BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts
Disadvantage: Huge Bitcoin might be controlled by few firms.
It might shift people attention towards their derivatives rather than holding Bitcoin itself. etc
It will be a big boost for Bitcoin price if the ETF proposals will be approved. But if it is not approved or delayed, it may bring bad impact to Bitcoin price. Honestly, I am a bit worried that the ETF proposal won't be approved as expected (in January 10, 2024). I don't want to see that many new investors will feel disappointed and they won't continue their investment in crypto anymore. However, I am trying to believe that 2024 will be really the time for the year of ETF approval.My opinion is different than yours. I don't think if ETF is not approved or delayed it'll do any impact on Bitcoin's price. neither it'll disappoint the investors, I don't think anyone would stop trusting on Bitcoin just because of ETF.
ETF is highly speculative IMO, so 2024 is more of the year of halving and BRC-20 (Ordinals)...You think BRC20 craze will continue in 2024? they are already causing a lot of chaos in Bitcoin network (high transactions fee are because of these BRC20). On the other hand halving is one thing I am looking forward to the most.
For sure 2024 is a good year for BTC, and even better if the ETF is approved. But the government seems to always deny Crypto ETF before we can solve the money laundering and market manipulation problem.
You think BRC20 craze will continue in 2024? they are already causing a lot of chaos in Bitcoin network (high transactions fee are because of these BRC20).Yeah, I think BRC20 hype is still present in 2024 (NFA, DYOR) since there are still lots of people who don't know about it. Take a look at Binance, it only lists ORDI and SATS, just recently. I think many will come in 2024. The risk is that if BTC decides to fork to disable ordinals then BRC20 market will rekt.
Advantage: increases the legality of Bitcoin in the eyes of the public.
Increase the Bitcoin community.etc
Disadvantage: Huge Bitcoin might be controlled by few firms.
It might shift people attention towards their derivatives rather than holding Bitcoin itself. etc
While Bitcoin is already an ideal investment asset, the approval of ETFs could propel it to new all-time highs and widespread adoption among ETF enthusiasts. This event is eagerly anticipated by many, especially considering the significant interest shown by funds like BlackRock in Bitcoin. It's an encouraging sign that could contribute to Bitcoin's broader acceptance and potentially lead to new ATHs.I'm not sure that the ETF approval will push Bitcoin to ATH, especially since the halving hasn't happened yet, this doesn't reflect the previous cycle, although you can say anything can happen.
I'm not sure that the ETF approval will push Bitcoin to ATH, especially since the halving hasn't happened yet, this doesn't reflect the previous cycle, although you can say anything can happen.Why not? I'm pretty sure that the ETF approval will create a big hype in crypto and it will trigger a huge increase in Bitcoin/altcoins prices. Although Bitcoin halving didn't happen yet, it is very possible to push Bitcoin price. I think it is not impossible that the price of Bitcoin passed the last ATH, but maybe it won't be the ATH of Bitcoin price in the next bullrun season. Sure, the ETH probably happens after the Bitcoin halving.
At least the approval of the ETF will encourage more investors to enter because several large institutions have made large purchases like microstrategy which always buys in millions of dollars, another thing is that bitcoin has now become widespread among other investors but the adoption of payments is still very minimal, maybe this is need more time but I believe bitcoin can change the world economy.Indeed, the good news about ETH approval will make more investors to join crypto investment, including Bitcoin. This actually will make a big hype, it will be a big support to push crypto prices. I don't know whether it can increase the adoption of Bitcoin, but it surely will help the increase of Bitcoin value.
As we know so many companies are willing to list BTC SPOT ETFHi mate, what is the meaning of ETF?
Advantage: increases the legality of Bitcoin in the eyes of the public.Every advantage has a disadvantage. But in this bitcoin ETF, it seems we need it irrespective of its disadvantages. Bitcoin has suffered so much in the hands of the government, if this arrangement will reconcile bitcoin with the different governments of the world I'll appreciate it.
Increase the Bitcoin community.etc
Disadvantage: Huge Bitcoin might be controlled by few firms.
It might shift people attention towards their derivatives rather than holding Bitcoin itself. etc
Advantage: increases the legality of Bitcoin in the eyes of the public.
Increase the Bitcoin community.etc
Disadvantage: Huge Bitcoin might be controlled by few firms.
