Quote from: eaLiTy on May 06, 2017, 05:09:17 PM

Quote from: richardsNY on May 06, 2017, 04:47:28 PM

Quote from: varyspro on May 06, 2017, 01:50:35 PM

Yes, I thought that yesterday's fall will be stronger. But everything turned out to be much better than I expected. Perhaps there will still be a fall when the Commission makes its decision

If the price goes up largely because of the potential ETF approval, then there won't be a serious correction until the SEC publicly announce that the status of the ETF will remain rejected -- we're around 10 days away from that moment. Again, assuming the ETF plays an important role, it will either shoot up close to $2000, or it will sink down a few hundred dollars. In case of the latter, the price will surely recover again. Every drop we see is just short term.

The price of bitcoin is having a rally simply because of many reason,ETF approval is the main reason but there are other reasons,mainly there are more investments coming out of Japan after legalizing bitcoin,but expect a correction when there is a rally and that is nothing new in this case.The price could come down when the SEC rejects ETF but i am not expecting a massive dump.

It was mostly due to the Japanese recognition. Look at the BTC/JPY trade volumes for the last few days. The volumes have been massive. On the other hand, the ETF factor only had a marginal impact.