Quote from: NoviceInvestor on August 09, 2018, 03:39:20 PM

Quote from: hatshepsut93 on August 09, 2018, 02:06:22 PM

Bitcoin will continue going up and down like this until the ETF drama will resolve. The price can be really unpredictable because of the manipulation attempts, rumors, insider information and so on. I wouldn't try to predict the price for such a short period, only when the price have moved a lot you can make some sort of prediction. For example, it was highly likely that the price will go down again when we reached 8k, because bull run doesn't make any sense now.

I personally don't think the ETF drama resolving will stabilise the price of Bitcoin. It would only do so if the price of Bitcoin was due to fundamentals, rather than speculation.

all these ups and downs for the past month or so has been because of ETF. the rise was building up nicely with a slow pace when the ETF drama started and we suddenly saw a surge. then they denied Winkle brothers ETF and we had a drop then they postponed their decision for another ETF and we had another drop.
all everyone is talking about these days is ETF. some even talk about it as if bitcoin would die without it!!!

when all that goes away we will have a much calmer market. it will still be bitcoin and volatile but at least the drama would be lifted.