Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: jeraldskie11 on January 21, 2024, 06:40:20 AM
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ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.
ETF can't make the price increase to 5% by itself.
But do we really need to rely our investment in Bitcoin ETF?
No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.
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I don't care about ETF Bitcoin approval for investing in bitcoin, bring positive or negative effect not much problem for me keep accumulate investing bitcoin. Probably ETF Bitcoin approval make us get happy awhile and without longer time bitcoin get correction and dump to lower price remaining few days after ETF bitcoin approval.
I have optimistic with bitcoin indeed ETF not approval can't make bitcoin price drop drastically, have many time bad and good news can't make bitcoin stuck in lower price just get moment awhile before bitcoin raising up to higher price again in few weeks later.
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I don't care about ETF Bitcoin approval for investing in bitcoin, bring positive or negative effect not much problem for me keep accumulate investing bitcoin. Probably ETF Bitcoin approval make us get happy awhile and without longer time bitcoin get correction and dump to lower price remaining few days after ETF bitcoin approval.
I have optimistic with bitcoin indeed ETF not approval can't make bitcoin price drop drastically, have many time bad and good news can't make bitcoin stuck in lower price just get moment awhile before bitcoin raising up to higher price again in few weeks later.
As what I have noticed in the market, the price drops drastically when it reach the supply, especially in the higher time frame or weekly time frame because this means that the supply in that area is too strong. When there is no news relying on or good news, we expect for the price will drop in a couple hours or days but we have witnessed the price was still in the supply consolidating because it's being support by a good news which is approval of Bitcoin ETF. I realized that they all consider the chart.
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When EFT wasn't very much expected by the community the price of BTC wasn't going to much. The only factor to consider is the halving but now that ETF is here I think there will be massive growth soon. The institutions are sure just waiting for the price to bottom. Most probably next month.
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Last year, there was too much hype about the Bitcoin ETF, which led many people to believe that with its approval, the price would really pump, but yet the opposite happened. As long as I am satisfied with investing in Bitcoin, I don't think there is any need for me to invest in the Bitcoin EFT; perhaps it's not decentralized.
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Last year, there was too much hype about the Bitcoin ETF, which led many people to believe that with its approval, the price would really pump, but yet the opposite happened. As long as I am satisfied with investing in Bitcoin, I don't think there is any need for me to invest in the Bitcoin EFT; perhaps it's not decentralized.
It's nothing like the original Bitcoin, it's just that with all the suspense that the SEC had created it now became so popular that people actually thought that it will boost the market. It's almost as if when the SEC does accept this Bitcoin ETF the price of Bitcoin will explode and it made me wonder what then cause all the other bull that gave Bitcoin it's reputation of the most valuable coin in the crypto market.
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ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.
ETF can't make the price increase to 5% by itself.
But do we really need to rely our investment in Bitcoin ETF?
No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.
If the Bitcoin ETF had not been approved, would Bitcoin not have bull run or the price of Bitcoin would not have increased? Of course it will be bearish to bullish. However, in the meantime, various dramas were staged with ETFs and finally ETFs were approved, but the market fell further than before. I myself don't care about ETFs. I know Bitcoin will grow at its own pace and cannot be influenced by any centralised organisation.
The environment is not favourable for those who have invested in ETFs. My advice is to hold long tine if you are interested in giving yourself something different from Bitcoin. Rather than being affected by the temporary ups and downs of the market, encourage long-term investment. ETFs are regulated by the SEC at any time with various restrictions that may be imposed, so don't invest depending on ETF.
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No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.
Do you think those who are not in BTC ETF are not here to make money, and they don't want to get advantage of any opportunity they get. We all are here to make money, only few people who don't care about it and those are the ones who have millions of dollars in there holdings. ETF can't increase or decrease the price of BTC because BTC is decentralized and its price is driven by the demand and supply ratio.
If the demand is high the price will increase and if the demand is low then price will decrease, opposite case for supply. These big institutions are dealing in millions of dollars but till now I have observed that they are also trying there best to not to make BTC market highly volatile. And in future these companies will come up some improvements that will help in stabilizing the price of BTC. I know the price of BTC can't be stabilized but only in relation to ETFs volumes.
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I see no much or other benefit of the bitcoin ETF aside from the fact that it legitimizes bitcoin in the USA and the rest of the world, and I think a simple proof to this is my country, Nigeria.