It might shift people attention towards their derivatives rather than holding Bitcoin itself. etc
BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts
If approved, we will have more investors in bitcoin and will increase the adoption of it which is what all bitcoin enthusiasts are looking up to.
BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts
I am not opposing or supporting the approval of Bitcoin ETF because it has both advantage and disadvantage in the bitcoin market. If approved, we will have more investors in bitcoin and will increase the adoption of it which is what all bitcoin enthusiasts are looking up to. The core disadvantage I see in this is the effect it will cause to the market, it will make the market breed in an increasingly volatile nature that will make a lot of changes to the price. A project causing a significant change in the market is not appealing to the market and many investors won’t like the idea.
I think Govt is intentionally trying to delay ETF and I don't think their actually motive is to solve money laundering and market manipulation problem. they just hate bitcoin because if bitcoin gets more adoption they'll loose control over people's money.
BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts
I am not opposing or supporting the approval of Bitcoin ETF because it has both advantage and disadvantage in the bitcoin market. If approved, we will have more investors in bitcoin and will increase the adoption of it which is what all bitcoin enthusiasts are looking up to. The core disadvantage I see in this is the effect it will cause to the market, it will make the market breed in an increasingly volatile nature that will make a lot of changes to the price. A project causing a significant change in the market is not appealing to the market and many investors won’t like the idea.
Maybe at first but in the long run, many restrictions will come and it will make the Bitcoin market centralized. Some minutes ago, bitcoin crashed from $45k to $40k, this must be a result of ETF rejection, there are no official updates regarding it yet but I'm seeing some FUD of rejection in some channels circulating the media. This is what I'm talking about, if bitcoin becomes a tool of the government, it will have its completed time and I fear there is going to be more restriction than ever.
Many people want this just because they want US validation and more liquidity but this will not make any difference even if they accept the ETF later in the future, I hope we have an official update from the SEC director to clear the air so as to not manipulate the price of bitcoin and know where bitcoin stands in the united state.
BTC SPOT ETF has advantages and disadvantages, the advantages are in bringing more investors to the Bitcoin market and of course this will lead to the higher prices that everyone desires.
The disadvantages are the increase in the number of whales and large companies that control the Bitcoin market, and this may lead to increased volatility due to market manipulation. Also, this will bring more regulatory government interventions that try to contain crypto.
Final deadline of Ark 21shares(ARKB) will be on 10 January 2024 and then others companies final deadline is dated on march 2024.
As optimistic as I am and want to be concerning this whole ETF approval stuff or should I call it bruhaha, I still can not help but agree with you, the SEC seem to wild power of their own and like the previous government that ruled Nigeria, they can do anything they want regardless of court ruling or what the says or states is right.Final deadline of Ark 21shares(ARKB) will be on 10 January 2024 and then others companies final deadline is dated on march 2024.
Anyone else is starting to get a bit nervous about the SEC not announcing anything yet? I don't think them waiting for the last moment is a good sign. Everyone seems to be taking the approval for granted and I understand why, but SEC has already proven they can do what they want.
Maybe a high-leveraged short position just before 10th is not a bad idea? Just thinking out loud.
Anyone else is starting to get a bit nervous about the SEC not announcing anything yet? I don't think them waiting for the last moment is a good sign. Everyone seems to be taking the approval for granted and I understand why, but SEC has already proven they can do what they want.I'm sorry, have you seen how many times this news story has been manipulated already? There's absolutely no guarantee that tomorrow they'll say again: "We accept the ETF..." and a few days later, they'll say, "We reject the ETF, through a lot of mistakes." ;D
Maybe a high-leveraged short position just before 10th is not a bad idea? Just thinking out loud.
BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughtsI won't call people who have invested in BTC as BTC lovers because most of them including me is in it because it ensures profits and it is king, and the chances of making a profit from it are higher than any other digital asset.
ETF approval will send Bitcoin rapidly to moon. Much awaited moment for everybody that are into crypto and waiting for another round of pump harder.
I also observe a lot of dramas and speculations are going on with regards of this. Even coinbase is excited about the possible result and they are prepared.
Me too a believer of approval.
