Ninjastic
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Board Speculation (Altcoins)
Re: Crypto going strong!
by
aeternus
on 11/08/2018, 02:13:51 UTC
Quote from: makishart on July 30, 2018, 11:34:33 PM
Quote from: aeternus on July 30, 2018, 10:03:19 PM
Quote from: Dmitry_K on July 29, 2018, 06:28:15 PM
I agree that the market has become stronger, but it is too early to say that the trend has completely changed to a growing one. I hope this happens soon.
Exactly it is too early to tell, I would like to say that a bull market is going to appear soon but I do not have the elements to make that kind of conclusion, but I'm sure that in the next month we are going to have a clearer view of what it is going to happen when the issue of whether or not the approval of the ETF for bitcoin is going to be cleared.
The bullish trend of bitcoin will be waiting for the official press release regarding the ETF decision that will have taken by SEC at the middle of September.  We will not see anything next month and only more and more people try to buy bitcoin to bet on the SEC decision about ETF application.
Yeah I know that the decision was postponed and that is the reason for the recent decrease in the price since people lost interest in bitcoin since there is still a lot of time left before we get an announcement, but at the same time I think that people are too positive about the outcome, in my opinion the chances that we get denied again are very high so I do not know why people think this time is going to be different.