krauzzer02
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August 28, 2018, 05:01:39 PM |
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Assuming anything from ETF is wasted, if not rejected they are going to delay the SEC decision for the approval of the ETF or for the wish of the short-term traders it is going to be approved but don't expect from it don't depend on your decision to ETF you should buy bitcoin for now while the price is still affordable and profitable better events may be waiting from the future aside from this hyped bitcoin ETF.
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DMCR lah
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August 28, 2018, 05:12:42 PM |
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it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
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T o x i c a l
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August 29, 2018, 01:32:38 AM |
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Some time in late September is the final deadline for the ETF.. so I've read. Judging by July, prices will shoot up prior to this deadline in anticipation of approval.
How much of a catalyst do you think the outcome may be for the price of bitcoin?
Additionally - what are the possible outcomes. can they postpone it again? Could it be flat out denied? What's the implication of these three outcomes? (*Yes, *no, *maybe / not now)
This seems like the next major dot on the map so id like to have a plan. 1)Hold. 2)Sell then buy back in during 'disappointment/etf delay dip' 3) denied - im not sure what this would do.. if it is even a possibility.
Whats your thinking around the outcome? Cheers.
I am sure that a positive solution to the issue regarding ETF will greatly affect the growth of the price of bitcoin and the rest of the market.
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hawkins
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August 29, 2018, 08:26:27 AM |
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it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
I am also very confident with that. well, most likely the result will be better if the SEC accepts it. well, it could be news that could push up the price of bitcoin at the end of 2018. it could be the price is approaching $ 10000 or higher.
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kateycoin
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August 29, 2018, 09:02:07 AM |
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Assuming anything from ETF is wasted, if not rejected they are going to delay the SEC decision for the approval of the ETF or for the wish of the short-term traders it is going to be approved but don't expect from it don't depend on your decision to ETF you should buy bitcoin for now while the price is still affordable and profitable better events may be waiting from the future aside from this hyped bitcoin ETF.
That's true we can't depend in ETF approval because we know that we can survive from the start even without that ETF. But we need to face the situation like this SO we have no choice if the market affect because of ETF's approval or not. Let always move forward and don't panic because of any bad news.
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Showmethebtc
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August 29, 2018, 09:32:56 AM |
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If the ETF can pass the audit, the market may turn to a bull market because it can attract more investors to join the market!
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timerland
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August 29, 2018, 10:39:44 AM |
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I don't really think that there is much prospect of this ETF getting approved in the next month.
We've just seen so many precedents where the details of the proposal are basically very similar, and all of these previous attempts have been denied. There is no apparent reason that can justify why it will all of a sudden get approved this time round.
Anyhow, I think that prices right now may have shot up in anticipation. I don't think that buying or selling with all you got is the best strategy. The markets have matured to the point where they don't particularly care about the ETF being rejected anymore, so prices shouldn't fluctuate that much unless in the unexpected event of an approval. My advice would be to dollar cost average, hold onto your existing coins, and don't panic buy or sell regardless of the outcome.
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Samarkand
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August 29, 2018, 04:00:33 PM |
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I don't really think that there is much prospect of this ETF getting approved in the next month.
We've just seen so many precedents where the details of the proposal are basically very similar, and all of these previous attempts have been denied. There is no apparent reason that can justify why it will all of a sudden get approved this time round. ...
The ETF decision at the end of September is about a Bitcoin ETF that is actually backed by Bitcoins and not based on BTC futures or another Bitcoin derivative. In this regard therefore the corresponding application is different to all previous Bitcoin ETF applications. Having said that I still think that they are going to postpone the decision until February. And then they will probably deny it as everyone expects.
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el kaka22
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August 31, 2018, 05:16:02 AM |
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Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
I would not expect anything much either. Like I have always said, people pay so much attention on the ETF approval, but in the real sense, the market will always move as it pleases. Nothing can be discarded though at any point, but it is better if we just forget about all the news going on and focus on what the chart is actually telling us. Considering how the market has not been reacting to news lately that much, I would not pay so much attention to the impact of ETF approval, either pending, or disapproved. it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
Yeah, a lot of people are optimistic about it and I am sure if there is a positive result, that might actually breathe in some fresh air on the market and we can see some more institutional money coming into the market and most of the bigger financial players. Nevertheless, we cannot just state categorically, that this will simply just end the bear market all of a sudden. There are still a lot of factors involved in this case to have brought about the bear market in the first place, and we should not leave them out.
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Lucius
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August 31, 2018, 09:44:19 AM |
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Some may say that live expectation of this ETF kept the price at this level, and that without these speculation price will be close to 6k$ or maybe under that. I think there is an influence on crypto market regarding this, acceptance of physical backed BTC ETF would most likely have led to a significant increase in price, this is still something that can not be ignored.
