Bitcoin ETF officially approved! - page 2.

legiteum

member

Activity: 182

Merit: 47

Quote from: 3kpk3 on January 11, 2024, 12:39:04 PM

It's weird that the price hasn't pumped at all ever since this huge announcement, but I am just glad that it's still hovering in the high $40K range implying that BTC continues behaving like a stablecoin now and then.

The upcoming halving event in April should help it soar a lot higher hopefully. Let's see what happens.

The event was probably priced in weeks ago by investors. Welcome to the stock market

.

3kpk3

full member

Activity: 1050

Merit: 149

Hire Bitcointalk Camp. Manager @ r7promotions.com

It's weird that the price hasn't pumped at all ever since this huge announcement, but I am just glad that it's still hovering in the high $40K range implying that BTC continues behaving like a stablecoin now and then.

The upcoming halving event in April should help it soar a lot higher hopefully. Let's see what happens.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: peaky-btc4 on January 11, 2024, 08:55:31 AM

Now that the ETFs have approval, which one are we piling into? Has anyone done a comparison of the fees and holdings? I’m sure I’m not the only one who wouldn’t mind getting some sweet sweet crypto gains in a Roth retirement account.

HODL
That said the market is rife with market manipulation today, and liquidity traps as big groups like Vanguard aren't allowing users to purchase any ETF's So looking to more drama yet.

Agbe

legendary

Activity: 1022

Merit: 1341

Quote from: shield132 on January 10, 2024, 04:12:15 PM

Bitcoin ETFs are officially approved - https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf

Op revisit your link and drop the correct link. Though this is a good news to everyone here who are investing in Bitcoin and other cryptocurrencies at large. We thank God for this wonderful news. Even the article I read is predicting that ETF will boost Bitcoin to climb $50 billions to $100 billions US dollar. And now everyone in the ecosystem is happy to hear the news but will Bitcoin come down again for the poor to buy again? That should be an another question to answer. Because as it is now the rich people in the world will visit Bitcoin and invest heavily that will make Bitcoin to forget the poor. In 2022 Bitcoin price was on $16,000 and the way I am looking this matter right now, I don't think the price of Bitcoin will come down again though I don't know what will happen in the future but my fear here is that the rich people might not allow the price to come down again. Let see what will happen in the future if Bitcoin.

dlightag

member

Activity: 519

Merit: 12

That is a very good news in the cryptocurrency market industries and the Bitcoin ETF approved really makes a greenish in the market, hence Bitcoin makes a little move other alt-coins follow. Congratulations

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Quote from: peaky-btc4 on January 11, 2024, 03:25:15 AM

This may not be normal as bitcoin ETFs should be able to bring more money into the market which then causes prices to increase drastically - but it may take some time for this news to be confirmed. If this news is true - then I think the market is really going to party in the next little while. Let's wait and see how he reacts.

I guess bitcoin etf approval prior to bitcoin halving is pretty bullish. I remember when beforr halving market experience a huge dump beforr totally fly and now it will probably change and continously pump until halving and eventually go for the bull run season. I might be wrong but this news is really a hype around the market.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: BD Technical on January 11, 2024, 07:22:06 AM

A few days ago I posted that very soon this ETF will go a little way and bring about the beautiful days of Bitcoin. Many did not believe then. Looked at it with disdain. But my words are true, Bitcoin ETF has been approved and the price of Bitcoin has now become 47 thousand plus. Now we can expect Bitcoin to pump big again in 2022 and break all its price records. I have given the link of my previous post below.

Post link :- https://bitcointalksearch.org/topic/m.63056979

We know where bitcoin is headed, to be honest I strongly believe that ETF will become a reality when I heard it but it is a matter of time when will it be approved as we see so many delays from SEC. Today, bitcoin ETF has been approved which can result in an increased distribution on US and possibly can pump the price and of course go past the recent all time high. Though just be careful fellas as we will see correction from the pumps, it is inevitable. It will never go up and up without a single dump, just be careful on institutions taking profit.

peaky-btc4

newbie

Activity: 5

Merit: 0

Now that the ETFs have approval, which one are we piling into? Has anyone done a comparison of the fees and holdings? I’m sure I’m not the only one who wouldn’t mind getting some sweet sweet crypto gains in a Roth retirement account.

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Quote from: BitMaxz on January 10, 2024, 04:59:19 PM

It seems the link or the page was hacked because the PDF file is gone or SEC just intentionally removed it

It's trending on Cryptopanic and FB groups about this news but I can't see the price surge yet maybe we will see it after a few more hours?
However, some people said it's fake news but I found this statement below.

- https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

Ok, I get it the link was down due to heavy traffic which is why the page suddenly 404 error.

This was a day the Securities commission will never forget. And those in the cryptocurrency communities will never ever let them live this down.
They have posts of updates then have them taken down.
Where they hacked? Can you trust what you are seeing from them?

