Bitcoin ETF approval

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Is the intention here really to have fun? Or could this be one of the ways they are trying to manipulate the price of Bitcoin? It seems suspicious that on the day when the announcement of the approval or rejection of Bitcoin ETF is to be made, suddenly their Twitter account is hacked, or they post a tweet. Can we really trust this to be a coincidence?

Or maybe someone prepared the hack beforehand, and then just executed it at the right time in order to manipulate the market?

Either way, the clear intention was to manipulate the market and who exactly did it (someone from SEC, Twitter etc) remains to be seen.

That's also possible. All we can think of is that everything that happened yesterday was planned, even the drama to manipulate the price. I don't think that everything was just pure coincidence. And then right now, they will release an official announcement that the Bitcoin ETF is finally approved. After the sudden dump yesterday, they will release this, we have nothing to think anything about it but pure manipulation.

[Papusha20]

After the SEC Twitter account was first hacked, the hackers posted a news like Bitcoin ETF approval from his Twitter, but it was considered as fake news. But yesterday the Bitcoin ETF was released and approved. But it was everyone's dream for Bitcoin price to go up, but Bitcoin has only gone up a little bit. And now I got some profit, I bought bitcoin with small amount of money and it shows me now 157$ profit.

Now should I sell this $157 profit?

[jonathancool220]

And now I got some profit, I bought bitcoin with small amount of money and it shows me now 157$ profit.
Now should I sell this $157 profit?

You have already made a profit from Bitcoin trading and you have done it right.
You can sell your profits, so you can buy them back at a lower price later, but that's up to you.
I'm looking forward to getting a moment like this and I'll immediately take a profile because usually after there's good news there's always bad news.
157$ in my opinion is very large and I have never made a profit of up to 157 USD in a day, this proof is also possible that I will immediately take profit because I am afraid that the token price will dump again.

[yahoo62278]

It finally happened, so how high do we think bitcoin will go? Gonna hit 50k before the weekend is up IMO, maybe even today.

[goaldot]

Yes, the news of the Bitcoin ETF was actually a fake news, unfortunately the SEC Account was compromised and the approval may be delayed, but I think wether SEC approve Bitcoin ETF or not, Bitcoin is able to absord any outcome. I am sure the Halvimg event may play a huge role on the market prices.

True, it will really play a huge role. No matter what rumour they bring whether real or fake, Bitcoin is still leading. The price cannot reduce to any altcoin or close to them.

[Peter90]

It finally happened, so how high do we think bitcoin will go? Gonna hit 50k before the weekend is up IMO, maybe even today.

Magic number 50k
Many option traders in December thought the same!

Record Bitcoin Call Volumes Target $50,000 By January






What's just as notable, is that the majority of the options traded in the past 24 hours have been calls, with a breakdown of 60% calls and only 40% puts.

It's not just the most recent option trades that are bullishly biased: when The Block examined the most notable monthly options expiry on Jan. 26, 2024, the majority of options were calls. Among these call options, those with the highest trading volume in the past 24 hours have a strike price of $50,000, according to Velo Data.

This suggests that traders increasingly expect bitcoin to hit $50,000 - a level last reached in December 2021 - by January, when many market observers expect the SEC to finally allow exchange-traded funds to directly hold the cryptocurrency.

[Thyplaymaker]

I think sec has approved the first bitcoin ETFs
 https://www.ft.com/content/443b2589-0a4a-48ef-872e-3cd52b1b297d
Hope this isn't another compromising becaus it's as really affected market price in positive way

[Don Pedro Dinero]

After the SEC Twitter account was first hacked, the hackers posted a news like Bitcoin ETF approval from his Twitter, but it was considered as fake news. But yesterday the Bitcoin ETF was released and approved. But it was everyone's dream for Bitcoin price to go up, but Bitcoin has only gone up a little bit. And now I got some profit, I bought bitcoin with small amount of money and it shows me now 157$ profit.

Now should I sell this $157 profit?

