Topic: Will you gamble on Bitcoin ETF approval results? - page 2. (Read 548 times)

While there are rumors that there's the likely that it's gonna get approved. The fun is there and we don't have idea if it's going to be as is because no matter what happens and the decision of the SEC, we all just have to take, bear, and accept it. And for the bettors that are into these scenarios, this is like always the special event that we get to see from the community.

I know that there are gamblers that can do their bets for both results and that's how they see the fun on it. And as the majority are just speculators and waiting for the actuality of the result, if you enjoy doing these things then you just have to do it on what you think is going to give you some benefit and pastime while you're waiting for what's to come on this market.

What's the imbalance that it will give to market? It's going to give more exposure to the actual Bitcoin market but I agree to you that everything is going to be back to normal after all of these applications, approvals, rejections and adoptions come.

I don’t think there will be anything that will change my opinion about bitcoin sooner or later because of how I trust the system on which it works on. Spot Bitcoin ETF will just cause some imbalance in the market and the market will get back to its normalcy after the incident. If you have got a plan on how to accumulate bitcoin or sell, the state of spot bitcoin ETF should not scare you to scatter your plans, stick to it. If there’s a way to benefit massively from the spot Bitcoin ETF approval, you can follow the trend and take your profit immediately. Don’t forget that the market will return to its not make way after this event have taken place.

On investment approach then you would really be definitely be doing this on which you wont really be making out bets basing up whether ETF would be that approved or gets rejected.
Pretty sure that most of us here are really that investing into crypto aside on just playing gambling, we do have our own portfolio. Some do really have those interest on betting
about on future market events and make money out of those via betting but there are ones who do really make out some separation in between leisure and their investment
just because they do feel that this is something more ethical on doing so rather than on betting against your will and preference on which i dont see
something wrong with this.

No I am not going to bet on that event, at least for me it doesn't really make sense to place a bet. I can understand that people like to bet on big events like elections, miss universe competitions, or other things. But when it comes to bitcoin I am only heavily invested in the market and would participate from the ETF approval. There are only two outcomes and we could use the bet to hedge ourselves against the ETFs not being approved and a short term drop in prices. But this would only reduce our profits if we believe in the long term positive trend of bitcoins. So, instead of gambling here I would just use that money and keep buying bitcoins directly to keep growing my portfolio.

Such prediction can be manoeuvred and compromised by the way it was ought to be at when some of the all awaiting approval organisers could have interests based on the prominent and attractive amount of stakes on the board because it is a not projected game specifically for gambling even though there is is possiblity means of stakes like that.
So, I am personally not staking a bet on such instead I stick to my reliable betting sites.
Besides.... I still don't know how attractive it would be of me giving any form of off gambling program that is not strictly projected for gambling a try to stake. I am just cool with my casino gambling sites here.

Tired of waiting for it too. I would rather be betting on something else. Who knows Gensler could be betting NO again and he wins this bet, easy money for him.

ETF approval will just keep the investors waiting and its too much of a distraction anymore, they were even sending an alert this time that Blackrock has $2B ready for the ETF. I don't think you can believe it anymore. The chances of this approval happening are after the halving and the price continues to go up while the market is unsustainable already. People will be buying while the institutions are selling.

Many of us are confident that a Bitcoin ETF will be approved, even though we don't know when that will happen and are still waiting for the time. But what is happening is that there are still delays that occurred before, and whether this time it will be postponed again or whether it will be immediately approved, we also don't know. But it looks like this time, it will still be postponed, and perhaps after the presidential election, there will be a bright spot.

In the meantime, we can skip the event by looking for other bets, and perhaps we can return to sports betting for a while. Or we can place bets on ETFs but don't expect much from the results because this is just for fun.

Many people would vote yes, the SEC approves ETFs, but we don't know what happens. This event was full of unnecessary drama, but it seemed like it had been planned by several parties. Yes, it will be more difficult to choose the bets, but maybe people are just choosing the bets this time for fun and not taking it seriously. People are waiting for the moment of approval because they think that with the approval of the Bitcoin ETF, it can push the price to increase very high, and there may also be a long rally for the price of bitcoin so that it can break through the previous ATH price. If a Bitcoin ETF is approved, it will change cryptocurrencies in the eyes of many governments and the public, so there is a possibility that the adoption process will grow even faster.

I believe as the approval is getting near, the odds will be low as most are expecting that this will finally be approved.
But to be conservative on this betting line, much better if you will only use spare money so you won't get rekt big time.
For the odds, just head to the polymarket site. I don't think it is available in regular bookies here in the forum.
I am guessing even noncrypto users are placing their bets on this one because the likelihood of approval is quite high.

Even if we do speak about on having no involvement of money or betting on which the community would really be still having those kind of choices whether ETF could be approved or would be rejected or would really be that delayed again for this year on which same as you said that no one really knows on what would happen. If there would really be those platforms on which they do included out this kind of stuff to be bet on then
its not really that a bad choice considering that it would really be always relevant considering that people who do gamble out on crypto based platforms are pretty much aware of Bitcoin on which means that it is normal that they would really get easily hook up on making betting just because they do know on what Bitcoin is and to those things around on whats happening.

Wil you gamble if you do see that this is something available? It would really be just that depending to someones preference since there are people who are really that
interested on this and there are ones who arent. So its up into your personal choice in the end of the day.

As gamblers with a long time experience about how these odds are apportioned we all can without stress imagine what the odds difference would be like, The odds for a YES to a bitcoin ETF approval will be very small while that of a NO  that there won't be an approval of the ETF will be the big odd.

