Post
Topic
Board Bitcoin Discussion
Re: What if Bitcoin ETF is not Approved
by
Altryist
on 05/01/2024, 13:16:34 UTC

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.
In this case, the ETF is used as a manipulative tool, we saw this very clearly from the beginning of the year, when the news first gave Bitcoin an impetus for growth, and then caused a decline. This was all done through manipulation in anticipation of the ETF, and it is obvious that this is not the last attempt by manipulators to make money in this way.
If the ETF is not approved, then they will simply continue to play on this, new applications will be submitted again, new approval dates will be announced, maybe they will shift it somewhere after the halving, or somewhere else.