin, Ethereum led the market that was heated up a lot recent months because they thought Bitcoin Spot ETFs soon will be approved because of Black Rock very high successful in ETF applications.

Bitcoin will have its bull market in 2024 without Bitcoin Spot ETF but I as same as other people hope that SEC will approve Bitcoin Spot ETF.

[mindrust]

There will always be another rugpull in the future. Maybe the SEC/ETF stuff is the one, maybe not. Lots of people think bitcoin will go above $100k when the SEC approves the Blackrock ETF. I can't stress "lots of" enough here. They all take position to take advantage of this event but what if they are getting fooled? Like you said the opposite can happen too. Another thing is, this ETF is no good for bitcoin in the long run. It will only give a temporary price boost and then blackrock will be the new ruler of the network. I don't think I'm OK with this. Anyway this is just another event which will come and go. There will be many others in the future. Don't feel bad if you miss this one.

[Jawhead999]

do not follow the masses, as they can be easily lead astray.

Then you're wrong, majority will beat the minority just like Bitcoin protocol.

The fact is majority believe bull run will happen because they're believing in history. It just that we don't exactly know when it will happen and how much the highest price that the next ATH would make.

Regardless the ETH will be approved or not, it's not related to real Bitcoin.

[livingfree]

I know that there's a big market share for the US Bitcoin ETF applications but don't just look at them, there have been ETFs also in some other countries that have been approved already.

And, don't just think that it's going to be the biggest contributor of the next bull run. We've got halving remember? That's the major thing that we're all expecting to contribute at these cycles.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

Actually this is going to determine who are going to be the panic sellers.

[moneystery]

whether or not the bitcoin ETF is accepted by the sec will not affect how bitcoin can reach its ATH. it is true that if the sec rejects the bitcoin ETF it will make investors feel disappointed and could cause a bearish market, but that is only temporary, it will not cause the price of bitcoin to decrease drastically as you said, because the expectations of bitcoin investors are not only on the approval of the bitcoin ETF by the sec, but there are several other factors such as halving, bitcoin's potential, etc., and these factors will continue to support bitcoin until it reaches its ATH or even passes it.

[roller33]

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

But alas, ETF approval have been around for year's and it has never been approved before, if it's a nO this time around it still won't stop Bitcoin from creating a new all time high.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

You're hitting on a crucial point in the crypto world – how market sentiment and big regulatory decisions, like ETF approvals, can really shake things up. It's like a high-stakes game where the rules are still being written, right?

If the ETF gets denied and we see a dip, it'll definitely test the waters on how folks react to the news. It's all about that market psychology. But you're right; Bitcoin has a way of bouncing back, hitting new highs even after setbacks. It's resilient like that.

And totally, if there's a dip, it could be a chance to grab some more Bitcoin at lower prices. But it's all about not getting caught up in the panic. Easier said than done, but that's where the smart moves are made. Remember, in the crypto rollercoaster, sometimes those scary drops are just leading up to the next big climb. 🎢📉📈💪

[uneng]

Total silence from SEC about the discussion which will decide for Bitcoin ETF approval or not. They have by January 10 to bang the gavel. Meanwhile, I see there are lots of expectations growing among BTC investors as we see the market getting more bullish, although I'm not sure if it's mainly for SEC and ETF or if it's just a pre-halving effect of optimism.

I tend to believe even a denial from SEC isn't powerful enough to contain the bullish potential the halving has. So the most important event to focus right now is the halving. Even if SEC denies the proposal and we see a temporary crash in prices (nothing too extreme), it means an opportunity to buy some cheaper Bitcoins thinking on the following months, more especifically April, which will finally bring us the halving. From that moment on, with or without ETF, Bitcoin is likely to flourish to superior price ranges.

Personally, I don't think SEC would prejudice Bitcoin at this moment. Bitcoin is so strong and influent among every sectors of society in global scale, that even some high-ranking members from government must be investors. Therefore, it's interesting for them that Bitcoin does well this time. They play strategically, otherwise why would they schedule an important decision like that so close to Bitcoin's halving expected date?

[2Pizza410000BTC]

We've seen Bitcoin held back by bogus ETFs for over a year now. All these bogus ETFs seem completely dramatic to me. However, the Bitcoin ETF is supposed to be approved in January If the Bitcoin ETF is approved in January, Bitcoin could be directly between $70,000 and $100,000. Meanwhile, unless the dramatic fake Bitcoin ETF is approved in January, I still think the Bitcoin market will be bullish. We can see a pattern of Bitcoin growth in early January as the current position suggests that Bitcoin will definitely rise in January. Bitcoin investment opportunities we missed in 2022 but if you still use those opportunities, you can reap good benefits very soon.

[GxSTxV]

I really liked all the responses from members here. It's important to make sure that our decision to wait for Bitcoin or hold it shouldn't rely only on the hope of the Bitcoin ETF news to be positive and the SEC's decision or any other news that a country or a government decisions. We can't predict if the SEC's declaration will be positive or negative for Bitcoin. that’s why it's better to keep our current holdings of bitcoin without relying on this one news even that it will have an impact on the price .

But undoubtedly, the impact of the SEC decision will be hard, will touch the market volatility instantly after the announcement on January 10, 2024. but still, our approach to Bitcoin should be a broader perspective, considering various factors beyond this single event. No matter what happens next we will still on the same direction.

