Why does anyone care about BTC ETF? - page 3.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

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.

I agree with the op more than with this. ETF is bad for ecosystem. Probably not as bad as bitcoin futures that blindly manipulate the price without caring much about the real one. The price could have increases if btc was approved, sure, but it would contribute to the general trend of trading cryptocurrencies instead of using them. People are starting to forget the initial ideas. Fiat has problems, cryptos solve them and give freedom. We should do our best to make sure crypto payments are accepted more and more. The obvious demand should appear and this will stimulate businesses to accept cryptos. As people are more concentrated on trading than on using, we are moving further from the main point.
But ETF could also be a bad thing for hodlers as well, because the price would've got hyped fast and big time by newbies once again, which would inevitable lead to another crash once some big countries start to regulate cryptos and set some limitations or something.

taiwww

sr. member

Activity: 588

Merit: 257

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?

To be honest very few of them really care about the ETF stuff. Some of them are even lazy enough to know about it and this all takes me to one conclusion mostly they just want that thing to be over with so that the current situation of the crypto currency where ups and downs are getting to volatile will be over soon. This is important for them because they just want the crypto to be paying with their investment because of the ETF and SEC stuff, its making the crypto go fluctuate a lot. For me ETF is important because it can really take the bitcoin to next level and thus waiting for it come with at least single approval.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Because ETF are easiet way to invest in any asset. Imagine investing in bitcoin without risk of exchange beeing hack or you beeing hacked. You will be able to buy this ETF from any broker (even not crypto broker) and found will buy and store your btc. It will make lots of investors scared of storing crypto by themselve jump into crypto world. It will also show BTC to new investors. Imagine having in your broker porfolio Oil, gold, silver, s&p500, ETF next to BTC ETF. It will open many dors for BTC.

Investing in bitcoin will be dozen times easier and safer. Thats why everyone is waiting on it.

trecore4

sr. member

Activity: 658

Merit: 260

CryptoTalk.Org - Get Paid for every Post!

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.

Yes, that is the actual reason about the crypto currency ETF approval and we should care about it if we want to earn some nice profits out of our hard investment that we made during so many years. Bitcoin is our digital gold and everyone is expecting it to boom like crazy and if thats the case then whats wrong in thinking about the ETF and caring about its approval really. It will surely create a strong backbone to the crypto currency and thus make it look good over the time. We need such updates in between for crypto's long term success and crypto push forward.

Sereda_Rostislav

jr. member

Activity: 126

Merit: 1

The head of the payment crypto-startup Abra, Bill Barhydt (Bill Barhydt) believes that the Securities and Exchange Commission of the United States will approve the launch of Bitcoin-ETF within a year. He told about it on the air of the program "Squawk Box Europe" on the CNBC channel.

"It will happen in the coming year. I would bet on it. This product is too much demand, "- said the expert.

nicolas1979

sr. member

Activity: 826

Merit: 252

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?

Not me, all I care until now is just bitcoin price action. In this situation positive price moving from bitcoin will make life again and others will follow, that's the main rules. About another people who replace their trust into another coin or follow ICO project in big faith and asset is up to them, they have different mindset and strategy. For me ETF is like another coin, follow bitcoin and even have significant price action is only temporary.

hugeblack

legendary

Activity: 2702

Merit: 4002

Many of those who have recently joined/used Bitcoin are interested in profit rather than decentralization.Perhaps a large part of them do not know decentralization.
ETF mean A lot of investment money means more price rises. So many people care about it.
Also, one of the most important reasons is the absence of good news this year so everyone is trying to get some positive.

Awesomus Maximus

member

Activity: 392

Merit: 66

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? [/b]

No you are spot on, man. I'm totally with you. True believers in bitcoin don't care about ETF. The people who care are speculators, the ones who would like to have another pump to make money of off bitcoin.

juperos

member

Activity: 459

Merit: 10

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?

BTC ETF is a great investment fund if the SEC accepts execution. ETF is a very good investment fund and it will usually grow every year. It will prevent the manipulation a lot. But the SEC said they would not cooperate because they disagreed with the way the market operates.

wayaneka

full member

Activity: 644

Merit: 101

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.

www.crypago.com

jr. member

Activity: 51

Merit: 1

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?

Topic: Why does anyone care about BTC ETF? - page 3. (Read 513 times)