Bitcoin Without ETF

[darkangel11]

Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

I believe you're right here. The decision to postpone ETF approval came right when BTC was at the turning point, close to the 200 day EMA. THat decision basically discouraged people from buying. As a result BTC got rejected from the bearish resistance and started falling what panic sellers used to dump everything and take us back to where we are. Without the news about ETFs we wouldn't have the recent rally, but we wouldn't have the crash either. It's better not to have a rally at all than a failed one.

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[Roidz92]

ETF is just a surplus. Bitcoin doesn't need ETF approvation, but surely if it happens, we could see something never happened before in terms of price, speculations and gains.
last year's gains would be nothing compared to next years if btc etf will be approved.
Said that, we will see gains also without etf.

[Kakmakr]

In my opinion Bitcoin ETFs will just increase volatility. Now, you have hedge fund managers dumping large amounts of fiat or even coins onto the Bitcoin market and this will cause bigger spikes and dips. Many people and merchants wants lower volatility, without having to use payment processors to use bitcoins for payment and higher volatility will destroy the use case for a payment network.

You cannot buy something directly with Bitcoin and wait 10 minutes for a confirmation and then have a drop in price of 10% in that 10 minute confirmation period. 

[Sutters Mill]

In my opinion Bitcoin ETFs will just increase volatility. Now, you have hedge fund managers dumping large amounts of fiat or even coins onto the Bitcoin market and this will cause bigger spikes and dips. Many people and merchants wants lower volatility, without having to use payment processors to use bitcoins for payment and higher volatility will destroy the use case for a payment network.

You cannot buy something directly with Bitcoin and wait 10 minutes for a confirmation and then have a drop in price of 10% in that 10 minute confirmation period. 

Bitcoin will probably never be stable so forget about that. Something tells me it's only one type of volatility you don't like and probably don't mind when the value rises? This is how bitcoin was designed to be and your money should gain value over time, but due to the nature of supply and demand this means bitcoin is currently going to go up and down with the markets. I'd look at bitcoin more like having stocks in a company or as a digital version of gold and as such your investment will rise and fall with the performance of the company or 'digital gold' markets..

[cahbagus555]

ETF is good for cryptocurrency market. Not only for bitcoin, but altcoin will following if ETF approved. ETF can bring trillions dollar money to crypto market and it wil boost the price. WIthout ETF, cryptocurrency market can survive but its much better if ETF approved by regulator

[BitcoinGuruOne]

What rule? What are you talking about, ETF is a financial instrument which makes it easier for masses to invest in various financial assets.


Bitcoin ETF will be approved sooner or later. But i belive that we should not give it such big attention since other things are inmportant as adoption , updates and tech.
BEsides oter things could induce new BTC bull besides ETF.

[annaso]

While bitcoin believers awaits the new September appointment by SEC in making a decision on the ETF , investors and other bitcoin users will continue to ponder on both the long- and short-term effects that may arise. No matter the outcome, the increase in awareness and interest in bitcoin is becoming more certain. Also, with the various development across the entire bitcoin and blockchain ecosystem, improved robustness and industrial stability is becoming more obvious.

[jzale]

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.

Let's all go back when the ETF proposals were not presented yet. Bitcoin was doing great as is. Bitcoin has stood many critics for many years already and is still being hone  to overcome new obstacles. Bitcoin doesn't really need the ETF. The ETF proposals ignited a commotion in the cryptocurrency community as if it is badly needed. Yes, ETF will do Bitcoin better and will produce new speculations and increase in price. Though this has caused the community to depend on ETF for Bitcoin to actually go on, which is really bad.

[Betty10]

Although the ETF proposal will help the value of bitcoin to go higher if approved. But lets stop and think about the fact that bictoin has performed well even before the talks of ETF proposal. Bitcoin without ETF will remain strong.

[BrewMaster]

Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

*Source needed*. You can't blame everything on the ETF. The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over.

it is a speculation and speculation doesn't have a *source*
i don't know why he says it but i also have this speculation and i am not blaming ETF, i am blaming the market for reacting irrationally to a news that is not even relevant to or effective on bitcoin. people started building it up in their heads and as SEC rejected one ETF they panic sold and right now the market is waiting on their decision to start moving in a certain direction based on it. why should this be? do people really think ETF controls the future of bitcoin?

once the "excitement" is over we can go back to normal market where price rises back up.

[Ricky.Libertarian]

It's only a matter of time.

ETF would have been a boost, but if you look at emerging countries facing inflation (and sometimes hyperinflation), people are turning to cryptocurrencies to protect their savings.

This will be beneficial to bitcoin price on the middle and long term.

[Sutters Mill]

Without the ETF, the price of BTC would have been a lot, $10,000 at least. But the recent news about the ETF has done a lot of damage to BTC sadly. Let's see what lies ahead now.

*Source needed*. You can't blame everything on the ETF. The ETF isn't the be all and end all of bitcoin and bitcoin is bigger than that, but maybe people shouldn't get excited about something that may never come. Besides, even if it does ever get the go ahead I don't think it will be that huge. Sure, people will get excited about it and the price will rally but it'll probably come crashing back down again once the excitement is over.

it is a speculation and speculation doesn't have a *source*
i don't know why he says it but i also have this speculation and i am not blaming ETF, i am blaming the market for reacting irrationally to a news that is not even relevant to or effective on bitcoin. people started building it up in their heads and as SEC rejected one ETF they panic sold and right now the market is waiting on their decision to start moving in a certain direction based on it. why should this be? do people really think ETF controls the future of bitcoin?

once the "excitement" is over we can go back to normal market where price rises back up.

If it's speculation then people shouldn't speak so matter of factly. There's no way anyone can say it will have been x amount by a mere decision. And the market always acts irrationally. That's just want the bitcoin market has become. Any good or bad news is taken too seriously and people either get too excited or too panicky and act accordingly.

[muslol67]

ETF expectation affected the price of Bitcoin positively. The delays made everything very bad. My guess is that if the ETF is rejected, the market can be shaken too badly. Everybody, take precautions accordingly.

[kamBlanV]

in my opinion, the bitcoin ETF is part of an important point that can affect the bitcoin fluctuations for the better.

Bitcoin ETF has good value to improve the bearish market situation.

[Ayoofe]

ETF interfering in the BTC world is recognition and it will help the price but BTC without ETF seems to be crypto without world power recognition.

[Ucy]

Bitcoin was grown by the community. It will continue to be grown and developed by the community.

ETF and Bitcoin not compatible at all. It was a bit strange trying to convince government and corporations to adopt Bitcoin.

Bitcoin is meant to be Peer to Peer. We could encourage p2p businesses if the large businesses and government deny us access to their Markets

[FlexBrah]

If sec is rejected in September ETF, then most likely the whole market will lose tens billions dollars of capitalization and unfortunately we will see new lows this year.

[Sutters Mill]

If sec is rejected in September ETF, then most likely the whole market will lose tens billions dollars of capitalization and unfortunately we will see new lows this year.

And this is probably what will happen as I can't see them accepting it. Hopefully bitcoin will have climbed back up a bit naturally since then so it has a bit of a buffer as a bit of a safety net for whenever it does fall.

[Victorik]

Bitcoin has existed when non gave it a credence, now that it has gained momentum and popularity, and have seen massive support with billions of dollars been invested in it, either ETF gets approve or not, bitcoin will stay strong and move on. But forces are going to push on till ETF get onboard.

[Nexigen]

I believe that the trade in bitcoins will be approved by the SEC. Large whales deliberately postponed the decision to get huge profits from this. Cryptocurrencies will certainly be our future. They understand it and make a profit, buying bitcoins cheaply.