According to predictions and theory, ETF approval should have a positive impact on Bitcoin, but in the fact after the ETF was approved, the price of Bitcoin fell. This does not match predictions. Although from what I read there are whales who sell large amounts of their bitcoins.
Please wait the bitcoin progress at the next several weeks.
If bitcoin goes up to $ 45 K, I think It's just correction.
Bitcoin will recover again.
The problem is, anyone can make predictions. But if you listened to people more knowledgeable in trading, most of them considered the dip might happen due to a lot of people "selling the news". But what we had also seen, which hardly anyone predicted, was the sale of the FTX's shares in Greyscale spot ETF (GBTC) worth around $1 billion. Luckily, they've already sold all of them.No one can give a correct prediction, even a very rich person will definitely miss, except for those whales who have a lot of money who often regulate the circulation of money in the world, so they have the potential to influence coin price movements. Bitcoin was beaten some time ago by Greyscale. but in reality strong support from Bitcoin enthusiasts made the price recover.
I often see news on this topic, BlackRock and other companies have already met with the SEC in December... most likely there are already some agreements in place. I am convinced that sooner or later it will happen; there are many prerequisites for this. I am already anticipating the impact on the market with the positive news from the SEC. In any case, all we can do is wait and observe and, of course, react promptly to such news.Progress that continues to develop cannot be avoided; as you say, it is no longer a secret and everyone already knows about it, but we must remember that every update will have an impact, possibly good or bad.ETF Bitcoin has been approved and will continue to grow with ETF Ethereum , and it will always continue to do so as long as the market is able to accept it and there is indeed a share for it.No one can avoid this, and everyone must also be prepared to accept it. So we must be prepared for something that will happen in the future, and there is no need to worry too much because development cannot stop it.
ETF approval will send Bitcoin rapidly to moon. Much awaited moment for everybody that are into crypto and waiting for another round of pump harder.
I also observe a lot of dramas and speculations are going on with regards of this. Even coinbase is excited about the possible result and they are prepared.
Me too a believer of approval.
According to predictions and theory, ETF approval should have a positive impact on Bitcoin, but in the fact after the ETF was approved, the price of Bitcoin fell. This does not match predictions. Although from what I read there are whales who sell large amounts of their bitcoins.
Please wait the bitcoin progress at the next several weeks.
If bitcoin goes up to $ 45 K, I think It's just correction.
Bitcoin will recover again.
The problem is, anyone can make predictions. But if you listened to people more knowledgeable in trading, most of them considered the dip might happen due to a lot of people "selling the news". But what we had also seen, which hardly anyone predicted, was the sale of the FTX's shares in Greyscale spot ETF (GBTC) worth around $1 billion. Luckily, they've already sold all of them.Do you think the big giants are just hoarding bitcoin for no reason? If you analyze their actions, they bought both at 50-60 thousand for 1 bitcoin and the whole period of the fall (up to 16 thousand).
As we know so many companies are willing to list BTC SPOT ETF, Black Rock meet with SEC twice in this month and other companies are also following him. All BTC lover, strong holder waiting for this day impatiently.
(https://i.ibb.co/zF1HwCN/etf.jpg) (https://twitter.com/CryptoLalit151/status/1738596523309679049?t=HqrWss-C1dEzjsh6nEveAQ)
Final deadline of Ark 21shares(ARKB) will be on 10 January 2024 and then others companies final deadline is dated on march 2024. it's mean that we are almost 16 days away from ETF conclusion (most possibly chance of approval).
BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts
As we know so many companies are willing to list BTC SPOT ETF, Black Rock meet with SEC twice in this month and other companies are also following him. All BTC lover, strong holder waiting for this day impatiently.But it is more perfect with ETF though so far we are still waiting if this is going to happen as after a month ? ETF is still now bringing better effect to the market .
(https://i.ibb.co/zF1HwCN/etf.jpg) (https://twitter.com/CryptoLalit151/status/1738596523309679049?t=HqrWss-C1dEzjsh6nEveAQ)
Final deadline of Ark 21shares(ARKB) will be on 10 January 2024 and then others companies final deadline is dated on march 2024. it's mean that we are almost 16 days away from ETF conclusion (most possibly chance of approval).