Bitcoin and cryptocurrency transactions was banned by the previous government, and when the new government came in, the ban on bitcoin and cryptocurrency transaction remained effective until the US sec approved the bitcoin spot ETF, then the government in Nigeria unbanned or lifted the ban on bitcoin and crypto transactions in general.
So, if not anything else, the ETF approval have help make bitcoin more legitimate than it previous was in the eyes of the government, most especially those who don't fully understand it, and going forward, I think good money wil be coming into bitcoin as investments in the future, due to the door the ETF approval has opened for bitcoin and cryptocurrencies in general.
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Good question, and I think for average bitcoin investors and that those who have enough knowledge, we don't need to rely to Bitcoin ETF or any 3rd party that will be our custodian. But perhaps those who are not that technically incline and that have millions of money to invest and without them becoming experts of where to put or what wallet to use, maybe this is the target of this big institutions. It's just that it make Bitcoin more known or the trust could be there because of this instruments that we have right now which is ETF.
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It's actually simple. just trust Bitcoin. We have always believed that Bitcoin will definitely rise and rise again. The Bitcoin ETF is only one of the factors that determines the increase in the price of Bitcoin itself... but is not the only factor that determines whether Bitcoin will increase. In fact, after the halving and heading into a bullish period, usually Bitcoin hatha will continue to rise. with the hope that BTC will meet a new ATH.
So, there's no need to panic when after this BTC ETF the price of Bitcoin actually decreases. it's part of the process. and I really believe that Bitcoin will continue to be valuable in the future.
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I don't expect much on ETF. I think it is better to keep our investment as usual. Why we must rely on the Bitcoin ETF? Does it increase the chance to get higher profits? No, it never guarantees anything. But with ETF, the market of Bitcoin is getting wider. It is surely a good thing for the future of Bitcoin. We all expect that we will have more and more investor to join the Bitcoin investment.
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ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.
ETF can't make the price increase to 5% by itself.
This is one of the reasons that made many people shocked by the price reaction. ETF approval does not necessarily mean that billions will flow, but there is nothing preventing these billions from flowing, but without a request, ETF approval does not mean anything, and on the contrary, it may lead to a decrease in the price because some funds from $GBTC are no longer With that importance, they had to sell some of the Bitcoin they had.
It's like saying that your bank card allows you to spend a million dollars a day without fees, but that does not mean that you will spend that amount.
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As what I have noticed in the market, the price drops drastically when it reach the supply, especially in the higher time frame or weekly time frame because this means that the supply in that area is too strong. When there is no news relying on or good news, we expect for the price will drop in a couple hours or days but we have witnessed the price was still in the supply consolidating because it's being support by a good news which is approval of Bitcoin ETF. I realized that they all consider the chart.
Yeah, that is why this is the best time to use DCA to maximize possible profit if prices goes back to it's ATH. This also much safer compared to other strategy, I mean newbie friendly.
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~snip
As what I have noticed in the market, the price drops drastically when it reach the supply, especially in the higher time frame or weekly time frame because this means that the supply in that area is too strong. When there is no news relying on or good news, we expect for the price will drop in a couple hours or days but we have witnessed the price was still in the supply consolidating because it's being support by a good news which is approval of Bitcoin ETF. I realized that they all consider the chart.
Yeah, that is why this is the best time to use DCA to maximize possible profit if prices goes back to it's ATH. This also much safer compared to other strategy, I mean newbie friendly.
Yes, that is just one advantage of DCA, and for me, what I like about it that it suited for long term investors. And with this trick, regardless of what the price will be, just invest based on average and so there is no emotional attachment as what the price will be. As long as you follow this strategy by heart, you will end up accumulating more than you can imagine. It might take a lot of stress early, but once you gotten over it, you will feel confident that you can do accumulate a lot because your goal is long term, as you takes advantage of the compounding returns generated by the investments.
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Yes, that is just one advantage of DCA, and for me, what I like about it that it suited for long term investors.
Even with 24 sat/vB fees, DCA may be unprofitable if you decide to withdraw your coins regularly, especially for small investments such as $200 a month or $10 a day. Therefore, until transaction fees return to normal, you should do DCA and risk leaving your coins there for some time and then withdrawing them or The DCA pattern is every 2 or 3 months.
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Yes, that is just one advantage of DCA, and for me, what I like about it that it suited for long term investors.
Even with 24 sat/vB fees, DCA may be unprofitable if you decide to withdraw your coins regularly, especially for small investments such as $200 a month or $10 a day. Therefore, until transaction fees return to normal, you should do DCA and risk leaving your coins there for some time and then withdrawing them or The DCA pattern is every 2 or 3 months.
