Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: examplens on January 11, 2024, 09:36:38 PM
-
What are we celebrating here?
OK, quite a bit of euphoria has been created due to the ETF approval, I have seen many invitations to celebrate, and I find it especially interesting from ordinary users. So I wonder, what exactly do we "little" Bitcoin users get from this event and why should we be happy about it?
The way I see it, we're just getting another big player who will keep a large amount of Bitcoin under his control. Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
Also, Bitcoin enters the WS, a market that is almost dependent on manipulation, it is of course an atmosphere suitable for big players and big stakes. How resistant is the Bitcoin ecosystem to such a thing?
Second thing, everyone is looking forward to record values, and rising BTC prices, but what happens when it reaches $200k, for example? For us ordinary people, it will be much more difficult to collect a significant amount of Bitcoin, so even from that point of view, I see no reason to celebrate everyone who has less than 30BTC in their wallet.
-
Thanks for sight to everyone hoping for the quick approval of the Bitcoin ETF. A lot of Bitcoin users are indeed looking to make a profit from buying and selling , which explains why many people reflexively support Bitcoin being on WS asap. Many holders believe that the value of their wealth will increase without considering what developments Bitcoin might experience when it arrives on Wall Street.
Personally, I don't expect much from the Bitcoin ETF. In fact, I think it will be rejected multiple times for a long time. I'm not preparing for any decision from the SEC, and I won't be selling or buying Bitcoin just because of the SEC's recent decision. My selling target for BTC is already set, but I want to hold onto it longer, at least until the halving occurs.
Just enjoying the moments within Bitcoin itself rather than external factors..
-
The expectation of bitcoin ETF approval has been drawn for so long and it is a good thing that it finally got accepted today even though many of us don't know the future downside of it in years to come due to the fact everyone's focus was what the upcoming halving and bull run has for us toward bitcoin price.
If what you stated here is what we are to expect in years to come ''for bitcoin to go way beyond the price of ordinary investors would acquire'', that means, let everyone not sell their whole accumulated bitcoin at once during the bull run. Investors should sell 60% of their bitcoin if possible and hodl 40% because nobody what tomorrow's price of Bitcoin would be
-
This news about approving Bitcoin ETF means that most or even all of the people are very happy and satisfied with the results. Because after all, the hope is that with the approval of the Bitcoin ETF, it will be able to increase the price of Bitcoin or will have an impact on the price of crypto in the market. So no matter what, our expectations of Bitcoin's price will always increase.
-
This news about approving Bitcoin ETF means that most or even all of the people are very happy and satisfied with the results. Because after all, the hope is that with the approval of the Bitcoin ETF, it will be able to increase the price of Bitcoin or will have an impact on the price of crypto in the market. So no matter what, our expectations of Bitcoin's price will always increase.
But for example, can you give me an explanation why the higher price of Bitcoin will have a positive effect on you? What is the main benefit that you or I or the majority of members from this forum will have from BlackRock or the higher price of Bitcoin?
-
Yes, Bitcoin ETF is approved already. I think we can celebrate it because it is a big news for crypto industry. However, I'm not sure how far this news to bring the influence for crypto prices. I see that some coins starting to increase their prices. But I don't see the Bitcoin price increase very significantly. I may need time for the Bitcoin price to skyrocket. :-\
-
Yes, Bitcoin ETF is approved already. I think we can celebrate it because it is a big news for crypto industry. However, I'm not sure how far this news to bring the influence for crypto prices. I see that some coins starting to increase their prices. But I don't see the Bitcoin price increase very significantly. I may need time for the Bitcoin price to skyrocket. :-\
Yes, of course we can celebrate Bitcoin ETF approval because Bitcoin ETF approval is very happy news for Bitcoin users and Bitcoin investors. The news of Bitcoin ETF approval hit the cryptocurrency market a lot. We saw Bitcoin go from $44,000 to $48,969 as soon as the Bitcoin ETF was approved. But even if the market doesn't see a peak in Bitcoin ETF approvals, we know the Bitcoin halving isn't much longer. After the Bitcoin halving we may see a peak market for Bitcoin.
-
Yes, of course we can celebrate Bitcoin ETF approval because Bitcoin ETF approval is very happy news for Bitcoin users and Bitcoin investors. The news of Bitcoin ETF approval hit the cryptocurrency market a lot. We saw Bitcoin go from $44,000 to $48,969 as soon as the Bitcoin ETF was approved. But even if the market doesn't see a peak in Bitcoin ETF approvals, we know the Bitcoin halving isn't much longer. After the Bitcoin halving we may see a peak market for Bitcoin.
