Bitcoin ETF: Better rejected or approved?

bitcoineverything

sr. member

Activity: 504

Merit: 250

InvestnTrade. Latest from the crypto space.

Quote from: bitcoineverything on March 13, 2017, 06:54:59 AM

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? Huh

There is another Bitcoin ETF decision coming this March 30 according to Coindesk. It is a proposal from SolidX. We do not have much of the details yet but would the effect be the same with the previous ETF decision.

Sithara007

legendary

Activity: 3220

Merit: 1344

Leading Crypto Sports Betting & Casino Platform

I just came to know about the rejection from the U.S. Securities and Exchange Commission, on the attempt to list the Bitcoin ETF. I was quite disappointed with the outcome. But still, I am glad that the exchange rates are holding strong. The excuses given by the Securities and Exchange Commission was pathetic. They rejected it just because Bitcoin was unregulated.

Winner

legendary

Activity: 1190

Merit: 1000

Look ARROUND!

If that Bitcoin ETF was approved then there would be a huge amount of money flowing into Bitcoin Exchanges only because of people wanting to make money and that is about it. There wouldn't be as much people trying to improve Bitcoin by building Altcoins and the sorts testing Blockchains and transactions. Instead of tiny pump groups, there would be really greedy people trying to milk Bitcoin/Altcoin Exchanges.

Bitcoins ETF is good for publicity, that is the only thing that it's good for right now.

calkob

hero member

Activity: 1092

Merit: 520

I think that is better that it was rejected, due to the control a centralised pot of bitcoin could have over the whole community. and the fact that it hardly made a dent in the price is a bonus. RESULT

carlerha

hero member

Activity: 588

Merit: 500

Quote from: Sled on March 14, 2017, 02:15:28 PM

It is better for bitcoin ETF to be approved because there is a high chance for the price to goes up very high like it is easy to reach $2,000 price per one bitcoin if ETF is approved because there is a lot of possible big capital investors in bitcoin and it will create a huge demand for the market and lessen the supply in the market so easily that can make the price to skyrocket very high.

in fact i have no idea about it that either ETF approval is in favour of bitcoin or not, but as i can see that most of the ops are consider it as good for bitcoin so i will also pray for a better decision to be taking about ETF.

hawkins

hero member

Activity: 1204

Merit: 500

Quote from: Reid on March 14, 2017, 02:21:37 PM

Better disapproved so that big wave won't happen again. Scared the living sh1t out of me. Grin

Well, actually we dont really know what could happen if it is approved. Will there be changes or it will stay still like what is happening now.
I bet that dump just happened just because of panic and this kind of decision might happen again.
So we better learn to just stay calm and let the bitcoin users do the flow. Grin

correct. there is no point to panic. I feel that when bitcoin is received, it will really affect the price of bitcoin. I know that very many people who want to take advantage of it. but, when rejected, everything is so canceled, and probably panicked.

Reid

hero member

Activity: 2912

Merit: 642

Better disapproved so that big wave won't happen again. Scared the living sh1t out of me. Grin

Well, actually we dont really know what could happen if it is approved. Will there be changes or it will stay still like what is happening now.
I bet that dump just happened just because of panic and this kind of decision might happen again.
So we better learn to just stay calm and let the bitcoin users do the flow. Grin

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: bitcoineverything on March 13, 2017, 06:54:59 AM

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? Huh

For me, I will say its for the better because I dont think bitcoin community is ready for such massive exposure and there is need to still keep the house in order before going that path. Also, it also serves as a test for bitcoin that it sends a message that whether they like it or not the confidence in bitcoin is increasing on a daily basis because if it had been positive and we witnessed a surge in price then we will inteprete it to be that its because of ETF and the real strength of bitcoin wouldnt have been known.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

It is better for bitcoin ETF to be approved because there is a high chance for the price to goes up very high like it is easy to reach $2,000 price per one bitcoin if ETF is approved because there is a lot of possible big capital investors in bitcoin and it will create a huge demand for the market and lessen the supply in the market so easily that can make the price to skyrocket very high.

soul-impact

hero member

Activity: 854

Merit: 500

I think it will be better if they approve bitcoin ETF. The prices will sharply increase and as you can see, ETF can be considered as one of the important impacts on Bitcoin this year. However, if they do not agree with it, it is still ok. Bitcoin right now have its own places and nothing can not knock down it anymore. We can wait in order to see the prices increase and the adoption too. We have waited for 8 years, why don't we wait for another 8?

severaldetails

hero member

Activity: 959

Merit: 500

I think that rececting ETF is better for bitcoin, at least at the moment.
An approved ETF would draw too many investors, what would increase the price too much.
When the price is too high, it's harder to get new people into bitcoin.
And I like a price increase based on ordinary people better than a price increase caused by professional investors.
Because once people are in, they usually don't leave that quick again. That's a steady growth!

