Bitcoin Forum

For me I don't want bitcoin ETF to be the one that will the declare the BULL RUN.
But I don't disagree with ETF too,  I just don't want it to be the necessary factor why Bitcoin will rally.
I think that we will fine the Game Changer once we find the Cryptos Killer App.
I just don't think it is payments right now.
We have alot of credit cards, bank cards, qr codes and online banking apps that are fast, instant and/or free.

If we are looking for Bitcoins year, I just don't think it's 2018.

How about you? what are your comments?

I think Bitcoin 2018 could not make a lot of benefits. But in the future it seems to have its potential. Bitcoin could make ETF bull run better. But it is difficult to predict it. The market will rise, this is normal.

Etf will reassure people.
There's been too much Fud this year for us to have a long term bull run. Etf might just change people's perception of the whole thing.

I think bitcoin ETF and the new kid warming up ICE the owner of New York Stock Exchange will be a game changer.  But I don't see that happening soon, until this happens,  we shall remain in the bear market

I don't think ETF can really bring a bull market for the market. It's probably just a short, good news. The driving force for the rapid development of bitcoin is that we need to constantly improve our community.

We could have price rises with no catalyst. Bitcoin just needs more demand even though it looks really difficult to achieve right now. What we need is better adoption. Bitcoin still isn't that easy to use. Sure we could use services like Coinbase for the less tech-savvy people to use, but it would be counter-intuitive. But yea, when talking about price, 2018 probably isn't "the year".

Unfortunately not everyone has access to these. Though you could also say that not everyone has access to mobile phones.

i completely agree with the first part. i also don't want ETF to be the "bull trigger" and unfortunately people keep on hyping it up but in reality ETF means nothing for bitcoin.


but i disagree with this part. all the things you named are centralized while bitcoin is uniquely decentralized and that puts it apart from all of them. and that is the "killer app" that bitcoin has and has been increasing its price so far.

“I think we have an important role to play telling the United States and the world that our capital markets are open to innovation,” said Peirce. “And that’s what sort of drove my dissent last week and what really drove me to come back to the agency as a commissioner.
With the Commission totaling four people at the moment, Peirce said that she was outvoted by her colleagues as the Winklevoss ETF was rejected by a vote of 3 to 1.

Anyway most of the people are thinking that this is exactly that particular thing that we all are anticipating and waiting for, EFT should certainly move bitcoin from that spot, but we are right now stucked on.

Totally agree with you. We should be more interested in the mass adoption of cryptocurrencies. People that can about Bitcoin ETF just think that after that they are going to be rich due to the price pump.

Bitcoin ETF should not be the reason for the fall in price. The people are giving preference to the wrong news. Because of that they are getting all panicky and thus they are taking decisions on the spur of the moment. This needs to be stopped.

Well ,it is true that bitcoin should have entered bull run without ETFs but unfortunately, everyone is waiting for that decision from SEC to start moving into the market fully again. This could take a lot of time.But in the long run,it will surely happen,bitcoin ETF is on the way.

ETF is important, at the same time it is not essential either. But this should not be the reason for the bull run at any cost, unfortunately it is being the reason behind it. The people needs to see the bigger picture before things get way out of control.

Word of mouth will always have influence in a market, I couldn't agree more, but sometimes, good and bad news should not be put into so much consideration. I agree with you, that these news or approval of ETF should not have such power over the price in market, rather the choice of options for comparability to alternate coins should be. Bitcoin is a legendary innovation to digital currency.

Bitcoin ETF will open doors for big investors to invest in bitcoin in secure way.  This will increase huge demand and better adoption in mainstream. There are other products similar to ETF which are also in wait and watch state. So if SEC approves BTC ETF in September then that will be very turning point in crypto space. Even these products can be introduced in  Europe, Canada and Asian markets. So hope for best.

if bitcoin ETF is approved. will make bitcoin prices rise.

as a matter of fact when you are investing in ETF it is less secure than when you are investing in bitcoin directly. because when you invest in ETF you don't buy bitcoin, you buy ETF which is basically a promise that the centralized company gives you that is equivalent of bitcoin amount. so you have to trust them. but when you buy bitcoin you buy bitcoin, you hold bitcoin and you secure it in your own wallet with the private keys that are unbreakable so no one can take them away from you and you don't need any third parties for storing and using those coins.
this also means the funds aren't coming in bitcoin, the funds are going in ETF which won't affect bitcoin price directly. the hype may get to the market and increase the price for a little while but that won't last.