The approval of spot BTC-ETFs will have a long-term effect on the crypto industry. It will probably take several months or even years for the market to peak, although I think many traders and enthusiasts were expecting and anticipating that the BTC price would easily break $50k and "fly to the moon" immediately after the news was published.
-
Maybe then we will celebrate when the 11 companies that have been approved have a decided allocation amount so they can have Bitcoin holdings. Because right now, in my understanding, they still have a few months of compliance to follow for their holding of bitcoin.
This is their requirement, and they know it, and when the total amount of each of these companies is announced, Blackrock and Grayscale are leading, and here for sure there will be an immediate rally in the price value of Bitcoin.
-
As stated by others, it could raise Bitcoin price. But on other hand, it means people become more reliant towards custodial service and less likely to use Bitcoin as currency or payment method.
-
thanks..
Hopefully EFT will be approved, I see many people are very enthusiastic to hear it .
Maybe there are many people want to see this proposal will be approved, me too.
I think It will make good for bitcoin performance at market before bitcoin halving..
Honestly, I'm waiting moment what will happen about EFT bitcoin
-
Market reaction shows that the much awaited ETF was not a big deal after all, just another hype that some market manipulators used to make some profits. However, looking at it holistically, I think the Bitcoin ETF approval is something good for Bitcoin. First, it will add legitimacy to Bitcoin and will be a pathway for legalization of Bitcoin in several jurisdictions, by given some countries that placed outright ban on Bitcoin reasons to have a rethink.
Another good thing about the ETF approval is that it will create the much needed publicity for Bitcoin to flourish. From yesterday till now, there have been several commercials in reputable media houses regarding regarding Bitcoin. This is good and surely a nice way of selling Bitcoin to good percentage of human population.
Finally, there will be injection of capital into Bitcoin following the ETF approval. New funds by extension mean more liquidity for Bitcoin and a way of discouraging market manipulations as well.
-
Yes, Bitcoin ETF is approved already. I think we can celebrate it because it is a big news for crypto industry. However, I'm not sure how far this news to bring the influence for crypto prices. I see that some coins starting to increase their prices. But I don't see the Bitcoin price increase very significantly. I may need time for the Bitcoin price to skyrocket. :-\
This bitcoin ETF approval will make bitcoin be for the rich alone in future because the price will skyrocket and a poor or an average man might not be able to buy bitcoin, which makes it not going to benefit the poor but only the rich. It is only individuals that have a significant amount of bitcoin that will benefit from this. Majority of bitcoin will soon be controlled by centralized platform because in the upcoming bull run, a lot of individuals with small bitcoin will sell to Blackrock thing that they are making huge profit and they will forget that it will be hard for them to buy back such amount of bitcoin in 10yrs. It is better that the little amount of bitcoin that you have shoukd be cherished and hodli for a very long period of time so that you will still be happy that you own those bitcoin in future. If a lot of investors don't sell their bitcoin during the next bull run, and keep your coins in self custody, the amount of bitcoin that Blackrock will be in charge will not be as high as when we sell to them. It is only we that can keep the decentralized nature of bitcoin by not giving up our bitcoin to third parties to keep for us.
-
What are we celebrating here?
Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
... and I thought I was the only conspirationist here! ;D
-
I received many email invitations about the Bitcoin ETF celebration from various platforms that I had signed up for. It's probably a celebration that they do after successful approval.
I don't really have a reason why celebrating the Bitcoin ETF after approval, just happy about this good news that now bitcoin is entering more institutional investors into bitcoin with large funds, maybe we as retail investors will not feel that impact, it's just that from this news the possibility of bitcoin prices can record even higher especially this is combined in 1 year of two major Bitcoin ETF events and soon the halving will occur soon. So for me it still makes sense if bitcoin reaches ATH 200K.
-
The way I see it, we're just getting another big player who will keep a large amount of Bitcoin under his control. Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
I don't think that anyone thought bitcoin is/will/could destroy fiat. I personally see it as an alternative to the current system that will exist parallel to it and that's about it. After all, it was only a matter of time before the big players start amassing bitcoin.
Second thing, everyone is looking forward to record values, and rising BTC prices, but what happens when it reaches $200k, for example? For us ordinary people, it will be much more difficult to collect a significant amount of Bitcoin, so even from that point of view, I see no reason to celebrate everyone who has less than 30BTC in their wallet.
I don't know about you, but I think that owning few bitcoins at the moment it reaches $200k would solve many people financial problems so I don't think that only those who already have large amounts of bitcoin will benefit from it.