[Essential10]

I think there is an ongoing debate about the effect of ETF on the price of Bitcoin. Some argue that the introduction of ETF could increase liquidity, accessibility and institutional interest, which could positively affect the price of Bitcoin. Others believe that the impact of ETF on the price of Bitcoin may be limited, as the market is influenced by various factors. However, the relationship between ETF and Bitcoin price growth is not direct and can be influenced by various factors such as market sentiment, regulatory developments and overall market conditions. The impact of ETF on the price of Bitcoin is uncertain and cannot be said with certainty.

[Rikafip]

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

I don't expect bitcoin to crash massively just because of potential ETF denial, in the same way I don't expect the huge rally (~$100k) in case of it getting approved,

 

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

Just a year ago bitcoin was  ~$17k meaning there was already a big opportunity recently to buy some cheap bitcoin and those who didn't buy then and had money ready probably woulnd't buy now if it dips harder, as they would be too afraid. But as that saying goes, everyone buys bitcoin as the price they deserve.  

[Casdinyard]

What if a new rugpull is in plan for crypto?

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

But alas, ETF approval have been around for year's and it has never been approved before, if it's a nO this time around it still won't stop Bitcoin from creating a new all time high.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

Massive buy opportunity if true. Although I doubt it. For one, the crypto hime we’ve been seeing for the past couple of weeks isn’t necessarily because of the ETF. But other reasons I personally don’t know myself. So if in any case the SEC blueballs us yet again with another decline of an ETF, I think the industry will do just fine perhaps with not even a substantial decrease in value, although I believe we’re due for a correction for some time already. And the market’s a ticking timebomb ready to blow up any day now. (A little exaggerated since it’s not gonna cause a crash, but oh well.)

I say if you don’t want to miss out on anything and take chances with all this “massive buy opportunities”, you guys try DCA.

[electronicash]

approved or not, crypto will still be here creating headaches for them. so they might as well just approve it for at least they can see who's buying and selling.

but we can see already they are already preparing for approval since there are signs of it coming. there is never a better time for its approval than in a bull season so that profit will also flow on those big institutions filing those ETFs.

[Orpichukwu]

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

Let's all hope it doesn't. When you talk about a price crash, what do you really mean, like how down do you think such news can be able to bring down the bitcoin price? $25k, $20k, or as low as $15k or below $10k? As long as the price is still within the range of thousands, I won't consider it a market crash; instead, I will just have to accept it as one of those negative crypto news stories that happens to slow down market growth.
 
Despite the ETF news, there has always been massive buying of bitcoin from different people. The good news is just that ETF happens to create and open a lot of people's minds over bitcoin and whether they should invest in it or not, so I can't see any market crash with ETF rejection; it will just be considered a regular market fluctuation.

[oktana]

Now, what if this happens just around the time of the halving? And then the price gets impacted and the whole expectation/mentality of the halving bringing about a Bull run gets ruined? I mean, I once tried to make people understand this and they kept arguing; factors like news(like this one), etc is what affect the value of Bitcoin in an impactful way and not halving. Well, in all, I know that after the bad, the good comes. So, even if this goes bad, Bitcoin will get back up as usual.

[Zlantann]

SEC denial of the approval can cause crypto to crash massively, if the ETF isn't approved by January buckle up for a spiral run down the hill kinda market behavior.

The rise in the price of Bitcoin is not hanging on just the spot ETF approval, the sector has a big event which is the halving coming up next year. So investors are making decisions not just based in the ETF but the halving. I don't expect the price to crash because of disapproval but it might prevent the price from going higher if it was approved. A research by Matrixport also confirmed that Bitcoin could rise without SEC approval of ETF. The analysis claim that increased liquidity, halving event and the potential for Donald Trump wining the presidential elections could still propel the price to rise.  to be elected again providing further catalysts.

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

Bitcoin always creates the opportunity to buy or sell, so every investment should be sensitive to take advantage of any opportunity it offers at a given time. But I am not expecting anything less than an ATH next year.

[Yamane_Keto]

The market senses negative news before it happens, and I do not expect a shock to occur due to such a decision. It is difficult for the market trend to reverse due to the presence of long-term support points, especially less than 30k, so the worst that may happen is 28k, and a return again to prices of 48k by March and then we will be like 2013.

[Alpha Marine]

I don't think the SEC's denial will have the effect you imagine. Sure it will have an impact but it won't be as bad as you say. Also, it would be a short-term impact because people still have eyes on the halving and many people won't want to sell because they have hope that Bitcoin might see a new all-time high soon.
It won't be the first time that the SEC has denied the approval. Nevertheless, it would be an opportunity to buy because the price of Bitcoin might drop a little bit.

[Odusko]

The way consumers accept this bad news will determine how far Bitcoin can dip but understand that it's going to be a big opportunity to get more Bitcoin, do not follow the masses, as they can be easily lead astray.

Why do you expect a bad newa anyways, and regardless of whether or not the Bitcoin ETF got through or not in January or no, life goes on for the cryptocurrency market,  so for that, let us just expect what lever from the sec because that ks government agency and at such they will be alot of drawback for them to make such decision some time and that the reason why the approval has not to scale through for all the while.
So since we have a major event coming up for the Bitcoin network around March or April,  it is important to not kill yourself of the motivation to accumulate more Bitcoin before that time, soprice dropice is a discount for Bitcoin investors who want to get more Bitcoin before that time.