What will SEC delay on Spot ETF approval do to Bitcoin's price?

carlfebz2

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Quote from: sana54210 on January 02, 2024, 03:02:04 PM

Quote from: Yaunfitda on January 02, 2024, 08:29:21 AM

Quote from: Synchronice on January 02, 2024, 08:05:36 AM

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

I do not think that they would really fear postponing it, I feel like they feel absolutely no pressure at all and they could just postpone it again just for the lols if they really wanted to to be fair, but they could also postpone it for real reasons as well. Last time it was actually not that bad of a reason, they really wanted a detail about how to secure it if I am not wrong, there was something about securing it that wasn't filled enough and that's why they sent it back and requested more details on it.

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

Doesnt matter whether they would be postponing it out or would really be that approving it but we do have already those rumor about having that multiple approvals for this month or
specifically on Friday.
‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday
https://cointelegraph.com/news/rumor-mill-heats-hopes-spot-bitcoin-etf-approval-tomorrow
or simply this day but it seems there's no news about it.

Somewhat 24 hours hasnt out yet, we might be seeing some last minute announcement but well, just like been said that it doesnt matter much i should say.
Significant effects could be felt out directly on what the decision they would be making. If there would be some delays or rejection then there would be a correction
and if there's that approval then for sure it would really be making out such rise. Somehow it wont be a guarantee because sentiments
like these wont really be that guaranteeing that the price will really be having those movements but lets see on upcoming hours.

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Quote from: sana54210 on January 02, 2024, 03:02:04 PM

Quote from: Yaunfitda on January 02, 2024, 08:29:21 AM

-snip-

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

Yes - the decision is up to the SEC and they could change their stance in no time. So far most users really hope the SEC approves a spot bitcoin ETF this year - they will be very disappointed if the SEC ultimately rejects it and takes time to delay it. Anything is still possible even though many of us are confident the SEC will approve it - but until that's true, it's best to just wait.

sana54210

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Quote from: Yaunfitda on January 02, 2024, 08:29:21 AM

Quote from: Synchronice on January 02, 2024, 08:05:36 AM

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

I do not think that they would really fear postponing it, I feel like they feel absolutely no pressure at all and they could just postpone it again just for the lols if they really wanted to to be fair, but they could also postpone it for real reasons as well. Last time it was actually not that bad of a reason, they really wanted a detail about how to secure it if I am not wrong, there was something about securing it that wasn't filled enough and that's why they sent it back and requested more details on it.

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

Yaunfitda

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Quote from: Synchronice on January 02, 2024, 08:05:36 AM

Quote from: lixer on December 31, 2023, 11:08:21 AM

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur.

Market says otherwise. People bet that SEC will approve Spot ETF, Bitcoin even surpassed 45K USD.

Quote from: Rabata on January 01, 2024, 10:38:49 AM

Bitcoin ETF approval can be within January 7th to10th but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

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Quote from: lixer on December 31, 2023, 11:08:21 AM

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur.

Market says otherwise. People bet that SEC will approve Spot ETF, Bitcoin even surpassed 45K USD.

Quote from: Rabata on January 01, 2024, 10:38:49 AM

Bitcoin ETF approval can be within January 7th to10th but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

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Quote from: kentrolla on November 19, 2023, 07:13:32 AM

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Stop worrying about news events. They are a fleeting phenomenon.

I do not know what any short-term FUD or FOMO news does to the price (nobody does), but I have noticed a lot of people currently complaining about losing out from "selling the news". I mean seriously, when did this garbage become the standard? What happened to HODL?

People who Hodl do not have to worry about the ups and downs, in fact, they should only care about the long term up.

Every bad piece of advice that new coiners follow will leave them missing out and even making losses. Then they start hating on Bitcoin because they could not resist the temptation to take said advice.

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Quote from: Rabata on January 01, 2024, 10:38:49 AM

Quote from: kentrolla on November 19, 2023, 07:13:32 AM

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Bitcoin ETF approval can be within January 7th to10th but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

Until now, there has been no clear announcement or declaration about it, probably it could be moved again (and again). Honestly, I was not hoping for it to get approval. In fact, I don't see it as a reason to help improve the price and stability of the market, I'm even more excited about the halving than this.

Does it fall? I don't think about it because the SEC is not a tool to drive the price of Bitcoin increases and it doesn't matter if we never get approval as the growth of crypto will continue. Just look on the market, it pumps right? and that will simply tell us that even without SEC approval, the bull season is still to come, not fall.

Rabata

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Quote from: kentrolla on November 19, 2023, 07:13:32 AM

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Bitcoin ETF approval can be within January 7th to10th but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

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Regardless on SEC delaying its approval, it will still not stop bitcoin from reaching its all time high. Well, bitcoin price may drop for some time but this is not new to us, since it will certainly recover after a couple of days and then continue to create a significant price increase until it reaches another peak. What we should worry is when bitcoin halving will be delay, because for sure its bull run as well will be compromised.

