Juver18
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August 02, 2018, 10:53:08 AM |
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If SEC allows bitcoin ETF it will remarkable for bitcoin. I think it is a very good sign for bitcoin. Bitcoin is more secure for ever. I think it will affected bitcoin price.
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dothebeats
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August 02, 2018, 10:55:39 AM |
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For me, I see ETF as a big mover in terms of market sentiment and confidence of the people towards an asset class, in this instance bitcoin, and see whether there are solid interests from the higher echelons of the global investment markets to that of a rising asset class. If there is, people would follow suit and try to see their luck by riding the waves. Oftentimes it results in a hype or FOMO by the people on the sidelines, expecting a rapid boom in price when in reality, only a handful of traders are stimulating the price just to make it look like legitimate money from the ETF is already flowing in on the economy. It does help, one for recognition; two for training purposes from institutional investors and; three, traders' confidence on the market.
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worldofcoins
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August 02, 2018, 11:01:30 AM |
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I think it’s really effect on bitcoin. Suppose if SEC approved bitcoin SEC then bitcoin will be more popular and sustainable. And it will be very effective for BTC.
I think so too. ETF would greatly influence the market because it will promote and encourage either the hate or importance of Bitcoin which will really impact the number of users it will have in the future, especially if BTC gets approved.
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Gualloo
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August 02, 2018, 11:04:44 AM |
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SEC allows Bitcoin ETF. So it will be a great news for Bitcoin. Bitcoin will be much more profitable than before. Bitcoin's ICO will grow. I think ETF will affect Bitcoin prices.
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viewpaker
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August 02, 2018, 11:08:24 AM |
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With the recent price dumping to $7,500 I think ETF have been a great effect for the price of bitcoin. The delay of hearing of approving bitcoin affects the emotional factors of investor that is why we have seen again the price drop. Bitcoin will recover again if the ETF will be approved and can be a good sign for a bullish market at the end of this year.
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jojohamasa
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August 02, 2018, 11:16:39 AM |
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I think the impact of the ETF will be tangible but not for long But if the good news comes with this news, prices may reach good levels The market is controlled by one news It is considered immature We are still at first
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Futurm
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August 02, 2018, 11:19:46 AM |
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Whether the ETF is approved or not will have some impact on the market. If the ETF is passed, it will restore confidence in the market and there will be a big increase. Without ETF, the whole market would lose confidence and there would be a big drop.
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harrybell
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August 02, 2018, 09:06:56 PM |
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"ETF is the need of the hour for Bitcoin revival. It will bring pension funds and institutional investors and hopefully see bull run again."
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Pump N Dead
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August 04, 2018, 03:48:33 AM |
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Hello...Freinds
There are lots of news are coming up about ETF & Bitcoin. Is Really ETF effect the BTC price?
Yes there is an effect in the price if ETF application will be approved by the US. It is also an indication that they are ready to embrace blockchain technology. The only reason why they delay it is because they still can't control cryptocurrency transactions.
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tongkt1992
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August 04, 2018, 08:30:04 AM |
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Back in 2003 gold ETFs were introduced for the first time. Many of which were physcially backed by the precious metal.
At the time gold was trading for roughly $300 an ounce.
Fast forward a few years and gold hit $1,900 an ounce in 2011.
That is over a 6X increase in just 8 years.
Keep in mind that all of that price appreciation wasn't due to ETFs as there was the whole "Great Recesion" in 2008 that spurred demand significantly as well.
That being said, prices still more than doubled to about $700 from 2003 to 2007, and reached $1000 an ounce just before the Recession and QE really sent prices of commodities skyward post 2009. There certainly seems to be a correlation between the ETF demand and the price of gold. As the ETF gold demand increased, so did the price.
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viyumztf
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August 04, 2018, 08:34:54 AM |
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It's a lot of people talking about ETF recently, which may be a big news for the whole industry, and I think ETF can stimulate market demand in a short time, but if bitcoin wants a longer development and a better price, the community is going to be more aggravating than ETF.
