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.
Anyhow, I think that prices right now may have shot up in anticipation. I don't think that buying or selling with all you got is the best strategy. The markets have matured to the point where they don't particularly care about the ETF being rejected anymore, so prices shouldn't fluctuate that much unless in the unexpected event of an approval. My advice would be to dollar cost average, hold onto your existing coins, and don't panic buy or sell regardless of the outcome.
Topic: Impact of the pending ETF in September? - page 3. (Read 747 times)
If the ETF can pass the audit, the market may turn to a bull market because it can attract more investors to join the market!
Assuming anything from ETF is wasted, if not rejected they are going to delay the SEC decision for the approval of the ETF or for the wish of the short-term traders it is going to be approved but don't expect from it don't depend on your decision to ETF you should buy bitcoin for now while the price is still affordable and profitable better events may be waiting from the future aside from this hyped bitcoin ETF.
That's true we can't depend in ETF approval because we know that we can survive from the start even without that ETF. But we need to face the situation like this SO we have no choice if the market affect because of ETF's approval or not. Let always move forward and don't panic because of any bad news. 
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.
I am also very confident with that. well, most likely the result will be better if the SEC accepts it. well, it could be news that could push up the price of bitcoin at the end of 2018. it could be the price is approaching $ 10000 or higher. Some time in late September is the final deadline for the ETF.. so I've read.
Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan.
1)Hold.
2)Sell then buy back in during 'disappointment/etf delay dip'
3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome?
Cheers.
I am sure that a positive solution to the issue regarding ETF will greatly affect the growth of the price of bitcoin and the rest of the market. Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan.
1)Hold.
2)Sell then buy back in during 'disappointment/etf delay dip'
3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome?
Cheers.
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.
Assuming anything from ETF is wasted, if not rejected they are going to delay the SEC decision for the approval of the ETF or for the wish of the short-term traders it is going to be approved but don't expect from it don't depend on your decision to ETF you should buy bitcoin for now while the price is still affordable and profitable better events may be waiting from the future aside from this hyped bitcoin ETF.
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.
Some time in late September is the final deadline for the ETF.. so I've read.
Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan.
1)Hold.
2)Sell then buy back in during 'disappointment/etf delay dip'
3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome?
Cheers.
Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan.
1)Hold.
2)Sell then buy back in during 'disappointment/etf delay dip'
3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome?
Cheers.
It is a deadline for one of the pending ETFs. It will be same as every time so far. A lot of hype and some price increase and a dump and big disappointing after the set date.
Probably will be rejected and we'll go into the next speculative ETF period for January 2019. I believe the ETF being rejected is already priced in. I mean what fool actually things it will pass?
i don't think that many people think ETF is going to be approved this time which is the main reason for not seeing any rise so far and instead seeing this uncertain stuck period where price doesn't make any meaningful movement.
so rejection being priced in already, makes perfect sense to me.
I really don't get my hopes so high regarding this matter and in my opinion they don't really have plan in this or what so ever so it is a waste of time keeping this up, And I really think we can manage without their approval and cryptocurrency will still continue with or without them, And if their really making alibi in approving this things then that is their lost or they are only making excuses I don't really care especially if they are only against bitcoin and other crypto related things it is up to them that is their choice.
Pending ETF have an impact on bitcoin prices. a few days ago bitcoin prices reached 8500, after ETFs were delayed the price of bitcoin dropped very fast and touched the price of 6200.
Some time in late September is the final deadline for the ETF.. so I've read.
Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan.
1)Hold.
2)Sell then buy back in during 'disappointment/etf delay dip'
3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome?
Cheers.
I think it is better to sell when you had a price for the ETF decision in the near stage later buy it if they denied because it can cause more price fall,but if they said yes then it will be the start of the bull run so keep fund to buy some bitcoins. Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan.
1)Hold.
2)Sell then buy back in during 'disappointment/etf delay dip'
3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome?
Cheers.
On the top of that, the majority isn't aware of any ETF, nor they do know what it is. Here people know about the ETFs but outside and listening to the average person it's another thing. And as mentioned @1Referee people react to the price movement and recently we don't see any huge movement, to be honest.
One things for sure it will create another meltdown for investors and it might again scares weak hands to be honest and market will be again painted in red and that bad news for short-term investors. Hopefully if ETF will be approved or not we will still be able to hold our assets for the sake of bitcoin's ideology and future ahead for crypto currency.
The ETF decision most are interested in, the SolidX/Vaneck one, can be postponed until Feb/March next year. I can't imagine they're going resist the opportunity to prick tease until then. Rejection is in the bag as far as I'm concerned. No one can address the SEC's objections about the overall market being a chaotic beast beyond taming.
Initially, I thought that perhaps we have a chance for SEC to approved it. But the other side of myself see it otherwise. If they really wanted to approve it then there's no need to postponed their decision next month. So I don't think that we can get them to change their mind for disapproval and no amount of reconstructing this proposal will sway their decision on the other side. Market is not resistant to manipulation, we are still very much susceptible and I don't think that we can change it overtime.
The same thing applies about rejection.If they are about to reject bitcoin,why don't they just make the decision,instead of waiting for one more month.Do they need to gather more information about the bitcoin market?I don't think so.They have enough information about the crypto markets.
The ETF decision most are interested in, the SolidX/Vaneck one, can be postponed until Feb/March next year. I can't imagine they're going resist the opportunity to prick tease until then. Rejection is in the bag as far as I'm concerned. No one can address the SEC's objections about the overall market being a chaotic beast beyond taming.
Initially, I thought that perhaps we have a chance for SEC to approved it. But the other side of myself see it otherwise. If they really wanted to approve it then there's no need to postponed their decision next month. So I don't think that we can get them to change their mind for disapproval and no amount of reconstructing this proposal will sway their decision on the other side. Market is not resistant to manipulation, we are still very much susceptible and I don't think that we can change it overtime.
The ETF decision most are interested in, the SolidX/Vaneck one, can be postponed until Feb/March next year. I can't imagine they're going resist the opportunity to prick tease until then. Rejection is in the bag as far as I'm concerned. No one can address the SEC's objections about the overall market being a chaotic beast beyond taming.
The sec should just takes this decision once an for all as this has affected the investors mind several times and we didn't really know what is going to happen in September. If ETF is not approve we should expect investors reaction and likewise if it is adopted.
Will that affect the outcome of cryptocurrency compared last year? If so, if it is approved then what are the possible benefits that we can get from ETF in the crypto market? How would investors react then. Still, I am aiming for the success of bitcoin for the coming months not only in September but throughout the entire year and upcoming years. Probably will be rejected and we'll go into the next speculative ETF period for January 2019. I believe the ETF being rejected is already priced in. I mean what fool actually things it will pass?
That's what I've been wondering. It seems clear as day to me, but all these noobs around here keep asking.
It's actually very simple. Noobs react to the price movement versus that what's being hyped up in the media. Market movers don't think the ETF will come through, they'll just pump the market to make noobs think something will happen, and then unload their coins on these noobs to let the market *likely* settle a new bottom shortly after. Market movers will grab anything as excuse to either pump or dump the market, and the ETF speculation is a perfect tool for that with how hyped up it is.
Life must be great when you have enough financial resources to steer the market to any direction and use Bitmex's leverage to scoop up even more profits.
Jump to: