Bitcoin Forum

Hey,

As we all know the final decision of SEC regarding the Winklevoss Bitcoin ETF (COIN).
What do you think is going to happen if it does get listed on Nasdaq?
Price movements? More Regulation?

I personally think that in the long run prices will skyrocket.

Yes I think bitcoin's price will be increasing too more than now,
because with be approved bitcoin ETF will gives valid rules for the investors
who will making investing on bitcoin, so make investments on bitcoin is not something scary.

I really do believe that whether bitcoin will approved by the Sec or not Bitcoin will still be go on move forward to increase. But if God's permit Sec approve, well of course prepare yourself bitcoin fanatic on the skyrocket increase of bitcoin.. Cheers! ;D

We are still speculation about bitcoin of price related SEC desicion,
because still there are desicion is it approved or not.
We must wait up to 13 march what will happen with bitcoin price,
the fact today the price is decreasing.  ;D

If ETF is not approved by security and exchange commission to me is not going to be a bad news but following what crypto currencies was established to be. Panic and ignorance will influence the price but that will not last long as price would correlate itself and price will resume it upward movement again. But if ETF get approval then expect the price to pump up exponentially.

Just lets hope that they accept or approve the coin ETF because if its not approve and its rejected it will become disaster that can see more price dump or   more below $1000 value or the price will stay at this value ..

I thought maybe we would find the high price of course but not only because of the effects of COIN ETF also I think this is where many new users have sprung up using bitcoin and increasing purchasing power bitcoin :)

Expected to make a big impact on price based on the approval and rejection. If approved price is expected to reach peak values. On the other hand if rejected then the price might go low to a price close to $600.

If it gets listed then we can see that lot of users who are traders in Nasdaq are able to trade in Bitcoins even through fiat currency. So we cannot tell how much high the price can go but it is sure that for certain time being we can see the price pumping above $2000 price

The one thing you can count on is increased volatility.

Price movement will be true because more money will flow into the bitcoin market. More regulation because the bitcoin will have more regulation by SEC. But in conclusion, the SEC will always try to watch the bitcoin itself.

Some bad news that SEC disapprove the Winklevoss Bitcoin ETF and the market have reacted and it have touched bottom of $1080 and now back it is bouncing it.  So still we have now to wait for the second chance of approval

Now we have seen the ETF effect on Bitcoin.  I would rather have the positive news for positive effect but well, seems we have to go to the path after the negative news of ETF being disapproved.  A decline in price as expected.  Expect more dump for the coming day.  So better get ready to pick cheap Bitcoins.  I wish I have lots of money to stock up Bitcoin.

The price dip a little I think but the price is still good IMHO. Let's just wait a little bit to see how the price will dip or will it increase. But I didn't expect that the current of bitcoin is this high after the decision has already handed by SEC. I'm expecting a big dip hours after the decision.  But again, its too early to speculate I guess we have to wait for more time to see what is the real effect of the SEC decision on bitcoin ETF.

Tonight I had a funny dream.

SEC rejected the Bitcoin ETF and after a short downward spike, BTC rose more than ever.

Fun fact: Piwowar (Pivovar) means beer brewery.


Rico

The price has bounced back quite nicely.  A lot of people were speculating that approval would have sent the price to $2,000 and the rejection of the ETF sent prices below $1,000.  A lot of money was made and lost yesterday, but may end up better in the long run that it wasn't approved.

Your dream dude, already happened. But we need more pump for the bitcoin itself and $1300 is a good price for the bitcoin in the future. I think most of the traders are focussing on ETh right now.

Disclaimer, this is entirely my own opinion (you are free to disgaree)

And I'm inclined to think that Bitcoin prices would expectedly hike at first, that's what had happened hours before the SEC announced their decision (though, as to me, that was no more than an obvious market manipulation). How high the prices might rise would remain to be seen, but the lower limit (i.e. most realistic figure) could well be around 1,500 dollars per coin. But then I would expect prices to crash monumentally. What makes me think so? Basically, there are two reasons behind my expectations. First, the Winklevoss twins would likely try to unload their bitcoins, book profits and get done with their Bitcoin stash (this seems to be the primary reason why they wanted their ETF to be approved in the first place). Second, many folks here erroneously expect that the ETF approval alone somehow guarantees plenty of big investors' money to get poured into Bitcoin. Personally, I don't see any viable reason for that. In this manner, after the hysteria and agitation eventually subside and no new money actually enters Bitcoin at the end of the day, we are inevitably set to correct magnificently in due course

not thinking it would be approved by the SEC or not but without them I think bitcoin is still growing with the price increases every time

Both the scenarios would have been possible, and could even cause the death of bitcoins IMHO.
I said that because more centralization would take place if it does get listed as nobody is able to trade stocks at places like Nasdaq without KYC.
The first thing as you said, price fluctuations, would be definitely possible as this would open doors to global level of investors to see and invest into bitcoins and move it towards a historical value.

