Finally, after much speculation, imagination and drama, Bitcoin has been officially approved. At the moment the Bitcoin market is hovering around $47335. We will see Bitcoin price close to $50,000 very soon. The news of Bitcoin ETF approval is really good. How do you feel about your opinion?It is really good to see the market of Bitcoin right now because after waiting for a long time, Bitcoin ETF has been approved. We've seen a lot of drama and speculation go through every month to get Bitcoin approved where Bitcoin hasn't been approved. But with the official approval of Bitcoin ETF today, the price of Bitcoin has been increasing rapidly ever since. It has been reported in many news since the ETF was approved (Bloomberg predicts $4 BILLION in spot #BitcoinETF inflows on the first day of trading). We are optimistic that the price of this Bitcoin will soon cross $50,000 and there is a possibility of more Bitcoin price increases as we wait for half of the time ahead.
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~No idea.
should we be afraid or should we celebrate?
~ How do you feel about your opinion?Regulations and more regulations from authorities.
Nothing surprising TBH. What's more surprising is the fact that the SEC's Twitter account got hacked, and posted that a Spot Bitcoin ETF was approved.Nah, it's hard to buy that excuse after it was officially approved. It's more likely that the one handling the SEC's X page made the announcement too early (maybe because of miscommunication).
Nothing surprising TBH. What's more surprising is the fact that the SEC's Twitter account got hacked, and posted that a Spot Bitcoin ETF was approved. It caused chaos in the market, pushing the price down. The good thing though is that the market is going up already, and the price of Bitcoin is at the $46,000 level already.
TBH, I was too bullish on the news that I expected that the market would just go up as high as $50,000 as soon as the announcement had been made. Well, with this news, I expect Bitcoin to reach at least $50,000 this month or in the first week of February. Nevertheless, this is a piece of good news for everyone as this news "MIGHT" creates a short-term price increase on the price of Bitcoin.
Finally, after much speculation, imagination and drama, Bitcoin has been officially approved. At the moment the Bitcoin market is hovering around $47335. We will see Bitcoin price close to $50,000 very soon. The news of Bitcoin ETF approval is really good. How do you feel about your opinion?
(https://www.talkimg.com/images/2024/01/10/sKGwC.jpeg)
finally after all the speculation, hype and false positives its real. the big boys have entered the bitcoin market.
should we be afraid or should we celebrate?
finally after all the speculation, hype and false positives its real. the big boys have entered the bitcoin market.I think we should celebrate, because this event will have a great impact on its price, and the entire market will go up after Bitcoin. At the very least, it is impossible to imagine a more significant event in recent years. And so it’s clear that Bitcoin is going up, after this event I’m sure it will skyrocket to the moon.
should we be afraid or should we celebrate?
It is somewhat true that we are still uncertain about the long-term effects of the recent approval of Bitcoin. However, we can currently observe a positive effect on the entire cryptocurrency market which has suddenly turned green. This approval is a significant achievement for Bitcoin, and we should celebrate it despite its past rejections. Finally, Bitcoin has been approved, and that is a success.finally after all the speculation, hype and false positives its real. the big boys have entered the bitcoin market.
should we be afraid or should we celebrate?
Yes, that is the good question we might be dealing in the coming days...whether the approval of Bitcoin ETFs will be good for Bitcoin and the whole crypto industry or will it be a catalyst for something else? Anyway, for now, maybe let's us first celebrate though I find it a little bit concerning that BTC price seems to be not so excited for this BIG news. In the next few days, we can clearly see where the market is headed in response to this new development.
finally after all the speculation, hype and false positives its real. the big boys have entered the bitcoin market.Why should we fear? The Bitcoin market was completely volatile when it was locked in by ETF. If we are not afraid of Bitcoin market volatility then why should we be afraid now after Bitcoin ETF approval. Of course we are happy for that. Because Bitcoin ETF have been approved, the Bitcoin market has started to rise. This is very happy news for Bitcoin investors and Bitcoin users.
should we be afraid or should we celebrate?
Finally, after much speculation, imagination and drama, Bitcoin has been officially approved. At the moment the Bitcoin market is hovering around $47335. We will see Bitcoin price close to $50,000 very soon. The news of Bitcoin ETF approval is really good. How do you feel about your opinion?and now back to 46k and seemingly to fall more , because ETF assures us nothing in price growth but at least the legitimacy that we can prove it wasn't scam like what many love to think it is.
(https://www.talkimg.com/images/2024/01/10/sKGwC.jpeg)
we must celebrate same as we must be aware of the possible outcome as now that the big boys will be entering our community .finally after all the speculation, hype and false positives its real. the big boys have entered the bitcoin market.I think we should celebrate, because this event will have a great impact on its price, and the entire market will go up after Bitcoin. At the very least, it is impossible to imagine a more significant event in recent years. And so it’s clear that Bitcoin is going up, after this event I’m sure it will skyrocket to the moon.
should we be afraid or should we celebrate?
