Quote from: sana54210 on Today at 04:59:59 PM

Quote from: carlfebz2 on October 25, 2023, 08:34:19 PM

You could read up from these articles, might be the same headline but sentiment could really differ a bit
depending on the article. Just take a peak on reading up.

https://news.bitcoin.com/bitcoin-soars-as-blackrock-moves-closer-to-launching-spot-bitcoin-etf/
https://www.coindesk.com/markets/2023/10/25/bitcoins-rise-fuelled-by-us-investors-buying-ahead-of-potential-spot-etf-approval-matrixport/
https://www.reuters.com/technology/bitcoin-leaps-2023-high-etf-bets-2023-10-24/

As we can see then it would really be all pertaining about that ETF potential approval and this is where the community been eyeing.
Bitcoin or crypto market doesnt usually reacts with external reasons but it turns out to be completely different as of this year
on which these sentiments turns out to be significant already.

The weirdest thing is that they are not even getting accepted. I am not saying it would never be, just that there is no extra added reason why it should be accepted at this point, we could definitely see a point where it may not be all that crazy. I believe that we are going to end up with something that would benefit a ton if it really happens but it is not happening at this point.

So the question we need to ask, if the ETF didn't get approved now, why would it go up now? It should go up when the approval comes in, and it is not coming in anytime soon, not like for another month and probably even later. So, it is basically just a rumor that made the price go up this much and that's not really a good reason but as long as it is higher, I am happy, no matter what the reason is.

This what makes this market unpredictable on which even if the situation is pretty obvious but it totally goes opposite on what are the effects that its been showing.Its true that it wasnt still that been approved but turns out that the market do make out some significant jump to its price even if its not really that still approved.How much more if its approved? We do know that sentiments could really be ended up on being positive or negative.This is why if you do see or notice that the market is really having that positive vibe or momentum then it would really be just that wise that you should really be taking advantage.