Will 11 March be a day of triumph? or... 

Bitcoin has been reaching all-time highs after a weird start in 2017. Does the virtual currency have what it takes to be approved by the SEC (Securities and Exchange Commission)? It is the first day of March and the Bitcoin price is somewhat able to maintain its $1200 (approx. ZAR 16,500) region. Will there be a remarkable increase of the Bitcoin price in anticipation of the approval of the ETF? Maybe $1500 to $2500 a coin?

It would be obviously wise to hold Bitcoins if profit will be realized, but what will happen if things do not go according to plan? Will we see Bitcoin dump down to like $500 a coin, due to disappointment, or will it be as if nothing happened. If the ETF succeeds though, it would then be certain that Bitcoin is a currency to invest in as it would likely have an amazing future. Either way, the "storm" will benefit some at the cost of other people. 

Long term traders have placed leverage based on fundamental analysis, will things go in their favour? I wonder...Either way, let us not risk more than what we can lose.

Overall, I cannot wait to see the outcome, besides, "smooth seas never created a skilled sailor", EXPERIENCE is key.

By Sthumacher Experience

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