Quote from: Pursuer on August 30, 2018, 07:51:49 AM

Quote from: Totoff on August 30, 2018, 07:29:56 AM

Interesting your opinion about ETFs so no more bad news so the price rises... but if ETF were accepted the price would have rose also... in fact BTC will go to the moon whatever things can happen around Huh

in my opinion there is only one thing that matters for price rise and that is adoption. as long as more people are coming in and starting to use bitcoin the price will go up and having a limited supply helps with that rise too. but we still need the increased adoption. ETF isn't just some magic thing that can increase the adoption or prevent it which is why I believe its approval or rejection won't change much.

Undoubtedly, the rejected ETF proposal has strongly influenced on the crypto exchange markets. As a result, the prices of altcoins were dropped significantly. I guess that the "whales" were understanding that the SEC is likely refuse this proposal, but it seems that they have transferred all their funds into Bitcoin, and now the BTC dominance has increased.

Currently the "whales" are dumping all the crypto currencies by an average of -5%. Perhaps they just received a trading signal from the "hive" and now all coins are in red. I think you are not able to predict the tactics of "whales", because they listen attentively and look at the moods of the crowd and then move the markets in the counter direction.