As I have said, it should be long term, as for my experience, it take at least years to take advantage of DCA, not just 2-3 months. I know it's hard but if I did it before during the pandemic, I can do it again regardless of what is the cost of tx.
What if the transaction fees didn't return to normal though?
Will you not recommend DCA or at least keep stacking sats for long term or at least see how your investment goes specially if the prediction will be true that the next ATH will be around 6 digits? Will tx fees be detrimental to you?
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ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.
ETF can't make the price increase to 5% by itself.
But do we really need to rely our investment in Bitcoin ETF?
No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.
The Bitcoin market rose slightly after the news of the Bitcoin ETF approval, but the market started dumping slowly after the Bitcoin ETF approval. Many people thought that Bitcoin ETF would be approved to push Bitcoin above $50,000. This is why many investors have invested in Bitcoin ETF before their approval. And those who didn't invest when Bitcoin ETF were approved and waited for the market to dump could be investing in the dumping, and those who didn't invest in the dumping market could be missing a big opportunity. Currently, the Bitcoin market is very bullish, but the market is expected to gradually move upwards from here. I am still investing in DCA system but during this dumping season I took some money collected from my family and I invested from this dumping market.
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Will you not recommend DCA or at least keep stacking sats for long term or at least see how your investment goes specially if the prediction will be true that the next ATH will be around 6 digits? Will tx fees be detrimental to you?
The cost of tx is indeed one of the barriers to doing DCA consistently, but I will usually buy 2x more when the cost of tx is low enough.
Or if there is no other option, I make a purchase at CEX so that it will not be affected by the considerable tx cost.
buy using Fiat and hold it at CEX for a while and then transfer it to a personal Wallet when fees are low.
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ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.
ETF can't make the price increase to 5% by itself.
But do we really need to rely our investment in Bitcoin ETF?
No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.
The Bitcoin market rose slightly after the news of the Bitcoin ETF approval, but the market started dumping slowly after the Bitcoin ETF approval. Many people thought that Bitcoin ETF would be approved to push Bitcoin above $50,000. This is why many investors have invested in Bitcoin ETF before their approval. And those who didn't invest when Bitcoin ETF were approved and waited for the market to dump could be investing in the dumping, and those who didn't invest in the dumping market could be missing a big opportunity. Currently, the Bitcoin market is very bullish, but the market is expected to gradually move upwards from here. I am still investing in DCA system but during this dumping season I took some money collected from my family and I invested from this dumping market.
We are currently in bullish market but we have to expect for a short down move of the price since it's normal price action in the market, it occur to fill out the gaps or demand below to help the price increase higher. We can't see a price action in the market that has no retracement, if you invested in a coin without retracement it's very risky. Just like what happened to Bitcoin, it hits the supply because the of the good news, the approval of Bitcoin ETF, but it didn't break the supply zone. I believe that it will going to retrace first before continue going up and break that supply.
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ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.
ETF can't make the price increase to 5% by itself.
But do we really need to rely our investment in Bitcoin ETF?
No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.
The Bitcoin market rose slightly after the news of the Bitcoin ETF approval, but the market started dumping slowly after the Bitcoin ETF approval. Many people thought that Bitcoin ETF would be approved to push Bitcoin above $50,000. This is why many investors have invested in Bitcoin ETF before their approval. And those who didn't invest when Bitcoin ETF were approved and waited for the market to dump could be investing in the dumping, and those who didn't invest in the dumping market could be missing a big opportunity. Currently, the Bitcoin market is very bullish, but the market is expected to gradually move upwards from here. I am still investing in DCA system but during this dumping season I took some money collected from my family and I invested from this dumping market.
We are currently in bullish market but we have to expect for a short down move of the price since it's normal price action in the market, it occur to fill out the gaps or demand below to help the price increase higher. We can't see a price action in the market that has no retracement, if you invested in a coin without retracement it's very risky. Just like what happened to Bitcoin, it hits the supply because the of the good news, the approval of Bitcoin ETF, but it didn't break the supply zone. I believe that it will going to retrace first before continue going up and break that supply.
Price movements and retracements in the crypto market reflect a good understanding of market characteristics. Retracements or price corrections are a common part of bullish trends, and this can provide an opportunity for traders or investors to enter the market at a better level.
