Topic: Experts say BTC ETFs could launch bitcoin to 20k, 40k 60k USD (Read 599 times)
bitcoin etf could hoot the price of bitcoin to the moon, but we may have to wait till January before we see the first approval of any one.
A lot of things can affect the market value of Bitcoin not just an ETF but it seems to be one of the most hotly anticipated or over hyped events
For example the CBOE ETF application received an unexpected amount of support from investors so the interest is definitely there
It's unlikely that an approval would have a negative impact on the price
For example the CBOE ETF application received an unexpected amount of support from investors so the interest is definitely there
It's unlikely that an approval would have a negative impact on the price
it is true if ETF are approved it will make bitcoin faster to reach the top but rejected ETF may also make bitcoin back down,
It is clear from vitalik's statement that etf and mass adoption both were must to progress big. Etf could pave path for the investment from large scale investors, and causes immediate price pumping, while the adoption in the low level common people will cause a gradual rise and this is quite strong and never required for the dependence over etf.
ETF would be the way to call the attention of some people and it will cause the pump then and then the price would be sustainable if those retail investors would join in. For now, it is dipping and maybe it is just getting ready for the incoming run then. We should just always plan our trades and have some target prices so that we can secure profits. We need a catalyst because some people got discourage of the previous bear market and for the people to join in again, they should see the price shoot up and get their trust again.
It is clear from vitalik's statement that etf and mass adoption both were must to progress big. Etf could pave path for the investment from large scale investors, and causes immediate price pumping, while the adoption in the low level common people will cause a gradual rise and this is quite strong and never required for the dependence over etf.
Personally, I think that if ETFs get approved in a bull market, then there is every possibility that we'll see some FOMO buying and soaring prices as a result of that.
I wouldn't really count on that. The higher the price goes up prior to the moment institutions are allowed to buy into it, the less incentive there will be for them to do so.
It's far more profitable for institutions to massively short the market through CBOE in case the price has gone up significantly, let the price fall down as much as they think is necessary, and then buy into the ETF also through CBOE. We have seen what happened last year when the CME futures market went live during a bull run. Whoever they were, they shorted the crap out of Bitcoin and made millions on the way down.
The best scenario is that the ETF market goes live during a neutral market, but how realistic is that with crypto?
Personally, I think that if ETFs get approved in a bull market, then there is every possibility that we'll see some FOMO buying and soaring prices as a result of that.
However, I doubt that it would all of a sudden mean that we'll see a new all time high if the ETF was to be approved during this stretch of bearish market sentiment. Besides, it'll be extremely difficult for any ETF proposals to get approved in the first place based on the precedents set beforehand with the rejection of multiple ETFs.
Honestly, the impact of such approvals are greatly exaggerated. Even if one does get approved, somehow during this bear market, we may see some short term price movements but it wouldn't impact much after the hype is over.
However, I doubt that it would all of a sudden mean that we'll see a new all time high if the ETF was to be approved during this stretch of bearish market sentiment. Besides, it'll be extremely difficult for any ETF proposals to get approved in the first place based on the precedents set beforehand with the rejection of multiple ETFs.
Honestly, the impact of such approvals are greatly exaggerated. Even if one does get approved, somehow during this bear market, we may see some short term price movements but it wouldn't impact much after the hype is over.
I think this will be a good initiative based on this both may do well for future also price will be increase and when this program will be launch then this market will be benefited and we can see more profit from this market.
From my point of view it will happen surely. I think if it will approve investor are feel more interest to invest this market. If they will invest this market the price will surely rise and everyone make profit. I believe it will happen soon.
Yeah exactly, i have also heard those 65000 predictions, i hope they will be realized in next couple of months, that will definitely help me get out of the financial troubles if btc goes over 50k atleast.
ETF is surely going to bring in more investment which can shoot the price. Well, $20k $40k $60k, all are too much an optimism. Bitcoin can cross $k10-$15k short term and $30k mid term that is by year end if ETF launches successfully.
Many experts are also saying that BTC will undergo a huge dump if ETF doesn't happen. We could figure that out by the last time when ETF was in discussion but the disapproval was followed a pretty huge dump.
So, be ready for both scenarios. SEC hasn't provided any signal in that direction. Therefore, everything is under speculation.
Many experts are also saying that BTC will undergo a huge dump if ETF doesn't happen. We could figure that out by the last time when ETF was in discussion but the disapproval was followed a pretty huge dump.
So, be ready for both scenarios. SEC hasn't provided any signal in that direction. Therefore, everything is under speculation.
