Impact of the pending ETF in September?

[bitcoinposts]

Etf news will definitely show more slowdown of volumes in cryptocurrencies and we can see more dump coming in

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[darkangel]

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.

I don't think the ETF will be approved, Next time they will continue to reject it and then make a decision to review it again. The market will not be affected by the ETF in the future if it is rejected. And this is a good time for us to buy because prices are now as low as possible

[Jiucaige]

ETFs can bring more investors to the market, which is inevitable, but I still think that if the ETF fails, then red will appear again in September?

[1Referee]

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.

Correct. They can officially delay it until March next year, but when a review is granted in March after the "final" rejection, the actual final (hopefully for real this time) decision could be pushed all the way to late 2019. The Winklevoss ETF review took nearly a year IIRC.

I'm pretty sure all these rejections, delays and reviews are tests to see how the market reacts to each and every ETF announcement. Otherwise what would be the benefit of all this trolling? If you up front know that none of the current ETF's will be approved, what's the point of delaying and reviewing decisions?

Perhaps they are trying to get the market to a point where it no longer gives a shit about ETF's, and then suddenly drops the bomb and approve one out of nothing in the next few years.

[acheampong64]

I really don't like to hear this thing. It really affects our market. When one is there and we see the market moving in a positive direction this thing will come and disturb us once again. I really hate this ETF FOMO and then pump/dump. Moreover, the SEC have been having great influence on this market which isn't a good thing. It affects the anonymity and decentralization of crypto.

[coinplus]

I doubt it will have any affect if it gets rejected.

We have seen bitcoin ETF's get rejected multiple times so far and none of them really affected the price that much and I think people believe that even discussing bitcoin as a way of making money on regular peoples ETF subjects is a great news for bitcoin even without getting accepted, although if it gets accepted and there is an ETF of bitcoin for everyone to invest with their banks or wherever they will get it, than the price can go up so much that the bull run on December will look small.

Hence, there is really no downside to this, if it gets rejected as always (which I think it will) it won't go down but if it gets accepted the sky is the limit for us.

[bitbunnny]

This story with ETF is now going for too long.
It looks like SEC is intented to prolonge their decision as much as possible, for some reason.
Currently that is not doing much harm to Bitcoin but it's not helping it either.
At the end they might not approve ETF but still I.don't think this will impact Bitcoin too much negative, except maybe on a short term. No matter to that I beleive the price will start recovering with the end of the year.

[godfredmanu]

Traders speculating on the pending ETF if positive will push the price of bitcoins and the whole cryptocurrency market into a bull run and if it become possible for endorsement of the ETF by SEC then bitcoins will be heading to the 20,000USD.

[yndye]

This story with ETF is now going for too long.
It looks like SEC is intented to prolonge their decision as much as possible, for some reason.
Currently that is not doing much harm to Bitcoin but it's not helping it either.
At the end they might not approve ETF but still I.don't think this will impact Bitcoin too much negative, except maybe on a short term. No matter to that I beleive the price will start recovering with the end of the year.

Yes, they are really dragging it and making the people become impatient. There is a high probability that they would reject it just as what they did to others but then will it really have a big impact to the price? I think there would be for the short term wherein if it would be approve then price would shoot up and many would be selling then which would become pump and dump and then after the decision, we are yet to see then the organic growth of it.

[krauzzer02]

Why they are so focused on bitcoin ETF hype so far, don't expect too much from it you will get yourself hurt once it gets rejected, the SEC is delaying their decisions for a reason, bitcoin manage to have ATH almost 20k without that repetitive hype of ETF, most of the post about ETF as to how it will affect the price, the postponement, rejection and butthurt are from newbie account.

[Bardman]

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.

Correct. They can officially delay it until March next year, but when a review is granted in March after the "final" rejection, the actual final (hopefully for real this time) decision could be pushed all the way to late 2019. The Winklevoss ETF review took nearly a year IIRC.

I'm pretty sure all these rejections, delays and reviews are tests to see how the market reacts to each and every ETF announcement. Otherwise what would be the benefit of all this trolling? If you up front know that none of the current ETF's will be approved, what's the point of delaying and reviewing decisions?

Perhaps they are trying to get the market to a point where it no longer gives a shit about ETF's, and then suddenly drops the bomb and approve one out of nothing in the next few years.

