Post
Topic
Board Speculation (Altcoins)
Re: I am sure Bitcoin Will go $50,000 End of this year because of ETF!
by
Jating
on 08/01/2019, 08:41:03 UTC
The ETF may pass the review tomorrow or may never pass the review. I don't think we can count on events without deadlines. Working hard is what we should do.

We're at the mercy of SEC which means its beyond our control. Why would we rely on something that we don't have control with?

Besides, we have survived that first 10 years without any ETF, so it doesn't makes any difference whatsoever if it is approved or not.

Someone can argue that it will bring fresh blood to the market, yes, i would agree to that, but will the growth sustainable or this is just another way for whales to manipulate the price again and we will see another massive drop-off? It's better to be prepared for the worst situation if SEC rejects its again (most likely) next month.