Bitcoin Forum

I have been thinking of it few days ago, when everyone in cryptocurrency space based bitcoin this year bullish market on ETF, but let me ask us what if SEC didn't approve ETF. Can not move the price without it.. I need your discussion on this.

If the ETF doesn't get approved, we may see a price decrease but the only reason for that is that people pay too much attention for this kind of events even though they're not that important.

For the long term though, nothing except the active development will bring bitcoin to a higher price.

I believe that Sec Bitcoin ETF approval will be very encouraging. ETF gets Bitcoin's price higher than before. People's interest will increase with the addition of Bitcoin Trust to the present. Bitcoin's future is bright.

BTC market is not fully dependent on the market thus it is mostly dependent on market nature. ETF hype created an influence in market price as many people paid attention to the news. But this problem has been overcome in the market and another ETF declining will be overcome also. BTC price will rise in slow by the end of the year.

Regardless of ETF, I think the price of bitcoin plays between $6,000 and $10,000 until a huge news appears.

I think bitcoin price do not depend on EFT. But the price decrease when EFT is not approve. So it easilt show that some investor did’t have knowledge so they sale their coin. Very soon price will rise and I believeend of the year the its more than 15000 dollar.

I dont think the SEC will approve ETF soon, but I always remain hopeful.

There may be a decrease in price if it does not get approved,which is of grave concern. But this has led to this because the people are giving unnecessary attention to this piece of news.

If Etf gets rejected by then we can see a price decrease due to the fear of the investors and inability to interpret the results in a calm mind. But within few days, they will understand the situation and the price will rise again.

There should not be a link between the approval and the BTC, these are not interrelated directly, but we are still doing it. It needs to get approved otherwise sadly the price will go down. And we really can't afford another dip now.

we already know the results, that when the SEC rejected the bitcoin ETF, the bitcoin market dropped again.

Bitcoin ETFs might help the market to create bullish conditions, but volatility values are always moving on their own, controlled by every trader.

but at least if the SEC receives a bitcoin ETF, the market will not experience an extreme correction.

it does not necessarily mean that the totality of agencies or even the ETF must approve of the bitcoin currency before the price appreciates but then their approval just gives a degree of confidence in the currency and those that are considering investing in it.

ETF approval will again lever the demand for Bitcoin upwards, making it even more assured to security measures then it already is. The hash rates of Bitcoin is also huge, which shows more potentiality of it growing further, as the mining is very impressive as of current situation. Henceforth, Bitcoin is growing at its most stable and consistent rate ever, and bringing in a possibility of bull run gradually.

the answer is simple if you look at the small but long enough history of bitcoin.
did we have ETFs or SEC or Government or banks approval in the past 9 years of bitcoin that price has been rising?
you see bitcoin was created so that we don't even need any of them but unfortunately it seems like in the past couple of months thanks to ETF hype everyone has forgotten that and are starting to look to SEC to tell them what to do. it is like some people are begging for centralization to enter this world!

The denial of ETF will definitely see a short term reduction in price but there are more good news lined up for the future, currently the hash rate of bitcoin is at an all time high which indicates that because of the miners the demand for bitcoin will increase again. Moreover, there will be some more Bitcoin ETF hearings in the future which will also play their part in making the price go high.

SEC approving bitcoin ETF is not a must for Bitcoin to grow as Bitcoin will find its way through mining, legalizing and solving problems all over the world. But, having accepted by SEC as an ETF will definitely increase it's credibility, demand and the chance of manipulation which is greatly required in the current market.

but the real question which OP is also asking here is whether we even need ETF for the rise or let me add one more: should we even care about ETF?

i'd say ETF is more damaging to bitcoin than it can do good for it. and maybe it is time to stop waiting for it and go back to the way things were before meaning everyone focusing on decentralization and adoption of bitcoin while showing the middle finger to all the centralized entities including SEC.

I don't think ETF approval is must for the BTC price to increase but it will definitely have a positive effect on the market and if bitcoin ETF gets approved, we might even see Bitcoin surpassing the last year's market cap of 20,000$ easily. Since the last ETF hearing hype has made Bitcoin to break so many barriers, it will affect the price in a positive way.

ETF approval is not a must but it would be a definite spike in the rise of the bitcoin price. If we get it approved I can guarantee a decent rise to at least 10k before november. But thats all in the cards now. What with the unnecessary refusals.

