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Topic: Bitcoin ETF Won’t Get Approved (Read 238 times)

sr. member
Activity: 630
Merit: 250
August 21, 2018, 02:29:17 AM
#22
It is not like this is going to be the first disapproval and even if peradventure, it ended up having a huge impact on the market, that would simply just create an avenue to gain more by picking the dips. However the SEC wants to play their card, No one really cares but s least I can see the pressure is really on them. One thing I know about every market is that seasons change and stuffs like this are bound to happen during bear years, and once the bulls get back on track, we sure will see how sentiments and news will change pretty fast. In otherword, this would be a chance to scoop the bottom as much as you can.
sr. member
Activity: 2044
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Vave.com - Crypto Casino
August 21, 2018, 01:44:04 AM
#21
if SEC not approving ETF was a sure thing then there could not be a drop by the time they reject it. a drop or a sell off happens when people didn't expect something bad to happen, but if they start expecting it to happen then they would sell sooner than the actual incident and by the time the "incident" happens there is nothing left to sell and there will be only buys rising the price.


I’m willing to buy bitcoin at a lower price, the future dump is already expected especially when ETF didn’t approved by the SEC. We may experience another drop but who knows, maybe the market will react to that normally.
legendary
Activity: 2534
Merit: 6080
Self-proclaimed Genius
August 21, 2018, 01:01:04 AM
#20
what is etf i dont know about that
I don't know about what the hell is ETF. Can anyone tell me what is ETF and why did most of the people sells btc once it got approved?
Too lazy to do a google search?: Google.com:ETF

if SEC not approving ETF was a sure thing then there could not be a drop by the time they reject it. a drop or a sell off happens when people didn't expect something bad to happen, but if they start expecting it to happen then they would sell sooner than the actual incident and by the time the "incident" happens there is nothing left to sell and there will be only buys rising the price.
The latter usually happens during a bearish market. During a Bull run, we can only expect a correction.
But the real sell-off driver here are the trader's fear of Authorities' intervention fueled by FUDs throughout the internet.
We can't really tell what will be the majority's reaction once it happen but, history can tell.

@nicktalman93 Does this (Article intro with a link) significantly increases that blogsite's traffic? 'Cause I'm seeing a lot of this type of thread here in the Speculation Board.
legendary
Activity: 1806
Merit: 1521
August 20, 2018, 09:36:21 PM
#19
When a Bitcoin ETF is bought or sold how does it affect the price of the real Bitcoin? I'm failing to see and understand a relationship between the two...

ETF shares represent shares of a portfolio comprised of BTC. The issuer is supposed to hold the BTC in custody, so they are fully "backed."

There is no direct relationship with the spot market, though. There is no direct arbitrage mechanism to keep prices in line. There is an assumption that traders will arbitrage because ETF shares are supposed to track the BTC price; they are supposed to be equivalent because they are "backed."

But the truth is, they aren't equivalent. And an ETF could face serious liquidity issues that cause the ETF share price to diverge significantly from the spot market BTC price.
hero member
Activity: 2646
Merit: 686
August 20, 2018, 12:00:32 PM
#18
Bitcoin ETF Won’t Get Approved, Will Lead to an Inevitable Sell-Off – MD of Digital Asset Fund

Over a couple of months are going to be hectic for SEC as it will have to give a decision on some deferred Bitcoin ETF applications. It won’t be just the deferred a few new ones too would also be in line waiting to get a nod from the regulator.

Read more: https://coingape.com/bitcoin-etf-wont-get-approved-md-of-digital-asset-fund/

I don't believe that Cboe etf will be rejected, other etfs however can be rejected as they do not meet the required compliances. However let's assume there're chances it'll be rejected, then prices shall start to crash even before it's official, and once it's rejected you won't see any change in price. As these news are always discounted before the event happens.

However I'm positive Cboe etf will not be rejected, and it'll pass and send the prices soaring high.
newbie
Activity: 74
Merit: 0
August 20, 2018, 11:11:01 AM
#17
I don't know about what the hell is ETF. Can anyone tell me what is ETF and why did most of the people sells btc once it got approved?


DEFINITION of 'Exchange-Traded Fund (ETF)'

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.

Because it trades like a stock, an ETF does not have its net asset value (NAV) calculated once at the end of every day like a mutual fund does.

Just a few senteces and the definition,the rest you can find here : https://www.investopedia.com/terms/e/etf.asp

Thank you.
When a Bitcoin ETF is bought or sold how does it affect the price of the real Bitcoin? I'm failing to see and understand a relationship between the two...
member
Activity: 266
Merit: 25
August 20, 2018, 11:01:13 AM
#16
I don't know about what the hell is ETF. Can anyone tell me what is ETF and why did most of the people sells btc once it got approved?


DEFINITION of 'Exchange-Traded Fund (ETF)'

An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.

Because it trades like a stock, an ETF does not have its net asset value (NAV) calculated once at the end of every day like a mutual fund does.

