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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
Lack of Payment Functionality: Unlike Bitcoin, Bitcoin ETFs cannot be directly used as a means of payment in some countries, reducing its flexibility as an investment asset.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
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You missed the most important one:
Not your keys not your coins! Promises on a paper are not keys either!
Also:
Lol at this one:
Lack of Payment Functionality: Unlike Bitcoin, Bitcoin ETFs cannot be directly used as a means of payment in some countries, reducing its flexibility as an investment asset.
Bitcoin as means of payment is on its last breath, everybody is interested in returns in $, and the ones that still want to use it are hammered with fees!
And this one is the same for BTC, you don't have a 10% drop without an imbalance between those two, and Bitcoin managed to do a 90% drop.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
Lack of Payment Functionality: Unlike Bitcoin, Bitcoin ETFs cannot be directly used as a means of payment in some countries, reducing its flexibility as an investment asset.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
If you buy Bitcoin in the stock market and base your trading activity daily, there will be a limit. You know that traditionally, only business hours can be used to conduct actual trade in the stock market.
But if what we are used to here in cryptocurrency trading is, of course, you know that anytime we can do trading here regardless of what we can do, because of the regulated business system, we are not really in control of our assets, but here in the field, we live by ourselves as long as we have control over our crypto assets.
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
Lack of Payment Functionality: Unlike Bitcoin, Bitcoin ETFs cannot be directly used as a means of payment in some countries, reducing its flexibility as an investment asset.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
All these are less concerned by an average bitcoiner, we are not involved in this, their investors are, we deals with bitcoin while other people are dealing with centralized institutions and their market performance relaying on bitcoin market price, so those investors are affected by this factors and not bitcoiners, the bitcoin ETF is something different entirely from the bitcoin network, it only provides for more use case of bitcoin market price for some business organizations.
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
you are right but the most of people these big companies have as their customers are old people and they have millions of dollars as well, we can also say these big companies like fidelity, etc. have rich customers and they are old, they don't want to manage everything on there own, instead they will tell their broker to do it for them and when they will ask the broker to buy 1 million of BTC then they have to pay the fee as well plus other tax, etc. but don't you think they are already paying tax and fee on every other ETFs they have invested in. So what's the big deal here.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
Yeah this is an issue but just like before when institutional traders got some time at weekend from traditional market they jump into crypto market to make some extra money, same can be happen here, if people are buying ETFs by themselves, then they can also buy BTC by themselves at the weekend when they are not trading in ETFs.
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
You are comparing the advantages of BTC with BTC ETFs which is not a good comparison because, in every aspect of life, BTC has more benefits than BTC ETFs have. Because BTC provides us the features of decentralization, anonymity, and security, and we get to experience the real features of BTC for example we set up wallets by ourselves, we make accounts on exchanges by ourselves, and we are the real owners of our assets all the time. We are the ones responsible for our assets.
But those who are into BTC ETFs can't enjoy these features because ETFs are centralized and not under the control of buyers, we are just giving our money to Fidelity and other ETF trading platforms and not even buying the real BTC. In short, I would like to conclude that we should not think of BTC ETFs as real BTC so we should not hope to experience the same features as well because both are two different things with different purposes nad functionality.
Other than this, the disadvantages that you have mentioned are real ones, but you should talk about the real disadvantages of BTC ETFs only rather than comparing it with the real BTC.
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
You are comparing the advantages of BTC with BTC ETFs which is not a good comparison because, in every aspect of life, BTC has more benefits than BTC ETFs have. Because BTC provides us the features of decentralization, anonymity, and security, and we get to experience the real features of BTC for example we set up wallets by ourselves, we make accounts on exchanges by ourselves, and we are the real owners of our assets all the time. We are the ones responsible for our assets.
But those who are into BTC ETFs can't enjoy these features because ETFs are centralized and not under the control of buyers, we are just giving our money to Fidelity and other ETF trading platforms and not even buying the real BTC. In short, I would like to conclude that we should not think of BTC ETFs as real BTC so we should not hope to experience the same features as well because both are two different things with different purposes nad functionality.
Other than this, the disadvantages that you have mentioned are real ones, but you should talk about the real disadvantages of BTC ETFs only rather than comparing it with the real BTC.
And yet many people still talk about the Bitcoin ETF as some kind of savior that would give rise to many things in terms of advantage as people were fucking eager for it's acceptance long before now and now that it's been accepted, I have not seen the positive trend that people were so busy rambling about instead the market is still quite the same and like you have said comparing the two is just like making downgrade to the real Bitcoin and I believe most people will also agree to this note.