I think SEC accepting Bitcoin will bring more people to in the crypto field to invest on Bitcoin. It would be definitely a good step if it gets accepted but even if it doesn't Bitcoin will suffice, because recent studies show Bitcoin mining has started again with twice the intensity which will cause a upsurge of demand in the coming future.

Even if ETF does not get approved, organizations like Winklevoss and CBOE will keep knock SEC's door every year with new proposals and like we saw this time, the hype will definitely help BTC's price to go up in the process. Other than that, there will be many factors like increasing demand, more people joining market, increased mining etc. which will affect the market in a positive way.

The decision from SEC matters because people was too much hyped about it. I think bitcoin doesn't need ETF to be bounced back again.

ETF is going to be a great thing if approved. But it doesn't mean that without it bitcoin is nothing. Bitcoin has its own value so i think bitcoin will come around soon.

I second your statement. It seems like SEC has stolen all the spotlight and we bitcoiners are begging to SEC for approving the ETF. People are not understanding the fact, that we are only pushing towards crypto centralization through this. In long term, nothing will happen apart from centralization where regulatory authorities like SEC will hold the power to manipulate the market accordingn to their wish. That is the least desirable impact for us.

If we really want to see a strong bitcoin, we need to start using it as a currency without hoping for ETFs or mainstream listing. The more mainstream we go with bitcoin, the more centralized the entire system will become.

I don't know why some people think that without ETF bitcoin is going suffer. Before the ETF proposal bitcoin was a safe crypto among all. It's still the same.

Maybe the price will be decreased for a while if ETF doesn’t get approved. But it’s not a big issue for long term. It will decrease for few days only because of the new holder of BTC as they give more importance on these events which are actually not.

SEC rejection might cause the price to decline , but that would only getvrid of the extra vagant part who were only here for SEC, which is actually good. Other than that , I don't think the rejection will affect Bitcoin anyway, because Bitcoin has so much potential, it doesn't actually need any other components support to grow, it grew up a lot and is still growing. Hopefully someday Bitcoin will reach the peak it deserves to reach.

Most crypto enthusiasts are always connected to new surrounding crypto, as soon as the news is negative, crypto take a hit due to panic sellers. Nonetheless crypto always finds its feet after the dump. Yes there might be a dump if ETF is not approved but crypto wi rise to an all time high in no distant time.

I think, that will reduce people's trust in bitcoin. Especially people who are new to bitcoin, I think they will stay away from bitcoin

Bitcoin will survive even if SEC doesn't approve ETF, this is not the question ar all.
Still their approval could have positive effect on Bitcoin and probably would cause price increase, at least temporary. This could also intitiate other positive Bitcoin related movements so the positive impact could be multiple.
I hope for the best but even if they don't approve it, this will not be the end of the world.

They blocked me once I reported price manipulation and it has been over a month.  no reply from support ever.

STAY AWAY FROM YoBit. Plenty of other great exchanges.  They are a rip off and unprofessional

There may not be need for a bitcoin ETF approvals before we can have a bullish market. When the price of bitcoin was above 20k$,we didn't have an ETF, so we can do without one

The price hike currently does not have anything to do with the approval or rejection of bitcoin ETF. Bitcoin always behave in a way people least expect

What you said is very much true, even last time after ETF rejection market came down little bit but after that it bounced back strongly and created history, so it may be this time also it can react same way or before ETF news is coming the market is getting ready to bounce back and even on ETF rejection comes it wont stop.

the appropriate response is straightforward in the event that you take a gander at the little however the sufficiently long history of bitcoin. did we have ETFs or SEC or Government or banks endorsement in the previous 9 long stretches of bitcoin that cost has been rising?

you see bitcoin was made with the goal that we don't require any of them however shockingly it appears in the recent months because of ETF publicity everybody has overlooked that and are beginning to look to SEC to guide them. it resembles a few people are asking for centralization to enter this world!

ETFs aren't anywhere near being approved as far as I can see, the SEC has been delaying all ETF decisions for as long as they possibly can, before finally rejecting them for some reason or other on the last date, probably because they can't be bothered to do the actual work of proposing legislation for them. However, if and when ETFs are finally added (closer to when the volatility issue and market manipulation is resolved) then we will almost certainly see an astronomical spike in value, possible more than ten fold.

         To my concept I don't think that it is most important for the approval of ETF before Bitcoin price increase . But to me it will be a positive affect  in the  Bitcoin market if ETF is approved we can see the market  cap over taking previous years price very easily . I don't think that approval of ETF is a must for Bitcoin price to increase people give much importance even though it is worthless for these kind of news but if it is accepted that will be a positive effect .

