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RE: BTC - We have now erased all gains from the ETF rumor.

in #bitcoin6 years ago

The interesting thing is, that a minor factor as ETF being postponed causes that much losses, while real good news don't effect the price at all, what will happen, when BTC will be denied in September?
My guess is, that we won't see an uptrend for a long time now - especially since most people seem to have lost their trust in altcoins. We are talking about 80 Billion $ that have left the market over just 2-3 weeks - that's 1/4 of the total market cap. I'm out of the crypto game for now and I will only return, when we see a very clear upwards trend.

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Not a bad strategy. I am hopeful something unexpected happens to give bitcoin a bid again. At some point we likely run out of sellers.

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