I wonder sometimes why would any actual Bitcoin enthusiast go against exactly what he is she has been against or the core concept of Bitcoin is against which is our money being controlled by an central entity and that's all it is with Bitcoin ETF.
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Everything that has an advantage usually has disadvantages. As far as I'm concerned, I don't quite like the BTC EFT because it's not a decentralized system. Investors on the ETF would likely have their identity known, which IMO is not really safe. A question I asked myself one day regarding these was: what if the SEC decides to bring up any new rules against known Bitcoin holders due to this ETF? The future is quite unpredictable, and anything could happen. It's more safe to invest in Bitcoin and hold it in your own custodial wallet because, like the first comment said, there is one great rule of investing in Bitcoin, which is not your key, not your coin.
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I don't quite like the BTC EFT because it's not a decentralized system. Investors on the ETF would likely have their identity known, which IMO is not really safe. A question I asked myself one day regarding these was: what if the SEC decides to bring up any new rules against known Bitcoin holders due to this ETF? The future is quite unpredictable, and anything could happen. It's more safe to invest in Bitcoin and hold it in your own custodial wallet because, like the first comment said, there is one great rule of investing in Bitcoin, which is not your key, not your coin.
These are fair concerns, but as long as there's an option for investors to hold bitcoins in their own wallets - I wouldn't be that worried, especially when there's nothing we can do if certain people prefer to invest via ETFs.
What bothers me is that this could encourage regulators to try to force people into investing and using bitcoin only with approved entities and delegalise the use of non-custodial, non-KYC wallets. But that's a part of a wider problem of governments usurping more and more control while people are passive and offer no resistance.
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Another fancy word to call a CEX.
Bitcoin ETF goes against two of the beauty's of Bitcoin, Decentralization and privacy. Yes it has brought about some element of legality in Bitcoin in the eyes of the public or i would say quicken the process but i would ask is the short to mid term benefit worth the possible deficit in the long run?
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@onusplatform
You need to include centralization and lack of privacy. Bitcoin is decentralized and you can use it and have privacy if you know the ways you can have the privacy like the use of noncustodial wallet with Tor and decentralized exchanges. With bitcoin ETF, no privacy and also it is centralization.
Another fancy word to call a CEX.
CEX means centralized exchanges. Centralized exchanges are still better because you are buying an selling bitcoin on those exchanges and not shares pegged with bitcoin price in the stock market using bitcoin spot price. Centralized exchange truly deprive people from privacy and it is centralized, but bitcoin spot ETF is worse than that because it is not bitcoin that people are buying and selling directly.
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Found a very interesting graph. Pay attention to the events and the aftermath of them. But the funny thing is, if you look at the price now (it went down), it really becomes more interesting to pay attention to such pictures.
Is it manipulation again? Have we all been duped again?
P.S. This is not a call to any action. Take the risks on your own.
(https://i.ibb.co/6JV295g/photo-2024-01-16-11-07-24.jpg)
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
Lack of Payment Functionality: Unlike Bitcoin, Bitcoin ETFs cannot be directly used as a means of payment in some countries, reducing its flexibility as an investment asset.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
ALL this you mentioned as the advantages of Bitcoin ETF possibly have no effect, or minimal effect on the holder of real bitcoins bought from an exchange or mined, let those who are buying the ETF version of bitcoin face or deal with this disadvantages, after all, I believe that we or most of us already know that nothing comes from the government free of charge.
Those buying the ETF version of bitcoin will definitely at some point in time have to compare the advantages and disadvantages of buying and holding the real bitcoin to the advantage and disadvantages of buying the ETF version, after weighing the two, it will be up to them to choose is more or most profitable for them, for me, I have no business buying bitcoin ETFs.
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While Bitcoin ETFs offer several advantages for investors, they come with notable limitations:
BTC ETFs comparison with BTC itself in the context of disadvantages, this looks unfair, because BTC ETFs don't stand a chance in front of BTC itself. As BTC is decentralized, secure, and it requires people to set up all the accounts by themselves, they have to put the real efforts of creating the account, wallets, and then taking the responsibility of storing the funds, keeping the funds save from hackers, and keeping the seed phrases save. Those who directly trade, or deal with BTC they have to do a lot of homework but those who are trading with BTC ETFs they don't have to deal with any of this.
