Big SEC Decision on Bitcoin ETFs: What's Your Price Prediction?

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: justdimin on August 16, 2023, 01:16:46 PM

Quote from: AmoreJaz on August 16, 2023, 08:15:48 AM

Quote from: Zee27 on August 16, 2023, 04:10:06 AM

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.

I agree that getting a loan would be one of the worst ideas ever, you should not get a loan to invest and in most cases that's not even allowed neither, you shouldn't do that. I agree that it is going to take a while for people to realize what we are doing, but as long as you believe that will happen then you are going to end up with a good profit for sure. Just use your own money and the next year will be going up, ETF or not, doesn't matter.

With halving coming up, ETF will not matter and the price of bitcoin will go up without a doubt. I get that some people are not looking at this as important deal, but if you are certain what's going to happen then we are going to end up with a good return one way or another for sure.

Getting a loan for a speculative investment is indeed a horrible idea. I can speak from experience as I once took out a loan in BTC and went terribly. I also think that almost everyone is saying that the ETF will propel Bitcoin to new heights, but before doing crazy financial things it is best to remember that markets are great at inflicting maximum pain and it feels to me like that will best be accomplished with a crash between now and the halving.

justdimin

hero member

Activity: 3220

Merit: 678

www.Crypto.Games: Multiple coins, multiple games

Quote from: AmoreJaz on August 16, 2023, 08:15:48 AM

Quote from: Zee27 on August 16, 2023, 04:10:06 AM

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.

I agree that getting a loan would be one of the worst ideas ever, you should not get a loan to invest and in most cases that's not even allowed neither, you shouldn't do that. I agree that it is going to take a while for people to realize what we are doing, but as long as you believe that will happen then you are going to end up with a good profit for sure. Just use your own money and the next year will be going up, ETF or not, doesn't matter.

With halving coming up, ETF will not matter and the price of bitcoin will go up without a doubt. I get that some people are not looking at this as important deal, but if you are certain what's going to happen then we are going to end up with a good return one way or another for sure.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Zee27 on August 16, 2023, 04:10:06 AM

Quote from: yhiaali3 on August 11, 2023, 09:29:04 PM

ETF is not of much value to Bitcoin and will not affect the real price materially because the supply or demand for the actual amounts of Bitcoin will not change. But in my view, the moral victory over the SEC is the most positive thing about this approval.

After the SEC rejected the requests of BlackRock and other companies, it returned and obtained approval, and this also comes after Ripple’s victory over the SEC in its famous case, so all of these reasons will have a significant moral and positive impact on the market.

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.

Zee27

newbie

Activity: 129

Merit: 0

Quote from: yhiaali3 on August 11, 2023, 09:29:04 PM

ETF is not of much value to Bitcoin and will not affect the real price materially because the supply or demand for the actual amounts of Bitcoin will not change. But in my view, the moral victory over the SEC is the most positive thing about this approval.

After the SEC rejected the requests of BlackRock and other companies, it returned and obtained approval, and this also comes after Ripple’s victory over the SEC in its famous case, so all of these reasons will have a significant moral and positive impact on the market.

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

Best-mary

jr. member

Activity: 280

Merit: 8

BTC Lover|Crypto Educator| We Grow by Learning!

Quote from: Hispo on August 11, 2023, 11:16:59 AM

I am personally not expecting much of a price change with the introduction of more ETFs of Bitcoin.
Perhaps it could bring more awareness of Bitcoin to people who have been used to traditional investment tools for a while, but in reality the best case scenario would be new people joining and actually buying and keeping their Bitcoin in their personal wallets.

At least we are seeing how Bitcoin and crypto in general slowly continues to lose the stigma it had from the beginning, this is not longer an asset used for tax evasion and dark web dealings, but a legitimate one which people is interested in. Eventually, skeptic users will move from ETFs, to exchanges and hopefully to self-custody.

Yeah, the most important thing is in holding before it surge. Glad I got a lump sum ln my wallet

Quote from: btc_angela on August 13, 2023, 05:07:43 AM

Quote from: Best-mary on August 12, 2023, 06:28:12 PM

Quote from: avikz on August 11, 2023, 09:41:33 AM

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

Like saying the people that wants to see the fall of bitcoin are the one bringing it to light. Now I'm eager to see how this goes at the same time looking at my chart

And with that, there is no major SEC decision that is forthcoming, for example the ARK 21Shares Bitcoin ETF Filing was pushed again by the SEC. So obviously, with this news, there are no impact whatsoever, we remain as what we have seen in the last 6 months or so, $28k-$30k at least.

So I guess we really need to wait for the decision itself. I mean the day whether they will approved or denied it. Not just saying that they are going to delay with their decision. It's either a Yes or a No to see the impact on the price.

Most probably, the price won't have much impact since is now an anticipation and the implementation won't really move people that much.

I can't believe this got me accumulating btc just in case. Lol, but it is worth though. Maybe next time, I would use sniper strategy to get the work done

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Best-mary on August 12, 2023, 06:28:12 PM

Quote from: avikz on August 11, 2023, 09:41:33 AM

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

Like saying the people that wants to see the fall of bitcoin are the one bringing it to light. Now I'm eager to see how this goes at the same time looking at my chart

And with that, there is no major SEC decision that is forthcoming, for example the ARK 21Shares Bitcoin ETF Filing was pushed again by the SEC. So obviously, with this news, there are no impact whatsoever, we remain as what we have seen in the last 6 months or so, $28k-$30k at least.

So I guess we really need to wait for the decision itself. I mean the day whether they will approved or denied it. Not just saying that they are going to delay with their decision. It's either a Yes or a No to see the impact on the price.

Best-mary

jr. member

Activity: 280

Merit: 8

BTC Lover|Crypto Educator| We Grow by Learning!

Quote from: avikz on August 11, 2023, 09:41:33 AM

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

Like saying the people that wants to see the fall of bitcoin are the one bringing it to light. Now I'm eager to see how this goes at the same time looking at my chart

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

During a gloomy market period we have little reason to justify volatility, before the ETF and SEC news I actually found it funny because a lot of people thought it was good news in, of course, acceptance. Acceptance seems to be very popular with those waiting but honestly it is not so special, and this issue will easily force the next time on acceptance and openness.

Blitzboy

hero member

Activity: 1344

Merit: 565

Leading Crypto Sports Betting & Casino Platform

Thus, everyone is raving about this Bitcoin ETF decision as if it were the final word. But let me tell you something: Bitcoin doesnt fucking care. There's no denying its worth, strength, and promise. And to everyone who is currently doubting it? They will be crying with remorse in a few years. Recognize that Bitcoin is far more significant than such insignificant issues rather than waiting anxiously for the SEC's ruling. Tomorrow is here. Lets not get lost in today's noise and miss the bigger picture.

adaseb

legendary

Activity: 3808

Merit: 1723

Most likely the etf will be delayed. Same with all the other etf applications which are current including blackrock. The blackrock team basically stated that it will take 4-6 months for the etf to be approved but they are confident that it will be approved.

The sec will delay it and ask for more documents most likely. This will go back and forth until the sec is satisfied and then they will eventually approve it but it won’t be at least until the end of the year.

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

I agree with the consensus in this forum that in reality BTC-ETF is not actually a big development for Bitcoin but since we are living in the real world where market sentiments are always a force so maybe in case of an approval there can be a big push for the price of BTC but I am sure this is just going to be short-lived. Now, in case, the opposite can happen - SEC delaying or rejecting the application - that will not have a negative effect on BTC as we know that the crypto industry already knows how erratic is SEC these days on matters related to crypto in general. With Gary Gensler around, it would be a big miracle for an ETF to be approved but then who knows what can be?

yhiaali3

legendary

Activity: 1848

Merit: 1982

Payment Gateway Allows Recurring Payments

ETF is not of much value to Bitcoin and will not affect the real price materially because the supply or demand for the actual amounts of Bitcoin will not change. But in my view, the moral victory over the SEC is the most positive thing about this approval.

After the SEC rejected the requests of BlackRock and other companies, it returned and obtained approval, and this also comes after Ripple’s victory over the SEC in its famous case, so all of these reasons will have a significant moral and positive impact on the market.

livingfree

hero member

Activity: 2996

Merit: 580

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Best-mary on August 11, 2023, 09:18:33 AM

The crypto world is buzzing as the SEC prepares to reveal a crucial Bitcoin ETF verdict. The ARK 21Shares Bitcoin ETF news might arrive earlier than expected, thanks to a Sunday deadline.

But here's the real question: How will this decision affect Bitcoin's price? Will it soar or slump?

It will soar which is the typical expectation that shall happen.

But it is no wonder if these ETF that have been applied for approval will eventually get rejected. It has been years since the last ETFs have been on the news everyday.