So finally the ETF is disapproved.What happened next ? Nothing.Prices went down for a while and now it's back again where it belongs..Traders didn't give two fucks about the SEC's decision.

That was because SEC didn't give a fuck to the Bitcoin's topic, the spokesperson was not even interested in hearing anything about Bitcoins so he asked everyone to stop asking about it. But they will regret on their decision someday, when this will prove to be the biggest mistake that they ever committed by ignoring this super-evolving and enormous way of finance.

They wont regret since they know that the decision that they made was just right because they know about bitcoin and its effect if they would approved it.Rejection of ETF doesnt really matter at all since it doesnt give any major effect on bitcoins price,if they wont approve then its just fine and now we are going back to the normal days,important thing here is that we do still strongly believe on bitcoin.

SEC just confirmed that Bitcoin cannot be regulated what a surprise LOL! But BTC has very serious technical problems of scaling, TX confiormation time and speed. It is to volatile for "store of value" Who will put their money into such a volatile asset going up and down $100-300 in seconds? Only speculators and traders. It is overvalued. Just another bubble.

Now a days bitcoin's price increasing more and more, because with the approved bitcoin ETF will gives valid rules for the investors. So investors are ready to invest with bitcoins because, the rate is high and didn't controlled by anyone. Its a decentralized currency. So make investments on bitcoin is not something scary.

As I've always thought, I don't think this is going to be much of a problem for bitcoin as whole and I do agree with the decision by the SEC on the pure fact that all the exchanges relating to bitcoin have a high chance of going under or having a "hack" occur and this is something the SEC put into account in order to save investors from this risk they might not know about.

I think Bitcoins price will go up a bit and down a bit, and we've seen this come true even after the declining of the ETF as the price did tumble a little bit but came back up without any issue. I hope we can just be at a stable price one day so we won't have any issues.


Can't agree on this being a bubble, I can agree on bitcoin having an array of issues it must face in order to become adapted on a mass scale. I think this is where bitcoin will become stable and stay at.

Bitcoin has a host of problems without any doubt

But its volatility is in fact nothing of the ordinary, and that simply can't be a reason for declining the Winklevoss application. There are quite a few instruments in the financial markets which by far surpass Bitcoin volatility (e.g. VIX indexes), but this alone doesn't make these instruments somehow illegal and whatnot (they are really dangerous but perfectly legal). Personally, I suspect that there are two primary reasons why the SEC refused to allow this fund. First, Bitcoin is essentially a pyramid scheme (let's be honest here), and, second, there are serious security concerns (see the Bitfinex incident). With "real" exchanges, it is simply impossible to steal the funds of all or even some part of the traders (stealing a password of a negligent client from his computer obviously doesn't count here)

Bitcoin will be what it is still. We don't need them to list bitcoin anywhere, we have out own list too which is in the exchanges and on coinmarketcap. It rise up from scratch and will rise more. They are given the chance to regulate the exchanges or the bitcoin companies and they rejected it. Now they will have to find the hard way to regulate cyroptocurencies and more will rise up this time. Good luck to all of us. I'm still All in with crypto.

Apparently bitcoin is fine without the ETF. The ETF would make bitcoin more accessible to everyone, but it can still happen later and the price just keeps rising anyway.

ETF disapproval has  only minimal effect on bitcoin. I am surprised too that it only slipped to a hundred dollars and as of now it returned to previous price of $1200++.It seems that bitcoin is even still stronger.

Why people are constantly parroting this bullshit?

If someone comes to disagree that this claim is a piece of outright bullshit, you are welcome to explain how the Bitcoin ETF would make bitcoins more easily accessible to everyone provided that there are no particular problems in sending your fiat to any of the numerous Bitcoin exchanges, buying coins there (Bitcoin and whatnot) and then withdrawing the coins to the wallet of your preference. This fund (if it had been allowed) was aimed primarily at attracting big institutional investors, not ordinary folks (whether it would succeed at that is another question, though). It would certainly require more effort from an average Joe to invest in Bitcoin via this ETF in comparison with direct investment via Bitcoin exchanges

You already answered your owned question. Well, This is shows that in reality application in this industry bitcoin really can't be control by anyone. So we supposed to be thankful into ETF winklevoss, because if they didn't do it we won't see how powerful it is that decentralization has. Though it can't be denied after that result bitcoin value dropped but even is like that it will still recover on along run.

And it is not only that

I refer to Bitcoin decentralization you mention. You should also be thankful to the brats that they allowed us to sell at the highs and buy at the lows. It was obvious to most sane traders that the fund will be rejected as well as the price swings that preceded and followed the SEC decision were no more than manipulation at first trying to raise panic buying (when the price skyrocketed to over 1,300 dollars per coin) and then to instigate panic selling (when the price flash crashed to below 1,100 dollars). That was mostly easy money