Quote from: NewRanger on October 16, 2023, 03:00:24 PM

Quote from: BALIK on October 16, 2023, 02:54:54 PM

Quote from: Iamcrypticguy on October 16, 2023, 02:28:10 PM

With the rumoured SEC's approval of a Bitcoin spot ETF, we've witnessed a bullish surge in its price, surpassing the 30k range before pulling back to consolidate for another potential run.

Considering this, is it safe to say that we're experiencing a historically bullish October? Additionally, which alts are you considering accumulating before the year's end? Let's dive into the world of alts together.☺️

It was fake news, and the cointelegraph deleted it, it was just someone's manipulation, and many long/short orders were liquidated. Be careful with all this news instead of getting excited, I think the market will have a stronger correction after this news is confirmed to be fake.

Besides bitcoin, I think this is not the right time to invest or accumulate altcoins. If you pay attention, many altcoins are showing signs of creating new bottoms instead of starting to recover. From what I see, when bitcoin increases, altcoins do not increase, but when bitcoin decreases slightly, altcoins decrease a lot. Therefore, investing in altcoins at this time is not wise.

It is true, several well-known online media do not contain credible sources in this matter, but it seems that BlackRock also confirmed it is a false statement.

As you said, at least an initial picture can be seen of how the market will react if the SEC approves the BlackRock spot bitcoin ETF.

Many people still underestimate the impact of ETFs and think they are useless, but if someone looks at the gold chart, they will see how big the impact of ETFs is. ETFs have caused gold prices to skyrocket and that's why I believe that if the SEC approves an ETF to coincide with bull season, we will have a super cycle. This seems quite unrealistic, but if everything matches, I believe bitcoin reaching 300 thousand USD is not too difficult. I'm optimistic about that.