Topic: BitcoinETF approval will possibly cause much bigger jump than most people expect - page 2. (Read 1295 times)

ETF or not it wont matter on which this market is still that unpredictable, it is really just that this moment we do have these institutions are really that getting involved or simply institutional funds are flowing into.
We cant really tell that the recent surge of increasing prices is the result of it or really just that still that ordinary day in crypto on which this has been that typical or standard.
Some saying that this is the result of ETF approval but we cant be sure, come to think that we are already heading on upcoming Bitcoin halving event on which it is really just that having those positive
sentiments in regarding about those price potential movement.

Now that we are heading on Bitcoin halving event then we are already that near on that so called BULL RUN on which all of people here on this space had been anticipating or really that expecting.
Jumping prices would really be just that next in line. We cant really just know on whats the exact date for this one. This is why speculations would really be flying or floating around.

Only IF the prices go up over time. But what if market prices go down and stay that way for a prolonged period of time? Then BTC mining will become less profitable than what it used to be. History has shown us that BTC's market prices increase after each halving. I'm hopeful the upcoming halving will have the same effect on market price. This one will be even bigger than before because of the spot ETFs approval by the SEC.

Maybe BTC is bound to go to $100k soon? It would be unwise to buy BTC during the bull season. The moment is now to accumulate as much BTC before it "explodes". As long as you don't go crazy putting all of your life savings into the cryptocurrency, there should be nothing to worry about. Just my thoughts

I would say "mining becomes less profitable" was a thought before every halving, but the reality is that if the price of bitcoin goes up, then mining it still stays profitable. So, if you mine 1 bitcoin per day at 40k dollars per bitcoin, and if you mine 0.5 bitcoins per day when it is 100k, you are making more money with the second one, while you mine less bitcoins.

This is why after every halving the price usually goes up, to make sure that miners keep going strong and protect the integrity of blockchain. I am not saying blackrock made a great decision, nor will they just make a mistake, they are just diversifying their portfolio and if people are fine with every single stock they get into, they should be fine with this one as well, not riskier than some other investments.

Mining will only become less profitable over time if market prices decline or remain as is. But it's very unlikely this will happen, especially when demand is rising at a very fast pace. When there's limited supply of coins and high demand, prices should go all the way to the moon. It will become more difficult to "attack" (or control) Bitcoin with 51% of the hashrate since costs of doing so will rise over time. What BlackRock and similar entities can do is accumulate a large portion of the supply. But they will never (hopefully) be able to control the network itself.

If things get tough, developers can simply increase the supply or agree with miners to censor/block institutional investment companies from using their BTC. It all comes down to consensus. No one knows what will happen in the future, so lets hope for the best.

Sentiments maybe, but I think if we will just stick to the fundamentals, then we might see what is really going from the background and as I investors we should learn how to read between the lines, from FOMO to market manipulation and buy the rumor sell the news. But right now, since the announcement, no big movement but at least the price has gone from the dump of $39k to $42k-$43k at the start of this month.

So not expect a big jump, maybe we can see the price going on another sideways. Of course, huge money is going to flow into the market. This institutions client are big, worth billions of dollars combine and so it's a big possibility that the ecosystem will thrive in the long run or at least we should observed right after the block halving this April.

They have their clients' money that they can't just throw around - and all those trillions of $ they manage were never meant to end up in Bitcoin as some imagined. Especially not in BTC mining, which will become less and less profitable, considering that after the next halving, only about 450 BTC will be mined per day, which is literally just dust compared to the 19.6 million BTC that are already in circulation.

In addition, in less than 10 years, 99% of all coins will be mined, and I believe that even before that, many miners will move to some new, more profitable projects.

Blackrock for sure it is not interested in mining. Fidelity, on the other hand, for sure owns some mining farm:

Fidelity Investments Is Mining for Cryptocurrency



Fidelity is quite different from other ETF issuers, I think their take on bitcoin is much more genuine.

