ETF dates, price speculation, advice required

[very_452001]

Hi all,

I'm new here and new to Bitcoin so I like to apologise in advance for asking newbie questions that may be already answered before. Yeah we all start off crawling before walking

So are there 3 ETF dates? I understand 1 of them is on March 11th in a couple of weeks that is a COIN ETF. What dates are the other 2?

What is a COIN ETF?

If ETF is approved on March 11th then does that mean Bitcoin can register on the famous financial markets such as FTSE, Dow Jones etc?

Will bitcoin reach its highest price on March 10th or will the Chinese do some market manipulation before that date to crash the price so they buy cheap and sell high after the ETF is approved?

What happens if ETF is disapproved on March 11th, does that mean there will be a genuine price crash?

Thanks,

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[Yakamoto]

I've only heard of the March 11th date, I have never heard of either of the two other dates you're referring to. I think the March 11th one is the more important one out of all of them.

If it is approved then it becomes a publicly traded ETF like every other ETF iirc, however I don't think it will end up registering itself.

Bitcoin will likely hit its highest price on March 10th, if it is rejected. If it is approved, probably panic buy.

[Pettuh4]

I've only heard of the March 11th date but I'm told there's been 2 denials already so I don't know if you're looking for the dates of the previous denials?

[GreenBits]

I'm concerned due to the effect of the "Trump Bump". Traditional markets are in a bubble, wall Street is riding high on the idea of corporate tax cuts. At the same time, bitcoin is peaking, ALONG with gold. This makes no sense. A strong dollar and surging gold/btc? One of these is false. Capital movement with BTC/AU usually correlates with a weak dollar. That tells me one of two scenarios are about to occur:

A) traditional stock markets crash when everyone realizes that this is unsustainable. Bitcoin will surge, expect 2000.

B) markets continue to surge while btc stagnates at this peak. Investors will be incentivized to move into traditional sectors, and btc will recede. But temper that with the possible approval of the ETF. No idea of the effect, but undoubtedly will be positive for BTC.

[kidoseagle0312]

Hi all,

I'm new here and new to Bitcoin so I like to apologise in advance for asking newbie questions that may be already answered before. Yeah we all start off crawling before walking

So are there 3 ETF dates? I understand 1 of them is on March 11th in a couple of weeks that is a COIN ETF. What dates are the other 2?

What is a COIN ETF?

If ETF is approved on March 11th then does that mean Bitcoin can register on the famous financial markets such as FTSE, Dow Jones etc?

Will bitcoin reach its highest price on March 10th or will the Chinese do some market manipulation before that date to crash the price so they buy cheap and sell high after the ETF is approved?

What happens if ETF is disapproved on March 11th, does that mean there will be a genuine price crash?

Thanks,

I just don't understand why many of the members here I don't know if they are feeling worrying about what will happen with the decision of SEC to ETF, even there's already 2 denials done and this is you know. In my point of view about this matter, I think some of the community will get panic if etf will be denied due to they've been thinking that the price of bitcoin will crash or what, but that's not going to be happen for sure.

[aardvark15]

I'm concerned due to the effect of the "Trump Bump". Traditional markets are in a bubble, wall Street is riding high on the idea of corporate tax cuts. At the same time, bitcoin is peaking, ALONG with gold. This makes no sense. A strong dollar and surging gold/btc? One of these is false. Capital movement with BTC/AU usually correlates with a weak dollar. That tells me one of two scenarios are about to occur:

A) traditional stock markets crash when everyone realizes that this is unsustainable. Bitcoin will surge, expect 2000.

B) markets continue to surge while btc stagnates at this peak. Investors will be incentivized to move into traditional sectors, and btc will recede. But temper that with the possible approval of the ETF. No idea of the effect, but undoubtedly will be positive for BTC.

We're past due for a recession and have been for a few years. I think we will have a recession soon. But we can't really say for sure because the stock market rise after the election was not expected based on the "experts". The market is reacting to potential deregulation and corporate tax cuts like you are saying. At some point though, something will bring the markets down and it could be a big drop.

[nyanhtet]

If you are newbie, should wait till ETF. Don't buy BTC. Now it is overvalued.

