Why does anyone care about BTC ETF? - page 2.

el kaka22

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Quote from: wayaneka on September 13, 2018, 12:14:00 AM

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

A lot of people keep saying this, but the question you should be asking yourself is how ?
Whether it would make the market more mainstream, we do not even know. Whether, there would be more money in the market ? The market simply has been growing on its own over the years without any regulation.

I know it could usher in some growth but we really need to consider the aspect where bitcoin would not at some point get to be what it was meant to be if all these things start panning out. I may be wrong, but I see us doing better in the long run without any ETF approval.

figmentofmyass

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Quote from: darkangel11 on September 13, 2018, 02:11:49 PM

Quote from: jrrsparkles on September 13, 2018, 12:48:59 PM

Quote from: wayaneka on September 13, 2018, 12:14:00 AM

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

ETF will make the price of bitcoin to go higher but it also causes the itcoin to be considered as investment thing rather than decentralized curreny so it can destrot the vision of satoshi so I don't support ETF for the bitcoin.

Not really. Only a physical ETF will. ETFs that don't hold bitcoin and only speculate on its price won't affect it. They will work like futures.

a physical ETF doesn't really affect supply and demand of the underlying market. okay---the trust (or whatever is holding the BTC) needs to be funded with BTC, so that does eat up supply initially. but after the ETF is launched, the trust is locked and no real BTC will ever be bought or sold again. it should just follow the spot market.

also, i'm pretty sure the applicants for physically backed ETFs (winklevoss, solidx) have already funded their trusts. so none of the ETF stuff should really affect supply at all.

Idrisu

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I don't really know why we should care about this ETF. After all ETF will make bitcoin be like stock. The major reason why bitcoin has been dropping is because of this ETF issues and I believe if those behind can forget about it bitcoin price will be going up.

Azima85

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my underatanding is that ETF will get institutions who are interested in the crypto space to actually buy bitcoin instead of just trading its futures for example.

jrrsparkles

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Quote from: darkangel11 on September 13, 2018, 02:11:49 PM

Quote from: jrrsparkles on September 13, 2018, 12:48:59 PM

Quote from: wayaneka on September 13, 2018, 12:14:00 AM

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

ETF will make the price of bitcoin to go higher but it also causes the itcoin to be considered as investment thing rather than decentralized curreny so it can destrot the vision of satoshi so I don't support ETF for the bitcoin.

Not really. Only a physical ETF will. ETFs that don't hold bitcoin and only speculate on its price won't affect it. They will work like futures. Do we need another speculative investment that will allow people to bet on bitcoin without actually trading it? Of course we don't!
Why do people want ETFs? Because they want the bear market to end and we know that a catalyst would end it much sooner.

We need to get out the people who only want to make money from bitcoin,they don't even understand how the decentralization can change the future of ours.THis bear market already trashed some investors who just invested to make money only the long term holders still hoping that the bitcoin is capable of providing more in long term.

f12345

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when an ETF becomes available, the price really increases dramatically, as suddenly that commodity becomes available to a lot more investors and these investors pile on. But, the other side of it, is that there are always these claims that the commodities markets are heavily manipulated and opening up these ETFs only increase the ability of institutional investors to manipulate the prices of commodities

armarsterling7

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Quote from: www.crypago.com on September 11, 2018, 07:15:56 AM

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

Bitcoin ETF does not adversely affect the price of Bitcoin. It makes many investors feel more secure and want more investment. Because ETFs will always be valued over time and it is suitable for many investors who want to invest safely.

shoreno

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anyone ? no im not . not all people care about etf , i dont even know what is that etf they are talking about and what is his role to bitcoin . all i only know is etf start to accept bitcoin , the value of bitcoin will expected to increase to a new level . from that , i think etf is a reputable organization or a kind of bank ( if im not mistaken ) .

