Reasons Why Bitcoin ETFs Won’t Be Approved Just Yet

Pursuer

legendary

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Quote from: rosemary4u on November 23, 2018, 07:16:36 AM

The bitcoin ETF and the sec issue has really affected the price of bitcoin on the crypto market. I believe this has contributed negatively to affect how new investors would have wished to join the world of cryptocurrency.

IF the issue with ETF and SEC was a new thing then you might have been right about it. but this is not new at all. how many times they have rejected ETFs? 50 times or so! maybe more. they either postpone it or reject them. in the end nothing has changed about the market (it is still unregulated and volatile) and they continue rejecting them..... and more importantly everyone already knows it. so it is not like it is news to them when they go nuts Cheesy

proTECH77

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Quote from: rosemary4u on November 23, 2018, 07:16:36 AM

The bitcoin ETF and the sec issue has really affected the price of bitcoin on the crypto market. I believe this has contributed negatively to affect how new investors would have wished to join the world of cryptocurrency.

Issues regarding Bitcoin ETF and the SEC has not contributed to the crash we experienced recently, these issues did not crash Bitcoin price from it support zone. The recent crash was as a result of Bitcoin cash hash-rate which totally brought down the price to were we are. Bitcoin ETF will be approved but may not be as quick as we the community needs it, so, lets give hope that in the nearest future Bitcoin ETF will be approve for good.

rosemary4u

jr. member

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The bitcoin ETF and the sec issue has really affected the price of bitcoin on the crypto market. I believe this has contributed negatively to affect how new investors would have wished to join the world of cryptocurrency.

samcrypto

sr. member

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ETF can't hype the market anymore I think, and if this thing happen that SEC approve this already, I have doubt that it can pump the market much. We need a real investors, and not the manipulators if the market recovers hopefully investors will come so we can see the next bull run at a higher price.

bloodyvio

full member

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yes maybe he's right
even copper requires at least three years for ETF approval
bitcoin needs to grow more than now and need more adoption
in fact there are still many people who do not understand and know what bitcoin is
so let's help spread about bitcoin

freebutcaged

hero member

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ETF for Bitcoin is not going to happen ever, they are not going to approve it because they can never know

Who has Bitcoin and who doesn't have Bitcoin mate. yes, maybe Trump says something, congress or any

Other government agencies say that in the future they might approve an ETF, but I don't think they ever

Approve it, you need to know that if they approve an ETF for Bitcoin, they'd welcome anyone to sell and

Trade Bitcoin under the law of the ETF, they would give their money to people they don't know or control?

I don't think so. if they say they are going to approve because they only wish for it to be approved but I

Really think that they will never do it, not any time in the future.

Antinomist

newbie

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It's clear that bitcoin needs more invests from institutions. That is what keeping it from getting ETF. Also it's good to see that he has high hopes for bitcoin.

Angleworm

newbie

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A good point was made regarding copper. It took 3 years just to get copper approved by the ETF. In this case ETFs approval could take years for Bitcoin.

Micronometer

newbie

Activity: 42

Merit: 0

Dan Morehead's comment regarding the topic is very intriguing. He made some points regarding why bitcoin's etf won't be approved like, bitcoin needs much more investor and exposure. By the case he made with copper it looks like bitcoin's etf approval is far awat but still let us stay optimistic.

Jeroiswen

newbie

Activity: 32

Merit: 0

A good point was made regarding copper. It took 3 years just to get copper approved by the ETF. In this case ETFs approval could take years for Bitcoin.

AlexTF.CCN

jr. member

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Reasons Why Bitcoin ETFs Won’t Be Approved Just Yet: https://cryptocoin.news/news/reasons-why-bitcoin-etfs-wont-be-approved-just-yet-20814/

I think Pantera's CEO has a good point there... Didn't know that about the last ETF approved lol

Topic: Reasons Why Bitcoin ETFs Won’t Be Approved Just Yet (Read 230 times)