I think so because of its potentialities. Within a short time bitcoin price will rise upto 60k I think and this is possible. Just focus on your business wait for right time and try to pick the maximus benifit.
All the factors depend on ETF approval now. If ETF gets approved, there will be a new vibe in the BTC market of course. BTC will get bigger investors besides it will probably be the incredible coin in 2018. The market will see a great change in values if ETF gets approved.
Everyone is expecting the same result from etc approval but I think that it will take some more time to get approved and market will be same
From my point of view it is happen obliviously happen. I believe it will approve and many investor invest here in future. The price will go up for sure and investor will make profit. I believe it will happen.
All the factors depend on ETF approval now. If ETF gets approved, there will be a new vibe in the BTC market of course. BTC will get bigger investors besides it will probably be the incredible coin in 2018. The market will see a great change in values if ETF gets approved.
Speculations can come true. Either way BTC is going to be valuable no matter what, those who wait will sow good things.
If it does go up like $40K+ Its good, if not its good still. But I might just move to another place and start my mining farm when the price is going to be $40K. I would have a lot of money to put for my rigs if all things goes well thanks for the ETF approval
.... Or maybe the rejection of all the ETFs, killing all the hype, could launch Bitcoin to $2K, $4K, $6K! 
They can. The mindset of these "ETF dreamers" is irrational. Institutional investors who are serious about investing in Bitcoin need spot BTC + custody, not an ETF. ETFs are for speculative trading, like futures.
It's just empty hype. The futures market makes clear that Wall Street isn't interested in speculating on BTC right now. Launching an ETF doesn't magically make Wall Street "long term BTC investors who want to buy ETF shares", which doesn't even make sense anyway......
One thing I keep on reading about is, how institutional investors will be able to buy Bitcoin straight off the market, but really, even if these ETFs were backed by true Bitcoin (or actual Bitcoin or however they're being marketed), why couldn't these same guys simply just get it from an exchange?
They can. The mindset of these "ETF dreamers" is irrational. Institutional investors who are serious about investing in Bitcoin need spot BTC + custody, not an ETF. ETFs are for speculative trading, like futures.
I get that SEC would regulate these ETFs, is that the real reason? Or what am I missing out on all the hype?
It's just empty hype. The futures market makes clear that Wall Street isn't interested in speculating on BTC right now. Launching an ETF doesn't magically make Wall Street "long term BTC investors who want to buy ETF shares", which doesn't even make sense anyway......
OK, so I'm not the only one who simply can't get around the reasoning and hype around these ETFs. Like you said, the "serious investors" who want Bitcoin would just get it anyway, and then seek protection (custodian as you say, like a Xapo vault or similar or simply private insurance/assurance). Nothing's stopping them from doing it today, if they really wanted to.
And yeah, if they already want to gamble/speculate, then there's futures also and the contracts already up there shows there's interest, but not to the level we're made to think.
Financial experts and theorists say ETFs can have the same if not BIGGER effect on BC price than futures, which can send BTC soaring to 20k and beyond!
Do you guys belief this hype? Will the be the catalyst that sends crypto soaring with institutional money? What are your opinions?
I don't believe just because of ETF bitcoin can soar that up high without supporting good news. We saw that bitcoin can rise freely when Fomo started to hit the market and investors have gain its trust in a bull market. Positive outcome of ETF can make bitcoins up high as 10-12k. IMO. Do you guys belief this hype? Will the be the catalyst that sends crypto soaring with institutional money? What are your opinions?
Financial experts and theorists say ETFs can have the same if not BIGGER effect on BC price than futures, which can send BTC soaring to 20k and beyond!
Do you guys belief this hype? Will the be the catalyst that sends crypto soaring with institutional money? What are your opinions?
Its said that millions of dollars would be poured into bitcoin if ETF gets approved.Even if bitcoin price reaches its previous ATH of 20,000 which was due to bitcoin futures,that would be considered as a great achievement after a long struggle.Do you guys belief this hype? Will the be the catalyst that sends crypto soaring with institutional money? What are your opinions?
maybe in the long run that happens because SEC approving ETF may mean like an approval of bitcoin which can change the minds of many investors and average Joes about bitcoin and put an end to majority of FUDs.
but just because they accept some ETF it doesn't mean millions of dollars is just going to be poured into bitcoin! even the ETF itself has already bought the coins required for it to be traded so that money is already in and people investing in ETF are not investing in bitcoin, they are buying that ETF which won't change bitcoin price at all.
I see no harm in this one. BTC are already doing quite well in the market and their demand is still intact and did not budge from its place at all. Even this will be a hit in the market if launched successfully.
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