And I am counting this as not a disadvantage of BTC in comparison with BTC ETF, instead these work that we have to do is a benefit for all of us, we must know the reality of blockchain, and we can know it once we experience it by doing it practically. By the way I like your post, it is good for newbies to understand the pros and cons of BTC and BTC ETFs.
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Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
I don't see a disadvantage of having a management fee because you will only pay it yearly. It just only a little amount of funds compare to your potential annual profit.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
In my opinion, there is nothing to worry since it is normal to the stocks to have a closing hours especially if you trade stocks before.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
I think it's normal to have a little bit of differences as long as the price is not glitching.
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Bitcoin ETF goes against two of the beauty's of Bitcoin, Decentralization and privacy. Yes it has brought about some element of legality in Bitcoin in the eyes of the public or i would say quicken the process but i would ask is the short to mid term benefit worth the possible deficit in the long run?
Unpopular opinion, but for the non-tech savvy investors who are only in Bitcoin for the profits - it's better to hold it on regulated and insured centralised exchanges or via ETFs. It takes away the risk of them losing btc due to hacks, losing private keys or messing something up.
In some cases, holding ETFs could make capital gains tax-free.
But for those who are looking beyond just making a quick buck - yup we should avoid trusting any 3rd parties as far as possible.
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Bitcoin ETF goes against two of the beauty's of Bitcoin, Decentralization and privacy. Yes it has brought about some element of legality in Bitcoin in the eyes of the public or i would say quicken the process but i would ask is the short to mid term benefit worth the possible deficit in the long run?
Unpopular opinion, but for the non-tech savvy investors who are only in Bitcoin for the profits - it's better to hold it on regulated and insured centralised exchanges or via ETFs. It takes away the risk of them losing btc due to hacks, losing private keys or messing something up.
In some cases, holding ETFs could make capital gains tax-free.
But for those who are looking beyond just making a quick buck - yup we should avoid trusting any 3rd parties as far as possible.
Yep, hard lessons for us, specially those who lost their Bitcoin thru hacks or putting it on a 3rd party and then suddenly they rug-pulled. And so with that, it's better to have control of our coins, and not rely to 3rd parties to hold that for us.
Although as far as I know those companies that will HODL will have it in insurance but it's not going to be 100%, just a partial amount. So for tech savvy like us, then why not just HODL it ourselves and secure and learn how to practice and protect it by ourselves.
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But for those who are looking beyond just making a quick buck - yup we should avoid trusting any 3rd parties as far as possible.
Who are the guys you're taking about? ;D
They went extinct or at least extinct in the wild and unable to reproduce during the '19 bull run!
The whole thing of "not your keys not your coins" which probably I'm going to take to the grave is just a saying now, everyone claps , agrees, says it's so much better and then 99% of them park their coins at Binance!
And before anyone says about the "dwindling" coins in exchange's cold wallets, nobody has yet been able to tag alll of neither Coinbase Bitgo accounts, nor MicroStrategy wallets nor the coins that Salvador supposedly has!
It takes away the risk of them losing btc due to hacks, losing private keys or messing something up.
Cough cough... mattress cash vs banks! ;D
I don't see a disadvantage of having a management fee because you will only pay it yearly. It just only a little amount of funds compare to your potential annual profit.
Paying something for a thing you could do yourself just for the promise that your coins actual exist is not a drawback?
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You missed the most important one:
Not your keys not your coins! Promises on paper are not keys either!
Ahh, From the bottom of my heart thanks sir for mentioning this key point...
More on it, I was not expecting anything from ETF just a huge flow of money in the market and bullish market momentum, there are some other decent ways available to fetch bitcoin more securely and conveniently. Now, it seems like ETF is just a bubble market will follow its nature throughout the entire journey.
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Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.
They know what they are getting into. I'm sure they have thought about it but I think I will rather register my account on centralized exchange and buy real Bitcoin with less or insignificant fees than pay yearly fees that will drain my pocket, it doesn't worth it because you aren't even holding real Bitcoin.
Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.
Of all the features, this is the one I hate the most. I mean, did they thought of how to sell these ETF when there is an emergency or when the price is falling off? You will have to wait during trading hours before you can sell what you invested with your own money.
ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.
This is just like Gbtc market, even in there market differences the demand and supply will close that gap any time the market open. It's normal for the difference with a gap but it will close. However, there were times Traditional market became speculative tool for Bitcoin price which is not that good thing to allow, it's makes bitcoin looks too centralized.
