Topic: ETF - Will be approved or not? Price will grow up anyway? (Read 1477 times)

Many people said that ETF will be approved and of course price will grow up too,
be signed with bitcoin's price becomed around $1200/BTC
but it is still speculation because ETF is still not be approved,
the true we must wait until ETF be approved or not and what will happen with bitcoin's price. 

I think no one here can predict whether It will approve or not, but one thing is for sure the approval of ETF will boost market, at this moment bitcoin hits all time high of $1200+ while approaching March 11, I'm very excited whats gonna happen after decision has been made, lets see.

Yes it is true that bitcoin will lose its being a decentralized coin due to the approval of ETF. But such approval has also advantages and will protect bitcoin user and holders from hackers and sudden loss due to volatility. The only thing I am concerned about is that when ETF is implemented the price increase of bitcoin may possibly stop. I am not sure about this but I hope I am wrong on this one.

Its obvious what will happen if ETF is approved. Of course there would be a big jump in price since corporation money and such will begin entering bitcoin and I don't think that many people are buying bitcoin now because of ETF so there might be a dump when it is denied but it will be not that big, not enough for bitcoin to go down to sub 1000$ prices. Surely right now bitcoin is really holding it's price to the prices ranges we see now and it is really strong.

Those in favour of the ETF to make Bitcoin more centralized are missing out on the whole ethos of Bitcoin in the first place. Decentralization is the bedrock. Anyway, I have the popcorn out ready for the verdict.

Yeah, indeed all of that into a big dream for all of us who use the bitcoin. because it is not possible I use something that does not have the opportunity or the great opportunities in the future, because we live and work for the future and also to get good results for today. Bitcoin does have it, but I think it's still very early or not, it's time to make the price of the bitcoin soared. Because the security of the bitcoin has not been established by legal entities and also there has not been a trusted technology company to develop a technology-based bitcoin,

I am the one, believing in to prices of bitcoin will grow up regardless of whatever decisions will be taken on bitcoin ETF. Because this application for ETF will serve as very big promotion for bitcoin ecosystem. The media coverage will get what bitcoin actually needs, yes I guess bitcoin has already started attracting new investors.

It always depend onthe demand of bitcoin or depends on the volume when it become hogher maybe the etf approval will be affect the bitcoin lriceor maybe there will be new more users who will use bitcoin maybe there will be country that will unbanned bitcoin.

So you believe when the ETF gets rejected the price will drop. I agree with that.Qustion is how low will we go? I think not lower than 800. So Bitcoin will again show some volatility.
Now the other side of the coin! If one the 3 possible ETFs gets approved, the price could shoot up to 2000+ in no time. In this case you will have a lot of volatility as well. And some traders will take benefit of that. The price may rise to 3000 and then drop to half of that. Do you think people who put some serious amounts of their retirement accounts into the ETF will love that? We Bitcoiners are used to that volatility. But the average joes out there will puke like in a rolleroaster, drop that papers and never come back.
So it's a double edged sword as you can see! The line Bitcoin will have to move on forward is very thin!

Unless the SEC are defiantly arrogant I'd say that we are looking good for approval.

However if it is their style to make the applicants wait 4 years and to the very last day with no hint that the latter part of the details is of major concern then you would wonder why not deny the ETF much sooner and let the applicants bow out gracefully due to some already known fundamental issue they have, no need to hold off until the last moment to slap them in the face.
With the recent meeting that took place and the players involved, I think we better get some extra cash ready or expect to be shocked by the non sporting manner of the SEC.
https://btcmanager.com/sec-update-on-winklevoss-etf-higher-probability-of-approval/

If SEC disapprove winklevoss ETF, new investors will claim bitcoin as bad decision to put their money due to price volatility.
They already know about this and being prepared to suddenly withdraw their funds in case of ETF denial.
I'm pretty sure that bitcoin price will fall down to around $8000-$900 again just like the last crash.
It is a gambling investment, that's why some have been stated this as bad condition for bitcoin.

The biggest players who can have a major impact on the price are those based in Asia.
The outcome of this vote won't mean anything to them and as far as we're concerned it shouldn't prompt any reaction from them.
The only worry is that if a few US players start selling, Asian whales will follow suit and that could significantly lower the price.
Having been said, even if they are denied, I doubt many US investors will start dumping. It wouldn't be in their best interests and they know that.

If denied it won't fall much, that is if the manipulators do not ride the news and start creating a fake dump to make weaker hand to panick.  New comer will cetainly be the victim of this tactics, I just hope majority of these people have more faith in Bitcoin than their hands being weak.

I'm not entirely sure what affect this would have on the price of BTC but I'd assume that if COIN are denied, the price wouldn't really fall much if any at all. The current price has been relatively steady and is independent relative to the upcoming vote.
Having been said, if the SEC do grant them permission then the price of BTC could spike a little more given the fact the a government division is making further steps to legitimising Bitcoin in practical terms. 

I'm telling my friends who missed out on sub $1000 bitcoin to place buy limit orders at $980 in case COIN is denied. It could happen.

It is not going to be approved and price will be making a nose dive.

Like you said, there is absolutely a huge speculation going on. Someone is buying shit loads of coins like its going to be approved. It is not healthy for bitcoin to rise that much in such a short time.

When it rises like this, it will be going down even in a shorter time. There will be blood. Poor 1200$ buyers...

