Experts say BTC ETFs could launch bitcoin to 20k, 40k 60k USD - page 2.

r32godzilla

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Quote from: Kurisuu9 on July 23, 2018, 03:53:33 AM

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.

samycoin

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Well I think ETF can help the bitcoin to increase the price because many investor will be go here in crypto to make a investment I think it will good for all of us because all of us will be get benefits of this.

eaLiTy

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If BTC ETF gets approved, financial institutions will come jumping in and making huge investments, countries and governments will see it as an instrument to increase the GDP of any country. Media exposure will also make people interested who never knew about this which, in turn may see Bitcoin seeing a new high.

As it is evident that Winklevoss Bitcoin ETF is yet again rejected by SEC we still have hopes about the CBOE sponsored ETF and i accept a rally if that is accepted but that does not mean that it will reach these huge valuation in a short period of time, with time we will see these applications accepted but it will take some time, there is no doubt that the price would reach $50k in the future and i am looking for that price in the next five years and not dreaming about it now. Tongue

earnetheasy

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Upon approval of ETF, financial institutions will start making huge investments, governments will see it as an medium of their interest to increase the wealth, of their country. Media exposure will also help further bring more investor, and all will turn out on a upscale for bitcoin.

b3j0

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I do not believe in this kind of thing, even though they are experts but they are not experts in predicting bitcoin prices. no one can predict bitcoin prices.

romani245

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.... Or maybe the rejection of all the ETFs, killing all the hype, could launch Bitcoin to $2K, $4K, $6K! Tongue

Quote from: buwaytress on July 27, 2018, 10:59:06 AM

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.

Quote from: buwaytress on July 27, 2018, 10:59:06 AM

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......

buwaytress

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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? Open a damned Coinbase account if they're in the US, get insurance, and buy their own Bitcoin? I get that some people want to short, but there's already a futures market for that.

Isn't trading on an exchange a far easier process? I get that SEC would regulate these ETFs, is that the real reason? Or what am I missing out on all the hype?

Florina1990

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Hi. I think bitcoin can hit 40k$ this year. Can someone please explain me the ETF, what is and how works?

carlisle1

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Quote from: Kurisuu9 on July 23, 2018, 03:53:33 AM

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?

Theres no doubt that ETF will brimg bitcoin price to the moon or maybe upto universe,but the problem is how big percent that this will be approved?because last year denial is what ETF got so whats the difference now for this to be accepted?

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BTC ETF will lure many big investors in the market who will be there for the profit, which in turn will see a rise in demand for BTC in the market. If investors jump in and grab their shares then there will be scarcity of BTC too, that means demand will surpass the supply by miles, as a result price will skyrocket. That's, my opinion.

Lets pray that this time approval will be given to ETF as this is the only chance of this market to go bull again

1Referee

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Quote from: European Central Bank on July 26, 2018, 08:01:57 PM

the reasons are clear enough and i can't see them changing for any other application any time soon.

They are clear, but don't stare yourself blind on obvious facts.

I think the biggest obstacle for the SEC isn't exactly the ETF itself, because everything is as tightly packed as they want it to be, but more so the timing. I am sure that if the SEC could pull back its futures to launch them on a different date they would have done it. In other words, the least favorable scenario is another bull run to be initiated in the runup to the actual event, because we know what happens when the news pops up. It results in a hostile market afterwards where as always retail investors lose.

The other ETF's are just trash. They shouldn't even be filled if they don't have the backing of a legacy platform wall street actually can build on.

European Central Bank

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Quote from: pooya87 on July 26, 2018, 11:49:02 PM

but then again you see things like this from SEC Commissioner who wants ETF approved
https://www.sec.gov/news/public-statement/peirce-dissent-34-83723

she's a noob though. and noobs take a while to get schooled. i think she has many valid points, especially the one about their duty being investor protection, but equally the SEC could tell her they're protecting people by not rubber stamping their exposure to bitcoin markets.

they're always gonna lean towards the conservative end of things so i reckon they'll wait until many other countries and organisations come up with investor options. it's the legal equivalent of amazon taking BTC. they're gonna let all the weird outliers do the hard work and they'll be the last to get on board.

hatshepsut93

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Quote from: Kurisuu9 on July 23, 2018, 03:53:33 AM

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?

Without timing this speculation is not very useful. Bitcoin is very likely to eventually reach those levels regardless if there will be ETF or not, and if the ETF get approved, it might rise for other reasons. Imagine if ETF will get approved and launched in the next year and the price will reach $40,000 in 2020 - some people would say that it is thanks to ETF, but there will also be the next halvening in 2020, and LN is going to be released soon, so there can be many factors working together. Also, there were similar predictions with futures, and maybe they were the main cause of 20k rally, or maybe they only helped a little, we can't know for sure without proper study.

pooya87

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Quote from: European Central Bank on July 26, 2018, 05:28:50 PM

read through the decision regarding the Winklevoss rejection today https://www.sec.gov/rules/other/2018/34-83723.pdf

the same applies for any ETF. all applications are toast as far as i can tell. no one can route around these fundamental objections in the near future. i would guess an ETF is many years away, if ever. don't forget the first gold ETF took something like 7 years to get approved and that's a breeze in conception compared to this.

