What will SEC delay on Spot ETF approval do to Bitcoin's price?

[bbc.reporter]

@Smack That Ace. Agreed that there was a decline, however, how much was this decline? It was not enough to bring back the cryptospace to another bear market. The pump the next day on bitcoin made i appears that there was no decline heeheheh.

However, what might be concerning is if the American government can force CZ to step down and face criminal charges, it can also do it against many more exchanges. Kraken is presently being targeted by the SEC.

[Dave1]

@Smack That Ace. Agreed that there was a decline, however, how much was this decline? It was not enough to bring back the cryptospace to another bear market. The pump the next day on bitcoin made i appears that there was no decline heeheheh.

However, what might be concerning is if the American government can force CZ to step down and face criminal charges, it can also do it against many more exchanges. Kraken is presently being targeted be the SEC.

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

[YUriy1991]

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

[fzkto]

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

I don't know how this new etf will be able to attract new users or investors. Nowadays adverts for exchanges or crypto casinos can be seen from buses to top football clubs. So no one has a problem to buy bitcoin. It seems to me that the number of users will not increase and it may happen that big capitals will not come to crypto after the adoption of etf.

[naira]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Based on my perspective on the SEC and this ETF delay there are 3 conclusions that can be drawn.
Firstly, if it fails, it means that market sentiment towards Bitcoin will decline, resulting in the price falling, even though it is halving, the hype will not be as high as when the ETF was approved.

Second, if the Bitcoin ETF is successfully approved, of course 2 big forces will make it possible for Bitcoin to experience a high spike even before the Halving. In other words, there are 2 phases which are definitely an opportunity for holders to pay attention to these 2 moments.

Third, the SEC deliberately postponed it even though the ETF proposal was close to being hammered and wanted to damage market sentiment into uncertainty, aka floating between buyers' concerns about entering or waiting longer to determine which direction Bitcoin would move.

From the 3 points above, I personally remain on the initial path whether there is an ETF approval or not, the target towards the Halving is the point that we are waiting for. At least reflect on the previous Halving movement where ATH will be touched even if it is only a few percent difference.

[bounceback]

From the 3 points above, I personally remain on the initial path whether there is an ETF approval or not, the target towards the Halving is the point that we are waiting for. At least reflect on the previous Halving movement where ATH will be touched even if it is only a few percent difference.

Likely in few days later we will see the result or announcement with bitcoin ETF approving or denied by SEC Commission, based on your points likely not matter if bad possibility Bitcoin ETF denied because few months close halving time and bitcoin keep on the higher price. Hope in short time has result about bitcoin ETH approve or not to get bitcoin potential will raise more higher price if approve or little correction if get denied and moment for us buy back prepare for bitcoin halving time.
In short time we can get bitcoin touch new ATH if get approval but not pessimistic with bitcoin can't make new ATH if denied of ETF approval due investors have been smart and not take care what the result approve or denie?

[fzkto]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Based on my perspective on the SEC and this ETF delay there are 3 conclusions that can be drawn.
Firstly, if it fails, it means that market sentiment towards Bitcoin will decline, resulting in the price falling, even though it is halving, the hype will not be as high as when the ETF was approved.

Second, if the Bitcoin ETF is successfully approved, of course 2 big forces will make it possible for Bitcoin to experience a high spike even before the Halving. In other words, there are 2 phases which are definitely an opportunity for holders to pay attention to these 2 moments.

Third, the SEC deliberately postponed it even though the ETF proposal was close to being hammered and wanted to damage market sentiment into uncertainty, aka floating between buyers' concerns about entering or waiting longer to determine which direction Bitcoin would move.

From the 3 points above, I personally remain on the initial path whether there is an ETF approval or not, the target towards the Halving is the point that we are waiting for. At least reflect on the previous Halving movement where ATH will be touched even if it is only a few percent difference.

