Your thoughts on ETF and its effect in crypto space

marycrazy08

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Quote from: Leonardo7 on May 07, 2019, 11:11:30 PM

Cryptocurrency market is doing just fine without the SEC approval of the ETF and they are wondering how to even control the system, so what they really understand an in-depth understanding off might be difficult for them to approve, with or without them, the market is going to grow stronger and ETF might beg BTC in the future.

Yes, i got your point sir, however, i dont think this current market is sufficient in a long run. We need fresh and big money into crypto to be more liquid. We also need tighter rules to prosecute scammers and hackers.

cabron

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I also believe they are not going to approved any ETF. They have denied all the had been submitted to them so its true there ain't going to be BTC ETF not a chance in my life time. Knowing that they can't control BTC and can't enforce anything to it, they'd rather be sticking their nose to where they have the authority.

Leonardo7

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Cryptocurrency market is doing just fine without the SEC approval of the ETF and they are wondering how to even control the system, so what they really understand an in-depth understanding off might be difficult for them to approve, with or without them, the market is going to grow stronger and ETF might beg BTC in the future.

||bit

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Quote from: funchiestz on May 06, 2019, 08:49:26 AM

Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

The expectation of ETF in Bitcoin has been a long time. I don't think it will be effective even in pricing anymore. Bitcoin got over that ETF issue.

No, you are very wrong. Let me give you an example, for instance when a token listed on binance, it pumps. But this is just speculative, the token is the same token but when that token delivers a product, maybe a unique one, that is real progress and that is real value gain.

About ETF the price rise will be speculative maybe with the announcement. But approving of ETF is opening a door for btc full of money. And that money will pour into bitcoin. And that will cause real growth, not the speculative one.

It will eventually get approved, and it will great for all of us.

Herbert2020

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Quote from: peter0425 on May 07, 2019, 09:23:50 AM

Quote from: 7788bitcoin on May 07, 2019, 02:38:39 AM

Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

I am hearing about ETF for a long time and the hype behind it was tremendous a few years back and SEC was rejected it for a long time and now no one is interested nor there is any hype and until there is a clear regulation regarding the market you might not see that happening before that, there is a lot of speculation that it might be accepted this year, but until they approve we can just speculate, but what ever be the situation now it will get approved eventually, if it is approved then it will boost the market.

Yep, a lot of buzz in 2017, I remember it very well because it was the first time I witnessed the price goes to 4 digits after the hype on Winklevoss application but after it was rejected in Feb the price goes down hard but eventually it recovered. The thing is that we don't have control over it so it's very very difficult to speculate.

most of the drops in 2017 weren't that big really. specially this one after the ETF. it just got lucky and had a good timing which coincided with the correction of the big rise at the time and seemed like it is pulling the price down. and it was in the early stages of the rise so people were already in fear of the "end of the rise" whereas price was still lower than current value. so the drop might have looked big.
in other words ETF never had that big a effect on bitcoin.

peter0425

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Quote from: 7788bitcoin on May 07, 2019, 02:38:39 AM

Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

I am hearing about ETF for a long time and the hype behind it was tremendous a few years back and SEC was rejected it for a long time and now no one is interested nor there is any hype and until there is a clear regulation regarding the market you might not see that happening before that, there is a lot of speculation that it might be accepted this year, but until they approve we can just speculate, but what ever be the situation now it will get approved eventually, if it is approved then it will boost the market.

Yep, a lot of buzz in 2017, I remember it very well because it was the first time I witnessed the price goes to 4 digits after the hype on Winklevoss application but after it was rejected in Feb the price goes down hard but eventually it recovered. The thing is that we don't have control over it so it's very very difficult to speculate.

Vispilio

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Owning an ETF is not the same as holding the crypto currency it represents, so it introduces an additional layer of counterparty risk.

Any structured product is only reliable as the bank / institution that issues it, so ETF's don't really fit to the decentralized nature of crypto assets.

stfN2128

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Quote from: gentlemand on May 05, 2019, 07:36:49 PM

It won't happen, if ever, for a long, long, long time.

Some people think they're being nasty by not approving one. Why would they approve anything with the slightest risk of not being able to do the job they're tasked with? The power they have to create them only exists alongside the ability to police them. If they can't do that, they won't rubber stamp it.

Exchanges in general are getting less cowboyish, but they're in more and more countries.

I expect by the time an ETF ever is approved it will have been long superseded by a bunch of other products that will have routed around the restrictions they throw up.

Hmm, not sure. as long as the govs can earn money, this greedy suckers approve everything. and it's easier to get detailed informations by a big institution as from a bunch of individuals. It's a lot easier for the most of the guys to buy an ETF into their depot as buying bitcoin on the current way.
i don't think it will take so much time till an ETF will be approved.

7788bitcoin

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Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

I am hearing about ETF for a long time and the hype behind it was tremendous a few years back and SEC was rejected it for a long time and now no one is interested nor there is any hype and until there is a clear regulation regarding the market you might not see that happening before that, there is a lot of speculation that it might be accepted this year, but until they approve we can just speculate, but what ever be the situation now it will get approved eventually, if it is approved then it will boost the market.

The Cryptovator

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Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

Same here, it's been year we are all hearing about ETF. But seems it was a just drama. If we see on last bull run there was no any ETF news, so its not important for btc. Of course ETF would be better for bitcoin but it doesn't mean bitcoin would not run without ETF approval. To be honest, ETF news just making trouble on bitcoin trend. Its just better to keep silent about bitcoin ETF. Never mind if SEC don't want to approved ETF application.

