What if Bitcoin ETF is not Approved

[suzanne5223]

What if Bitcoin ETF is not Approved

Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in.

The milestone for investors to come into the crypto market happened long ago and that's the reason why the whales play their market manipulation game with altcoin/meme coin while they hold their BTC bag.
If the milestone hasn't happened we won't see the country that legalized BTC as a legal tender. The spot ETF will lead to a billion inflow in the BTC market but it will also lead to an increase in restriction, KYC, and more because the leading investment company in the world (BlackRock, Fidelity, and others) will want to be the market major player. An example is the reason why they are after the CEX chairman who could be a threat.

Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.

Nah. One true major factor remains the Bitcoin block halving. Never forget that is always the effect behind the ATH price not the spot ETF that started overnight.

When we plan we plan for possible eventuality and please do not consider this negative bias. Wisdom Tree, BlackRock etc. has meet the criterial as said and are waiting for a positive signal. Should we bank on it. The question is still pondering in my mind if it doesn't go as suggested or the approval is denied what then happens?

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

Bank on yourself, not BlackRock spot ETF which will treat BTC like a fungible token. If the spot ETF is not approved it won't stop BTC from reaching another ATH price next year because Satoshi has designed the block halving as a means to control inflation in the BTC market.

[_BlackStar]

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

The market can turn bearish in a short time before things return to normal. ETFs could certainly have a big impact on rising bitcoin prices in 2024 and beyond - but having ETFs as the sole reason is also never true. Please remember - the halving will also happen in 2024 - so positive sentiment can be expected from it instead of just from bitcoin ETF.

A game of patience? It's possible - but believe me, bitcoin is one of the most sought after investment assets in 2024 whether or not the SEC approves of ETFs. I'm optimistic the ATH will be hit after the halving - even if the SEC rejects a bitcoin spot ETF.

[AmoreJaz]

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

The market can turn bearish in a short time before things return to normal. ETFs could certainly have a big impact on rising bitcoin prices in 2024 and beyond - but having ETFs as the sole reason is also never true. Please remember - the halving will also happen in 2024 - so positive sentiment can be expected from it instead of just from bitcoin ETF.

A game of patience? It's possible - but believe me, bitcoin is one of the most sought after investment assets in 2024 whether or not the SEC approves of ETFs. I'm optimistic the ATH will be hit after the halving - even if the SEC rejects a bitcoin spot ETF.

do remember that even without bitcoin ETFs, this market has been gaining interest from the community and increasing its presence in the mainstream. so with or without approval, bitcoin will continue to expand its scope. we are not relying on ETF when we talk about adoption. it may increase or contribute with the adoption but it is not the ultimate answer to adoption.

the following events/media/venue/entities for me are other means of btc adoption -
> halving
> known personalities / stakeholders / financial institutions that are joining this market
> countries such as el salvador making btc as legal tender
> social media influencers
> social media platforms

this is why for me, btc ETF is just overrated. there are so many means of adoption in this market. it is not a loss of this market if they won't approve this ETF. that's my take on this situation.

[Japinat]

We still don't hold guarantees that bitcoin ETF will gain approval this time. It could be approved, or it could not. And the only possibility to happen if its not going to work this time is most probably we will see bitcoin price in a sudden decline. If ETF fake news approval has made an instant price surge, then most likely we will see the opposite when ETF approval gone wrong. However, this is just my personal point of view. No one actually knows what's going to happen if ever bitcoin ETF approval will not happen this time.

[Jegileman]

Since the talk about the Bitcoin spot ETF, it has made many people indecisive on the next plan to take on their investment strategy. The last time there was a news that bitcoin spot ETF was approved, we saw how bitcoin price rose indiscriminately. That alone has made a lot of people to be hesitant and see the outcome of SEC on the approval of the Bitcoin Spot ETF. I am also waiting to see the final verdict about it by January, so that one can know what to do next.

[DooMAD]

Institutional investors are overrated.  US-centric emphasis is overrated.  Wouldn't care in the slightest if the SEC rejected every single last one of them.

[Antotena]

What if Bitcoin ETF is not Approved

Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in. Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.

I don't know why people think Bitcoin is the only boosting chemical that will accelerate bitcoin price to where they want or should we say that's the back wall bitcoin price manipulators are hiding behind to do their dirty work and to say that we have Bitcoin spot ETFs in some countries already but US is now a fundamental they see as a growth for Bitcoin price to shoot up but my question is what will happen after the price reach another milestone? They will drag it down to push the price again.

I'm in support of anything that will make bitcoin use even in the Whitehouse but the way we have been saying ETF this and that is becoming annoying as if that's the only thing bitcoin need. We should also try and stop selling to avoid price dump everytime.