With that being said, I wasn't overly hyped in the period prior to ETH approval and all those rumours and I am not overhyped now.
-
What are we celebrating here?
I have less than 0.5 BTC or I should say I have less than 0.1 BTC but still I am happy for the time being that ETFs have been approved, the only reason for my joy is more money will flow into BTC, even if this comes with a price like big players will have many BTC into there holdings that they can even manipulate the price. Plus one other benefit I am seeing here is, that these big companies will hold BTC into what few cold wallets, and then they will sell their shares to the people, and people will buy them with fiat, in this process not a single transaction is being made on Blockchain.
This will avoid congestion and high fees (although increasing the price of BTC will still increase the fee for a single TX). As we know BTC blockchain still has scalability issues in that it cannot process huge traffic, so these approvals of ETFs have bought some time for the developers to improve the scalability of the BTC so that when these traditional people using ETFs will fed up with this and will turn to the BTC directly like using components (wallets, Smartcontracts, etc.) they will increase the number of TXs and till then I hope BTC would be ready to manage them.
-
It depends from where you are, here in my country having less than 5 is more than enough and could give you significant better life and even just having 0.5 - 1 BTC, that can help you financially already. I think that if it goes to $200k and more, everyone's lives are going to change a lot. We don't even have these etfs and yet, many lives have changed already so whether someone is celebrating this approval or not. It is certain somewhere in the future that you're going to celebrate any event that's significant and relevant to Bitcoin and your benefit from it.
-
The way I see it, we're just getting another big player who will keep a large amount of Bitcoin under his control. Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
I don't think that anyone thought bitcoin is/will/could destroy fiat. I personally see it as an alternative to the current system that will exist parallel to it and that's about it. After all, it was only a matter of time before the big players start amassing bitcoin.
Personally, I think it is much safer to buy an ETF than to keep bitcoin in an exchange.
I wouldn't do neither , but I have no problems if someone prefer to buy an ETF. Let people do whatever they want with their money.
Anyway, more people with lots of money can easily buy a bitcoin etf now.
Price will certainly react to that. Sooner or later. It is inevitable imo
-
The way I see it, we're just getting another big player who will keep a large amount of Bitcoin under his control. Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
I don't think that anyone thought bitcoin is/will/could destroy fiat. I personally see it as an alternative to the current system that will exist parallel to it and that's about it. After all, it was only a matter of time before the big players start amassing bitcoin.
Personally, I think it is much safer to buy an ETF than to keep bitcoin in an exchange.
I wouldn't do neither , but I have no problems if someone prefer to buy an ETF. Let people do whatever they want with their money.
Anyway, more people with lots of money can easily buy a bitcoin etf now.
Price will certainly react to that. Sooner or later. It is inevitable imo
Lesser of the two evil? Yeah I do agree, it's better to go for ETF as those companies knows how to handle huge clients as compare to exchange which is not safe. Anyhow, have everyone see the effect of the approval though?
It seems that we have a retracement as some point, prices going high as $49k but then move back to $42k when the news of a approval.
So it looks like someone is manipulating the price behind and doesn't want the price to go up and hit $50k as majority have been predicting.
-
Yes, of course we can celebrate Bitcoin ETF approval because Bitcoin ETF approval is very happy news for Bitcoin users and Bitcoin investors. The news of Bitcoin ETF approval hit the cryptocurrency market a lot. We saw Bitcoin go from $44,000 to $48,969 as soon as the Bitcoin ETF was approved. But even if the market doesn't see a peak in Bitcoin ETF approvals, we know the Bitcoin halving isn't much longer. After the Bitcoin halving we may see a peak market for Bitcoin.
Sure. It is good news for Bitcoin future and it is for the whole crypto space as well. After the news of Bitcoin ETF approval, surely the price of Bitcoin passed $48k but it looks like in a correction phase now. The price drop is quite large, Bitcoin price dropped to $41k - $42k. I am quite surprised that the price of Bitcoin could drop very significantly after the pump of Bitcoin price yesterday.
-
Just 2 days after approval here we are in Market dumping , started by Bitcoin and now the whole crypto market is bleeding , it is really a way to Celebrate the approval? :D :D
I am not frustrated and much concern because I have positioned my funds correctly even before the dump so I am confidently holding funds that is ready to buy again once the market dumped according to my target prices.
-
But for example, can you give me an explanation why the higher price of Bitcoin will have a positive effect on you? What is the main benefit that you or I or the majority of members from this forum will have from BlackRock or the higher price of Bitcoin?
