Bitcoin ETF: Better rejected or approved? - page 2.

BTCLovingDude

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Quote from: Schuyler on March 14, 2017, 05:28:43 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.

i hope you know that they didn't reject "bitcoin" they rejected "winklewoss ETF" and these two are different!
they didn't accept the proposal that those guys had to add their ETF and it has nothing to do with bitcoin itself and whether SEC approves of bitcoin or not. and this means even if bitcoin price goes up high, they sill are going to reject that ETF!

Schuyler

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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.

shinratensei_

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Quote from: bitcoineverything on March 13, 2017, 05:54:59 AM

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

As a bitcoin supporter and I will glad to see the bitcoin ETF was approved, but it looks like us securities were having the different thought with us. But we still have a chance to see solidx and grayscale.
https://www.washingtonpost.com/news/get-there/wp/2017/03/10/sec-rejects-bitcoin-etf-application-from-winklevoss-twins/

1Referee

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Quote from: bitcoineverything on March 14, 2017, 03:13:54 AM

However, what do you think about the possibility of Bitcoin being regulated by the government. Some people think this is a little bit scary. Shocked

I personally don't see it as a problem since we can't expect the governments to sit back and look at how Bitcoin is growing larger without putting serious regulations in place. Bitcoin offers people freedom in decentralized form, and exactly that is something that gets all governments worried. In most cases the regulations put in place have no real effect on people using Bitcoin. The effects of these regulations might be felt when you try to sign up at an exchange, where they want more personal information from you than ever before. In some cases funds can be put on hold until you (re)verify yourself. That's why P2P services as LocalBitcoins have seen their volumes increase significantly.

Herbert2020

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i think ETF approval could be a good thing for bitcoin. but it never could have been a life changing thing! the effect being good could have been small.
and i say it could have a positive effect because i believe it could potentially change the view of people about bitcoin easier. most people see past the bullshit and FUD but a lot of them are also falling for it. and bitcoin officially entering markets could have been good.

vnvizow

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IMO it doesn't really matter now that ETF has already been rejected, new solutions will arise and we'll have to come to a decision on those too

bitcoineverything

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Quote from: 1Referee on March 13, 2017, 06:14:31 AM

The ETF is useful in the way that it would allow institutions to take a serious position into Bitcoin (even though they would not directly own Bitcoin). It would help the price to move faster to higher price levels, and thus be beneficial for basically every holder. But if you look at how things are without this ETF, then it won't have a single impact on how Bitcoin will keep moving further. It's not that this ETF is the only thing for people to hold on to. As long as there is demand, the price will continue to increase. Demand is all that matters. It makes everything else obsolete. Only important thing is that we need to up the block size as it's clearly visible that the demand has greatly outgrown the current poor 1MB cap.

However, what do you think about the possibility of Bitcoin being regulated by the government. Some people think this is a little bit scary. Shocked

markyminer

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Quote from: justdimin on March 13, 2017, 02:31:27 PM

Quote from: Ayers on March 13, 2017, 11:19:45 AM

if EFT was approved we wuld sitting on 10k value right noe, how can you think this is not a good thing? EFT would bring very rich investment in the bitcoin ecosystem can't be a bad thing, but despite thi bitcoin is holding strong i like it, this mean that bitcoin can grow without anything supporting it

But interestingly the rejection of ETF worked in favor of bitcoin to showcase how strong the faith of bitcoin investors and how hardly they prefer to hold bitcoins for their future. The stable current prices are showing the on-going sentiment of bitcoin adopters which will definitely attract new people to start believe into bitcoin ecosystem.

yes we do not need for artificial increase in the price of bitcoin, because there are more chances that if the bitcoin price will dramatically increase then its price can fell down also with the same rate.

DomainMagnate

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Quote from: bitcoineverything on March 13, 2017, 05:54:59 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

ETF rejection is obviously bad but that is not the end of world.Although if btc had ETF approval,it is a different story and even a single bitcoin holder would be a millionaire.

franckuestein

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Truth will out!

For some people in this thread, the unique argument for acceptance is "yes because bitcoin value in USD or oder trading pairs will be worth more".
Bitcoin has been more than 8 years without the Winklevii ETF. Has there been a problem during these years?

BTC/[insert_any_pair_here] rate It's not the only thing that matters.