When we plan we plan for possible eventuality and please do not consider this negative bias. Wisdom Tree, BlackRock etc. has meet the criterial as said and are waiting for a positive signal. Should we bank on it. The question is still pondering in my mind if it doesn't go as suggested or the approval is denied what then happens?

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

SEC has been in the game for long and I know how this game will played. Acceptance of these ETFs means bitcoin will pump and you think they will allow that to happen. If they are convince to accept these fillings, then they one day it will be accepted but not as everyone want it to be. Even January will bring nothing good but the incoming having might still hold the price.

[royalfestus]

It is indeed a game of patience. If Bitcoin ETFs are not approved, we may see a drop in price but for a long term investor that would present another opportunity to score more Bitcoins at lower price. So speculators may get disappointed, but for long term value investors, it is just another opportunity.

Bitcoin price is not going high just because of the positivity around ETF approval. There are multiple other things in play here. The next Bitcoin halving is around the corner. For me, it is more important than ETF approval and potential have more impact on Bitcoin price.

In my opinion, long term investors will not consider the ETF for their position. It doesn't matter what happens with the ETF, there will still be a bull market and everything will go as planned. The difference with ETF is the different momentum that will come from it. Consequently, holding bitcoin will reduce the risk factor in the long run until it reaches the level of some other SOVs in the asset class.

[nelson4lov]

If the Spot ETF is denied, I'm certain that we'd seen a shaep drop in the value of Bitcoin. This wouldn't be the first time an ETF is denied for Bitcoin but this might have more negative impact because Bitcoin enthusiasm is high this time around and everyone is expecting it to be approved only to get hit by that shocking turn out of event? Price dropping is almost certain but it wouldn't be for long because the macro trend is hyper bullish with or without the spot ETF. I mean, Bitcoin's last ATH was achieved without ETF.

Institutional investors are overrated.  US-centric emphasis is overrated.  Wouldn't care in the slightest if the SEC rejected every single last one of them.

I don't too but I'd be happy if it was approved. It would give me more conviction about being on the winning team and of course, my investing thesis prior to ETF.

[MinoRaiola]

What if Bitcoin ETF is not Approved

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

It can also happen when an ETF is authorized, sell the news will happen again and again. So your scenario is realistic, but also is my. I think an ETF will come, it is just a matter of time. I think 2024 will be a very interesting year for Bitcoin. The halving, ETF, the bullrun, a new all-time high and a big drop? But until the middle of January, the ETF news will come.

[serjent05]

What if Bitcoin ETF is not Approved

You seem to have forgotten that bitcoin never needed ETF to rise and it is not about to start now. The price has gone up 4 billion percent ever since the inception (from $0.001 to current $42k) and all that without ETF or any centralized crap like that.

Even if SEC were to reject ETF, it wouldn't have been the first time and nobody would care. The only thing that would have done was to scare some newbies to panic sell.

Same thought here but if it happens that Bitcoin Spot ETF is approved, it will supplement the boost given by the incoming Bitcoin halving which probably result in boosted Bitcoin price in the coming months, but regardless, I also think that there will be no changes on the price of BTC if ETF is not approved (if there is it would be minor and probably will be outweighed by the coming Bitcoin halving) because just as many of us believe, Bitcoin had been thriving without ETF so it does not bring any difference if the batch of ETF application is not approved.

If the Spot ETF is denied, I'm certain that we'd seen a shaep drop in the value of Bitcoin. This wouldn't be the first time an ETF is denied for Bitcoin but this might have more negative impact because Bitcoin enthusiasm is high this time around and everyone is expecting it to be approved only to get hit by that shocking turn out of event? Price dropping is almost certain but it wouldn't be for long because the macro trend is hyper bullish with or without the spot ETF. I mean, Bitcoin's last ATH was achieved without ETF.

Bitcoin value will only go down sharply if some group manipulates the market to artificially react to the news while spreading FUD using the rejection of ETF to create panic sell. 

[terrific]

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this.

Why is that? because of the money that came due to the pre-approval discussions and news? I don't think that it will fall because we've got some corrections already.

However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

I agree. But on 2026, it's said that based on the cycle, that will be the time that the bear market shall come. And with the next 2 years, with or without the etfs bitcoin will go through a bull run.

[Faisal2202]

Even if there comes an ETF approval we will see a fall in the price of BTC and that is inevitable until the authorities will not come up with some way. And that's because the victims of MT Gox exchange will receive their amounts and it is in billions of money and AFAIK the amount in BTC is around 2000 maybe. And all this amount when will is dumped into the market it will crash obviously because these long-term waiters are not going to hold it anymore.

