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Topic: What if Bitcoin ETF is not Approved (Read 764 times)

sr. member
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Rollbit.com
January 10, 2024, 01:28:54 AM
the news about bitcoin ETFs is really interesting news and of course if there is positive and negative news it always affects the price of bitcoin, and of course for people who invest short term in btc then news about bitcoin ETFs is really needed because they can buy at the right time and sell at the right time. But for me personally and as a long-term BTC investor, I don't care about whether the Bitcoin ETF is approved or not because in my opinion, the BTC halving and Bull Run will certainly be enough to make BTC rise and have good potential in the future.

But if the bitcoin ETF is approved, that is something we want because the BTC price has the potential to rise high, but if it is not approved, the BTC price could fall very deeply, but for long-term BTC investors, of course they won't worry and can even take advantage of the decline in BTC prices by buying. btc when btc experiences a price decline.

Yes, it's true that if the Bitcoin ETF is not approved there will be a sudden decline, but we have to be patient and don't panic. The point is, we have to be patient and only sell BTC when we already have a profit. But of course we also have to be able to analyze and have to actively read the news so that we can predict and analyze BTC price movements.
full member
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January 09, 2024, 11:25:56 PM


If the ETF is not approved, there will certainly be a significant dumping across the entire market and I believe growth will stop even if the halving occurs.

I can't really understand that logic. Bitcoin is growing since it was first started in 2009. The bitcoin ETF is supposed to bring new investors into bitcoin that are not able or willing to buy real bitcoins. If however the ETF is not approved we will not see these investors in bitcoin. That will simply mean that everything will be the same and nothing changes. In my opinion we will see a bullish pattern with the ETF and if there is no ETF then there will be the same pattern that we saw before (also bullish).

I created a bit of a misunderstanding, what I mean is that the bitcoin price increase will soon stop if ETFs are rejected even as we are getting closer to halving. In the long term, bitcoin will recover and continue to grow over time as long as demand for it continues to grow steadily.
I know many people on the forum are not interested in ETFs but if we look at the overall picture of the market, we see that the majority of the market is very interested in this news. Therefore, I think if it is not approved, a round of dumping will be inevitable.
legendary
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January 09, 2024, 07:48:58 AM
The time has come and this has been in the headlines for all who are involved in cryptocurrency as a whole.
Many bitcoin spot ETFs have been approved in many other countries, but the US since 2021 has had only future-based ones. Nothing more.

Having a thread on this topic for the past three years goes to show you just how many rinse and repeat moments getting a spot ETF has been for bitcoin.
But here is the latest of those headlines about how it is going so far, with $100ml in liquidations as the bell toll looms ahead on its approval soon as January 10th hits:
https://www.coindesk.com/markets/2024/01/09/bitcoin-etf-approval-expected-soon-bears-lose-100m
jr. member
Activity: 179
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January 09, 2024, 07:43:15 AM
Then it will be approved in the future... It is inevidable Wink
sr. member
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January 09, 2024, 06:24:55 AM
I think if they dont approve a BitcoinETF it shouldn't make people panic or make the price of Bitcoin suddenly drop there will be a news effect after it will gain again. Even though approving a BitcoinETF could bring in more investors and the price go up we should remember that Bitcoin has done well without an ETF in the past. It has shown that it can bounce back and grow on its own.
Bitcoin has shown that it is a good to have and it has done well in the past. Its value doesnt just depend on a BitcoinETF is approved or not.There are other reasons why Bitcoin is valuable like the technology it is built on more and more people and companies using it and more people seeing it as a way to keep their money safe. These things make Bitcoin have a good future.
hero member
Activity: 1022
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Magic
January 09, 2024, 05:46:33 AM


If the ETF is not approved, there will certainly be a significant dumping across the entire market and I believe growth will stop even if the halving occurs.

