This story with ETF is now going for too long.
It looks like SEC is intented to prolonge their decision as much as possible, for some reason.
Currently that is not doing much harm to Bitcoin but it's not helping it either.
At the end they might not approve ETF but still I.don't think this will impact Bitcoin too much negative, except maybe on a short term. No matter to that I beleive the price will start recovering with the end of the year.
Topic: Impact of the pending ETF in September? - page 2. (Read 747 times)
I doubt it will have any affect if it gets rejected.
We have seen bitcoin ETF's get rejected multiple times so far and none of them really affected the price that much and I think people believe that even discussing bitcoin as a way of making money on regular peoples ETF subjects is a great news for bitcoin even without getting accepted, although if it gets accepted and there is an ETF of bitcoin for everyone to invest with their banks or wherever they will get it, than the price can go up so much that the bull run on December will look small.
Hence, there is really no downside to this, if it gets rejected as always (which I think it will) it won't go down but if it gets accepted the sky is the limit for us.
We have seen bitcoin ETF's get rejected multiple times so far and none of them really affected the price that much and I think people believe that even discussing bitcoin as a way of making money on regular peoples ETF subjects is a great news for bitcoin even without getting accepted, although if it gets accepted and there is an ETF of bitcoin for everyone to invest with their banks or wherever they will get it, than the price can go up so much that the bull run on December will look small.
Hence, there is really no downside to this, if it gets rejected as always (which I think it will) it won't go down but if it gets accepted the sky is the limit for us.
I really don't like to hear this thing. It really affects our market. When one is there and we see the market moving in a positive direction this thing will come and disturb us once again. I really hate this ETF FOMO and then pump/dump. Moreover, the SEC have been having great influence on this market which isn't a good thing. It affects the anonymity and decentralization of crypto.
They will keep delaying indeed, I think they can until March, I don't remember but there was a chart showing how many days they can delay.
Correct. They can officially delay it until March next year, but when a review is granted in March after the "final" rejection, the actual final (hopefully for real this time) decision could be pushed all the way to late 2019. The Winklevoss ETF review took nearly a year IIRC.
I'm pretty sure all these rejections, delays and reviews are tests to see how the market reacts to each and every ETF announcement. Otherwise what would be the benefit of all this trolling? If you up front know that none of the current ETF's will be approved, what's the point of delaying and reviewing decisions?
Perhaps they are trying to get the market to a point where it no longer gives a shit about ETF's, and then suddenly drops the bomb and approve one out of nothing in the next few years.
ETFs can bring more investors to the market, which is inevitable, but I still think that if the ETF fails, then red will appear again in September?
if their is ETF on 30th september 2018 then if the market crashes before some days of ETF, then just think that it got postponed and if the market raises and price goes up then their are more chances of ETF getting approved. If it got approved then you wont get chance to buy in this low as this low will be not seen in future due to ETF getting approved.
I don't think the ETF will be approved, Next time they will continue to reject it and then make a decision to review it again. The market will not be affected by the ETF in the future if it is rejected. And this is a good time for us to buy because prices are now as low as possible
Etf news will definitely show more slowdown of volumes in cryptocurrencies and we can see more dump coming in
if their is ETF on 30th september 2018 then if the market crashes before some days of ETF, then just think that it got postponed and if the market raises and price goes up then their are more chances of ETF getting approved. If it got approved then you wont get chance to buy in this low as this low will be not seen in future due to ETF getting approved.
Whats your thinking around the outcome?
You have two options:
1-) wait on September 30 and if denied, you buy when fall
2-) wait on September 30 and if approved you buy and make a profit.
People are expecting this ETF schedule, but for me we don't need etf in the first place...
There has been much divergence of opinion on this subject
People are expecting this ETF schedule, but for me we don't need etf in the first place, We need Bitcoin what ever it takes bitcoin will remain the same and go up eventually. If ETF really approves bitcoin then there would be a moon soon.
Having said that I still think that they are going to postpone the decision
until February. And then they will probably deny it as everyone expects.
until February. And then they will probably deny it as everyone expects.
I would prefer them to reject it right away next month, but they'll likely continue their idiotic let's delay it strategy just to annoy people here.
Good thing is that the market has almost reached a state at which it will likely stop caring about these ETF's, because when things become too predictable where even the non elite traders know the trick, which they have in the last months, it will no longer work afterwards. I said it before, the upcoming SEC decision is probably the last time we'll be able to short the news before the news comes out.
It's about time the community here moves on and stops focusing on ETF's that don't stand a chance to be approved.
