Quote from: Herbert2020 on July 16, 2018, 05:58:57 AM

i think it is possible that most investors believe that SEC is going to reject ETF this time too because if you look at the price it has not moved at all. it is still in the same price level as it was before. otherwise if they thought SEC is going to approve it this time then they should have started buying bitcoin and price would have gone up. and lets not forget that this is not the first time either.

if my assumption is correct then if SEC actually rejects it this time too, then price shouldn't be affected at all because the market already expected it and never went up to come down now.
but if they do approve it, that will come as a shock to the whole market and we may see a huge FOMO buying action within hours and price can shoot up to $9k$-10k before the day ends.

I don't see any reason to see the SEC approving it. They rejected it before and nothing changed since. If the price is supposed to increase before the decision it will be perhaps 10 days before. But if it is rejected I can easily smell the Bitcoin' price going down, under $6000...
If it is accepted it won't have much results on the price. Sure the price may go up for some days, but it will surely go back to what is was before. The craez will stay perhaps 2 weeks, no more

Quote from: Jetakenare on July 16, 2018, 04:06:34 AM

Does anyone have any thoughts on the SEC decision coming up on the 2nd of August and how it would affect the price of bitcoin?

It is 10th August, not 2nd August Wink

Quote from: Louvre on July 16, 2018, 07:52:54 AM

bitcoin will go above it's Ath is my prediction. I buy bitcoin before august and hold it until moon.

So it needs to increase with $14,000 Good luck to see it happen within 2-3 weeks only