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Bitcoin ETF is an open platform for stock traders only. There, trading is conducted according to various central rules. Even though Bitcoin is decentralised, those who buy Bitcoin from the ETF market will not be able to keep their identity anonymous. That is we can say that they are centralised. Moreover, ETF investors never consider holding Bitcoin. They sell bitcoins for a small profit. So I think Bitcoin ETF will not provide any good news for Bitcoin. Rather, it will benefit some whale investors.
Those who thought the approval of Bitcoin ETF as a big issue for Bitcoin price rise can now understand these issues easily. In fact, how beneficial Bitcoin ETF can be to Bitcoin's bullish movement. We have seen how the Bitcoin price has dropped since the approval of the Bitcoin ETF.
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More on it, I was not expecting anything from ETF just a huge flow of money in the market and bullish market momentum, there are some other decent ways available to fetch bitcoin more securely and conveniently. Now, it seems like ETF is just a bubble market will follow its nature throughout the entire journey.
Once the ETF bubble market is over there will be negative impacts as well.
See how after the ETF approves, the price of Bitcoin starts to fall and this tends to experience a fairly deep correction.
Also supported by some FUD and other negative news.
ETFs increase the price of Bitcoin in the beginning to help the price go higher.
It's like the manipulation done by Whales with a lot of money and maybe it's unlimited in number.
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Once the ETF bubble market is over there will be negative impacts as well.
See how after the ETF approves, the price of Bitcoin starts to fall and this tends to experience a fairly deep correction.
Also supported by some FUD and other negative news.
ETFs increase the price of Bitcoin in the beginning to help the price go higher.
It's like the manipulation done by Whales with a lot of money and maybe it's unlimited in number.
Yeah , I see after ETF bitcoin , the price went down but It cause of whales sold their BTC in big amount.
Bitcoin is recovering again after that. I still have confidence, ETF will make bitcoin price goes up.
Manipulation will always be there , So we only see and take the advantage of those moments.
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What you mentioned is related to investment and money, while Satoshi created Bitcoin as a symbol of freedom in peer-to-peer transactions. Prioritizing privacy addresses the current global issue where governments are overly intrusive, monitoring their citizens by implementing various KYC regulations and tracking all of their transactions.
Bitcoin has never been affiliated with governments, making it an independent currency that values its users' privacy. Bitcoin ETFs would only undermine Satoshi's intended function. It's certain that some people like Bitcoin ETFs and some hate them. I hope not all Bitcoins circulate in Wall Street; it would confine Bitcoin there, and users wouldn't be free to use Bitcoin anymore.
For someone using Bitcoin for daily transactions, Bitcoin ETFs wouldn't have any impact except on the price.
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So far I haven't found any significant advantages in Bitcoin ETFs compared to real Bitcoin. In fact, I'm not at all interested in what ETFs have to offer, because why would you trade something that doesn't even exist in the first place? I mean the Bitcoin ETF was launched without any underlying assets and the Bitcoin ETF provider only wanted to buy a few thousand Bitcoins for the 21 million shares they launched. It looks like people are fooling. So compared to investing in something like that, it's better to invest in the original asset and you can manage the asset more freely and safely directly from your wallet.
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Once the ETF bubble market is over there will be negative impacts as well.
See how after the ETF approves, the price of Bitcoin starts to fall and this tends to experience a fairly deep correction.
Also supported by some FUD and other negative news.
FOMO makes most of people lost money and it's not good.
Bitcoin Spot ETFs are helpful for Bitcoin market in long term and if a person can invest in bitcoin long enough, like 4 to 6 years, it will be great to at least avoid risk of loss because of bear market.
If is historically proven by Bitcoin ROI table, chart and HODL camp chart.
- https://hodl.camp/
- Bitcoin & Traditional Assets ROI (vs USD) (https://casebitcoin.com/)
- Bitcoin ROI chart (https://casebitcoin.com/charts#roi_chart)
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FOMO makes most of people lost money and it's not good.
Bitcoin Spot ETFs are helpful for Bitcoin market in long term and if a person can invest in bitcoin long enough, like 4 to 6 years, it will be great to at least avoid risk of loss because of bear market.
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absolutely yes, FOMO is not good , we should do research before invest and also when have decision to sell.
As you said, ETF bitcoin is usefull many investors will start to invest in bitcoin use ETF bitcoin program.
