I think we really need it because if Bitcoin ETF approved the demand of the cryptocurrency will increase alot and the total market cap of crypto possible to going up more than $1 trilliun in just afew month. When Bitcoin ETF approved by SEC , many new big investor will put their money in to crypto.
We can see a little reaction after the SEC decision about ETF, but I think that it will affect the bitcoin price temporarily and very soon the bitcoin price will regain their position very soon. we just need to remain calm and strong. 
Topic: Bitcoin ETF .. do we really need it? - page 4. (Read 674 times)
ETF is already in the minds of the people, they believe that ETF will change the fate of bitcoin this year and will dictate the price of bitcoin to break its ATH.
That is how the media affected our minds, they always emphasize that ETH is important for the market to grow and reach $1 trillion market.
That is how the media affected our minds, they always emphasize that ETH is important for the market to grow and reach $1 trillion market.
What ETF can do is to legalize Bitcoin businesses inside US borders, if we know that US dollar is the most used in international transactions and it`s world's primary reserve
currency, that is big step forward for Bitcoin to be legalized in that country. Do we really need it? Of course we need it and that will happen one day, this or next year, it`s a great
that they already talk about it, they have many propositions and there will be more.
What we need is more people to have trust in Bitcoin, when governments regulate Bitcoin inside their own borders more people will have trust. Many people wait that assurance
from their governments to get into crypto-currencies.
The successful ETF can bring the BTC at previous hike.I hope ,it will get sooner.
ETF is already in the minds of the people, they believe that ETF will change the fate of bitcoin this year and will dictate the price of bitcoin to break its ATH.
That is how the media affected our minds, they always emphasize that ETH is important for the market to grow and reach $1 trillion market.
That is how the media affected our minds, they always emphasize that ETH is important for the market to grow and reach $1 trillion market.
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.
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
My opinion is that we need the bitcoin ETF. Yes, it might not get the needed education to all, but it a way to get many more people feel the effect of bitcoin. Who knows, they might seek the education latter.
As it is right now, majority of the market participants feels we need ETF! I also think we need ETF for those big investors that want to see structure. These investors will not able to come into cryptocurrency market as it's presently is!
No we absolutely do not need it. You want people trading actually bitcoin not paper bitcoin. They will print 10 billion paper bitcoin and have those things floating about wallstreet crushing the prices if I understand correctly. I wish it won't happen but you know it will. They want the control. 45 days to fill your bags.
i am starting to think that nobody gives a shit about SEC and ETF at all. at least all of real traders don't, maybe newbies are different. BUT the difference is that everyone also is afraid of how others (the market basically) is going to react to the news so they speculate about that reaction and then act on it.
for example with the rejection of an ETF that happened recently the speculation was a drop so they started selling. then with the postponing of the decision about the other ETF there was another speculation of drop so they panic sold again.
for example with the rejection of an ETF that happened recently the speculation was a drop so they started selling. then with the postponing of the decision about the other ETF there was another speculation of drop so they panic sold again.
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/
https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/
We don't need the ETF per se, we need the signal it brings. We need it for big money to flow back in, we need it for future development and some think that we may even need it for stability (although this last part is incorrect).
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.
Quote
However, the ETF idea was rushed, hence the disaster. We need better regulation, we need to rule out the exchanges where you can "do tricks" (maybe decentralized exchanges would be the answer? I don't know.) When the market becomes more stable, when the market doesn't react this bad to a news that many of us were expecting, then the ETF will be approved. We need to clean the garbage first, then we can hope we'll shine.
Shortly, we "need" the money the ETF brings, but we need to clean the mess first, by ourselves.
Shortly, we "need" the money the ETF brings, but we need to clean the mess first, by ourselves.
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.
Yes. We need it badly and we need it right now. There are tens of millions of users out there, who don't want to invest in Bitcoin through unregulated exchanges. Bitcoin ETF gives them an opportunity to invest in Bitcoin through regulated exchanges and funds.
News of Bitcoin ETF just make impact with the price of crypto, so we really need it for better ecosystem in crypto community. If Bitcoin ETF approved that mean Bitcoin will become one of the asset class , and the market cap will go higher and following others asset class like gold or popular stocks.
If indeed the ETF will give a big influence or positive news then the answer is yes, the market needs a moment like this where good news will be digested by most people and start entering the market to be more trustworthy and profitable, here only needs good news and ETF statements Still a question mark for next month, not knowing whether the statement is rather negative, maybe people might be afraid of a market that has the potential to fall back.
Because all public fans and Bitcoin are waiting for the SEC's decision on ETFs, at the same time it is a determination of trust for new people in the crypto world because their thoughts are still rocking.
Because all public fans and Bitcoin are waiting for the SEC's decision on ETFs, at the same time it is a determination of trust for new people in the crypto world because their thoughts are still rocking.
It may create a wind to take prices to high 10000 dollars level, but I do not think it will be good for crypto currency environment to be accepted this year.
We really need it for the bitcoin to rise again. If we wanna see it rise. Gold etf made the gold flew easily. And who knows if etf will be also published in bitcoin? This would be the wildest groth we'll ever seen.
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/
https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/
to me the uncertainty is the bigger issue. While things/issues swing in the balance the price will follow. TBH, I wish the SEC would get their shit together.
I'm not familiar with all this specifics of that case but I'm seeing all that people which are so excited about EFT, so I think it will greatly improve their bitcoin price and if this will not happen I think everybody will lose their trust in Bitcoin.
The problem here is that increases and profit taking based on a specific event is a temporary practice. Let's say the SEC approves an ETF. The price breaks $20,000 and all ETF speculators start selling their coins to take profits. You know what that means? Done is the ETF effect for them.
From that point they will focus on the next big thing to once again repeat the same speculative hype nonsense. People here don't care about the long term effects of these financial instruments.
If people lose trust in Bitcoin because of an ETF they don't belong here. I hope they'll leave and never come back because we don't need these parasites. We need more people interested in the technology itself.
I think that it is obvious that we need btc and ether. to my mind, both of them are great coins we can invest in. BTC is the revolution in our world and it will change it to the better forever
I later got to know that more bitcoin trades are off counter i.e not through the online exchange; which has really affected the price and encourage manipulation. More can be done if the presented proposal this time around break through. They companies involves have the capacity to move the market and bring confidence in the market online and offline for retreated traders and new investors. The confidence of every traders is what is demanded from this proposal success.
I'm not familiar with all this specifics of that case but I'm seeing all that people which are so excited about EFT, so I think it will greatly improve their bitcoin price and if this will not happen I think everybody will lose their trust in Bitcoin.
Jump to: