Post
Topic
Board Bitcoin Discussion
Re: What if Bitcoin ETF is not Approved
by
EarnOnVictor
on 05/01/2024, 12:48:10 UTC
Who cares with Bitcoin ETF, either it's accepted or not, there's no reason to buy Bitcoin ETF since it just an IOU.

However, from now till 2026 will be promising for BTC as there would be favorable outcome..
Why it must be 2026? do you think Bitcoin went to $0 in 2027? Roll Eyes

Bitcoin price will keep rising in long term, sudden dump or bear season is inevitable, but that doesn't enough to stop Bitcoin to rise and break new ATH.

We care if Bitcoin ETF is accepted. I made a post concerning the timing of event which I would like you read;
https://bitcointalk.org/index.php?topic=5474531.msg63178407#msg63178407

Why 2026? I have put into consideration several factor. One major factor is the Halving and another is the Bull run. There have to be a gap for possible eventuality.
I agree with you that Bitcoin prize will keep rising in a long run.
I think he meant the bull run continuation, but 2026 is not feasible for the continuation of that bull run judging by what has happened in the past. For those who are conversant with how Bitcoin has behaved in the past, there are bullish and bearish seasons and the bearish season is longer than the bullish season to the extent that the coin would seem forgotten before it comes back to life again. I expect this to continue but it will be safer if anyone holding Bitcoin can make a decision to liquidate in the first half of 2025. I do not think it can surpass that time.

But we should still engage our trading charts and other speculative means to ascertain what to do. Again, no matter what happens in the ETF saga, Bitcoin will live on. People are overrating the ETF of a thing and if eventually rejected, Bitcoin might only suffer some temporary setbacks and get to overcome it afterwards. Peradventure it is approved, it is still a win-win for the coin. Regardless, halving is another key player here that will bring back the needed FOMO to the market, and no matter what happens with news including the ETFs, Bitcoin will still find its way up over time.