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/biz/ - Business & Finance

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57146932 No.57146932 [Reply] [Original]

Ok biz, lets say the Bitcoin ETF finally gets approved. What do you think it does to the price?

>> No.57146936

>>57146932
Nothing, it's priced in

>> No.57146939

>>57146932
mostly priced in, so small pump at best, then downtrend for months

>> No.57147004

>>57146932
58k before a week has passed

>> No.57147006

>>57146932
I will be surprised if it doesn't pamp to 50k. But it's probably mostly priced in so I don't expect anything huge

>> No.57147015

>>57146932
priced in, see you at 32k

>> No.57147041

>>57146939
this. Once it's approved there will be no things to look forward too. So people will start dumping and shorting

>> No.57147050

A small pump to 48k to lure the longers, the a flash crash to 39k to liquidate them, then months of crabbing between 30k and 40k until the late 2024 bullrun begins.

>> No.57147057

>>57146936
>>57146939
>>57147015
>>57147041
You had 2 years

>> No.57147074

>>57147057
and you have 2 weeks

>> No.57147131

>>57147050
two more weeks till le 30k crab

>> No.57148808

>>57146936
The level of cope here is remarkable.
It wont pump instantly, but when etfs get approved 200k within a year is literally a done deal.

>> No.57148839

>>57146932
it'll dump first because priced in. go check the gold chart. dumped right after approval to shake out smartasses and then blast up to infinity.

>> No.57148945

>>57146939
>>57147041
People who say this have no idea what they’re talking about. Perhaps the “news event” has somewhat inflated the price, but unquestionably this ETF will bring in trillions of dollars into the Bitcoin ecosystem over the next 12-24 months. Pair that with a reduction of supply after the halving, a flight of exchange held Bitcoin to cold storage, etc - and you’re looking at $500-700k sooner than most expect. This two nimwits will still be waiting for the perfect “buy back in” opportunity. I’ve seen this happen time and time again since 2013.

>>57147057
This anon is based

>> No.57148954

>>57146932
The price will dump as low as $32k at the start of the approvals. It's an easy sell-the-news event and lots of retards are long. Then we'll get a mega pump up to and after the bitcoin halving. Don't be a surprised if BTC surpasses it's ATH in Q1 and $200k by the end of the year.
>t. wholecoiner with years of experience

>> No.57150025

>>57146932
Everyone is saying it's priced in, which means it's not priced in. Priced in is the midwit play.

>> No.57150286

What's coming is definitely not priced in. Traditional markets are failing and crypto is the perfect vaporware bullshit to keep the pyramid scheme US economy functioning for a few more years. Remember to trade some for real assets when the time comes.

>> No.57150307

>>57146932
Sell the news dump to 35k. Sloooooooow 6 month long climb back to ~42k through the summer. Then 'only up' season begins late summer/early fall.

>> No.57150315

>>57146932
Scam pump day of announcement that whales sell into and then goblintown for 10ish weeks until prehalving hype starts. Probably going to 28k.

>> No.57150318

>>57148808
>>57148945
holy fucking shit how retarded can you be 500-700k LMAO

>> No.57150331
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57150331

This is going to be the biggest sell the news event in history. It will definitely get below 30k and will likely go much lower than that

>> No.57150345

>>57150307
>>57150331
Post shorts.

>> No.57150348

The fact that everyone is thinking that the bullrun will start at the end of the year makes me think that it will be way sooner. Always does/expect the exactly opposite of what biz says.

>> No.57150410

>>57150348
Yea, it will start in april.

>> No.57150414
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57150414

>>57150345

>> No.57150515

>>57150318
Tell me you just showed up here without telling me you just showed up here. I’ve been buying Bitcoin since 3 digit prices. Many have been and will be left behind with such thinking as yours. Stay poor

>> No.57150522

>>57146932
the biggest one-day green candle in Bitcoin's history.

>> No.57150540
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57150540

>>57150318
2021 eternal newshit latecomer detected