Is ETF Really Effect the Bitcoin/BTC - page 2.

tedrogers

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Quote from: MarshMagpie on August 01, 2018, 04:23:36 PM

The recent rejection of Winklevoss's ETF has not affected the price in any way. BTC is still standing strong at 8,200$. There will be more hearings for ETF to get approved in the future which will create a lot of expectation and demand among people for sure. BTC will definitely rise then.

And yet only 3 days later were seeing under $7000 USD again. That's a lot wiped off in just a few days, purely because of an emotional response and FUD, and big whales (Tokyo Whales?) selling off huge amounts due the mini bull recently.

blackandwhite89

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ETF enlists the coins to enter into the crypto market. So, they are pretty important for us. Certain rules and guidelines are needed to be followed to get the coins enlisted.

viyumztf

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It's a lot of people talking about ETF recently, which may be a big news for the whole industry, and I think ETF can stimulate market demand in a short time, but if bitcoin wants a longer development and a better price, the community is going to be more aggravating than ETF.

tongkt1992

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Back in 2003 gold ETFs were introduced for the first time. Many of which were physcially backed by the precious metal.

At the time gold was trading for roughly $300 an ounce.

Fast forward a few years and gold hit $1,900 an ounce in 2011.

That is over a 6X increase in just 8 years.

Keep in mind that all of that price appreciation wasn't due to ETFs as there was the whole "Great Recesion" in 2008 that spurred demand significantly as well.

That being said, prices still more than doubled to about $700 from 2003 to 2007, and reached $1000 an ounce just before the Recession and QE really sent prices of commodities skyward post 2009.
There certainly seems to be a correlation between the ETF demand and the price of gold. As the ETF gold demand increased, so did the price.

Pump N Dead

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Quote from: Justindud on July 30, 2018, 04:17:18 AM

Hello...Freinds

There are lots of news are coming up about ETF & Bitcoin. Is Really ETF effect the BTC price?

Yes there is an effect in the price if ETF application will be approved by the US. It is also an indication that they are ready to embrace blockchain technology. The only reason why they delay it is because they still can't control cryptocurrency transactions.

harrybell

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"ETF is the need of the hour for Bitcoin revival. It will bring pension funds and institutional investors and
hopefully see bull run again."

Futurm

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Whether the ETF is approved or not will have some impact on the market.
If the ETF is passed, it will restore confidence in the market and there will be a big increase.
Without ETF, the whole market would lose confidence and there would be a big drop.

jojohamasa

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I think the impact of the ETF will be tangible but not for long
But if the good news comes with this news, prices may reach good levels
The market is controlled by one news
It is considered immature
We are still at first

viewpaker

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With the recent price dumping to $7,500 I think ETF have been a great effect for the price of bitcoin. The delay of hearing of approving bitcoin affects the emotional factors of investor that is why we have seen again the price drop. Bitcoin will recover again if the ETF will be approved and can be a good sign for a bullish market at the end of this year.

Gualloo

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SEC allows Bitcoin ETF. So it will be a great news for Bitcoin. Bitcoin will be much more profitable than before. Bitcoin's ICO will grow. I think ETF will affect Bitcoin prices.

worldofcoins

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Quote from: Greplive on August 02, 2018, 05:05:34 AM

I think it’s really effect on bitcoin. Suppose if SEC approved bitcoin SEC then bitcoin will be more popular and sustainable. And it will be very effective for BTC.

I think so too. ETF would greatly influence the market because it will promote and encourage either the hate or importance of Bitcoin which will really impact the number of users it will have in the future, especially if BTC gets approved.

dothebeats

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Cashback 15%

For me, I see ETF as a big mover in terms of market sentiment and confidence of the people towards an asset class, in this instance bitcoin, and see whether there are solid interests from the higher echelons of the global investment markets to that of a rising asset class. If there is, people would follow suit and try to see their luck by riding the waves. Oftentimes it results in a hype or FOMO by the people on the sidelines, expecting a rapid boom in price when in reality, only a handful of traders are stimulating the price just to make it look like legitimate money from the ETF is already flowing in on the economy. It does help, one for recognition; two for training purposes from institutional investors and; three, traders' confidence on the market.

Juver18

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If SEC allows bitcoin ETF it will remarkable for bitcoin. I think it is a very good sign for bitcoin. Bitcoin is more secure for ever. I think it will affected bitcoin price.

Halwas

newbie

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I think EFT is slightly effective for bitcoin. If it approve people will move positively into it. More investor will invest bitcoin. Bitcoin coin have good project and develop every time so if ETF not approve it will not effect badly but if it approve than it eill create positive impression

Greplive

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I think it’s really effect on bitcoin. Suppose if SEC approved bitcoin SEC then bitcoin will be more popular and sustainable. And it will be very effective for BTC.

Karisma Black

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Quote from: WaterSeal on August 01, 2018, 03:36:04 PM

ETF enlists the coins to enter into the crypto market. So, they are pretty important for us. Certain rules and guidelines are needed to be followed to get the coins enlisted.

What?
No!
Please refrain from posting if you have no idea what you're talking about.

entrepmind23

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Quote from: kingcolex on August 01, 2018, 06:48:47 PM

An etf absolutely increases the value of Bitcoin, the funds have to be held, the Bitcoin has to be held and traditional investors can easily gobble up tons of bitcoin, this leads to demand SKYROCKETING.

Yes, this is what the people is anticipating. This would allow big money to be invested in the cryptocurrency market which in effect would make the price shoot up. If this happens, then it wouldn't only attract the attention of investors but also the ordinary people because this would appear in the news then. Even if there are negative news surrounding it, the people would see a chance of a profit and this would benefit then the early holders of it.

Just look at what happen to gold when there is an ETF. Its price was folded multiple times so there is many people positive about the price reaching $50,000 if ever ETF would be approve. Currently, we can just wait for the decision and accumulate as much as we can and trade as well to have more coins.

ehiozuwa

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ETF will have an impact on the prices of bitcoins since it will actually involve the purchase of bitcoins out of the crypto-market into an alternate market for trade.It will drain cryptos of its bitcoin and thereby create scarcity and price will spike.

inanilujimi

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as far as I know right now it is true that ETF can affect the price of bitcoin. if we look at a volatile market at ETF news. so far BTC has always stood alone for a long time, before the ETF may be the current effect is only temporary and bitcoin lift up even without the ETF though.

KS03

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Hi I'm KS03

Quote from: MarshMagpie on August 01, 2018, 04:23:36 PM

The recent rejection of Winklevoss's ETF has not affected the price in any way. BTC is still standing strong at 8,200$. There will be more hearings for ETF to get approved in the future which will create a lot of expectation and demand among people for sure. BTC will definitely rise then.

You may want to update your stock tickers. BTC is at $7600 at this time. I think this mini sell off is mostly overdone and will be correcting at anytime however with bankers involved who knows.

Topic: Is ETF Really Effect the Bitcoin/BTC - page 2. (Read 483 times)