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Author Topic: Bitcoin ETF .. do we really need it?  (Read 173 times)
Pamadar
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August 14, 2018, 01:22:03 PM
 #41

to answer the topic, I will say that we don't need ETF
this ETF will only create another price bubble like last year, an abnormal price spike
and guess who will reap the profits? right... whoever behind this ETF idea
they've accumulated cheap bitcoin and this ETF is just their exit plan for profit
This is the right time to think deeper each time we've heard some news about btc or crypto,  we should learned from the past and analyze well each decision that we will going to, ETF seems to be the reason from the last years pumped many traders and investors buy in because of this possibilities,
but it looks like most of them who didn't bothered to understand first the potential are blindly been trapped by the quick hype, now they are selling
in with loses, ETF can be a good spark in terms of bigger venue attracting more new target investors and traders, it can help only if being supported.

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August 14, 2018, 01:29:08 PM
 #42

If we're talking about the effect of Bitcoin ETF on Bitcoin prices, I think we 'need' Bitcoin ETF to create a positive sentiment, just like the previous CBOE Futures. Bitcoin ETF news is so central right now to create market sentiment, even dozens of positive news like blockchain adoption and others don't push Bitcoin price. It's pretty weird, it seems like whatever happens in the US decide the future of Bitcoin prices.


Therefore, this is what market needs today. As of now, there are many negative news explode in the cryptocurrency. And those negative news havd impact to the price of bitcoin and ethereum. As of now, bitcoin have only 6K and ethereum fluctuates around 280 usd. There are many reasons behind the dump but ETF affect them much.

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August 15, 2018, 07:00:45 AM
 #43

I wish more people asked this question the day that ETF hype began last year for the first time. by then we all were blinded by the hype and the rise because were thinking about profit, this year the same thing happened and we were blinded once more.
people were also happy about futures but they ended up hating that soon enough as the prices started going down and they saw behind the curtain. ETF is not exactly the same but it will get the same kind of people involved and they don't care about bitcoin, they want fiat.

The only "Bitcoiners" who want an ETF is the part of the community that's usually new or the people who only care about price and profits. We cannot blame them because, in my opinion, they do not have a deeper understanding of what Bitcoin is yet.

Quote
if people were thinking more about how pointless an ETF is for a decentralized and global currency then we might not have had the past 2 month's volatility.

Maybe. We would never know.


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August 17, 2018, 05:25:03 PM
 #44


Exchange-traded fund is just like a trading business in cryptocurrency,  I think yea because we can obtained a gain or loss in this process where in all earnings we get can be considered as profit.

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August 17, 2018, 05:43:39 PM
 #45

What is happening with the Bitcoin exchange-traded funds (ETFs)? Why might they be a bad idea for decentralisation, consensus, and even the price? A billion-dollar "not your keys, not your bitcoin" opportunity for non-technical institutional investors.  (Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.)
https://youtu.be/KSv0J4bfBCc

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August 17, 2018, 06:44:20 PM
 #46


What Bitcoin had achieved right now was on its own and without ETF. Certainly it can go on forever along with the altcoins without ETF. The government however is making their move to make some changes because of the illegal activities in relation to BTC now that it's known and they learned its unstoppable. No ETF approval or With ETF approval crypto is just going to be doing fine. But for the security in investing into crypto, there has to be regulations which includes the ETF approval.

This is the real answer I am looking for from reading top to bottom.

We as supporters of bitcoin have seen a lot of ups and down and including cents and zero. That is without ETF.
One question though. Have you ever seen one posts here of satoshi talking about an ETF? How about the whitepaper?

NONE!!!!

This  ETF thing may be the cue into taking bitcoin back to 3 digit price or maybe a 2 digit and so on and on until it is dust again.
Somehow they will see that if bitcoin can do it then why not the other coins? There will be more to pick from investors until we are all divided.

Argh!! Just hard to explain but I have some own predictions with this. It could be the nightmare that we have been waiting for if it is passed. Why not just let it be decentralized just like how satoshi created it.
After this is passed then be ready for KYC's.

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August 17, 2018, 07:14:35 PM
 #47

do we even need the Bitcoin ETF.

We are in need of more demand and it seems to me that ETFs can bring more exposure to bitcoin and consequently create greater demand, just to see the reaction of the market when the SEC postponed its decision to realize that people are giving much importance to the ETF, that there is Bakkt, but this is something for November and the EFT are closer to being approved or disapproved. I think we need ETFs.

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August 19, 2018, 02:30:29 PM
 #48

In my own opinion, we do not really need bitcoin ETF but the issue is that, many traders think that when ETF is approved, this would bring a new wave of investors to invest into bitcoin and this would likely give more confidence for investors in the market to invest more
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August 19, 2018, 04:19:48 PM
 #49

I think we need ETF to bring in more money and boost investors confidence over Bitcoin. Big investors need protection in the space so I think it is essential. I’m very optimistic that once they are approved it can be a catalyst fir this years bull run.

       
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August 19, 2018, 08:04:08 PM
 #50

yes we need it because it can give a huge help for all of us most especially in our community. Income is necessary which the main purpose why do many people invest in this platform.

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August 19, 2018, 08:15:41 PM
 #51

In 2017 we did not need the ETF but the market was up and the bitcoin reached 19,000$ after. So I think we really do not need the ETF, but if the ETF is approved then it is a very good condition for the market to go up stronger.


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