BTC hovers above $61K amid US regulators against physical product Bitcoin ETF - page 2.

sheenshane

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Quote from: GreatArkansas on October 17, 2021, 05:57:02 PM

This Bitcoin ETF for me is still not 100%, but whatever will happen in the future, denied or approved, for me, there will always effect on the market.
To be honest, even there are some people who don't want Bitcoin ETF, it is expected to happen, just like what happened on Gold before.
Even there is Bitcoin ETF or no Bitcoin ETF, Bitcoin will always Bitcoin.

I tend to agree because Bitcoin even without ETF the adoption was continued and it kept spreading, as we can see there's a lot of legalization happen in most parts of the country and I think one of the reasons why Bitcoin price plunged too much and hovers above $60k plus range within this month and I think, this Q4 of this year Bitcoin has a good sign of massive growth.

Quote from: saltomanx1x on October 17, 2021, 12:13:31 AM

What do you think about the new concerns that will occur in the future?

Legal tender worldwide? (sounds quite impossible thou) It seems already triggered by El Salvador.

Slow death

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Quote from: saltomanx1x on October 17, 2021, 12:13:31 AM

What do you think about the new concerns that will occur in the future?

as I said in the last post the biggest problem is if sec postpones or rejects this physical bitcoin ETF and the market reacts negatively and starts a big price drop, people are buying a lot with high expectations of an approval and that's bad, because they can sell in case of bad news

GreatArkansas

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This Bitcoin ETF for me is still not 100%, but whatever will happen in the future, denied or approved, for me, there will always effect on the market.
To be honest, even there are some people who don't want Bitcoin ETF, it is expected to happen, just like what happened on Gold before.
Even there is Bitcoin ETF or no Bitcoin ETF, Bitcoin will always Bitcoin.

palle11

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ETF or no etf has been a discussion on bitcoin for some years back and the acceptance of bitcoin has not stopped but has been fully adopted by some countries and we'll known in this light yet is El Salvador without ETF. This shows that it won't be a major expectation for bull, bitcoin has risen despite the ongoing debate on Etf. Investors have not been worried on that because bitcoin has gone unstoppable with many ways to trade or hodl it.

eaLiTy

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Quote from: saltomanx1x on October 17, 2021, 12:13:31 AM

Amid renewed concerns over US regulators' acceptance of physical Bitcoin ETFs (exchange-traded funds) later this year, Bitcoin hovered above $61K on first approval in the United States.

The hype of ETF is going around for a while and even during the last rally in 2018 this topic of ETF getting accepted was a hot topic and even now 3 years after that we are talking about this as if the regulators will be accepting ETF, i am not sure we will see that happen just yet and we can talk about this topic during the next halving and rally rather than having high hopes now.

DeathAngel

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Physically backed bitcoin etf’s have been rejected for years. I don’t see why that’s going to have any effect on tge price at all. We are about to enter the peak of this bull run. There is no FUD left on the table now, it’s all been exhausted, we are about to moon.

RealMalatesta

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Quote from: Tytanowy Janusz on October 17, 2021, 04:32:35 AM

Who cares about BTC ETF? There are already plenty of ways to trade BTC no matter if you are small retail investor or one of the biggest company (tesla).

I do not think that it will be appropriate to underestimate the powers of stock markets of USA kind of country. Bitcoin ETF will enable people to buy/hold/trade bitcoin like any other stocks with the same margin which meant for their usual stock related activities. So, there would be definite impact we could expect when we get bitcoin ETF hits live markets.

(Gold ETF should be considered here for good example, even gold is limited by 250k metric tons, we could buy/trade more than that with the help of ETF; similarly bitcoin ETF will help more than 21 million people to buy and hold more than 1 bitcoin each, theoretically).

Quote from: hugeblack on October 17, 2021, 11:03:58 AM

in short, Bitcoin has become bigger than ETF.

I agree, still consider this scenario: bitcoin already got 1 trillion marketcap hence it does not need any individual investor who are going to buy 0.001 or lesser BTC. I strongly believe we still need them and the same applies for bitcoin ETF as well.

hugeblack

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We started Q4 of 2021 and it's epic as the profits are easy and fast and many people are venturing to buy Bitcoin as the price can break the $100k barrier and therefore I don't think anyone will care about these BTC ETF.
The price was not rising for this reason, but as expected, the 61k barrier may be the bottom for the next two months.

So, in short, Bitcoin has become bigger than ETF.

cryptomaniac_xxx

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As I have said previously, seems that the price is already price in so I'm not expecting a huge movement. Even prior the news of the so called approval, the price is really on a rally and even breaking the mental barrier of $60k. So I don't think that it will trigger another huge rally, maybe breaking $63k barrier or having a new all time high. But to make a huge jump to like $70k-$80k this month just because of the news? I don't think it will have enough push.

Tytanowy Janusz

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Who cares about BTC ETF? There are already plenty of ways to trade BTC no matter if you are small retail investor or one of the biggest company (tesla). I've never heard someone saying that he wants to invest in BTC but he miss ETF option so he give up on that and wait for better investment options. Not even a single time.

I see each bubble is the same. China FUD, ETF/ETP/CME hype than again china FUD and start once again. Guys from 1 month to infinity years period it does not matter at all if this ETF will be aproved now, next month or never.

saltomanx1x

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Amid renewed concerns over US regulators' acceptance of physical Bitcoin ETFs (exchange-traded funds) later this year, Bitcoin hovered above $61K on first approval in the United States.

What do you think about the new concerns that will occur in the future?

source : https://cointelegraph.com/news/btc-price-hovers-above-61k-amid-fresh-concerns-over-fate-of-physical-bitcoin-etf

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