Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: James Anderson on December 04, 2023, 07:29:18 AM
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The recent surge in Bitcoin's value can be linked to a few key factors. Firstly, it's connected to the optimistic remarks made by U.S. central bankers and the increasing optimism about the potential approval of a Bitcoin spot ETF. Additionally, traders seem more positive about an upcoming rally. Recent reports have shown a withdrawal of 37,000 BTC by holders in the latter part of November, suggesting they're choosing to directly secure their tokens.
Furthermore, there's anticipation in the market for a potential interest rate cut in the next year. This anticipation follows statements from FED chairman Jerome Powell, hinting that interest rates might be in a restrictive phase, influencing various markets. Alongside this, traders are actively participating in bullish option strategies, making significant long trades, and predicting a price surge to $45,000 before the year ends. These actions indicate growing confidence and high expectations, potentially contributing to further upward movement in Bitcoin's price.
What's your opinion on BTC Price
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Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.
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Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.
The approval of Bitcoin ETF would pave way for increase meanstrem adoption and it's expected to be approved in next 29 days from what I read. I'm looking at $75k before half quarter of 2024
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The supportive remarks made by US central bankers the increasing hope for the establishment of a Bitcoin spot ETF, and the heightened excitement among traders for an impending rally are all contributing causes to the recent spike in the value of Bitcoin. Significant BTC withdrawals reported recently appear to indicate that holders are taking direct measures to secure their tokens and market forecasts of a future interest rate decrease as well as bullish option methods indicate that confidence and expectations are growing perhaps driving BTC toward $48000 by New year start.
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not to mention halving too.
the ETF is just as speculation for now but because its the biggest institution(BLACKROCK) that is pushing it, i think people are really seeing it to happen even when its been rescheduled over and over. they say it would be this Jan. and then later on i once again watched a new channel they are saying this will happen this Dec.
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After few weeks of surge we see a sideways movement and can be a possible correction ahead and this bump is nothing but a speculation and still we are away from the hike of halving.
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What's your opinion on BTC Price
The ETF approval might contribute to the price surge of Bitcoin but it's yet to be approve. Basically, I think the increase in the price of Bitcoin is due to other factors like high demand (the buy pressure). There have been different prediction (by market analyst) of Bitcoin price going above $100k in the bull market that's about to come and as such, many investors are accumulating more Bitcoin daily, weekly and monthly depending on how they have set their buying strategy. The approach of investors buying more Bitcoin also contribute to high price.
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What's your opinion on BTC Price
The ETF approval might contribute to the price surge of Bitcoin but it's yet to be approve. Basically, I think the increase in the price of Bitcoin is due to other factors like high demand (the buy pressure). There have been different prediction (by market analyst) of Bitcoin price going above $100k in the bull market that's about to come and as such, many investors are accumulating more Bitcoin daily, weekly and monthly depending on how they have set their buying strategy. The approach of investors buying more Bitcoin also contribute to high price.
Everyone is FOMO'ing I guess, but if you look at it, seems to be very positive indication that we all have been waiting for this to happen. But the latest approval that we should be getting is January next year if I'm not mistaken.
So if SEC decided around January, the bull run could start even without the block halving.
Lots of scenario right now that we can think of, but one thing is for sure, after the block halving, we should expect a bull run.
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The recent surge in Bitcoin's value can be linked to a few key factors. Firstly, it's connected to the optimistic remarks made by U.S. central bankers and the increasing optimism about the potential approval of a Bitcoin spot ETF. Additionally, traders seem more positive about an upcoming rally. Recent reports have shown a withdrawal of 37,000 BTC by holders in the latter part of November, suggesting they're choosing to directly secure their tokens.
Furthermore, there's anticipation in the market for a potential interest rate cut in the next year. This anticipation follows statements from FED chairman Jerome Powell, hinting that interest rates might be in a restrictive phase, influencing various markets. Alongside this, traders are actively participating in bullish option strategies, making significant long trades, and predicting a price surge to $45,000 before the year ends. These actions indicate growing confidence and high expectations, potentially contributing to further upward movement in Bitcoin's price.
