Topic: WHAT NEXT FOR BTC - page 5. (Read 1101 times)
In my opinion , i don't have to worry about rejection of the bitcoin ETF by the SEC, bitcoin in the future will have good development without Bitcoin ETF in the crypto world.
I think those next ETF proposals should comply with SEC's requirement. I think they are just doing their job to make this market mature, granting them to be reviewed again is a positive sign that we will have more ETF's to be approve this year. I just hope that their decisions are not influence by big players.
The answer will be the grow and going high. On the latest cryprocurrency market crush the Bitcoin stayed stable and haven't loose and showed all the world it's strength. So the rise will come and the price will catch $9.000 at least by the end of 2018..
Whatever we can see bitcoin again hit for $20000 and recover crypto market. It's my opinion that this is going to happen sooner.
"If the products are ultimately approved, then the largest cryptocurrency by market value, bitcoin, would have likely seen a substantial price increase. For now, however, HODLers will have to sit tight and wait patiently with their coins shivering in cold storage a little longer. (The next major deadline is in September when VanEck and SolidX will have their joint proposal heard, though that deadline can be extended int0 2019.)
In the meantime, though, that isn't quelling speculation about how an ETF would benefit those who hold bitcoin as an investment.
In a post on Medium from June, Ironwood's Michael Strutton teases us some with his perspective on the potential of a bitcoin ETF, "If ETFs add 24 million U.S. investors, and the upward momentum adds 14 million from the rest of the world, then that adds $84 billion and $336 billion, respectively, to the market cap."
Over the past six months, bitcoin's market cap has swung from $326 billion to $110 billion. Adding $420 billion to the market cap could put bitcoin's price range from $26,000 to $44,000."
Regardless of this narrative, I think BTC will be ok even without the SEC acceptance.
In the meantime, though, that isn't quelling speculation about how an ETF would benefit those who hold bitcoin as an investment.
In a post on Medium from June, Ironwood's Michael Strutton teases us some with his perspective on the potential of a bitcoin ETF, "If ETFs add 24 million U.S. investors, and the upward momentum adds 14 million from the rest of the world, then that adds $84 billion and $336 billion, respectively, to the market cap."
Over the past six months, bitcoin's market cap has swung from $326 billion to $110 billion. Adding $420 billion to the market cap could put bitcoin's price range from $26,000 to $44,000."
Regardless of this narrative, I think BTC will be ok even without the SEC acceptance.
Bitcoin is used to going up, down and a few days will go down. Finally the price will be stable and more people will feel comfortable using it as a currency.
and others
and others
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
I'm very surprised that we have not had a sharp sell off after that string of ETF failures. With everything holding steady I'm wondering if we have finally and truly hit rock bottom. I have picked up my buying.
I saw a sharp selloff with most alts in the double digit loss. We would have maybe seen a bigger one but if the prices are already bottomed out there not much more room left to tank...who is selling at these prices is beyond me.
I would lover to think in this manner only and should be positive about the market. Lets just forget about the SEC and all the ETF stuff because that is what that is in between them and their decisions. Neither ETF had any investment into the crypto currency no it is going to affect the prices of bitcoin or even other coins out there. I guess it is pretty simple that if there is just framework of something and no real thing then how can anyone even imagine that it will collapse the whole structure? Just chill, and lets focus on the crypto the way it was and it is.
I was also panicking sometimes, when the market seemed to fall and fall forever. After all I am human and in the current society I do need the money.
But then I've seen that the things are actually not that bad and trying to chill and stay optimistic and also help the others stay optimistic.
We can beat the FUDsters, we really can.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
I'm very surprised that we have not had a sharp sell off after that string of ETF failures. With everything holding steady I'm wondering if we have finally and truly hit rock bottom. I have picked up my buying.
An approval of an ETF would certainly open the door for a bull run, but even without it widespread Bitcoin usage across the world and a variety of industries along with the support of investors will drive the price up. However this will take some time but I'm still confident it will start rise dramatically before the end of the year and really start to surge in the first quarter of next year once more and more big companies start rolling out innovations driven by blockchain technology and using cryptocurrency on a larger scale. Those that have not yet adopted bitcoin will forced in order to avoid being left behind in the wave of innovation.
I would imagine that after the next announcement to reject postpone would not lead to to a mass sell off again. Most people are realizing by now that we look rather into Q1 of 2019 when it comes to the ETF. As someone already pointed out, the odds are high it will be delayed further. I think we still might have a shoot that it gets approved, to meet investors demand and also to mitigate risks by being exposed to several markets, not just one.
This ETF event was not the end goal for Bitcoin, Bitcoin will keep on trucking.
There will be steady growth and adoption along with the usual trading as
always. The OP makes it sound like all hopes and dreams are pinned on ETF.
There will be steady growth and adoption along with the usual trading as
always. The OP makes it sound like all hopes and dreams are pinned on ETF.
The next thing for btc is to wait for the etf being approved and by that we can see 20k usd easy just as that. I guarantee that it will be easy. Just wait til September at the very end.
I think what we are all very anxious to see BTC do, is to reiterate the price spike from last year or to at least head in that direction. Tough, this may be a uneven ride for sure, but we must keep our faith for BTC and our sake too.
I think, we don't have to worry about rejection of the bitcoin ETF by the SEC, bitcoin in the future will have good development without Bitcoin ETF.
even bitcoin reaches a value of 20K and becomes an uptrend without bitcoin ETF.
even bitcoin reaches a value of 20K and becomes an uptrend without bitcoin ETF.
Whether the proposal will be approve or not bitcoin will continue it's journey to give hope and bright future for everyone. The current market will be better soon and bitcoin will increase. Holding is best thing to do right now no matter what happen.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
You know, it's like telling "Omg, HBO will not show anymore Hollywood productions, what's going to happen with Hollywood?"
Bitcoin is fine. As you can see today's rejection didn't even affect the markets as much as the panicking ones expected.
You've got it right, market manipulation is big. But it's big with or without ETF. All in all life goes on, Bitcoin development and adoption goes on, LN testing goes on and we HODL and wait for better days on the market too.
I would lover to think in this manner only and should be positive about the market. Lets just forget about the SEC and all the ETF stuff because that is what that is in between them and their decisions. Neither ETF had any investment into the crypto currency no it is going to affect the prices of bitcoin or even other coins out there. I guess it is pretty simple that if there is just framework of something and no real thing then how can anyone even imagine that it will collapse the whole structure? Just chill, and lets focus on the crypto the way it was and it is.
I think Bitcoin will go to sleep for a little while after so many big drama in recent times. And there probably will not be too many rollercoaster rides until the next wave of breaking news.
At the time of writing, BTC has bounced back above $7,000, so this seems to be a newly established support level after the recently stated $8,000 and $10,000 levels were generally accepted by investors. investors need to be patient as the entire market is in disarray at the moment. Currently the U.S. hosts far more financial technology companies than any other country in the world, but this could change quickly if regulators don't keep up with the latest technological advances.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
That's true, perhaps many people anticipated the same result from ETF but maybe with that knowledge BTC won't crumble like they wish because it seems to be that so far the price if anything has done the contrary.
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