Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on December 19, 2023, 05:40:24 PM

Title: Investment plan for upcoming BTC Spot ETF event
Post by: MrSpasybo on December 19, 2023, 05:40:24 PM
Currently, the market is waiting for a decision from the SEC regarding the approval of the BTC Spot ETF. Bloomberg also thinks we have a 90% chance the BTC Spot ETF will be approved (Grayscale Trust Becomes ‘Betting Line’ for Spot Bitcoin ETF (https://www.bloomberg.com/news/articles/2023-11-29/grayscale-trust-becomes-live-betting-line-for-spot-bitcoin-etf)).

Many market experts are commenting very positively on the impact of the BTC Spot ETF on the crypto market (Gauging Spot Bitcoin ETF's Impact on Price Volatility (https://www.coindesk.com/markets/2023/12/01/gauging-spot-bitcoin-etfs-impact-on-price-volatility/)). I agree that BTC Spot ETF will be a channel for large amounts of money from institutional investors to flow into Bitcoin and the entire crypto market, similar to what Gold Spot ETF has done in the past. However, from a price perspective, I think all the optimism about the possibility of the BTC Spot ETF being approved has seeped into the price.

We know the behavior of “buying the rumors, selling the news” in financial markets, plus as soon as the BTC Spot ETF is approved, new money cannot immediately flow into the crypto market. Instead, the market will lack positive news to maintain investor FOMO, meaning we could see a 20%-30% correction in BTC price and of course overall. market department.

I am following the price action around $49K area, if BTC reverses, I think I will also exit my current position with BTC and ALTS to protect my existing profits, then maybe I will return to market after BTC Halving (expected to arrive in Q2 2024).

What is your opinion on the short-term impact of the BTC Spot ETF on the market immediately after its approval? A positive push to push the price up or a big selling force to push the price down? How do you plan to handle your portfolio around the launch of the BTC Spot ETF?
Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: Ambatman on December 19, 2023, 06:27:36 PM
This here is exactly my thoughts too
History has shown that after a rumour
There's a dip later when the news comes to fruition
Its still possible to buy any dip before the approval through DCA.
I just hope gary doesn't play its old trick of reacting negatively to the ETF.
Whose dip might lead to liquidation for future holders.
Guess market/news manipulation makes using spot way safer and less risky.
Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: SamReomo on December 19, 2023, 07:28:08 PM
Quote from: MrSpasybo on December 19, 2023, 05:40:24 PM
What is your opinion on the short-term impact of the BTC Spot ETF on the market immediately after its approval? A positive push to push the price up or a big selling force to push the price down?
I believe that once BTC spot ETF gets approved by SEC, we may see a huge pump in the value of Bitcoin. Investors are waiting eager for the spot ETF's approval and as soon as it gets approved the investors will start buying Bitcoin in bulk because they want to have short term profit from the pump.

The value of Bitcoin will get huge pumps and we may see more than 10% to 20% pump within a week depending on the intensity of the buyers. After that we may see some price correction and if corrections doesn't exceeds 7% then we may see another push in the price of Bitcoin.
Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: sampoerna on December 19, 2023, 10:53:21 PM
Quote from: MrSpasybo on December 19, 2023, 05:40:24 PM
What is your opinion on the short-term impact of the BTC Spot ETF on the market immediately after its approval? A positive push to push the price up or a big selling force to push the price down? How do you plan to handle your portfolio around the launch of the BTC Spot ETF?
If BTC Spot ETF can be approved in the near future, there should be a good impact on the market. Crypto investors will be more optimistic about crypto assets, there will be bigger demands on crypto coins. So, we can expect that there is a pump on crypto prices if there is good news about BTC Spot ETF. The positive impact on BTC Spot ETF will bring big supports to the hype of Bitcoin halving. I'm very sure that there will be high increase on buying crypto coins. People probably won't sell their coins soon, they prefer to keep it until crypto market reaches the bullrun season.

However, I don't know what the progress about BTC Spot ETF. Do you know the latest news related to BTC Spot ETF? I only know SEC still doesn't decide anything with the proposal.  :-\

Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: MrSpasybo on December 20, 2023, 03:51:25 PM
Quote from: sampoerna on December 19, 2023, 10:53:21 PM
I don't know what the progress about BTC Spot ETF. Do you know the latest news related to BTC Spot ETF? I only know SEC still doesn't decide anything with the proposal.  :-\
You can search for information on CoinDesk or Cointelegraph for information related to BTC Spot ETF:
For example, here is the most recent update on the BTC Spot ETF from CoinDesk:
BlackRock, Nasdaq, SEC Met Regarding Bitcoin ETF (https://www.coindesk.com/markets/2023/12/20/blackrock-nasdaq-sec-met-regarding-bitcoin-etf/).

From these updates, we can see that companies applying for BTC Spot ETF are taking steps to complete SEC requirements for a possible issuance in January 2024.
Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: MrSpasybo on January 10, 2024, 11:35:28 PM
BTC Spot ETF has officially been approved [1].
Its immediate impact was very positive for the crypto market: BTC increased slightly and Altcoin increased strongly: topcoins increased from 5% to 15%.

I expect BTC prices to continue to increase slightly over the next few weeks to maintain the recovery momentum of Altcoins.

Crypto Heatmap (https://www.tradingview.com/heatmap/crypto/)

(https://thumbs2.imgbox.com/40/a5/LZoFzajN_t.png)
[1] Spot Bitcoin ETF receives official approval from the SEC (https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals)

Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: gunhell16 on January 11, 2024, 04:03:04 PM
Quote from: MrSpasybo on January 10, 2024, 11:35:28 PM
BTC Spot ETF has officially been approved [1].
Its immediate impact was very positive for the crypto market: BTC increased slightly and Altcoin increased strongly: topcoins increased from 5% to 15%.

I expect BTC prices to continue to increase slightly over the next few weeks to maintain the recovery momentum of Altcoins.

Crypto Heatmap (https://www.tradingview.com/heatmap/crypto/)

(https://thumbs2.imgbox.com/40/a5/LZoFzajN_t.png)
[1] Spot Bitcoin ETF receives official approval from the SEC (https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals)

I think that now that the bitcoin spot Etf has been approved, I suggest that it is better not to sell bitcoin at first instead of selling and saving it for those who believe that they want to experience profit from bitcoin.

Because it's actually difficult to predict the movement or direction of Bitcoin's price value at this point. To be honest, its movement is still quite volatile at the moment, so in my opinion, it is difficult to keep up with just my opinion since the market is too unpredictable.
Title: Re: Investment plan for upcoming BTC Spot ETF event
Post by: MrSpasybo on January 11, 2024, 05:28:58 PM
Quote from: gunhell16 on January 11, 2024, 04:03:04 PM
I think that now that the bitcoin spot Etf has been approved, I suggest that it is better not to sell bitcoin at first instead of selling and saving it for those who believe that they want to experience profit from bitcoin.

Because it's actually difficult to predict the movement or direction of Bitcoin's price value at this point. To be honest, its movement is still quite volatile at the moment, so in my opinion, it is difficult to keep up with just my opinion since the market is too unpredictable.
I can't predict short-term price movements, when crypto market is filled with both people "sell-the-news" and people "FOMO", but I believe that in the long term, BTC Spot ETF provides a great impetus for the bullrun 2025. Perhaps every investor will have to ask themselves: in which case will I regret more: "sell and BTC price continues to increase sharply" or "hold but price temporarily decreases".

I am not qualified to give financial advice to anyone, I just continue to hold and stake my crypto until 2025.