Price will not crash if the ETF is rejected

[cellard]

I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

[harizen]

I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

Disregarding all the technical aspects related to ETF, bitcoin will grow even without that happening. Yes it's a big factor but just saying that bitcoin can established a good price with only community's support and it was proven since the commencement of operations of this crypto.

ETF hype already created lots of speculations whether it will increase the bitcoin price or not. The bottom line here is the people's view and how will they react to the market just like the halving speculations made last year.

Going back to reality, if ETF won't approved I see no price crash that will happen. Yes a correction price will established which is a good event after some huge price increase but it will not take the price to a considered "disappointment" price range.

[york780]

I expect 900-1000 range. Thats the bottom.

[Snorek]

It is hard to say that current ATH price of bitcoin is here to stay. At least now we know that it wasn't short lived bubble like that mad race in 2013.
But 'permanent' is just not a word you can find in bitcoin's glossary of terms, as far as we know price be get back to pre $800 level and no one will skip a beat.
It is obvious that high price is boosted by ETF drive, but the question is how much? Because there is no high chance for ETF approval in the first place.

[Leonard2016]

I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

exactly.
and sadly many people don't even understand this. and they will soon lose a lot of money.

if you see the manipulators are setting up the groundwork right now. there are a lot of newbie accounts repeating $800 and $900 prices over and over in all the topics and then signature spammer idiots repeat them afterwards without knowing why.

soon there will be a dump and they all panic sell and price won't even go that far down but those idtiots sell and whales become richer once again.

[guigui371]

2017 price raise is nowhere near the 2011 and 2013 ones (from a few $ to 30 and then from a few hundred to 1100$).
I'm in for the long run, everytime i sold, it went up.

Not changing my strategy.
There is way to much FUD about the ETF.

People believe that the following day all the traders from wall street will be : BUY ALL .... not gonna happen overnight.

[The Sceptical Chymist]

It is hard to say that current ATH price of bitcoin is here to stay. At least now we know that it wasn't short lived bubble like that mad race in 2013.
But 'permanent' is just not a word you can find in bitcoin's glossary of terms, as far as we know price be get back to pre $800 level and no one will skip a beat.
It is obvious that high price is boosted by ETF drive, but the question is how much? Because there is no high chance for ETF approval in the first place.

This is true.  I actually wasn't expecting to get anywhere near a new ATH this soon.  In fact, I pretty much wrote off bitcoin in 2014, before buying some for the first time in '15.  Anyhow, I don't know how much of this price movement has to do with this ETF, but bitcoin can and will survive without it, if it comes to that.  I'm still not sure what advantage introducing a derivative into the bitcoin world is, except whales can come in and buy freely without worrying about buying up every single satoshi and moving the price up a few thousand dollars. 

I'm financially naive, however.  It'll be interesting to see what happens if/when the ETF does get approved.  March 11th, correct?

[pooya87]

this is how bitcoin market works these days, maybe in a couple of years it grows bigger and exchanges grow bigger so newbies become irrelevant in how price changes.
the news like this always change the course of price temporarily, i agree that it won't crash but we will surely see a drop even small if it is rejected because many weak hands see that as a crash and run away. and the funny part is this is not the first time and not the first news and won't be the last.

the only thing that we can do is taking advantage of this to make a bigger profit. why just let whales make profit

[oaks05]

if the ETF gets rejected it will drop under 1000 in my opinion, not really a bad thing its to be expected, A price crash like a couple years ago though no not a chance.

[Carlsen]

I do not think it will crash.
It might drop a little, but it will not crash.
Most of the guys who know what they are talking about already predict that ETF will not be approved, so it will not be a surprise.
Maybe a few of the small speculants try it anyway, and they sell after a negative vote. But I can not imagine big investors moving in when chances are against them.

[shannen87]

Upon ETD rejection, BTC price won't get crashed.
It will drop -15/-20% MAX. from current price.
So don't except prices under $1000 in any case.
MARK my words.

[cengsuwuei]

if ETF not aprove bitcoin, i think bitcoin price can crash and very down price
my prediction is much people panic selling too, bitcoin price can range 700 - 900 dollar bitcoin,
but if bitcoin user not panic selling, bitcoin price can still above 900 dollar, maybe still 1000 dollar/bitcoin

[Teraboy]

if the ETF gets rejected it will drop under 1000 in my opinion, not really a bad thing its to be expected, A price crash like a couple years ago though no not a chance.

$1000 is the maximum decrease the price of bitcoin, because bitcoin has the strong support right now, a lot of the new demands according to the stat of the bitcoin network and the demand is always increase everytime.

[virasisog]

For the mean time in my own speculation maybe its has a big effect on bitcoins price on its ATH .
But then if ETF is not approved it has effect also on bitcoins price to dump .Not worrying about this because it will not stop the bitcoins price .Bitcoins can stand alone and ETF if not this time, it will will go for the long term process .

[OmegaStarScream]

How It means nothing? It definitely means something as the price is simply based on demand and supply, people who bought only and only hoping to make some profit from the ETF will see no results after the ETF and that will simply make them sell their coins and the price will decrease or crash (depends on how much bitcoins were bought in the first place)

[Searing]

I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

That is my thinking....if it does not pass...800 to 900 coin and it pops back to around ATH in a month, due to strong fundamentals imho

If the ETF does pass..then buy like heck because the mother of all pumps is coming and the new floor will likely (again imho) be around 1500 usd at worst)

thus perfect....moon buy...bust buy..as a long term holder it is even more obvious then normal when to buy

[NUFCrichard]

I think a lot of people is going to go bankrupt with their short expectations.

ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.

So you don't think it will rise sharply if it is accepted then?   The price now will lie between the price of if the ETF is accepted and if it is rejected.

Apparently there is a 1/3 chance it will be accepted and a 2/3 chance of rejection. So the price rise should the ETF be accepted should be double the fall if it is rejected. Still we don't know how much is priced into the market, except that we are at ATHs.

There are obviously not too many shorts at the moment, that is why the price is at an ATH and rising!

[Seansky]

Well it will not really crash like everyone expects it too since bitcoin is strong unlike in the past 2013 where it can be easily manipulated. I just expect a correction to a little near 1000$ or sub 1000$ but it will be back up again. I really do hope that ETF will be accepted so that I can receive more money from converting bitcoin since I always convert to fiat. If it is rejected, I guess I will rebuy again to gain the btc that I lost in converting to fiat.

[Reid]

There is no ETF when this price grow way high.
I think it will not affect that too even if accepted or not.
This is a good thread to open up the minds of those who think there will be a big change like the one posted way up there saying it will go down to $900. Pfft.
Even if it gets accepted there wont be much of a change.

[Red-Apple]

Upon ETD rejection, BTC price won't get crashed.
It will drop -15/-20% MAX. from current price.
So don't except prices under $1000 in any case.
MARK my words.

you are just repeating the same $900 false speculation with other words. and i have to tell you 20% drop is way too big for just an ETF rejection. price needs much more than that to drop that much.
and even if by some miracle some whales dumped it down to lower than $1000 it will jump back up immediately.