Would ETF APPROVAL in early 2019 ever have positive influence in Bitcoin Price?

[Asger223]

The value of bitcoin still can't be measured with any pattern or algorithm. It just changes on its own. So the only influence would be for the investors who would believe in it and exchange or use as such.

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[KassandrHicks]

Bitcoin price would not entirely be dependent on ETF approval. It might have some influence. Even if ETF gets approval, it might not be a big difference.

[Bonsaiav]

Some group of people  has argued we will experience another high surge in Bitcoin Price early 2019 when ETF get approved  while some said ETF does not have any crucial role in influencing Bitcoin Price positively. From the little experience i have acquired since i started trading on Cryptocurrencies ,  i have got to realize price Predictions has never been any effective .The underlying theory of Bitcoin price determinants still remain a mystery unlike in traditional market unless someone got a Crystal ball. lols. Some experts has made lots of wrong prediction in the past.

Bitcoin ETF approval is very complex, because it requires SEC to maintain a balance between providing investors with unique, strange, odd opportunities and ensuring that financial products must be safe. As always the negative consequences of regulatory decisions can only be evaluated after the event (this thing reminds me about CBOE and Bitcoin Future), this means explaining that the US SEC must be extra 'careful' in evaluating every ETF application.

[1Referee]

I think the Bitcoin ETF and Bitcoin Future are no different, both of them are the vehicles of the popes to deceive/manipulate bitcoin prices as happened in the middle of December 2017.

There is actually a significant difference in use case and potential impact on the market.

The futures as we know them right now are nothing more than empty products meant to provide legal exposure to those willing to bet on an increase or decrease at the end of the contract date. It's all cash settled and there is no way these products contribute to Bitcoin in any shape or form. On top of that, you can basically short an unlimited amount of Bitcoins as long as you have enough cash.

ETF's that are backed by actual coins provide legal exposure that is generally more focused on the long term, and with that we can expect coins to remain out of circulation for as long as these shares aren't liquidated back to fiat. The more demand there is for coin back ETF's, the more custodial entities need to stock up on Bitcoin to keep up with the demand. There can't be more ETF shares than there are Bitcoins in circulation.

[Pursuer]

if by "positive influence" you mean a rise because of FOMO buys then yes. obviously something that was so hyped up at some point in the past can still get hyped up again in case it is approved and that can lead to a rise. but I wouldn't really consider it as a "positive influence" since such rises are never good and they are always unstable rises.
what we need is another year of solid rises like from 2015 until near the end of 2017.

[bitbunnny]

Well, we are waiting for a while now for ETF approval and there are many who expect a lot from it. Some think this is the only obstacle left for Bitcoin to fly again to 20000$ again.
But I'm not so much convinced in that theory.
If ETF approval happens it might influence on Bitcoin price in positive way, so some pump could be expected. Still it will not probably last a long, so I expect more temporary effect.

[Pab]

Price of gold raised 300% after EFT was approved
Below i am posting very good article explaining what ETF really is
and what impact on market we can expect


https://medium.com/@tradingroomapp/the-trillion-dollar-bitcoin-question-dae85644ad06

Worth to read

[katiecbell]

Some group of people  has argued we will experience another high surge in Bitcoin Price early 2019 when ETF get approved  while some said ETF does not have any crucial role in influencing Bitcoin Price positively. From the little experience i have acquired since i started trading on Cryptocurrencies ,  i have got to realize price Predictions has never been any effective .The underlying theory of Bitcoin price determinants still remain a mystery unlike in traditional market unless someone got a Crystal ball. lols. Some experts has made lots of wrong prediction in the past.

It would definitely have a great positive influence in bitcoin price but the question is why are we acting like all these ETF applied would make any difference on the result. SEC has been declining it for a while now and I don't know why they would accept it now.

ANY etf that gets accepted will have a positive influence in bitcoin price, not just early 2019, it can be 2022 when it gets accepted and it would still make a great price increase however I am not so sure it will be accepted anytime soon. I think we need at least another couple years for it to get accepted. Early 2019 is just too close and doubt it would make a huge difference since just a week ago.

[zazarb]

First, we have to wait for the decision of ETF and then everything will become clear, but if the decision of the ETF will be approval , I think it will inevitably have some sort of impact on prices. It will be hard to say what it will be, but it really will have to be.

[talkbitcoin]

by 2019 price should already be on the rise. possibly a slow rise back up towards $10k and then the rallies will begin probably in mid 2019. so with ETF news not that much is going to change in my opinion because the trend will be shaped up by then. and any effect that might have will be temporary.

[Coin_trader]

Bitcoin price would not entirely be dependent on ETF approval. It might have some influence. Even if ETF gets approval, it might not be a big difference.

Agree with this. The Bitcoin price is going up or down due to some factors but those factors are not constant, there are times that a certain news made the price to drop but that same news will not affect the price in some other time. What i mean is, those factors affects the pricing in some different impacts. Now, it would affect the price more but later if these factors came again, the impact would not that great.

[Siren]

Some group of people  has argued we will experience another high surge in Bitcoin Price early 2019 when ETF get approved  while some said ETF does not have any crucial role in influencing Bitcoin Price positively. From the little experience i have acquired since i started trading on Cryptocurrencies ,  i have got to realize price Predictions has never been any effective .The underlying theory of Bitcoin price determinants still remain a mystery unlike in traditional market unless someone got a Crystal ball. lols. Some experts has made lots of wrong prediction in the past.

How many times this ETF has been denied?but still people looking at this politely?

Do you think bitcoin won’t progress if this ETF don’t succeed?Lol seems like a joke huh?

For how many rejection of this attempt bitcoin goes high still for all of us,and until now we have been progressing so lets be considerate and stop expecting that to become reality