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Author Topic: Impact of the pending ETF in September?  (Read 414 times)
Haidong Liang
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September 04, 2018, 08:14:29 PM
 #61

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.
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September 04, 2018, 09:20:20 PM
 #62

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.
Do we really need ETF or this is just a speculation in this market? Well, IMO even if the SEC disapproved this again, the market will just move normally just like what happened before where SEC already denied some of the ETF. Bitcoin is great and even without ETF it can still soar higher.

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September 04, 2018, 11:25:12 PM
 #63

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.
Do we really need ETF or this is just a speculation in this market? Well, IMO even if the SEC disapproved this again, the market will just move normally just like what happened before where SEC already denied some of the ETF. Bitcoin is great and even without ETF it can still soar higher.

Yes I don't think we need ETF, Bitcoin will work great without the etf, the etf could make the price go high, but we don't know what other impact is going to happen, but some people trade based on this news, it has happened few times that when etf being rejected the price will fall down, so the etf denial will have impact on the price

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September 05, 2018, 12:01:19 AM
 #64

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.
ETF is definitely getting denied, unless there's something else that's happening that we are not seeing. Its the United fucking States of America, if some shit happens like SEC get bribed to approve an ETF, then yeah, the price is gonna go up. But who cares,right? People will become millionaires by doing nothing. Not the first time this is happening.  Sad


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September 05, 2018, 12:37:20 AM
 #65

Yes I don't think we need ETF, Bitcoin will work great without the etf, the etf could make the price go high, but we don't know what other impact is going to happen, but some people trade based on this news, it has happened few times that when etf being rejected the price will fall down, so the etf denial will have impact on the price

If you are trading base on news then the approval or rejection of the ETF would have a big impact in the price and more likely you will be able to predict where the price might go after hearing it. Since there is a high possibility of being rejected due to what happen with the previous applications, this would be more advantageous to those who know how to short it and they can multiply their capital in a short amount of time;however, the opposite is also possible when the price moves not in their favor wherein it can wipe out their account in a short while as well.

Do we really need ETF or this is just a speculation in this market? Well, IMO even if the SEC disapproved this again, the market will just move normally just like what happened before where SEC already denied some of the ETF. Bitcoin is great and even without ETF it can still soar higher.

I don't think we really need an ETF because once there would be more people joining the bandwagon then price would naturally go up as the demand increases and I think this would be better than having an ETF that may temporarily pump the price but then there would be a dump happening as well that would make people lose their investment.


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September 05, 2018, 01:06:19 AM
 #66

waiting for the good news about ETF is like waiting an unexpected event that you never knew if its can give you a good mode or not. meaning as long as there is no formal announcement about it, the impact of ETF to bitcoin is a massive depress to all investors, because if its get denied again, the chance of it to being adopted worldwide will decrease, even the price of it will drastically fall, and its has a huge effect in all investors worldwide waiting for the good news about it,
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September 05, 2018, 07:19:28 AM
 #67

No one can say what is going to happen. This is the strongest ETF application so far pending approval in September end so there is some hope.
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September 05, 2018, 07:26:51 AM
 #68

It’s getting rejected, I’m pretty certain about that. Feel free to quote me but I won’t be disappointed if it does get approved. Quite the opposite, I’ll be fucking delighted because it’ll make the price go up a lot so my coins will be worth more Smiley

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