What's your opinion on BTC Price
This is not longer surprising and yes perhaps, these are definitely major factors that have contributed to Bitcoin's recent price surge. The possibility of a Bitcoin spot ETF has been on investors' radar for quite some time now and the potential for approval could lead to a significant increase in demand for Bitcoin. Moreover, the comments made by U.S. central bankers have helped to ease investor concerns about the potential for regulation which has also been a significant factor in the recent price movement. We are watching as we keep on approaching the halving in few months.
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After few weeks of surge we see a sideways movement and can be a possible correction ahead and this bump is nothing but a speculation and still we are away from the hike of halving.
The price is still at $44k though, so we might call this sideways but still the price is going strong and we might be looking at $45k-50k at the end of the year price. As for this pump, as others speculated it could be because of the Bitcoin ETF approval news as there are a lot of entities in the pipeline, including BlackRock, Fidelity, ARK Invest and 21Shares.
And we have this news 3 days ago:
The world’s largest asset manager, BlackRock, received $100,000 in seed funding from an unknown investor for its spot Bitcoin
BTC exchange-traded fund (ETF) in October 2023, according to its latest United States Securities and Exchange Commission (SEC) filing.
https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing
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Everyone is waiting for the approval of the ETF, which caused the price of Bitcoin to pump significantly, although I warn against being overly optimistic, but I expect that we will see 47-48K$ before the end of the year.
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I think the analysis of Bitcoin recent increase in value is very interesting. Some things that may caused the price to go up are positive comments from important people in the US government the possibility of a Bitcoin investment fund approved and people taking their Bitcoin out of storage. People also expecting that interest rates may go down and traders using strategies that make them think the price will goes up. It is hard to say exactly how much Bitcoin will be go up in the future but these things show that people looking more confident and hopeful. In general it seems like the current conditions in the market and what investors think are making Bitcoin price go up.
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Bitcoin currently is beginning to retrace it's steps back to 40k, after several weeks of hovering round the 44-45k. I guess we might be expecting it to fall below 40 or 39 for now and stay till the ending of 2023. I guess so many investors expected it to hit the 50k or 48k before the end of the year. Buh ;)
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Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.
With or without the Spot ETF, I believe Bitcoin has the potential to hit $50k, the latest trend and movement of Bitcoin could actually prove that. I'm not saying the ETF wouldn't contribute to the growth of Bitcoin, I'm just saying that people are putting too much hope in the ETF, even if the ETF is approved, we seem to forget that the people that would benefit the most from it are the top investors and not everyone.
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Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.
You're exactly right the approval of ETF will pump the Bitcoin price to good levels. I expect that with approval we may see Bitcoin's price going above $50k and may reach $55k. There can also be an upward pump in the price of Bitcoin during the Christmas or after it and if that happens then the ETF approval will take that pump to even more intense levels.
Some people think that Bitcoin may dump again to $38k or $35k level and if that happens then it would be very hard for Bitcoin to cross $50k value but I'm still optimistic that Bitcoin will have upward movements in the coming days. We may see price correction after $50k value but that won't take Bitcoin to $35k levels again if it reaches $50k value.
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Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.
You're exactly right the approval of ETF will pump the Bitcoin price to good levels. I expect that with approval we may see Bitcoin's price going above $50k and may reach $55k. There can also be an upward pump in the price of Bitcoin during the Christmas or after it and if that happens then the ETF approval will take that pump to even more intense levels.
Some people think that Bitcoin may dump again to $38k or $35k level and if that happens then it would be very hard for Bitcoin to cross $50k value but I'm still optimistic that Bitcoin will have upward movements in the coming days. We may see price correction after $50k value but that won't take Bitcoin to $35k levels again if it reaches $50k value.
