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Title: BTC ETF and its effects on Altcoins Post by: everythingisgreat on September 06, 2017, 03:39:43 PM I'm pretty new to actually investing in the cryptoworld. I have seem some information around the web about how there might be a Bitcoin ETF approval in the near future. In theory that would mean at least a temporary rise in Bitcoin. Do you think that would pull altcoins up with it as more exposure would lead to more investing or would it have little effect on Altcoins?
Title: Re: BTC ETF and its effects on Altcoins Post by: dealung on September 06, 2017, 04:30:50 PM I'm pretty new to actually investing in the cryptoworld. I have seem some information around the web about how there might be a Bitcoin ETF approval in the near future. In theory that would mean at least a temporary rise in Bitcoin. Do you think that would pull altcoins up with it as more exposure would lead to more investing or would it have little effect on Altcoins? I do not think it will affect the bitcoin price later on, but it might have an effect on altcoin. As we know the issue of china that prohibits and makes ico becomes illegal, it only brings a slight influence to bitcoin and now bitcoin is back up. Title: Re: BTC ETF and its effects on Altcoins Post by: everythingisgreat on September 06, 2017, 08:52:20 PM That makes sense. Maybe a high run before the ETF is up and then a leveling off or dump by some wallstreet holders.
Title: Re: BTC ETF and its effects on Altcoins Post by: tristan1960 on September 06, 2017, 09:55:17 PM I'm pretty new to actually investing in the cryptoworld. I have seem some information around the web about how there might be a Bitcoin ETF approval in the near future. In theory that would mean at least a temporary rise in Bitcoin. Do you think that would pull altcoins up with it as more exposure would lead to more investing or would it have little effect on Altcoins? I do not think it will affect the bitcoin price later on, but it might have an effect on altcoin. As we know the issue of china that prohibits and makes ico becomes illegal, it only brings a slight influence to bitcoin and now bitcoin is back up. I diasgree, it will be affecting bitcoin more than alt coins for sure. Bitcoin is the base of the markets, and if something bad happens, this damages to bitcoin more and more compared to the damage applied to alt coins. Title: Re: BTC ETF and its effects on Altcoins Post by: VanDeinsberg12 on September 06, 2017, 10:43:30 PM I'm pretty new to actually investing in the cryptoworld. I have seem some information around the web about how there might be a Bitcoin ETF approval in the near future. In theory that would mean at least a temporary rise in Bitcoin. Do you think that would pull altcoins up with it as more exposure would lead to more investing or would it have little effect on Altcoins? If you undertstand about the truth the bitcoin etf still didn't accepted by the country. It seems to be a difficult thing to be speculated by everyone. And that will give a little effect to the altcoin. Which means hundreds million dollar will flow to the market and that brings the more demand for the crypto. |