If the COIN ETF is approved it will trade on BATS not the NYSE. I have seen estimates of 30 to 45 days to get the fund listed for sale once approved. If not approved the SolidX bitcoin ETF could be approved on March 30 but doubtful if COIN is turned down. To some extent I think the market is pricing in approval of COIN so if it is denied I expect a drop of 10 to 15% in bitcoin price which would provide a buying opportunity. If approved everyone agrees bitcoin price will surge. I think we could see $1800 to $2000 short term.

Well in my own opinion, I don't see any changes that will happen even if ETF is approved the only thing we will see is just the initial shock for the market to adjust to recent happenings and after that, everything will be back to normal but the part of the approval is what I am skeptical about in the sense that, something that has not be expressly accepted as a legal tender is now to be traded on the stock market ...

Well I'm really not expecting any huge change in price should it not be approved. People would continue to buy bitcoins on their own even without the ETF. If it passes though, that could be a different situation. This would allow people to get into bitcoin without having to own bitcoins themselves. I suppose this would really open bitcoin to the public, increasing the adoption rate. It would be mostly for the good of the government though. Probably the only benefit it would have for existing bitcoin holders would be some price increase as more bitcoins are bought. Not everyone might be happy with this though, since many people are still aiming to get at least 21 bitcoins.

It's hard to think if ETF will be approved or not but if it will be approved of course we know what will happen, it will make the price pump.

And if it will not be approved, I guess bitcoin will remain the same on its current price and it's like normal.

But I want this to be approved and let's see for ourselves and just wait until that day comes, March 11.

I think this is only beneficial to the states and not for anywhere else.

IF SEC and ETF approve about bitcoin
bitcoin price can incraese very high and go the moon in march, maybe can reach 1400 - 1500 dollar

Probably if they approv, btc will spike even more.

It is only your speculation about what will happen on that date march 11, 2017. But many of the community here are thinking positive about it. I will include myself too, I know whatever will be bitcoin will still go on and look forward unto it and many of the people will continue give the high demand.

That is the reality. Bitcoin doesnt need an approved ETF so it will increase in Price, with or without the ETF bitcoin will continue to grow in value. ETF posts are just made to deceive people that ETF will play a significant effect or impact to the bitcoins price. In the end let us not panic or be affected by those misleading news, bitcoin is fine as it is now with or without ETF.

but it would also help regulate bitcoin in USA right? does ETF operate in USA only or it's like coinbase that have many country? if it can help regulation between many customers from different part of the world, i think it can help bitcoin to grow better, and while you lose decentralization, you gain adoption, isn't this good? i think yes

Some concerns about the ETF:

Why The Bitcoin ETF is Bad For Bitcoin

Directing investment into a government-approved ETF yields centralized power to regulatory authorities and invites market manipulation.

https://blog.bitcoinhk.org/why-the-bitcoin-etf-is-bad-for-bitcoin-875bf23c8340


As this is a USA centered issue is this really a problem for bitcoin?

Analysts have mentioned that the growth will spike if ETF is approved, at the same explains that the ongoing price increase is taking place without any external influences. It is the gradual increase that's happening, so as the thread sure the price will grow up continuously.

Approved or not of ETF by sec will pump up the price of bitcoin for many reasons especially the leverage and speculative traders. Bitcoin/ USD is oready trading above $1130 as at today because of anticipation of what will happen on 11-3-2017. My speculation is this if ETF is approved the price will pump up above $2000 and if it not approve the bitcoin will move but not as high as when it is approved.

If SEC approved its ETF, we will see a big leap in bitcoin price. I know a lot skepticism coming from Wall Street analyst regarding the approval, but I still hope it will and once approved, a lot of capital worth millions  would flood bitcoin ecosystem and such influx will cause the price to leap  to skyrocket price.

1 there is no deadline for the approval.
2 I don't think so, but most of the speculation were predicting looks like a nuclear.
3 Yeah.
https://www.cryptocoinsnews.com/investors-bet-sec-approving-bitcoin-etf-ignore-analysts/

Might as well gets trashed by mods.

I don't think the ETF is going to be approved at all due to the intense risk and volatilitiy that comes with Bitcoin but if it is approved, I think it's just going to add more volume to the already high amount of trading that occurs in the USD/BTC marketplace.

Pumping 300-1000million dollars is a bit insane of something to say from an ETF that will be new right on the first day of trading. I still don't feel the price will explode and I think people are using this as the false narrative to get more people to buy BTC at the moment.

Price will stay stable, maybe a little pump then dump.

"This is still up in the air.  The SEC has until March 11th to make their final decisions, but speculators have already begun buying bitcoins in anticipation of the fund being approved.  There is also a prediction market on Bitmex.com that lets traders use bitcoin to bet on whether or not the ETF will be approved, so many people are using that instrument as a sentiment indicator.   The SEC has delayed their decision twice already, in order to gather more information for the decision.  However, March 11th is the final deadline for SEC to deny the ETF.  If the fund is not rejected by then, it is expected that investors will be able to trade bitcoin on the NYSE within weeks.   If this occurs, anywhere from $300 million to $1 billion dollars could be injected into the bitcoin marketplace very rapidly, which will send the price surging up to new highs.  For this reason, speculators have already begun buying bitcoin so that they can lock in profits before the SEC makes their final decision."

Source : http://bitcoindaily.org/economic-trends/bitcoin-price-climbing-in-speculation-of-etf-approval/

My questions :
1.) If ETF will not approve bitcoin then NYSE will do it in next weeks? So price will explode anyway? Do I am right?
2.) If ETF will approve bitcoin they will pump 300-1000 milions dollars in bitcoin so price will explode also? Do I am right?
3.) Anything happen price will explode. If I understand everything correctly right?

In first word you will answer say you think ETF will be approved or not.