Quote from: Paashaas on Today at 05:08:55 PM

Fake ETF pump Cheesy

It was discussed long ago that don't get too excited for immediate effects of ETF rather wait with patience.

Quote from: WatChe on December 31, 2023, 02:01:30 PM

Quote from: ivomm on December 31, 2023, 10:25:38 AM

It took less than 3 months in 2017 i to reach 20K starting below 4K. And then everyone knew CME and CBOE won't buy actual bitcoins. Now it is different. It is hard to predict what will happen in the next few months. It depends how quickly the main ETF buyers will adapt to the new opportunity to buy bitcoin ETF's. May be there will be a rush, may be not. And may be some will be dissapointed by the slow start and dump their coins. But in the long run the supply shock will make the difference of course.

I remember Dec 2017, when Bitcoin touched $19,000 on Dec 19. There was speculation rather confirmation in the market that in 2018 price of Bitcoin will be 100$k but a year later we saw Bitcoin at 3500$ in Dec 2018. Bitcoin didn't even saw 19000$ in 2018.
Once again the situation is very much same. With ETF's and halving coming up next year, speculations are high about Bitcoin price in 2024. I do agree that we dont know what will happen immediately but in long run it will have an impact.