What do you think About the Shifting of Bitcoin ETF Approval

[Best-mary]

You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath. I've been talking to some folks, and opinions are all over the place. Some are like, "This delay is killing the momentum. We need that ETF to surge the market!" Others are more cautious, saying, "Maybe it's good to take time and get things right. Quality over speed, right?"

And let's not forget the impact of the first US BTC futures-based ETF listing on NYSE back in 2021. That thing kicked off a bull run like nobody's business. People are wondering if history might repeat itself. Could we see another surge if the SEC finally approves this one too? It's like waiting for a sequel to unfold, with fingers crossed.

This a mix of excitement and anxiety. People are speculating about how the price might react. Some think the uncertainty will lead to a temporary dip, while others believe it's just a bump in the road, and the long-term trend will keep moving up.

Personally, I'm all about hoping for that approval. I mean, it's not just about the price for me; it's about the wider impact. If the SEC gives the green light, it's like a signal to the whole world that we're moving forward.

[www.Gambler.Casino]

I think that ETF was deliberately postponed to make it closer to halving. In the meantime, there is a high probability of a dump. In August, crypto whale wallets transfer several billion dollars to BTC

[thecodebear]

As I've said on here a bunch of times ever since people got pointlessly excited over Blackrock: no ETF is gonna be approved.


Not surprising if SEC is delaying decisions, they've done that many times before with bitcoin applications. They typically just delay Bitcoin ETF decisions and then when they can't delay any longer they reject them. Gonna be the same thing for all the current ETF applications. As long as Gensler is head of the SEC there will be no Bitcoin ETFs getting approved, which means we've got minimum 3 years before a BTC ETF unless Gensler somehow gets removed from his office.

[bittraffic]

It got people excited about it since it's BlackRock. The delay is disappointing while they are already buying.
Now that they delay the decision to be on 2024, I guess they figure it's too early to decide this year and it doesn't coincide with the 4-year cycle of bull run. SEC must have planned all these as well so we are right on time still.

BTC Futures Market approval on coinbase however was approved but it plunged the market down. This is how it affects the market when it's related to the Futures market compared to Spot ETF.

[Aanuoluwatofunmi]

You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath.

Why is it crazy when the bitcoin network is independent of any of its decision made, those that should be so concerned are the potential investors ready to make investment on bonds pegged on bitcoin market price, people have been talking much about this than anticipated for, maybe because the the influence BlackRock already had couples together with it reputation in the business economy which make no impact on bitcoin network.

[crwth]

I'm thinking of it this way. It's somehow the part where we couldn't understand why they were doing it and making it possible to accumulate more BTC for the people who believe it can increase in price. For sure we cannot know the real reason but at least we can do something about what we are going to do about it.

More and more time would be great for us if we really want to accumulate more. It's best to maximize the profit opportunity if it launches.

[Crypto Vira]

I don't think there will be ETF deferral in Bitcoin. The first week of September is of great importance for BTC. Today, they are trying to push the price down until the ETF approval by market makers where the price drops to $27,700. This is to scare investors.

For detailed information about ETF: https://bitcointalk.org/index.php?topic=5463260.0

[Faisal2202]

You pointed a great historical event although i was not aware of that even but after reading an article on the past ETF approval my confidence of ETFs making good impact has surged up from 100% to 110%. Market is bleeding right now. Do not know exactly what is happening wrong here but i think this is just temporary or i should say the news like PayPal which avoid the direct buying and selling through BTC and USDT is no longer be available on 3 different blockchain but i am not seeing any direct relation of this on BTC but finger are crossed.

Even according to one news 1005 BTC are just transferred from one place to another which also a alert because they are active after 13 long years. Well, all i can say for now is, i am also in the favor of the acceptance of these approvals because that's the only way the price will get a huge boost because interest rates are not going to help any near soon.

[Z-tight]

You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath.

