Bitcoin ETF

[MadGamer]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

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[yorannic]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

Even if you are right), such events are necessary for whales, pamp and dump of the market are under big news. The news justification is necessary to make it look "realistic". And a large number of positive news can be a sign of a market reversal.

[CryptoKush]

I agree with you. I do not think that the introduction of the ETF will fundamentally change it. This is another tool that will take liquidity from ordinary exchanges. The history with ETF resembles a story with the last Consensus.

[pooya87]

whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

how do you say block reward halving didn't "dramatically increase the price"?!! it actually nearly doubled the price. back in 2016 when the hype of the block halving began in May and continued in June, the price went up from $400 levels up to $770ish which is nearly double the price and by the time the halving happened in first week of July price was already 50% higher.

[target]

Whether you expect things or not, a bitcoin related event like ETF is one big event that will dramatically affect the price. If it ain't approve, look what will happen.
Whether its because of the whales manipulating or not, the ETF gives them the chance to make all that happen. When its approved, you will definitely see the huge difference of the price after it.

[jojohamasa]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

This is the nature of the market and its dealers
Just news that lifts the market high
And another news comes down very
With experience and the spread of the idea will spread enough awareness and nothing will be able to control the market Or wait for a full month

[abojamal]

What you ask is something rational and wonderful
But it is not realistic ..!
One news is still able to influence the market
Everyone eagerly awaits this event
this is the truth

[kotajikikox]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

I agree with you even without the ETF the bitcoin and cryptocurrency are rise in the coinmarketcap but I believe if the ETF aprove is a big help for the cryptocurrency community to bring the price into the moon.

[Supremacy2]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

Good thought, I followed a trader analysis and he said ETF will be postpone and BTC value will dip again. I took a bold step to buy at dip and sold high, so in CRYPTO world, you need to monitor the FA more than before.

[Supremacy2]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

I agree with you even without the ETF the bitcoin and cryptocurrency are rise in the coinmarketcap but I believe if the ETF aprove is a big help for the cryptocurrency community to bring the price into the moon.

You are correct. ETF approval will rise the value of BTC and cryptocurrency because it will bring in more security to the market

[Ava Duvall]

Whether you expect things or not, a bitcoin related event like ETF is one big event that will dramatically affect the price. If it ain't approve, look what will happen.
Whether its because of the whales manipulating or not, the ETF gives them the chance to make all that happen. When its approved, you will definitely see the huge difference of the price after it.

Exactly. why is it so hard for others to understand this. it has a massive impact

[cleygaux]

If Im not mistaken the most accurate date is August 16 and not on 10, bitcoin will dramatically increase its value when the decision is in favor of cboe but if not expect a massive dump of btc and maybe altcoin much have chance to move forward instead.   

[Karisma Black]

Agreed, it will happen eventually.
But the market is so immature that this decision will affect the market hugely.It shouldn't but you can be sure it will.

[earnestoshodi]

The market really do not work as most persons would expect,I even fear the ETF could potentially be dangerous as it could mean wall street having so much control on the market.we all know how that plays out for small investors

[earnestoshodi]

I agree with you. I do not think that the introduction of the ETF will fundamentally change it. This is another tool that will take liquidity from ordinary exchanges. The history with ETF resembles a story with the last Consensus.

That is the angle i am scared of , It may all that be rosy, bitcoin was designed to be peer-to-peer payment system, if the 'central authority' that were cut off initially begin to make an investment out of it, I wonder how that will play out on satoshi's vision

[grickie77]

I'm inclined to believe that the ETF will not be approved. Bitcoin is still not "mainstream" available.
Unlike a bank account, you take more risk to buy, hold, move or spend Bitcoin. There are endless hackers stealing, manipulation, and vague tax code (intentional).
There is one Bitcoin trust but why only one? there should be many by now, other cryptos too.
The technology is moving fast and I make my living in the Blockchain space but we are a long way out.
I think the haters of Bitcoin, banks and governments have not yet begun to fight.

[daoquanghuan]

If there is something I've learned in the crypto world in the past few years is that whenever people expect something that could dramatically increase/decrease the price, it never happens (take the halving block reward for example).

This should be no different. I honestly suggest everyone to forget about the ETF and 10th of august. If it happens, good and If it doesn't, move on. Please don't put too much hopes on it.

I agree with your opinion, things often go against the masses and what people expect will not happen. For me bitcoin ETF will also be accepted but not sure when it will happen, it may be August 10 or a year or even several years. So everyone should be prepared for any possible situations.