It may happen that etf will be accepted, but the price will go down, because the current situation in the cryptocurrency market is a big manipulation. It is profitable for someone to keep the price high now, but later there will be an opportunity to buy cheaper, for example before halving.

[Franctoshi]

People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

People are taking their positions in the market because of two events, One is the category of investors that aimed at profiting from Bitcoin ETF should it get approved, whereas the other set of investors are those that invested because of Bitcoin Halving that will take place come 2024, in case Bitcoin spot ETF did not get approved by the SEC at the end of the day, I kind of think that the set of investors that probably may think of to sell their Bitcoin are those that invested because of the Bitcoin Spot ETF, and the impact will not be felt much because it will be immediately get absorbed by the second event, Halving.

[OgNasty]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Based on my perspective on the SEC and this ETF delay there are 3 conclusions that can be drawn.
Firstly, if it fails, it means that market sentiment towards Bitcoin will decline, resulting in the price falling, even though it is halving, the hype will not be as high as when the ETF was approved.

Second, if the Bitcoin ETF is successfully approved, of course 2 big forces will make it possible for Bitcoin to experience a high spike even before the Halving. In other words, there are 2 phases which are definitely an opportunity for holders to pay attention to these 2 moments.

Third, the SEC deliberately postponed it even though the ETF proposal was close to being hammered and wanted to damage market sentiment into uncertainty, aka floating between buyers' concerns about entering or waiting longer to determine which direction Bitcoin would move.

From the 3 points above, I personally remain on the initial path whether there is an ETF approval or not, the target towards the Halving is the point that we are waiting for. At least reflect on the previous Halving movement where ATH will be touched even if it is only a few percent difference.

It may happen that etf will be accepted, but the price will go down, because the current situation in the cryptocurrency market is a big manipulation. It is profitable for someone to keep the price high now, but later there will be an opportunity to buy cheaper, for example before halving.

It wouldn’t be a surprise to see the price immediately fall after the decision as people take profits. Longer term though this will most definitely have a positive effect on Bitcoin’s price. If there is enough big money waiting on the sidelines we may even see a price spike when a decision is announced. Well have to wait another few weeks to see.

[benalexis12]

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

This upcoming January 10th is another main event that will definitely raise the market again, whether the SEC delays the bitcoin spot ETF or not. Whether the rise will continue or not?

Questions that most people in the crypto space are looking forward to. And in the event of the delaying tactics that they often use, for sure there can be a breakout of the market to have a liquidation in a few weeks, which will be a movement in its market price value and then another cycle of the position in terms of price in the market.

[LogitechMouse]

Many online news already said that the SEC is expected to decide on whether a Spot Bitcoin ETF will get accepted or will get rejected. Either or, that decision will have a huge impact on the market... or just only a few. The impact will either be a positive or a negative one. It will depend.

If it is a positive one then we might see Bitcoin's price go up even more, and with Bitcoin halving in a few months, I guess the sentiments of the market will be bullish thus, people will go and accumulate Bitcoin pushing its price even higher. On the other hand, the SEC rejecting the Spot Bitcoin ETF will affect the price, and it will for sure push the price down. How low it will be? I don't know, but maybe a 5% decline for a day Bitcoin would be too low for me, and I will not be surprised if we see the market going down by double-digit percentage in a single day again, but the effect will be temporary, and at the end of the day, it will go up again.

Let's just wait for the decision of the SEC next month. I just hope that we are all ready for whatever will happen. We will enter the year with either happiness or sadness.

[goaldigger]

People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

People are taking their positions in the market because of two events, One is the category of investors that aimed at profiting from Bitcoin ETF should it get approved, whereas the other set of investors are those that invested because of Bitcoin Halving that will take place come 2024, in case Bitcoin spot ETF did not get approved by the SEC at the end of the day, I kind of think that the set of investors that probably may think of to sell their Bitcoin are those that invested because of the Bitcoin Spot ETF, and the impact will not be felt much because it will be immediately get absorbed by the second event, Halving.