Hold for long term investment is always good , if we have big fund and free.
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FOMO makes most of people lost money and it's not good.
Bitcoin Spot ETFs are helpful for Bitcoin market in long term and if a person can invest in bitcoin long enough, like 4 to 6 years, it will be great to at least avoid risk of loss because of bear market.
And it hurts a lot because buying too high and suddenly crashes.
There are many FOMO practices that are done that trap beginners to enter,
Even though it's just a trap that has been prepared.
4 to 6 years is quite an ideal time for an investment, especially Bitcoin which has been known how to hold from the beginning until now which provides very many benefits.
It also needs support to do DCA when the market does crash, it gives an advantage to the number of coins that will be more.
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Everything that has an advantage usually has disadvantages. As far as I'm concerned, I don't quite like the BTC EFT because it's not a decentralized system. Investors on the ETF would likely have their identity known, which IMO is not really safe. A question I asked myself one day regarding these was: what if the SEC decides to bring up any new rules against known Bitcoin holders due to this ETF? The future is quite unpredictable, and anything could happen. It's more safe to invest in Bitcoin and hold it in your own custodial wallet because, like the first comment said, there is one great rule of investing in Bitcoin, which is not your key, not your coin.
As far experts on the blockchain and cryptocurrency can be concerned, the biggest disadvantage and fear of BTC-ETF is the centralization involved, away from decentralization which is the cornerstone of Bitcoin. I am not expert with anything but I think I can sense this whole thing from afar. What happened to gold can also happened to BTC. Certainly, there is a chance that volatility can be controlled to a certain level but that can also mean that growth can be manipulated. How ETF can really be affecting Bitcoin in many ways remains to be seen in the years following 2024. Let's hope am wrong, though.
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You missed the most important one:
Not your keys not your coins! Promises on paper are not keys either!
Ahh, From the bottom of my heart thanks sir for mentioning this key point...
More on it, I was not expecting anything from ETF just a huge flow of money in the market and bullish market momentum, there are some other decent ways available to fetch bitcoin more securely and conveniently. Now, it seems like ETF is just a bubble market will follow its nature throughout the entire journey.
TBH I don't expect too much about ETF bitcoin.. Although many people have own opinions about this, they said ETF bitcoin will have good impact. But we should see the reality, After ETF bitcoin approved until now I see bitcoin performance still recover and didn't touch the price before ETF bitcoin approved.
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What better "form" than an example of something tangible, palpable... where is the "boom" or rather the Bump!, the price is still there and maintains, in fact it did comeback to have +38k, scary ETFs.
The main disadvantage is that they manage a relevant percentage of bitcoin, but the worst thing is not that, it is their influence on traditional media, this can be harmful at some point...
In terms of ETFs jargon, as long as the outflows do not harm the inflows, everyone is happy.
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TBH I don't expect too much about ETF bitcoin.. Although many people have own opinions about this, they said ETF bitcoin will have good impact. But we should see the reality, After ETF bitcoin approved until now I see bitcoin performance still recover and didn't touch the price before ETF bitcoin approved.
That's quite normal. We had a very hyped-up event of the SEC approval, many investors have "sold the news" and the recovery after that will take some time.
As I type this the price just crossed $44k, so things are not looking bad considering many have predicted BTC going down to the lower 30k range.
Maybe some of those who dumped at 46-47k are starting to think we're not going any lower and deciding to buy back.
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Ahh, From the bottom of my heart thanks sir for mentioning this key point...
More on it, I was not expecting anything from ETF just a huge flow of money in the market and bullish market momentum, there are some other decent ways available to fetch bitcoin more securely and conveniently. Now, it seems like ETF is just a bubble market that will follow its nature throughout the entire journey.
TBH I don't expect too much about ETF bitcoin.. Although many people have their own opinions about this, they said ETF bitcoin will have a good impact. But we should see the reality, After ETF bitcoin approved until now I see bitcoin performance still recover and didn't touch the price before ETF bitcoin approved.
On this fact I would love to put some words, can you tell me why Bitcoin was pumping before ETF approval?
Obviously, I know you won't deny it was just because People were excited about ETF approval they were Bullish it that Bitcoin would go through another ATH, this made a huge capital flow in the market and on the day of ETF approval everyone was prepared now it was the institutional investment time and as many mature investors expected (Hehe including me) Intutues were not likely interested in buying at high prices and for some of their portion they were already prepared by early accumulation.