I mean for some people Bitcoin is just an instrument to increase their wealth. Most of them still use fiat to buy stuff, and if Bitcoin prices increase significantly, they can sell some of them and buy stuff that they need (house, car, land, etc). Not every one of them needs sound money and will stay away from fiat forever, so, understandably, they are happy about it. I still think Bitcoin achieved its goal already whether ETF is approved or not, since people will keep using it to make transactions regardless of what happens on the market. CMIIW.
Just 2 days after approval here we are in Market dumping , started by Bitcoin and now the whole crypto market is bleeding , it is really a way to Celebrate the approval? :D :D
Not really surprising, people are selling on the news as usual. I would be surprised if the price pumped significantly after this. It is not a new behavior on the market, isn't it?
-
it is a good time to celebrate ATF approved, cheers....
But why after ETF approved, bitcoin goes dump..
almost all of altcoins price is going down now.
I try to buy more several potential to add my coin collection.
Hopefully crypto will shine again soon.
Because too long to wait bullish season, I have need in my life.
-
it is a good time to celebrate ATF approved, cheers....
But why after ETF approved, bitcoin goes dump..
almost all of altcoins price is going down now.
First, the news that the ETF would not be approved was announced, and this caused the value of Bitcoin to rise. However, when the ETF approval is confirmed, the value of Bitcoin drops dramatically in the short term. Sounds twisted, doesn't it?
I try to buy more several potential to add my coin collection.
Hopefully crypto will shine again soon.
Because too long to wait bullish season, I have need in my life.
Remember, invest only what you can afford to lose. Also, it does not have a profit until the investment cycle is completed.
Be responsible towards your money. ;)
-
It's very good news guys. The legal status of cryptocurrency in the US remains opaque, but a Bitcoin-based ETF allows regulated entities to legally invest in it without having to touch the cryptocurrency.
-
The way I see it, we're just getting another big player who will keep a large amount of Bitcoin under his control. Whoever decides on an ETF, will be given Bitcoin for "safekeeping" and in return, they will receive a dividend in Fiat. So, again Fiat, is exactly what we wanted Bitcoin to destroy.
I don't think that anyone thought bitcoin is/will/could destroy fiat. I personally see it as an alternative to the current system that will exist parallel to it and that's about it. After all, it was only a matter of time before the big players start amassing bitcoin.
I do think that at the beginning there were people who thought about it, and even when I got into this, in 2017 I saw several times on BTT people pointing to the possibility of that happening in the future. That was Satoshi's idea. But today bitcoin is mostly used as an investment, and in many cases it goes through centralised entities and KYC. Increasingly so, in fact, with ever stricter regulations in this regard. Spot ETFs are just another step in that direction.
-
There are many things that has to be understood by the people straight up, bitcoin ETF is not part of the bitcoin network, this is something entirely different from what determine the bitcoin price or value, just as any economic activities can mildly influence the market performance of the currency but on a short time base, we are seeming to be forgetting about halving than how we so much put more pressure on what doesn't even matters to the network, maybe some would have learnt their lesson on ETF approval by now.
-
Just 2 days after approval here we are in Market dumping , started by Bitcoin and now the whole crypto market is bleeding , it is really a way to Celebrate the approval? :D :D
Not really surprising, people are selling on the news as usual. I would be surprised if the price pumped significantly after this. It is not a new behavior on the market, isn't it?
well nothing that I care actually , what I only knew now is i need to gather as much that I can so if time comes(in which i know will surely come) is that all my crypto assets are more than enough for me to say thank you and I love you Bitcoin (and altcoins as well)
Sometimes we are tend to surprise ourselves from the things we have understand but forgot to take what it needed learn .
-
Looking for bitcoin one week after ETF approval I don't think have essential effort for celebrating this approval because bitcoin keep going on lower price, most close with bad thing after ETF approval bitcoin stuck lower price and difficult for raising to higher price. Comparison before ETF approval bitcoin price stable around $46k but after approving bitcoin get dump drastically and stable around $42k after one week announcement.
I don't know its some thing manage by whale how to make people losses patience waiting for bitcoin raise up again to higher price or ETF approval need several weeks later for bitcoin make new highest price for this year.
-
Looking for bitcoin one week after ETF approval I don't think have essential effort for celebrating this approval because bitcoin keep going on lower price, most close with bad thing after ETF approval bitcoin stuck lower price and difficult for raising to higher price. Comparison before ETF approval bitcoin price stable around $46k but after approving bitcoin get dump drastically and stable around $42k after one week announcement.