BlackRock and similar institutions have a lot of money to do whatever they want. It's likely they're already involved in the mining process. While owning 51% of the BTC hashrate seems difficult, it's not impossible. All it takes is for BTC to experience a prolonged "bloodbath" in market prices for these companies to control it. Whenever that will happen or not, is yet to be seen.

As long as there's a community fighting for decentralization, BTC won't be going anywhere soon. One would hope it will render Fiat currencies obsolete in the future. Just my opinion.

What I described is not an exit scam, it"s marker manipulation....
- ETF buyers at 40-50k: Do not buy the physical bitcoin (or, back it with existing holdings).
- Use excess holdings to reduce the price to 20-40k, at which point honour any sells to compound the selling effect and pickup coins previously demanded at 40-50k for discounts nearing half the price
- Profit...

There is nothing stopping institutions from doing this. No government, no agency, no regulation. Yes, it's unlikely they'll rug. However that isn't at all the point. The point is that there's nothing keeping these institutions in line with exactly how spot demand should be translated (that is, 1 unit bought, 1 bitcoin bought simultaneously).

ETFs have to issue shares backed by physical Bitcoin. Breaking this equivalence would imply an agreement with custodian and Sponsor firms breaking the prospectus rules.
This also would be a criminal offence very easily verifiable by the most inefficient authority.
Definitely a bad plan.

There are a lot of people right now who are really focused on closely monitoring the whole process.
I strongly doubt they could ever plot an exit scam like this.

I thought that they have released their Bitcoin addresses to the public? But I could be wrong though. Nevertheless, we know that everything can be seen in blockchain, and it's just a matter of time that those investors or speculators will have to find out what is the addresses of this big institutions and then track where in it going, if there is manipulation as we have suspected from almost $49k->$39k and then buying spree.


The argument is that Bitcoin could be seen as legitimate by other government, groups and those who are skeptics on it. With Bitcoin Spot ETF approved by no less than the US SEC, it give credibility to it and who knows, who or what entities are going to invest their huge money on it. It's that Bitcoin could really be defined as asset per se with this approval. So it has pros and cons and it depends on how we see it.

That's right, and I thought that the SEC would at least be smart enough to be able to have deduced this for themselves as well, prompting an ETF denial while more regulation enforced transparency. Either the SEC is privately lobbied/corrupt, or they're just plain ignorant. I wouldn't be surprised if both were true, however let's just say they're uninformed and ignorant.

I think that it's almost a certainty that these large firms are manipulating the market by soaking up demand for BTC and dumping what they accumulated in 2023 - which probably outweighs what is coming into the ETF. ETF buyers buy high, institutions sell on spot markets, ETF buyers sell after getting rekt, institutions rebuy...speculative but seems like the play at course.



BlackRock and other institutions will need to do some serious damage to the BTC price to be able to shake out enough holders to start to control it in an economic sense. If they want to control the ledger, they'll need to start taking a bite into mining (if they aren't already through subsidiaries of their massive umbrellas)

Institutional investment companies can provide a BTC address with their holdings for transparency. Just like Bitwise did. The fact the most aren't doing it is very suspicious. Maybe they're afraid their schemes and/or tactics will be visible to the public? They could be manipulating the market under our noses.

With BlackRock beginning to accumulate a large portion of BTC's supply, we should expect the worse. It's likely BTC will become centralized in the future. People are blind enough to believe spot ETFs are a good thing just because it promises to boost market prices in the long run. But what they don't realize is that this move gives more power to the government. The future of Bitcoin is uncertain, so we can only hope for the best. 

Definitely on that way or the thing happened recently on which it did turn out on buy the rumor sell the news. For those who do get in line with this sentiment then they did make out those good decisions as the market did really make out such movement on which it did really cause up that negative into those who do make out those long positions considering that ETF is going to be approved out. High chances we do know on which lots had been anticipating for the price to be going up but we've seen the different thing on which did end up on the other side of things on which to those who had been able to benefit out
on counteracting on the things that supposed to happen. This is why it would really be that best that you should really know on how to ride on yourself with the waves.

