Quote from: afbitcoins on February 22, 2017, 10:27:32 PM

Quote from: EatonABooger on February 22, 2017, 10:23:40 PM

Quote from: afbitcoins on February 22, 2017, 10:10:42 PM

Quote from: york780 on February 22, 2017, 10:08:25 PM

but with such an great increase just before an 60 a 70% chance of a little dump (ETF) seems quite strange to me. It seems that the market dont expect a 'big' dump. Is this an usual patern to the earlier ETF aproval dates. And didnt the price pumped and decreased in the earlier ETF scenario's ?

I'll say it again, despite all the chatter about an ETF pump, the ETF is small fry compared to bigger market forces at work. Bitcoin doesn't care about an ETF

sounds like the only explanation is that many (or a few doing a lot of buying) have definite knowledge of the ETF being approved. Why does no one seem to think that there could be many folks who have access to the "insiders" that have leaked some information. This is not a typical SEC decision where the outcome allows one to make a few percent depending on the outcome.

This is an historic decision where anyone who could know of a "definite" approval could make a once-in-a-few-lifetimes type increase overnight.

What insider would NOT give a gift to a couple of their loved ones? Next thing you know there are a few hundred folks that maybe turn into a few thousand that know of a "definite" approval and are out buying BTC.

just one theory.

Well if this is all about the ETF (which I still doubt) maybe its a case of 'Buy the rumour sell the news'

It's always been sell the news.

DingDong87

Posts

Merits