Good picture to explain the ETF situation - page 2.

Kprawn

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Bitcoin's success is in no way connected to the SEC's approval of this ETF. We have seen 1000's of merchants accepting Bitcoin for their products

through payment processors and it's growing by the day. We can have 1 Killer App taking this to the Moon, once enough people have invested

time and energy developing it. The ETF approval will just fast track this journey for people who are into this for the fast profits. Sad

target

legendary

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The thread sounded like ETF won't be approved. If I were to choose "moon Now" is going to be the button, but what could be the reason why some will pick Moon Later?
Its going to be fight so weighing whether to stay or not, I'd be sending half my btc to Dash before the decision is going to be final. Some are already preparing for all these as well they are buying altcoins to store their money. If I can't decide, I'd be buying Tether Grin

xuan87

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I do agree, as long as there are more people believe in bitcoin and keep on using bitcoin then bitcoin will survive and keep on shining in the future, ETF approved or not, we still can make profit from it, so no matter what is the decision, bitcoin will still survive but if it is approved then the price will rise and bitcoin will become more popular

ethereumhunter

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Quote from: cellard on March 09, 2017, 01:42:20 PM

It doesn't matter what happen, in the long term, bitcoin will only go up.

So if the ETF is dennied, this means we get to buy more cheap BTC.

If the ETF is passed, this means we get to enjoy a trip to $3,000+

Also remember that there are more ETF comming. If its not the Winklevoss, someone else will get it.

i like the image and maybe that is what happen now, we waiting for ETF decision, and there are many possibility for the result as many of us want the price is increase. but if its down, i think the price will be down too deep and the good impact is we can buy bitcoin with cheap price like cellard said.

deisik

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Quote from: Kemarit on March 10, 2017, 03:01:04 AM

Quote from: ~Bitcoin~ on March 10, 2017, 01:47:11 AM

It is best to sell half of your bitcoin and hold half on situation like this. If ETF got approved we may see really hard pump but if got denied we can buy more with all those fiat we have after selling half of our bitcoin when price is 1200$+. I have some buy order at around $1000. Grin

Exactly. Just hold of half of it and see how the market goes. Because if the SEC doesn't approved it. We will see the price plummeting at around $900 then that's the time to buy them, hold, till the prices slowly rise again "Buy Low, Sell High". However, if approved then we will see the price rising up to the moon. But whatever happens, I still believe that is it worth investing because the price is slowly rising and its been more stable as compare to the previous years. IMHO

That seems to be unlikely

Bitcoin can of course plummet to 900 dollars per coin (or even below) but surely not because of Bitcoin ETF disapproval. This disapproval is kinda already priced in, and the prices which we see today (1150-1200) may be a new support or bottom if you please. Someone already knows the decision that the SEC is going to take, and they likely already sold their coins earlier in the week, but we didn't go a lot lower, however. So there is no reason to think we would drop way below current levels just because the SEC declines to give its consent to this fund

Mometaskers

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Whatever is in my wallet anyway I can afford to lose so hodler still. Grin

There might be some drop in prices after ETF denial but I don't see any large or prolonged fall considering the price has steadily been increasing without talks of this ETF. And from what small bit of news I read, there are more ETF proposals slated for approval. If I remember correctly there was one that has some sort of insurance for the bitcoins.

Regardless, I'm not getting nervous.

Xester

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Quote from: cellard on March 09, 2017, 01:42:20 PM

It doesn't matter what happen, in the long term, bitcoin will only go up.

So if the ETF is dennied, this means we get to buy more cheap BTC.

If the ETF is passed, this means we get to enjoy a trip to $3,000+

Also remember that there are more ETF comming. If its not the Winklevoss, someone else will get it.

Your pictures though simple but is very helpful to clearly picture out the possible impact of ETF on bitcoin. But as you said and I agree that whatever the decision of the United States Security and Exchange Commission regarding the approval or disapproval of the proposed ETF bitcoin will still grow in value. But it would be very beneficial if ETF will be approved so that bitcoin can really increase in value as its market will increase due to ETF.

VanDeinsberg12

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Quote from: sunsilk on March 10, 2017, 03:23:09 AM

If ETF will be denied, there's no need to see the price of bitcoin dropping. Whether it will be approved or not.

Still we will see the price of bitcoin to keep on increasing, bitcoin is created that way as long as there are new comers that will invest.

And if there are people that will keep on using it, ETF will just make a small difference but of course I want it to be approved. Grin

I guess the approval by SEC is the little part of the bitcoin journey. And i think i don't like the approval caused by it seems like just a business. So more money will flow to the bitcoin and the twin winklevoss will take the advantage by the SEC approval with a lot of the partnership in the future. and they will become billionaire and currently they're millionaire.

