I have been waiting for this discussion for more than 2 weeks, in spite of reading many articles, did a lot of research online and concluded that Wallstreat is not ready for BTC yet but i was worried, i mean one should be in doubt for such a decision because it is huge if accepted and vice is significant also.

EFT proposal is not only a new asset could be added to market, it is in deed first possible official recognition for cryptocurrency.

       from all previous news that affect BTC price, i think this one is the biggest, if EFT proposal accepted it would be an official recognition from gov institution, people will trade BTC with forma regulation and that indirectly give a legal umbrella to  Altcoin also, that will cave the way for more acceptance and for other countries to consider it.
 Rejection of this proposal means cryptocurrency will sit in the backseat for at least this year, some people argue that ETF approval will harm BTC in long term but one might be skeptical about that, i mean in my opinion 3 things can make BTC rise to the moon first is mass adoption, official recognition and killing apps.

I am waiting for the bottom to pick up some BTC

    Those who bought BTC in hope of ETF approval will start the panic, first wave already pull the price from 1300$ to around 1080% now,  no one can be sure about how much BTC will fall these days but am welling to buy around 900$. In the other hand one can expect quick recover to 1200$ in less than month, that make this a great opportunity to take a good position holding some coins.

STEEM price

   All altcoin was in downtrends last weeks with few exceptions, add to that some whales powering down  and overall decrease activity in steemit that mixture contribute to current fall in price, this is my opinion anyway there is tow side of argument in investors chat rooms, the first team think this is the all time low and STEEM will recover to 14k soon, the other group think that STEEM price is already high compare to current steemit user to marcketcap. i prefer the first opinion because among all crypto only STEEM have real value that can be used and add to that STEEM potential with fast transaction(short block time), simple wallet easy to use, stable blockchain (almost a year) beside that steemit is only one application that use STEEM.

   STEEM need development to reach its maximum potential, improve steemit as asocial platform by syncing steemit chat, adding steemit groups and more can be done, increase steemit capacity is mandatory for next wave of new people joining soon, encourage merchants to accept STEEM and use steemit as open online market will be huge, the most vital step to do is marketing and marketing and more marketing, steemit now in an experimental social platform used by tiny amount of user, in 24th March will be steemit birthday, it is a great opportunity to take it out to people,in front of mass eyes with good campaign leaded by founder and supported by community.

I hope this year will take STEEM & steemit to next level especially that we approaching steemit birthday by the end of this month.

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