However, with or without SEC approval, bitcoin price will follow a certain price pattern and that is to create a new all time high no matter what. So I guess this issue does not really worry those bitcoin investors, as they have seen how bitcoin price has plummeted and surge high again once the market turns into a good position.

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Quote from: justdimin on December 30, 2023, 04:09:46 AM

This is the good thing about ETF, when there is a "rejection" which usually is not a rejection but just postpone it to another date and ask for more details, but even at rejection, the price doesn't drop that much and people do not care about it all that much.

However, when it is approval, one day, then it will go up a lot and I mean it will literally skyrocket to moon. This is why I like the talks about it, it looks like it could be something quite good and we should be definitely happy about it one way or another. I think it's clear that we are going to end up with approved one eventually, it may not be that quick, but we will definitely have it eventually and that is going to be a great period without a doubt, we should be proud of that.

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur. There is no real rejection yet that happened, so we can't tell if the price won't really dump. There are other reasons on why a price can skyrocket but definitely the approval of ETF can contribute to that. Not all talks about it are positive, like for example this thread here. It talks about the postponement of the approval of the ETF. You don't look like you are badly affected with it. That's good, and that should be the mindset that we must have, as sometimes they are like a FUD.

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This contrarian prediction by Cryptoquant is causing the contrarian me to become the skeptical me and it is causing me to speculate that bitcoin will not dump below $40k hehehehe.

Happy new year! Uncle Gary might postpone again until March and this might have no negative effect on the market.

Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.

In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at a level that historically precedes a correction.

Source https://www.coindesk.com/markets/2023/12/28/bitcoin-etf-approval-tipped-to-be-sell-the-news-event-cryptoquant/

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Quote from: justdimin on December 30, 2023, 04:09:46 AM

This is the good thing about ETF, when there is a "rejection" which usually is not a rejection but just postpone it to another date and ask for more details, but even at rejection, the price doesn't drop that much and people do not care about it all that much.

However, when it is approval, one day, then it will go up a lot and I mean it will literally skyrocket to moon. This is why I like the talks about it, it looks like it could be something quite good and we should be definitely happy about it one way or another. I think it's clear that we are going to end up with approved one eventually, it may not be that quick, but we will definitely have it eventually and that is going to be a great period without a doubt, we should be proud of that.

Postpone or delay on spot ETF approval have fatal mistake with bitcoin difficult raise to higher price and keep stable on lower price, better have official announcement with ETF approval or reject will make bitcoin get little correction if reject before going to the higher price. I think have drama its not about ETF get approval or not but some community try to give more delay and get benefit with bitcoin keep in lower price.
Actually not much problem if ETF reject with bitcoin and get little correction only due the investor have ready for next halving time left few months later and ETF with decision postpone or delay will give opportunity with bitcoin stuck and difficult raise to higher price or keep going down.

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Quote from: lionheart78 on December 29, 2023, 02:56:46 PM

I do not think the spot ETF approval/rejection won't trigger mass selling. Since you already stated that ETF delay has no impact on the price of BTC, what would be the impact of rejecting spot ETF making holders mass sell? Dince there had been no changes if SEC rejected Spot ETF. On the contrary, if Spot ETF is approved, there might be a huge boost to the Bitcoin market. We might see the price balloon to some extent.

About the delaying tactics of SEC, I don't think it is that effective anymore since there have been many delays the people are used to it. So I believe that the price will not react crazy if Spot ETF approval is delayed again.

This is the good thing about ETF, when there is a "rejection" which usually is not a rejection but just postpone it to another date and ask for more details, but even at rejection, the price doesn't drop that much and people do not care about it all that much.

However, when it is approval, one day, then it will go up a lot and I mean it will literally skyrocket to moon. This is why I like the talks about it, it looks like it could be something quite good and we should be definitely happy about it one way or another. I think it's clear that we are going to end up with approved one eventually, it may not be that quick, but we will definitely have it eventually and that is going to be a great period without a doubt, we should be proud of that.

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Quote from: kentrolla on December 29, 2023, 08:09:40 AM

Yes, regardless of the outcome we should be prepared for our next move but the more it's delayed it would be actually better for Bitcoin as we won't see mass selling and moreover the new about delay has not had any impact on price of Bitcoin and I think there would only be two outcome. 1) Dump in price : We need to use this period to accumulate more Bitcoins to sell at peak, 2) Pump in price: Ensure we don't invest during peak and make use of Bitcoin we are hodling.

My perspective has changed looking at the current market trend and I think this will not have any major impact now.

I do not think the spot ETF approval/rejection won't trigger mass selling. Since you already stated that ETF delay has no impact on the price of BTC, what would be the impact of rejecting spot ETF making holders mass sell? Dince there had been no changes if SEC rejected Spot ETF. On the contrary, if Spot ETF is approved, there might be a huge boost to the Bitcoin market. We might see the price balloon to some extent.

About the delaying tactics of SEC, I don't think it is that effective anymore since there have been many delays the people are used to it. So I believe that the price will not react crazy if Spot ETF approval is delayed again.