Possibly yes. Last time there was pretty much no reaction from the market so it does look like the market has evolved and most people know ETFs are unlikely anyways.  An approval of any ETF would certainly push the market up at least just enough to change the trend.

[Bokugo]

Why they are so focused on bitcoin ETF hype so far, don't expect too much from it you will get yourself hurt once it gets rejected, the SEC is delaying their decisions for a reason, bitcoin manage to have ATH almost 20k without that repetitive hype of ETF, most of the post about ETF as to how it will affect the price, the postponement, rejection and butthurt are from newbie account.

We know about 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.

[Remember remember the 5th of November]

Traders speculating on the pending ETF if positive will push the price of bitcoins and the whole cryptocurrency market into a bull run and if it become possible for endorsement of the ETF by SEC then bitcoins will be heading to the 20,000USD.

Looking back at what happened so far, there are always pumps before the announcement. Then the ETF gets rejected, price goes down. Manipulators know this, so they will essentially place sell orders that day and reap in easy cash.

[aso118]

I think it is time people stop trying to see a (highly improbable) ETF approval as the driver of a bull rally. If Bitcoin has to succeed, it is better if the price rises without these crutches. The ETF would make it easier for people to invest in Bitcoin, but I would be happier if they took the effort to learn about Bitcoin and actually invested in it.

[millensharon8]

I think it is time people stop trying to see a (highly improbable) ETF approval as the driver of a bull rally. If Bitcoin has to succeed, it is better if the price rises without these crutches. The ETF would make it easier for people to invest in Bitcoin, but I would be happier if they took the effort to learn about Bitcoin and actually invested in it.

Right! I have always wondered why people pay a lot of attention to it whereas there is a huge indecision on how the market would react based on the news and no one sure knows. Sure and like you said, that would bring about some form of relaxed mind for new investors who have been eyeing the market, but with or without it, I still believe market will move on anyway.

[Deku]

I think it is time people stop trying to see a (highly improbable) ETF approval as the driver of a bull rally. If Bitcoin has to succeed, it is better if the price rises without these crutches. The ETF would make it easier for people to invest in Bitcoin, but I would be happier if they took the effort to learn about Bitcoin and actually invested in it.

Right! I have always wondered why people pay a lot of attention to it whereas there is a huge indecision on how the market would react based on the news and no one sure knows. Sure and like you said, that would bring about some form of relaxed mind for new investors who have been eyeing the market, but with or without it, I still believe market will move on anyway.

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.

[KingdomHearts]

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!

That is a big IF. Sure, this would really bring about some pretty good growth in the market and we could actually see this helping the market to grow in size well based on more investors and institutions seeing the need to be a part of the market.

I still will not want to pay a lot of attention to it based on the fact that, we have had news in the past expected to at least breathe some fresh air into the market, but instead the market still moved as it pleases. Let's see how this would go and probably keep the IF at the back of our mind.

[Osarman]

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.

I do not think so as well. I personally will not expect anything at all related to ETF to be approved this year. This may be a very strong one that would bring an impact to the space either positively or negatively, but if anything would happen, we might as well end up seeing some further delays towards early 2019 instead.

A lot of people still believe that the price is holding at this point; because investors are anticipating for the outcome of the ETF, let's see how well this would go.

[Samarkand]

...
I'm pretty sure all these rejections, delays and reviews are tests to see how the market reacts to each and every ETF announcement.
Otherwise what would be the benefit of all this trolling? If you up front know that none of the current ETF's will be approved, what's the point of delaying and reviewing decisions?
...

I don´t know for sure, but maybe they want to create the impression that they are actually
doing something productive at the SEC. After all they have to justify why they need
a budget of hundreds of millions of $ and therefore it is necessary that they produce some
approvals and rejections from time to time.

The ETF would make it easier for people to invest in Bitcoin, but I would be happier if they took the effort to learn about Bitcoin and actually invested in it.

I don´t know why people keep repeating this statement. One of the recent
ETFs that got denied had a minimum investment of 200k $. You can´t really
claim that it is easier to invest in a product like this when most people can just
sign up at an exchange of their choice and buy BTC for 100 $. The high minimum
investment of a potential BTC ETF acts as a huge barrier for the average person.

[Haidong Liang]

ETFs can bring more investors to the market, which is inevitable, but I still think that if the ETF fails, then red will appear again in September?

If the application for the ETF fails, the price could drop for a while. Then it will resume the upper trend.