I read a few ideas with comparing Bitcoin growth and ETF approval. Are you serious guys? They only refused a hundred times a week ago Bitwise and now you are thinking of getting approval for the VanEck application? I estimate the odds of approving an ETF of 0.1%.
This will not happen until the market is fully regulated and secure. Now it is a wild west and manipulation!
Trade ist aktiv
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It's possible
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SEC has again delayed a decision on a bitcoin exchange-traded fund (ETF) proposal from VanEck and SolidX.
What did I tell you! Miracles don’t happen!
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Just absolute similarity. We are waiting for confirmation of breaking down and open the short.
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Perfect
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Wow! These patterns are like two twins. We look at the level of $7200
everyone is sure that we will hit 10k in the coming days and 20k in the coming months- my,my,my, how short memories people have- This will end badly for some, there is so much compression on the higher time frames it's like a coiled spring- kind of reminds me of December 2017.
kardia
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Folks, be careful what Alts you invest in! Some exchanges are doing shady things and may not be around much longer. By now you should know the most recent disaster which took place with Cryptopia. People are also complaining about HitBtc now. Be careful! Your Altcoins won't be worth anything if they are only listed on bad exchanges which eventually close their doors on you. Only use exchanges with a good reputation.
@kardia, UPDATE: I think I know what may be happening with people having withdrawal issues on HitBtc. Accounts that are not verified (KYC) can only withdraw a certain amount of Bitcoin daily. Altcoins have an equivalent value of Bitcoin, therefore, the daily limit rule would also apply here. In other words, if you have more than 1 Bitcoin worth a particular altcoin and try to withdraw it all the same day, then it won't work because the amount you wish to withdraw exceeds what is permitted for unverified accounts. It could be possible people are ignoring this rule or have forgotten about it and are running into problems. I had a very small amount of ICON, which I withdrew today without any problems. In fact, the transaction was much faster than expected. It seems the withdrawal issues could be the result of users overlooking the rules associated with unverified accounts.
kingkupat
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Though it appears the same it is not. The sell off you see from 2018 was from a top. The one current is from a bottom. Look up Wyckoff accumulation phase and compare that to bitcoin at the 3000 level. We're just in completely different places market wise. Even consider the FA.
Bear in mind with the upcoming efficiency upgrade coming to the bitcoin mining network. The Fundamental Price Floor has a good chance of dropping even lower. This is what caused the crash in Nov 2018. If the miners choose to increase the efficiency and drop the hash rate we should be going low low low. I run the algo on my website May 24. Depending on how the dice roll, you might be soft on your short ;). The metrics will show in 4 days.
My analysis of Nov 2018 and the ~50% crash:
veta
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@cocoadreamboy, Hey where could I read more about this - what's happening in 4 days and why would miners purposefully vote to lower the value of their inventory?