There will be drama for sure if SEC didn't approve the ETF, but sure enough that Bitcoin can survive that panic as we are still heading into a halving which for me is the main event for next year. Many are already taking their big decision when it comes to investing with Bitcoin today and it's not too late yet to analyze and know when to buy because the price is still cheap. SEC approval of ETF will always take time and this is how the government works, they need more time to manipulate things.

[bbc.reporter]

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

This upcoming January 10th is another main event that will definitely raise the market again, whether the SEC delays the bitcoin spot ETF or not. Whether the rise will continue or not?

Questions that most people in the crypto space are looking forward to. And in the event of the delaying tactics that they often use, for sure there can be a breakout of the market to have a liquidation in a few weeks, which will be a movement in its market price value and then another cycle of the position in terms of price in the market.

We might have missed the next scheduled date for approval. Ark Invest is on January 10. Blackrock is on January 15. However, Hashdex and Franklin have their scheduled date on January 1. Was the dump that we have already witnessed the dump in anticipation for another postponement from uncle Gary?

[kentrolla]

Yes, regardless of the outcome we should be prepared for our next move but the more it's delayed it would be actually better for Bitcoin as we won't see mass selling and moreover the new about delay has not had any impact on price of Bitcoin and I think there would only be two outcome. 1) Dump in price : We need to use this period to accumulate more Bitcoins to sell at peak, 2) Pump in price: Ensure we don't invest during peak and make use of Bitcoin we are hodling.

My perspective has changed looking at the current market trend and I think this will not have any major impact now.

[jeraldskie11]

I am not sure if all of us are aware of not as SEC has delayed their decisions on Spot ETF application but they were supposed to take the decision by now and will this delay cause any set back in price ? People were speculating that there would be a price drop before halving and that didn't happened due to ETF as it helped increasing the value and since it's been delayed now will it cause any impact for the Bitcoin price? if yes then how much would it be and will it be that way till halving?

Someone, I believe, is behind the SEC's decision. And I'm sure most of us are aware of it. This kind of stuff is no longer new to us, they mostly make an update when the price is in the consolidation state, they use it to dictate the price where it should go. Probably the price will stay in this weekly supply zone which is around $44k to $48k, and when the SEC's decision is positive, there will be huge pump of the price and would break the $48k price, and might continue send the price higher. That time, the retracement we expect at $31k is no longer possible to happen because the sellers are no longer willing to sell.

[EarnOnVictor]

And we can say by now that there is no effect on CZ related news? On the contrary we almost hit $45k if I'm not mistaken in the last leg up that we had this year. Prices though decline and we are now at the $42k'ish.

But we can say that investors are now intelligent to not get affected by this kind of news.

On the contrary, we could think ahead that a approval might be imminent at the start of the year?

Now many investors are smart and describe this incident as just an illustration of regulatory enforcement efforts that can increase public interest in crypto assets and nothing more. If I read and read in several mainstream media, many are reporting the schedule for the Bitcoin ETF application on January 10 2024. However, in my view, if all the processes run smoothly, then the Bitcoin ETF could soon be launched on the United States stock exchange and later the Bitcoin ETF will be an indicator. major integration of Bitcoin into mainstream financial structures.

Bitcoin is already in the mainstream of the financial market, look around you and tell me how many assets are being traded like Bitcoin. Is it individuals, corporates, groups, associates or name it, they are involved in Bitcoin one way or another, and you hardly see a broker not listing Bitcoin, not to talk of the worth of Bitcoin's daily trading volume. You will hardly see any asset so popular and appreciated like that, not to mention people dealing with them like Bitcoin. The ETF is just for companies to start handling Bitcoin's asset management for people, nothing special in that, it is people who take it that far. And you know what people lay so much importance upon will always have impacts on the market, that is why we see Bitcoin moving so much higher during the ETC headlines this year. Let's see how it goes, but the approval will be so good as it will fulfil the hope of people, nevertheless, the rejection will be so devastating as it will disappoint the hope of people.

