Quote from: Catmony on July 25, 2018, 11:14:21 PM

Weren't we in similar situation last year around this time? Waiting for twins brother ETF decision and that got rejected. Same might happen this time, with speculation price might surge above $10k before decision and if it will get rejected after some correction it might pump again without any proper support bottom which is not good for long term. Price might keep on moving up without correction if the ETF got approved.

That was some time between September and August IIRC, and even though the ETF wasn't approved, the latter part of 2017 was still a huge success for bitcoin given that we just established a new ATH before the fall. Methinks that suspending the decision about the ETF would build up anticipation and be convoluted with speculation, only to be rejected once more leaving the market in a frail state prone to crashes. If we were to follow the footsteps of 2017, I'm expecting that we might reach higher highs come Q3-Q4 of 2018, or let the price slowly climb to a decent baseline and take off in 2019.