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Author Topic: ETF was over hyped! Nothing has happened!  (Read 101 times)
hadveach
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August 23, 2018, 10:10:14 PM
 #21

ETF have important values in the US for all crypto users, I think if the SEC accepts ETF proposals, then ETF will be the first in the US.

I disagree with you, if the ETF is accepted by the SEC, then, of course, the crypto trading volume will get better.

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August 23, 2018, 10:16:17 PM
 #22

People were hoping the ETF would trigger another bull run, which hasn't obviously occurred. However, in due time, the halving of BTC in the future will create more scarcity of BTC, which would lead to price increases. Not now, but perhaps by 2023, we could see a $160 000 ATH.

Someone posted the graph which could be a valid theory on the price of BTC for the future. I do not take credit for this, don't know who the original creator is.


This is the catch when bitcoin's etf will be approved. Expect this to happen in late September this year. Whoo, I really do hope to see it fly again. New ath incoming.



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August 23, 2018, 11:28:48 PM
 #23

I do hope the expectations are not cut short over a long period of waiting. The ETF might not preferably be the opening of the cryptocurrency's bull run but a sum total of other factors and indicators.

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August 23, 2018, 11:42:48 PM
 #24

Yes, right. In reality, Bitcoin does not need an ETF proposal. Because we as Bitcoin users have the right to access Bitcoin. And right, Bitcoin will not experience price increases in the short term.

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August 23, 2018, 11:45:21 PM
 #25

It is sad it was rejected  once again, the good news however is the fact that the market did not crash in price, on the contrary, it went up, that may indicate we are beginning to depend less on the ETF which is a good thing
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August 24, 2018, 12:08:41 PM
 #26

Finally, the ETF application for Bitcoin got rejected by the SEC. The market has remained the same. No drop in prices or whatsoever. So, why did people over hyped the ETF and almost made it look as if everything will collapse if the ETF is not approved?
There was no ETF approval for Bitcoin in December 2017 when Bitcoin recorded its all time high of $20,000. We should not over give credence to something when there is actually no real reason to. I am sure the experienced Bitcoin investors were never bothered about this ETF of a thing.
I guess we all are wiser now.
A lot of people attached a lot of importance to the SEC judgement on the ETF. But I believe if the ETF was approved, Bitcoin price would have soar more.
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