Bitcoin Without ETF - page 5. | Bitcointalksearch.org

BrewMaster

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Quote from: Sutters Mill on August 14, 2018, 01:14:44 PM

Quote from: Keiddred on August 14, 2018, 12:49:19 PM

Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

*Source needed*. You can't blame everything on the ETF. The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over.

it is a speculation and speculation doesn't have a *source* Wink

i don't know why he says it but i also have this speculation and i am not blaming ETF, i am blaming the market for reacting irrationally to a news that is not even relevant to or effective on bitcoin. people started building it up in their heads and as SEC rejected one ETF they panic sold and right now the market is waiting on their decision to start moving in a certain direction based on it. why should this be? do people really think ETF controls the future of bitcoin?

once the "excitement" is over we can go back to normal market where price rises back up.

Betty10

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Although the ETF proposal will help the value of bitcoin to go higher if approved. But lets stop and think about the fact that bictoin has performed well even before the talks of ETF proposal. Bitcoin without ETF will remain strong.

zylross

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If it was not for the news of the ETF and the people's unnecessary reaction towards it, BTC would have been at least to near $10k. Let's not dwell in regrets and hope that it will happen soon.

jzale

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Quote from: Ains_sama on August 10, 2018, 07:31:38 PM

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.

Let's all go back when the ETF proposals were not presented yet. Bitcoin was doing great as is. Bitcoin has stood many critics for many years already and is still being hone to overcome new obstacles. Bitcoin doesn't really need the ETF. The ETF proposals ignited a commotion in the cryptocurrency community as if it is badly needed. Yes, ETF will do Bitcoin better and will produce new speculations and increase in price. Though this has caused the community to depend on ETF for Bitcoin to actually go on, which is really bad.

annaso

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While bitcoin believers awaits the new September appointment by SEC in making a decision on the ETF , investors and other bitcoin users will continue to ponder on both the long- and short-term effects that may arise. No matter the outcome, the increase in awareness and interest in bitcoin is becoming more certain. Also, with the various development across the entire bitcoin and blockchain ecosystem, improved robustness and industrial stability is becoming more obvious.

Labbiel

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had it not been for the news regarding ETF and the way we reacted to it which was clearly unnecessary, BTC would been doing a lot better in the market now

BitcoinGuruOne

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What rule? What are you talking about, ETF is a financial instrument which makes it easier for masses to invest in various financial assets.

Bitcoin ETF will be approved sooner or later. But i belive that we should not give it such big attention since other things are inmportant as adoption , updates and tech.
BEsides oter things could induce new BTC bull besides ETF.

cahbagus555

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ETF is good for cryptocurrency market. Not only for bitcoin, but altcoin will following if ETF approved. ETF can bring trillions dollar money to crypto market and it wil boost the price. WIthout ETF, cryptocurrency market can survive but its much better if ETF approved by regulator

Sutters Mill

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Quote from: Kakmakr on August 15, 2018, 01:24:54 AM

In my opinion Bitcoin ETFs will just increase volatility. Now, you have hedge fund managers dumping large amounts of fiat or even coins onto the Bitcoin market and this will cause bigger spikes and dips. Many people and merchants wants lower volatility, without having to use payment processors to use bitcoins for payment and higher volatility will destroy the use case for a payment network.

You cannot buy something directly with Bitcoin and wait 10 minutes for a confirmation and then have a drop in price of 10% in that 10 minute confirmation period. Roll Eyes

Bitcoin will probably never be stable so forget about that. Something tells me it's only one type of volatility you don't like and probably don't mind when the value rises? This is how bitcoin was designed to be and your money should gain value over time, but due to the nature of supply and demand this means bitcoin is currently going to go up and down with the markets. I'd look at bitcoin more like having stocks in a company or as a digital version of gold and as such your investment will rise and fall with the performance of the company or 'digital gold' markets..

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

In my opinion Bitcoin ETFs will just increase volatility. Now, you have hedge fund managers dumping large amounts of fiat or even coins onto the Bitcoin market and this will cause bigger spikes and dips. Many people and merchants wants lower volatility, without having to use payment processors to use bitcoins for payment and higher volatility will destroy the use case for a payment network.

You cannot buy something directly with Bitcoin and wait 10 minutes for a confirmation and then have a drop in price of 10% in that 10 minute confirmation period. Roll Eyes

Roidz92

full member

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ETF is just a surplus. Bitcoin doesn't need ETF approvation, but surely if it happens, we could see something never happened before in terms of price, speculations and gains.
last year's gains would be nothing compared to next years if btc etf will be approved.
Said that, we will see gains also without etf.

Keiddred

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Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Keiddred on August 14, 2018, 12:49:19 PM

Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

I believe you're right here. The decision to postpone ETF approval came right when BTC was at the turning point, close to the 200 day EMA. THat decision basically discouraged people from buying. As a result BTC got rejected from the bearish resistance and started falling what panic sellers used to dump everything and take us back to where we are. Without the news about ETFs we wouldn't have the recent rally, but we wouldn't have the crash either. It's better not to have a rally at all than a failed one.

Earpot

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There are few features of ETF which might help the price of Bitcoin to rise but as of now, I find nothing bad from ETF propositions which can harm BTC. The only thing that bothers me is that ETF will be centralized which is against the feature of BTC but then again, it have no chance of harming Bitcoin one way or another.

Sutters Mill

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Quote from: Keiddred on August 14, 2018, 12:49:19 PM

Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

*Source needed*. You can't blame everything on the ETF. The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over.

cetald

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I think that bitcoin will grow even without ETF. But positive news on ETF can be a driver of growth now. Otherwise, you need to wait for other favorable news.

bassbity

sr. member

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When the bitcoin proposal is approved by the ETF, everything will be very good and prices will rise again in the future, ETFs only have a few supplements that will increase the price of Bitcoin Actually, the price of Bitcoin will explode, where everyone will no longer be able to mine Bitcoin, and the total supply for Bitcoin will be really limited. the only way to get Bitcoin is to buy it.

Tykeim Carson

newbie

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ETF cannot cause any harm to Bitcoin rather it will be backed by Bitcoin. Though it is not related with the growth of Bitcoin in any possible way but the hype circulating around the approval of Bitcoin ETF might cause another synthetic rise to the price which would later face consolidation again.

goodman4hire

full member

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IF you let the ETF boys in that will ruin Bitcoin not the other way around. It will cause a significant ramp in prices though which I assume is why most are here. Just make sure to cash out soon as they will tighten the ship.

CryptoGosu

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I think Bitcoin ETF is not needed yet. I think adoption of cryptocurrency is more important than creating a new financial instrument.

Topic: Bitcoin Without ETF - page 5. (Read 1514 times)