The price will eventually rise, it did have a bullrun last year for whatever the reason is. But we are talking fast adoption when ETF is approved which means crypto will be accepted by governments and banks. Things are going to be changed in a way and not the current stage where only few of us are in crypto. How much percentage of the population around the world are into crypto, its probably less than 5% as of now. But with ETF, it can entirely be different.

One of Bitcoin's major strengths is that it is open access. Its inevitable that banks, financial firms, etc. will get involved.
You can't stop people you don't agree with from using Bitcoin however they choose; if you could, it wouldn't be Bitcoin. I don't like the magical derivatives tracking some index price thingy not actually Bitcoin ETF mumbo jumbo, either...
But Bitcoin will survive this, and continue being Bitcoin. It will continue being the most secure, open access, decentralized, neutral, censorship resistant network in existence.

Yes, i also think that Bitcoin ETF can not make a huge changes in the market but it is sure that it must do some thing and starts something within this year.

It looks like a blessing for bitcoin. Under the circumstances going on with bitcoin it could be the most relaxing news. Hope it will boost bitcoin.

Many analysts predict a rapid increase in the price of bitcoin. All other crypto currencies will also start to grow, but not as fast as bitcoin. I tend to believe them. But I think that such a bull trend as last year should not be expected.

I don't know what exactly will an ETF do to bitcoin fundamentally-wise but I'm pretty certain that there'd be a huge speculation spike once more in bitcoin come the approval of the ETF. Everyone is banking on the said event yet most people know little about what it really does. It doesn't give institutional investors direct access to the market but rather touching bitcoin from a pretty safe distance, which is, as far as the word's definition is concerned, involvement nonetheless. Confidence is what it primarily gives to the investors, giving them hope that a fruitful run is on the way.

Honestly, you cannot expect the good or bad news not to have an effect on the market. Look at other fiat currencies and markets, they are also being affected whenever a good news get published about them. Word of mouth will always have influence over a currency market. However, I agree with you on the part that these news or approval of ETF should not have such power over the price in market.

I think that bitcoin etf will be accepted this year, but not in August. In general, I think that bitcoin etf is needed, since it will show all investors the seriousness of this industry.

Various news on Bitcoin ETF is definitely affecting the market in positive or negative ways. Recent rejection has made bitcoin slump but there are more hearings lined up by SEC for ETF approval, these will also play a big role to increase the demand for Bitcoin among the users and also make the market grow.

The chances of a bitcoin etf passing through are slim, and today's market is the result of the etf crisis, with the BTC falling 10 percent and the crypto market collapsing,

According to the news I read,The SEC has decided to postpone the decision of the Bitcoin ETF until 30 September. because the delay in the results was then followed by the decline in the price of bitcoin on the crypto exchanges since last 7 August.

 I think Bitcoin could make ETF bull run better. I agree with you on the part that these news or approval of ETF should not have such power over the price in market. So sad !!!

Decentralization is bitcoin's killer app. No one in the banks nor governments can do it because they're basically a centralized entity. They are a complete contradictory to bitcoin and yet bitcoin will eat them. Regarding ETFs, let's Exterminate The Fcuk out of them all. It is only us people who is needed for bitcoin to work. No need for these institutions, we can be free from them.

I agree with you, why should this piece of news be recking the markets all the time? EFT OR NO EFT, we should be investing in Bitcoin and solid blockchain projects to improve the world and our future. Unfortunately, though you have the market manipulators and Youtube influencers playing with the minds of most traders. So what happens is EFT delay now causes another big shorting escapade and only benefits shorters and dumpers. So those who believe in Bitcoin and the Blocklchain and holding are constantly losing their wealth to those who don't give a stuff about the future but only care about lining their pockets.