That level of knowing forsure of what they are telling us is too far gone at this point.

Quote from: BD Technical on January 11, 2024, 07:22:06 AM

A few days ago I posted that very soon this ETF will go a little way and bring about the beautiful days of Bitcoin. Many did not believe then. Looked at it with disdain. But my words are true, Bitcoin ETF has been approved and the price of Bitcoin has now become 47 thousand plus. Now we can expect Bitcoin to pump big again in 2022 and break all its price records. I have given the link of my previous post below.

Post link :- https://bitcointalksearch.org/topic/m.63056979

Price movement was not what many were expecting it to right after the approval was done.
It has been along time for this day to finally arrive so bated breath was inorder prior to it actually happening.
Is this it or just another one minute to have it discussed on the senate floor to have it thrown out after waiting half a decade? Well then, now we have our answer.
But if many thought it would be an instant 2x was sorely wrong.
Possibly wait for a major event in the bitcoin journey to happen just so the government who approved it this day can say it is legitimate to back since it is approved by their own law.

BD Technical

member

Activity: 196

Merit: 14

A few days ago I posted that very soon this ETF will go a little way and bring about the beautiful days of Bitcoin. Many did not believe then. Looked at it with disdain. But my words are true, Bitcoin ETF has been approved and the price of Bitcoin has now become 47 thousand plus. Now we can expect Bitcoin to pump big again in 2022 and break all its price records. I have given the link of my previous post below.

Post link :- https://bitcointalksearch.org/topic/m.63056979

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Questat on January 11, 2024, 06:02:17 AM

Quote from: peaky-btc4 on January 11, 2024, 03:25:15 AM

This may not be normal as bitcoin ETFs should be able to bring more money into the market which then causes prices to increase drastically - but it may take some time for this news to be confirmed. If this news is true - then I think the market is really going to party in the next little while. Let's wait and see how he reacts.

Perhaps it was true and officially approved but unfortunately, the impact is not overwhelming as people are still confused about the announcement due to hacking incidents. The slow response is likely what we experience but who knows in the coming days, some individuals may be just waiting for some clarifications. Or maybe, we just assume that this (pump) would happen and it fails. I'd rather think that halving is more influential than this.
Anyways, let us see what will happen the next couple of day otherwise, the majority are wrong.

The approval news was posted all over social networks and major newspapers. I don't think anyone is confused and unaware of the news that ETFs have been approved.

I'm not too surprised that bitcoin didn't react too strongly to this news. In the past 2 months, bitcoin also increased a lot because of ETF-related news, and the increase in bitcoin's price is not a recovery due to increased bitcoin demand or for any reason. Therefore, it is understandable that bitcoin no longer increased strongly when the ETF was approved.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: thecodebear on January 10, 2024, 11:52:32 PM

I think its only the kinda self-congratulating bitcoin enthusiasts who didn't want an ETF.

Same people who don't want companies or rich people or governments to own any bitcoin are the people who don't want ETFs.

I always find it funny when the sort of people who publicly claim to be the most hardcore about stuff like 'freedom' and whatnot, such as with bitcoin, turn out to want a bunch of restrictions on what people can do and don't see the obvious irony and hypocrisy of it haha

I feel like a couple of topics are confused in your post.

It is not about wanting or not wanting ETF. It is about being clear about what it really is. What I've seen so far is a growing false consensus that Bitcoin's growth is only possible if ETF is approved!!! Obviously that is completely wrong. Bitcoin never needed some centralized crap to grow and be adopted by more people.
It should also be emphasized that when people put their hard earned money into ETF they DO NOT own any Bitcoin, they are just involved in a centralized crap.

Other than that, ETF is like CEX. We know it is crap but we don't care about it existing or not, we should only help others understand the true nature of what they're getting into.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Questat on January 11, 2024, 06:02:17 AM

Quote from: peaky-btc4 on January 11, 2024, 03:25:15 AM

This may not be normal as bitcoin ETFs should be able to bring more money into the market which then causes prices to increase drastically - but it may take some time for this news to be confirmed. If this news is true - then I think the market is really going to party in the next little while. Let's wait and see how he reacts.

Perhaps it was true and officially approved but unfortunately, the impact is not overwhelming as people are still confused about the announcement due to hacking incidents. The slow response is likely what we experience but who knows in the coming days, some individuals may be just waiting for some clarifications. Or maybe, we just assume that this (pump) would happen and it fails. I'd rather think that halving is more influential than this.
Anyways, let us see what will happen the next couple of day otherwise, the majority are wrong.

