Predictions if Bitcoin ETFs are approved

[leea-1334]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

For sure cryptocurrency will get a good market for all its clients or consumers. Bitcoin that has reached its peak market price which is the 19K USD recorded on last 2017, it will be multiplied couple of times depending on the demand for that time if Bitcoin ETF's will be approved. Many user's will become glorious in this if it will going to happen.

I really find it strange that people are still talking about ETFs after all this while. You think the so-called Wall Street bulls are waiting for ETFs so they can change their ways of investing? Of course not,,, there are more than 150 countries outside USA willing and ready to take money for Bitcoin. OTC deals are so common now,,, if Wall Street does not know about this, that would be a shock.

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[gabmen]

There are several groups trying to create cryptocurrency ETFs.What will happen to the value of bitcoin if Bitcoin ETFs are approved ?

For sure cryptocurrency will get a good market for all its clients or consumers. Bitcoin that has reached its peak market price which is the 19K USD recorded on last 2017, it will be multiplied couple of times depending on the demand for that time if Bitcoin ETF's will be approved. Many user's will become glorious in this if it will going to happen.

I really find it strange that people are still talking about ETFs after all this while. You think the so-called Wall Street bulls are waiting for ETFs so they can change their ways of investing? Of course not,,, there are more than 150 countries outside USA willing and ready to take money for Bitcoin. OTC deals are so common now,,, if Wall Street does not know about this, that would be a shock.

Exactly. They put money in with or withiout etf. People have been badly beaten by the bears that they pin hopes on pretty much anything that sounds positive. Don't raise your hopes that much on this etf approval guys. Heartbreaks would hurt more.

[omonuyak]

Since 2016 that I come into bitcoin fully the issues of ETF approval has been the reason why bitcoin get dumped in pricing.  Bitcoin is going to do well when bitcoin ETF is approve then.  I seriously believe that investors are going to come into the market in ETF miraclely get approved.

[prtty2gal2]

I think it will either have a great impact on the price or a horrible one. After all this has been something we have been waiting for for a long long time and if the price doesn't really go up like the way we imagine it will be than we will be left with a similar priced coin that didn't get affected by the thing we hoped it would. That would create a chaos and the price would drop significantly because of people who lost hope on bitcoin price panic selling the coins they hold.

That hopelessness will spread soon to other coins as well and there will be a lot of people who get out of bitcoin and crypto markets totally moving to something else. However if what we imagine happens than we will definitely go towards higher prices like we hoped and than everything will be fine.

[iv4n]

I think it will either have a great impact on the price or a horrible one. After all this has been something we have been waiting for for a long long time and if the price doesn't really go up like the way we imagine it will be than we will be left with a similar priced coin that didn't get affected by the thing we hoped it would. That would create a chaos and the price would drop significantly because of people who lost hope on bitcoin price panic selling the coins they hold.

That hopelessness will spread soon to other coins as well and there will be a lot of people who get out of bitcoin and crypto markets totally moving to something else. However if what we imagine happens than we will definitely go towards higher prices like we hoped and than everything will be fine.

Why one end or another? Do you really believe that SEC, which is US securities and exchange commision, can have so huge affect on crypto? We have governments and banks on one side, crypto on other side, let`s take a look on a simple example:

What is Bitcoin ETF?
Let's understand the Bitcoin ETF meaning - The Bitcoin ETF will be the fund where the underlying asset will be Bitcoin. The Bitcoin ETF will provide the retail investors an opportunity to buy Bitcoin directly through the stock market, without actually owning it.

If you buy a Bitcoin ETF, then you don’t have to worry about its technical challenges like maintaining a Bitcoin wallet, buying Bitcoin and keeping it safe as well.
Source https://coinswitch.co/news/bitcoin-etf-approval-what-is-bitcoin-etf

Now can you say me did we need a stock market before? Did we need to give someone our private keys before? What does bitcoin etf really means? For me that`s just funny, how one government is trying to suppress and somehow regulate very fast growing crypto community.

[ryap12]

I think it will either have a great impact on the price or a horrible one. After all this has been something we have been waiting for for a long long time and if the price doesn't really go up like the way we imagine it will be than we will be left with a similar priced coin that didn't get affected by the thing we hoped it would. That would create a chaos and the price would drop significantly because of people who lost hope on bitcoin price panic selling the coins they hold.

That hopelessness will spread soon to other coins as well and there will be a lot of people who get out of bitcoin and crypto markets totally moving to something else. However if what we imagine happens than we will definitely go towards higher prices like we hoped and than everything will be fine.

Why one end or another? Do you really believe that SEC, which is US securities and exchange commision, can have so huge affect on crypto? We have governments and banks on one side, crypto on other side, let`s take a look on a simple example:

What is Bitcoin ETF?
Let's understand the Bitcoin ETF meaning - The Bitcoin ETF will be the fund where the underlying asset will be Bitcoin. The Bitcoin ETF will provide the retail investors an opportunity to buy Bitcoin directly through the stock market, without actually owning it.

If you buy a Bitcoin ETF, then you don’t have to worry about its technical challenges like maintaining a Bitcoin wallet, buying Bitcoin and keeping it safe as well.
Source https://coinswitch.co/news/bitcoin-etf-approval-what-is-bitcoin-etf

Now can you say me did we need a stock market before? Did we need to give someone our private keys before? What does bitcoin etf really means? For me that`s just funny, how one government is trying to suppress and somehow regulate very fast growing crypto community.

They're trying to control the number 1 cryptocurrency. They want everybody to participate once it's approve. Im not even sure if the BTC price will really rise if ever ETF get's approve because 2018 really slapped everyone with their prediction of bitcoin to hit $25k.

