How to approach the next ETF? | Bitcointalksearch.org

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Rude Boy on March 15, 2017, 01:32:02 PM

The ETF mentioned in their default decision is volatile and the most of the bitcoins are held by the few peoples so, it doesn't make any sense to accept the currency/commodity. This will be the beneficial for few peoples. When its come for trading, the majority of the bitcoins are held by bitcoin wallet holders then the rest wallet are can be manipulated to the market.There is expectation, expectation creates changes in the price, even if they are quick, those are great opportunities to speculate because they are predictable in time, we know exactly when

I guess this is their subtle way of telling the Winklevoss bros to fuck off

I didn't see their decision myself (and honestly, I'm not very interested in that either) so I have to take your word for it. It kinda looks that by few people they (the SEC) meant the twins themselves. Apart from Satoshi himself with his 1M bitcoins sitting idly in his wallet for over 7 years already, the Winklevoss seem to come second by the amount of bitcoins held in a single pocket. Thereby, the ones who Bitcoin will be most beneficial to are the brothers themselves, and they have been essentially brushed off by the commission

Rude Boy

hero member

Activity: 770

Merit: 500

The ETF mentioned in their default decision is volatile and the most of the bitcoins are held by the few peoples so, it doesn't make any sense to accept the currency/commodity. This will be the beneficial for few peoples. When its come for trading, the majority of the bitcoins are held by bitcoin wallet holders then the rest wallet are can be manipulated to the market.There is expectation, expectation creates changes in the price, even if they are quick, those are great opportunities to speculate because they are predictable in time, we know exactly when.

joshy23

sr. member

Activity: 1078

Merit: 256

It will highly get rejected for all we know. But this will not affect the price of bitcoin as what we have seen in the Winklevoss twins ETF rejected. There were few dips a long the way, but nevertheless the price did not dip to a low that one has speculate (<$900). So if you have the money, then invest in bitcoin for long term because is looks like a the future exciting as price is continuing to grow exponentially. So for the new ETF, it will just come and pass by and will have little or no impact at all.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: forzendiablo on March 14, 2017, 10:28:41 PM

buy BTC, bet on not coming.

this way you win both ways

Very well suggested,buy bitcoin as much as you can even theres a new or no news price would definitely move on the way it should be and as you said we will surely win on both ways.On upcoming next ETF is a sure rejection afterall just as expected.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

Even the ETF won't come, the price of bitcoin is still good because now its price is increasing. At first, when I heard that the ETF will come on march 14 and during that day the price continue but when that day came the price is going down. I wondering that the price of will continue decreasing because of unapprove ETF upon the price now is increase again.

mrmind

full member

Activity: 168

Merit: 100

Bitcoin Investor

Bitcoin is going high again .

Bitcoin is better then gold now , so ETF and shit does not matter .
For me it is simple supply and demand rules plus the more the price goes high the more the bubble increases and thus Bitcoin would be 1500$ usd soon in some months as now many people are knowing about bitcoin in the real world and are really interested in it .

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: aardvark15 on March 14, 2017, 08:34:39 PM

Apparently the price now is stable with no ETF so I would expect that as long as there is no ETF, the current price is pretty solid. If however, the ETF is approved, then it is likely that the price will increase. So I think any drops now will be due to other factors rather than a result of ETF rejections

Even if this new ETF somehow gets approved (which is highly unlikely), that shouldn't affect prices dramatically. Basically, the ETF decision was a one-off event. Now people see that these ETF's are not relevant altogether (at least, that's what I think). There could some rally in prices, of course, but, on the other hand, such a rally could and most likely will come about even without any ETF decision. In other words, it should work both ways, i.e. just like the price flash crashed on the ETF rejection, it should have spiked on the ETF approval. But since further rejections won't matter a thing, there is a high probability that an ETF approval (if it should happen) won't have any meaningful consequences over long term either

But the chances for approval are really tiny if not outright negligible

forzendiablo

legendary

Activity: 1526

Merit: 1000

the grandpa of cryptos

buy BTC, bet on not coming.

this way you win both ways

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

SEC gave a clear picture for the etf rejection. Once again by 30th if someone else was committed to the same issue we might get the same result. So even without etf bitcoin is quite good in all form as a solid investment to high volume transaction mediator. If it's been approved it serves better that's it.

aardvark15

hero member

Activity: 1008

Merit: 510

Apparently the price now is stable with no ETF so I would expect that as long as there is no ETF, the current price is pretty solid. If however, the ETF is approved, then it is likely that the price will increase. So I think any drops now will be due to other factors rather than a result of ETF rejections.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: manselr on March 13, 2017, 12:26:58 PM

Not really. There is expectation, expectation creates changes in the price, even if they are quick, those are great opportunities to speculate because they are predictable in time, we know exactly when. I think we will see a selloff again, similar to Winklevoss, maybe less extreme.