Yes, at this point most people know most ETF's wont get approved anyways and they also know only a few are really important so the rejection of the ''shitty'' ones will certainly not move the market, however the rejection of the big ones will, for sure. They will keep delaying indeed, I think they can until March, I don't remember but there was a chart showing how many days they can delay.
it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
If we have the positive results, the price will rise dramatically.
Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
Yes you should not expect anything from the market, the price will increase or decrease depending on the global situation which affects the mindset of every cryptocurrency investors.
I have a very strong feeling (based on a very limited sample) that the ETF will bring a huge price increase - not just due to speculation, but in real world supply/demand and volume/activity. Supporting data: just in my limited small group of older tech engineers, I would say the handfull of us, alone, will add easily about 1.5 million $ in BTC purchases when the ETF allows for us to invest some of our retirement 401k funds. [I have seen similar posts and observations from other working stiffs.] These funds are locked up for most of the US workers that have company contractual custodial accounts that prevent investment in anything other than SEC approved instruments.
My point is that there is a enormous amount of money just waiting to purchase shares in the BTC ETFs. Couple the large population of aging professionals - their retirement funds - and the the media buzz when the ETFs are approved, and you will have a rush to the market to purchase. IMO the price will increase dramatically.
Having said that I still think that they are going to postpone the decision
until February. And then they will probably deny it as everyone expects.
until February. And then they will probably deny it as everyone expects.
I would prefer them to reject it right away next month, but they'll likely continue their idiotic let's delay it strategy just to annoy people here.
Good thing is that the market has almost reached a state at which it will likely stop caring about these ETF's, because when things become too predictable where even the non elite traders know the trick, which they have in the last months, it will no longer work afterwards. I said it before, the upcoming SEC decision is probably the last time we'll be able to short the news before the news comes out.
It's about time the community here moves on and stops focusing on ETF's that don't stand a chance to be approved.
Don't you think that this ETF is a distraction? How many times will the sit to consider approving the something they refused to approve previously?
Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
Yes you should not expect anything from the market, the price will increase or decrease depending on the global situation which affects the mindset of every cryptocurrency investors.
The current global situation doesn't stand out, no more countries accept or prohibit. People look to the ETF because they want something legitimate, which will attract more participants and prices will increase with popularity.
Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
Yes you should not expect anything from the market, the price will increase or decrease depending on the global situation which affects the mindset of every cryptocurrency investors.
Some may say that live expectation of this ETF kept the price at this level, and that without these speculation price will be close to 6k$ or maybe under that. I think there is an influence on crypto market regarding this, acceptance of physical backed BTC ETF would most likely have led to a significant increase in price, this is still something that can not be ignored.
But still we need to be realistic with this, if SEC is not accept this ETF at the first deadline, chances for further acceptance are even less in each of the following deadlines. However we do not know what what's in the head of SEC commissioners, we may all be surprised by their decision.
But still we need to be realistic with this, if SEC is not accept this ETF at the first deadline, chances for further acceptance are even less in each of the following deadlines. However we do not know what what's in the head of SEC commissioners, we may all be surprised by their decision.
Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
I would not expect anything much either. Like I have always said, people pay so much attention on the ETF approval, but in the real sense, the market will always move as it pleases. Nothing can be discarded though at any point, but it is better if we just forget about all the news going on and focus on what the chart is actually telling us. Considering how the market has not been reacting to news lately that much, I would not pay so much attention to the impact of ETF approval, either pending, or disapproved.it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
Yeah, a lot of people are optimistic about it and I am sure if there is a positive result, that might actually breathe in some fresh air on the market and we can see some more institutional money coming into the market and most of the bigger financial players. Nevertheless, we cannot just state categorically, that this will simply just end the bear market all of a sudden. There are still a lot of factors involved in this case to have brought about the bear market in the first place, and we should not leave them out. I don't really think that there is much prospect of this ETF getting approved in the next month.
We've just seen so many precedents where the details of the proposal are basically very similar, and all of these previous attempts have been denied. There is no apparent reason that can justify why it will all of a sudden get approved this time round.
...
We've just seen so many precedents where the details of the proposal are basically very similar, and all of these previous attempts have been denied. There is no apparent reason that can justify why it will all of a sudden get approved this time round.
...
The ETF decision at the end of September is about a Bitcoin ETF
that is actually backed by Bitcoins and not based on BTC futures or
another Bitcoin derivative. In this regard therefore the corresponding
application is different to all previous Bitcoin ETF applications.
Having said that I still think that they are going to postpone the decision
until February. And then they will probably deny it as everyone expects.
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