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Author Topic: Bitcoin Without ETF  (Read 1167 times)
Ains_sama
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August 11, 2018, 12:31:38 AM
 #1

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.

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August 11, 2018, 01:02:54 AM
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 #2

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.

Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.

You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.

Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.

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August 11, 2018, 01:09:00 AM
 #3

I feel like all the ETF talk is very recent.  It feels like a rouse to me.  Bitcoin was just fine and now without the ETF were done for?  Makes no sense.  Makes get the sneaking suspicion I should be investing heavily because this feels bunk.

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August 11, 2018, 02:22:27 AM
 #4

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.

Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.

You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.

Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.
yes Sir, I'm a beginner in the world of bitcoin. and was very surprised to see from last December to the present. because most of the Bitcoin prices are like the SEC's control in the past few months. and I understand a little, why Bitcoin is so unstable at this time. and why BITCOIN is very worried about the SEC.

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August 11, 2018, 02:26:41 AM
 #5

The ETF will certainly endorse the Bitcoin proposal, which is the development trend of the encryption industry, and we need not worry too much about ETF.
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August 11, 2018, 02:30:24 AM
 #6

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
I think differently. I see the ETF as a shark's way to dive and gather lots of Bitcoins. Nothing can stop Bitcoin prices in the future and this is just a small step backwards
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August 11, 2018, 02:35:40 AM
 #7

The money now is different than the money a year ago. People care about mainstream adoption and whether or not the ETF will pass or not. I think the market is very speculative right now, so the news of an ETF just feeds into that. Will it pass or not? I have no idea.

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August 11, 2018, 02:38:01 AM
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I think 2 years from now no one will care one way or another about the ETF decision and all the drama it has caused.  People are fearful right now and the ETF decision seems to have put them over the edge.

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August 11, 2018, 02:52:22 AM
 #9

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.

Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.

You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.

Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.

Totally!!!ETF won't hurt it.It will only be beneficial for Bitcoin, especially for the rich bags with fiat to get into it like you said!
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August 11, 2018, 02:56:51 AM
 #10

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
I think differently. I see the ETF as a shark's way to dive and gather lots of Bitcoins. Nothing can stop Bitcoin prices in the future and this is just a small step backwards
I agree with you. Bitcoins in the past few years have continued to grow and grow without the need for ETF. ETF is just a pretext for sharks to create FUD to manipulate the market

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August 11, 2018, 02:57:39 AM
 #11

For bitcoin to rise again, its must that ETF test should be passed by it. The investors confidence is on a shaky ground right now and it requires an acceptance like ETF to bring back the investors confidence.
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August 11, 2018, 03:22:38 AM
 #12

ETFs have only a few supplements that will increase the price of BTC
actually, the price of BTC will explode in 2021, where everyone will not be able to mining BTC again, and the total supply for BTC will be truly limited
the only way to get BTC is by buying it

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August 11, 2018, 03:36:22 AM
 #13

ETF is not as good as people think it is simply because it centralizes things for investors. when someone invests in ETF they are not buying bitcoin really. what they are buying is a promise because they are not holding real bitcoins in their own wallets with them holding the private keys.

in the end ETF will only be a hype and even if it is approved it will only be used by certain people who may eventually end up buying bitcoin itself and dumping ETF.

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August 11, 2018, 03:50:08 AM
 #14

Bitcoin does not need an ETF. It won't affect Bitcoin's utility to any extent whatsoever, in fact. The reason people are clamoring for it is because it represents money going into the market, which in turn may lead to better adoption. Bitcoin's been stuck in a bear market for a while now so people are looking for something to jump start another bull run. Considering its recent surge to 8k amidst ETF speculation, it certainly looks like an approval could strongly contribute towards that end.

Not having an ETF wouldn't mean the end of the world though. I see it more as a way to accelerate growth more than anything else. We'll have to rely on organic growth instead, which may be much better for the community in the long run.

