11th March, SEC approve or not bitcoin in ETF

[simadr]

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

[Eodguy149]

You're definitely asking people to speculate because no one really knows for sure! I think that most people would agree that if the rule change is approved then the price will increase. If it is rejected it will most likely go down. That being said there is always the argument that either of those things has already been priced into the market, or that the market will wait on the other ETF's that are waiting for approval and not affect price that much. We will have to wait and see!

[LFC_Bitcoin]

Will there be a boom in price if it's approved - Yes
Will there be a dump if it's rejected - Some exent of a dump I guess so
Will it be approved - There's supposed to be a less than 30% chance unfortunately

[digaran]

Depends on the performance of the network, I believe recent delays and attacks were somehow related to this matter like they were testing the entire network. hopefully they approve it that is a step forward for bitcoin.

[davis196]

Will there be a boom in price if it's approved - Yes
Will there be a dump if it's rejected - Some exent of a dump I guess so
Will it be approved - There's supposed to be a less than 30% chance unfortunately

30% chance of approval is pretty high,i think the chance is less than 1%.
People who are not familiar and skeptical about bitcoin think that btc is just a bunch of code used for money laundering schemes.Bitcoin still has bad reputation and this can`t be changed for one month.

[Slow death]

I saw this theme in Coindesk days ago

Interesting article because they make impact analysis that the price would suffer

Read the article here


http://www.coindesk.com/charts-etf-approval-impact-bitcoins-price/

[alyssa85]

The current increase in price is down to speculators buying because they think the ETF might be approved. Of course they might take profits as we get nearer the decision.

It is also possible that the SEC does not make a decision but instead postpones it again, asking for further information.

[BrewMaster]

i can't possible tell you for sure about whether or not they are going to approve the ETF but i am almost certain about one thing. and that is the price rise that can come because of the approval.
this particular thing has been the hot news of late and everywhere you look people are talking about it and getting their hopes up. and this alone can cause a rise.

- don't expect moon though!

[rogerwilco]

I saw this theme in Coindesk days ago

Interesting article because they make impact analysis that the price would suffer

Read the article here


http://www.coindesk.com/charts-etf-approval-impact-bitcoins-price/

This article essentially says that an ETF rejection would not impact the price. Or at the most, cause it to return to the support line at $900.

To me, this is far more reasonable than people speculating it would drop to $700 or even $500. The upside of approval is that NEW money will be flowing in, but in the case of rejection, a dump would require OLD money to flow out. In this scenario, new money would simply never enter the market and thus never impact the price. So any premonition about a dump is a claim that only concerns old money. Sure, maybe some of it is trying to flow in now to get in before the ETF money does, and therefore would leave again once it's rejected. But how prevalent is that sentiment really? I've never heard anyone say "I'm buying bitcoin strictly in the hopes of rapid appreciation in case there's an ETF." Most people are in for other reasons, whether they be short term traders, long term hodlers, miners, etc.

[Grdas130979]

I suppose as we close to 11 March, the talk will grow bigger, its a very interesting moment for BTC. I would like to read everything about the desision no matter if it is approved or not.

[cellard]

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

We may not see a drop if the ETF is not approved, just like we didn't see a drop recently after PBOC launched another missile after they claimed they would delay withdraws for more time.

Bitcoin is growing up to be independent. If there is no ETF, we may dip a bit, or nothing at all, but if you have shorts set, and we pump really hard, you will go broke, so caution with those shorts.

[afbitcoins]

In the long run I think probably better not to have any ETFs. Maybe they are inevitable though. As long as the ETF holdings are transparent on the blockchain they will stay honest, but will that be the case?

[numismatist]

The current increase in price is down to speculators buying because they think the ETF might be approved. Of course they might take profits as we get nearer the decision.

It is also possible that the SEC does not make a decision but instead postpones it again, asking for further information.

As a result of that those processes do repeat, just another speculators wave to ride following up. Aren't we all happy about that?

[cengsuwuei]

what is effect to bitcoin price is sec can rejected about bitcoin
but is during 2009 - 2017 sec and ETF not supported bitcoin, bitcoin still run and no problem in transaction

[pitham1]

In the long run I think probably better not to have any ETFs. Maybe they are inevitable though. As long as the ETF holdings are transparent on the blockchain they will stay honest, but will that be the case?

Why not? What difference does it make whether people buy and sell bitcoins directly or through the ETF?
The ETF would result in new investors coming to Bitcoin and that is a positive.

[RoommateAgreement]

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

if you want to invest in bitcoin, the only thing tha you need to know about bitcoin is that its price is rising and it is going to rise because there will always be an increasing amount of demand for bitcoin and the supply is not rising with the same rate and it has a cap.
the ETF you are talking about will cause this demand to rise at a higher rate which means a faster price rise for bitcoin specially in short term.

[Denker]

The chance for an approval is imo not very likely.
I can not imagine SEC giving thumbs up.
Not sure what the market expects to happen, but a decline in price by an negative announcement is the most likely outcome.
Maybe down to 800 or so.No idea.Just wild guessing.But I'm sure the shorters are already prepared and waiting!

[MiladMax]

I don't think they approve ETF also i'm not expecting a big price drop as well.

[rogerwilco]

The moment of truth isn't when the SEC rejects Bitcoin, it's when Bitcoin rejects the SEC.

[arbitrage001]

Market pricing the odd at around 38%