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NeuroticFish
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January 12, 2019, 04:48:29 PM |
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I am not great at this, but I guess that Bitwise ETF is a cash-backed Bitcoin ETF. And if it's so, I won't be too happy about it, especially after reading this article " Bitcoin ETFs - Cash-backed Vs. Physical: How Will They Impact the Market?" However, I think that we give too much importance to these ETFs...
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mikeywith
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January 12, 2019, 05:13:51 PM |
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I personally do not give a single fuck about any ETF to be honest, price went to 20k before most people knew what ETF was.
the moment people started to wait for ETF to boost price, the market just kept crashing, the bull run will start with or without ETF.
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HODL2090
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January 12, 2019, 05:28:28 PM |
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I do not like to see bitcoin mentioned in the same sentence or mentioned in the same breadth as regulation or centralization. Bitcoin is meant to be used as a means of exchange, a currency and not an asset class with speculative value. Furthermore, I doubt ETF would be beneficial in the goal of achieving price stability.
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pooya87
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January 25, 2019, 04:39:08 AM |
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do people still talk about ETFs?!! what's the point of it when SEC continues to reject all of them. it is now guaranteed to be rejected. and unlike what it says in the OP i don't think it is any different from others. there have been a couple of other proposals which were similarly relying on getting the prices from multiple exchanges. in fact i think ever since Winklvos brothers' ETF which relied on one exchange (their own) for prices was rejected, other ETFs started changing their proposals and rely on multiple ones. but they all get rejected the same.
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Mighty_crypt
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January 25, 2019, 04:57:53 AM |
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This is not the ETF we need at the moment and I'm sure this won't have impact on bitcoin price ,I think we should just move on and forget about ETF this year 2019 because its not going to happen ,I saw it on news that its been rejected anyway ,its time for those who are weak to leave crypto for good
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livingfree
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January 25, 2019, 05:25:41 AM |
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Nobody talks about ETF's anymore. The market defended itself even after the recent pulling out of CBOE from the everyone's hope of VanEck-Solidx Bitcoin ETF. what's the point of it when SEC continues to reject all of them. I agree that there's no more point of applying for further proposals IMO. Even the earliest proposal from the Winklevoss twins before around 2016 IIRC was also rejected. Everyone also expects that this bitwise ETF proposal will have the same fate with the first' proposals.
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Kakmakr
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January 25, 2019, 05:42:38 AM |
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The SEC will only approve Bitcoin ETFs, when they can control every aspect of it. They will have to make sure that external price manipulation will not be possible <Example : Asian markets faking transaction volumes and whales manipulating the price> and all transactions and trading must be traced with their surveillance software. The only way to do this, would be to buy 1000s of coins and to trade those coins in a closed market. The global market price, will not have any influence on those coins in the closed market. <The price are then determined by the supply & demand from within that closed market>
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CryptoBry
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January 25, 2019, 07:55:58 AM |
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I personally do not give a single fuck about any ETF to be honest, price went to 20k before most people knew what ETF was. The moment people started to wait for ETF to boost price, the market just kept crashing, the bull run will start with or without ETF.
It is quite a pity that Bitcoin has now become under the mercy of the regulators who are in the first place one of the big reasons why Bitcoin came into being and that is to bypass them altogether so we can never anymore be under their control. But then reality struck and reality bites so now the so-called bull run is hinged with the approval of any ETF applications now under the desk of the SEC. On the contrary, I don't believe that ETC can be the right trigger for any bull run. It must be the demand for Bitcoin and there is no guarantee that the ETF can be providing this demand in the first place as all of these things are just speculative. However, don't get me wrong as I am also excited in cases an ETF can be approved.
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sirohige
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January 25, 2019, 08:23:44 AM |
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seen from the first ETF that saw the failure of the ETF and made the price fall, it seems that for the second stage it will be the same as the first stage, ETF can never be applied for bitcoin exchange, this bitcoin is free and will never be able to give circulation rules or whatever.
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jseverson
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January 25, 2019, 08:44:41 AM |
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It is quite a pity that Bitcoin has now become under the mercy of the regulators who are in the first place one of the big reasons why Bitcoin came into being and that is to bypass them altogether so we can never anymore be under their control.