[lionheart78]

Yes, regardless of the outcome we should be prepared for our next move but the more it's delayed it would be actually better for Bitcoin as we won't see mass selling and moreover the new about delay has not had any impact on price of Bitcoin and I think there would only be two outcome. 1) Dump in price : We need to use this period to accumulate more Bitcoins to sell at peak, 2) Pump in price: Ensure we don't invest during peak and make use of Bitcoin we are hodling.

My perspective has changed looking at the current market trend and I think this will not have any major impact now.

I do not think the spot ETF approval/rejection won't trigger mass selling.  Since you already stated that ETF delay has no impact on the price of BTC, what would be the impact of rejecting spot ETF making holders mass sell? Dince there had been no changes if SEC rejected Spot ETF.  On the contrary, if Spot ETF is approved, there might be a huge boost to the Bitcoin market.  We might see the price balloon to some extent.

About the delaying tactics of SEC, I don't think it is that effective anymore since there have been many delays the people are used to it. So I believe that the price will not react crazy if Spot ETF approval is delayed again.

[justdimin]

I do not think the spot ETF approval/rejection won't trigger mass selling.  Since you already stated that ETF delay has no impact on the price of BTC, what would be the impact of rejecting spot ETF making holders mass sell? Dince there had been no changes if SEC rejected Spot ETF.  On the contrary, if Spot ETF is approved, there might be a huge boost to the Bitcoin market.  We might see the price balloon to some extent.

About the delaying tactics of SEC, I don't think it is that effective anymore since there have been many delays the people are used to it. So I believe that the price will not react crazy if Spot ETF approval is delayed again.

This is the good thing about ETF, when there is a "rejection" which usually is not a rejection but just postpone it to another date and ask for more details, but even at rejection, the price doesn't drop that much and people do not care about it all that much.

However, when it is approval, one day, then it will go up a lot and I mean it will literally skyrocket to moon. This is why I like the talks about it, it looks like it could be something quite good and we should be definitely happy about it one way or another. I think it's clear that we are going to end up with approved one eventually, it may not be that quick, but we will definitely have it eventually and that is going to be a great period without a doubt, we should be proud of that.

[8rch7]

This is the good thing about ETF, when there is a "rejection" which usually is not a rejection but just postpone it to another date and ask for more details, but even at rejection, the price doesn't drop that much and people do not care about it all that much.

However, when it is approval, one day, then it will go up a lot and I mean it will literally skyrocket to moon. This is why I like the talks about it, it looks like it could be something quite good and we should be definitely happy about it one way or another. I think it's clear that we are going to end up with approved one eventually, it may not be that quick, but we will definitely have it eventually and that is going to be a great period without a doubt, we should be proud of that.

Postpone or delay on spot ETF approval have fatal mistake with bitcoin difficult raise to higher price and keep stable on lower price, better have official announcement with ETF approval or reject will make bitcoin get little correction if reject before going to the higher price. I think have drama its not about ETF get approval or not but some community try to give more delay and get benefit with bitcoin keep in lower price.
Actually not much problem if ETF reject with bitcoin and get little correction only due the investor have ready for next halving time left few months later and ETF with decision postpone or delay will give opportunity with bitcoin stuck and difficult raise to higher price or keep going down.

[bbc.reporter]

This contrarian prediction by Cryptoquant is causing the contrarian me to become the skeptical me and it is causing me to speculate that bitcoin will not dump below $40k hehehehe.

Happy new year! Uncle Gary might postpone again until March and this might have no negative effect on the market.



Bitcoin (BTC) is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.

In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at a level that historically precedes a correction.

Source https://www.coindesk.com/markets/2023/12/28/bitcoin-etf-approval-tipped-to-be-sell-the-news-event-cryptoquant/