ETFs

[Jating]

Approval of ETFs will take some more time but not too long.

But I guess its inevitable.

I think it won't be accepted in the next one month for example because we still have a lot of ways to go however I do not believe it will be later than 2020 neither. Hence, anything between 2019 and 2020 would be a wise assumption, it will during the year 2019 but when it will be I have no idea, depends on what the SEC looking for in an ETF before they accept it.

Yes, I won't see SEC accepting it this year, perhaps in the next 1-2 years when they have grasp how this market works and how "manipulation" can be reduced then that's they time we might see them giving it a go signal.

If it is the demand than we can be assured that there is a huge demand for a bitcoin ETF and we will eventually get it however if it is "would having a bitcoin ETF affect anything" then we might have a trouble because even though all the speculators here talk about how having an ETF would change everything it probably change anything for neither us the bitcoin people nor for the ETF investors because there won't be a much change, ETF won't affect bitcoin directly so it won't change it at all.

Demand will definitely go higher as SEC's approval can be look at adding some form of legitimacy so investors are willing to pour their cash. I think Wall Street's are just waiting for this big news and once its approved, it just a matter of time for huge investors to come in and make the most out of this market.

[1715014758]

1715014758

[cryptocrusher]

If it is the demand than we can be assured that there is a huge demand for a bitcoin ETF and we will eventually get it however if it is "would having a bitcoin ETF affect anything" then we might have a trouble because even though all the speculators here talk about how having an ETF would change everything it probably change anything for neither us the bitcoin people nor for the ETF investors because there won't be a much change, ETF won't affect bitcoin directly so it won't change it at all.

Demand will definitely go higher as SEC's approval can be look at adding some form of legitimacy so investors are willing to pour their cash. I think Wall Street's are just waiting for this big news and once its approved, it just a matter of time for huge investors to come in and make the most out of this market.

How does SEC approval add legitimacy to bitcoin? Bitcoin itself cannot be illegitimate and issuing an ETF isn't any sort of indicator on future price increase or not. The only thing an ETF does is offer more protection but the largest of whales wouldn't be put off investing in bitcoin as is because they can easily hire someone to do it for them in a way which is completely safe for them just like an ETF would be.

[spongegar]

Well i think it is a steo forward if we move to EFTs in the future and it does give investors a level of security and comfort. But there are still alot of this we don't understand that might come up in the future and might bite us in the back. What do you guys think are the downsides to this. Because I'm barely understandin the concept.

[gabmen]

If it is the demand than we can be assured that there is a huge demand for a bitcoin ETF and we will eventually get it however if it is "would having a bitcoin ETF affect anything" then we might have a trouble because even though all the speculators here talk about how having an ETF would change everything it probably change anything for neither us the bitcoin people nor for the ETF investors because there won't be a much change, ETF won't affect bitcoin directly so it won't change it at all.

Demand will definitely go higher as SEC's approval can be look at adding some form of legitimacy so investors are willing to pour their cash. I think Wall Street's are just waiting for this big news and once its approved, it just a matter of time for huge investors to come in and make the most out of this market.

How does SEC approval add legitimacy to bitcoin? Bitcoin itself cannot be illegitimate and issuing an ETF isn't any sort of indicator on future price increase or not. The only thing an ETF does is offer more protection but the largest of whales wouldn't be put off investing in bitcoin as is because they can easily hire someone to do it for them in a way which is completely safe for them just like an ETF would be.

Exactly. It mostly affects the mindset of those that aren't yet too well versed in crypto that it'll be the start of government acceptance hence a price surge. And most of us long term users know it's not going to work that way.

[squog]

I think ETFs are great and all and the system coukd be innovative and simple. But then again, simole isn't necessarily easy and cheap. I mean we could see this maybe after five tp ten years depending on the studies and experiments thwy use. But i believe ETFs could be the next step in crypto currency.

[voztata]

ETF will just make it easy for regular people and specially mid forties type of age people to get into bitcoin without really fearing about it, unfortunately bitcoin is still not that easy to obtain for old people, when you are in something it looks simple but when you are outside looking in it may look terrifying.

Right now the best example is probably coding, if you know one language of programming and write just "hello world" it is the simplest thing in the world, any coder who can do any decent programming will tell you making a program write "hello world" would take probably 10 seconds at most, however if you have NO idea how coding works than you wouldn't even have a clue WHERE to write it to begin with. Same with bitcoin, when you are a bitcoin follower and care about it is simple but when you are mid forties worrisome person it looks like its dangerous.

[cybernetik7]

ETFs may have positive influence on bitcoin, because it will bring benefits to users and investors. Anything which increase functional capacity of bitcoin adds a value to bitcoin.

[Baofeng]

And up to now, we really don't know the stance of SEC, last time we heard is going to be this November 5 or 6 but they're still mum about so we might as well forget about it. Actually almost everyone is getting tired whether they're going full blast on approval or not. Others said, that it won't bring any significant impact and its already price-in, while there's another group claiming that it will bring some confidence back, hence a possible bull run. So let's see how it pans out, we can't really tell at this point unless we hear the news directly from them, either positive or negative.