Sentiments and fundamentals could really be that decieving sometimes on which it might look that positive but the market turns out to be on negative state and we've been able to
see it recently. 

It could be, "buy the rumor sell the news", and probably this is what happened in the market because as soon the the approval was finalized, price did spike. However, those speculators who says that we will have positive outcome may sell after the news, leading to a temporary price decline.

I'm also hearing in defense of the price dump to $39k, that "ETF Approval Priced In", but I have to disagree. The positive impact on the price has already occurred leading up to the decision? As much as this market is already huge, but there could still be some manipulation from whales and perhaps that what we see as well.

Price movements includes a lot of factors, pre or after approval. Just like what we have seen, we are slowly gaining again, it might have been due to this news again as investors expectations have matured. Or at the very least, bitcoin market as we  known is volatile, and short-term price fluctuations (dumping after the approval), should be considered in the context of the broader market trends and dynamics.

I hope to see the Bitcoin bull market in a few days. The Bitcoin market is very dumping now. We can use this time for investment if we want. If we can buy and hold Bitcoin during this dumping, when the Bitcoin market will pump a lot  I will make a profit. But I am a bit worried about the Bitcoin market. I am worried about whether the Bitcoin market will dump or pump in the next few months.

Exactly what regulation is forcing Blackrock (or any other institution for that matter) to actually back the etf units being created as a result of the demand inflow for ETFs imminently? How do we prove that the demand to date is owned 1:1 in BTC by Blackrock and other institutions? Is there a time requirement for the demand to be reflected? Every quarter after an audit of holdings perhaps? (Genuine question ... I don't think there is one, but I haven't taken a deep enough dive into the paperwork yet).

I believed this is something everyone overlooked. I thought that the ETF would be denied on the grounds that demand/holdings backing etf demand were not transparent, and yet here we are once again, just like 08'....investment vehicles that are built on opaque foundations. I'm sure this is going to end terribly for Bitcoin ETF buyers, and remind the Bitcoin ecosystem why Bitcoin was created in the first place.

I'm not saying it will cause permanent detriment but this is sure a new ball game that I am sure will bring new volatility that will confuse the crypto world over the next 1-3 years.

In my opinion, we should never trust the institutions. It's part of the reasons Bitcoin exists after all, right? If one thinks that institutionally backed spot ETFs will send imminently send Bitcoin to the moon, one may want to rethink the rationale behind that thought...

Yes many people thought after Bitcoin ETF approval it’s price will bigger Jump but we are seeing Bitcoin price decreasing. I think it happening for short time. I also think it has big impact there has no doubt. Within short time Bitcoin price will come farrowed. Now Bitcoin price is low i think it happening for bigger jump.
And after sone days Bitcoin halving will happen then Bitcoin price will increase more and more. For big pump bitcoin now low. Any time Bitcoin will pump hardly many people expect it. I also think that.

Am I missing something, or we are lacking an “ETF inflow observer” thread here on the forum?
I have been discussing Grayscale stuff in my thread
Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!

Is there a thread where we discuss all the details of the ETF shaenigans after approval?

BlackRock has a lot of money at its disposal to "pump" Bitcoin's price all the way to "Mars". What's happening now is the "buy the rumor, sell the news" event. It's all manipulation to "dump" market prices and buy BTC at a bargain. Do not underestimate these giant institutional investment companies (BlackRock, Fidelity, Franlkin Templeton, etc). Just wait until the halving comes in, and BTC will never go back below $40k ever again. People just want quick results with their Bitcoin investment. But that's not the way it works.

You need to have "diamond hands" to be able to succeed in crypto. No matter the FUD, you can rest assured Bitcoin won't be going anywhere soon. Maybe it will go as far as replacing Fiat (or even Gold) in the future? Just my opinion