ETF approval will mean to you?

[veleten]

ETF approval will be one significant step towards bitcoin adoption and should give
huge influx of investors money into bitcoin related projects
as a side effect-price growth,more publicity,possible legalisation in countries like Nigeria
I see only positives,maybe if there are ETF sceptics here,I would love to hear counter arguments

[X-ray]

With the news on the etf possibly getting approved March 11th just next month. Do you think it will push the price beyond $2000 like all is expect it to do once it does get the okay by financial houses?

http://bitcoindaily.org/economic-trends/bitcoin-price-climbing-in-speculation-of-etf-approval/

Looking at the chart that they have of all the exchanges in China failing in the last month with suspensions and fines being dealt out what will the etf do for those? Cause them to finally throw in the towel or even worst fold up and start their own etf to rival the American version by the Winklevoss's?

The storm is about to start the bitcoin price wars.

ETF accepted: mega pump.

ETF fail: small dip (or maybe nothing happens)

It should be happening. But Does 2013 give us a lesson about the SEC approval? I think it's having a high chance to get postpone. And at 9 march the withdrawal on the chinese exchange already unblocked by PBOC. and does it not give something for bitcoin if SEC will be trying to postpone it?

[Slark]

ETF approval will create some positive effects. Such as:

1. Open the gates for institutional money to flow into bitcoin, so far big business couldn't touch bitcoin.
2. Reduce price volatility and boost price of BTC, who would want to sell coins during bullish trend?
3. Bolster people's faith in bitcoin, convince skeptics that bitcoin is not only used by hackers and techno hipsters.
4. Diminish the risk of potential further unwanted bitcoin regulations.

[hase0278]

ETF approval to me means that bitcoin's price will continue to rise and it might drive it to the new all time high. It will be a way for many to recognize bitcoin not as a means that is used as illegal as what many others is thinking and they will know that bitcoin can be used for good too and to ease lives that might cause a really huge impact on the upward movement in price that we experience right now.

[SHAWN-MIDWAYS]

At the moment bitcoins are currently in limited supply and the approval of an  exchange traded fund or ETF will put pressure on the market because the bitcoin demand will exceed supply and force prices to surge quickly in no time.
The approval will also open up the other areas of the crypto market.

[Dux2K]

It will be good i can feel it. Maybe from all thing this will be good one. Expect to see price go high enough for us all.

[maydna]

if its really approved, then i think the price is maybe increase so high but we can not make sure about this because the bitcoin price is unpredictable and we only follow the price in the market. many rumor said that bitcoin price will be up until reach $2xxx and its still increase but personally, i can say too much because i only follow the price from the market and if the market says the bitcoin price wants to down, i think its the time for us to prepare to buy bitcoin and waiting for another up price again.

[_nur]

the bulls are very strong... 1170 breaking

[Carlsen]

I think it will be more like the speculation before the halving.
Everybody expected a price increase after the halving, but nothing happened. Instead the real price increase happened before the halfing.
I suppose it's the same with the price increase we are watching now.
Nothing is going to happen after March 11th.

[bravehearth0319]

I guess with the approval of ETF, Bitcoin economy will have a fresh new funds coming in.  With this fund it will push Bitcoin price up since demand pressure will be higher.   Aside from that investors who are half hearted to join bitcoin will have no doubt come to a decision to join Bitcoin because of the effect of this approval.  With huge fund coming in, there is no doubt Bitcoin will reach $2000 this year.

But the expectation by the community in bitcoin world was crashed down and the effect of it now was that bitcoin dropped now at 970$, well it is as expected when it has been rejected by SEC. Even the value now was being reduced I think it is still time for us to buy more bitcoin its a sign for us to do it because it will goes up a weeks from now.

[asdalani]

Having the ETF with Bitcoin isn't that interesting. Sure, the price of Bitcoin will move up because of the guys at the stock exchanges and the other exchanges wanted to try to manipulate the price...it will only last for a little while so I wouldn't worry so much about it.

That Bitcoin ETF will only bring more guys that will dump when the price gets up to $100,000 per coin or so. The cycle continues.

[deisik]

I guess with the approval of ETF, Bitcoin economy will have a fresh new funds coming in.  With this fund it will push Bitcoin price up since demand pressure will be higher.   Aside from that investors who are half hearted to join bitcoin will have no doubt come to a decision to join Bitcoin because of the effect of this approval.  With huge fund coming in, there is no doubt Bitcoin will reach $2000 this year.

But the expectation by the community in bitcoin world was crashed down and the effect of it now was that bitcoin dropped now at 970$, well it is as expected when it has been rejected by SEC. Even the value now was being reduced I think it is still time for us to buy more bitcoin its a sign for us to do it because it will goes up a weeks from now

The current correction has hardly anything to do with the SEC decision

Did anyone really expect them to approve the BitcoinETF in the first place? There was some price manipulation going on within hours before and right after the decision had been announced but the effect of it quickly evaporated. Today's price fall is most certainly related to BU fudsters but how long their FUD is going to last? Unless they continue to dump massive amounts of Bitcoin on a daily basis, they won't be able to bring the price down for any longer period of time. And as soon as they stop dumping, price will quickly rebound. It is hard to play against the market all the time