[Zaun]

If you are newbie, should wait till ETF. Don't buy BTC. Now it is overvalued.

I tend to agree on this, however there is still  other factors that can make the price go up. With the ETF we may see 2k this year.
Without the ETF (Negative decision) I still think we see a price of 1400 at the end of this year.

[aardvark15]

Hi all,

I'm new here and new to Bitcoin so I like to apologise in advance for asking newbie questions that may be already answered before. Yeah we all start off crawling before walking

So are there 3 ETF dates? I understand 1 of them is on March 11th in a couple of weeks that is a COIN ETF. What dates are the other 2?

What is a COIN ETF?

If ETF is approved on March 11th then does that mean Bitcoin can register on the famous financial markets such as FTSE, Dow Jones etc?

Will bitcoin reach its highest price on March 10th or will the Chinese do some market manipulation before that date to crash the price so they buy cheap and sell high after the ETF is approved?

What happens if ETF is disapproved on March 11th, does that mean there will be a genuine price crash?

Thanks,

I just don't understand why many of the members here I don't know if they are feeling worrying about what will happen with the decision of SEC to ETF, even there's already 2 denials done and this is you know. In my point of view about this matter, I think some of the community will get panic if etf will be denied due to they've been thinking that the price of bitcoin will crash or what, but that's not going to be happen for sure.

If the ETF is denied, the price will definitely drop and it could be a big drop since the price has spiked so high lately.

If the ETF is approved, the price could increase even with the built in increase. Back before the halving, the price increased and then didn't go up much after the halving, but we all knew the halving would happen. This time we don't know if the ETF will get approved.

[Senor.Bla]

If i am not wrong then there are two more Bitcoin ETF in the making, so this could be the dates you are asking for. But right now only the winklevoss ETF is important. People expect the ETF to be accepted so you can assume that some of the price rise is because of that. If approved most expect the price to rise further. If not, then many expect a decline (many want to make a quick buck and not hold for a long time, so they will sell) and the question is how low will Bitcoin go. Chances are about 50%, but this is my opinion. Because of this uncertainty we will see some movement. If you want to hold long time (a couple of years) this decision will not make an big impact on your winnings. But if you want sell this year, then this decision will have an impact and i would not recommend to speculate on it. If you want to invest $1000 then buy now for $500 and for another $500 after the decision. This will minimize your risks/reward.

[BitcoinPanther]

If you are newbie, should wait till ETF. Don't buy BTC. Now it is overvalued.

There are already some correction, this probably the best time to buy BTC, I can see this a correction before surging up again.  ETF everywhere, it seems it really give a hype and the optimistic approach of speculators on this will surely make the price increase until the decision is given.

[shinratensei_]

If you are newbie, should wait till ETF. Don't buy BTC. Now it is overvalued.

There are already some correction, this probably the best time to buy BTC, I can see this a correction before surging up again.  ETF everywhere, it seems it really give a hype and the optimistic approach of speculators on this will surely make the price increase until the decision is given.

I think the correction have passed https://bitcoinwisdom.com/markets/bitfinex/btcusd and in my speculation, if we will see the green candle in a short time.

[error08]

If i am not wrong then there are two more Bitcoin ETF in the making, so this could be the dates you are asking for. But right now only the winklevoss ETF is important. People expect the ETF to be accepted so you can assume that some of the price rise is because of that. If approved most expect the price to rise further. If not, then many expect a decline (many want to make a quick buck and not hold for a long time, so they will sell) and the question is how low will Bitcoin go. Chances are about 50%, but this is my opinion. Because of this uncertainty we will see some movement. If you want to hold long time (a couple of years) this decision will not make an big impact on your winnings. But if you want sell this year, then this decision will have an impact and i would not recommend to speculate on it. If you want to invest $1000 then buy now for $500 and for another $500 after the decision. This will minimize your risks/reward.

Good decision to spend a half of the capital, I agree with it. However, I suggest to buy now instead of waiting for winklevoss ETF get approval/disapprove on March 11th as the price may increase again to $1200 even more until March 10th. You won't lose even though SEC will not approve ETF, just sell your bitcoin but I hope to hold for several weeks. However, if ETF get approval, panic buy maybe happen and everyone will follow to buy as much as they can.