Yeah that's right $35k is a strong resistance for Btc, Btc will definitely hit around the price range of $50k if Btc ETF got approved but know one know about the upcoming outcome about the ETF approval. So let's just wait and see what is to happen next. But just keep holding.
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Yeah that's right $35k is a strong resistance for Btc, Btc will definitely hit around the price range of $50k if Btc ETF got approved but know one know about the upcoming outcome about the ETF approval. So let's just wait and see what is to happen next. But just keep holding.
I like this opinion, I think we will btcoin dump about 35-38K USD , but It doesn't big matter. Bitcoin will pump again and will reach 50K USD at the begining the next year.
I think the middle of January we will see bitcoin touch 50-55K USD.
If you have bitcoin now.
Hold it.
And better buy several potential altcoins such as Ethereum, BNB, DOT, SOL etc.
The coins that you have analyzed will grow at the next year.
Good Luck mate.
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The price of Bitcoin can increase for a number of reasons. Currently, the price of Bitcoin is above 40 thousand dollars. The upward trend of the bull market suggests that the price of Bitcoin may move closer to or above fifty thousand dollars in 2024. Bitcoin's value is more likely to increase by increasing the ETF stream. It is expected that the value of Bitcoin will increase.
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Yes the Bitcoin Spot ETF is undoubtedly one of the major factors that is influencing the market heavily right now, especially right now that the chances of approval is really high, investors are now very optimistic about the bitcoin market. Another reason could also be the upcoming bitcoin halving too.
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Yes, now we are seeing the value of Bitcoin increasing. Contribution of increasing popularity of the platform and acceptance of cryptocurrency business in the market. Due to which Bitcoin reaches great heights. The trends in which cryptocurrency develops include institutional participation and the broader financial environment. Bitcoin price rises above $40,000 or $50,000. This can be expected in 2024 due to which the interest and confidence of investors in cryptocurrencies seems to be increasing
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Yes the Bitcoin Spot ETF is undoubtedly one of the major factors that is influencing the market heavily right now, especially right now that the chances of approval is really high, investors are now very optimistic about the bitcoin market. Another reason could also be the upcoming bitcoin halving too.
News about Bitcoin ETFs is always an issue that makes the Bitcoin trend very positive or vice versa. Because sometimes the price of Bitcoin can jump quite significantly because of news related to the Bitcoin ETF. and of course we hope that the increase in Bitxoin will continue to be significant and continue to increase, especially heading to the bullish era. But now, the price is still volatile and we may also be going to face any other market correction.
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There could be many reasons for the increase in the value of Bitcoin. Basically, the reason for the increase in the price of Bitcoin cannot be clearly stated. However, past surveys suggest that the price of Bitcoin declines at the beginning of each year and slows down in the middle, and at the end of the year Bitcoin price accelerates like a bull market. Everyone has some role behind the increase in the value of Bitcoin and the decrease in the value of Bitcoin. For example, some people invest in Bitcoin and others sell Bitcoin, thereby the price of Bitcoin can go up and down. It may be that the market has completely dumped or the market has gone up completely.
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Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.
I think I agree with this prediction, bitcoin will touch $50K at the beginning next year, January 2024.
I see the market trend is going up.
ETF is the factor behind this condition.
But it's just the beginning....
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After few weeks of surge we see a sideways movement and can be a possible correction ahead and this bump is nothing but a speculation and still we are away from the hike of halving.
Well It appears that the recent surge in activity may be leveling off, also suggesting a period of sideways movement in the market. My observation raises the possibility of an impending correction, highlighting the potential speculative nature of the recent bump in activity. It's worth noting that despite the recent increase, we are yet to experience the anticipated hike associated with the halving.
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I think I agree with this prediction, bitcoin will touch $50K at the beginning next year, January 2024.
I see the market trend is going up.
ETF is the factor behind this condition.
But it's just the beginning....
What if this is the beginning of the end? What if this is the tenth time we've been manipulated? And we confidently succumb to such scenarios.