But there is a way to solve this problem and that is if they dump this amount in parts or in some other equal amount of current like YEN as according to the latest news on Reddit. Well, stop at this point and I hope you got what I meant to say, by why a downfall is inevitable until governments will not come up with some way.

And if ETFs get rejected then BTC will fall and after that, it fall due to MT Gox and which means it will fall two times, but just TBH I don't think they will be rejected but still if they are then what it is what is, we don't have any other option. All we can do is remain safe with proper risk management.

[Ultegra134]

It won't be the end of the world; Bitcoin did fine without it for many years; it's not a requirement for it to function. We'd certainly see a price correction, but it will only be short-term, and recovery would most likely take a little longer than it did with other negative events, such as the FTX shutdown, but it'll eventually recover.

ETF approval is something that has been anticipated by investors for quite some time. It'd be positive for it to finally be approved; its price will certainly be boosted by quite a lot, but if it's not, for whatever reason, Bitcoin will do just fine.

[mirakal]

The whole crypto market will not mourn if bitcoin ETF will not get its approval. There are still next time for that and that won't stop bitcoin from reaching another peak price since the whole concept of bitcoin is actually focus on its value appreciation, and we can only achieve that through gradual price increase in the market. Although there will be some price correction that will surely occur when this ETF approval will not happen, but we all know that its not going to take forever but just for a short time. So I think patience is a lot needed when that happens.

After all, the main event by next year is not the bitcoin ETF approval but the bitcoin halving so we should not be totally carried away by negative emotions. Just think that if its not going to hit next year, then there might be some valid reasons for that, and I think better opportunities are coming for bitcoin and the crypto market.

[GreatArkansas]

((....)
I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

For me yes but overall Bitcoin is fine, the best example already happened before, remember when Bitcoin ETF was first introduced in the market it was really hype but after multiple times Bitcoin ETF was not approved, price reacted but Bitcoin is not going to zero, and it recovers also.
So for me, with or without Bitcoin ETF, Bitcoin will stay.

[Crypto Library]

Earlier, the discussion topic was Elon Musk's decision to invest or not and now the hot topic is about ETF approval. I would say it will have the same effect on Bitcoin as it has on Elon Musk investing or not investing. Actually I want to say that ETF approval is not that big matter for Bitcoin. So I want to say that nothing gonna happen if Bitcoin ETF doesn't get approval.
And if it does have an effect I think it will be for a short time.  And then Bitcoin will start moving again at its own pace. Moreover, I think that Bitcoin ETF approval is going to be received early in the new year, because of such news from multiple strong sources.

[GigaBit]

What if Bitcoin ETF is not Approved

Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in. Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.

In the cryptocurrency or trading world I think everyone should think a little differently. We all have ideas and are fully focused on bitcoin ETF. Many of us assumed that Bitcoin ETFs would be approved. But it may not be. And if not, then we should have an idea in advance about what situation the market may go. But the most positive thing here is that if Bitcoin ETF is not approved then we will get bitcoin halving event which will play a major role in creating a bullish movement in Bitcoin and if ETF is approved earlier then this movement will add more strength. There are many investors who are waiting for the approval of Bitcoin ETF.

[m2017]

What if Bitcoin ETF is not Approved

Don't do anything. Continue to live as before. All this fuss about Bitcoin ETF seems overrated to me. You can enjoy all the benefits of bitcoin without Bitcoin ETF.

Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in. Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.

The BTC-system previously existed safely without all this, right?

When we plan we plan for possible eventuality and please do not consider this negative bias. Wisdom Tree, BlackRock etc. has meet the criterial as said and are waiting for a positive signal. Should we bank on it. The question is still pondering in my mind if it doesn't go as suggested or the approval is denied what then happens?

Everything will take its course. As before. Even without Bitcoin ETF. 

Bitcoin works great without Bitcoin ETF.

I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.

Did bitcoin have few falls? One more thing won't change anything. One way or another, bitcoin will regain its position.

[SeriouslyGiveaway]

I think news is just there to legitimize the market movement, and the same goes for Bitcoin ETF. It's undeniable that this news has heated up the cryptocurrency market and Bitcoin since mid-2023 until now, and it will likely continue until mid-January 2024. It has also been reflected in the prices, but one thing that newcomers to this market might not know is that whether there's news about Bitcoin ETF or not, this is the preparatory phase for the market price increase in the 4-year growth cycle.
Newcomers might think that it's because of Bitcoin ETF that the price has surged to this level, but I believe that's a misconception. If you review the market's development process, you'll understand. So, whether Bitcoin ETF is approved or not, it might only impact the prices in the short term, and I think it will be a healthy correction coming soon, regardless of the approval of Bitcoin ETF.