[ololajulo]

They're trying to control the number 1 cryptocurrency. They want everybody to participate once it's approve. Im not even sure if the BTC price will really rise if ever ETF get's approve because 2018 really slapped everyone with their prediction of bitcoin to hit $25k.

This should be discussed also, cause people might be disappointed if they don't see what they expect in the price after ETF approval. I expect some reaction with the approaching ethereum hard fork, something in the height of $500 but it is struggling to stay above $100. I am looking at where the hope comes from. The whales are in charge and we call it decentralized.

[Rapidgator]

In my opinion there will be few months of big consolidation period or a slight uptrend price action for Bitcoin, for altcoins hard to say but probably they're going to have an even better price action than Bitcoin.

[iv4n]

They're trying to control the number 1 cryptocurrency. They want everybody to participate once it's approve. Im not even sure if the BTC price will really rise if ever ETF get's approve because 2018 really slapped everyone with their prediction of bitcoin to hit $25k.

This should be discussed also, cause people might be disappointed if they don't see what they expect in the price after ETF approval. I expect some reaction with the approaching ethereum hard fork, something in the height of $500 but it is struggling to stay above $100. I am looking at where the hope comes from. The whales are in charge and we call it decentralized.

Whales are not in charge, they are making huge waves but they are not in charge, again we can discuss about mining power and are whales and miners are the same people or you have whales among ordinary people too.  Each of us have optimistic prediction about crypto future, it`s cause we have crypto, and new big wave will come again, just not so soon like many people thinks it will. I`m here for a while, and I can say that world was never so interested in crypto like now, that will reflect on price eventually, we just need to be patient.

[Thanasis]

In my opinion there will be few months of big consolidation period or a slight uptrend price action for Bitcoin, for altcoins hard to say but probably they're going to have an even better price action than Bitcoin.

There will be some huge hype on the prices initially but in long ru it may not get any effect and its unlikely going to get approved too so there is no need to worry about ETF approval it also a word can tell by the price manipulators.

[superstarbtc]

the main prediction if bitcoin Etfs are approved then we can expect the market to touch around 8000 dollars to 10000 dollars There are chances Etfs see positive news from Sec

[Idrisu]

If ETF is approve by sec this year it will be the reason why bitcoin and cryptocurrencies market is going to pump. I think many institutions investors are waiting for this approvals in other for them to invest into cryptocurrencies market as it seen the alternative to stocks and commodities market currently.

[aleandromagno]

When Bitcoin ETF is accepted, I expect institutional investors to become interested in the cryptocurrency market, which will surely cause skyrocketing of Bitcoin's price.

[kumala_abi]

When Bitcoin ETF is accepted, I expect institutional investors to become interested in the cryptocurrency market, which will surely cause skyrocketing of Bitcoin's price.

sure it could happen when ETF already accepted.when BAKKT already launched their platform there will massive inflow come to cryptocurrency market.and its will make crypto price and demand rise extremely.

[shoreno]

When Bitcoin ETF is accepted, I expect institutional investors to become interested in the cryptocurrency market, which will surely cause skyrocketing of Bitcoin's price.

sure it could happen when ETF already accepted.when BAKKT already launched their platform there will massive inflow come to cryptocurrency market.and its will make crypto price and demand rise extremely.

thats good to hear from you guys  . i love it when someome makes a good speculation because most that i read lately are all negative and bad news  .  if etf are approved the price can surely rise but its impossible to predict it because not all investors will easily be tempted to crypto even if they already witnessed its credibility  . doubts cant be remove because the potential risks are still there .

[sunanbonang]

actually I am very sick of talking about ETFs, but that is our only chance to see bull this year. it looks like ETFs will never be approved before Bitcoin reaches $ 1k. it's very boring 

[el kaka22]

There is no doubt bitcoin price will go up,  mean we all have been waiting for it for a long time and I think it will be the fire lit under bitcoin price that will take it to next level.

We are not going to see another 20 thousand dollars for a long time because it wasn't a news that made it go that high, it was the new investors that came in and increased the volume and the hype for bitcoin that made too many buyers with too little amount of sellers, with this ETF approved the buyers will not change drastically but sellers will not be willing to sell that much which means the price will definitely go up but probably not as much as it used to. There are big difference between them that is not quite common knowledge but it is still both a good result for people who are holding bitcoin.

[Kemarit]

Now it looks like the whole argument has changed since Van Eck / Solid X has official withdraw their Bitcoin ETF application. But the good thing is that the price continue to hold and it didn't affect the price in a negative way.

Does this mean that the bears are really exhausted at this point and no matter news coming for ETF's has no effect or didn't put a dent on the price?

[ice18]

Now it looks like the whole argument has changed since Van Eck / Solid X has official withdraw their Bitcoin ETF application. But the good thing is that the price continue to hold and it didn't affect the price in a negative way.

Does this mean that the bears are really exhausted at this point and no matter news coming for ETF's has no effect or didn't put a dent on the price?

You are right looks like bitcoin price are immunized from any news good/bad, I think the reason for withdrawal is to avoid being denied since US government is currently shutdown and they have until Feb. 27 for final decision with no extension if they will reapply again it will again reset for another 240 days extension.   

[Stedsm]

Now it looks like the whole argument has changed since Van Eck / Solid X has official withdraw their Bitcoin ETF application. But the good thing is that the price continue to hold and it didn't affect the price in a negative way.

Does this mean that the bears are really exhausted at this point and no matter news coming for ETF's has no effect or didn't put a dent on the price?

I believe this ETF thing had been hyped way too much that people were being put under the FUD to be played with these puppets as and when these so-called influencers wanted to. Even if they withdrew it, the markets remained so stable that nobody panicked and didn't really react the way these guys wanted. I believe that ETF is not a news of that high level when we compare these talks to Bakkt's launch, I'm awaiting on what's next on it.