Bitcoin can move even with these ETF's that you are waiting to be approved.

Few years of bitcoin's run, early people didn't even thought too much about it.

I think SEC please a major role behind the fluctuations of price of Bitcoin. If SEC did not approve ETF, I doubt that the price of Bitcoin ETF will still be falling. Well, this is just a point of view. Let me know what you think of this.

ETF have a big impact in Bitcoin's price but it is not the only one that could affect the market. News like ban or acceptance in a develop country could also affect the price of Bitcoin. Season could also affect it's price.

It seem we will even make more progress without the bitcoin ETF approvals, a lot of things are happening simultaneously that can help push the price of bitcoin upward

It seem we all need SEC to approve the Bitcoin ETF proposals at this stage, we need new players honestly as they market is very fragile now. Just some information that Goldman's sachs will not be offering bitcoin trading platform soon caused the market to lose 25b USD in barely 24 hours.

Approval of the Bitcoin ETF is not really a must for us to see a bullish season, but it would be a contributing factor should it happens.

The Bitcoin ETF is geared towards having an investing instrument backed by actual bitcoins targeting institutional investors to ensure we have enough players in the market which actually translates to higher coin market cap. And bitcoin etf is also expected to boost the confidence of many for us to see a more stabilized price growth.

Yet, a bullish season can take effect without Bitcoin ETF as we saw from last year, it is not mandatory but could raise the bar higher.

What's the essense  of etf 'so approval please?
I don't understand.

We hope it mate. But if you bet know, you can lose you know. Finger crossed for approval ETF

The European view on ETF Bitcoin is way more positive than the US's. If the US wants to keep up with Europe they will need to approve ETF sooner than later. Otherwise Europe will get the advantage in the cryptomarket soon. And America is not ready for that.

ETF isn't the only way to make the price of bitcoin get into the bull run.

I think we don't even need it because last year was a great bull run and it didn't have any bitcoin ETF approval. If the last hope for the bitcoin ETF at the end of this month will be rejected, then don't hope for it anymore. The best thing that you can do is to move forward and look into the market not with ETF's.

I support you. Bitcoin is able to return to its highs and conquer them, and without the help of ETF! A big player will come when the time is right!!! He does not need to wait for the approval of the ETF!

It is not a must we have the bitcoin ETF proposals approved by SEC, the market can do with or without an ETF, it is just that an ETF will accelerate the time it will take for us to reach a bullish market.adoption can take quite a while

First, we must know that bitcoin ETF is able to hit the USA market, but Bitcoin ETF is still dependent on derivatives and bitcoin futures markets, while the SEC clarifies that the bitcoin futures market in the USA does not have large space for ETF to base their prices on the futures exchange. so they must analyze every major improvement and growth in the short term.

True.

Don't get too much hype for that Bitcoin ETF proposal so if ever there will be a bad news, you know that its coming and you have been prepared for it. But if by chance that its get an approval from SEC then at least you didn't expected that its going to be approved and that's the time that you have to take a look on its effects.

it is not a must to approve the bitcoin on the ETF but it will have a very big and mighty influence in several things as it relates to the technology, firstly, investors will consider their monies very safe and also know that certain rules are backing their actions and legal actions can also be taken if peradventure something goes wrong with their investments.

Yeah exactly, the attention whether negative or not will alone generate a bigger interest in bitcoin and etf approval. As I see it, bitcoin is still in positive view around the world and this only keeps rising with time.. Hopefully the west will come to terms and accept it as it is

way more complex than that. Futures came at the worse possible moment and crashed the market. I doubt it was so blatantly manipulated because of EFTs.

The Winkle twins have been pushing for one for years on end

Even if ETF approve or dissaprove it still bitcoin dominance will play the majority of currencies worldwide. They need bitcoin we need bitcoin. but do you think bitcoin needs us? The answer is No. why?? coz bitcoin is a mineable coin and there's a supply and demand for that so it keep rising when blocks decreases every 4 years.

It is not a must for ETF to be approved for the market cap to increase, however, it is GOOD NEWS that brings about such increase and ETF will bring in institutional investors which will significantly increase the market cap of the cryptocurrency markets.

An appreciation season can be effective without the Bitcoin ETF as we have seen since last year, it is not mandatory but may raise the bar higher. I think we did not even need it because last year was a big bull run and it did not have any bitcoin ETF approval. The best thing you can do is move forward and look at the market not with the ETF.