I am a bit skeptical about whether this will increase the value of Bitcoin in the long run or whether it will have a short-term impact on the price increase. What are your ideas?No need to speculate anymore, now it has been approved and we would experience what the impact would be, it could be in the short term or in the long term, i have no idea. Some people are already raising eyebrows today, that BTC hasn't pumped as they had expected, i think it is too early to be sure what will happen, we need to monitor the market and see how it moves in the next few weeks.
finally after all the speculation, hype and false positives its real. the big boys have entered the bitcoin market.
should we be afraid or should we celebrate?
Yes, that is the good question we might be dealing in the coming days...whether the approval of Bitcoin ETFs will be good for Bitcoin and the whole crypto industry or will it be a catalyst for something else? Anyway, for now, maybe let's us first celebrate though I find it a little bit concerning that BTC price seems to be not so excited for this BIG news. In the next few days, we can clearly see where the market is headed in response to this new development.
ETFs endorsing Bitcoin may increase the value of Bitcoin somewhat. It is a happy news that Bitcoin has been approved by ETF. However, I am a bit skeptical about whether this will increase the value of Bitcoin in the long run or whether it will have a short-term impact on the price increase. What are your ideas?The market was highly buoyed by the approval of Bitcoin ETFs. We saw the market go from $44k to $48969 as the Bitcoin ETF was approved. But the price has come down a bit. Even if the price drops a bit, we may soon see an increase in the price of Bitcoin. Also, since we don't have much time left until the Bitcoin halving, we can rest assured that Bitcoin will grow.
Finally, the long-awaited event by the Bitcoin community, everyone was waiting for this approval and the big positive results it will have on the market.
Of course, it is expected that the positive effect will begin to appear and cause successive waves of rise in the price of Bitcoin, but what concerns me more than the rise in price is the imposition of a fait accompli and recognition by the American government that is most hostile to Bitcoin.
This approval is an implicit recognition of Bitcoin by the US government. Bitcoin has become an integral part of the global economy and no one can ignore it anymore.
Finally, after much speculation, imagination and drama, Bitcoin has been officially approved. At the moment the Bitcoin market is hovering around $47335. We will see Bitcoin price close to $50,000 very soon. The news of Bitcoin ETF approval is really good. How do you feel about your opinion?
Finally, the long-awaited event by the Bitcoin community, everyone was waiting for this approval and the big positive results it will have on the market.This is not yet recognition of Bitcoin by the US government. The first application for a spot ETF, filed with the SEC back in 2013 by the Winklevoss brothers, was rejected in 2017. Despite the passage of time, the SEC's views on the nature of digital assets have not changed at all. Here's the statement he made with yesterday's approval of exchange-traded funds:
Of course, it is expected that the positive effect will begin to appear and cause successive waves of rise in the price of Bitcoin, but what concerns me more than the rise in price is the imposition of a fait accompli and recognition by the American government that is most hostile to Bitcoin.
This approval is an implicit recognition of Bitcoin by the US government. Bitcoin has become an integral part of the global economy and no one can ignore it anymore.
This is not yet recognition of Bitcoin by the US government. The first application for a spot ETF, filed with the SEC back in 2013 by the Winklevoss brothers, was rejected in 2017. Despite the passage of time, the SEC's views on the nature of digital assets have not changed at all. Here's the statement he made with yesterday's approval of exchange-traded funds:Yes, I know this completely, and I know that they did not accept Bitcoin as a currency, simply because Bitcoin, in its nature, violates the basic principle upon which all governments are based, I mean centralization and control.
“...Bitcoin is primarily a speculative, volatile asset that is also used for illegal activities, including ransomware, money laundering, sanctions evasion and terrorist financing. Today we approved the listing and trading of certain shares of the bitcoin spot ETP, but we did not approve bitcoin."
The general message of the statement is that the SEC would have continued to prevent the emergence of an investment product if not for the judges’ peculiar interpretation of the securities law. A further waiver was no longer possible following the appeals panel's decision in favor of Grayscale in a case involving the conversion of a trust fund into a spot ETF.
I would say there is a bit of market manipulation going on ATM, we had a rise and then a fall which would suggest a clearing out of some long positions.I would also think about that.
ETFs endorsing Bitcoin may increase the value of Bitcoin somewhat. It is a happy news that Bitcoin has been approved by ETF. However, I am a bit skeptical about whether this will increase the value of Bitcoin in the long run or whether it will have a short-term impact on the price increase.No doubt that the good news from Bitcoin ETF approval will bring positive impact on the value of Bitcoin for the long run. But for the short time, it may increase quickly and then will drop again. We can see the current market trend, Bitcoin price is dropping to $41k - $42k just after it passed $48k. Not sure whether it is a market manipulation or not, but it is real that Bitcoin price dropped suddenly after it reached a new high rate.
