Quote from: dragonvslinux on August 30, 2023, 12:50:02 PM

Quote from: JayJuanGee on August 29, 2023, 10:02:01 PM

Quote from: OgNasty on August 29, 2023, 09:27:00 PM

Will it take the wind out of the ETF approval announcement when it happens?

No

I'd also say no. Approvals are usually bullish for price until product launch date, while the launches themselves have always been bearish.

Look at the recent Futures/ETF based launches in Bitcoin's history:

December 2017 CME/CBOE Futures: -83%
September 2019 Bakkt Futures: -60%
October 2021: ProShares ETF -75%
November 2021: VanEck ETF -75%

Sure these ETF applications are different, as it's based on spot ETFs, but I'm not convinced that "this time will be different". At best we only see a 50% correction when price is around $50K-$60K compared to -60% to -80%, as an approval could push prices much higher in the meantime. That would also fit the current cycle with a bear market rally relief rally followed by final pre-halving correction scenario.

Remember the CME/CBOE approvals in August 2017 around $5K? Price went up 4x from there until launch date. So 2x from here doesn't seem out the question.

It's just another buy the rumour sell the news event imo, not much else in the immediate term. Ofc long-term, sure, it's bullish. No arguments there.

You answered a question dragonvslinux, but it was not the question that OgNasty was asking.. because if you look at the context of the question, the "it" of the question refers to a kind of hypothetical if the MTGOX coins were to be released and also the ETF were to be approved, then would the fact the MTGOX coin relief (presumed to be DOWNwardly pressuring BTC prices) and the spot ETF approval (presumptively UPpity pressuring prices), so the question is about whether MTGOX release would end up neutralizing the UPpity effect of a spot ETF approval.

You talked about various historical bitcoin future ETFs (financial products) but you did not even mention the potential MTGOX release of coins situation in such a spot bitcoin ETF approval context.

Quote from: Volgastallion on August 30, 2023, 02:21:43 PM

Everyone yesterday after the news of the win og greyscale against SEC, was very euphorical, and its ok, but after a day i can say, its not looking so good for us in term of price in the short run.

If after such an important win we only recover a 5% and we start very fast to return into the 27k price and lower, its not a good sign for the short term, i can see us again in the 26/25k for a "long" time like until the end of the year.

The only thing that can cahnge that for me its another new more for the ETF market aprobation or something related.

You can see it, but does your sight have any meaning, beyond fantasizing?

Quote from: xhomerx10 on August 30, 2023, 03:09:54 PM

Quote from: ibminer on August 30, 2023, 02:54:18 PM

Quote from: Gachapin on August 30, 2023, 02:40:47 PM

Quote from: Franctoshi on August 30, 2023, 08:35:31 AM

Quote from: Hueristic on August 30, 2023, 03:22:37 AM

Quote from: Franctoshi on August 30, 2023, 03:08:50 AM

https://twitter.com/BTCTN/status/1696713063284519104?t=AK6OSoc5RxCkwVLLcTgwtg&s=19

Welcome to my ignore spammer.

TRY READING THE FUCKING THREAD BEFORE POSTING YOUR TWATTER SHITLINKS.

Apologies I'm editing in a sec
Thanks for letting me know.

yeah sure

Well, he did edit.. but apparently to make the twitter link better? smh.. you can't make this stuff up.

Quote from: Franctoshi on August 30, 2023, 03:08:50 AM

A. D. C. court has ruled in favour of Grayscale

Ah, it's the old A. D. C. court trick. Missed it by that much!

Are you saying that I should send another smerit to that post for the extra efforts that were carried out by this attentive and request fulfilling poster of such relevant/substantive cornz content?