Actually I am not expecting an impact on price of Bitcoin sequel to SEC approval of Bitcoin ETF the impact would be gradually because a lot of hodlers who dump before the announcement hoping to ride on bearish trend had it been the announcement was negative now that the fundamental outlook is positive a lot of investors would come on board thus triggers massive pump in it price for now the price is on a strong resistance zone at $47764 with influx of more investors based on SEC approval the resistance would be broken and the likely price target after a rally is $64K+ even with the upcoming halving is another catalyst to pump the price.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: peaky-btc4 on January 11, 2024, 03:25:15 AM

This may not be normal as bitcoin ETFs should be able to bring more money into the market which then causes prices to increase drastically - but it may take some time for this news to be confirmed. If this news is true - then I think the market is really going to party in the next little while. Let's wait and see how he reacts.

Perhaps it was true and officially approved but unfortunately, the impact is not overwhelming as people are still confused about the announcement due to hacking incidents. The slow response is likely what we experience but who knows in the coming days, some individuals may be just waiting for some clarifications. Or maybe, we just assume that this (pump) would happen and it fails. I'd rather think that halving is more influential than this.
Anyways, let us see what will happen the next couple of day otherwise, the majority are wrong.

doubletheprof

jr. member

Activity: 179

Merit: 1

Just as I said MULTIPLE TIMES... Inevitable Grin

Essential10

full member

Activity: 448

Merit: 130

The approval of the ETF is a milestone for the Bitcoin market, as it could open up new opportunities for investment and growth. Many are hopeful that this approval will increase mainstream adoption and increase the value of Bitcoin. With ETF approval, Bitcoin is now more accessible to a wider range of investors, which could potentially increase demand and price. While the ETF approval is a positive development, the cryptocurrency market is still volatile and unpredictable. Overall, ETFs have not been approved for long, now we will have to watch for some time to see which way Bitcoin and the cryptocurrency market as a whole will go. But I am optimistic about the future of Bitcoin.

peaky-btc4

newbie

Activity: 5

Merit: 0

This may not be normal as bitcoin ETFs should be able to bring more money into the market which then causes prices to increase drastically - but it may take some time for this news to be confirmed. If this news is true - then I think the market is really going to party in the next little while. Let's wait and see how he reacts.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

Quote from: nelson4lov on January 10, 2024, 10:00:01 PM

Quote from: legiteum on January 10, 2024, 09:45:12 PM

Excellent. Bitcoin is now officially a meme investment that has nothing to do with its original ideals

.

This is what majority of Bitcoin enthusiasts wanted from the onset.

It's what the majority of speculators wanted. Personally, I draw a distinction between "enthusiast" and "speculator".

Quote from: nelson4lov on January 10, 2024, 10:00:01 PM

These Bitcoin ETFs will catapult Bitcoin to get massive adoption which has been one of the missions of Bitcoin. The ETFs will put Bitcoin on the center stage to get massively adopted in the coming years.

I also question the use of the word "adoption". Adoption of new technology looks like people using the technology. People adopted the Internet by using it. Not by making bets on whether the value of the Internet goes up or down. As such, ETFs don't constitute adoption. They aren't using Bitcoin, they're just making bets on it.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: legiteum on January 11, 2024, 12:31:01 AM

Quote from: thecodebear on January 10, 2024, 11:52:32 PM

Bitcoin ETFs normalize bitcoin as a financial asset. That's good for Bitcoin adoption.

It's good for Bitcoin ETF adoption, but this just made it so nobody needs to hold actual Bitcoin anymore to profit from its gain in price. Anybody with an ordinary brokerage account can bet on Bitcoin now, so why would anybody mess around with a complicated, risky "wallet app" or a relatively new financial firm like Binance?

The reality is that Bitcoin (and cryptos generally) have been meme investments* since their inception for almost all consumers.

(*I don't mean this term in some kind of negative way--I'm open to other phraseology if anybody wants to offer it).

There is a lot of jeering over at Hacker News about this, meanwhile.

I wonder if the same people who are criticizing bitcoin now are going to be OK with buying a Bitcoin ETF.

Life is strange sometimes.

Quote from: Reid on January 11, 2024, 01:10:54 AM

Thank you for this link. Finally. I really though the SEC is going to prolong this battle and try to scare the investors out. Now here we are. I guess they don't really have a choice after so many battles where mostly they lose.
Now the big question is, where will it go from here? We really have to be patient about this because there might be some negative effects on the start of it. That may be the exciting part on all the events that will happen from hereon.

The Bitcoin ETF rally is like the 2021 rally. It grows, then pops, then it will grow again and this time be more responsible.

Quote from: Despairo on January 11, 2024, 12:40:31 AM

Not for me. Tongue

The price is staying at $46K, nothing change.

You guys are expecting BTC to just shoot up by thousands of dollars in just 24 hours? Give it some time, this isn't some r/walletsreetbets asset or a meme coin, Bitcoin moves fast but it's not dangerously volatile.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

At long last now I can observe in peace let's see if a Few Trillion dollars enters in from the Pension system
Also oh boy, pensioners are going to be relying on crypto now.
Wall street is going to have a day.

Topic: Bitcoin ETF officially approved! - page 2. (Read 743 times)