But still we need to be realistic with this, if SEC is not accept this ETF at the first deadline, chances for further acceptance are even less in each of the following deadlines. However we do not know what what's in the head of SEC commissioners, we may all be surprised by their decision.
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developer101dev
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August 31, 2018, 10:48:02 AM |
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Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
Yes you should not expect anything from the market, the price will increase or decrease depending on the global situation which affects the mindset of every cryptocurrency investors.
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begau
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August 31, 2018, 10:58:22 AM |
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Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
Yes you should not expect anything from the market, the price will increase or decrease depending on the global situation which affects the mindset of every cryptocurrency investors. The current global situation doesn't stand out, no more countries accept or prohibit. People look to the ETF because they want something legitimate, which will attract more participants and prices will increase with popularity.
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BitNaija
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August 31, 2018, 12:09:33 PM |
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Don't you think that this ETF is a distraction? How many times will the sit to consider approving the something they refused to approve previously?
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1Referee
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August 31, 2018, 01:56:32 PM |
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Having said that I still think that they are going to postpone the decision until February. And then they will probably deny it as everyone expects.
I would prefer them to reject it right away next month, but they'll likely continue their idiotic let's delay it strategy just to annoy people here. Good thing is that the market has almost reached a state at which it will likely stop caring about these ETF's, because when things become too predictable where even the non elite traders know the trick, which they have in the last months, it will no longer work afterwards. I said it before, the upcoming SEC decision is probably the last time we'll be able to short the news before the news comes out. It's about time the community here moves on and stops focusing on ETF's that don't stand a chance to be approved.
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EatonABooger
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August 31, 2018, 02:46:29 PM |
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Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
Yes you should not expect anything from the market, the price will increase or decrease depending on the global situation which affects the mindset of every cryptocurrency investors. I have a very strong feeling (based on a very limited sample) that the ETF will bring a huge price increase - not just due to speculation, but in real world supply/demand and volume/activity. Supporting data: just in my limited small group of older tech engineers, I would say the handfull of us, alone, will add easily about 1.5 million $ in BTC purchases when the ETF allows for us to invest some of our retirement 401k funds. [I have seen similar posts and observations from other working stiffs.] These funds are locked up for most of the US workers that have company contractual custodial accounts that prevent investment in anything other than SEC approved instruments. My point is that there is a enormous amount of money just waiting to purchase shares in the BTC ETFs. Couple the large population of aging professionals - their retirement funds - and the the media buzz when the ETFs are approved, and you will have a rush to the market to purchase. IMO the price will increase dramatically.
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Rugtilf
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August 31, 2018, 03:04:24 PM |
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it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
If we have the positive results, the price will rise dramatically.
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Bardman
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August 31, 2018, 03:36:27 PM |
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Having said that I still think that they are going to postpone the decision until February. And then they will probably deny it as everyone expects.
I would prefer them to reject it right away next month, but they'll likely continue their idiotic let's delay it strategy just to annoy people here. Good thing is that the market has almost reached a state at which it will likely stop caring about these ETF's, because when things become too predictable where even the non elite traders know the trick, which they have in the last months, it will no longer work afterwards. I said it before, the upcoming SEC decision is probably the last time we'll be able to short the news before the news comes out. It's about time the community here moves on and stops focusing on ETF's that don't stand a chance to be approved. Yes, at this point most people know most ETF's wont get approved anyways and they also know only a few are really important so the rejection of the ''shitty'' ones will certainly not move the market, however the rejection of the big ones will, for sure. They will keep delaying indeed, I think they can until March, I don't remember but there was a chart showing how many days they can delay.
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rockyfeller
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August 31, 2018, 06:12:56 PM |
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People are expecting this ETF schedule, but for me we don't need etf in the first place, We need Bitcoin what ever it takes bitcoin will remain the same and go up eventually. If ETF really approves bitcoin then there would be a moon soon.
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Slow death
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August 31, 2018, 09:19:02 PM |
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Whats your thinking around the outcome? You have two options: 1-) wait on September 30 and if denied, you buy when fall 2-) wait on September 30 and if approved you buy and make a profit. People are expecting this ETF schedule, but for me we don't need etf in the first place... There has been much divergence of opinion on this subject
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hubballi
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August 31, 2018, 09:39:39 PM |
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if their is ETF on 30th september 2018 then if the market crashes before some days of ETF, then just think that it got postponed and if the market raises and price goes up then their are more chances of ETF getting approved. If it got approved then you wont get chance to buy in this low as this low will be not seen in future due to ETF getting approved.
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