Bitcoin Forum
September 19, 2018, 12:04:14 PM *
News: ♦♦ Bitcoin Core users must update to 0.16.3 [Torrent]. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 6 »  All
  Print  
Author Topic: Bitcoin Without ETF  (Read 440 times)
r1s2g3
Member
**
Offline Offline

Activity: 294
Merit: 62


View Profile
August 12, 2018, 04:01:50 AM
 #21

Bitcoin ETF does not appeal to me.

Bitcoin ETF is currently in news as SEC recently rejected Winklevoss twin Bitcoin ETF and  fate of 9 others ETF will be decided in next 2 month .

Whatever the SEC decide on it in future will be interesting to follow.  It will be worth nothing that Bitcoin ETF will be treating Bitcoin as an asset not as a currency. As per fundamental of ETF , Bitcoin ETF will simply means that Bitcoin will be locked as an asset and ETF will be traded in exchange.
 
Why Bitcoin ETF should not make appeal to the Bitcoin community.

1. Treating currency as an asset to trade in exchange.
2. For ETF, Bitcoin need to kept  secured, means ETF will remove that amount of Bitcoin to be available for active transaction.
3. Bitcoin can be easily purchased and sold so it is not that Bitcoin ETF is making bitcoin more available to masses.
4. ETF do not gurantee that it will solve the Bitcoin price volatility problem.
5. ETF might give rise to "HODL" mentality that is not good for Bitcoin. (I will explain it sometime later.)

ETF will help Institutional Investors or other organization to invest in Bitcoin but Bitcoin is meant for P2P transaction and Satoshi did not created it to be used as Investment product.


1537358654
Hero Member
*
Offline Offline

Posts: 1537358654

View Profile Personal Message (Offline)

Ignore
1537358654
Reply with quote  #2

1537358654
Report to moderator
1537358654
Hero Member
*
Offline Offline

Posts: 1537358654

View Profile Personal Message (Offline)

Ignore
1537358654
Reply with quote  #2

1537358654
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
donhill
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile WWW
August 13, 2018, 09:20:03 PM
 #22

ETF is a important part which is attached with BTC and without ETF Btc will feel some trouble. But hope BTC will be more popular and sustainable with ETF.
voltagecrypto
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
August 13, 2018, 10:28:56 PM
 #23

BTC is made without regulations we know, is't full decentralized & controling everyone who has btc. in my opinion ETF is a rule that must be passed btc. so, btc fail or die if the ETF disapproves of the bitcoin proposal? while Bitcoin has grown longer before going to ETF.
jojohamasa
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile
August 13, 2018, 10:45:18 PM
 #24

I think the ETF story was blown up
No doubt it's a decision that has a big impact
But I strongly believe that Bitcoin is much bigger than that.
delegend
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
August 13, 2018, 10:54:36 PM
 #25

Bitcoin has been a fantastic project ,considering it's repositioning of the global commerce.ETF will quickly endorse bitcoin in order to sustain the excellent of bitcoin.
Menced1937
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
August 14, 2018, 09:53:14 AM
 #26

I think ETF is unnecessery. People like and love to use bitcoin for their flexibility. ETF just decrease it, nothing else. Bitcoin will grow without ETF.
Menced1937
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
August 14, 2018, 12:27:08 PM
 #27

ETF will only be beneficial for Bitcoin. It won’t cause any harm. It doesn’t affect the utility of BTC at all. So basically ETF is not a barrier for BTC. BTC can go good without ETF too!
Gururapyco
Newbie
*
Offline Offline

Activity: 60
Merit: 0


View Profile
August 14, 2018, 12:28:28 PM
 #28

The fact if ETF will happen for Bitcoin or not will not change the future of the technology behind it.
PG13
Member
**
Offline Offline

Activity: 238
Merit: 10

Tombola.io


View Profile
August 14, 2018, 12:51:39 PM
 #29

ETF is a important part which is attached with BTC and without ETF Btc will feel some trouble. But hope BTC will be more popular and sustainable with ETF.

I think bitcoin will still survive and rise again even if without the ETF as bitcoin already exist and got the attention of the people without ETF. For me, this will just create hype on the bitcoin which is not necessary. Is it coincidence that the price of bitcoin fall down the bottom while waiting for the approval of ETF? or maybe this is just a manipulation.

Hishoutt
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile
August 14, 2018, 01:56:42 PM
 #30

The answer is no, Bitcoin won't face any such consequences due to the approval of ETF. It is true that Bitcoin ETF will be more centralized than what we have experienced from BTC so far. But, that would be only beneficial for BTC in the long run since ETF will be backed up by BTC and it due to its centralized nature, big investors will be interest in BTC because there will be no chance of facing scams our unfair activities.
hualy2
Newbie
*
Offline Offline

Activity: 101
Merit: 0


View Profile
August 14, 2018, 02:40:15 PM
 #31

The biggest value of Bitcoin is the consensus from human beings. Just like gold, everyone recognizes its existence, then it has value! Even if the ETF did not pass the review, I think Bitcoin can still survive!
greenvally
Newbie
*
Offline Offline

Activity: 224
Merit: 0


View Profile
August 14, 2018, 02:45:10 PM
 #32

ETF will be help BTC to increase it’s price and in future approximately on 2021 there will be happen a explode with BTC and there will only option to buy BTC that’s is Buy BTC.
crazybtclover
Newbie
*
Offline Offline

Activity: 224
Merit: 0


View Profile
August 14, 2018, 02:49:07 PM
 #33

Bitcoins having the dominance more than 50% without the ETF approval proves that BTC stands whether its ETF gets approval or not. But that is true, if ETF gets approval, BTC will get a positive hype causing 70% of dominance over the market. That will make BTC higher in price than the present it has.
spadormie
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250



View Profile
August 14, 2018, 02:50:44 PM
 #34

Bitcoin will not die with/without ETF. The reason of the fall was the massive panic selling of people. It's so hard to think of that bitcoin fell because of the rejection of ETF proposal and because of panic sell, it got worse.


██████████                    █████████
 ████████▀       ████        ▀████████
  ███████       ███████        ██████
   ███████     █████████      ██████
    ███████   ███████████    ██████
     ███████   ▀▀█████████  ██████
      ███████████    ████████████
       ███████████    ██████████
        █████████      ████████
         ███████        ██████
          █████          ███
weiDex||
WHITEPAPER
|
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█ ███████████████████████ █
█ █████████████████▀▀  ██ █
█ █████████████▀▀      ██ █
█ █████████▀▀   ▄▄     ██ █
█ █████▀▀     ▄█▀     ███ █
█ █▀▀       ▄█▀       ███ █
█ ███▄    ▄█▀         ███ █
█ ██████  █          ████ █
█ ██████  █ ▄███▄▄   ████ █
█ ████████████████▄▄▄████ █
█ ███████████████████████ █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
JOIN OUR TELEGRAM
FACEBOOKWEBSITE
TWITTER     ⚫ BITCOINTALK
RodeoX
Legendary
*
Offline Offline

Activity: 2744
Merit: 1058


The revolution will be monetized!


View Profile
August 14, 2018, 02:52:13 PM
 #35

A bitcoin ETF is a crap investment anyway. Why would crap be needed for bitcoin to do well?

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
CryptoGosu
Full Member
***
Offline Offline

Activity: 392
Merit: 103


imusify :: Award-Winning Blockchain Music-Tech


View Profile
August 14, 2018, 03:49:27 PM
 #36

I think Bitcoin ETF is not needed yet. I think adoption of cryptocurrency is more important than creating a new financial instrument.

goodman4hire
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile WWW
August 14, 2018, 03:52:00 PM
 #37

IF you let the ETF boys in that will ruin Bitcoin not the other way around.  It will cause a significant ramp in prices though which I assume is why most are here.  Just make sure to cash out soon as they will tighten the ship. 

MyCryptoBank  ――  Legal and Reliable Crypto Bank
Whitepaper  ――  CRYPTOBANK FOR CRYPTOCOMMUNITY  ――  Announce
―― Medium ―― YouTube ―― LinkedIn ―― Telegram ―― Facebook ―― Twitter ――
bassbity
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


dApps Development Automation Platform


View Profile
August 14, 2018, 04:02:03 PM
 #38

When the bitcoin proposal is approved by the ETF, everything will be very good and prices will rise again in the future, ETFs only have a few supplements that will increase the price of Bitcoin Actually, the price of Bitcoin will explode, where everyone will no longer be able to mine Bitcoin, and the total supply for Bitcoin will be really limited. the only way to get Bitcoin is to buy it.


            ▄▄▄▄
        ▄▄████████▄▄
    ▄▄████████████████▄▄
 ▄████████████████████████▄
██████████▀▀███████████████
██████████▄   ▀█████████████
████████████▄   ▀███████████
██████████████▄   ▀█████████
█████████████▀   ▄██████████
███████████▀   ▄████████████
██████████▄  ▄██████████████
███████████████████████████
 ▀████████████████████████▀
    ▀▀████████████████▀▀
        ▀▀████████▀▀
            ▀▀▀

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄██▀█▀███▄▄
▄███▀▀▀ ▀ ▀▀█████▄
██████ ████▄ █████
██████ ▀▀▀▀ ▄█████
██████ ▄▄▄▄ ▀█████
██████ ████▀ █████
▀███▄▄▄ ▄ ▄▄█████▀
   ▀▀██▄█▄███▀▀
       ▀▀▀▀


██████████████████
Tykeim Carson
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
August 14, 2018, 05:51:05 PM
 #39

ETF cannot cause any harm to Bitcoin rather it will be backed by Bitcoin. Though it is not related with the growth of Bitcoin in any possible way but the hype circulating around the approval of Bitcoin ETF might cause another synthetic rise to the price which would later face consolidation again.
cetald
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile WWW
August 14, 2018, 05:52:50 PM
 #40

I think that bitcoin will grow even without ETF. But positive news on ETF can be a driver of growth now. Otherwise, you need to wait for other favorable news.

Pages: « 1 [2] 3 4 5 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!