Topic: ETF's might not be good for Bitcoin (Read 367 times)
I hope you are right. Invesstors should need to be aware of this and prepare for either case I think. And you have discussed a important issue about ETH and its profitability as well as its importance.
It is the most desired thing in the crypto currency market. if it would not help bitcoin or would be bad for bitcoin, the associated team would easily recognize it and would stop it to happen. So I don’t think it will be bad for bitcoin.
I also thought about this topic of ETH. Since I am trying to get more information about this topics so everyone will pay attention about this I hope. Because it is very important for the investors of BTC.
People's expectations about the ETF are decreasing. For starters, the market doesn't cares about the ETF, a demostration of this was a few weeks ago when news about some ETF getting rejected didn't have an effect on the prices (a drop), actually, the btc price shoot up after such news. Second, everyday people are figuring out that we don't need ETF to see a massive grown, we've been more than fine for the past few years where we've had a growth in both prices and adoption.
Finally, the ETF will allow more manipulation from the big whales (the sames that are dumping btc and alts right now), and that's not exactly what we want in exchange of some fresh capital in the cryptosphere. Overall, I wouldn't be surprised if we see a rebound after the upcoming SEC decision regarding the ETF, which will most likely get rejected or delayed.
Finally, the ETF will allow more manipulation from the big whales (the sames that are dumping btc and alts right now), and that's not exactly what we want in exchange of some fresh capital in the cryptosphere. Overall, I wouldn't be surprised if we see a rebound after the upcoming SEC decision regarding the ETF, which will most likely get rejected or delayed.
In the past we have seen that how badly BTC got affected by it and we do not want an encore of that.at least in the short term it should lead to a huge spike in the stability and value of the industry.by then we should realize that ETF isn't the answer for the decentralized coins.
I think if the ETF accepts being part of the crypto world then the market price might soar back in green. currently the price of Bitcoin is decreasing, but is it possible to cause red market prices at this time because ETFs reject Bitcoin.
We know FTF's not be good for bitcoin.I perhaps it was not a problem, but it was only good for short-term not for long-term.we will see a momentous price rise in bitcoin.
Actually we will see appositive impact in the short run that means in the short run the price will rise most probably but the problem is for the long run but obviously bitcoin will implement steps to protect the investors in the long run.
Honestly, we really do need to stop with all the fuss with ETF and how it will be bad for BTC. In the past we have seen that how badly BTC got affected by it and we do not want an encore of that. We need to focus on the coins that are running successfully in the market.
I agree with you. The approval of ETF would be the bad idea for BTC. What worries me more is the counterparty risk issue. ETF can introduce this problem into btc.
ETFs will definitely bring a lot of FOMO to the cryptocurrency industry, at least in the short term it should lead to a huge spike in the stability and value of the industry. Over the long term, it might lead to fewer people directly investing in cryptocurrency, and more in the ETFs hence having a long term detrimental effect.
i am agree with you, ETF's not be good for bitcoin because bitcoin ETF not approve by SEC. if it is approved by SEC then it will affect on bitcoin price. it will be more secure than before.
you are right, ETF's not be good for bitcoin when bitcoin ETF not approve by SEC. if bitcoin ETF are approve then bitcoin price will be high. people are increasing their interest to invest here.
Does not think that it will cause bitcoin prices to rise too much. The current ETF proposal supported by CBOE will not change much as it has a trading size which a small investor cannot afford. It is only for those who can invest thousands of dollars. Only if Bitcoin etf becomes easily accessible to common masses, we will see a significant price rise in bitcoin.
There is a hesitation right now among people. I think ETF thing is the major reason why there is a hesitation. ETF rejection will push the price back to $ 3,000. then buyers will come to buy at the dip.
The truth is that if ETFs without 100% collateral are accepted by the SEC, then we will see price supression for many many years.
The last spike was driven by some bitcoin futures contracts which push the price to the new ATH but now, here it is around $6900-$7000. No wonder why many people want ETF approval so that the price can exceed $20K, simply because they want profits, although the price will fall again.
Nevertheless, SEC rejects the Winklevoss brothers’ ETF application in July, and the van eck/solid x proposal will be decided by the end of this month, probably will be rejected as well. Not an easy task to fulfill the requirement that national securities exchange's rules design to prevent fraudulent and manipulative acts and practices. The thing is, SEC will make the decision whether ETF will be approved or not, whether we like it or not.
I think after the appearance of ETF on Bitcoin, the scope of cryptocurrency will become more adjustable. This is a lot of pluses but in addition to this minuses. Personal verification will become even more important.
Wow, it did cross my mind before, but I thought it was not a problem, but it was good only for short-term and not for long-term. It may seem that we are scarce for bitcoin to rise and give profits that we are sometimes forgetting simple things.
It is too obvious that we are just riding in the palm of their hands we are waiting for ETF to sure approved Cryptocurrency so we can see a surge in the value But they surely make us wait to long, and let us hang into their promise but that's all go to waste, We sure don't need something from them because bitcoin will still continue to increase without them that's for sure, Well it is not good because some people that don't know bitcoin would think that bitcoin is not a good investment and just a fraud because ETF and SEC doesn't really want to approved it.
You gave an important information about ETF. I also thought about this topic. I will get more information on this subject so that I can be careful. I hope that the information you present will be beneficial for us.
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