The thoughts of bitcoin holders are divided regarding bitcoin etf. Some bitcoin holders really believe that the approval of bitcoin etf will trigger the much awaited bull run thinking that etf is a great sign of recognition by the government. And this recognition might bring security for the bitcoin trading.
Topic: Bitcoin ETF Available Eventually - page 2. (Read 516 times)
Bitcoin ETF is a confirmation for approval from this world. People think that though via ETF market will grow again, but I don't think so. Once approved, everything will be managed based on some provisions from the ETF which will limit Bitcoin's growth.
the market is small but it is not that small! it is still big enough for any ETF or anything like that to not matter. we are no longer in early 2010-2011 where there weren't that many exchanges and volumes were too small. right now an ETF with all its size will only be a small percentage of the total market volume. not to mention that they don't directly link to the actual market, instead they take the price from it. so they can't change anything.
After a long time, ETF will be soon to be approve! but i hope this will continue and there will be no problem again like before.
This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.
The ETF will does help the market but it wont the only major reason for the market to reach $10,000 because the market has cliched the price range of $20,000 without the help of the ETF. However, the ETF approval will take longer than your presumption because some governments/bankers still dont like the idea of bitcoin.This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.
It was a different scenario then, the price reached $20k because of the CBoE and CME Bitcoin future contracts.
Hahaha...let's not get so happy with this information guys. it did not say that the Bitcoin ETF would be approved but rather there is a possibility. And just as there is the possibility of its approval there is also a chance of it being declined again. But i am very optimistic that when this is finally approved there is going to some rise in the crypto market.
Yes, that's why I don't know why the big fuss about this news. It's a open statement, and people already assumed that it will be approved. I guess I'm too tired of this s**t that I don't even care, of course it has a net positive effect, but we can't measure it at this time.
Hahaha...let's not get so happy with this information guys. it did not say that the Bitcoin ETF would be approved but rather there is a possibility. And just as there is the possibility of its approval there is also a chance of it being declined again. But i am very optimistic that when this is finally approved there is going to some rise in the crypto market.
It's inevitable. People will be getting more compliant exchanges and custody solutions with full kyc that will report their every move to the authorities and at that point there won't be much the SEC or anybody else will be able to do. They will have to approve it. I don't think the ETF will change much. It will get more people into Bitcoin but it won't be such a huge number to suddenly make Bitcoin double in price.
Bitcoin ETF is a confirmation for approval from this world. People think that though via ETF market will grow again, but I don't think so. Once approved, everything will be managed based on some provisions from the ETF which will limit Bitcoin's growth.
I think that the adoption of bitcoin ETF will not have any impact on the crypto. At least it won't exactly cause bull run. This event has already been postponed too often and has therefore lost its importance. In my opinion.
I think the major stumbling block for SEC approval of bitcoin is how to get rid of manipulators in the market, this has to done to protect investors funds, SEC had to screen and scrutinise any issues that might likely jeopardized the interest of their investors, SEC approval of bitcoin might take more time as they not in a hurry to accomplished it every thing must be put in order.
Bitcoin's ETF approval will indeed be a milestone and the acceptability of bitcoin will be greatly increased. Unlike many people, I do not believe that this takes a very long time to happen and I think that this approval will be given in the medium term.
Bitcoin ETF could be a catalyst for a bull run,.but it would not bring about long term price stability and consolidation should it eventually be approved.
Many investors are unaware of the contents of the various ETF proposals or the reason for the rejections, and it would only be attracting investors who are already in the crypto space, not new investors.
Many investors are unaware of the contents of the various ETF proposals or the reason for the rejections, and it would only be attracting investors who are already in the crypto space, not new investors.
You nailed it.
I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.
I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.
The difference with this statement is that it's a real live commissioner
And how does it change things to the better? Other people who are saying about Bitcoin are not real or what? My point is that just the fact that it is a real live commissioner doesn't necessarily make him a good person at all (or the whole SEC board, for that matter). Besides, the SEC is not the only pebble on the beach out there. We also have the CFTC which somehow looks like a bit more loyal toward cryptocurrencies
Are they lowering their standards?
You nailed it.
I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.
I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.
The difference with this statement is that it's a real live commissioner.