(https://i.ibb.co/KyMMrPC/IMG-8976.jpg)
When ETF was approve, I mean the official approval day, traders were anxious and didn't fomo or rush to do anything because of the tragic hack that happen to official SEC X handler, I wish that was true as they said it but that incident made traders to lose a lot of confidence and the second day, it did pump and start dumping again when Vanguard announced they will not offer any service related to ETF and also Gary Gensler hateful comments on bitcoin and we are now sliding down from daily time frame from bitcoin chart, I personally don't see the impact of this ETF but it's a welcome development for price recovery.
I don't know its some thing manage by whale how to make people losses patience waiting for bitcoin raise up again to higher price or ETF approval need several weeks later for bitcoin make new highest price for this year.
Whale are in profits around this price. In fact more than 90% of wallet that hold bitcoin from last year to now are in profit, that's why you see sell pressure from everywhere but if bitcoin manage to stay above $35k before halving, we will see more people coming to buy bitcoin again in preparation for bullrun.
-
When any ETF or anything that has to do with bitcoin is approved, it is a reason to rejoice and celebrate, perhaps the immediate price does not reflect the joy, because as we have all seen, instead of raising the price, it has not has risen but has fallen, in this case we must be patient because of course, here it is not because the price rose because the ETFs were Approved , it is that the whales also have a lot to do in this case, normally when we wait for a movement of bitcoin , well it happens , but the opposite , that is something normal.
I don't know, but it's always like that, we already know that ETFs and everything that is in favor of bitcoin should make us happy, but we have to know how to wait when the price will go up, but I'm sure that if it will go up in price, it won't be a problem after it happens. the halving, because as history has shown us, things are like this and happen like this, ETFs will always be the way by which we can say that adoption is stronger.
-
Yes looking some people celebrating ETF approval. I think it is good and big news for crypto. ETF approved last week but we saw Bitcoin price decreasing now bitcoin price is near about $42k But i think within short time Bitcoin price will increase. Because it is not Fomo it declared by Sec. I think within short time Bitcoin price will increase speedily or gradually.
Many people waiting for Bitcoin price up. Because everyone was Think after ETF approval Bitcoin price will increase. But after ETF approve Bitcoins price decreased dramatically.
-
But for example, can you give me an explanation why the higher price of Bitcoin will have a positive effect on you? What is the main benefit that you or I or the majority of members from this forum will have from BlackRock or the higher price of Bitcoin?
bitcoin experiencing a high increase will definitely have a positive impact on all of us. It cannot be denied that there will be many benefits that we will get from bitcoin itself and of course for all aspects there will also be financial benefits from bitcoin.
However, in reality Bitcoin is still reluctant to move at a price of 42-45k $. There is definitely hope that it will continue to rise and we want Bitcoin to reach a new peak
-
bitcoin experiencing a high increase will definitely have a positive impact on all of us. It cannot be denied that there will be many benefits that we will get from bitcoin itself and of course for all aspects there will also be financial benefits from bitcoin.
However, in reality Bitcoin is still reluctant to move at a price of 42-45k $. There is definitely hope that it will continue to rise and we want Bitcoin to reach a new peak
If you can be more precise, what financial benefits for Bitcoin come with the ETF?
And why exactly is it important for Bitcoin to break ATH again? Because of statistics and possibly a new parameter in analyses?
If BTC reaches $500k, do you have any idea how much the transaction fees (in USD) will cost? Do you think it will be usable in its native form?
-
Yes looking some people celebrating ETF approval. I think it is good and big news for crypto. ETF approved last week but we saw Bitcoin price decreasing now bitcoin price is near about $42k But i think within short time Bitcoin price will increase. Because it is not Fomo it declared by Sec. I think within short time Bitcoin price will increase speedily or gradually.
Many people waiting for Bitcoin price up. Because everyone was Think after ETF approval Bitcoin price will increase. But after ETF approve Bitcoins price decreased dramatically.
Yeah , Many people hope Bitcoin ETF will have good impact for bitcoin market.
But After ETF approved, we all see bitcoin price down.
It seems there is manipulation, maybe whales will buy more bitcoin.
But It's just assumption.
Current bitcoin price is $ 39K, I think It's good time to buy if you want still have free money.
-
Yes looking some people celebrating ETF approval. I think it is good and big news for crypto. ETF approved last week but we saw Bitcoin price decreasing now bitcoin price is near about $42k But i think within short time Bitcoin price will increase. Because it is not Fomo it declared by Sec. I think within short time Bitcoin price will increase speedily or gradually.
