Topic: So no one cares about ETF decision, right? - page 4. (Read 4312 times)
Apparently no one cares. We're seeing pretty stable climbing numbers now. I would have ht most people had bought on speculation but apparently it wasn't a huge amount of bitcoiners. I'm glad to see it either way!!
We haven't seen any huge downfall (as expected) after the decision of ETF. Do you think that we as bitcoin users have not paid any value to the ETF's decision?
In the case of disapproval, the predictions were floating around below $1,000 mark but we haven't seen any such mark.
Is it too early to speak about it or we have given a message to the world something like this?
Interested in exploring community's opinion about it. Bears must be disappointed because they lost the chance to short for huge points.
In the case of disapproval, the predictions were floating around below $1,000 mark but we haven't seen any such mark.
Is it too early to speak about it or we have given a message to the world something like this?
Interested in exploring community's opinion about it. Bears must be disappointed because they lost the chance to short for huge points.
Well, if we check the past years of BTC, it got to its current price without any ETF involvement. The community just saw the opportunity of making big money out of BTC if ETF got accepted but when it was denied, the community just shrugged it off and continue with their bitcoin "life". The price is slowly increasing after the dump and I'm positive that it will reach the 1200$ price point again in no time. It is not safe to say that "no one cares" but it just proved that BTC is really decentralized and has a very huge community backing it up.
i did care a bit. i don't care if it is selling out a little bit, any way more people can get in with less risk is good.
in terms of market a yes would've made a crazy spike but ultimately would have little effect because there's no direct market exposure.
a no will wipe out a few hopes and some bags will be unloaded but that's about it.
in terms of market a yes would've made a crazy spike but ultimately would have little effect because there's no direct market exposure.
a no will wipe out a few hopes and some bags will be unloaded but that's about it.
We can't know it yet. The decision is so fresh right now. And there isn't anything on the timeline which can pump bitcoin at least till the next halving.
It looks like its recovered well enough from that ETF thingy but it may very well be a major bear trap too.
It looks like its recovered well enough from that ETF thingy but it may very well be a major bear trap too.
I think that you're right.
It's a little early to think about Bitcoin's ETF situation to have a huge impact on the price of Bitcoin because most people are not on the computer 24/7. Big investors may not even know about it until the news about it goes on Mainstream news broadcast stations.
If the price of Bitcoin gets a huge dump then I think that the Bitcoin Markets will have a DDoS attack and the attackers will try to keep the price up as long as possible.
who care about it really? people need to stop to worry about USA decisions, anyway they are not the center of the world lol, in fact bitcoin don't care, if bitcoin is truly decentralized, why it should matter if a centralized thing decide to accept it or not? i think people just dumped on purpose and caused a panic sell, because would not surprise me if this crash has nothing to do with EFT decision
Now the price the same as before the ETF decision.
It definitely looks like it. I mean let's face it here, sometimes we (the community) give things more then what their real value is, If we take OpenBazaar for example, everyone expected that the price will skyrocket and people will dump eBay to use it while none of that happened. The truth is that bitcoin can live without the ETF, I will be surprised that most of the bitcoin users know about the ETF actually (If we exclude bitcointalk members of course).
Provably no one really cares about ETF rejection. Im shock that despite of SEC rejection on ETF. Bitcoin still manage to be stable and not collapse. Ofcourse we see small dump. Thats normal tho. $100 drop is not bad. I thought we are going to fall hard but its not. Bitcoin users seems very loyal these days.
People DO care about the ETF, but its importance in the larger picture is very minimal. Demand is the only real factor that matters for Bitcoin, and as long as the demand keeps increasing, the price will too. The ETF would be a welcome tool that would allow institutional investors to take positions into Bitcoin, so in that regard, everyone saying that it's a non event is basically an......
Scary sheeps are shaken out of the market, that's the good side of the ETF rejection. 
Provably no one really cares about ETF rejection. Im shock that despite of SEC rejection on ETF. Bitcoin still manage to be stable and not collapse. Ofcourse we see small dump. Thats normal tho. $100 drop is not bad. I thought we are going to fall hard but its not. Bitcoin users seems very loyal these days.
I see no sense in caring about the ETF decision when they didn't even care to talk about Bitcoins. I have personally watched Angelo saying that, "We have nothing for Bitcoins, so please stop asking." That is just a bullshit way of dealing with something that is taking over the world with great confidence, and these guys are still into those traditional ways and doesn't seem interested in Bitcoins, but I think they will regret.
I think it wouldn't be right to state that we don't care at all, because if the ETF's decision was positive Bitcoin would double in price as some experts say and I agree with them. But will it fall after the negative decision? I don't think so. Because the recent rising of BTC wasn't caused by expectations of ETF's positive decision.
I saw the comment also in previous post but wanted to reserve my comment the ' he doesnt care about the ETF decision' . If we know how many people who care, the high number of those who care had resulted in the irregular spike and dump of altcoin. ETF is profitable to bitcoin but not now. And the decision to disapprove was in consideration of users like us, who hold a little portion. 
Me not even knowing what is an ETF, as the great majority of people here, this is absolutely normal for me to do not care about this decision.
As a newbie on this matter you would really not care at all but if you do know more knowledge about bitcoin you will surely care on what the community is talking about.You would once care for the price of bitcoin later on. Back to topic,seems like ETF rejection didnt affect bitcoins price at all and its just a like a small scale decrease.
Bitcoin ETF is not a big deal for others because if so, then the price would massively dump to its maximum possible dump but we can see that there is just a small dip to bitcoin price and that is normal. So we can conclude that the bitcoin ETF decision is not a big deal and most of us doesn't care for being approved or rejected.
I think the decision on the ETF is not something that objectively damages bitcoin. It is true that a sudden and exaggerated increase in price was expected if the motion were approved. Who knows if this could also have produced a bubble? The fact is that the denial is not something that, in my opinion, implies damage but should give us back to the situation that occurred just before speculation and perhaps this is what is happening now, although you never know.
It seems that majority of people simply don't bother with this decision. Before that there were some dramatic annoucements how the Bitcoin price will crash big deal but market haven't respond that way which is actualy good. So, nothing important happened and we,are moving on. Just big hustle over nothing.
As people's expectation was not approved by SEC stating few reasons, now once after the rejected statement got revealed the price fell down and soon grew nearing $1100. This makes people not to think of the etf anymore.
Me not even knowing what is an ETF, as the great majority of people here, this is absolutely normal for me to do not care about this decision.
What i find just a bit strange is the fact that many had high hopes regarding the ETF and it was such an important thing and would send us to the moon. Now after the ETF wasn't approved everybody is talking about how unimportant it was anyways. I see no (or not as many as expected) this is the end posts and the price so far seems to stay more or less stable. This is strange to me and it seems like a we can't change the facts, so we change the attitude. But on the other hand Bitcoin is behaving irrational and inconsistent for a while now, so no news there.
I'm just waiting for the next ETF decision to see history repeat itself.
I'm just waiting for the next ETF decision to see history repeat itself.
Many people don't actually know what ETF is and just taking it as a potential positive development for bitcoin. The sudden up and down roller coaster is likely due to the speculators trying for pump-dump scheme.
It's actually an opportunity for a short-trade, but it's over now I suppose. The price is stabilizing at around $1200 again.
It is still too early to feel the effect, but the ETf decision is affecting bitcoin in some point, we have seen a falling down price, but I don't think it is going to affect too much, the trust level for bitcoin is still high, the rejected ETF news also not too being noticed by bitcoin user, so as long as we believe and still used bitcoin then bitcoin will survive and will be on top
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