The current increase in price is down to speculators buying because they think the ETF might be approved. Of course they might take profits as we get nearer the decision.
It is also possible that the SEC does not make a decision but instead postpones it again, asking for further information.
Topic: 11th March, SEC approve or not bitcoin in ETF - page 2. (Read 2273 times)
I saw this theme in Coindesk days ago
Interesting article because they make impact analysis that the price would suffer
Read the article here
http://www.coindesk.com/charts-etf-approval-impact-bitcoins-price/
Interesting article because they make impact analysis that the price would suffer
Read the article here
http://www.coindesk.com/charts-etf-approval-impact-bitcoins-price/
Will there be a boom in price if it's approved - Yes
Will there be a dump if it's rejected - Some exent of a dump I guess so
Will it be approved - There's supposed to be a less than 30% chance unfortunately
Will there be a dump if it's rejected - Some exent of a dump I guess so
Will it be approved - There's supposed to be a less than 30% chance unfortunately
30% chance of approval is pretty high,i think the chance is less than 1%.
People who are not familiar and skeptical about bitcoin think that btc is just a bunch of code used for money laundering schemes.Bitcoin still has bad reputation and this can`t be changed for one month.
Depends on the performance of the network, I believe recent delays and attacks were somehow related to this matter like they were testing the entire network. hopefully they approve it that is a step forward for bitcoin.
Will there be a boom in price if it's approved - Yes
Will there be a dump if it's rejected - Some exent of a dump I guess so
Will it be approved - There's supposed to be a less than 30% chance unfortunately
Will there be a dump if it's rejected - Some exent of a dump I guess so
Will it be approved - There's supposed to be a less than 30% chance unfortunately
You're definitely asking people to speculate because no one really knows for sure! I think that most people would agree that if the rule change is approved then the price will increase. If it is rejected it will most likely go down. That being said there is always the argument that either of those things has already been priced into the market, or that the market will wait on the other ETF's that are waiting for approval and not affect price that much. We will have to wait and see!
Hi everyone,
I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?
Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.
I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?
Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.
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