Post
Topic
Board Trading Discussion
Re: Bear time is near to end
by
agu3000
on 30/09/2018, 02:39:22 UTC
It's been long I started hearing that the bear will soon end, the more they say it, the worst it gets, right now i think one of the things that will end the bear market right now is the approval of bitcoin ETF by the SEC, I believe such a news will bring to an end, bear market and take us to a bull run.
People are rejoicing of 2017 hype cause their huge profit but sadly it turns into tears when it suddenly drop and resulting big losses. People aren't satisfied of what they saw on the market price and yet, they couldn't accept the reality about crypto volatility change.
Hopefully ETF approval issues will resolve and give a good result for crypto.

Nope I don't think ETF will be approved at this time since there are so many issue need to cover up by the bitcoins and crypto space and government will found it as a ground for them on not to approve any ETF submission. So maybe we can still experience the bear at this point and hopefully next year will be different story and we could see the bull run coming.
ETF investment funds are very risky because they are speculative funds to make a profit and control this market. I personally hope ETF will not participate in this market because if there is ETF participation everything becomes more chaotic and we will be subject to SEC control.

But I think that the ETF has to buy the BTC (not like the CBOE) and like you said they are here for making money.. so they have to enter the market and buy Bitcoin if that's true this will be the new bottom because they will push BTC to higher levels