Hazir

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Some of my thoughts. We will see if they come true:

1. If not today, ETF will be accepted at some point in the future. It is only a matter of time. Take your time to collect more coins.
2. It is not like markets will crash, majority of traders won't be disappointed by SEC's decision, since experts estimated odds of approval to be less than 30%
3. In case of approval we will see max $1700 BTC, $2000 this year is unlikely to happen.

sunsilk

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If ETF will be denied, there's no need to see the price of bitcoin dropping. Whether it will be approved or not.

Still we will see the price of bitcoin to keep on increasing, bitcoin is created that way as long as there are new comers that will invest.

And if there are people that will keep on using it, ETF will just make a small difference but of course I want it to be approved. Grin

Kemarit

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Quote from: ~Bitcoin~ on March 10, 2017, 01:47:11 AM

It is best to sell half of your bitcoin and hold half on situation like this. If ETF got approved we may see really hard pump but if got denied we can buy more with all those fiat we have after selling half of our bitcoin when price is 1200$+. I have some buy order at around $1000. Grin

Exactly. Just hold of half of it and see how the market goes. Because if the SEC doesn't approved it. We will see the price plummeting at around $900 then that's the time to buy them, hold, till the prices slowly rise again "Buy Low, Sell High". However, if approved then we will see the price rising up to the moon. But whatever happens, I still believe that is it worth investing because the price is slowly rising and its been more stable as compare to the previous years. IMHO.

el kaka22

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Quote from: cellard on March 09, 2017, 01:42:20 PM

Also remember that there are more ETF comming. If its not the Winklevoss, someone else will get it.

No doubts. Again it is matter of time. If Winklevoss will find their success with their applications, there will be more companies will be interested to issue their branded ETFs on bitcoins. We may see $3000 or $5000 levels in coming months in those cases. Or by end of this year. No big differences.

Quote from: ~Bitcoin~ on March 10, 2017, 01:47:11 AM

It is best to sell half of your bitcoin and hold half on situation like this.

What would be the point on the situation of ETF gets approved and only your half of bitcoins in the race ? I have arranging external funds if I will be getting buying opportunities below $950 price levels. Same way I will buy more above $1600 levels.

bamboylee

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Quote from: Idrisu on March 10, 2017, 02:09:01 AM

Quote from: ~Bitcoin~ on March 10, 2017, 01:47:11 AM

It is best to sell half of your bitcoin and hold half on situation like this. If ETF got approved we may see really hard pump but if got denied we can buy more with all those fiat we have after selling half of our bitcoin when price is 1200$+. I have some buy order at around $1000. Grin

how I wish ETF will be Approved by security and exchange commission as that is the only reason why price should pump to over $2000 at this particular time. If it not approved bitcoin price might be push down to $850 as this is a very strong support level. In any way like op said the buy order at the dep will move bitcoin price up again. Goodluck to all of us.

Bitcoin will pump up whether ETF will pass or not. And it will not crash to 850 if it did not get approved. It may drop a bit but not below 1000 level. Our support is already above 1100 for the past month. Look at the charts and it is playing at 1180 to 1190.

Idrisu

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Quote from: ~Bitcoin~ on March 10, 2017, 01:47:11 AM

It is best to sell half of your bitcoin and hold half on situation like this. If ETF got approved we may see really hard pump but if got denied we can buy more with all those fiat we have after selling half of our bitcoin when price is 1200$+. I have some buy order at around $1000. Grin

how I wish ETF will be Approved by security and exchange commission as that is the only reason why price should pump to over $2000 at this particular time. If it not approved bitcoin price might be push down to $850 as this is a very strong support level. In any way like op said the buy order at the dep will move bitcoin price up again. Goodluck to all of us.

~Bitcoin~

legendary

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It is best to sell half of your bitcoin and hold half on situation like this. If ETF got approved we may see really hard pump but if got denied we can buy more with all those fiat we have after selling half of our bitcoin when price is 1200$+. I have some buy order at around $1000. Grin

davis196

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Nice pictures.Are they copyright protected?
This ETF approval looks like a win-win situation, but we have to be carefull.
If this ETF is dennied,perhaps all the future ETFs will deny bitcoin.
Anyway,Bitcoin growth doesn`t have to depend on approvals.BTC will continue to grow with or without those
ETFs.

cellard

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It doesn't matter what happen, in the long term, bitcoin will only go up.

So if the ETF is dennied, this means we get to buy more cheap BTC.

If the ETF is passed, this means we get to enjoy a trip to $3,000+

Also remember that there are more ETF comming. If its not the Winklevoss, someone else will get it.

Topic: Good picture to explain the ETF situation - page 2. (Read 1510 times)