A second ETF application was rejected further and the market reacted more to it than the first...
A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.
For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.
Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.
But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.
We really cant determine on when do declining desist. Somehow, it is a great oppurtunity to buy more bitcoin to have a great profit when the market will pumping up.
Yeah, we all know that maximum profit is only possible if you choose a high potent source or product so that you may get big profit from it. Let us suppose Bitcoin as it gives us the opportunity to invest in it using low money as compared to its average price so it most profitable and getting currently in its low market will make you able to get maximum profit in bull market.
The price has been under 8k for a long time now. I think its time people get used to the fact that we will be here for awhile and we will not see the price going up any time soon and the 8k price means nothing when it comes to bitcoin because it can go up as much as it can and still drop, there is no sudden price that if it goes over certain number it will stay there and/or the price will start go up suddenly.
Like it won't start a huge bull run if it reaches 8k than it will reach 10k and above with a huge bull run. That is not bitcoin anymore, when the price reaches to 8k, it is as likely to drop down to 6k as it was during the 7k run.