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Author Topic: Bitcoin ETF approval and alts.  (Read 2545 times)
dj_andreasgr
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March 08, 2017, 09:20:57 PM
 #21

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

My speculation is that most altcoins will be sold but a good amount of them will rise in sync to BTC. See which ones copy-paste the BTC trend and you will get the picture..ETF will bring tons of new money in BTC and will spillover to other alts as well since BTC is way too high priced.

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March 08, 2017, 11:36:10 PM
 #22

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

My speculation is that most altcoins will be sold but a good amount of them will rise in sync to BTC. See which ones copy-paste the BTC trend and you will get the picture..ETF will bring tons of new money in BTC and will spillover to other alts as well since BTC is way too high priced.

What make you think that bitcoin is priced too high?

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March 09, 2017, 07:19:30 AM
 #23

Two days left. Any new news?

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March 09, 2017, 07:29:21 AM
 #24

Two days left. Any new news?

Here's the news, price of bitcoin and most alts when down a lot in the last 24 hours.

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March 09, 2017, 07:42:21 AM
 #25

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

we will very soon find out the result of ETF and see how the market reacts but it is usually pretty hard to predict the reaction for bitcoin which is the most affected by this news let alone predict about altcoins. they usually change with bitcoin price but you can never make a rule out of it.
when bitcoin rises sometimes it takes some of the coins with it to the top but most of the time other altcoins crash because of this bitcoin rise simply because traders cash out to go back to bitcoin and remove their buy support from those coins.

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March 09, 2017, 08:12:55 AM
 #26

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?

It is likely that bitcoin ETF will give a good effect. For there will surely be many investors or people who are getting to know, and also to use it. you don't need to worry to news created by those who do not know or those who're bitcoin coveting its growth. If you are not sure of the growth of the bitcoin, it would be better you save it and wait until the price giving your profits


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March 09, 2017, 09:01:52 AM
 #27

Two days left. Any new news?

Here's the news, price of bitcoin and most alts when down a lot in the last 24 hours.

Why is the price suddenly going down before ETF? I was expecting lot of people to grab btc before ETF news comes out

COVESTING
   
   
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March 09, 2017, 09:25:59 AM
 #28





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March 10, 2017, 06:53:17 AM
 #29


Unexpectedly mostly everyone who saw the video agrees. Can't wait for the decision!
Silberman
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March 10, 2017, 07:09:04 AM
 #30

I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?
If bitcoin gets in a huge bubble then that will soak money out of the altcoins since everyone will want to get in bitcoin to try to get a share of the profits, but some of the best altcoins could also do well in those circumstances.

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jacaf01
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March 10, 2017, 08:02:38 AM
 #31


Unexpectedly mostly everyone who saw the video agrees. Can't wait for the decision!

Anyone that is not playing to gallery will know that ETF is a bad move for Bitcoin, there will be so many price manipulation which may likely go out of control and even centralisation.

I don't see the need for ETF, have you heard of USDETF or EUROETF, the concept is against what Satoshi designed Bitcoin to be, why do I need someone to control my Bitcoin for me. Once you have your wallet and internet you are good to go.

..C..
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Pipesnake
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March 10, 2017, 08:30:44 AM
 #32


Unexpectedly mostly everyone who saw the video agrees. Can't wait for the decision!

Anyone that is not playing to gallery will know that ETF is a bad move for Bitcoin, there will be so many price manipulation which may likely go out of control and even centralisation.

I don't see the need for ETF, have you heard of USDETF or EUROETF, the concept is against what Satoshi designed Bitcoin to be, why do I need someone to control my Bitcoin for me. Once you have your wallet and internet you are good to go.

Yes even I am not in favour of ETF...We need decentralized token and bitcoin was on top of it and now looks like it will be like any other average currency

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March 10, 2017, 08:51:56 AM
 #33


Unexpectedly mostly everyone who saw the video agrees. Can't wait for the decision!

Anyone that is not playing to gallery will know that ETF is a bad move for Bitcoin, there will be so many price manipulation which may likely go out of control and even centralisation.

I don't see the need for ETF, have you heard of USDETF or EUROETF, the concept is against what Satoshi designed Bitcoin to be, why do I need someone to control my Bitcoin for me. Once you have your wallet and internet you are good to go.

Yes even I am not in favour of ETF...We need decentralized token and bitcoin was on top of it and now looks like it will be like any other average currency
The bitcoin etf will make the bitcoin will become the centralized currency, and it's just a business by the winklevii, they just think about the money and money. LOL

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March 10, 2017, 07:04:58 PM
 #34

I think someone has an information we don't have, the price manipulation has started and I expect the decision to be made public soon. I believe someone is shorting Bitcoin and some gullible traders are going to fall on his knife.

