Bitcoin ETF: Better rejected or approved?

[target]

all we can say at this point is that the approval of this ETF could have been better than the rejection of it.
but being rejected nothing is going to change for bitcoin, we never needed it in the first place. it could be a nice "option" for certain people out there to invest in bitcoin and show bitcoin in a positive light to the world as a side effect. but bitcoin should always remain decentralized and investing in it should also be done this way.

The decentralization is going to be just a lie when ETF is approved. Its always going to be monitored, your stash and the transactions you will be doing. The recent rise of altcoins is just one of the effect. Its the opposite of what you thought could happen. Bitcoin holders will soon drop what they have to move to USD because there is no difference to it anymore.  Exchange sites monitored us loosely for now but once its approved, the registration itself might probably ask you utility bills, passport's scan and a selfie.

[kelsey]

all we can say at this point is that the approval of this ETF could have been better than the rejection of it.
but being rejected nothing is going to change for bitcoin, we never needed it in the first place. it could be a nice "option" for certain people out there to invest in bitcoin and show bitcoin in a positive light to the world as a side effect. but bitcoin should always remain decentralized and investing in it should also be done this way.

The decentralization is going to be just a lie when ETF is approved. Its always going to be monitored, your stash and the transactions you will be doing. The recent rise of altcoins is just one of the effect. Its the opposite of what you thought could happen. Bitcoin holders will soon drop what they have to move to USD because there is no difference to it anymore.  Exchange sites monitored us loosely for now but once its approved, the registration itself might probably ask you utility bills, passport's scan and a selfie.

the thing is though if its to be used as a true p2p currency then bitcoin should also be indifferent to exchanges.

[JanpriX]

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? 

Generally speaking, the approval of ETF for BTC would provide new opportunities for the general public to pour their investments into BTC, and will provide a big bump in its price in the long run. This will also provide different opportunities for BTC to expand its reach to the general masses who is not yet aware of BTC. But, as we all know, it got rejected. We saw a big dump after the decision hits the news. Currently, BTC's price is increasing steadily and this just only proves that the BTC community is well-established and will not budge even if with bad news. Either way, being approved or rejected, BTC will still strive to fulfill its basic role: decentralized cryptocurrency.

[severaldetails]

I think that rececting ETF is better for bitcoin, at least at the moment.
An approved ETF would draw too many investors, what would increase the price too much.
When the price is too high, it's harder to get new people into bitcoin.
And I like a price increase based on ordinary people better than a price increase caused by professional investors.
Because once people are in, they usually don't leave that quick again. That's a steady growth!

[soul-impact]

I think it will be better if they approve bitcoin ETF. The prices will sharply increase and as you can see, ETF can be considered as one of the important impacts on Bitcoin this year. However, if they do not agree with it, it is still ok. Bitcoin right now have its own places and nothing can not knock down it anymore. We can wait in order to see the prices increase and the adoption too. We have waited for 8 years, why don't we wait for another 8?

[Sled]

It is better for bitcoin ETF to be approved because there is a high chance for the price to goes up very high like it is easy to reach $2,000 price per one bitcoin if ETF is approved because there is a lot of possible big capital investors in bitcoin and it will create a huge demand for the market and lessen the supply in the market so easily that can make the price to skyrocket very high.

[audaciousbeing]

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys?  

For me, I will say its for the better because I dont think bitcoin community is ready for such massive exposure and there is need to still keep the house in order before going that path. Also, it also serves as a test for bitcoin that it sends a message that whether they like it or not the confidence in bitcoin is increasing on a daily basis because if it had been positive and we witnessed a surge in price then we will inteprete it to be that its because of ETF and the real strength of bitcoin wouldnt have been known.

[Reid]

Better disapproved so that big wave won't happen again. Scared the living sh1t out of me. 
Well, actually we dont really know what could happen if it is approved. Will there be changes or it will stay still like what is happening now.
I bet that dump just happened just because of panic and this kind of decision might happen again.
So we better learn to just stay calm and let the bitcoin users do the flow. 

[hawkins]

Better disapproved so that big wave won't happen again. Scared the living sh1t out of me. 
Well, actually we dont really know what could happen if it is approved. Will there be changes or it will stay still like what is happening now.
I bet that dump just happened just because of panic and this kind of decision might happen again.
So we better learn to just stay calm and let the bitcoin users do the flow. 

correct. there is no point to panic. I feel that when bitcoin is received, it will really affect the price of bitcoin. I know that very many people who want to take advantage of it. but, when rejected, everything is so canceled, and probably panicked.

[carlerha]

It is better for bitcoin ETF to be approved because there is a high chance for the price to goes up very high like it is easy to reach $2,000 price per one bitcoin if ETF is approved because there is a lot of possible big capital investors in bitcoin and it will create a huge demand for the market and lessen the supply in the market so easily that can make the price to skyrocket very high.

in fact i have no idea about it that either ETF approval is in favour of bitcoin or not, but as i can see that most of the ops are consider it as good for bitcoin so i will also pray for a better decision to be taking about ETF.

[calkob]

I think that is better that it was rejected, due to the control a centralised pot of bitcoin could have over the whole community.  and the fact that it hardly made a dent in the price is a bonus.   RESULT

[Winner]

If that Bitcoin ETF was approved then there would be a huge amount of money flowing into Bitcoin Exchanges only because of people wanting to make money and that is about it. There wouldn't be as much people trying to improve Bitcoin by building Altcoins and the sorts testing Blockchains and transactions. Instead of tiny pump groups, there would be really greedy people trying to milk Bitcoin/Altcoin Exchanges.

Bitcoins ETF is good for publicity, that is the only thing that it's good for right now.

[Sithara007]

I just came to know about the rejection from the U.S. Securities and Exchange Commission, on the attempt to list the Bitcoin ETF. I was quite disappointed with the outcome. But still, I am glad that the exchange rates are holding strong. The excuses given by the Securities and Exchange Commission was pathetic. They rejected it just because Bitcoin was unregulated.

[bitcoineverything]

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? 

There is another Bitcoin ETF decision coming this March 30 according to Coindesk. It is a proposal from SolidX. We do not have much of the details yet but would the effect be the same with the previous ETF decision.