Many people waiting for Bitcoin price up. Because everyone was Think after ETF approval Bitcoin price will increase. But after ETF approve Bitcoins price decreased dramatically.
Yeah , Many people hope Bitcoin ETF will have good impact for bitcoin market.
But After ETF approved, we all see bitcoin price down.
It seems there is manipulation, maybe whales will buy more bitcoin.
But It's just assumption.
Current bitcoin price is $ 39K, I think It's good time to buy if you want still have free money.
I am totally agree with you. I also think some whales playing game and they manipulating. And they are responsible for this dump. Yes now bitcoin price $39k but i think it will go more down. I think market will down more. My prediction bitcoin price will decrease near about $30k. And then whales will buy Bitcoin again.. For more buy whales manipulating. I strongly believe that bitcoin snd cryptocurrency market comeback soon. And we will see bull session soon.
-
Yeah , Many people hope Bitcoin ETF will have good impact for bitcoin market.
But After ETF approved, we all see bitcoin price down.
It seems there is manipulation, maybe whales will buy more bitcoin.
But It's just assumption.
Current bitcoin price is $ 39K, I think It's good time to buy if you want still have free money.
Many people hope for the price of Bitcoin, not the function of Bitcoin. It's true, everyone likes money. But money will like someone who has quality and professionalism. We assume Satoshi doesn't really care about ETFs, because the main purpose of Bitcoin is to become a p2p currency, not to be frozen and controlled by certain entities.
I do need money, but hoping for an ETF is not my only hope. If you discuss when is the best time to buy Bitcoin, all long-term investors will always recommend 'now is the right time to accumulate'. So the purchase is not just one time, but gradual. That way you will get a better average price.
-
What are we celebrating here?
Days after the approval of ETF for Bitcoin by SEC, the market experienced some unstable downturn...and that itself sent some shockwaves to many who expected otherwise. I was actually hoping, wishing and even praying that once ETF will come into reality Bitcoin will be marching towards a new ATH but we are, of course, so disappointed. The ETF approval is seen as an important "watershed for the world's largest cryptocurrency and the broader crypto industry" which is essentially means that Bitcoin has officially entered the mainstream and the Wall Street. And as such, big players can now be a part in manipulating the price of the asset according to their own interest...primarily to make profits and nothing more. Although I would say that this is not the end of the story and we don't know if the long-term positive effects of ETF will be kicking in maybe a year from now. At any rate, we are still hoping for the halving so I am still very positive that eventually 2024 can be a better year for Bitcoin...a lot better than 2023. In addition, people who are looking for a dip to enter Bitcoin or to buy more can do so now...so it really depends on how one is looking at it...as we know that a dip can be a big opportunity. And that in itself can be worth celebrating.
-
Well, it is a bipolar feeling, many people do not understand what an ETF is, and understanding it at first can cause stupor, we are already experiencing it with the "disappointment" of the price, when what is happening due to the so-called entries and exits of stocks is something normal.
Now, it that in a way is sad, because the market becomes dependent on "certain protagonists", not only is it an inconvenience for the average bitcoiner, it is for everyone.
It is true that "X BTC" determines your ability to celebrate when the price rises, come on, that has been the case for a couple of years now, those who cannot accumulate bitcoin but fractions of Satoshi, it is simple, they have to adapt to the happiness mode that your bitcoin wallet allows, that is not the fault of the current market or the protagonists that stand out in these times.
-
I am totally agree with you. I also think some whales playing game and they manipulating. And they are responsible for this dump. Yes now bitcoin price $39k but i think it will go more down. I think market will down more. My prediction bitcoin price will decrease near about $30k. And then whales will buy Bitcoin again.. For more buy whales manipulating. I strongly believe that bitcoin snd cryptocurrency market comeback soon. And we will see bull session soon.
We cannot avoid the fact that in every update there are always those who manipulate; perhaps many people think that the whales are also playing for it, and statements like this cannot be avoided.but unfortunately, the correction movement that occurred was only due to momentary panic, and now the price situation has recovered.Indeed, approaching the halving period, there are always unexpected movements, and that is normal.Stay prepared to buy and hold so that the bullish time is not left behind in order to get maximum results.
-
It's very good news guys. The legal status of cryptocurrency in the US remains opaque, but a Bitcoin-based ETF allows regulated entities to legally invest in it without having to touch the cryptocurrency.
These organizations are not making the request on bitcoin ETF approval for the benefits of the bitcoin network or their investment in bitcoin, they are just telling us that they want to outshine their own self with the benefits of using the bitcoin market price standard over their assets values which the government granted, this is not a winning edge for bitcoin to have more stand for adoption or any serious consideration by the government, Bitcoin had long been battling itself we them right before all these began.
