Post
Topic
Board Speculation
Re: Aug 23 ETF Deadline...
by
wuvdoll
on 22/08/2018, 10:35:34 UTC
Sell or HODL before Aug 23? Thoughts on the impact of the BTC market ? Will it be approved or rejected...?

Hmmm...

I am a believer in HODLING... been doing so since the market crash... but if it is rejected, won't it have a pretty nasty impact on the market?

https://www.coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/
I say hold for now, bitcoin is already quite cheap comparatively speaking. And we do not have any ETF right now to bitcoin's name so if etf gets rejected that means we still don't have any ETF with bitcoin as well. Nothing changes in our life it gets rejected. Moreover, if it gets accepted that means there are BILLIONS of dollars put into bitcoin which will increase the price insanely. So there is actually nothing bad that could happen with this, either we continue as we already are, or we go up, not downside. Considering price is also insanely low than there is no reason not to hold, even buy more at this point.