Topic: Bitcoin ETF .. do we really need it? - page 3. (Read 674 times)
I think we need ETF to bring in more money and boost investors confidence over Bitcoin. Big investors need protection in the space so I think it is essential. I’m very optimistic that once they are approved it can be a catalyst fir this years bull run.
In my own opinion, we do not really need bitcoin ETF but the issue is that, many traders think that when ETF is approved, this would bring a new wave of investors to invest into bitcoin and this would likely give more confidence for investors in the market to invest more
do we even need the Bitcoin ETF.
We are in need of more demand and it seems to me that ETFs can bring more exposure to bitcoin and consequently create greater demand, just to see the reaction of the market when the SEC postponed its decision to realize that people are giving much importance to the ETF, that there is Bakkt, but this is something for November and the EFT are closer to being approved or disapproved. I think we need ETFs.
What Bitcoin had achieved right now was on its own and without ETF. Certainly it can go on forever along with the altcoins without ETF. The government however is making their move to make some changes because of the illegal activities in relation to BTC now that it's known and they learned its unstoppable. No ETF approval or With ETF approval crypto is just going to be doing fine. But for the security in investing into crypto, there has to be regulations which includes the ETF approval.
This is the real answer I am looking for from reading top to bottom.
We as supporters of bitcoin have seen a lot of ups and down and including cents and zero. That is without ETF.
One question though. Have you ever seen one posts here of satoshi talking about an ETF? How about the whitepaper?
NONE!!!!
This ETF thing may be the cue into taking bitcoin back to 3 digit price or maybe a 2 digit and so on and on until it is dust again.
Somehow they will see that if bitcoin can do it then why not the other coins? There will be more to pick from investors until we are all divided.
Argh!! Just hard to explain but I have some own predictions with this. It could be the nightmare that we have been waiting for if it is passed. Why not just let it be decentralized just like how satoshi created it.
After this is passed then be ready for KYC's.
What is happening with the Bitcoin exchange-traded funds (ETFs)? Why might they be a bad idea for decentralisation, consensus, and even the price? A billion-dollar "not your keys, not your bitcoin" opportunity for non-technical institutional investors. (Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.)
https://youtu.be/KSv0J4bfBCc
https://youtu.be/KSv0J4bfBCc
Exchange-traded fund is just like a trading business in cryptocurrency, I think yea because we can obtained a gain or loss in this process where in all earnings we get can be considered as profit.
I wish more people asked this question the day that ETF hype began last year for the first time. by then we all were blinded by the hype and the rise because were thinking about profit, this year the same thing happened and we were blinded once more.
people were also happy about futures but they ended up hating that soon enough as the prices started going down and they saw behind the curtain. ETF is not exactly the same but it will get the same kind of people involved and they don't care about bitcoin, they want fiat.
people were also happy about futures but they ended up hating that soon enough as the prices started going down and they saw behind the curtain. ETF is not exactly the same but it will get the same kind of people involved and they don't care about bitcoin, they want fiat.
The only "Bitcoiners" who want an ETF is the part of the community that's usually new or the people who only care about price and profits. We cannot blame them because, in my opinion, they do not have a deeper understanding of what Bitcoin is yet.
Quote
if people were thinking more about how pointless an ETF is for a decentralized and global currency then we might not have had the past 2 month's volatility.
Maybe. We would never know.
If we're talking about the effect of Bitcoin ETF on Bitcoin prices, I think we 'need' Bitcoin ETF to create a positive sentiment, just like the previous CBOE Futures. Bitcoin ETF news is so central right now to create market sentiment, even dozens of positive news like blockchain adoption and others don't push Bitcoin price. It's pretty weird, it seems like whatever happens in the US decide the future of Bitcoin prices.
Therefore, this is what market needs today. As of now, there are many negative news explode in the cryptocurrency. And those negative news havd impact to the price of bitcoin and ethereum. As of now, bitcoin have only 6K and ethereum fluctuates around 280 usd. There are many reasons behind the dump but ETF affect them much. to answer the topic, I will say that we don't need ETF
this ETF will only create another price bubble like last year, an abnormal price spike
and guess who will reap the profits? right... whoever behind this ETF idea
they've accumulated cheap bitcoin and this ETF is just their exit plan for profit
This is the right time to think deeper each time we've heard some news about btc or crypto, we should learned from the past and analyze well each decision that we will going to, ETF seems to be the reason from the last years pumped many traders and investors buy in because of this possibilities,this ETF will only create another price bubble like last year, an abnormal price spike
and guess who will reap the profits? right... whoever behind this ETF idea
they've accumulated cheap bitcoin and this ETF is just their exit plan for profit
but it looks like most of them who didn't bothered to understand first the potential are blindly been trapped by the quick hype, now they are selling
in with loses, ETF can be a good spark in terms of bigger venue attracting more new target investors and traders, it can help only if being supported.