I can't really understand that logic. Bitcoin is growing since it was first started in 2009. The bitcoin ETF is supposed to bring new investors into bitcoin that are not able or willing to buy real bitcoins. If however the ETF is not approved we will not see these investors in bitcoin. That will simply mean that everything will be the same and nothing changes. In my opinion we will see a bullish pattern with the ETF and if there is no ETF then there will be the same pattern that we saw before (also bullish).
full member
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January 09, 2024, 05:23:59 AM
I think nothing will happen if Bitcoin ETFs don't approve. But there will be some shock in the market and this shock may last for a long time, and may bring the Bitcoin market to a very low point. Anyway, since the Bitcoin market is in good shape right now and the Bitcoin ETF is expected to be approved next month, let's see what's going to happen next.
You said nothing to happen but you assume there will be a shock in the market. What do you mean exactly?  Huh
Sure, there will be something to happen if Bitcoin ETF won't be approved. At least, there will be a drop in the price of Bitcoin temporarily. But it won't last a long time because Bitcoin ETF isn't the only factor to trigger Bitcoin price skyrockets. We have Bitcoin halving in the next few months, it is actually the main factor to trigger Bitcoin for achieving its ATH. So, we shouldn't be so afraid with the news from Bitcoin ETF. I don't think the market will be in a very low point. It is not the end of Bullrun hype if Bitcoin ETF isn't approved!!



If the ETF is not approved, there will certainly be a significant dumping across the entire market and I believe growth will stop even if the halving occurs. While the halving is the biggest catalyst to create a bull season, if you look at the past you can also see that the real bull season will only come 6 months or a year after the halving finished. It doesn't happen immediately, so if the ETF is not approved, dumping is inevitable. Furthermore, expectations for this ETF are very high and if it does not work out as expected, the market will panic.
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God is All
January 08, 2024, 04:02:37 PM
I think nothing will happen if Bitcoin ETFs don't approve. But there will be some shock in the market and this shock may last for a long time, and may bring the Bitcoin market to a very low point. Anyway, since the Bitcoin market is in good shape right now and the Bitcoin ETF is expected to be approved next month, let's see what's going to happen next.
You said nothing to happen but you assume there will be a shock in the market. What do you mean exactly?  Huh
Sure, there will be something to happen if Bitcoin ETF won't be approved. At least, there will be a drop in the price of Bitcoin temporarily. But it won't last a long time because Bitcoin ETF isn't the only factor to trigger Bitcoin price skyrockets. We have Bitcoin halving in the next few months, it is actually the main factor to trigger Bitcoin for achieving its ATH. So, we shouldn't be so afraid with the news from Bitcoin ETF. I don't think the market will be in a very low point. It is not the end of Bullrun hype if Bitcoin ETF isn't approved!!


We all witnessing the hot movement despite the fact that the Bitcoin ETF hasn't been approved and yet Bitcoin is still standing Strong and I am sure that will also be the case if the market continues like this. The high expectations and the much expected price increase due to possible ETF approval is something that every Bitcoin enthusiast have clinged unto and whenever I reads these information or news they all make it sound as if the ETF is the one thing that's pending the price increase of Bitcoin.
sr. member
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January 08, 2024, 03:38:00 PM
I think nothing will happen if Bitcoin ETFs don't approve. But there will be some shock in the market and this shock may last for a long time, and may bring the Bitcoin market to a very low point. Anyway, since the Bitcoin market is in good shape right now and the Bitcoin ETF is expected to be approved next month, let's see what's going to happen next.
You said nothing to happen but you assume there will be a shock in the market. What do you mean exactly?  Huh
Sure, there will be something to happen if Bitcoin ETF won't be approved. At least, there will be a drop in the price of Bitcoin temporarily. But it won't last a long time because Bitcoin ETF isn't the only factor to trigger Bitcoin price skyrockets. We have Bitcoin halving in the next few months, it is actually the main factor to trigger Bitcoin for achieving its ATH. So, we shouldn't be so afraid with the news from Bitcoin ETF. I don't think the market will be in a very low point. It is not the end of Bullrun hype if Bitcoin ETF isn't approved!!

hero member
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January 08, 2024, 01:22:24 PM
What if? The growth of Bitcoin continues, yeah that's right.
I could see that ETF approval is just like a manipulation power of the market as it drags people to invest thinking that this would increase the price of Bitcoin. Yet, they never knew that it was not the only factor affecting the price increase and not only a reason for its continuous adoption but instead, it was because of its function in the crypto space.

If the SEC disapproved ETF, nothing change as people still buy Bitcoin and hold it.
Most probably, because of the hype that if ETF will be approved, there will be a high price increase for bitcoin that could lead to its new all time high, not realizing that bitcoin will do the same even without bitcoin ETF. The problem is it might be delayed, but we still really don’t know what’s the future holds for bitcoin as it still moves mysteriously. One thing is certain, when bitcoin has reached its top price in the previous years, there was no ETF approved that time, so most likely, it’s still highly possible this year or in the following years to come.
jr. member
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January 08, 2024, 12:07:42 PM
The price will dip for a bit, then it'll continue its climb upward regardless.
sr. member
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January 08, 2024, 09:19:03 AM
What if Bitcoin ETF is not Approved

Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in. Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.

When we plan we plan for possible eventuality and please do not consider this negative bias. Wisdom Tree, BlackRock etc. has meet the criterial as said and are waiting for a positive signal. Should we bank on it. The question is still pondering in my mind if it doesn't go as suggested or the approval is denied what then happens?

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.
Non approval of Bitcoin ETF would spark a sudden dump in the price of Bitcoin from fundamental point of view of the market immediately when the news was announced, of course that impact would be momentary, however how far the downward trend would reach is unpredictable after the announcement, however the price recovery is sure because Bitcoin halving is coming up soon thus there is would be a gradual price recovery as we approach the halving this is based on the fact that price history repeat itself in every cycle of Bitcoin halving it is usually accompany and synonymous with high rise in it price.
full member
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January 08, 2024, 08:39:46 AM
This news was 4 days ago: https://cointelegraph.com/news/sec-spot-bitcoin-etf-updates-deadline

If you read the news and what has been happening before that time, you will know that United States SEC will approve bitcoin spot ETF in early 2024.

There is not need to discuss about if it will not be approved or not because it will be approved.
I don't see any reason why they can't delay it. after all they've been doing that for 4 years. Bitcoin ETF is not a new thing. it has been going for 4 years. they have been delaying it over and over every time. this time however the buzz is way more than previous times. maybe this time they get pressurised and finally aprove that..
Otherwise they could delay it again.
BTW it is 2nd week of 2024. they've been concluding meetings with stock exchanges and big companies. but so far there is no final news about approval. don't you think they are intentionially taking too long?
legendary
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January 08, 2024, 07:35:51 AM
It is indeed, a game of patience.
To be honest, the hopes are really high that the bitcoin spot ETF will be approved, but for me, I am honestly not banking on that, atleast, this is a kind of measure for me to avoid being over disappointed just incase the ETF is not approved at the anticipated time or date, which many believe to be 10th of January 2024 (a day after tomorrow being Wednesday).

I am already holding bitcoin in anticipation for the ETF approval, and I also have some usdt in my portfolio just incase the ETF is not approved, I will gladly buy more bitcoin at a cheaper rate in anticipation for a pump during the halving.
jr. member
Activity: 179
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January 08, 2024, 06:39:15 AM
Bitcoin does not need ETF at all...

ETF is a KEY THING for institutions. For Bitcoin? Not at all, It would be just a nice bonus. Smiley
legendary
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January 08, 2024, 06:31:12 AM
I can't believe people are still going on and on and on about ETFs.

What you say is not wrong, without ETF, bitcoin would continue to grow and increase in price over time and that has been proven over the years. But we can't deny the influence ETFs have on bitcoin in the short term, so it's no surprise that many people are still interested in whether ETFs will be approved or not.

ETFs approval would have a positive impact in BTC price on short run, while its disapproval would have an opposite impact, I think we can't avoid that.

But that's my entire point. Why do we care about the short term?

And even the supposed longterm effect of institutional demand has been proven wrong time and time again. Every ETF that was hyped and eventually came, did it really push Bitcoin up? Not even in medium term!

So if most of us are holding and investing, why are we constantly hyping up ETF? It's as useless as McAfee predictions.
hero member
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dont be greedy
January 08, 2024, 03:49:55 AM
The rejection won't hinder the progress of the Bitcoin Halving, which is my current focus point. The disapproval of the ETF is quite understandable, as getting approval for it is indeed a hard challenging process. Therefore, I'm not expecting too much from the ETF, so my expectations won't plummet drastically. Prepare for the worst-case scenario in case the rejection news is announced soon.

But also, pay attention to your moves. Do you want to buy or sell when the market turns bearish? Remember, we'll soon be welcoming the halving, and that's a strong reason why, even if the prices crash, there's at least another reason to hodl or even add to your assets.
hero member
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January 08, 2024, 02:42:34 AM
I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.
If the ETF is not approved I see a dump as well, and to be honest I would be quite happy because it would give me more time to buy more satoshis, unfortunately I wish I had more and I see the price that just keeps going up and up, so a dump for me would be more than welcome. Anyway let's not forget that the ETF approval could also be a sell the news event, so we could have a dump either way.
I like you being optimistic there, while many investors or bitcoin holders fear that if ETF doesn't approve bitcoin, then bitcoin price could experience a great decrease in price, but for us who are seeing this happening as an opportunity, an opportunity to buy more satoshi and to invest more so that after some time when bitcoin price gets back from its price before the fall, then its a profit for us. But still, I don't think that even if the ETF doesn't approve bitcoin, it will affect the bitcoin price too much, because over the years, even without its approvals, bitcoin has shown its potential, kept on increasing in price, and kept on setting a new ATH, so I'm confident that bitcoin will still remain at its current price or remain in its zone of price. Anyway, let's wait for the result. Either way, we investors can benefit from it. If approved, then bitcoin might increase more; if not, then we can bring more bitcoin and wait for the increase in price.
We agree that Bitcoin's strength isnt dependent on ETF approval. Bitcoin has defied financial conventions and shown tenacity. See its history: Bitcoin's value has reached record highs due to its decentralization, limited supply, and active community, not institutional acceptance.

Bitcoin is more than a currency or investment. Its novel approach challenges financial systems. ETF or not, Bitcoin is gaining popularity because it changes how we see and handle money. Decentralization frees it from single entity decisions and policies. The autonomy is a major draw.

Bitcoin always thrive without ETFs. Powerful on its own. Investors and believers in its potential should study its technology and ideology. Knowing the market's fluctuations helps us make smart decisions. Im eager to join Bitcoin's revolutionary finance.
sr. member
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January 07, 2024, 11:42:31 PM
I think nothing will happen if Bitcoin ETFs don't approve. But there will be some shock in the market and this shock may last for a long time, and may bring the Bitcoin market to a very low point. Anyway, since the Bitcoin market is in good shape right now and the Bitcoin ETF is expected to be approved next month, let's see what's going to happen next. Besides, there is no need to be so anxious about this matter, as the time for our half-life is approaching, and it is not too late. When Bitcoin halves, the sire season will already begin in the market and the price of Bitcoin will quickly reach highs, and peak ATH.
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January 07, 2024, 06:07:07 PM
I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.
If the ETF is not approved I see a dump as well, and to be honest I would be quite happy because it would give me more time to buy more satoshis, unfortunately I wish I had more and I see the price that just keeps going up and up, so a dump for me would be more than welcome. Anyway let's not forget that the ETF approval could also be a sell the news event, so we could have a dump either way.
I like you being optimistic there, while many investors or bitcoin holders fear that if ETF doesn't approve bitcoin, then bitcoin price could experience a great decrease in price, but for us who are seeing this happening as an opportunity, an opportunity to buy more satoshi and to invest more so that after some time when bitcoin price gets back from its price before the fall, then its a profit for us. But still, I don't think that even if the ETF doesn't approve bitcoin, it will affect the bitcoin price too much, because over the years, even without its approvals, bitcoin has shown its potential, kept on increasing in price, and kept on setting a new ATH, so I'm confident that bitcoin will still remain at its current price or remain in its zone of price. Anyway, let's wait for the result. Either way, we investors can benefit from it. If approved, then bitcoin might increase more; if not, then we can bring more bitcoin and wait for the increase in price.
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