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

Quote from: bitcoineverything on March 13, 2017, 06:54:59 AM

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? Huh

Generally speaking, the approval of ETF for BTC would provide new opportunities for the general public to pour their investments into BTC, and will provide a big bump in its price in the long run. This will also provide different opportunities for BTC to expand its reach to the general masses who is not yet aware of BTC. But, as we all know, it got rejected. We saw a big dump after the decision hits the news. Currently, BTC's price is increasing steadily and this just only proves that the BTC community is well-established and will not budge even if with bad news. Either way, being approved or rejected, BTC will still strive to fulfill its basic role: decentralized cryptocurrency.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: target on March 14, 2017, 08:59:51 AM

Quote from: talkbitcoin on March 14, 2017, 08:11:59 AM

all we can say at this point is that the approval of this ETF could have been better than the rejection of it.
but being rejected nothing is going to change for bitcoin, we never needed it in the first place. it could be a nice "option" for certain people out there to invest in bitcoin and show bitcoin in a positive light to the world as a side effect. but bitcoin should always remain decentralized and investing in it should also be done this way.

The decentralization is going to be just a lie when ETF is approved. Its always going to be monitored, your stash and the transactions you will be doing. The recent rise of altcoins is just one of the effect. Its the opposite of what you thought could happen. Bitcoin holders will soon drop what they have to move to USD because there is no difference to it anymore. Exchange sites monitored us loosely for now but once its approved, the registration itself might probably ask you utility bills, passport's scan and a selfie.

the thing is though if its to be used as a true p2p currency then bitcoin should also be indifferent to exchanges.

target

legendary

Activity: 2212

Merit: 1041

Quote from: talkbitcoin on March 14, 2017, 08:11:59 AM

all we can say at this point is that the approval of this ETF could have been better than the rejection of it.
but being rejected nothing is going to change for bitcoin, we never needed it in the first place. it could be a nice "option" for certain people out there to invest in bitcoin and show bitcoin in a positive light to the world as a side effect. but bitcoin should always remain decentralized and investing in it should also be done this way.

The decentralization is going to be just a lie when ETF is approved. Its always going to be monitored, your stash and the transactions you will be doing. The recent rise of altcoins is just one of the effect. Its the opposite of what you thought could happen. Bitcoin holders will soon drop what they have to move to USD because there is no difference to it anymore. Exchange sites monitored us loosely for now but once its approved, the registration itself might probably ask you utility bills, passport's scan and a selfie.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

all we can say at this point is that the approval of this ETF could have been better than the rejection of it.
but being rejected nothing is going to change for bitcoin, we never needed it in the first place. it could be a nice "option" for certain people out there to invest in bitcoin and show bitcoin in a positive light to the world as a side effect. but bitcoin should always remain decentralized and investing in it should also be done this way.

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: bitcoineverything on March 13, 2017, 06:54:59 AM

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? Huh

We have seen different reactions to ETF decline, from moderate and to totally ridiculous statement.
There is no one ideal commentary for this case. But I want do debunk one idiotic myth mainstream media reports:
that Bitcoin is losing 'legitimacy' due to the ETF - it is total bullshit, how can you measure worth of something so unique?

Andreas Antonopoulos:

"If you measure bitcoin's success by the approval of the incumbent and obsolete industry it replaces, you're doing it wrong"

Source: https://twitter.com/aantonop/status/840310679076777984?ref_src=twsrc%5Etfw

kelsey

legendary

Activity: 1876

Merit: 1000

bitcoin was designed to be indifferent to gov, regulations etc, for it to be approved by SEC for an ETF it has to lose its whole reason for existence.

thats lost on 'the bitcoins going up in fiat price yahhhhooooooo' crowd that plagues this crypto scene.

hollandvan

full member

Activity: 227

Merit: 100

Rejection is good, now is cheap, buy more, we still have time, if bitcoin is approved, btc will be 2000 usd.

target

legendary

Activity: 2212

Merit: 1041

Its better for Bitcoin to be rejected. We will all be regulated in the end if if were approved. Its not going to have a value of $10k per bitcoin, that's not going to happen. have you seen the effect already? There will be another attempt for it to be approved. If the date of it approaches, these investors will be moving their money again to altcoin like ETH and Dash. Its never a good thing for us, pretty soon they will all be sending their money to coins concentrating to anonymity features.

Xester

hero member

Activity: 994

Merit: 544

Quote from: Schuyler on March 14, 2017, 06:28:43 AM

The fact that it took four years for the SEC to still disapprove bitcoin would already put bitcoin in the radar among investors. They had to turn it down for some reasons but that might change a few years from now when bitcoin is already at a very high price. People from SEC will be singing to a different tune once they see that bitcoin is really a great investment for the long term.

Investment on bitcoin is somehow new to SEC and its high volatility is a freaky one compared to the prices in the stock market. The rise and fall of bitcoin is abnormal and it happens in wide ranges such as from 700$ going to 1000$ and it will go back to 700$ again. Stock commodities volatility doesnt go in that bracket in a short time the average is just from a centavos to one dollar in a week.

Topic: Bitcoin ETF: Better rejected or approved? (Read 1955 times)