-
So far not have reason to celebrate with ETF Approval after bitcoin dropping significant, I don't think any necessary with ETF approval because still can't bring positive side and make bitcoin raise to the higher price. Seems has manipulate with ETF approval since one month announced can't make bitcoin stable on higher price and many time we got correction after approving, have the whales make bitcoin get drop or any community to get advantage buy back bitcoin on lower price.
Celebrating with ETF approval seems waiting when bitcoin or altcoin raising up to the higher price, right now we don't need with celebrate and better waiting when the moment of bitcoin get up.
-
Yes, Bitcoin ETF is approved already. I think we can celebrate it because it is a big news for crypto industry. However, I'm not sure how far this news to bring the influence for crypto prices. I see that some coins starting to increase their prices. But I don't see the Bitcoin price increase very significantly. I may need time for the Bitcoin price to skyrocket. :-\
Yeah we are here celebrating because for the first time Bitcoin was approved by SEC therefore the legality thing will possibly lure some interested investors especially those who are hesitant before it was approved.
-
Yes, Bitcoin ETF is approved already. I think we can celebrate it because it is a big news for crypto industry. However, I'm not sure how far this news to bring the influence for crypto prices. I see that some coins starting to increase their prices. But I don't see the Bitcoin price increase very significantly. I may need time for the Bitcoin price to skyrocket. :-\
Yeah we are here celebrating because for the first time Bitcoin was approved by SEC therefore the legality thing will possibly lure some interested investors especially those who are hesitant before it was approved.
Na! There is nothing like legality on the approval of ETF. The ETF demand was there because institutional investors want it and the want a means to buy it through the traditional process that is recognize by security exchange commission and not through any centralized exchanges that will later cost them problem later since SEC don't always settle with crypto exchanges.
There wasn't even a celebration in the first place, the SEC sabotage the celebration by giving false information and the funny thing is no investigation and report was released on that Twitter fake information that was released that day. I guess we can say that SEC are into more scamming than some scam projects they complained about
-
Na! There is nothing like legality on the approval of ETF. The ETF demand was there because institutional investors want it and the want a means to buy it through the traditional process that is recognize by security exchange commission and not through any centralized exchanges that will later cost them problem later since SEC don't always settle with crypto exchanges.
There wasn't even a celebration in the first place, the SEC sabotage the celebration by giving false information and the funny thing is no investigation and report was released on that Twitter fake information that was released that day. I guess we can say that SEC are into more scamming than some scam projects they complained about
The ETF that I know is an organization that is a trusted bridge between large investors and several coins that are traded, such as Bitcoin, which has just entered trading in the ETF, making it easier for investors to enter and buy Bitcoin, meaning that the existence of an ETF will provide a lot of convenience and, of course, security when trading Bitcoin.
-
The ETF that I know is an organization that is a trusted bridge between large investors and several coins that are traded, such as Bitcoin, which has just entered trading in the ETF, making it easier for investors to enter and buy Bitcoin, meaning that the existence of an ETF will provide a lot of convenience and, of course, security when trading Bitcoin.
You're right, ETF making easier for investors to enter and buy bitcoin. We all see bitcoin price is increasing again now, I think It's impact of ETF and also enthusiasm of investors before halving. I like ETF bitcoin but I love more if bitcoin price touch more $ 100K. hahahaha
-
The ETF that I know is an organization that is a trusted bridge between large investors and several coins that are traded, such as Bitcoin, which has just entered trading in the ETF, making it easier for investors to enter and buy Bitcoin, meaning that the existence of an ETF will provide a lot of convenience and, of course, security when trading Bitcoin.
If big investors compare stock assets in WS vs Bitcoin, I don't see Bitcoin being the main choice for these big investors. Remembering that some investors also think that this Bitcoin product is basically decentralized, so its development only depends on the community and old developers. Moreover, Satoshi Nakamoto, who was the creator of Bitcoin, also seemed to have left this project and handed it over to other developers to develop Bitcoin further.
It doesn't match expectations, where when a new coin is listed on the exchange, it will get a lot of attention, whereas when Bitcoin is listed on WS via ETF, it doesn't immediately get high demand.
-
Yeah we are here celebrating because for the first time Bitcoin was approved by SEC therefore the legality thing will possibly lure some interested investors especially those who are hesitant before it was approved.
And what's in it for us? Yeah, I agree, it's a big deal. But apart from manipulation and raising the price (a little) nothing actually happened. At times, it seems that interest seems to be on the decline. It will be more interesting if the price shows -10% of the current values.
