Bitcoin ETF approval 72% favour?

[lionheart78]

the key is to stop the debate from two opposite directions or greedy for an argument, to rethink the future of bitcoin at least they really find a solution not to compete who should be heard for Segwit or BU

I would rather have them the debate than working silently surprising us of the hidden catch of their plans.  Debating in a  healthful way like pointing out flaws and possible negative effect to the users when time come is good.  Aside from that both party will make their best to deliver the best possible solution even taking each opposing party's point to make the best out of it.


It is good to see 72% are in favor of ETF approval, I think those users who are not in favor are wanting to accumulate Bitcoin more since once ETF is approved, we can see Bitcoin price to gradually increase and it will be much expensive for them to buy BTC.

[richardsNY]

The insider traders have already grabbed their share of the profits.... The people hanging around now, are only people who got swayed by the

hype. We have seen what New York did with the BitLicence and history will repeat itself with this ETF. The masters behind the riches of this world

will not allow the ETF to go through and they think this will stop Bitcoin. They have not seen anything yet, this is just the beginning. 

How do you already know that insiders have taken profits, which directly translates into you assuming that the ETF won't come through? If that was really the case, then the price would jump up to far higher levels where the dump would be felt immensely. So far we have gone through normal dumps that most long term Bitcoiners are very familiar with. That aside, this ETF isn't so big that it will do much damage to Bitcoin. At worst a denial will result in a possible test of $1000 which I believe will hold.

[FiendCoin]

The insider traders have already grabbed their share of the profits.... The people hanging around now, are only people who got swayed by the

hype. We have seen what New York did with the BitLicence and history will repeat itself with this ETF. The masters behind the riches of this world

will not allow the ETF to go through and they think this will stop Bitcoin. They have not seen anything yet, this is just the beginning. 

How do you already know that insiders have taken profits, which directly translates into you assuming that the ETF won't come through? If that was really the case, then the price would jump up to far higher levels where the dump would be felt immensely. So far we have gone through normal dumps that most long term Bitcoiners are very familiar with. That aside, this ETF isn't so big that it will do much damage to Bitcoin. At worst a denial will result in a possible test of $1000 which I believe will hold.

If there is a rejection, which at this point is highly unlikely I think, there will be a 20-50% temporary drop in price. Again, a TEMPORARY drop. The price will recover by the end of the year regardless, unless BU splits the blockchain, then all bets are off as far as how far we drop and how long we stay there.

[Skarner21]

The insider traders have already grabbed their share of the profits.... The people hanging around now, are only people who got swayed by the

hype. We have seen what New York did with the BitLicence and history will repeat itself with this ETF. The masters behind the riches of this world

will not allow the ETF to go through and they think this will stop Bitcoin. They have not seen anything yet, this is just the beginning. 

How do you already know that insiders have taken profits, which directly translates into you assuming that the ETF won't come through? If that was really the case, then the price would jump up to far higher levels where the dump would be felt immensely. So far we have gone through normal dumps that most long term Bitcoiners are very familiar with. That aside, this ETF isn't so big that it will do much damage to Bitcoin. At worst a denial will result in a possible test of $1000 which I believe will hold.

If there is a rejection, which at this point is highly unlikely I think, there will be a 20-50% temporary drop in price. Again, a TEMPORARY drop. The price will recover by the end of the year regardless, unless BU splits the blockchain, then all bets are off as far as how far we drop and how long we stay there.

I'll hope that ETF won't affect the price of bitcoin if ETF will rejected since i think this is not the reason why the price for bitcoin right now are still increase back after down yesterday.. 
And i think ETF approval has only small chance to be approve..

[richardsNY]

The insider traders have already grabbed their share of the profits.... The people hanging around now, are only people who got swayed by the

hype. We have seen what New York did with the BitLicence and history will repeat itself with this ETF. The masters behind the riches of this world

will not allow the ETF to go through and they think this will stop Bitcoin. They have not seen anything yet, this is just the beginning.  

How do you already know that insiders have taken profits, which directly translates into you assuming that the ETF won't come through? If that was really the case, then the price would jump up to far higher levels where the dump would be felt immensely. So far we have gone through normal dumps that most long term Bitcoiners are very familiar with. That aside, this ETF isn't so big that it will do much damage to Bitcoin. At worst a denial will result in a possible test of $1000 which I believe will hold.

If there is a rejection, which at this point is highly unlikely I think, there will be a 20-50% temporary drop in price. Again, a TEMPORARY drop. The price will recover by the end of the year regardless, unless BU splits the blockchain, then all bets are off as far as how far we drop and how long we stay there.

It's fantastic that the ETF will be a great help to get institutional investors on board, but it's not such a major development that it will crash down the price with 50% in case of a denial. Even not for a very short time. Especially when you consider that it's the demand that accounts for the majority of the growth that the price experienced so far. The only thing that has the ability to push the price down that far is the ongoing block size "war" between different sides. And then more the negative results.

[Wesimon]

It seems around 72% of public is in favour of bitcoin ETF approval.The other 28% have raised the issue i.e., the fear of hard fork.Will Bitcoin ETF will be approved soon?

It is better if we just wait for the decision of ETF's approval. No speculations. Whatever the result is, bitcoin is in good path.

[batang_bitcoin]

I want to know where that percentage you got from, any source of it? Well most of the bitcoin community is in favor of ETF though the question is really tough which SEC is the one that will answer it. We don't have choice for now and wait what will be the decision of it. But many of us here are hoping that it will be approved.

https://cointelegraph.com/news/why-bitcoin-etf-approval-is-likely-72-percent-in-favor-so-far

Cointelegraph is well known for promoting even scams as we have seen in it's history of posting . You just pay them a good amount of money and they can write whatever you ask them. 72% sounds not very plausible to me and I think this statistic is wrong. Anyway I am waiting for the 11 March.

Those cases you are mentioning is different from this and well the real is that I don't know if that 72% is believable. Though this is for the good of us if approval does have higher approval rate rather than decline. 1 more day to go or I've read somewhere here on forum that ETF approval will on the 13th? Well regardless of the date, it's coming near.

[piloder]

It seems around 72% of public is in favour of bitcoin ETF approval.The other 28% have raised the issue i.e., the fear of hard fork.Will Bitcoin ETF will be approved soon?

Only public is in favour of bitcoin ETF but not the SEC (Securities and Exchange Commission ) and they are the one who have to give approval. So i don't think bitcoin ETF will be approved today (March 10) by them. I am thinking about buying more bitcoin if there will be some price correction after this.

[Searing]

Still think there is no way the ETF will pass. As a Bureaucracy...ie keep our gov't jobs with as little risk as possible..why add to the work?...the safe bet is to punt it down the road and say you are looking other alternative ETF's down the road..and everything has to 'simmer' longer on a decision...just what I think

then again 800 usd BTC again would be 'rather nice'

on the other hand

1500 plus BTC would also be nice

I see no way to lose on this ..whatever they decide

[Idrisu]

From what i read most favour that ecision will be negative. And btw it will be on 13th not 11th. As it's saturday.

I also think in line with what you have read if favour of that decision will be negative then what is the need of approving it now? But because of the panic and speculation it has generated disapproval will create havoc to bitcoin as many will sell off bitcoin out of panic.