Of course there's a possibility that nobody gives a fuck and the price stays the same.

anyone who believes there's the slightest chance this etf will pass deserves to lose out on any bets they make. but they won't because the price won't be paying any attention to it. it's over.

it's kind of like the us marshal auctions. the first was the boogeyman for months. the last one barely attracted a single comment.

nelson4lov

hero member

Activity: 2184

Merit: 798

Top Crypto Casino

We shouldn't keeps our hopes too high about Bitcoin's ETF approval by SEC. It's fairly simple, There won't be any ETF for bitcoin although I do expect the speculations to be high. For me, I think there would be any pump in Bitcoin price whether or not Bitcoin gets ETF

JeffBrad12

hero member

Activity: 2898

Merit: 529

Leading Crypto Sports Betting & Casino Platform

Quote from: iqlimasyadiqa on March 14, 2017, 11:27:46 AM

I was not sure that the ETF will be received by the exchange. but the increase in the price of bitcoin today is a natural thing, assuming an increase in high I recommend that do the holding is the right choice today. need a courage in action.

What will it be received by the exchange site? All about ETF are relating to the US securities, and this is about to get the legal permission by us securities. And not exchange site. Everybody are know if holding bitcoin is the best way.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

I was not sure that the ETF will be received by the exchange. but the increase in the price of bitcoin today is a natural thing, assuming an increase in high I recommend that do the holding is the right choice today. need a courage in action.

electronicash

legendary

Activity: 3178

Merit: 1054

its being done before and the lightning cuts the throats of the hopefuls before. never will it be approved and it shouldn't be approved. we're all going ot be doomed. i don't understand why will be ever be into bitcoin again if this will be approved because what will happen next is totally the opposite of decentralization.

mrmind

full member

Activity: 168

Merit: 100

Bitcoin Investor

alts are back Cheesy

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: davis196 on March 13, 2017, 08:35:33 AM

Quote from: manselr on March 12, 2017, 01:22:39 PM

I've seen people already starting to talk about the next ETF in march 30th.

Will you do the same as the last ETF? (wait until the decision is made, then buy more). Will you sell before buying more, or will you use cash you have?

I would like to sell, but im not sure about when to sell, since we saw a mega pump before the actual decision.

The next ETF is going to end like the previous ETF.Bitcoin will be rejected again.
I would sell all my bitcoins at March 29th and start bying at March 31st.This is what i would do,i`m not recommeding this strategy to anyone.I don`t care that much about price peaks and won`t try to squeeze every satoshi as a profit Grin

Lightning never strikes in the same place twice

So what we all witnessed just before the SEC decision on March, 10th may never happen again. Whenever you start to think along these or similar lines, never forget to recall that market always fools the majority of traders in the end. This is basically how a tiny percentage of traders (actually insiders and market manipulators) earn a majority of profits. Personally, I'm inclined to think that the next time nothing is going to happen at all. Primarily because it should be clear to anyone now, even to die-hard optimists that the decision will be absolutely the same

JeffBrad12

hero member

Activity: 2898

Merit: 529

Leading Crypto Sports Betting & Casino Platform

Quote from: OmegaStarScream on March 13, 2017, 04:46:29 AM

The ETF coming in 30th march is SolidX BitTrust one and has nothing to do with the twins ETF. I don't have much about it but I suggest taking a look here https://sldx.com/

Don't forget about the Grayscale. But I think solid is the bitcoin etf backup

target

legendary

Activity: 2282

Merit: 1041

Quote from: richardsNY on March 13, 2017, 12:31:04 PM

It's safe to say that an ETF is something that we should forget about in the coming years. It's clear what the reason is for their rejection, and thus it's next to impossible to see a different ETF come through if the objectives from the SEC don't change. But then again, we don't need ETF's. Till this day everything we have gained was without anything like an ETF, so a future with possibly no ETF's won't change anything in that regard.