Just a few senteces and the definition,the rest you can find here : https://www.investopedia.com/terms/e/etf.asp
newbie
Activity: 98
Merit: 0
August 20, 2018, 11:00:21 AM
#15
Bitcoin ETF on CBOE will be a magic for the cryptocurrency market. If btc etf has market potential then sooner or later they will be considered by investors for development.
full member
Activity: 392
Merit: 105
August 20, 2018, 10:54:17 AM
#14
No one can predict, Everything depends on the impact of Bitcoin and altcoin in the coming time, I always hope to always be nice!
newbie
Activity: 126
Merit: 0
August 20, 2018, 10:46:55 AM
#13
We will talk about the Bitcoin ETF that they operate by buying the underlying asset in large numbers and then dividing the ownership of the asset into shares. This makes it easier for investors to buy into basic assets at a lower cost
member
Activity: 228
Merit: 10
August 20, 2018, 10:20:43 AM
#12
Bitcoin ETF will definitely be approved in the future, which is determined by the trend of community development, and the SEC's temporary disapproval may be a further assessment of Bitcoin.
newbie
Activity: 74
Merit: 0
August 20, 2018, 10:13:36 AM
#11
Can some one knowledgeable explain how Bitcoin ETF will work if it's approved?

 
newbie
Activity: 35
Merit: 0
August 20, 2018, 09:55:14 AM
#10
what is etf i dont know about that
sr. member
Activity: 658
Merit: 282
August 20, 2018, 09:14:06 AM
#9
...
Bitcoin ETF will certainly attract a lot of investors, but the level of price manipulation will increase, as getting the usual percentage of profits will become more difficult.

Why do you think that a Bitcoin ETF would increase the level of price manipulation?
If we assume that the Bitcoin ETF is actually buying BTC, I´d argue that exactly the opposite is true.

A bigger market is harder to manipulate than a smaller market. This is also the reason
why you see ridiculous pump & dumps with smaller altcoins, but never with the big ones.
It is simply too hard to manipulate an asset with a high market cap (unless you are running
a central bank or Tether  Grin).
full member
Activity: 251
Merit: 100
August 20, 2018, 09:14:02 AM
#8
I don't know about what the hell is ETF. Can anyone tell me what is ETF and why did most of the people sells btc once it got approved?
hero member
Activity: 3038
Merit: 617
August 20, 2018, 09:07:10 AM
#7

Not approved is actually what the rest lf us wants besides BTC will just be centralized when its going to be approved. BTC had survived over time when they disapproved last year, it will also survive. No ETF would be better. There is nothing can stop  the government from creating their own coin to approve on ETF, I think that would  be fair if they  are the ones that create a coin for it and they can  have it themselves.
jr. member
Activity: 238
Merit: 6
August 20, 2018, 09:01:32 AM
#6
I think the maximum percentage probability of Bitcoin ETF approval is 20%, because this is a very difficult step for the SEC.

Bitcoin ETF will certainly attract a lot of investors, but the level of price manipulation will increase, as getting the usual percentage of profits will become more difficult.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
August 20, 2018, 08:53:53 AM
#5
if SEC not approving ETF was a sure thing then there could not be a drop by the time they reject it. a drop or a sell off happens when people didn't expect something bad to happen, but if they start expecting it to happen then they would sell sooner than the actual incident and by the time the "incident" happens there is nothing left to sell and there will be only buys rising the price.

hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
August 20, 2018, 08:51:05 AM
#4
I think we should just keep our fingers crossed as it plays out itself. Meanwhile, some fiat platforms have started trading these cryptos. This is a plus too.

Also that many big firms and country are coming for its usage and payment. Blockchain too is useful. These are going to be considered.
newbie
Activity: 364
Merit: 0
August 20, 2018, 08:48:56 AM
#3
Bitcoin ETF Won’t Get Approved, Will Lead to an Inevitable Sell-Off – MD of Digital Asset Fund

Over a couple of months are going to be hectic for SEC as it will have to give a decision on some deferred Bitcoin ETF applications. It won’t be just the deferred a few new ones too would also be in line waiting to get a nod from the regulator.

Read more: https://coingape.com/bitcoin-etf-wont-get-approved-md-of-digital-asset-fund/
As far as I know, there will be information by the end of September, otherwise we will have to wait until Q1 2019
jr. member
Activity: 350
Merit: 1
August 20, 2018, 08:48:37 AM
#2
All indications seem to indicate that the Bitcoin ETF is likely to be approved due to market demand!
Bitcoin has already received investment from many large groups, and the approval of ETFs is only a matter of time!
jr. member
Activity: 90
Merit: 1
August 20, 2018, 08:38:02 AM
#1
Bitcoin ETF Won’t Get Approved, Will Lead to an Inevitable Sell-Off – MD of Digital Asset Fund

Over a couple of months are going to be hectic for SEC as it will have to give a decision on some deferred Bitcoin ETF applications. It won’t be just the deferred a few new ones too would also be in line waiting to get a nod from the regulator.

Read more: https://coingape.com/bitcoin-etf-wont-get-approved-md-of-digital-asset-fund/
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