I feel like that's taking it a bit too far considering this is just an ETF. The SEC's decision won't have any fundamental effect on the Bitcoin network or its transactions at all. But then reality struck and reality bites so now the so-called bull run is hinged with the approval of any ETF applications now under the desk of the SEC. On the contrary, I don't believe that ETC can be the right trigger for any bull run. It must be the demand for Bitcoin and there is no guarantee that the ETF can be providing this demand in the first place as all of these things are just speculative. However, don't get me wrong as I am also excited in cases an ETF can be approved.
Yep, ETF approval is just one of the many possible catalysts. It's also the most obvious one at the moment, which is why people won't stop clamoring for it.
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Caladonian
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January 25, 2019, 09:15:23 AM |
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Nobody talks about ETF's anymore. The market defended itself even after the recent pulling out of CBOE from the everyone's hope of VanEck-Solidx Bitcoin ETF. what's the point of it when SEC continues to reject all of them. I agree that there's no more point of applying for further proposals IMO. Even the earliest proposal from the Winklevoss twins before around 2016 IIRC was also rejected. Everyone also expects that this bitwise ETF proposal will have the same fate with the first' proposals. Nothing else but to agree, each proposals haven't got a chance to be accepted, as factors regarding to manipulations still in big questions, people around SEC wanted to make sure that they've got a capability to control assets within their jurisdictions, knowing the principle of BTC, it will not get any chance as security and stability will always be at risk. As people around this Industry have nothing to expect unless they've seen the approval has been granted, but that's another story/matter to discuss.
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talkbitcoin
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January 25, 2019, 09:30:39 AM |
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It is quite a pity that Bitcoin has now become under the mercy of the regulators who are in the first place one of the big reasons why Bitcoin came into being and that is to bypass them altogether so we can never anymore be under their control.
why do you think that is? don't confuse it when many people are wishing for regulations and ETFs these days with bitcoin being "at their mercy"! it is just those people who are fooled into thinking things such as ETF are good and necessary for bitcoin. many of them have motivations such as "profit" and they are excited about ETF only because they think it is the only way bitcoin can rise up!!!
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Slow death
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January 25, 2019, 10:10:04 AM |
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the bull run will start with or without ETF. it may be possible that we will never see this " bull run " again Nobody talks about ETF's anymore... With so many postponements people have lost hope and decided to forget about these ETFs. It's another proposal that will be rejected, so the best thing people can do right now is: forget about any ETF and focus on the concrete things. Do not count on things that are pending approval
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Pursuer
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January 25, 2019, 10:30:08 AM |
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the bull run will start with or without ETF. it may be possible that we will never see this " bull run " again yeah, from day one that bitcoin was created, anything was possible. it might have died in first thousand blocks and never meet the second month of its existence but it did continue existing for 10 years and not just that, it continued to grow and be adopted by countries as a currency too! and since I don't believe bitcoin is dead, I'd say the chances of not seeing a bull run is zero.
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Lizzylove1
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January 25, 2019, 11:53:15 AM |
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We had fair well in 2017 even without hearing the word ETF, but immediately ETF discussion came on-board, the many ups and down of bitcoin started. I feel some what moved to suspect the SEC and banks in a conspiracy to frustrate/suppress the bitcoin growth and mass adoption. With less users, the bitcoin mooned to ATH, but with more users, the reverse is now the case. What do you call such scenario? Conspiracy of the rich!
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proTECH77
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January 25, 2019, 12:05:03 PM |
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I think it's time we all keep quite for these enemies of Bitcoin ETF and SEC. Of recent i have been thinking about the rise and fall of Bitcoin since the last bull run in 2017 but still wondering if the issues of ETF and SEC have direct impact on the general market. If this has direct impact then why can't we shun the ETF and SEC to continue with what we believe in?
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benres
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January 25, 2019, 12:13:27 PM |
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We just have to move on even if ETF proposals for now are being denied this will never stop bitcoin but will be stronger in the future. More developments will soon be introduced in the blockchain even if there are no ETF the most important in this technology of bitcoin, the blockchain and all the cryptocurrency out there is the fundamentals that will give fair chance to every consumers and transactions.
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LFC_Bitcoin
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January 25, 2019, 12:17:28 PM |
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I just don’t think we’re going to see an ETF approved in the near future. It doesj’t matter what’s proposee, it seems the SEC simply aren’t interested in even considering an approval.
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MainIbem
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January 25, 2019, 12:18:41 PM |
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ETF is surely a big thing to expect in the effort to kick start mass adoption of cryptocurrency. Yet, in packaging these proposals, I think the guys that put up the proposals just do it for the sake of proposal. If not, how can more than 5 different submissions fail the same hurdle, the SEC?
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