 The possibility of having the bitcoin ETF approved is very much possible based on a lot of paperwork's that have been put in place with some legal backing to it's pending approval. No casino will want to take that risk of implementing such bet option in their site as they are aware that on this path they have no hedge as to whatever or otherwise of what the result will be but an eventual approval. Mind you delay is not denial.

If commercial online gambling casinos like Stake, Rollbit and the rest will implement events like and allow us to bet on them, why not? I would gladly bet put a bet through, and I did be betting on a yes, and this is because, from the data available online, it's imminent that the US security and exchange commission are going to approve the bitcoin spot ETF, the only challenge is that, we don't know when for sure, though speculators are speculating that the approval will come through on or before the 10th of this month being by next week Wednesday, this is just speculation.

And personally, I think this type of bet will be very easy to win, but where it will become challenging is if the casino require gamblers to bet on the specific day and (possibly) time the ETF will be approved, this is the area I think alot of gamblers will lose  .

Most of the votes in the betting are yes the SEC approves the ETF, but you are right that no one knows when this decision will actually come, whether the approval of the Bitcoin ETF application comes this month or when.
It just that many people, including investors, are waiting and they hope the SEC will approve it in the near future.
But betting on something like this will be much more difficult than other bets such as sports betting, I personally don't have the desire or decision to be able to take part in betting and I would much prefer to use the money I have to bet on sports because the opportunities are more visible and the results will be exactly as scheduled.
But for those who bet on options like this, it doesn't matter because this is quite important and of course the approval of the Bitcoin ETF application could have very positive impact on the future development of Bitcoin.

That's true; the whole ETF approval matter has been delayed several times already. I'm not too fond of betting on something that has been postponed several times already. I have mixed feelings about the ETF approval. On the one hand, I'm positive that Bitcoin will be approved, while on the other, it's constantly being postponed. Why hasn't it been approved or even denied at this point? Why are the results delayed by that much?

In the end, in my opinion, it's going to be approved anytime in the future; however, I wouldn't bet on it; the 50/50 chance doesn't look too appealing to me. Despite what happens, even in the scenario where it's not approved, Bitcoin will do just fine without it, as it did for all these years.

Yes, it is like that, but we have seen what has happened so far, where the SEC continues to delay it, so many of us are pessimistic that this month, the SEC will immediately approve it. And if this is the month we've been waiting for when the SEC finally approves the ETF, it could boost bitcoin to even higher prices. Indeed, when we place a bet and wait for the result, whether it is approved or still pending, and we can be the winner, it will give us joy because we managed to become the winner. Yes, you can try to bet on this event, and who knows, you could be the winner.

Not really that shocking on which platforms or companies or betting sites would really be offering something like this on which this is something that could really be giving out that kind of result which its a yes or not. Approval or getting rejected on which there are no other paths that would really be taken. This is why its not really that shocking that events like this even if its that too important on crypto community on which there's no exemptions that it would really be included into these type of betting on which this is really that something that cant be exempt and people would really be loving
on taking up some bet on that. Seeing into that accumulate amount of bet then it does really shows on how high the interest and demand on which they do know that they could
take out advantage of it or simply being beneficial.

Well, whoever bets on this is just for the sake of having fun and at the same time is just eager to wait for the announcement. So, there are no heart feelings that will be part of the bet and you're just setting yourself on how you're going to buy on this one. It's true that anything can happens and even if the chance of getting it approved is quite high but don't dwell on that confidence. We've seen it for how many times that it has been rejected before years ago so it's nothing new to get surprised if the results are the opposite.

I think that the fun starts when we don't know about the clarity of it and there's equal opportunity for every bettor who would like to bet on this event. Whether it's going to be approved or not, as long as you are happy with the results and most especially if you've won the bet then that's for sure the win that you're waiting for. So, it's all fair for everyone who's going to bet on the outcome of the decision as per SEC.

What are the odds, if they are in my predictions and the probabilities adapt to my tastes, I do bet, there are sites that want to take advantage and "catch" with strange odds, regardless of whether they are in favor or against On the contrary, they can tempt wrongly, that is what we must "pay" attention to.

Yes, it's really risky if we bet on this outcome. Its fluctuations are so significant that we cannot bear them. Only luck can help us. This playground is precisely as you said for sharks. Market manipulation is entirely possible. I have seen the market go against the published news. Just like yesterday, I tried to make some profit from this news. And I lost $167 in an instant.
No one can predict whether the halving event will continue to repeat, but I will also try to make some profit from this event. We will quickly receive rewards from these events, but the risks are also very high. Those of you waiting for this news, I think you should wear your seat belt because it moves like a roller coaster.

I'm not interested in betting on a Bitcoin ETF because we've already seen several delays and there's no clarity on when the SEC will approve or reject it. But looking at the development of bitcoin to date and in the future, the SEC should approve it, but I don't know because this still concerns the interests of many parties who still want to reject bitcoin. But if you want to have fun placing bets, you can join in with other gamblers because $1.5 million in bets is a lot of money. They can still be patient with the announcement later, so perhaps this will be even more interesting, whatever the outcome. The important thing is to prepare sufficient funds if you are interested in placing a bet.

This Bitcoin ETF is getting more interesting everyday and has now become the major discussion in the cryptocurrency community now. Casinos are trying to take advantage of the happenings in the cryptocurrency market in order to make some cash for themselves. I know that majority of those that will bet on this will go for yes because the probability of its approval is likely higher than it now approved. The odds for not being approved will be higher than that of the approval. I won’t bet on something like this because I’m not even much interested in the outcome of its approval.