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August 11, 2018, 05:49:03 AM
 #15

bitcoin without ETF would have been worth about $9000 now since that was the trend before the ETF news started coming out and based on previous recoveries that we had we could have been testing the $10k resistance as we speak. but the ETF news disturbed all that and created a temporary state in the market where the uncertainty is dominant among investors which is why the current drop is happening and why everyone has been waiting around for it to conclude before jumping back in and start buying back again.

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August 11, 2018, 10:54:04 PM
 #16

The ETF will certainly endorse the Bitcoin proposal, which is the development trend of the encryption industry, and we need not worry too much about ETF.
yes, I'm thinking of that position. when the bitcoin proposal is approved by the ETF. everything will be very good and prices bounce back. but I'm thinking in another direction. what if the ETF rejects the bitcoin proposal. whether it is the end of bitcoin or bitcoin is still fine. even being very good?

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August 11, 2018, 11:04:18 PM
 #17

ETF is not as good as people think it is simply because it centralizes things for investors. when someone invests in ETF they are not buying bitcoin really. what they are buying is a promise because they are not holding real bitcoins in their own wallets with them holding the private keys.

in the end ETF will only be a hype and even if it is approved it will only be used by certain people who may eventually end up buying bitcoin itself and dumping ETF.
so actually ETF is not a barrier for Bitcoin as the best digital asset. although several times the ETF and SEC scenarios disrupt bitcoin and make prices very unstable. so some bitcoin holders are very afraid that it isn't approved. even I myself have that fear.

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August 12, 2018, 03:30:09 AM
 #18

ETF is not as good as people think it is simply because it centralizes things for investors. when someone invests in ETF they are not buying bitcoin really. what they are buying is a promise because they are not holding real bitcoins in their own wallets with them holding the private keys.

in the end ETF will only be a hype and even if it is approved it will only be used by certain people who may eventually end up buying bitcoin itself and dumping ETF.
so actually ETF is not a barrier for Bitcoin as the best digital asset. although several times the ETF and SEC scenarios disrupt bitcoin and make prices very unstable. so some bitcoin holders are very afraid that it isn't approved. even I myself have that fear.

part of that fear is rational if you are a trader because ETF is a news that traders are watching and then acting based on which way it goes. so if it goes in the way they want they would speculate a rise and start buying so price can go up and if it doesn't they  would speculate a drop and start selling. so as a trader you want to keep your eyes on the news and the price to make the most profit in this short term swing.

but if you are an investors or ... then you should not even care about this because it is a short term drama with a short term and small effects, specially the negative effects will be short and small and will go away soon enough after the date.

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August 12, 2018, 03:50:10 AM
 #19

I think if the ETF doesn't go through, then the short term is bad news for bitcoin, then there could be a big move in the price.
Yet for bitcoin's long run, it has had no impact. Tongue

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August 12, 2018, 03:57:57 AM
 #20

NOTE : Questions from LAYMEN.

bitcoin is made without regulations, is decentralized, and controls everyone who has bitcoin. and in my opinion ETF is a rule that must be passed by Bitcoin. so will Bitcoin fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.

Tried, tested, blamed, still for a decade Bitcoin is going good (antifragile). Like the futures, ETF would be a much better opportunity for the rich bags with fiat to get into bitcoin. It would further establish Bitcoin as a mainstream financial asset when it's a peer-to-peer censorship resistant currency.

You did saw the hype futures brought in December. Something like that would happen have if SEC approves Bitcoin ETF, but temporary/artificial, maybe again some FOMOs would get burned.

Bottom line, why a decentralized network worry about its survival if a centralized proposal is approved or not.
Ditto.

In 10 years from now, probably bitcoin would still stand. If there is cash, there is business, and these attract new fintech implementations in various industries.
Literally if bitcoin was the lider between currencies, because of the technology, nothing would stop new frontiers to be reached, as ETF and so.

You cannot change anyone but yourself. Always hope for the best, but keep living your life no matter what.
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