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March 10, 2017, 08:10:52 PM
 #35

Two days left. Any new news?

Here's the news, price of bitcoin and most alts when down a lot in the last 24 hours.

Why is the price suddenly going down before ETF? I was expecting lot of people to grab btc before ETF news comes out

Happening now and alt coins will drop. Will be good to buy cheap alt as people will take profits the next ATH.

 
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March 10, 2017, 09:17:44 PM
 #36

Two days left. Any new news?

Here's the news, price of bitcoin and most alts when down a lot in the last 24 hours.

Why is the price suddenly going down before ETF? I was expecting lot of people to grab btc before ETF news comes out

Happening now and alt coins will drop. Will be good to buy cheap alt as people will take profits the next ATH.

Disapproved, celebration time, c'monn. Green lights for altcoins. I was really in depression during the hard rise of Bitcoin but I was aware that after ETF will be disapproved alts will pump hard.

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March 10, 2017, 11:29:25 PM
 #37

We saw a sharp increase in XMR/XBT in response to the ETP rejection by the SEC. https://poloniex.com/exchange#btc_xmr

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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March 11, 2017, 02:28:25 AM
 #38

Two days left. Any new news?

Here's the news, price of bitcoin and most alts when down a lot in the last 24 hours.

Why is the price suddenly going down before ETF? I was expecting lot of people to grab btc before ETF news comes out

Happening now and alt coins will drop. Will be good to buy cheap alt as people will take profits the next ATH.

Disapproved, celebration time, c'monn. Green lights for altcoins. I was really in depression during the hard rise of Bitcoin but I was aware that after ETF will be disapproved alts will pump hard.
But the bitcoin still need the correction for their price. and i think we will see the bitcoin is back again into the middle level and leave the bottom.

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March 11, 2017, 06:58:24 AM
 #39

Disapproved, celebration time, c'monn. Green lights for altcoins. I was really in depression during the hard rise of Bitcoin but I was aware that after ETF will be disapproved alts will pump hard.
But the bitcoin still need the correction for their price. and i think we will see the bitcoin is back again into the middle level and leave the bottom.
Bitcoin prices may test below $1000 levels in upcoming days but I am not sure that would be the signal for altcoin bumps. The big problem with altcoin is, usually they do fail to keep their investors and traders attracted toward it all the times. Investors and traders keep on switching into new coins all the times then how you can expect prices to bounce back.

New altcoins will keep on hit the market and people will invest and book profit and then will forget when they see another new altcoins. So far this is the history how altcoins market worked and if history repeats itself then we can keep on seeing blood bath everywhere of alt markets.


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Arvydas77
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March 11, 2017, 10:42:58 AM
 #40

Disapproved, celebration time, c'monn. Green lights for altcoins. I was really in depression during the hard rise of Bitcoin but I was aware that after ETF will be disapproved alts will pump hard.
But the bitcoin still need the correction for their price. and i think we will see the bitcoin is back again into the middle level and leave the bottom.
Bitcoin prices may test below $1000 levels in upcoming days but I am not sure that would be the signal for altcoin bumps. The big problem with altcoin is, usually they do fail to keep their investors and traders attracted toward it all the times. Investors and traders keep on switching into new coins all the times then how you can expect prices to bounce back.

New altcoins will keep on hit the market and people will invest and book profit and then will forget when they see another new altcoins. So far this is the history how altcoins market worked and if history repeats itself then we can keep on seeing blood bath everywhere of alt markets.

The problem is not with altcoins the problem is with people who are wasting their money in scam shitcoins.

What advantages over alts has BTC?

1. Transactions fees? No
2. Transactions speed? No
3. Anonymous coin? No
4. Volatility? Check price movement yesterday if you think that BTC is very stable! So, no.
5. Store of value? Check any book of economics and find out what is "store of value". The premise of store value is that it hasn't high volatility rates. Nobody will put their money in BTC except speculators and venture capitalists. Bitcoin isn't a good option of store of value because it is to volatile and risky. 
6. Speculation. The only thing Bitcoin does. Yes, it is volatile as hell and you can make money from this.
7. Cheap and efficently functioning network? No
8. Strong and unaminous community? No.
9. Safe network. Yes?

To sum up, altcoins (the best of them), for example NEM, has many advantages over BTC.

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