These questions are valid and I think it just really depends on the person because we might all want different things or we might have different plans for the long-term
One thing for sure however is that etf approval will attract more investors thus more people trying to make transactions then making the mempool more congested so you are right in the next following months as the price of bitcoin increase and more people become interested bitcoin might not be the best cryptocurrency for everyday transactions
Topic: Bitcoin ETFs - Good or Bad? - page 5. (Read 736 times)
Everything that has advantages also has disadvantages. Institutional investors attract more money and attention to the Bitcoin space. Many people who never knew anything about the currency will begin to be aware of what Bitcoin stands for. Some persons would never have invested in Bitcoin if not for the ETF because they can't keep their keys or passwords safe.
But all this attention and increased Investment comes with a price which is centralisation and loss of privacy. The only reason why the SEC approved the ETF is because they have devised various mechanisms to control the sector.
We cannot stop these investors from acquiring Bitcoin because it is a free market but we can still maintain our privacy and enjoy decentralization. Nobody will force you to sell your coin to anybody, it's still a matter of choice. It will also be difficult for these institutions to control the market because Bitcoin is still decentralized. I sense that the government will target decentralized platforms shortly but for now, we still have a choice.
But all this attention and increased Investment comes with a price which is centralisation and loss of privacy. The only reason why the SEC approved the ETF is because they have devised various mechanisms to control the sector.
We cannot stop these investors from acquiring Bitcoin because it is a free market but we can still maintain our privacy and enjoy decentralization. Nobody will force you to sell your coin to anybody, it's still a matter of choice. It will also be difficult for these institutions to control the market because Bitcoin is still decentralized. I sense that the government will target decentralized platforms shortly but for now, we still have a choice.
I hope people are not too blinded by greed to see the dangers of Bitcoin ETFs and the centralization of the tokens in Fiat controlled trading platforms.
People will always invest in profitable areas. The only problem is that they are investing in the right commodity through the wrong channel. Sadly many of them don't know the implications of what they are doing because they don't have enough information about Bitcoin. Maybe a hack or bankruptcy of these centralized platforms will force them to learn more. 
So, the much anticipated (under speculators) Bitcoin ETFs have recently been approved by the SEC. Most speculators bought into the hype, expecting a massive increase in the Bitcoin price. 
The question you have to ask yourself is this :
1. Do you want large institutional financial organisations buying large amounts of bitcoins and then locking it up in centralized trading platforms?
2. Do you want Bitcoin to be a commodity or a currency? ETFs will destroy the goal of Bitcoin becoming a currency.
3. ETFs take direct investment capital into personal ownership of Bitcoin away and it pulls that capital into centralized trading platforms. (Those coins are owned by the trading platform, because they control the private keys)
4. Fiat whales get control over bitcoins and can be used to manipulate the Bitcoin price. (They control the traditional Fiat investment options, so they will gradually increase their ownership of bitcoins to control that too)
5. ETFs destroy pseudo anonymity, because it is highly regulated with strict KYC requirements implemented to identify every trader on their platform.
6. Bitcoin's future success rely on actual coins being transfered on the Blockchain, because it generates miners fees to reward the miners. What happens when the Block reward falls away and not enough transaction happen, because bitcoins are locked up in ETFs.
I hope people are not too blinded by greed to see the dangers of Bitcoin ETFs and the centralization of the tokens in Fiat controlled trading platforms.
Let's discuss..
Do you still think Bitcoin ETFs are the Knight on the white horse?
The question you have to ask yourself is this :
1. Do you want large institutional financial organisations buying large amounts of bitcoins and then locking it up in centralized trading platforms?
2. Do you want Bitcoin to be a commodity or a currency? ETFs will destroy the goal of Bitcoin becoming a currency.
3. ETFs take direct investment capital into personal ownership of Bitcoin away and it pulls that capital into centralized trading platforms. (Those coins are owned by the trading platform, because they control the private keys)
4. Fiat whales get control over bitcoins and can be used to manipulate the Bitcoin price. (They control the traditional Fiat investment options, so they will gradually increase their ownership of bitcoins to control that too)
5. ETFs destroy pseudo anonymity, because it is highly regulated with strict KYC requirements implemented to identify every trader on their platform.
6. Bitcoin's future success rely on actual coins being transfered on the Blockchain, because it generates miners fees to reward the miners. What happens when the Block reward falls away and not enough transaction happen, because bitcoins are locked up in ETFs.
I hope people are not too blinded by greed to see the dangers of Bitcoin ETFs and the centralization of the tokens in Fiat controlled trading platforms.
Let's discuss..
Do you still think Bitcoin ETFs are the Knight on the white horse?
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