Topic: How will ETF will affect altcoins if approved? (Read 160 times)
ETF applications if approved will bring a lot of liquidity into the space and it will see the price of BTC skyrocket and without doubt, it will result in a bull run which will in turn affect altcoins as the new entrants into the space will also want to try out other coins in the market
The price of Alts depends on bitcoin. If Bitcoin ETF will be approved, a lot of new investors will support Bitcoin, this may cause the growth of altcoins too.
I do not think ETF will affect other coins. If the growth of Bitcoin begins, the Altcoins will not grow, because investors will see the growth of bitcoin and try to jump into the outgoing train.. Look at the example of last year.
As cryptocurrency market is very sensitive to news as ETF rejected we see the total market cap goes down but there are lots of things to be considered. Oneday a disrupt will come a shut off all FUD news.
If it is approved then the price of the altcoins will start to recover and do well again. With such an approval there will be more trust from people who are not yet investing in the market to put their money in it and with that more money will come to the market which means more demand and with more demand comes more growth.
it might open a new gateway for traditional traders or investor to invest in crypto without much worries.
We all know that the price of the altcoins are affected and determined by the price of bitcoin so if ETF goes through then it will have a positive influence on the price of bitcoin making it go up. When the price of bitcoin goes up, then the price of altcoins will go up too so if etf does go through then it will be good for even the prices of the altcoins.
I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens. I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.
If ETF goes through then we should all expect to see better prices of the coins in the market, because that way there will be more trust for the coins in the market and more people will be coming in. Also if it does go through then we should be expecting to see more instutionalized money coming back into the market as they can now trade in better circumstances.
I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens. I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.
Anything that affects bitcoin is going to affect other coins for sure, because investors usually follows bitcoin and will withdraw from other coins once they notice that bitcoin is falling. But… this is just a joke and nothing is going to happen to Bitcoin if ETF is approved. I’m saying this cause I have seen people say this particular thing before but it never happened. Bitcoin might be affected quite alright, but it would be just for a while and after that it will rise again.
I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens. I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.
Once Bitcoin ETF is approved, it will make the price of bitcoin to go so high and when the price of bitcoin is going high, definitely other altcoins will follow the bitcoin price to go high, so what affects bitcoin price will affect other altcoins price.
ETF might be an altcoin that has good potential as etherium token, neo, eos and others. I agree because with the existence of an update like this the other altcoins will also grow.
in case of ETF approval we will first see a bitcoin price surge. since this was a long awaited rise a lot of people will move their money to invest in bitcoin. that money can partly come from their altcoin investments so as they pull their money out we may see a big drop in altcoin prices and since they have been ready for such drops the down-slide can be severe and huge.
considering in the past during bitcoin price surges like what i described altcoins usually get dumped i think the "drop" speculation is a likely one.
considering in the past during bitcoin price surges like what i described altcoins usually get dumped i think the "drop" speculation is a likely one.
I think ETF will have a huge impact on the entire cryptomarket. Not only for bitcoin, but for all altcoins. It will be a "green light" for the cryptoworld.
because almost all altcoins are related to bitcoin so if it is approved it will have a positive impact on the alt coin and many attract new investors into crypto.
ETF approval simply mean more money pour in cryptos (from big investors), mean bigger market cap of everything, price of bitcoin and altcoins will raise and could be good for the end year bull run.
But is was rejected and you see bitcoin price is going down a bit.
But is was rejected and you see bitcoin price is going down a bit.
I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens. I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.
Application form for ETF was rejected. As you can see, this did not affect the market. The market was ready for such a development. Much more interesting will be to see the reaction of the market when the application for the ETF will be approved.
I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens. I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.
Ok. Let me tell you one way ETF approved will affect all the cryptocurrency generally. Bitcoin ETF approved means confident to mainstream investors and that will allow institutional money to come into the cryptocurrency entirely. Some new investors that cannot afford to buy bitcoin but they will buy altcoin and also investors will diversify the investment. In summary ETF means more money to bitcoin and Altcoin.
As it is, ETF has been denied and my thinking is, ETF might never be approved, cryptocurrency may have to triumph, prosper and be adopted regardless. I believe in capacity of cryptocurrency to cause a revolution. Let's keep our finger cross!
Usually people compare bitcoin ETF with Gold ETF , when the god accepted in ETF it became bullish and set a new record , you can check its diagram , so we expect that same thing happens to bitcoin if it gets accept in ETF , there is ETN too in future but not as important as ETF , Market needs fresh money to get recover and fresh money comes when new people get involve , And etf is a gateway to bring more people in the market and also fresh money!
Breaking news (its literally breaking lol) : Bitcoin ETF has been rejected again!
https://www.google.com.ph/amp/s/cointelegraph.com/news/sec-rejects-9-bitcoin-etf-applications-from-proshares-direxion-and-graniteshares/amp
As we all know if Bitcoin ETF has been approved , it could help boost the market cap. But, unfortunately it has been rejected once again. Let's see how the market would react after this bad news again. Although, this isnt the end of the road for Bitcoin, but maybe it can suffer another price dip ( I hope not ) as the people are too focused on this current implementation.
https://www.google.com.ph/amp/s/cointelegraph.com/news/sec-rejects-9-bitcoin-etf-applications-from-proshares-direxion-and-graniteshares/amp
As we all know if Bitcoin ETF has been approved , it could help boost the market cap. But, unfortunately it has been rejected once again. Let's see how the market would react after this bad news again. Although, this isnt the end of the road for Bitcoin, but maybe it can suffer another price dip ( I hope not ) as the people are too focused on this current implementation.
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