Quote from: cherryganda on July 27, 2018, 03:18:12 AM

Quote from: Cassy14 on July 27, 2018, 03:15:29 AM

Quote from: psoo7 on July 25, 2018, 12:05:26 PM

Bitcoin surges to $8500. is it ready for a bull run? what can we expect at the end of this year?

Yeah we have seen that bitcoin really went up in that figure, but today BITCOIN ETF just denied with some SEC.
this will give impact in the market again and i am expecting another fall for this.

I feel the same on this case, ETF is the number 1 reason why bitcoin had the surge.
but i just read with bitcoin.news that ETF was rejected by SEC.
this will be a big mess again. bitcoin price now is 7800-7900 USD each.

Can't blame the SEC for rejecting the petition, I mean why would anyone say that crypto market is

Quote

uniquely resistant to manipulation

- that's like saying that the multi-billion crypto market has been impervious to price dictation by the whales, sharks, and shrimps.

They should not push the market forward as a basis for the petition, they should push forward the underlying technology and it's potential economic gains once the system gains more standards.

This price correction will weary us again, except some other legit news favorable turns up.