That's fantastic news about the official approval of the Bitcoin ETF! It's been a long-awaited development in the crypto world, and it's great to see it finally happening. With Bitcoin's market hovering around $47,335 and the potential for it to reach $50,000, it's an exciting time for crypto enthusiasts.In fact, what is happening now is that we are in a market condition where most disposals are carried out by whales who are waiting for approval. Bitcoin is now around $42K if you look at the sharp drop in statistics after the Bitcoin ETF announcement. I think the significant movement will be more promising at the time of the halving, people who expected Bitcoin adoption at the ETF approval did not live up to expectations. They wanted a bullish high but we didn't break $45K. This means that the existing institutions are still in planning and have not moved at all apart from waiting for panic sales from people due to the negative news out there.
That's fantastic news about the official approval of the Bitcoin ETF! It's been a long-awaited development in the crypto world, and it's great to see it finally happening.We are happy that Bitcoin ETF has been accepted, everyone must feel optimistic about the future of Bitcoin and altcoins. It is already a long time to wait for this good news, many people doubt it before SEC announced whether it is officially approved. Indeed, this is a great history for Bitcoin, gradually we step up to the next level of Bitcoin investment.
With Bitcoin's market hovering around $47,335 and the potential for it to reach $50,000, it's an exciting time for crypto enthusiasts.Have you checked the current price of Bitcoin? It already dropped to $42,600. Although Bitcoin increased more than $48,000 after the news of Bitcoin ETF approval, it didn't show the sign for the next pump. So, I am not sure we will see the Bitcoin price to reach $50,000 in the near future.
I believe that 50,000 or more is not going to happen. Why should it be? First, the market is playing backwards, if everyone is expecting a rise, there will be deception. Second, we need to start by analyzing why we fell so much. And end with what the future holds for us.
After ETF bitcoin approved, We see the price of bitcoin rising significantly, everyone hopes Bitcoin will soon touch the price of $ 50K. Meanwhile, you said the reality is usually the opposite. Maybe it's your experience in the past, but I think bitcoin will have some correction but it won't go below $ 40K. My prediction is that Bitcoin will be priced at $ 50K next week.As it shows (my personal experience) if everyone expects the same price = most likely there will be a scam somewhere. My understanding is they won't give a higher price, somewhere +/- from current values there will be a drop. Unless, of course, some positive news comes out "suddenly". Let's not forget, the market is manipulated. Deception can happen at any minute. Speculation, nothing more. Honestly, did anyone expect a drop after ETF approval? Me, personally, not so much.
After ETF bitcoin approved, We see the price of bitcoin rising significantly, everyone hopes Bitcoin will soon touch the price of $ 50K. Meanwhile, you said the reality is usually the opposite. Maybe it's your experience in the past, but I think bitcoin will have some correction but it won't go below $ 40K. My prediction is that Bitcoin will be priced at $ 50K next week.It is natural that Bitcoin prices are increasing because when the ETF proposal is approved and it is close to the halving moment, it will have a big influence on Bitcoin price movements. It looks like the price increase will be maximized this year and next year because, currently, many people are still buying Bitcoin. until it approaches the halving, so keep taking advantage of Bitcoin price movements before the halving occurs because buying before the halving will potentially provide a lot of profit.
It is natural that Bitcoin prices are increasing because when the ETF proposal is approved and it is close to the halving moment, it will have a big influence on Bitcoin price movements. It looks like the price increase will be maximized this year and next year because, currently, many people are still buying Bitcoin. until it approaches the halving, so keep taking advantage of Bitcoin price movements before the halving occurs because buying before the halving will potentially provide a lot of profit.
I also think like that, since the ETF Approved the price of bitcoin has risen and touched $ 50K today. This is something fantastic because it happened before the halving, different from the past. From the current bitcoin price movement, it is likely that Bitcoin will touch $60-70K during the halving and will touch more $150K while bullish.Currently, the Halving Journey is still ongoing, and there is a possibility that the price of Bitcoin will reach more than what you mentioned because, so far, more and more people have found it easy to buy Bitcoin because of the ETF approval, so demand will be higher, and of course, this will have a good impact on price movements. Bitcoin will always rise until it approaches a halving.
Finally, after much speculation, imagination and drama, Bitcoin has been officially approved. At the moment the Bitcoin market is hovering around $47335. We will see Bitcoin price close to $50,000 very soon. The news of Bitcoin ETF approval is really good. How do you feel about your opinion?
We are happy that Bitcoin ETF has been accepted, everyone must feel optimistic about the future of Bitcoin and altcoins. It is already a long time to wait for this good news, many people doubt it before SEC announced whether it is officially approved. Indeed, this is a great history for Bitcoin, gradually we step up to the next level of Bitcoin investment.