What are the factors for the return? - page 2.

ranman09

full member

Activity: 756

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Quote from: jay sd on September 10, 2018, 12:06:13 PM

ETF is not an important factor for the crypto market to grow the price of the coins. In last year all the coins went ATH without any ETF approvals. But one thing should happen. People need to see a clear result either approve or reject without any hesitation or delaying. Then the crypto market will start going up again.

I agree though ETF is not needed. People will still need to see lawmakers approving bitcoin. This way they will feel much safer and might have more adoption for bitcoin.

iconoclast

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Matrix Built On An Ethereum Smart Contract

Quote from: Hillthy on September 10, 2018, 11:52:37 AM

What is the next trend for ETF in the 30th september? Whether the community will receive it or another violent response will occur. market value is declining quite fast, market capitalization is constantly decreasing. What are the factors for the return? What are guys thinking?

I don't think the SEC will be approving any ETF's in the near future. I think you are going to have to wait for a change in administration and a new head of SEC before a BTC ETF will get approved. It is rather sad that the future of Bitcoin, the first decentralised cryptocurrency, is dependant on getting approved as a centralised fund. Should it not be the other way around? Centralised assets being tokenised so they can be traded as decentralised tokens. Satoshi Nakamoto would not approve.

NakiRR

member

Activity: 574

Merit: 12

i think that ETF doesn't already matter. There is a lot of other positive news in crypto area except ETF but unfortunately the doesn't work now and i don't really know what grows trigger will be the best and will start up-trend.

BitcoinHodler

hero member

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HODLing is an art, not just a word...

it is possible to see a short term bitcoin price rise because of the ETF speculation and if some sort of hype starts building up. in which case if the rise were fast you can expect more altcoin dumps as traders sell their altcoins to buy bitcoin.
then after the ETF decision is made we may see a correction and possibly a drop down to $6k range in which case you can again expect another big altcoin dump guaranteed.

BitCent Exchange

copper member

Activity: 45

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In my opinion, ETF application by Van Eck & SolidX will not be approved by SEC. However, the rejection will not affect current price as the markets are already expecting this.

SummerHamster

newbie

Activity: 58

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To grow the price of coins in the crypto market ETF is not considered as an important factor. When the crypto market will start to go up again everyone should see a clear result of getting approved or rejected of the coin.

learningcrypto5421

newbie

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I think all of the crypto investors are well aware of the fact that SEC is not going to accept CBOE's ETF proposal. SEC has already mentioned that as long as there's manipulation in the market they are not letting any ETF proposal to pass through their system. But, the speculation in the market has taken such a severe form that it also caused Bitcoin's price to drop 1000$ based on a rumor. So, I am hoping that CBOE's ETF rejection will also have a blow on the market due to speculation.

Eurobot

newbie

Activity: 54

Merit: 0

It will be better for the market and for the people if we do not put so much importance on the ETF's news of being approved or not. If it doesn't make it, then another coin will come and we will move on. The market was running smoothly without it, and it will continue to run its course even if it doesn't get approved.

Fenderr

jr. member

Activity: 293

Merit: 4

I really do not see much chances with the ETF approvals. The core of the SEC's rejection of previous applications is still prevalent, chief of them market manipulation.

crypto-bit456

newbie

Activity: 84

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The chances for ETF getting approved looks slim, because even before it was not approved and this year will make no difference. But we need to see that the ETF does not control the market and we should not let its decision put an influence in the market either

AmazingTiger

newbie

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Most of the people are pretty much sure that ETF is not gonna approve as they have discard it few times. Yes its rejection may affect the market a lot. So, we have take a mental preparation for that.

jay sd

newbie

Activity: 84

Merit: 0

ETF is not an important factor for the crypto market to grow the price of the coins. In last year all the coins went ATH without any ETF approvals. But one thing should happen. People need to see a clear result either approve or reject without any hesitation or delaying. Then the crypto market will start going up again.

anobtc

member

Activity: 1176

Merit: 12

Vietnamese Translator™ https://goo.gl/7inMji

I remember after CBOE last year was passed, BTC's price was decreased. This is better than the ETF has not been approved, waiting for the market to stabilize then the new BTC price can rise again.

Hillthy

newbie

Activity: 229

Merit: 0

What is the next trend for ETF in the 30th september? Whether the community will receive it or another violent response will occur. market value is declining quite fast, market capitalization is constantly decreasing. What are the factors for the return? What are guys thinking?

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