that is what i have always thought too. i don't see why SEC would approve of ETF now while they have rejected it before and not much has changed but then again you see things like this from SEC Commissioner who wants ETF approved
https://www.sec.gov/news/public-statement/peirce-dissent-34-83723

puremage111

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Quote from: European Central Bank on July 26, 2018, 05:28:50 PM

read through the decision regarding the Winklevoss rejection today https://www.sec.gov/rules/other/2018/34-83723.pdf

the same applies for any ETF. all applications are toast as far as i can tell. no one can route around these fundamental objections in the near future. i would guess an ETF is many years away, if ever. don't forget the first gold ETF took something like 7 years to get approved and that's a breeze in conception compared to this.

Waoh gold ETF actually took 7 years to get approved? Guess Bitcoin would take longer or shorter as technology advance very rapidly but lets hope for the best!

pitiflin

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Quote from: Kurisuu9 on July 23, 2018, 03:53:33 AM

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?

Man fuck those experts.

The chances of ETF getting approved is lowering by the second. Yeah we can probably see a bull run, if the ETF gets approved. But will it? People are afraid that bitcoin will beat US dollar, and if ETF gets approved, their worries turn from just worries to maybe actual reality. There's a lot going on the US right now, but these ETFs won't be good in a long run if it gets approved. ETFs will fuck the entire sole purpose of bitcoin. That is to eliminate the use of intermediaries. How things change. Cry

European Central Bank

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Quote from: blockman on July 26, 2018, 07:51:10 PM

I have read those news too and I don't know who believe and expect that it's a total FUD, anyway thanks for the link.

uh, where's the FUD?

it's written plain as day in an officially issued SEC document.

the reasons are clear enough and i can't see them changing for any other application any time soon.

blockman

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Quote from: European Central Bank on July 26, 2018, 05:28:50 PM

read through the decision regarding the Winklevoss rejection today https://www.sec.gov/rules/other/2018/34-83723.pdf

the same applies for any ETF. all applications are toast as far as i can tell. no one can route around these fundamental objections in the near future. i would guess an ETF is many years away, if ever. don't forget the first gold ETF took something like 7 years to get approved and that's a breeze in conception compared to this.

I have read those news too and I don't know who believe and expect that it's a total FUD, anyway thanks for the link.

As expected, it's better not to put that much hope on this one if this will be approved it will take a lot of years as you've said. And this is the reason why the market has dropped recently.

figmentofmyass

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Quote from: European Central Bank on July 26, 2018, 05:28:50 PM

read through the decision regarding the Winklevoss rejection today https://www.sec.gov/rules/other/2018/34-83723.pdf

the same applies for any ETF. all applications are toast as far as i can tell. no one can route around these fundamental objections in the near future. i would guess an ETF is many years away, if ever. don't forget the first gold ETF took something like 7 years to get approved and that's a breeze in conception compared to this.

my thoughts exactly.

i'm extremely bearish on ETF applications and their harsh words in this decision seals the deal. how are the vaneck, solidx, etc applications any better regarding things like "market manipulation?" they're not.

it sure sounds like the SEC doesn't want to approve securities tied to unregulated markets dominated by unknown/overseas actors. who would have thought?!?! Tongue

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BTC price road to $80k

Quote from: TravelMug on July 26, 2018, 01:08:33 PM

Oh my, that so called experts again. Everyone can really be called experts at this market because its based on speculation. But I'm no expert but I think the Bitcoin ETF can really push the price so any levels because it will somewhat gain more trust and investors are going to be confident about it. So why not wait till the SEC makes their decision next month and see if those predictions will happen? Everyone is really excited, but I'm sure that if the outcome is not on our favor, we will hear a lot of negative sentiments again.

Its been rejected 2 times according to new article from CNBC and Coindesk and it looks like there's no chance to Approve bitcoin ETF this may result of bitcoin drop soon and the market is starting to collapse again.
According to some article the reasons why the proposal of twins about bitcoin ETF is rejected it's because of Off Shore Manipulation.

However, they can still propose on the 3rd time but we can't sure if it can help the bitcoin to increase more its value.

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Quote from: Kurisuu9 on July 23, 2018, 03:53:33 AM

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!

The biggest problem is: " Financial experts "; why? Because it seems to me that these guys are just optimistic and make very high price forecasts because they bought very low and want to have high profits. Because it is not normal the forecasts that they do, see that presently we have a lot of pressure from governments, there are banks that do not accept to do business with exchange, there are china and india that have become enemies of bitcoin, I do not see much demand coming of many countries except the US, Japan, South Korea. So how can they make prediction so optimistic? oh they talk about institutional money, but forget that to enter institutional money we need governments to implement more flexible regulations

Quote from: Kurisuu9 on July 23, 2018, 03:53:33 AM

What are your opinions?

the biggest calatizador would be if the banks were more understanding and accepted cryptos and the governments implemented favorable regulations for cryptos

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