I am not holding my breath, i don't think there's a reason to be worried about the sec approving BTC spot etf or not, it does not directly affect BTC in itself. As for the price of BTC, it is going to rise even if this proposal wasn't made in the first place, there is good enough demand for BTC from people who want to buy from other sources rather than through exchange traded funds.

I think that ETF was deliberately postponed to make it closer to halving.

I don't agree with that, the process of the sec either approving or rejecting the BTC spot etf proposal is not tied to the halving.

[Dave1]

And let's not forget the impact of the first US BTC futures-based ETF listing on NYSE back in 2021. That thing kicked off a bull run like nobody's business. People are wondering if history might repeat itself. Could we see another surge if the SEC finally approves this one too? It's like waiting for a sequel to unfold, with fingers crossed.

Of course, it will have a positive impact on the bitcoin price for sure. But we can't do anything about it for now, we should wait if SEC will approved it near halving or after halving, then it might be good to wait.

Personally, I'm all about hoping for that approval. I mean, it's not just about the price for me; it's about the wider impact. If the SEC gives the green light, it's like a signal to the whole world that we're moving forward.

Although if you think about it, we have been moving forward without the green light from SEC. So we can just think that with or without it, bitcoin can march towards the future and make new all time high next year as always will be, every 4 years.

[SamReomo]

It isn't crazy because SEC will always try to postpone anything that may impact the value of crypto-currencies especially Bitcoin in a positive way. The ETF is based of Bitcoin and the thing is confirm that as soon the ETF gets approved the price of Bitcoin will see a surge without any doubt. I think SEC is delaying the ETF only make weak heart people to sell off their Bitcoin because in fear of no price increase such investors will get rid of their holdings.

I'm more than sure that SEC is delaying the ETF for upcoming bull run because they know that approval of such ETF would increase the confidence of investors on Bitcoin and as a result Bitcoin may get higher in price. I'm very sure that the bull run is going to start from the 2nd quarter of 2024 and that's the best time for approval of such ETF's. I'm quite sure that as soon as the ETF gets approved the price of Bitcoin will get a huge surge, and people at that time would think that why they haven't invested in Bitcoin when it's price was still under $30k.

[serjent05]

I think that ETF was deliberately postponed to make it closer to halving. In the meantime, there is a high probability of a dump. In August, crypto whale wallets transfer several billion dollars to BTC

Dump already happens hopefully the price of BTC will recover soon.  About the shifting of Bitcoin ETF approval closer to halving, it will bring huge effect if they are all positive news.  This will make the Bitcoin halving exponentially affect the market.  A catalyst and the hype of ETF approval, I think this will boost the popularity of Bitcoin and may give a sudden surge in the Bitcoin market. 

Although this kind of speculation is great, we never know the actual decision of the SEC with regard to the ETF approval, let us hope that the result is positive.

[Best-mary]

I think that ETF was deliberately postponed to make it closer to halving. In the meantime, there is a high probability of a dump. In August, crypto whale wallets transfer several billion dollars to BTC

Dump already happens hopefully the price of BTC will recover soon.  About the shifting of Bitcoin ETF approval closer to halving, it will bring huge effect if they are all positive news.  This will make the Bitcoin halving exponentially affect the market.  A catalyst and the hype of ETF approval, I think this will boost the popularity of Bitcoin and may give a sudden surge in the Bitcoin market. 

Although this kind of speculation is great, we never know the actual decision of the SEC with regard to the ETF approval, let us hope that the result is positive.

Absolutely, the unpredictability of this space is both its allure and a letdown. The allure lies in unexpected events making significant waves, while the letdown is the missed opportunities or losses. I'm geared up for any outcome since my Dual Investment strategy on BTC is firmly in place.

[GreatArkansas]

I read some posts on social media, especially on Twitter that they are telling that they will just start buying Bitcoin after announcing ETF approval, these posts are only posted a few hours ago, when we just experienced a dump to $26,000.