Factors such as positive news, ETF approval, or other major events can often trigger price spikes, but retracements can occur to fill gaps or strengthen a trend. This is one of the reasons why a technical approach and understanding price patterns is so important in trading and investing.
It is important to always consider risks and use appropriate risk management. Retracements can provide opportunities, but it is also worth watching out for when seeing signs of a potential trend reversal.
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Or if there is no other option, I make a purchase at CEX so that it will not be affected by the considerable tx cost.
buy using Fiat and hold it at CEX for a while and then transfer it to a personal Wallet when fees are low.
You do not know why they are called CEX? If you have been studying how the centralized exchanges are doing, you will notice that if the fee is getting high, they will take a fast response to increase the fee on the CEX, but if the the fee reduced to 1 sat/vbyte, it can take the CEX many months before they will consider to reduce the fee but in a way the exchange withdrawal fee will still be very huge than the network fee. You will only notice that you will continue to keep your bitcoin on centralized exchanges over long time and probably until you want to spend it.
The bitcoin network fee is really affected by the BRC20 but there is nothing that we can do because this is bitcoin developers doing. This has made many people not to find it easy to move their coins to noncustodial wallet if the amount is small. Some coins are sent to wallet but not moved out because of the huge fee. It is just like the fee is making the centralized exchanges more relevant in holding coins but with risks of getting hacked and people not having complete control.
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You do not know why they are called CEX? If you have been studying how the centralized exchanges are doing, you will notice that if the fee is getting high, they will take a fast response to increase the fee on the CEX, but if the the fee reduced to 1 sat/vbyte, it can take the CEX many months before they will consider to reduce the fee but in a way the exchange withdrawal fee will still be very huge than the network fee. You will only notice that you will continue to keep your bitcoin on centralized exchanges over long time and probably until you want to spend it.
I completely agree with you on this point, yes they only respond to increased fees but they completely ignore it when there is a decrease in fees.
This happened to me where I was unable to transfer Bitcoin from CEX due to the high fees and eventually had to convert it to a coin with lower fees like USDT, TRX or similar.
This is also one of the disadvantages that can be added to the many disadvantages of CEX.
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Will you not recommend DCA or at least keep stacking sats for long term or at least see how your investment goes specially if the prediction will be true that the next ATH will be around 6 digits? Will tx fees be detrimental to you?
The cost of tx is indeed one of the barriers to doing DCA consistently, but I will usually buy 2x more when the cost of tx is low enough.
Or if there is no other option, I make a purchase at CEX so that it will not be affected by the considerable tx cost.
buy using Fiat and hold it at CEX for a while and then transfer it to a personal Wallet when fees are low.
The best form of DCA for me to accumulate portions of Bitcoin without spending anything on me is having a Bitcoin paying signature campaign that rewards participants weekly as you will receive it free of transactions fee charges as it was shouldered by the company themselves. Since I don't have extra money to buy I prefer this way just to hodl Bitcoin and keep it safe on my non-costudial wallet.
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The best form of DCA for me to accumulate portions of Bitcoin without spending anything on me is having a Bitcoin paying signature campaign that rewards participants weekly as you will receive it free of transactions fee charges as it was shouldered by the company themselves. Since I don't have extra money to buy I prefer this way just to hodl Bitcoin and keep it safe on my non-costudial wallet.
Yes, it includes DCA sourced from signature campaign rewards.
I also hold a few every week and this is efficient so that the Bitcoin held will increase in value when the price of Bitcoin rises.
But some I take for personal use, so there is about 20-30% left for me to hold.
Depending on the situation of the network at that time, if the transaction fee is expensive, I will just hold it.
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as we can see after the ETF approved btc, there was no significant price development towards btc, in fact it tended to fall,
Maybe previously the BTC ETF was always awaited by Bitcoin owners. In the future, the ETF will have no effect on BTC, and BTC will remain in its original purpose and continue to have value.
Personally, I will keep saving BTC and add periodically to investment
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Yes, it includes DCA sourced from signature campaign rewards.
I also hold a few every week and this is efficient so that the Bitcoin held will increase in value when the price of Bitcoin rises.
But some I take for personal use, so there is about 20-30% left for me to hold.
Depending on the situation of the network at that time, if the transaction fee is expensive, I will just hold it.
it's a good idea, it includes DCA sourced from signature campaign rewards.
I see many friends did it.
It's not big but continuously.
We get profit weekly and our bitcoin held will increase.
while waiting for bullish.
Sometimes we take our asset to fulfill our needs.
That's nature, but we still have coins for hold.