Quote from: ShowOff on January 15, 2024, 07:53:57 PM

Quote from: dunfida on January 15, 2024, 06:52:30 PM

Quote from: edward500 on January 14, 2024, 11:27:04 PM

We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

SELL THE NEWS!
BUY THE RUMOR!

Its always been like this and this had been that a common action that most traders/investors would really be doing. Lots of had been anticipating for Bitcoins price to shoot up high or reaching out on new ATH
when ETF is going to be approved but look at on what happened? We are seeing the different scenario or situation as of this moment on which they had made those long positions and bullish ones left hanging. Cheesy

Come to know that there are even those sudden hack and made out some false post about approval and then its been deleted and telling that they've been hacked. LOL!

Now that the price is really that playing around 40k+ up then i dont see for this to be a major drop down. It is really just that people are really that anticipating or really
that expecting way too high in regarding on the potential price without even trying out to think on what are the probable situations that they could really
be able to encounter into this manipulative space.

The market needs time to get a positive response from large investors after the approval of the bitcoin ETF. It may take several months before prices actually rise, so I agree that ETFs do not have an immediate impact on prices even if the fundamentals are considered good. Moreover, the bitcoin halving will occur in a few months, so maybe this will be a benchmark for investors before carrying out further accumulation.

In anticipation of larger price spikes, holders should know what they should do now. Yes, accumulation and DCA are things they should consider rather than letting the portfolio stay the same over the long term.

For those who dont have knowledge or having that experience then for sure they would really be having this kind of impression on which that ETF approval turns out to be shit, but for those people who are really that
having some experience on how market works and how it behaves and other fundamentals then they would really be normally be trying out to assume that positive effects of this ETH approval might take up some time.
Now that the price is really that having some correction or retracement but i wont be shocked if this one would be easily breaking 50k-60k on this year or few months later.
We do really just need up some another positive catalyst which would really be pushing up the price goes higher but well we do know on how this market behaves or works.

Lets just see on how it would really be able to make that huge effect into this market now that intitutional funds are really that flowing into but i wont really be shocked
if there would really be some obvious manipulative kind of acts. Cheesy