CryptoBry

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Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

Months ago, there was this strong buzz about ETF and how its approval by SEC can trigger the dreamed bull run. But recently, I think people are already tired talking about and definitely many have accepted that ETF may not be happening soon. Therefore, many are now concluding that the bull run can happen without the ETF infrastructure in place. And I think that is a good development. We should be taking ETF as a bonus rather than the very heart of Bitcoin's survival and adoption.

funchiestz

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Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

The expectation of ETF in Bitcoin has been a long time. I don't think it will be effective even in pricing anymore. Bitcoin got over that ETF issue.

dothebeats

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This is not an entirely welcome change but a passable one, although a lot of us here are surely eyeing ETFs for quite some time now due to the price bumps it could potentially give for bitcoin. With the rise of ETFs and talks of institutional participation in the market, I fell that the cryptomarket will be a highly-regulated space and would hopefully lessen scammers and ill-doers in the field, making it more friendly to traders and newcomers alike. I don't have high hopes for ETFs, but it seems that they are here to stay.

Kakmakr

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Do not get too exited about institutional capital flowing into Bitcoin, because these big boys can ruin this experiment for all of us. They have access to massive amounts of assets and they can cause huge fluctuations in the Bitcoin price, with a drop of a Dime. They are also more jittery when it comes to risky investments, because they are using retirement funds.

The SEC will also be careful not to approve something that they cannot manipulate and control and as we know Bitcoin is a global commodity that are not only bought and sold in regulated markets. Roll Eyes

Haunebu

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Quote from: rahmatullah9305 on May 06, 2019, 12:52:13 AM

While it is not evident why the SEC has postponed its decision on the matter of ETFs, the agency has previously stated that its main goal is to examine any possible issues with investors’ protection. Thus, speculations range from that the agency is taking its time to reach a well-researched conclusion, to that the SEC is following an agenda to minimize cryptocurrency adoption through denying cryptocurrency ETFs and therefore limiting the opportunities for institutional market forces to invest in the sector.

Isn't it obvious? SEC wants to regulate the crypto market in whatever manner possible and approving an ETF would make their job a whole lot harder with many institutional investors entering this market.

They will only approve an ETF if regulation is not a problem and if they stand to profit from it most likely.

traderethereum

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I don't think much about ETF, and I will let it happen because that is out of my thought.
I don't want to think about ETF which is not accepted or deny so far.
Maybe you should let it happen with what the governments want, and as long as we could use cryptocurrency especially bitcoin, then we don't have to feel bothered with ETF or another thing.
You have your time to do many things rather than to just thinking about ETF, and besides that, there will be a very long time to wait to see ETF will be approved or denied.

Becky666

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Quote from: gentlemand on May 05, 2019, 07:36:49 PM

It won't happen, if ever, for a long, long, long time.

Some people think they're being nasty by not approving one. Why would they approve anything with the slightest risk of not being able to do the job they're tasked with? The power they have to create them only exists alongside the ability to police them. If they can't do that, they won't rubber stamp it.

Exchanges in general are getting less cowboyish, but they're in more and more countries.

I expect by the time an ETF ever is approved it will have been long superseded by a bunch of other products that will have routed around the restrictions they throw up.

For them to rubber stamp any ETF just because of they be induce to do that will backfire, possibility of them having approving one will be as a result of them setting or putting in place the tools to handle it. If any of the ETF be approve, the ability to maintain the policy should equally be there to avoid crises.

jseverson

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Quote from: Johnzky on May 05, 2019, 11:10:52 PM

Quote from: marycrazy08 on May 05, 2019, 07:30:15 PM

Hey guys, i am really interested in this ETF. It's been a year since we i am hearing this. What are your thoughts on this? Do you think we are going to have an ETF? Cheers!

Lol it's been herr for Years and still nothing positive happening to the crypto and all are just failure and waste of time for expectorant

There hasn't actually been a true Bitcoin ETF yet, which is why people think this is a big deal. There's an ETN, an investment trust, but not a single ETF. I'm fairly sure this is true outside the USA as well, but I could be wrong.

Quote from: Jating on May 05, 2019, 11:22:58 PM

But the SEC is too wise not to give in to the demand because they really don't know what will going to happen if they give it a go signal and they don't want to blame if an imminent crash should happen resulting to investors losing big money in the market.

They actually may have a fairly good idea what will happen; it could get manipulated and they won't be able to do a thing.

rahmatullah9305

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While it is not evident why the SEC has postponed its decision on the matter of ETFs, the agency has previously stated that its main goal is to examine any possible issues with investors’ protection. Thus, speculations range from that the agency is taking its time to reach a well-researched conclusion, to that the SEC is following an agenda to minimize cryptocurrency adoption through denying cryptocurrency ETFs and therefore limiting the opportunities for institutional market forces to invest in the sector.

Jating

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The thing with bitcoin ETF is that investors are thinking that if it is approved more money will flow to the market that will push the price to new heights and get to ATH.

But the SEC is too wise not to give in to the demand because they really don't know what will going to happen if they give it a go signal and they don't want to blame if an imminent crash should happen resulting to investors losing big money in the market.

Topic: Your thoughts on ETF and its effect in crypto space (Read 330 times)