At 16,000, did You expect 35,000 and up? Personally, I couldn't believe that number. Because everyone expected btc, on the contrary, to fall below 10,000. And once again we were all fooled. Isn't the same thing happening now? Think about it
What with Halving, what with the adoption of spot ETFs, we could lose everything. (If we be go along with go the manipulator). And it's the manipulator that will take everything we've earned and give us no other opportunity.
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Well, there is speculation that this 2024 in January will start with everything, I have seen some articles where he has basically made good predictions and they can attest that things will be very much headed towards something better, that is, it is likely that the ETFs will be confirmed and approve, the most skeptical people who do not support Bitcoin much know it and are beginning to generate more controversy, of course all their analysts are seeing a favorable panorama for Bitcoin and it may increase in price widely, this is beneficial for everyone, because Those who have these prices and bought when it was at $36k have made good money there, however those who have even more Bitcoin, the big investors do not want to sell Bitcion, things are getting very good, the expectations for this new year They will increase much more.
I hope that it reaches a good price in 20245 and that a lot can be done about it, because it is what we have been waiting for since 2021, although it says that the Bitcoin upload pattern is every 4 years.
But:
Bitcoin ETF approval won't trigger crypto market rally — Options Data
(https://www.talkimg.com/images/2023/12/31/IeZJT.png)
Drawing from these insights, Greeks.live asserted that the market has already considered the potential approval of the spot Bitcoin ETF. In simpler terms, participants in the market could have expected the occurrence and modified their positions accordingly, resulting in the actual approval having a limited impact on prices and volatility.
Asset managers BlackRock, Valkyrie and Van Eck submitted amended S-1 forms to the United States Securities and Exchange Commission on Dec. 29, the final day for the SEC to consider them in January 2024. Invesco Galaxy, Bitwise, WisdomTree and Fidelity Form S-1 applications coming in after.
Source: https://cointelegraph.com/news/bitcoin-etf-approval-wont-trigger-crypto-market-rally-options-data?_gl=1%2a6tgphd%2a_ga%2aMTQ1MTc0ODA0MS4xNjkwNTkwOTM3%2a_ga_53R24TEEB1%2aMTcwNDAzMzM2OC4yOS4xLjE3MDQwMzMzNjguMC4wLjA.&_ga=2.256591497.348132825.1704033370-1451748041.1690590937 (https://cointelegraph.com/news/bitcoin-etf-approval-wont-trigger-crypto-market-rally-options-data?_gl=1%2a6tgphd%2a_ga%2aMTQ1MTc0ODA0MS4xNjkwNTkwOTM3%2a_ga_53R24TEEB1%2aMTcwNDAzMzM2OC4yOS4xLjE3MDQwMzMzNjguMC4wLjA.&_ga=2.256591497.348132825.1704033370-1451748041.1690590937)
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But:
Bitcoin ETF approval won't trigger crypto market rally — Options Data
Well, this I honestly do not agree with, I mean, ever since this whole discussion about possible approval of the bitcoin spot ETF by the US SEC. The price of bitcoin have been on a steady rise with some minor and major corrections along the way, personally, we are approaching the bitcoin halving quite alright, but I do not think that this is a major catalyst that will drive the bitcoin and cryptocurrency bull run come next year, what will act as the catalyst that will drive the price of bitcoin and the price of some other major altcoins is the ETF approval, who ever is saying otherwise possibly do not know what they are saying.
We have seen enough halvings and many of us have gotten used to it, halving no longer possess the kind of charm needed to drive bitcoin to a new all time high in price, something new have to be on board, and that is the ETF approval.
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It's normal for Bitcoin prices to rise because this phase will definitely continue.
I've read it for this thread, and some say ETFs are the main factor, SEC regulations etc.
What is interesting about Bitcoin continuing to rise again is because Bitcoin has its own community to increase its price, such as investors, traders or several retail traders.
40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.
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It's normal for Bitcoin prices to rise because this phase will definitely continue.
I've read it for this thread, and some say ETFs are the main factor, SEC regulations etc.
