Post
Topic
Board Speculation
Re: Where is Bitcoin heading towards?
by
exstasie
on 09/11/2018, 10:30:23 UTC
It's been in history and you can check it yourself that Bitcoin always got higher during Christmas and it's already near

this year is very different from the previous years and the difference with the previous years is because have many governments and banks implementing unfavorable regulations for bitcoin, which is reducing demand. This situation will not improve unless regulated things like ETF's and BAKKT or other regulated players come on the scene. That's why I do not believe we will see price increases at the end of the month

I don't think regulations or actions from regulators are reducing demand. Remember 2013, when Silk Road got busted? Or 2017, when the Winklevoss ETF got rejected for the first time? Bitcoin bubbled after these events.

BAKKT will get approved. The CFTC already approved physically-settled swaps last year. I'm not sure the market will care about the news though, since it's so stagnant.