Quote from: cellard on August 03, 2018, 12:46:49 PM

Quote from: Wild_Potato on August 03, 2018, 12:01:29 PM

ETF's are not the answer to all of the bear problems that persist in the bitcoin market. They will certainly help, and they add some hype to it, but I wouldn't bet the house on it.

There are many ETF's scheduled but nobody knows which one will be approved. Probably not this one, but maybe the next one. There's absolutely no certainty about these things so don't spend too much energy on researching them. Better off learning about trading or technical analysis.

The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so.

As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH.

Exactly! That's why we should stop worrying about these small time events and look at the bigger picture. An ETF is just another attempt at price manipulation as far as I'm concerned. The only thing that matters is that you can get another opportunity to buy into Bitcoin on the cheap if it doesn't get passed and there's another dump.

It looks like these events will keep coming to drive the price down until people get so sick and tired of the bluffs that it doesn't cause any reaction anymore (kind of like market reactions to Trump's tweets). These events are just more attempts by central bankers to discredit Bitcoin.