As we all know, the bitcoin market is not only volatile but also prone to manipulations. So, it is natural for it to get manipulated by good or bad news. Recently, BTC seen a slump because of Winklevoss' ETF rejection and hopefully it will rise again once CBOE ETF's hearing starts. So, there is nothing we can do about it right now but in future, it is likely that, we'll find a way.

Bitcoin ETF has been discussed on so many ways and levels that I am starting to get sick from seeing 10 news articles a day about BTC ETF. The truth is that it wont be accepted any time soon because the main reason behind SEC rejection is that BTC market is being manipulated my uknown players, Since SECs main goal is to protect the consumer form markets which are manipulated easily, they will not accept any BTC ETF any time soon  and it does not matter if they decide to review rejections .

I think this event will be repeated again, we know that in 2017, the ETF got rejection by the SEC, and then created a bad market, so, we must recognize that the bitcoin ETF has an influence on the development of the crypto market.

we are aware that there is no definite standard for measuring the value of bitcoin volatility, but the media always compares crypto economy with conventional economic theory.

so, this is a basic economic theory that cannot be separated.

Most of us not really comfortable depending on etf to make bull run, but for now it's a good option to return the investors trust, we need more funds and the investors need assurance, so we need the etf, etf also could be the door for legality, even though I don't really like the etf but for now we got no better choice

Rejecting ETFs because of the claim of manipulation is not enough to be against bitcoin. People do trade forex with professionals, its not ideal for an investor to want to self trade. It would be wise to invest but have ur money in the hands of people who are conversant with the market. It is also an ideal opportunity for manipulators to make money. Instead of doing the job of full time manipulation, let these players establish trading firms and become money managers instead. So no one looses to inexperience. Overall bitcoin will grow gradually and it sure will repeat its trend.

I also agree with your statements, ETF shouldn't become a fate of cryptocurrencies, if we really want to take this world to the future, especially at financial and economics part, then we have to allowed cryptocurrencies at least try to make its way, but sadly people just really want to make it worst

open the gate for big money - and this is very good

Bitcoin ETF is an investment basket that simulates the entire Bitcoin index of companies constituting. Bitcoin ETF will track the Bitcoin value and be traded on the traditional stock market. Investors in the Bitcoin ETF fund will have to guess Bitcoin's value without a Bitcoin purse to protect its assets. This is the strengths and weaknesses of the Bitcoin ETF. Real investors do not own any Bitcoin, similar to the Gold ETF (GLD). It looks like derivative stock. This mode will help non-experienced investors to easily enter the Bitcoin market. With the Bitcoin ETF, large investors can invest in multiple types of cryptocurrency at the same time or invest in Bitcoin securities and investments in a single portfolio.

When an ETF wants to create a new share of its fund, it will switch to a person called an authorized participant (AP) for assistance. An AP is just a preferred name for a person who is responsible for buying the underlying asset that an ETF wants to hold. APs require licenses from ETF providers and are usually financial institutions that have a lot of purchasing power.

Here are the basic steps:

AP starts the process by buying basic assets. For example, if an ETF wants to track the S & P500, an AP would buy the appropriate amount of each stock based on the index weight.
AP sends assets to the ETF provider.
In return, the ETF supplier sends back its equity back to the AP. The value of these shares is equal to the asset that the ETF provider just received.

I am sure that 2018 will not be a year for Bitcoin because the year is already ending and there is no growth. I think that futures will be accepted in 2019 and then we will be able to enjoy the new rally to the new tops

If you want to sell your Bitcoins, then you can worry about ETF. Do not sell your Bitcoins. I think that there are more buyers than you might think.

agree or not
ETF will open up opportunities for bitcoin to be adopted more widely
but yeah I agree with you i don't want it to be the necessary factor why Bitcoin will rally
so yeah we need ETF
just my opinion

Perhaps EFT will not be able to return the bullish market, but it will definitely shift the price of bitcoin. Many people are waiting for this event and it will definitely have a good impact on the market.

Hi, my friends here, I want to ask whether the ETF has been approved or the SEC has been delayed again until now? I used to read an article that a bitcoin decision would be accepted or rejected by the SEC in the past month of September 30. But I did not hear or see the news that discussed ETF on September 30 yesterday. Has the bitcoin ETF been approved by the SEC?