We have always a debate with my friends and close relatives who are always in the circle of the crypto discussions. We try to understand each other and trace the market moves and analyze the market on different conditions.
On the days of weekend we have about 2-3 hours meeting where we discuss about market conditions, different scenario's and market movement on weekly basis.
The hot topic of our discussion is now adays #ETF approval. All investors eye are now on one thing and that is whether ETF will be approved or denied.
One thing you have to keep in mind that crypto market is not totally decentralized but is being controlled by whales decisions. They try to manipulate the market and create news.
How long have you been in this market? What you have understand till now? I have joined this market from 2017 and I am still here. During this time period one thing that I understand is that whales, orgainzations, institutions, and other large businesses control the market and make the news.
They always try to create the rumors and that the actual game of them. Who are being slaughtered in these scenario. Me and you. We are the ones who get trap with their moves and decisions.
As we talked with each other and discuss on different market scenario , we came to the conclusion that any thing big is going to happen. They have almost created the news that is ETF approval or not.
Navigating Crypto Talks, ETF Expectations, and Market Realities
A big dump or pump is happening in the next week. Therefore, Its an advice for all the investors and users to stay away the market these days.
Keep safe your money and wait until the situation gets clear. Because this is the position which will either take the #Bitcoin at $65K or back to $30K. In both cases investors are in loss.
Anyway, there is no loss for long term holders if they are in spot market. Because the coins have to move upside sooner or later.
but for the traders it is an advice to stay away from market and keep an eye on the news about ETF approval. This is my personal view and not any financial advice. Do your own research.
What do you people think about ETF approval? Will it be approve or deny? Do you think crypto directions are set by making news? Will be glad to see your answers in the comment section.
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Yeah, I think the pump and dump already begun this last week for Hive
Nice article.
I believe Bitcoin will move to positive direction and suddenly crash. I believe this is a trap
I think that the crypto market will not be approved because it is easily manipulated by whales and organizations. Although the expectation is that the approval will come, I think that most people are ready for the negativity that a reverse situation will create.