Netnox

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The repeated rejections can be very frustrating. But at the same time, I should say that if an ETF was approved, then we could have gained millions of new users. Perhaps that is the reason why the wall-street was so afraid of the ETF and did all it can to block it.

josephdd1

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Quote from: ogabonny on September 13, 2018, 05:15:18 PM

Most persons within the crypto space are interested in the bitcoin ETF approvals because it is believed to be able to bring a flood of new investors to cryptos and as such better price movement

That's very true. Having ETF approval will encourage a more stable price and establish more trust in crypto ultimately leading to more investors and corporations to consider crypto as payment source.

ogabonny

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Most persons within the crypto space are interested in the bitcoin ETF approvals because it is believed to be able to bring a flood of new investors to cryptos and as such better price movement

Thirdspace

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Quote from: www.crypago.com on September 11, 2018, 07:15:56 AM

This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

approval BTC ETF doesn't ruin bitcoin decentralization, it regulates the ETF investment product
people hope that with ETF bitcoin will get more publicity to draw new fresh investor and money
more users and capital into the bitcoin system means more appreciation and pushes price up

Lanatsa

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Quote from: www.crypago.com on September 11, 2018, 07:15:56 AM

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

This is actually the problem of most people where they do forcing to believe that ETF issues do really give big effects or really does matter on what would be the potential movement of the price.For experienced ones they will actually see no value and this cant really dictate on what would be the trend of crypto prices but as we all know that emotion can really be a big factor that can mainly affect crypto market in an instant.

darkangel11

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Quote from: jrrsparkles on September 13, 2018, 12:48:59 PM

Quote from: wayaneka on September 13, 2018, 12:14:00 AM

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

ETF will make the price of bitcoin to go higher but it also causes the itcoin to be considered as investment thing rather than decentralized curreny so it can destrot the vision of satoshi so I don't support ETF for the bitcoin.

Not really. Only a physical ETF will. ETFs that don't hold bitcoin and only speculate on its price won't affect it. They will work like futures. Do we need another speculative investment that will allow people to bet on bitcoin without actually trading it? Of course we don't!
Why do people want ETFs? Because they want the bear market to end and we know that a catalyst would end it much sooner.

mostkey

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Maybe some people who lose money expect more for ETFs to raise prices again now that have not found a bright spot for a long time, I am also a person who does not support ETF fully because we are still comfortable with this, until now the price increase is quite normal because the ETF is not necessary, it all depends on the public trust in cryptocurrency, don't let others intervene to become centralized.

mk4

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Simply mostly because people think an approved ETF would be the "catalyst" for bitcoin to break the bear market trend, though even if an ETF may be approved after some time I don't think the effect on the markets will be as significant as people are expecting. Most people in the cryptocurrency space doesn't care about anything but the profit anyway, hence most people don't care if bitcoin gets heavily regulated as long as the price increases.

Gozie51

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The interest is because the ETF is suppose to cause a price surge upwards. More people will get into investment since that also means regulation as they will believe there is security for their investments but that will armtwist decentralization which is the mean purpose of cryptocurrency.

jrrsparkles

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Quote from: wayaneka on September 13, 2018, 12:14:00 AM

Because Bitcoin ETF will make better for Crypto ecosystem, Bitcoin ETF will make more high demand for Bitcoin itself and also others crypto. We can see price of Gold was increase all the times high after this asset approved by SEC to be apart of ETF. And Bitcoin will do the same thing if Bitcoin ETF to be approved.

ETF will make the price of bitcoin to go higher but it also causes the itcoin to be considered as investment thing rather than decentralized curreny so it can destrot the vision of satoshi so I don't support ETF for the bitcoin.

Kemarit

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Quote from: www.crypago.com on September 11, 2018, 07:15:56 AM

I'm no expert but why does everyone make such a big deal about something that many experts have warned would have a negative impact on the price? It's almost like people need the blessing of "big brother" to feel ok about something. This is supposed to be decentralized people, you want regulations then go invest in stocks. Am I outta line here?

Its because majority thinks that Bitcoin ETF will really bring the needed money to resurrect the market at its current state. They wanted to see bitcoin hits $20,000, all-time-highs, bullish trend but at the end of the day, the effect should be short live and it can really hurt the market in the long run. Just look at what's happening right now, everyone is waiting for the decision before FOMO'ing. But remember the custodian or institutional investors may have control over the market, and that is not good for all of us. Maybe Bitcoin ETF is inevitable, but I have mix emotions about it and to be honest, I think it will just damage the ecosystem.

Furious 7

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Bitcoin is influenced by various policies and issues. this is important because we have seen some issues capable of dropping the price of bitcoin. and conversely, with positive news, bitcoin finds confidence and prices rise. Traders and investors need trust and comfort.

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