Big SEC Decision on Bitcoin ETFs: What's Your Price Prediction?

[adaseb]

Most likely the etf will be delayed. Same with all the other etf applications which are current including blackrock. The blackrock team basically stated that it will take 4-6 months for the etf to be approved but they are confident that it will be approved.

The sec will delay it and ask for more documents most likely. This will go back and forth until the sec is satisfied and then they will eventually approve it but it won’t be at least until the end of the year.

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[Blitzboy]

Thus, everyone is raving about this Bitcoin ETF decision as if it were the final word. But let me tell you something: Bitcoin doesnt fucking care. There's no denying its worth, strength, and promise. And to everyone who is currently doubting it? They will be crying with remorse in a few years. Recognize that Bitcoin is far more significant than such insignificant issues rather than waiting anxiously for the SEC's ruling. Tomorrow is here. Lets not get lost in today's noise and miss the bigger picture.

[bluebit25]

During a gloomy market period we have little reason to justify volatility, before the ETF and SEC news I actually found it funny because a lot of people thought it was good news in, of course, acceptance. Acceptance seems to be very popular with those waiting but honestly it is not so special, and this issue will easily force the next time on acceptance and openness.

[Best-mary]

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

Like saying the people that wants to see the fall of bitcoin are the one bringing it to light. Now I'm eager to see how this goes at the same time looking at my chart

[btc_angela]

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

Like saying the people that wants to see the fall of bitcoin are the one bringing it to light. Now I'm eager to see how this goes at the same time looking at my chart

And with that, there is no major SEC decision that is forthcoming, for example the ARK 21Shares Bitcoin ETF Filing was pushed again by the SEC. So obviously, with this news, there are no impact whatsoever, we remain as what we have seen in the last 6 months or so, $28k-$30k at least.

So I guess we really need to wait for the decision itself. I mean the day whether they will approved or denied it. Not just saying that they are going to delay with their decision. It's either a Yes or a No to see the impact on the price.

[Best-mary]

I am personally not expecting much of a price change with the introduction of more ETFs of Bitcoin.
Perhaps it could bring more awareness of Bitcoin to people who have been used to traditional investment tools for a while, but in reality the best case scenario would be new people joining and actually buying and keeping their Bitcoin in their personal wallets.

At least we are seeing how Bitcoin and crypto in general slowly continues to lose the stigma it had from the beginning, this is not longer an asset used for tax evasion and dark web dealings, but a legitimate one which people is interested in.  Eventually, skeptic users will move from ETFs, to exchanges and hopefully to self-custody.

Yeah, the most important thing is in holding before it surge. Glad I got a lump sum ln my wallet

Lol! Not sure why people are so bullish about an ETF but it doesn't bring any real value on the table. It's just a method of investment that mimics the price of an asset without buying or selling that asset. So I don't see any positive impact or liquidity inflow in the crypto market due to ETF approval.

The only positive thing here is that some more people might get intrigued about Bitcoin and start learning about it.

Like saying the people that wants to see the fall of bitcoin are the one bringing it to light. Now I'm eager to see how this goes at the same time looking at my chart

And with that, there is no major SEC decision that is forthcoming, for example the ARK 21Shares Bitcoin ETF Filing was pushed again by the SEC. So obviously, with this news, there are no impact whatsoever, we remain as what we have seen in the last 6 months or so, $28k-$30k at least.

So I guess we really need to wait for the decision itself. I mean the day whether they will approved or denied it. Not just saying that they are going to delay with their decision. It's either a Yes or a No to see the impact on the price.

Most probably, the price won't have much impact since is now an anticipation and the implementation won't really move people that much.

I can't believe this got me accumulating btc just in case. Lol, but it is worth though. Maybe next time, I would use sniper strategy to get the work done

[Zee27]

ETF is not of much value to Bitcoin and will not affect the real price materially because the supply or demand for the actual amounts of Bitcoin will not change. But in my view, the moral victory over the SEC is the most positive thing about this approval.

After the SEC rejected the requests of BlackRock and other companies, it returned and obtained approval, and this also comes after Ripple’s victory over the SEC in its famous case, so all of these reasons will have a significant moral and positive impact on the market.

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

[AmoreJaz]

ETF is not of much value to Bitcoin and will not affect the real price materially because the supply or demand for the actual amounts of Bitcoin will not change. But in my view, the moral victory over the SEC is the most positive thing about this approval.

After the SEC rejected the requests of BlackRock and other companies, it returned and obtained approval, and this also comes after Ripple’s victory over the SEC in its famous case, so all of these reasons will have a significant moral and positive impact on the market.

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.

[justdimin]

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.

I agree that getting a loan would be one of the worst ideas ever, you should not get a loan to invest and in most cases that's not even allowed neither, you shouldn't do that. I agree that it is going to take a while for people to realize what we are doing, but as long as you believe that will happen then you are going to end up with a good profit for sure. Just use your own money and the next year will be going up, ETF or not, doesn't matter.

With halving coming up, ETF will not matter and the price of bitcoin will go up without a doubt. I get that some people are not looking at this as important deal, but if you are certain what's going to happen then we are going to end up with a good return one way or another for sure.

[OgNasty]

In that case we shouldn't get over excited and expectant of a significant price increase on Bitcoin. That's quite sad. I'm just gonna subscribe to BTC flexible savings in the meantime.

it may have short impact but don't expect a high surge of price. how the media market it as a very positive development in crypto world, then, we may see a slight increase. but don't hope that it will increase a huge one that you will spend a lot or even loaned money to invest on this top currency.
as we have seen, with ETF or not, bitcoin can sustain its market. so we can't predict to what extent will SEC can influence this market about their decisions.

I agree that getting a loan would be one of the worst ideas ever, you should not get a loan to invest and in most cases that's not even allowed neither, you shouldn't do that. I agree that it is going to take a while for people to realize what we are doing, but as long as you believe that will happen then you are going to end up with a good profit for sure. Just use your own money and the next year will be going up, ETF or not, doesn't matter.

With halving coming up, ETF will not matter and the price of bitcoin will go up without a doubt. I get that some people are not looking at this as important deal, but if you are certain what's going to happen then we are going to end up with a good return one way or another for sure.

Getting a loan for a speculative investment is indeed a horrible idea. I can speak from experience as I once took out a loan in BTC and went terribly. I also think that almost everyone is saying that the ETF will propel Bitcoin to new heights, but before doing crazy financial things it is best to remember that markets are great at inflicting maximum pain and it feels to me like that will best be accomplished with a crash between now and the halving.