BTC is already perfect without ETF although this approval will gives opportunity to the ETF lover to invest in btc which somehow help in more adoption. What do you think about ETF, It's advantage or disadvantage? kindly share your thoughts
ETF approval will send Bitcoin rapidly to moon. Much awaited moment for everybody that are into crypto and waiting for another round of pump harder.
I also observe a lot of dramas and speculations are going on with regards of this. Even coinbase is excited about the possible result and they are prepared.
Me too a believer of approval.
According to predictions and theory, ETF approval should have a positive impact on Bitcoin, but in the fact after the ETF was approved, the price of Bitcoin fell. This does not match predictions. Although from what I read there are whales who sell large amounts of their bitcoins.
Please wait the bitcoin progress at the next several weeks.
If bitcoin goes up to $ 45 K, I think It's just correction.
Bitcoin will recover again.
Many communities here in the crypto space indeed expected that after the SEC approval of the bitcoin spot, there would be an immediate rally in its bitcoin price in the market, but many were disappointed, and others may be frustrated or wondering.
~ snip~
Many companies have consulted with the SEC after offering bitcoin spot ETFs and said they want to list with bitcoin. However, it is very interesting that if big companies start trading with Bitcoin, then this coin has the potential to do better in the future. We have seen the price of Bitcoin go from very low to very high levels and we expect it to rise further. Already many shopping malls and factories in many countries and abroad accept Bitcoin for transactions and even small shops are accepting Bitcoin payments now. According to this when the demand of Bitcoin increases day by day more people will be interested in Bitcoin and its value will increase more.Bitcoin price movements that occur in Spot ETFs are very fast, and this can have an influence on exchange conditions, which make it possible to bring in new traders to enter Bitcoin and try to trade using Bitcoin. In this way, it can make Bitcoin prices soar high and provide a lot of profit for Bitcoin supporters.
Bitcoin price movements that occur in Spot ETFs are very fast, and this can have an influence on exchange conditions, which make it possible to bring in new traders to enter Bitcoin and try to trade using Bitcoin. In this way, it can make Bitcoin prices soar high and provide a lot of profit for Bitcoin supporters.
Bitcoin price movements that occur in Spot ETFs are very fast, and this can have an influence on exchange conditions, which make it possible to bring in new traders to enter Bitcoin and try to trade using Bitcoin. In this way, it can make Bitcoin prices soar high and provide a lot of profit for Bitcoin supporters.
Absolutely yes, ETF bitcoin will make bitcoin price go high at bullish. As we all see now, bitcoin price is increasing day by day at this week and touch $ 47K. ETF has big impact for bitcoin , that it will influence all of atlcoins. As a holder of bitcoin , I'm really happy to face bullish season.
Yeah , I see Bitcoin shows good price and touched at $ 52K at last week. great achievement. ETF Bitcoin has good impact. By seeing this , I believe Bitcoin will touch new ATH around $150K. This is very good, if we hold Bitcoin until the bullish season.For me, the price of $150k is very difficult to achieve because currently the price of Bitcoin has started to weaken, which has finally caused the price of Bitcoin to fall to $50.6k. Hopefully there is more good news that can make Bitcoin price movements increase quickly so that it can provide a lot of profit. The new ATH will probably be reached next year, but no one can be sure exactly when that will happen.
Yeah , I see Bitcoin shows good price and touched at $ 52K at last week. great achievement. ETF Bitcoin has good impact. By seeing this , I believe Bitcoin will touch new ATH around $150K. This is very good, if we hold Bitcoin until the bullish season.
52k$ achievement is a good achievement and I think it will touch 100k$ after halving. There is no doubt that bitcoin can attain the value of 150k$ but this is highest target and I assume that this will take some more time. We should not loss hope because good time comes in future and future is always brighter than past like the price of bitcoin was too much lower but now its three times more than past price.I will not disagree with you, Because if Bitcoin goes above 100k price after this halving then I don't think it's much of a surprise here. Because Bitcoin has touched its new all-time high price every time within almost a year after the halving season ended. Moreover, before the start of the halving season, the price of Bitcoin was around 10k to 7k in 2020 and then after the end of the halving season, it touched 69k during the bull-run.
If some more good news arise then chances will increase and may be it reach to 150k$ because everything can happen in crypto world and all Fluctuations are related with the news and demands so if these remains positive then there will be no hurdles in reaching to the value of 150k$.