If ETF will be denied, there's no need to see the price of bitcoin dropping. Whether it will be approved or not.
Still we will see the price of bitcoin to keep on increasing, bitcoin is created that way as long as there are new comers that will invest.
And if there are people that will keep on using it, ETF will just make a small difference but of course I want it to be approved.
I guess the approval by SEC is the little part of the bitcoin journey. And i think i don't like the approval caused by it seems like just a business. So more money will flow to the bitcoin and the twin winklevoss will take the advantage by the SEC approval with a lot of the partnership in the future. and they will become billionaire and currently they're millionaire. Still we will see the price of bitcoin to keep on increasing, bitcoin is created that way as long as there are new comers that will invest.
And if there are people that will keep on using it, ETF will just make a small difference but of course I want it to be approved.
There's no need to hope anymore, the decision is simply denied. Let's move on and keep the fate and believing the price of bitcoin to pump.
I expected this to happen and many holders did panic selling I will sorry for them. Too bad that they loss a lot of potential profit.
Let's get back to reality and now hope the price will pump before the year ends.
if the decision is really denied, then its better we continue from what we do and gets prepare for anything that will happen in future, we need to watch and learn about what will happen in the market and i think that we can see a little panic from the traders like last night when we see the price is getting pump so high.
What we have just seen is no more than a knee-jerk reaction (as I said earlier)
And most likely somewhat accelerated and exaggerated by manipulators to knock bitcoins from the weak hands with the aim of buying up while prices are low. I guess in a matter of a few days (if not hours) the prices will revert to well over 1,200 dollars per coin (and likely stay there). As to me, there was no real hype linked to the ETF approval expectations (as I also mentioned earlier) since the market expected that the ETF proposal would be rejected. In other words, the price growth we have seen as of recent was organic, not juiced up on rabid hype and mass hysteria