Topic: Bitcoin ETF more likely to be approved but why price is going down? (Read 455 times)

I think its the common motto in cryptocurrency. Buy the rumor, sell the news. When ETF first heard, we see a huge spike and it happen months ago when it go to $8k if I'm not mistaken.

To be honest, I don't care even Bitcoin ETF will be accepted or not. For me, I will use Bitcoin until it will be used globally. This is an another step for mass adoption however.

By all means you can forget about that. Lawyers and Law firms have better things to do than to legalize something that has been called bad for a long period. Though fiat has been used to funding all sorts of criminal activity people will blame crypto to be the source of funding. Thats by nature what no-coiners want to say and thus the general public opinion and why it wont get any legal traction, at least not for now.

Your point makes no sense. Without ETF was there a market that was not worth investing in? Did the 201 pump happen for nothing? ETF may happen but they are not going to be reason of market rise. Drops in price will happen if they get delayed though.

People get into a mindset for flat crypto market so the prices were still the same region but if we watch out them very deeply we can see some minute growth in the crypto prices for two weeks now so the prices may bump in the upcoming days but ETF won't have much impact on the prices because it will just create the temporary waves.

A whole lot of you are stressing yourselves emotionally trying to assume what the market would be like on an approval of ETF. Firstly, I do not even seeing ETF being approved this year, and I so much think this would just be stalled, postponed and all for as long as they want to but I do not see that affecting the market in anyway. Sure, a lot of people may think this would bring in new money into the space and obviously makes it look like the SEC backs it up somehow, but best case scenario I see is that the price gets driven up fast, people start getting greedy and before you know it, we end up seeing the same process we have always seen before.

It is a market, and you cannot just expect that because of some news, you will just start seeing reactions immediately, but since a whole lot of people are seriously putting too much attention on an ETF that I really do not see getting approved this year or I really do not see having any serious effect on the market, as long as people want to give themselves hope because of it, it is their call, nothing bad with it. One thing I have always known is that this is a market that is here to stay and will thrive either with ETF or no ETF in the long run, but sure, if ETF peradventure speeds up mainstream adoption, well; it is still all good anyway.

I just read an article on Forbes before coming across this topic, and the author was just talking about why the launch of BTC ETF will be disappointing from a price standpoint. He said that right now whales are holding their position cause they are expecting the price to fall due to there is likely to be a selling pressure once this rumor becomes the news. So that might be the reason why things are this way.

ETF will take long effect to market. Its good for market but it will not instantly effecting on the price. With ETF approved by regulator, investor will more confident and it make them make a plan to enter crypto market. I am believe the price will increase in near future

ETF is not the only reason in this regard.Maybe people are willing to wait for the future,see how things go by.Legalization should be the key factor here,people are waiting to see the acceptance of bitcoin.

The bitcoin ETF is almost comatose aich direction prices will s far as approval is concerned this year, may be we be next year, until then, we are not sure which direction bitcoin price may go.
https://www.sec.gov/rules/sro/cboebzx/2018/34-84367.pdf

You are right man an I was suppose to say the same thing on why do people make this news or stuff to be a main driver or indication to dictate on what would be the price movement. Not all news will trigger out price increase even though its sole related but generally speaking ETF has  nothing to do with price increase but it do somehow a good fundamental if you do make trade up but overall I don't see this would be relevant to dictate on what should be the price movement would be.

Bitcoin ETF are more likely to be approved but still price is going down. This approving of bitcoin ETF has nothing to do with the price of bitcoin, even though it may put a minor effect. Bitcoin is a volatile market and the price is eventually go up.

ETF is not the sole basis for bitcoin price. The investors may have their own reasons why they sell their asset although positive news will come to market.

Firstly, a large amount of money is withdrawn from the market at the moment. Secondly, the market is already so “fed up” with this news that the market no longer reacts to it. Accordingly, now the mood of the main holders and traders are changing from other more relevant news.

The ETF of bitcoin is likeley to be approved but Bitcoin prices are still at its lows. This is due to the panic regarding Bitcoins devaluation, as more and more people are trading off their Bitcoin will soar back up when it is fully approved.

That was the last declared date. Lets see if it gets delayed again. Once again blame the centralized money hungry people for this. They wont even understand the effect of this on the market.

But think about it - when ETFs do get approval, stock and commodity market traders will enter in the crypto market. This will raise the volume and market capitalization but it wont change the panic selling and whales scene. Those people will still be there because the ones who will enter will be the same humans.

Again price drops during this time are not due to ETFs, people are cashing out money because they dont have patience to hold for the year end or just plain panic selling after high doses of FUD

People don't need to over stress the bitcoin ETF approval. If we continue to lay too much emphasis on this subject, we may be very hurt if at the end, the SEC failed to approve the proposal.

I am believe bitcoin price rising will happen soon. I am believe with more good news in market right now, many investor will come to crypto market and make the price increasing.

The decision on the BTC ETF will be made, most likely no earlier than February 2019. Do not hope for a quick adoption of this decision.

maybe it takes time to see reaction happen, and it's true there are still 3 months to see reaction. i am sure that with good news, it will have a good impact on cryptocurrency

It just maybe, anything still can happen, most of the time people said that etf is going to be accepted and then it failed, so the investors still hesitate, and most of the people not too agree with the etf idea, some think that etf is a bad idea and the long term effect is bad, so etf is not totally a good news for some people, but when the etf being approved we will see some rising, so be patience to wait for the update news

I think we will soon start to see higher prices of Bitcoin once the news of possible ETF approval circulates properly. Besides, we still have about three months to the approval date.