bitcoin ETF announcement March 11 what do you expect?

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: Sanekavg13 on March 11, 2017, 12:40:48 PM

Quote from: olushakes on March 11, 2017, 09:44:42 AM

Quote from: Indrawan77 on March 10, 2017, 08:58:32 PM

Etf rejected the idea, so we will see the price drop down in this few days, and now we already see the effect of the rejection, the price already go down, but no need to panic bitcoin will still survive, but this few day will be unstable

Dats exactly my position when a lot if people had put their trust in ETF as if the whole bitcoin world depended on it. Whether etf or not, we have been surviving and when the decision has been made, we will still survive. Its just a mere setback that will be witnessed and as a lesson we are closer than we were years back.

Yes, I agree that this decision had no strong effect on bitcoin. And in the near future, the price of bitcoin will recover and start growing again. Do not panic, everything goes as it should

It has a strong short time effect toward bitcoin. Can't you see how low Bitcoin drops when etf was rejected? But well it was a short time effect since I seen some recovery now. This only means being approved as ETF is just a small part of Bitcoin, and I think it is a good thing that ETF is not approved because it somehow contradict in some point Bitcoin's purpose of decentralization.

Sanekavg13

sr. member

Activity: 285

Merit: 250

Quote from: olushakes on March 11, 2017, 09:44:42 AM

Quote from: Indrawan77 on March 10, 2017, 08:58:32 PM

Etf rejected the idea, so we will see the price drop down in this few days, and now we already see the effect of the rejection, the price already go down, but no need to panic bitcoin will still survive, but this few day will be unstable

Dats exactly my position when a lot if people had put their trust in ETF as if the whole bitcoin world depended on it. Whether etf or not, we have been surviving and when the decision has been made, we will still survive. Its just a mere setback that will be witnessed and as a lesson we are closer than we were years back.

Yes, I agree that this decision had no strong effect on bitcoin. And in the near future, the price of bitcoin will recover and start growing again. Do not panic, everything goes as it should

olushakes

sr. member

Activity: 476

Merit: 254

Quote from: Indrawan77 on March 10, 2017, 08:58:32 PM

Etf rejected the idea, so we will see the price drop down in this few days, and now we already see the effect of the rejection, the price already go down, but no need to panic bitcoin will still survive, but this few day will be unstable

Dats exactly my position when a lot if people had put their trust in ETF as if the whole bitcoin world depended on it. Whether etf or not, we have been surviving and when the decision has been made, we will still survive. Its just a mere setback that will be witnessed and as a lesson we are closer than we were years back.

X-ray

hero member

Activity: 2996

Merit: 524

Leading Crypto Sports Betting & Casino Platform

Quote from: bravehearth0319 on March 10, 2017, 11:07:56 PM

Quote from: ggbitcoin000 on March 01, 2017, 03:27:25 PM

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

The decision has been finally made now, but even its been rejected its fine then expect the price drop for the coming few days which is a sign of panic buying, but no worries because we can still survive and can be recover again to 1300$.

My dream is come true and my speculation is to be real for buy more bitcoin on the cheap price. This just a simple bubble and it will not affecting a lot for the bitcoin itself. And it think in this time the price is recover again but to prevent the another dump coming in next day.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: ggbitcoin000 on March 01, 2017, 03:27:25 PM

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

The decision has been finally made now, but even its been rejected its fine then expect the price drop for the coming few days which is a sign of panic buying, but no worries because we can still survive and can be recover again to 1300$.

Indrawan77

hero member

Activity: 1274

Merit: 516

Etf rejected the idea, so we will see the price drop down in this few days, and now we already see the effect of the rejection, the price already go down, but no need to panic bitcoin will still survive, but this few day will be unstable

ggbitcoin000

newbie

Activity: 10

Merit: 0

IT IS ABOUT TIME WE KNOW, SUPPOSED TO BE TODAY RIGHT???!! ANY UPDATE PLEASE POST HERE!!!

anonbit992

sr. member

Activity: 378

Merit: 251

A Trader & An Investor

I will be happy if the ETF gets approved, bet everyone here will be happy! but it is hard to say whether the SEC will approve it as there are lots of chances for them to reject it and even if approved, they will try to regulate the shit out of it.

Anyways lets wait and see how things will unfold over these coming days. I expect some correction if its not approved or delayed for some reasons, so keep a close watch and try to book some profits if you have entered at 1000 USD levels.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: Decoded on March 04, 2017, 08:11:20 AM

Despite what people say about "Slim chances", I think the ETF will go through. You can't put a rate on a educated decision. It's also not just the Winklevoss ETF that is being pushed, there are a couple more.

Bitcoin and the blockchain is being researched and used by major fintech companies already, I doubt the SEC will be daft enough to not approve it.

The mandate of the SEC is to protect investors. Whether common investors are savvy enough to understand the risks posed by a Bitcoin ETF is the question the SEC should answer. That is why most analysts predict only a slim chance of approval.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: Decoded on March 04, 2017, 08:11:20 AM

Despite what people say about "Slim chances", I think the ETF will go through. You can't put a rate on a educated decision. It's also not just the Winklevoss ETF that is being pushed, there are a couple more.

Bitcoin and the blockchain is being researched and used by major fintech companies already, I doubt the SEC will be daft enough to not approve it.

Maybe you are right nut there's still the chance that it will get dissapproved but I agree with your statement that ETF will go through if they consider that blockchain itself is a great technology. In my opinion though some might try to control bitcoin's price especially finance corporations wanting more money if this gets approved.

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

Despite what people say about "Slim chances", I think the ETF will go through. You can't put a rate on a educated decision. It's also not just the Winklevoss ETF that is being pushed, there are a couple more.

Bitcoin and the blockchain is being researched and used by major fintech companies already, I doubt the SEC will be daft enough to not approve it.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

there are many prediction around us that telling it will be approved and for me i hope its approved and if this is happen, i think the price will be increase more than we can see now. but it still 5 days left and we should waiting while we can still doing trade in the market and make profit before something bad thing for example that will happen. i only hope the good news from this.

Chikito

legendary

Activity: 2366

Merit: 2054

very unusual, there are many altcoin will fall to 1 satoshi, Although the intake of money will be done gradually. and if anybody sees this as an advantage, will not be wrong if you sell now, and hope the price of BTC will fall, and get the price before the pump.

X-ray

hero member

Activity: 2996

Merit: 524

Leading Crypto Sports Betting & Casino Platform

With the news of approval the bitcoin etf by SEC, i will be expecting about multi million dollars will flow to the bitcoin. and i guess it will give some dollars for the price of bitcoin, We are know it's not about billions dollar. and can't make the price of the bitcoin will get push for instantly.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

The markets betting on approved, I feel like it will be approved although that does not mean it won't have a strong set of restrictions on it's usage.
What type of restrictions I'm uncertain as to what they will be but they are down to the wire on this for a reason.

Dmitry.Vastov

hero member

Activity: 840

Merit: 520

We all hope SEC approved ETF. Bitcoin price is really high right now. If ETF approved. Theres a possibilty that the price will be doubled. But i dont think it will be approve. The chances are really thin. Approved or not approved. The price is still really high tho. We are at $1287 and still kicking. Hope big dumps wont happen if ever ETF won't approved by SEC.

manselr

legendary

Activity: 868

Merit: 1006

Quote from: ggbitcoin000 on March 02, 2017, 06:33:37 PM

Quote from: ?? on ??

A lot of threads that are coming out and curious with the ETF approval. But a few more days to go and well see what will be the result. But there's just one thing that I want to happen, whatever would be the result of it. It's price should keep remain on the $1,200 mark. And many are saying that if it will be approved, the price will increase.

It will probably question is how much. I think it depends on underlying implications. ETF is kind of derivative if I understood correctly. I wish there is an future/option trading for btc. Well there is but that exchange topped the gain at 80%

Some people are scared about the ETF being a double edged sword because it may pose risk to start fractional banking, and then we would see the same problem we see with fiat..

But as far as I know, COIN shares will be correlated with blockchain transactions so there is no way for "new coins" to be created out of thin air.

ggbitcoin000

newbie

Activity: 10

Merit: 0

Quote from: ?? on ??

A lot of threads that are coming out and curious with the ETF approval. But a few more days to go and well see what will be the result. But there's just one thing that I want to happen, whatever would be the result of it. It's price should keep remain on the $1,200 mark. And many are saying that if it will be approved, the price will increase.

It will probably question is how much. I think it depends on underlying implications. ETF is kind of derivative if I understood correctly. I wish there is an future/option trading for btc. Well there is but that exchange topped the gain at 80%

Snorek

legendary

Activity: 1400

Merit: 1001

Quote from: Hydrogen on March 01, 2017, 05:44:17 PM

I think the SEC will grant the bitcoin ETF a green light.

If they don't do it, another country will.

Strategically it makes sense to be the first on board, it gives them influence to be associated with the first bitcoin ETF in history.

It could also make btc easier to tax in the long run, being that ETF investment will be taxable.

From what I know there is already ETF in Germany and it's 2 years old:

https://bitcoinblog.de/2015/07/08/germanys-first-bitcoin-etf-launches-today/

I don't see that ETF made any significant impact on bitcoin price, community or whatever. Conclusion: local ETFs have zero influence, only ETF backed by big money is worth something.

bettercrypto

sr. member

Activity: 1372

Merit: 269

★Bitvest.io★ Play Plinko or Invest!

Quote from: ggbitcoin000 on March 01, 2017, 03:27:25 PM

https://www.bloomberg.com/news/articles/2017-02-21/you-can-bet-on-whether-the-sec-approves-the-first-bitcoin-etf

Is it likely to be approved or not approved? If approved will it spike? By how much?

I got no idea but i hope that it will get approved. If Winkelvoss ETF is approved by SEC, we can see a spike in price for another $100+ ( a conservative estmation) and continously rising as the fund are being poured to the bitcoin economy slowly. Aside from that there will be another faction which is not involved in this ETF that will dive into Bitcoin economy because of this decision. Those who are hesitating will be swayed that Bitcoin is really legit.

Topic: bitcoin ETF announcement March 11 what do you expect? (Read 1787 times)