What is interesting about Bitcoin continuing to rise again is because Bitcoin has its own community to increase its price, such as investors, traders or several retail traders.
40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.
But if you think that the price will go to $125k as our new all time high, then you can still make money even if you bough at around $40k-$45k'ish isn't it. As for the price surge, yes, it's about the Bitcoin ETF approval that we all have been waiting for.
There are even bets right now about the approval,
At the Polygon-based gambling site Polymarket, traders have placed their “Yes” or “No” bets on whether the Bitcoin ETF applications will be approved. At the time of writing, around $1.5 million worth of bets have been placed, with most of the traders buying shares of “Yes.”
https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community
The approval date is January 15, so it's about a week from now, we will see the decision of SEC.
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40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.
If you look at the previous ATH of Bitcoin at $ 68,000 after the 2020 Bitcoin halving. I think $ 125,000 is a number that can still be achieved. It is possible that ATH will occur in 2025. This year we should do research and purchase to add to our coin collection to hold for next year 2025. Anything can happen to crypto. Prepare free money if you want to hold until ATH, because it takes a long time. Every investment requires patience..
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40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.
If you look at the previous ATH of Bitcoin at $ 68,000 after the 2020 Bitcoin halving. I think $ 125,000 is a number that can still be achieved. It is possible that ATH will occur in 2025. This year we should do research and purchase to add to our coin collection to hold for next year 2025. Anything can happen to crypto. Prepare free money if you want to hold until ATH, because it takes a long time. Every investment requires patience..
Although I do admire your optimism, I would like to warn you against presuming that past performance indicates what will happen in the future. Because cryptocurrencies are so erratic, it's not a given that Bitcoin will rise to its prior record high. I'm happy that you're expanding your portfolio and conducting research.
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40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.
If you look at the previous ATH of Bitcoin at $ 68,000 after the 2020 Bitcoin halving. I think $ 125,000 is a number that can still be achieved. It is possible that ATH will occur in 2025. This year we should do research and purchase to add to our coin collection to hold for next year 2025. Anything can happen to crypto. Prepare free money if you want to hold until ATH, because it takes a long time. Every investment requires patience..
Your prediction is almost the same as mine because this estimate is the right time where Bitcoin can ATH again, provided that I look at the previous cycle time then this will probably happen the same, keep in mind this is my own speculation.
Now the price of bitcoin has been pumped, as a result of the CNBC news which announced that it is possible that an ETF will be approved in the next two days, that is the price spike now has a positive impact, but you don't need to hesitate because this is expensive it's clear because it goes up, think again if bitcoin is above $100K so at the current price of $47K it is still low, just buy and HODL, you need to practice patience to appear stronger in facing any news.
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It's only been a month since this topic was opened, but Bitcoin is now close to $50,000. I think commodities can still be very cheap compared to gold and stocks. I expect a crash in the market after the halving but I believe these are sunny days for us. ETF and halving expectations will push the price even higher and altcoins will get their share of this positive mood. I think everything is just beginning and we are at the beginning of a fun period. I expect new aths in Bitcoin and Ethereum.
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40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.
If you look at the previous ATH of Bitcoin at $ 68,000 after the 2020 Bitcoin halving. I think $ 125,000 is a number that can still be achieved. It is possible that ATH will occur in 2025. This year we should do research and purchase to add to our coin collection to hold for next year 2025. Anything can happen to crypto. Prepare free money if you want to hold until ATH, because it takes a long time. Every investment requires patience..
Things like this are still possible to happen and indeed seeing the movement of bitcoin and seeing an increase in the adoption of bitcoin which is getting stronger, it could even be that the price is exceeded, it's just that what needs to be considered for now is that we still only have to wait and be patient for the new ATH price to exist.
The movement of ETFs now is actually a little bit confusing especially for those who are new to the bitcoin space because they are still seeing how influencers speak but if in the end we already realize that this is progress for the long term I don't think we need to worry too much about it.