However 'eventually' could mean a century. I find it very pathetic when Bitcoin fans imagine there's some sort of SEC conspiracy against them. The simple fact is that the markets are shit and crooked filled with crooked shits.
There's zero reason for the SEC to lower their standards. The crypto market needs to become less disgusting and the door looks like it's open when that happens. It's down to us, not Them.
"Experts" are divided on the matter, and the opinion of down to earth guys is important.
you have to be careful who you call "experts"! most of those whom you see online spreading bullshit pretending to be "experts" are either idiots trying to make buck or actual experts that are spreading misinformation to make millions.
I am more worried about these so called experts to harm Bitcoin then anything else. Every now and then you will see new experts are introducing them in social media (youTube, Facebook) and trying to make money with their BS. Funny thing is that people do fall for them.
Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important
I'm more inclined to think that it is an instance of stovepiping
Maybe, this SEC commissioner himself has bitcoins and he decided it might be the right time to pump Bitcoin a little (it may also be any altcoin). Maybe, someone close to him asked this dude to say a positive thing about Bitcoin. As far as I understand it though, it is not considered a good practice when officials make premature statements about things which could strongly affect prices. We may have to wait for a rebuttal coming out soon (like people and mass media having misinterpreted his words and he didn't actually mean anything to that tune)
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After a long time, ETF will be soon to be approve! but i hope this will continue and there will be no problem again like before.
This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.
The ETF will does help the market but it wont the only major reason for the market to reach $10,000 because the market has cliched the price range of $20,000 without the help of the ETF. However, the ETF approval will take longer than your presumption because some governments/bankers still dont like the idea of bitcoin. This will boost the demand from the market and finally bitcoin can touch the 10,000 USD in just a short time.
Expert would always try to drop there opinion on issues like this knowing it would stir up interest.
But even expert can get it wrong or be a catalyst of FUD.
The bitcoin ETF is something that is well over due and this would be like the breakthrough we have all we waiting for
But even expert can get it wrong or be a catalyst of FUD.
The bitcoin ETF is something that is well over due and this would be like the breakthrough we have all we waiting for
I don't pray for the approval anytime soon, why? Because if it gets approved now it will only bring short term price surge not bullrun ,there should be a perfect time for such valuable news ,I know SEC worries more about the safety of investors but I believe that till the end of time cryptocurrency will always be a high risk investment and not a get rich quick scheme ,If every investors have this at the back of there minds they will learn to trend slowly,easily and cautiously unless there is a way to eradicate scam projects for good
What are the implications of this? what does that mean for crypto?
It has positive and negative implications for Bitcoin. On the positive side it will push up the Bitcoin price, because massive amounts of institutional investment funds might be flowing into Bitcoin. On the negative side, it will attract a lot of trigger happy speculators that would dump large amounts of coins at the slightest hint of trouble.
Wild volatility is not conducive for a good stable payment system.
The buttom line to the approval of Bitcoin ETF is this paragraph in the cited article.
SEC is After The Safety Of Investors
In buttressing his view on the rejection of Bitcoin ETF, Jackson stated that he would not want his parents for example to buy the type of Bitcoin ETF rejected. Also, he stated that he takes seriously putting the American stamp of approval on any investment product. Until the laid down, rules are met the approval will not be seen.
You will agree with me that there is reason for great concern in investing in the crypto space at this time.
SEC is After The Safety Of Investors
In buttressing his view on the rejection of Bitcoin ETF, Jackson stated that he would not want his parents for example to buy the type of Bitcoin ETF rejected. Also, he stated that he takes seriously putting the American stamp of approval on any investment product. Until the laid down, rules are met the approval will not be seen.
You will agree with me that there is reason for great concern in investing in the crypto space at this time.
It is essential that the sec treads the waters with caution. Hence, the difficulty in getting bitcoin ETF approved can be explained by the cautionary measures taken by the securities regulator.
Crypto industry experts are of the view that a bitcoin ETF launch will lead to a bitcoin bull run. As bitcoin's price is mostly based on speculation, any approval from the sec is destiny to trigger a surge in it's prices.
Crypto industry experts are of the view that a bitcoin ETF launch will lead to a bitcoin bull run. As bitcoin's price is mostly based on speculation, any approval from the sec is destiny to trigger a surge in it's prices.
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