ETF will do more harm than good I think that the world of cryptocurrencies can do without it.
to answer the topic, I will say that we don't need ETF
this ETF will only create another price bubble like last year, an abnormal price spike
and guess who will reap the profits? right... whoever behind this ETF idea
they've accumulated cheap bitcoin and this ETF is just their exit plan for profit
this ETF will only create another price bubble like last year, an abnormal price spike
and guess who will reap the profits? right... whoever behind this ETF idea
they've accumulated cheap bitcoin and this ETF is just their exit plan for profit
I wish more people asked this question the day that ETF hype began last year for the first time. by then we all were blinded by the hype and the rise because were thinking about profit, this year the same thing happened and we were blinded once more.
people were also happy about futures but they ended up hating that soon enough as the prices started going down and they saw behind the curtain. ETF is not exactly the same but it will get the same kind of people involved and they don't care about bitcoin, they want fiat.
if people were thinking more about how pointless an ETF is for a decentralized and global currency then we might not have had the past 2 month's volatility.
people were also happy about futures but they ended up hating that soon enough as the prices started going down and they saw behind the curtain. ETF is not exactly the same but it will get the same kind of people involved and they don't care about bitcoin, they want fiat.
if people were thinking more about how pointless an ETF is for a decentralized and global currency then we might not have had the past 2 month's volatility.
Bitcoin ETF is a very good option, as it is going to bring some big non technical and non-crypto investors into this.
The future development of what? The market? I believe we are fine, and it would be better if Wall Street stayed away from Bitcoin forever.
Bitcoin ecosystem consists in businesses. We have a couple of exchanges, casinos, hardware producers and not much else.
For increased adoption we need more and more businesses incorporate Bitcoin. And for that the price has to grow substantially and not fall too much. And for that we need inflow of money.
Many projects, startups, even so-blamed ICOs are tied ultimately to Bitcoin's price. Some could die off not because the project is bad, instead, because they didn't sell Bitcoin, Ethereum, whatever to fiat in December (maybe they even had the ICO after that).
Also tangentially related: After the halving, which I know it's quite far yet, the miners will still have to stay on profit. And again, this depends on Bitcoin price.
But how would an "ETF" change all that? Bitcoin is an open system, a type of "hard money", and it is ready and welcome for anyone to use.
Bitcoin doesn't need an ETF. It is Wall Street scammers that want an ETF.
The "ETF" will not bring anything "of quality purpose" for the network. It would be better to set up more retail exchanges to make it easier for every person to buy and hold Bitcoin in my opinion. Adoption.
The average Joe may be afraid to hodl if the price falls month after month.
At some point the Dogecoin community wanted to try your idea to prevent the coin fall too much and they failed. You know why? Math. How many "Joe" have to hodl and even buy more to counter somebody that can easily sell now and then 1000s of Bitcoin? Keep in mind that the average Joe has maybe 0.1 BTC, not 100s ...
Also, if literally everybody would just buy and hodl, then we would have a failed coin, with no liquidity, not adoption... Just my 0.00000002BTC
Then it is not my fault that they have failed in having a deep understanding of Bitcoin. But how would it differ from holding an ETF if the price is falling?
The SEC decided to postpone a decision on the Bitcoin ETF for 45 days. The crypto community did not take this news well, with the market dipping almost 10% as a response. In this video I ask a very important question.. do we even need the Bitcoin ETF.
https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/
Why do we need the result of ETF? Simply, because market reactions are based upon the news and the decision of SEC will determine the future price of bitcoin. But whatever it will go, price will move up when September comes on. It is a preparation for the upcoming 2018 Christmas and New year celebration, just like 2017 scenario. https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/
I find bitcoin ETF is useful because ETF may attract new investors. As far as I know gold ETF is quite popular among retail investors who wants to buy gold but do not want to buy real metal or futures. Aslo ETF may be useful for institutional investors because they like investing by buying various ETFs. I think we do need to feel fear on ETF because it is an useful instrument which may be used some part of investors. Also it would be nice if SEC was control this ETF.
I don't actually understand it fully and I can not make it conclusion do we actually need it but anyway I am understanding that it is greatly affecting the price of Bitcoin so it means that it is something significant,
Bitcoin achieved ATH without the help and hype of ETF, it merely affects the price of bitcoin as the holders of ETF are not be going to invest directly in bitcoin but on the other hand, it has some good benefits to its traders so if that helps crypto then we needed it if the opposite happens then we should discard it, more adoption, enhance the trust of the possible investors and improvements that can greatly affects the price positively.
If we could achieve the acceptance of ETF by SEC within a short period of time it will really help the bitcoin market by bring new inflow of cash which will increase the demand of bitcoin and this chain reaction will impact on the market price and volume. ETF will be a great relief if it will be successful.
We do not need it but not everything comes from a need, it will have positive effect on the price so it is good for most of us.
Jump to: