Bitcoin Price Thread

Seriously? there are many traders who are actually it for trading.

 

traders and winning traders are two different things.

 

Early adopters, my a$$:

 

$6900 is a buy with a bounce to 7600 at least. Based on daily chart.

 

Deadcat bounce ended, next stop low $5000?

 

That is known to me, but for many traders, it is a helpful tool

 

these 'many traders'... I bet dollars to donuts they are all in the loser category.

 

around $5k btc, the cryptos would still have $200b cap... do you want to own a bunch of white papers, plus a couple of coins used to buy drugs/porn, or you can own Netflix with $50b walk-around money.

there is no value proposition here.. $50-100b is quite generous for some technology that really still doesn't have any clarity of what it will do... this means $1-3k bitcoin, give or take.

 

Bitcoin fell sharply on Wednesday because the SEC postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by VanEck and SolidX. This is VanEck's third attempt to push a Bitcoin ETF through.

 

It will not happen. VanEck is too small time and cannot offer the underwriting that the SEC requires. They would need to team-up with a wirehouse to get it done.