Investment decisions must ultimately be made by you. If that amount is significant to you and you can use it, you should sell, but if it is, you should not have invested in the first place.

I prefer to keep accumulating because I am investing for the long term and I consider selling at least when the price goes above $70,000, and especially when it goes above $100,000.

If you sell now, what are you going to do when the price continues to rise? Buy more expensive? Or just sit and watch?

[Papusha20]

Bitcoin ETFs have been approved due to which the price of Bitcoin has been increasing rapidly.  Bitcoin price will touch 50 soon, basically a short bull run.  Those who are still without investment in Bitcoin should invest in Bitcoin very soon.  Because Bitcoin halving is in the middle of 2024, thousands of investors are surrounding this halving.

[Power420]

Bitcoin ETF approved Lucky for investors, since the approval, the Bitcoin market is realizing enough momentum. Right now the bitcoin market is up to 48.5k, and within this week the bitcoin market could be up to 60k. So the good news for Bitcoin investors is that the price of Bitcoin is doing very fast, and the price of Bitcoin will increase even more in the future.

[Peter90]

Bitcoin ETFs have been approved due to which the price of Bitcoin has been increasing rapidly.  Bitcoin price will touch 50 soon, basically a short bull run.  Those who are still without investment in Bitcoin should invest in Bitcoin very soon.  Because Bitcoin halving is in the middle of 2024, thousands of investors are surrounding this halving.

A lot of enthusiasm today.
I don't want to be a party pooper but think about what happened in a similar occasion in the past:


"ProShares Bitcoin Strategy ETF (BITO), launched on 19 October 2021.
Although BITO invests in bitcoin futures contracts and not directly in bitcoin, but the hype in the crypto community between now and then seems to be similar.

So what happened back then? Apparently BTC prices peaked at $70,000 and crashed all the way to $33,000 by January of 2022."


Impact of the upcoming BTC ETF on the BTC price: A contrarian view

[partyush]

Hi, if have no idea about bitcoin ETF, check out this one pager article covering:

1- What is a ETF?
2- How will a Bitcoin ETF Work?
3- What all has happened till date?

https://tok3ntales.com/bitcoin-etf-exchange-traded-fund-what-the-noise-about/ [nofollow]

[ajiz138]

Bitcoin ETF approved Lucky for investors, since the approval, the Bitcoin market is realizing enough momentum. Right now the bitcoin market is up to 48.5k, and within this week the bitcoin market could be up to 60k. So the good news for Bitcoin investors is that the price of Bitcoin is doing very fast, and the price of Bitcoin will increase even more in the future.

It's not right to say lucky because we know as investors the price will go up with this ETF news honestly this is positive news but I will not take advantage now is not the time to sell because the halving event is much bigger than the ETF news, but still the effect is that the price of bitcoin will go up.

The price of bitcoin just passed almost touching $49K but unfortunately it was not long and returned to its original price, I think this is not something big because it is certain that bitcoin will rise slowly starting this year.

[trendcoin]

Finally, the news we've all been waiting for has come true. Believe me, I am not at all interested in whether the Bitcoin price increases or not today. We can say that Bitcoin is now in the commodity class. The world's largest investment companies will hold Bitcoin in their funds and offer their investors access to Bitcoin. We should enjoy this. We know that the price will go to the moon one day. However, right now is the time to enjoy it.

[salad daging]

Finally, the news we've all been waiting for has come true. Believe me, I am not at all interested in whether the Bitcoin price increases or not today. We can say that Bitcoin is now in the commodity class. The world's largest investment companies will hold Bitcoin in their funds and offer their investors access to Bitcoin. We should enjoy this. We know that the price will go to the moon one day. However, right now is the time to enjoy it.

The good news is that the Spot Bitcoin ETF has now been approved and bitcoin has surged to its highest price this month.

I think this is just the beginning when the Spot Bitcoin ETF is approved we think more that bitcoin growth will be more rapid over time, I also saw the news that several large companies have flowed funds for the Spot Bitcoin ETF of course with this news there will be more interest in bitcoin.

All we need to do is invest from now on.