P.S. Let's not forget, news (positive) comes out for a reason. In manipulators, the main goal is to take all our assets. We are being manipulated and will continue to be manipulated as long as it has a positive outcome. Not trying to impose this opinion, everyone sees this market, differently. 8)
-
Yeah we are here celebrating because for the first time Bitcoin was approved by SEC therefore the legality thing will possibly lure some interested investors especially those who are hesitant before it was approved.
And what's in it for us? Yeah, I agree, it's a big deal. But apart from manipulation and raising the price (a little) nothing actually happened. At times, it seems that interest seems to be on the decline. It will be more interesting if the price shows -10% of the current values.
P.S. Let's not forget, news (positive) comes out for a reason. In manipulators, the main goal is to take all our assets. We are being manipulated and will continue to be manipulated as long as it has a positive outcome. Not trying to impose this opinion, everyone sees this market, differently. 8)
We are just on first step and those institutions wont really be that dumb on trying out to pump Bitcoin directly specially if they've been wary about on whats Bitcoin halving and Bull run event.
They cant really just that pour it out directly and if we do speak about on the money that could possibly flow through then it would really be that immense. It is really just that some people would really be that skeptical on their involvement into this market on which i cant blame them on which manipulation had already been sampled out. Can we look back with that sudden Twitter hack and telling about ETF approval? but it was been reverted and we've seen on how the market did really react or move into that moment.
-
The ETF that I know is an organization that is a trusted bridge between large investors and several coins that are traded, such as Bitcoin, which has just entered trading in the ETF, making it easier for investors to enter and buy Bitcoin, meaning that the existence of an ETF will provide a lot of convenience and, of course, security when trading Bitcoin.
You're right, ETF making easier for investors to enter and buy bitcoin. We all see bitcoin price is increasing again now, I think It's impact of ETF and also enthusiasm of investors before halving. I like ETF bitcoin but I love more if bitcoin price touch more $ 100K. hahahaha
The development of ETF at first caused panic for a moment, but this time it is starting to show its impact, and today Bitcoin has passed $50K. Of course, this is good news, which may be from the existence of ETFs or perhaps from the approaching halving.But usually any news, especially regarding ETF, will always have an impact on the timing of bitcoin movements. But remember, there will always be a correction before the halving.I think being able to touch $100K will be achievable by the end of this year, and maybe next year there will be a renewed ATH and all that hope, because altcoins are also affected by this increase.
-
Sure, we should celebrate ETF bitcoin approval Because after ETF bitcoin approved, bitcoin has risen and touch $ 50K.
The increase in Bitcoin prices will have a positive influence on altcoins, altcoins price are starting increase.
-
Sure, we should celebrate ETF bitcoin approval Because after ETF bitcoin approved, bitcoin has risen and touch $ 50K.
The increase in Bitcoin prices will have a positive influence on altcoins, altcoins price are starting increase.
At least there is some good news that is triggering an increase in the price of Bitcoin, one of which is the ETF, which has been approved, and in the near future there will be a halving, which will make Bitcoin even more difficult to get for miners. The prizes they get will be less, and with this event really triggering an increase in the Bitcoin price in the near future, the price will reach new highs again, so wait and don't sell Bitcoin in the near future.
-
You're right, ETF making easier for investors to enter and buy bitcoin. We all see bitcoin price is increasing again now, I think It's impact of ETF and also enthusiasm of investors before halving. I like ETF bitcoin but I love more if bitcoin price touch more $ 100K. hahahaha
It seems like many people were happy when the price of Bitcoin managed to touch its new ATH at $100k, but I think you should also contribute to buying Bitcoin to provide support so that Bitcoin can easily reach the price of $100k because if everyone just wants to wait for the price of Bitcoin to rise, then who will buy? If there are no Bitcoin buyers, then it will not be possible for the Bitcoin price to touch $100k in a short time.
-
It seems like many people were happy when the price of Bitcoin managed to touch its new ATH at $100k, but I think you should also contribute to buying Bitcoin to provide support so that Bitcoin can easily reach the price of $100k because if everyone just wants to wait for the price of Bitcoin to rise, then who will buy? If there are no Bitcoin buyers, then it will not be possible for the Bitcoin price to touch $100k in a short time.
Good advice, mate.
We don't just hope that bitcoin will reach $100K. We also have to buy it now, where the price is still not completely expensive, and we still have a chance if we buy now we will get a profit when we are bullish.My prediction is that the price will be above $100K this year.