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blackandwhite89
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August 04, 2018, 07:17:44 PM |
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ETF enlists the coins to enter into the crypto market. So, they are pretty important for us. Certain rules and guidelines are needed to be followed to get the coins enlisted.
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tedrogers
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August 04, 2018, 07:21:18 PM |
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The recent rejection of Winklevoss's ETF has not affected the price in any way. BTC is still standing strong at 8,200$. There will be more hearings for ETF to get approved in the future which will create a lot of expectation and demand among people for sure. BTC will definitely rise then.
And yet only 3 days later were seeing under $7000 USD again. That's a lot wiped off in just a few days, purely because of an emotional response and FUD, and big whales (Tokyo Whales?) selling off huge amounts due the mini bull recently.
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blackrain321
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August 04, 2018, 07:48:56 PM |
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The recent rejection of Winklevoss's ETF has not affected the price in any way. BTC is still standing strong at 8,200$. There will be more hearings for ETF to get approved in the future which will create a lot of expectation and demand among people for sure. BTC will definitely rise then.
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cryptofan999
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August 04, 2018, 08:25:09 PM |
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In my opinion ETF approval can only add to Bitcoin's popularity and demand whereas getting rejected by Security Exchange commission will not make it less valuable which will cause a dip in price. So, ETF can only affect Bitcoin's price in positive way. I see no reason for it to damage Bitcoin's reputation or demand.
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tedrogers
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August 04, 2018, 08:45:33 PM |
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BTC is still standing strong at 8,200$.
What? Check the current price (August 4, 2018 at 20:45 UTC). $7016 (coincap) and Google says its $6983.
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coinpedia240
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August 04, 2018, 08:52:54 PM |
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I personally never thought ETF news could affect the market. However, it seemed like a blessing to the community when actually ETF related news made BTC to rise up to 8,200$, after the recent rejection of Wiklevoss brother's proposed ETF model, I thought the price will go down again, which actually didn't go down. So, I think it is only affecting the price in a positive way.
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AjithBtc
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August 04, 2018, 09:10:46 PM |
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After certain issues the growth has been taking place in a gradual manner. All of the sudden things began to happen in the opposite manner, once after the ETF rejection. In between there have been good growth taking the value of bitcoin go above $8200. This didn't sustain long, in no time everything went taking the price back below $7500. Right now things were much worse marking its value developing hard resistance to stay above $7000.
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tedrogers
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August 04, 2018, 10:01:36 PM |
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Right now things were much worse marking its value developing hard resistance to stay above $7000.
Some sense, thank you. I'm really just wondering the golden question; where is the natural value / bottom? In my view, we're heading back to circa $6500. I think that's where the base value is, and everything above that is just the result of emotional trading, manipulation and noise. I've got no evidence of this, other than historically it just seems to be the area that the market tends to retreat towards. Some people like the volatility and trade on it (shorts etc), but I'm not one of those people. Good news is great (Startbucks, ETF's, Lightning Network, whatever), but it's no good as a currency unless it's a lot more stable. I don't want to just hodl, I want a currency. I want magic internet money. We don't have it. Not really. What we have is incomprehensible (in terms of volatility) and dangerous because it's so highly influential on other markets. I just wish the BTC market wasn't so easily influenced (manipulated?) by those with big bags, and that normal individuals (I can't call them traders) weren't so emotional driven by FUD and FOMO - traders try to ignore those two pitfalls. Manipulation, FUD and FOMO make the volatility worse, and all of that affects other markets because BTC is king and there are so many trading pairs with BTC to other alts. BTC needs to sort its head out, for the good of the cryptosphere. ETF's will come, and personally I think it will be institutional investors, so lofty highs are ahead; but just not for a while yet.
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iSparta
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August 07, 2018, 10:32:31 PM |
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I agree with those who think that ETF decision has only short term impact on bitcoin price. Bitcoin exists already a lot of years without any support of such organization. The main reason of it is that the people believe in it.
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