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Quote from: YUriy1991 on December 27, 2023, 05:43:31 AM

Quote from: Dave1 on December 27, 2023, 05:09:09 AM

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

Bitcoin is already in the mainstream of the financial market, look around you and tell me how many assets are being traded like Bitcoin. Is it individuals, corporates, groups, associates or name it, they are involved in Bitcoin one way or another, and you hardly see a broker not listing Bitcoin, not to talk of the worth of Bitcoin's daily trading volume. You will hardly see any asset so popular and appreciated like that, not to mention people dealing with them like Bitcoin. The ETF is just for companies to start handling Bitcoin's asset management for people, nothing special in that, it is people who take it that far. And you know what people lay so much importance upon will always have impacts on the market, that is why we see Bitcoin moving so much higher during the ETC headlines this year. Let's see how it goes, but the approval will be so good as it will fulfil the hope of people, nevertheless, the rejection will be so devastating as it will disappoint the hope of people.

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Quote from: kentrolla on November 19, 2023, 07:13:32 AM

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Someone, I believe, is behind the SEC's decision. And I'm sure most of us are aware of it. This kind of stuff is no longer new to us, they mostly make an update when the price is in the consolidation state, they use it to dictate the price where it should go. Probably the price will stay in this weekly supply zone which is around $44k to $48k, and when the SEC's decision is positive, there will be huge pump of the price and would break the $48k price, and might continue send the price higher. That time, the retracement we expect at $31k is no longer possible to happen because the sellers are no longer willing to sell.

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Yes, regardless of the outcome we should be prepared for our next move but the more it's delayed it would be actually better for Bitcoin as we won't see mass selling and moreover the new about delay has not had any impact on price of Bitcoin and I think there would only be two outcome. 1) Dump in price : We need to use this period to accumulate more Bitcoins to sell at peak, 2) Pump in price: Ensure we don't invest during peak and make use of Bitcoin we are hodling.

My perspective has changed looking at the current market trend and I think this will not have any major impact now.

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Quote from: benalexis12 on December 27, 2023, 07:52:29 PM

Quote from: YUriy1991 on December 27, 2023, 05:43:31 AM

Quote from: Dave1 on December 27, 2023, 05:09:09 AM

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

This upcoming January 10th is another main event that will definitely raise the market again, whether the SEC delays the bitcoin spot ETF or not. Whether the rise will continue or not?

Questions that most people in the crypto space are looking forward to. And in the event of the delaying tactics that they often use, for sure there can be a breakout of the market to have a liquidation in a few weeks, which will be a movement in its market price value and then another cycle of the position in terms of price in the market.

We might have missed the next scheduled date for approval. Ark Invest is on January 10. Blackrock is on January 15. However, Hashdex and Franklin have their scheduled date on January 1. Was the dump that we have already witnessed the dump in anticipation for another postponement from uncle Gary?

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Quote from: Franctoshi on December 27, 2023, 03:25:10 PM

Quote from: kentrolla on November 19, 2023, 07:13:32 AM

People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

People are taking their positions in the market because of two events, One is the category of investors that aimed at profiting from Bitcoin ETF should it get approved, whereas the other set of investors are those that invested because of Bitcoin Halving that will take place come 2024, in case Bitcoin spot ETF did not get approved by the SEC at the end of the day, I kind of think that the set of investors that probably may think of to sell their Bitcoin are those that invested because of the Bitcoin Spot ETF, and the impact will not be felt much because it will be immediately get absorbed by the second event, Halving.

There will be drama for sure if SEC didn't approve the ETF, but sure enough that Bitcoin can survive that panic as we are still heading into a halving which for me is the main event for next year. Many are already taking their big decision when it comes to investing with Bitcoin today and it's not too late yet to analyze and know when to buy because the price is still cheap. SEC approval of ETF will always take time and this is how the government works, they need more time to manipulate things.

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Many online news already said that the SEC is expected to decide on whether a Spot Bitcoin ETF will get accepted or will get rejected. Either or, that decision will have a huge impact on the market... or just only a few. Cheesy

The impact will either be a positive or a negative one. It will depend.

If it is a positive one then we might see Bitcoin's price go up even more, and with Bitcoin halving in a few months, I guess the sentiments of the market will be bullish thus, people will go and accumulate Bitcoin pushing its price even higher. On the other hand, the SEC rejecting the Spot Bitcoin ETF will affect the price, and it will for sure push the price down. How low it will be? I don't know, but maybe a 5% decline for a day Bitcoin would be too low for me, and I will not be surprised if we see the market going down by double-digit percentage in a single day again, but the effect will be temporary, and at the end of the day, it will go up again.

Let's just wait for the decision of the SEC next month.

I just hope that we are all ready for whatever will happen. We will enter the year with either happiness or sadness. Cheesy

Topic: What will SEC delay on Spot ETF approval do to Bitcoin's price? (Read 402 times)