This is very true. Just look at what will happen next if they approved BTC. Isn't bitcoin the only they will approved or will they be approving the rest as well which has complex technology such as DASH and ETH? This will put them into a dilemma. SEC is government. I wouldn't expect ETF approval because after all what we have right now is already a success. We've already found our way for the Forex companies to connect to btc.

richardsNY

legendary

Activity: 1232

Merit: 1091

It's safe to say that an ETF is something that we should forget about in the coming years. It's clear what the reason is for their rejection, and thus it's next to impossible to see a different ETF come through if the objectives from the SEC don't change. But then again, we don't need ETF's. Till this day everything we have gained was without anything like an ETF, so a future with possibly no ETF's won't change anything in that regard.

manselr

legendary

Activity: 868

Merit: 1006

Quote from: European Central Bank on March 13, 2017, 08:51:47 AM

we already know what the outcome's gonna be. it's a 100% non event now that's barely worth paying any attention to.

Not really. There is expectation, expectation creates changes in the price, even if they are quick, those are great opportunities to speculate because they are predictable in time, we know exactly when. I think we will see a selloff again, similar to Winklevoss, maybe less extreme.

Of course there's a possibility that nobody gives a fuck and the price stays the same.

Dudeperfect

hero member

Activity: 1190

Merit: 534

One thing should be considered that ETF mentioned in their decision that price is volatile and most of the bitcoins are held by few people so it doesn't make any sense to accept any currency/commodity which will be beneficial for few people (also known as early adopters) when it comes on board for trading. The main point is that majority of the bitcoins are held by top 1,000 bitcoin wallet holders than rest of the wallets and they can manipulate the market.

mobnepal

legendary

Activity: 1218

Merit: 1006

Quote from: manselr on March 12, 2017, 01:22:39 PM

I've seen people already starting to talk about the next ETF in march 30th.

There will be not much buzz about upcoming bitcoin ETF "SolidX" and SEC may reject them too because there will be nothing changed till than. Or SEC may just postpone the date by few months and we may not get any decision about it by end of march.

So don't expect anything similar in market during those time, better hold your bitcoin tightly if you don't know how to make profit on each price swings. Wink

European Central Bank

legendary

Activity: 1288

Merit: 1087

we already know what the outcome's gonna be. it's a 100% non event now that's barely worth paying any attention to.

davis196

hero member

Activity: 3094

Merit: 929

Quote from: manselr on March 12, 2017, 01:22:39 PM

I've seen people already starting to talk about the next ETF in march 30th.

Will you do the same as the last ETF? (wait until the decision is made, then buy more). Will you sell before buying more, or will you use cash you have?

I would like to sell, but im not sure about when to sell, since we saw a mega pump before the actual decision.

The next ETF is going to end like the previous ETF.Bitcoin will be rejected again.
I would sell all my bitcoins at March 29th and start bying at March 31st.This is what i would do,i`m not recommeding this strategy to anyone.I don`t care that much about price peaks and won`t try to squeeze every satoshi as a profit. Grin

Idrisu

sr. member

Activity: 924

Merit: 260

Fundamental analysis traders focused they mind in making trading decision on news and event. For you to trade on news successfully, you must get first hand news and using technical analysis tools like pin bar and hammers to place a trade or close the trade. Relay on event like ETF alone will cost you to lose money as there is alot of panic and pump during those times.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

The ETF coming in 30th march is SolidX BitTrust one and has nothing to do with the twins ETF. I don't have much about it but I suggest taking a look here https://sldx.com/

thesavoyard

sr. member

Activity: 560

Merit: 253

Quote from: manselr on March 12, 2017, 01:22:39 PM

I've seen people already starting to talk about the next ETF in march 30th.

Will you do the same as the last ETF? (wait until the decision is made, then buy more). Will you sell before buying more, or will you use cash you have?

I would like to sell, but im not sure about when to sell, since we saw a mega pump before the actual decision.

The reasons the SEC gave were beyond the control of the ETF managers. That means they cannot amend their applications to satisfy the SEC, the SECrejected BTC, not the Winklevoss proposal. So there is no ETF, it's doubtful that any large amount of speculation will happen, if it does, BTC might spike but it won't be as large.

manselr

legendary

Activity: 868

Merit: 1006

I've seen people already starting to talk about the next ETF in march 30th.

Will you do the same as the last ETF? (wait until the decision is made, then buy more). Will you sell before buying more, or will you use cash you have?

I would like to sell, but im not sure about when to sell, since we saw a mega pump before the actual decision.

Topic: How to approach the next ETF? (Read 1267 times)