What would be effect of denial from ETF - page 2.

szpalata

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Quote from: lordquanta on February 24, 2017, 01:13:17 PM

As per ETFdailynews[1], there are only 35% chances of U.S. Securities and Exchange Commission approving WINKLEVOSS BITCOIN TRUST ETF. Now given situation many are thinking and pumping their money in purchase may find it difficult. Would it trigger bear phase in market.

This is not the first time when ETF has declined bitcoin. This is third time ETF will consider bitcoin. Bettor have put only 35% money on approval by ETF

[1] http://etfdailynews.com/2017/02/21/odds-say-the-winklevoss-bitcoin-etf-has-just-a-36-chance-of-approval/

If Bitcoin survived the previous denials like you're saying then there's no cause for alarm if it doesn't get approved this time around as it wouldn't make any difference and there wouldn't be any Bitcoin crash.

BitFinnese

copper member

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This hype is all about ETF approval. If ever the ETF is denied, the bitcoin bull charge will become Bull trap. A sharp decrease in price will be observed. This is no news. History had shown that whenever there is a negative news about BTC, price will decline and this ETF if denied is certainly fall under Bad News for Bitcoin Speculators.

botany

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Quote from: cpfreeplz on February 25, 2017, 12:40:10 AM

Lol these bullshit numbers of 26% 35% 25% and whatever else are hilarious. They're based on ... what? Random statistics that may not be relevant?
The actual affect if it's declined would be a sharp decline, a correction and we'll stay around the $1000 mark.

They are estimates. Some analysts also estimate the impact that the ETF approval would have on the price and how much of it is factored in the price right now. Then you can back calculate the market's expectation of probability of ETF approval.
$1000 is a very good price, if the ETF is not approved. I feel it might drop a bit more than that.

connexus

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Quote from: bitcoindusts on February 25, 2017, 02:04:52 AM

Quote from: cpfreeplz on February 25, 2017, 12:40:10 AM

Lol these bullshit numbers of 26% 35% 25% and whatever else are hilarious. They're based on ... what? Random statistics that may not be relevant?

The actual affect if it's declined would be a sharp decline, a correction and we'll stay around the $1000 mark.

this is what I am thinking too, since the current increase is all about the hype of the upcoming ETF. Actually, there is no reason for BTC to go up in price since there had been several problem with the transaction confirmation and there is nothing to announce as development of Bitcoin yet. So if ever the ETF is rejected, the next thing that possibly can happen is the decline of Bitcoin price.

Well it's inevitable, since bitcoin price surge in the past weeks up to now is all about ETF hype. It will be the deciding factor whether the price of bitcoin will continue to go up or down.

bitcoindusts

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Quote from: cpfreeplz on February 25, 2017, 12:40:10 AM

Lol these bullshit numbers of 26% 35% 25% and whatever else are hilarious. They're based on ... what? Random statistics that may not be relevant?

The actual affect if it's declined would be a sharp decline, a correction and we'll stay around the $1000 mark.

this is what I am thinking too, since the current increase is all about the hype of the upcoming ETF. Actually, there is no reason for BTC to go up in price since there had been several problem with the transaction confirmation and there is nothing to announce as development of Bitcoin yet. So if ever the ETF is rejected, the next thing that possibly can happen is the decline of Bitcoin price.

cpfreeplz

legendary

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Lol these bullshit numbers of 26% 35% 25% and whatever else are hilarious. They're based on ... what? Random statistics that may not be relevant?

The actual affect if it's declined would be a sharp decline, a correction and we'll stay around the $1000 mark.

NetFreak199

hero member

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I guess the price will go lower the first day when it's already announce that it's denied .but the hype happened really help the price now,although we are not sure until when but we are waiting for good news.

HabBear

hero member

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Merit: 637

Nothing, a minor dip if anything.

The ETF isn't live, therefore it has not significantly impacted the market. There's some anticipation priced in right now but it's not significant.

If the ETF gets denied, take it as a buying opportunity. Bitcoin on discount!

RoommateAgreement

hero member

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Bazinga!

it case it was denied i am sure there will be some dumps, because it has always been like this. we see a small news and the manipulators start their dump to create panic and buy back cheaper coins.

and ETF denial is the best opportunity, and if i can sell in the first couple of minutes then i will sell and if not i will hold because price will jump back up after that and there is no way to come back from selling cheap and left with a higher price to buy back.

asriloni

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Quote from: blockcha1n on February 24, 2017, 09:49:09 PM

It won't be denied.
They have already approved it and that is why the price is going up.

You can give me the reliable source about it, I didn't hear IF SEC already approved bitcoin. This time a lot of the investors are buying the rumour about the SEC approval and it seems like the final hype is on 10 march.

blockcha1n

full member

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It won't be denied.
They have already approved it and that is why the price is going up.
It was all talks with approval team and those Wiklevoss's so to not have a major failure on their hands that could bring major condequences to the American economy.
It is all behind the doors talk but there was a leaked im about it. Just check wall observer thread to see it.
There are too many pages there to go thru to try and find to link to it.
Sorry. Embarrassed

hardtime

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Well at this point I'm more or less expecting a denial of the ETF based on the pure fact of risk for investors based on bitcoins short history. I don't think the ETF denial OR approval will really do much to the price it will just make the volume of trading higher than it is at the moment, more people selling and more people buying will just cause the price to stay where it is.

So, price will stick where it is which will be better for the health of bitcoins growth and adoption.

Myon_Network

newbie

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I don't think Bitcoin crashes if the EFT will not be approved because there is no "new money" (meaning money from outside of the cryptocurrency community) in BTC yet.
Therefore it might lower the price slightly but no crash like on January the 5th.

lordquanta

sr. member

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As per ETFdailynews[1], there are only 35% chances of U.S. Securities and Exchange Commission approving WINKLEVOSS BITCOIN TRUST ETF. Now given situation many are thinking and pumping their money in purchase may find it difficult. Would it trigger bear phase in market.

This is not the first time when ETF has declined bitcoin. This is third time ETF will consider bitcoin. Bettor have put only 35% money on approval by ETF

[1] http://etfdailynews.com/2017/02/21/odds-say-the-winklevoss-bitcoin-etf-has-just-a-36-chance-of-approval/

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