1Referee

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Quote from: 20kevin20 on March 13, 2017, 09:15:30 AM

I don't think Bitcoin was meant to be used in institutions but in situations where your anonymity is the one that matters the most. The ETF rejection was better in my opinion because otherwise steps would be taken until well have the least anonymity possible. I prefer not having to deal years later with the government that wants to know where is all my Bitcoin money and to impose taxes on it.

You don't understand how things work, and also don't understand what an ETF is. If you buy yourself a certain postion into this Bitcoin related ETF, you don't actually own any Bitcoins, and thus it has nothing to do with the anonymity that you are referring to. Also, if person A invests in this ETF, it will have zero influence on person B that has not invested in this ETF. With or without ETF, you can just continue with whatever you were doing and still hide your coin stash from your local government.

justdimin

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Quote from: Ayers on March 13, 2017, 11:19:45 AM

if EFT was approved we wuld sitting on 10k value right noe, how can you think this is not a good thing? EFT would bring very rich investment in the bitcoin ecosystem can't be a bad thing, but despite thi bitcoin is holding strong i like it, this mean that bitcoin can grow without anything supporting it

But interestingly the rejection of ETF worked in favor of bitcoin to showcase how strong the faith of bitcoin investors and how hardly they prefer to hold bitcoins for their future. The stable current prices are showing the on-going sentiment of bitcoin adopters which will definitely attract new people to start believe into bitcoin ecosystem.

TIDOVEE

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Bitcoin ETF would be better approved atleast for now, the rejection wouldnt really affect Bitcoin value but for the underlying market structure per-se, at this moment the price will have to fall since the market structure has not been well shielded against the effect.If it be rejected it wouldn't have a long term impact

virasog

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Quote from: bitcoineverything on March 13, 2017, 05:54:59 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

Those people were trying to make Bitcoin Equal to the dollar, which some people agreed and disagreed. For myself i dont agree on this. Bitcoin should be kept as a separate entity and it is for sure not be good.
However we have seen a high price increase to 1300$ at the time this news came, It was strange for me also.

Ayers

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if EFT was approved we wuld sitting on 10k value right noe, how can you think this is not a good thing? EFT would bring very rich investment in the bitcoin ecosystem can't be a bad thing, but despite thi bitcoin is holding strong i like it, this mean that bitcoin can grow without anything supporting it

CraigWrightBTC

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Of course bitcoin ETF is better approved because there are valid rules for the people, investors, traders
who will make investments into bitcoin, they are not fears investments into bitcoin
also bitcoin's price will going up although right now bitcoin is still survive without approval,
but more good if bitcoin ETF be approved.

TravelMug

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Quote from: KuromaYoichi on March 13, 2017, 09:45:57 AM

It is better if ETF was approved as bitcoin will have another jump in price because of the new funds coming in ,and bitcoin will gain more popularity. But as you can see etf was rejected there's still a lot of demand for bitcoin, the price is stable and keep growing and i think this is good enough for now.

And it was approved, we will definitely see a jump in prices because a lot of cash will flow on the bitcoin economy. The only effect I see in the rejection had "dashed" the "hopes that bitcoin would move towards mainstream finance. Meaning it will be difficult to be mass adopted, however, I still see a good future in bitcoin and this ETF rejection will only delay the inevitable, which is bitcoin will be accepted globally.

Soul Reaper

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Even though ETF got rejected ,
but still the prices of bitcoin despite of ETF rejection managed to cross 1200 USD .
Also we can see that the rate if price rise of bitcoins ,
Has always been more than its price fall.
And also it has reached a fucking 1200$,
It is not at all less from the time when it was not even 1 $ for 1BTC.
So we can never say that bitcoin has even been rejected among the people anytime.

Kprawn

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In my opinion it was better that it was rejected. Yes, the sudden price spike would have made some people a bunch of money, but they would

have came in and bought a bunch of bitcoins {shares in bitcoins} and this would have been only temporary. Then they sell, take the profits and

run. It is a free market, but do we need brokers hyping up the price and selling huge chunks and making the currency even more volatile than it

is now. Roll Eyes

KuromaYoichi

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It is better if ETF was approved as bitcoin will have another jump in price because of the new funds coming in ,and bitcoin will gain more popularity. But as you can see etf was rejected there's still a lot of demand for bitcoin, the price is stable and keep growing and i think this is good enough for now.

Topic: Bitcoin ETF: Better rejected or approved? - page 2. (Read 2004 times)