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

[lixer]

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.

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur. There is no real rejection yet that happened, so we can't tell if the price won't really dump. There are other reasons on why a price can skyrocket but definitely the approval of ETF can contribute to that. Not all talks about it are positive, like for example this thread here. It talks about the postponement of the approval of the ETF. You don't look like you are badly affected with it. That's good, and that should be the mindset that we must have, as sometimes they are like a FUD.

[mirakal]

Regardless on SEC delaying its approval, it will still not stop bitcoin from reaching its all time high. Well, bitcoin price may drop for some time but this is not new to us, since it will certainly recover after a couple of days and then continue to create a significant price increase until it reaches another peak. What we should worry is when bitcoin halving will be delay, because for sure its bull run as well will be compromised.

However, with or without SEC approval, bitcoin price will follow a certain price pattern and that is to create a new all time high no matter what. So I guess this issue does not really worry those bitcoin investors, as they have seen how bitcoin price has plummeted and surge high again once the market turns into a good position.

[Rabata]

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?

Bitcoin ETF approval can be within January 7th to10th  but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

[Natalim]

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?

Bitcoin ETF approval can be within January 7th to10th  but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

Until now, there has been no clear announcement or declaration about it, probably it could be moved again (and again). Honestly, I was not hoping for it to get approval. In fact, I don't see it as a reason to help improve the price and stability of the market, I'm even more excited about the halving than this. 

Does it fall? I don't think about it because the SEC is not a tool to drive the price of Bitcoin increases and it doesn't matter if we never get approval as the growth of crypto will continue. Just look on the market, it pumps right? and that will simply tell us that even without SEC approval, the bull season is still to come, not fall.

[goldkingcoiner]

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?

Stop worrying about news events. They are a fleeting phenomenon.

I do not know what any short-term FUD or FOMO news does to the price (nobody does), but I have noticed a lot of people currently complaining about losing out from "selling the news". I mean seriously, when did this garbage become the standard? What happened to HODL?

People who Hodl do not have to worry about the ups and downs, in fact, they should only care about the long term up.  

Every bad piece of advice that new coiners follow will leave them missing out and even making losses. Then they start hating on Bitcoin because they could not resist the temptation to take said advice.

[Synchronice]

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur.

Market says otherwise. People bet that SEC will approve Spot ETF, Bitcoin even surpassed 45K USD.

Bitcoin ETF approval can be within January 7th to10th  but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

[Yaunfitda]

Postponement is still a negative thing. How many times they did it? For sure, many of us are now losing their hope if a real approvement is actually going to occur.

Market says otherwise. People bet that SEC will approve Spot ETF, Bitcoin even surpassed 45K USD.

Bitcoin ETF approval can be within January 7th to10th  but not guaranteed. The positive movement of the market has come so fast mainly due to the provable ETF approval. The Halving event is still a long way. If the market was bullish for Halving then the market would not have grown so fast. The main reason Bitcoin price is currently capped is the pending approval of Bitcoin ETF. As long as we don't get anything positive, we may not see the upside of Bitcoin. If the SEC don't approve ETF, the price of Bitcoin is likely to fall further.

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

[sana54210]

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

I do not think that they would really fear postponing it, I feel like they feel absolutely no pressure at all and they could just postpone it again just for the lols if they really wanted to to be fair, but they could also postpone it for real reasons as well. Last time it was actually not that bad of a reason, they really wanted a detail about how to secure it if I am not wrong, there was something about securing it that wasn't filled enough and that's why they sent it back and requested more details on it.

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

[_BlackStar]

-snip-

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

Yes - the decision is up to the SEC and they could change their stance in no time. So far most users really hope the SEC approves a spot bitcoin ETF this year - they will be very disappointed if the SEC ultimately rejects it and takes time to delay it. Anything is still possible even though many of us are confident the SEC will approve it - but until that's true, it's best to just wait.

[carlfebz2]

People bet that it will get approved because BlackRock is interested in it. I think that no one cares about halving anymore and it will have zero effect on Bitcoin's price because ETF approval is the major event that will attract billions of dollars into Bitcoin and price will increase so much that it will be enough for miners to get higher than expected reward in BTC converted to USD. So, we move from one hype (halving) to another (ETF).
If the SEC doesn't approve ETF, we will probably go down to 20K range.

I do agree, all the pressures are now on the side of SEC to approved as the entities involved here are huge. So they better be doing their job as they can't no longer postponed this Spot ETF approval as all eyes are on them.

And probably this is the reason why the price suddenly goes to $45k, as the majority is betting big that SEC will approved it this month.

So just imagine the impact it will be if we will hear that positive news before the bitcoin block halving. For sure we might be almost close to our previous all time high before the actual date of the halving itself.

I do not think that they would really fear postponing it, I feel like they feel absolutely no pressure at all and they could just postpone it again just for the lols if they really wanted to to be fair, but they could also postpone it for real reasons as well. Last time it was actually not that bad of a reason, they really wanted a detail about how to secure it if I am not wrong, there was something about securing it that wasn't filled enough and that's why they sent it back and requested more details on it.

I think if there was enough information regarding that subject, then they are not going to really have any trouble at all. I know that it is going to be hard for people to hear another postpone, but that is still a very valid possibility.

Doesnt matter whether they would be postponing it out or would really be that approving it but we do have already those rumor about having that multiple approvals for this month or
specifically on Friday.
‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday
https://cointelegraph.com/news/rumor-mill-heats-hopes-spot-bitcoin-etf-approval-tomorrow
or simply this day but it seems there's no news about it.

Somewhat 24 hours hasnt out yet, we might be seeing some last minute announcement but well, just like been said that it doesnt matter much i should say.
Significant effects could be felt out directly on what the decision they would be making. If there would be some delays or rejection then there would be a correction
and if there's that approval then for sure it would really be making out such rise. Somehow it wont be a guarantee because sentiments
like these wont really be that guaranteeing that the price will really be having those movements but lets see on upcoming hours.