And then, they didn't managed to get an approval, and that's why it will not be a thing anymore for me if there will be a news of rejection. This is also to keep myself from too much expectation in the market.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: Faisal2202 on August 11, 2023, 06:30:20 PM

Because once the ETFs will got approved the demand of the BTC will increase because the companies who applied for BTC ETFs will buy BTC more and more and in that race,

many of the current applicants already hoarded their initial reserves to offer basket of shares. they are les likely to grab more on announcement day. its the next gen applications(not yet applied) that will rush to try to fast track their own new applications by using the first success as a template for their own new applications that will then want to grab a lump of coin for reserves to offer their own.

later on after the first mover sells through their first lump of reserves of share baskets will then gather more. but the initial movement of coins at a ETF acceptance announcement will be from those not yet applying but see that there is a possibility and gain confidence to try entering the sector, thus would need a reserve upfront when applying

Faisal2202

hero member

Activity: 1414

Merit: 513

Payment Gateway Allows Recurring Payments

Quote from: Best-mary on August 11, 2023, 09:18:33 AM

The crypto world is buzzing as the SEC prepares to reveal a crucial Bitcoin ETF verdict. The ARK 21Shares Bitcoin ETF news might arrive earlier than expected, thanks to a Sunday deadline.

But here's the real question: How will this decision affect Bitcoin's price? Will it soar or slump?

I did not get it right i think you said not a company will declare the announcement of new ETF request went for approval but instead SEC by itself will make announcements that a new Bitcoin ETF is going to come in the market? if that's the case then this ETF will definitely have a good impact on the price of Bitcoin. As, other ETFs has made impact. I can see many people are saying that ETFs have no impact on the value of BTC. but i don't think that's true instead it do have impact on the value.

Because once the ETFs will got approved the demand of the BTC will increase because the companies who applied for BTC ETFs will buy BTC more and more and in that race, demand will increase while the supply remains the same and this will increase the value of BTC. SO, i might be wrong but if someone is saying BTC ETFs have no impact on BTC price then i think they don't wants others to be get benefit from this opportunity. The thing is the impact will be then when the ETF request will be approved not by the news only.

thecodebear

hero member

Activity: 2240

Merit: 848

Zero chance. Gensler isn't going to do anything to allow Bitcoin's presence in America to increase. Any ETF will either get denied or the decision will get delayed so they can deny it later. Same as always.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

In my opinion, this would be little impact to the price of Bitcoin. Some people are relying to SEC and they will only invest if there's a good news from them. If people see this as a good news, and encourage new investors, the price would definitely increase. The current marketcap of Bitcoin is around $571B, so if ever it's added for around $100B would surely increase it's price. The only one thing to do that is not the ETF itself but the effects to the big investors in Bitcoin because of ETF.

Ale88

legendary

Activity: 2576

Merit: 2880

Catalog Websites

Quote from: avikz on August 11, 2023, 09:41:33 AM

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

Probably we're talking about different ETF because the last time I read some news it was about bitcoin spot ETFs, so that means that the funds actually have to buy bitcoin, we're not talking about some futures or stuff like that. And those funds manage ridiculous amount of money so even if 1% of what they manage gets poured into bitcoin we're still talking about a huge amount of money. Bitcoin's market cap is still very low at the end of the day.

The Cryptovator

legendary

Activity: 2408

Merit: 2226

Signature space for rent

To be honest, I've never really observed noteworthy price shifts in response to ETF news in the past. The occasional uptick seems more like a result of hype rather than a genuine bullish trend linked to ETF news. Bitcoin's inherent volatility has driven its movements even without ETF-related updates. Given the SEC's attempts to curtail the cryptocurrency market, I don't hold high expectations for substantial impacts from these ETF announcements.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: Best-mary on August 11, 2023, 09:18:33 AM

The crypto world is buzzing as the SEC prepares to reveal a crucial Bitcoin ETF verdict. The ARK 21Shares Bitcoin ETF news might arrive earlier than expected, thanks to a Sunday deadline.

But here's the real question: How will this decision affect Bitcoin's price? Will it soar or slump?

This depends on the hype the ETF can bring the market and how it will affect the sentiment of the traders. It is expected that there will be a positive effect on the market sentiment, the problem lies on the grounds on how high it will impact the market. If it does not give an impression that much, we might see the price of Bitcoin still tanking.

What am saying is that it is early for us to tell we can just have speculation but I think it is best to see it for ourselves how the market will react on the SEC decision since it will happen soon.

Topic: Big SEC Decision on Bitcoin ETFs: What's Your Price Prediction? (Read 257 times)