So for me, ETF approval for Bitcoin is huge and it will give a huge effect especially on the price but right now, no one knows if it will be approved, the Bitcoin market is still new. Maybe right now, we already have a huge change to get it approved because they taking more time to decide it.

[Compromise me]

If the SEC approves the ETF.So bitcoin will become legal asset.If this happens, it will be very big news and a very big bull run in the price of Bitcoin.You all know the value of bitcoin is already high and if it becomes Bitcoin approved legal asset.So all the investors who invest in the stock market or properties So all of them will start investing in blockchain bitcoin.so this will see a huge bull run in Bitcoin.

[Fiatless]

I am not too comfortable with Spot Bitcoin ETF. I know it will attract a lot of investment to the sector but why can't people buy or mine bitcoin to own it? Bitcoin was created to eliminate middlemen but spot Bitcoin ETF is institutionalizing intermediaries. I also think that Bitcoin price should grow naturally and not by this Bitcoin ETF hype. Postponing the approval is a welcomed news because the rush for approval was too much and one will begin to think that these forms have ulterior motives. With or without Bitcoin ETF Approval Bitcoin will still be profitable.

[cryptomaniac_xxx]

I read some posts on social media, especially on Twitter that they are telling that they will just start buying Bitcoin after announcing ETF approval, these posts are only posted a few hours ago, when we just experienced a dump to $26,000.

So for me, ETF approval for Bitcoin is huge and it will give a huge effect especially on the price but right now, no one knows if it will be approved, the Bitcoin market is still new. Maybe right now, we already have a huge change to get it approved because they taking more time to decide it.

Maybe that's what they are afraid of, the price is going up and SEC doesn't like people putting their money on BTC right now hence they doesn't want to approved it. And if we look at the history of ETF application, all of them have been rejected, so not sure if in the future they are going to give it a green light and it looks like there are political motives behind for not approving it, in my opinion.

[Captain Corporate]

I have never believed that it mattered. ETF is not something that will suddenly make it bigger. However, to be fair to them 2024 is when we have our halving, and 2025 will be the new ATH probably (based on history but there is no guarantee), so I assume that if they wait another year or two and then accept it, and if its Blackrock, one of the biggest companies in the world, then I am guessing that its going to be pretty great to have it be approved right at the bull period time. It will be something special, the price will go up a lot at first, but then it will also go up a lot more with this news, everything is a FOMO material during the bull market so this will be a great timing.

[Who is John Galt?]

Personally, I'm all about hoping for that approval. I mean, it's not just about the price for me; it's about the wider impact. If the SEC gives the green light, it's like a signal to the whole world that we're moving forward.

Forward where? To further increase the role of centralized corporations in the circulation of bitcoins? Large funds that will accumulate huge amounts of bitcoins in their accounts by offering their clients ersatz bitcoins, which are essentially little different from fiat? The fewer bitcoins left in free circulation, the easier it will be for centralized corporations and governments to impose rules that everyone else can only use ersatz bitcoins in the accounts of these centralized corporations, and then bitcoin will no longer be the same as Nakamoto dreamed of.

Yes, bitcoin is open to everyone, including these corporations, and there's not much we can do about it. But I will not be happy that these corporations will control an increasing share of the emission of real bitcoin.

[Eternad]

You know, it's crazy how the SEC postponing the BTC ETF decision until 2024 is making everyone hold their breath. I've been talking to some folks, and opinions are all over the place. Some are like, "This delay is killing the momentum. We need that ETF to surge the market!" Others are more cautious, saying, "Maybe it's good to take time and get things right. Quality over speed, right?"

Those people saying this statement is probably new on crypto space. Most likely they just enter during the recent bullrun that’s why they don’t have any idea how SEC can delay for longer period an ETF approval.

Those Future ETF took a lot of time and received multiple delays and rejection from the SEC before it was approved while Spot ETF is much more sensitive topic because user is dealing with the real price of Bitcoin. Don’t focus too much on ETF because it’s a long process as SEC is not easy to give approval on ETF.