Bitcoin ETF: Better rejected or approved?

[bitcoineverything]

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? 

[1Referee]

The ETF is useful in the way that it would allow institutions to take a serious position into Bitcoin (even though they would not directly own Bitcoin). It would help the price to move faster to higher price levels, and thus be beneficial for basically every holder. But if you look at how things are without this ETF, then it won't have a single impact on how Bitcoin will keep moving further. It's not that this ETF is the only thing for people to hold on to. As long as there is demand, the price will continue to increase. Demand is all that matters. It makes everything else obsolete. Only important thing is that we need to up the block size as it's clearly visible that the demand has greatly outgrown the current poor 1MB cap.

[xuan87]

Of course it will be better if the etf accepted it, it can boost bitcoin price and popularity, if etc accepted it we will see another price rising maybe it can reach until 2000$ in a short period and can stable for a long time and it will give a lot of advantage for investor

[batang_bitcoin]

It would be better if the ETF has been approved because it can help to attract more adopters and as well as newcomers that are willing to invest millions of dollars but let's just move on and forget about this matter. There are a lot of things to work for with bitcoin and let's focus more on the adoption of bitcoin.

[pedrog]

It is better rejected, bitcoin still has a very small market cap, a fund like this would mean Wall Street having power over bitcoin, because whatever chain they say it's the true one would be the one with a lot of money behind it.

They could put a lot of pressure over businesses, developers and miners, better not ETF for at least 3 more years.

[European Central Bank]

we knew about potential etf upsides, but the downsides didn't seem to be explored at all. i'm sure there were some. we're never gonna know. perhaps the obvious one is that it took money away from the bitcoin market never to come back.

[ReLieD]

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys? 

Of course if it would had been accepted than it would have helped bitcoin a lot.
The prices of bitcoin would have rose a lot . But unfortunately according to the recent news.
ETF got rejected but still the prices of bitcoin despite of ETF rejection managed to cross 1200 USD .
This shows how strong bitcoin really is

[ralle14]

Hello Everybody,

We see the price of Bitcoin rise and fall since the start of the year and there are a lot of factors driving it. Generally, it is affected by its rate of adoption, trading/gambling markets, investors and global authorities and issues. We specified three factors of which we think made a big impact on the price of Bitcoin today. One is obviously the recent Bitcoin ETF rejection and other things are mentioned on this article.

So, what can you say about Bitcoin ETF? Is it better rejected or approved? What do you think guys?  

Strange I can't see the article the site won't load for me anyways back to your question.The price went down yes but recovered in a few days after the decision was announced so I wouldn't say that it gave a big impact or one of the three factors. Imo it's better rejected because bitcoin is still facing some problems as of now like the network getting spammed.

[lionheart78]

Price wise ETF is better approved than rejected since as other here said, it will boost Bitcoin price and make people look at Bitcoin more seriously.   This will also bring in new funds from the hesitant observers making then convinced that Bitcoin is not a joke thing and begin to adopt it.

[Zadicar]

We do all know if ETF have been approved then we would really witness the sudden price increase since adoption and acceptance would be there but just as expected they rejected it because of bitcoins features and they dont really like the decentralized thing but it doesnt matter though because even they rejected it bitcoin could still able to manage to increase its price back no matter what.

[~Bitcoin~]

Price may pump hard if ETF got approved but it got rejected and i don't have any hope that in future other bitcoin ETF will get approved. But even this rejection can't harm or stop the natural growth bitcoin have right now. Price will keep rising due to decreasing supply and increasing adoption/demand of bitcoin.

[bamboylee]

We all know the effect of ETF if it gets disapproved but we do not know what will happen if it gets approved. Everything we say here about the effect if it gets approved are all speculations, because we have no basis yet, No ETF has been approved before so no basis to make judgement. I doubt there will be an ETF to be approved in the near future.

[20kevin20]

The ETF is useful in the way that it would allow institutions to take a serious position into Bitcoin (even though they would not directly own Bitcoin). It would help the price to move faster to higher price levels, and thus be beneficial for basically every holder. But if you look at how things are without this ETF, then it won't have a single impact on how Bitcoin will keep moving further. It's not that this ETF is the only thing for people to hold on to. As long as there is demand, the price will continue to increase. Demand is all that matters. It makes everything else obsolete. Only important thing is that we need to up the block size as it's clearly visible that the demand has greatly outgrown the current poor 1MB cap.

I don't think Bitcoin was meant to be used in institutions but in situations where your anonymity is the one that matters the most. The ETF rejection was better in my opinion because otherwise steps would be taken until well have the least anonymity possible. I prefer not having to deal years later with the government that wants to know where is all my Bitcoin money and to impose taxes on it.

[Creepings]

Way better if it is accepted, it will be a good asset for everyone who likes it.

[KuromaYoichi]

It is better if ETF was approved as bitcoin will have another jump in price because of the new funds coming in ,and bitcoin will gain more popularity. But as you can see etf was rejected there's still a lot of demand for bitcoin, the price is stable and keep growing and i think this is good enough for now.

[Kprawn]

In my opinion it was better that it was rejected. Yes, the sudden price spike would have made some people a bunch of money, but they would

have came in and bought a bunch of bitcoins {shares in bitcoins} and this would have been only temporary. Then they sell, take the profits and

run. It is a free market, but do we need brokers hyping up the price and selling huge chunks and making the currency even more volatile than it

is now. 

[Soul Reaper]

Even though ETF got rejected ,
but still the prices of bitcoin despite of ETF rejection managed to cross 1200 USD .
Also we can see that the rate if price rise of bitcoins ,
Has always been more than its price fall.
And also it has reached a fucking 1200$,
It is not at all less from the time when it was not even 1 $ for 1BTC.
So we can never say that bitcoin has even been rejected among the people anytime.

[TravelMug]

It is better if ETF was approved as bitcoin will have another jump in price because of the new funds coming in ,and bitcoin will gain more popularity. But as you can see etf was rejected there's still a lot of demand for bitcoin, the price is stable and keep growing and i think this is good enough for now.

And it was approved, we will definitely see a jump in prices because a lot of cash will flow on the bitcoin economy. The only effect I see in the rejection had "dashed" the "hopes that bitcoin would move towards mainstream finance. Meaning it will be difficult to be mass adopted, however, I still see a good future in bitcoin and this ETF rejection will only delay the inevitable, which is bitcoin will be accepted globally.

[CraigWrightBTC]

Of course bitcoin ETF is better approved because there are valid rules for the people, investors, traders
 who will make investments into bitcoin, they are not fears investments into bitcoin
also bitcoin's price will going up although right now bitcoin is still survive without approval,
but more good if bitcoin ETF be approved.

[Ayers]

if EFT was approved we wuld sitting on 10k value right noe, how can you think this is not a good thing? EFT would bring very rich investment in the bitcoin ecosystem can't be a bad thing, but despite thi bitcoin is holding strong i like it, this mean that bitcoin can grow without anything supporting it