Topic: ETF's might not be good for Bitcoin - page 2. (Read 367 times)
price of btc rises even without ETF so that a good proof that ETF is not really needed at all.
if its approved we got nothing to do with it as regulations are being finalized and btc might just dip to its very bottom. by then we should realize that ETF isn't the answer for the decentralized coins. its best as it is and it should stay that way after all we live without ETF.
I have been reading many BTC holders all over the internet eagerly wanting ETFs to be accepted, thinking Wall Street money will increase the price of BTC to ATH and beyond. 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 only good ETF would be the one the Winklevoss brothers (with 100% collateral) are trying to get accepted by the SEC. The other 10 or so ETF are crap and would hurt BTC's price in the long term, because they will eventually (to put it simple) sell more ETF of BTC than BTC themselves, hence circumventing the 21 million limit BTC and eventually supressing the price. Its how Wall Street works. It happened with Gold and Silver after 2011.
Check the following article from a Wall Street veteran Caitin Long where she explains this with more details:
https://www.forbes.com/sites/caitlinlong/2018/08/21/two-things-that-dont-mix-well-bitcoin-rehypothecation-and-chain-forks/#3c693741e14a
People need to be aware of this and prepare for either case.
Check the following article from a Wall Street veteran Caitin Long where she explains this with more details:
https://www.forbes.com/sites/caitlinlong/2018/08/21/two-things-that-dont-mix-well-bitcoin-rehypothecation-and-chain-forks/#3c693741e14a
People need to be aware of this and prepare for either case.
If the Bitcoin ETF proposal is approved, then people can buy Bitcoin without having to deal with sluggish exchanges that often struggle with complicated regulations and lack of public trust, the impact on the market will significantly influence and potentially lift bitcoin, now just waiting for approval.
The ETF issue and SEC is really becoming like the magic wand that will surely move the price of Bitcoin and the altcoins. But if there is any caution that needs to be observed before the next meeting with SEC, The caution must be observed and settled because if any other severe bearish period fall on the bitcoin market again it will be difficult to overcome it.
I have been reading many BTC holders all over the internet eagerly wanting ETFs to be accepted, thinking Wall Street money will increase the price of BTC to ATH and beyond. 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 only good ETF would be the one the Winklevoss brothers (with 100% collateral) are trying to get accepted by the SEC. The other 10 or so ETF are crap and would hurt BTC's price in the long term, because they will eventually (to put it simple) sell more ETF of BTC than BTC themselves, hence circumventing the 21 million limit BTC and eventually supressing the price. Its how Wall Street works. It happened with Gold and Silver after 2011.
Check the following article from a Wall Street veteran Caitin Long where she explains this with more details:
https://www.forbes.com/sites/caitlinlong/2018/08/21/two-things-that-dont-mix-well-bitcoin-rehypothecation-and-chain-forks/#3c693741e14a
People need to be aware of this and prepare for either case.
Since this became a popular topic around BTC my standpoint didn't change. Bitcoin did not need ETF's to rise in valuation and did not need ETF's to be adopted by more and more people. Check the following article from a Wall Street veteran Caitin Long where she explains this with more details:
https://www.forbes.com/sites/caitlinlong/2018/08/21/two-things-that-dont-mix-well-bitcoin-rehypothecation-and-chain-forks/#3c693741e14a
People need to be aware of this and prepare for either case.
I have been saying the same thing to all. I have also proposed the same in a thread here. Read below,
https://bitcointalksearch.org/topic/proposed-etf-rejected-by-sec-great-news-for-the-market-4941563
Majority of the ETFs waiting for SEC's approval are synthetic ETFs where no physical bitcoins will be traded. Their collateral will be bitcoin futures offered by a third party. These kind of ETFs will do no good to the market as no fresh funds will flow into it.
Like you correctly mentioned, the Winklevoss ETF is the only ETF that can bring fresh funds into the market because they are going to trade in physical bitcoins. Their proposed ETF will be 100% backed by physical bitcoins. So it is the only ETF that can be considered good for the market. But sadly, I don't see much hope from the SEC and I think, it will be rejected as well. SEC won't allow funds from American investors to flow into bitcoin market. I don't see much hope there!
https://bitcointalksearch.org/topic/proposed-etf-rejected-by-sec-great-news-for-the-market-4941563
Majority of the ETFs waiting for SEC's approval are synthetic ETFs where no physical bitcoins will be traded. Their collateral will be bitcoin futures offered by a third party. These kind of ETFs will do no good to the market as no fresh funds will flow into it.
Like you correctly mentioned, the Winklevoss ETF is the only ETF that can bring fresh funds into the market because they are going to trade in physical bitcoins. Their proposed ETF will be 100% backed by physical bitcoins. So it is the only ETF that can be considered good for the market. But sadly, I don't see much hope from the SEC and I think, it will be rejected as well. SEC won't allow funds from American investors to flow into bitcoin market. I don't see much hope there!
You mentioned that we will see the impact on the price of the bitcoin in the long-run that means in the short run we will not see this as except increase in the price. Once it gets permitted then with the passage of time BTC will take steps to avoid such problems in the long-run.
So, nobody cares about this important subject? wow...
I have been reading many BTC holders all over the internet eagerly wanting ETFs to be accepted, thinking Wall Street money will increase the price of BTC to ATH and beyond. 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 only good ETF would be the one the Winklevoss brothers (with 100% collateral) are trying to get accepted by the SEC. The other 10 or so ETF are crap and would hurt BTC's price in the long term, because they will eventually (to put it simple) sell more ETF of BTC than BTC themselves, hence circumventing the 21 million limit BTC and eventually supressing the price. Its how Wall Street works. It happened with Gold and Silver after 2011.
Check the following article from a Wall Street veteran Caitin Long where she explains this with more details:
https://www.forbes.com/sites/caitlinlong/2018/08/21/two-things-that-dont-mix-well-bitcoin-rehypothecation-and-chain-forks/#3c693741e14a
People need to be aware of this and prepare for either case.
Check the following article from a Wall Street veteran Caitin Long where she explains this with more details:
https://www.forbes.com/sites/caitlinlong/2018/08/21/two-things-that-dont-mix-well-bitcoin-rehypothecation-and-chain-forks/#3c693741e14a
People need to be aware of this and prepare for either case.
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