On that Whales and mature investors booked their profit, and Bitcoin took a healthy correction. It takes time that how the capital will flow into the market especially when we are taking institutional capital into count. Now as everyone was already prepared there was no demand at the high market was moving below the limit of price range before the ETF approval but now as you can see market is making a good recovery.
The conclusion is that hype made Bitcoin pump and now we need the real flow of capital and other push to breakthrough the ATH, I'm expecting some other regulatory development and Halvng will push bitcoin further.
On the same time its good that you've not expected the dreamy gains after approval for ATH breakthrough.
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TBH I don't expect too much about ETF bitcoin.. Although many people have own opinions about this, they said ETF bitcoin will have good impact. But we should see the reality, After ETF bitcoin approved until now I see bitcoin performance still recover and didn't touch the price before ETF bitcoin approved.
That's quite normal. We had a very hyped-up event of the SEC approval, many investors have "sold the news" and the recovery after that will take some time.
As I type this the price just crossed $44k, so things are not looking bad considering many have predicted BTC going down to the lower 30k range.
Maybe some of those who dumped at 46-47k are starting to think we're not going any lower and deciding to buy back.
I don't believe bitcoin price will dump until $30K. Bitcoin price is increasing again and touch $ 47K.
After ETF approved, bitcoin dumped and going up again now. I just think the advantage of bitcoin ETF, will have good impact for bitcoin. I don't think about disadvantages of ETF bitcoin.
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TBH I don't expect too much about ETF bitcoin.. Although many people have own opinions about this, they said ETF bitcoin will have good impact. But we should see the reality, After ETF bitcoin approved until now I see bitcoin performance still recover and didn't touch the price before ETF bitcoin approved.
That's quite normal. We had a very hyped-up event of the SEC approval, many investors have "sold the news" and the recovery after that will take some time.
As I type this the price just crossed $44k, so things are not looking bad considering many have predicted BTC going down to the lower 30k range.
Maybe some of those who dumped at 46-47k are starting to think we're not going any lower and deciding to buy back.
I don't believe bitcoin price will dump until $30K. Bitcoin price is increasing again and touch $ 47K.
After ETF approved, bitcoin dumped and going up again now. I just think the advantage of bitcoin ETF, will have good impact for bitcoin. I don't think about disadvantages of ETF bitcoin.
What happens is that things when you try to see what could be happening, because it is obvious that people are very given to the fact that when they are waiting for a move, they are waiting for everything to be done at once, I could say that as a trader you have to see the possible scenarios when the approval of bbitcoin was expected, many believed that it would reach $50k at least, but since all this is psychological since things usually happen like this, it is better to think that if everyone hopes to have a movement, then it has to be done On the contrary, that is what whales and market speculators do, they do this to take advantage of things and be able to take bitcoin away from the hands of those who panic, thus making bitcoin cheaper.
This is something that we must see, and that we have to learn, sometimes in the market things can be very difficult to make a prediction or something, but with events we cannot be so confident, we must think like whales.
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You missed the most important one:
Not your keys not your coins! Promises on paper are not keys either!
Ahh, From the bottom of my heart thanks sir for mentioning this key point...
More on it, I was not expecting anything from ETF just a huge flow of money in the market and bullish market momentum, there are some other decent ways available to fetch bitcoin more securely and conveniently. Now, it seems like ETF is just a bubble market will follow its nature throughout the entire journey.
TBH I don't expect too much about ETF bitcoin.. Although many people have own opinions about this, they said ETF bitcoin will have good impact. But we should see the reality, After ETF bitcoin approved until now I see bitcoin performance still recover and didn't touch the price before ETF bitcoin approved.
You are forgetting the initial impact the upcoming news had.
A lot think well the price was at 47k when the ETF were approved, so no change no impact.
But they forget that it was the approaching deadline on those submissions and the Grayscale lawsuit that triggered the jumps to to 47k in the first place, there was no news, no laws, not a single thing that you could point a finger and say tit was the culprit behind the nearly 100% raise in the last two months other than the ETF hype.
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So far I haven't found any significant advantages in Bitcoin ETFs compared to real Bitcoin. In fact, I'm not at all interested in what ETFs have to offer, because why would you trade something that doesn't even exist in the first place? I mean the Bitcoin ETF was launched without any underlying assets and the Bitcoin ETF provider only wanted to buy a few thousand Bitcoins for the 21 million shares they launched. It looks like people are fooling. So compared to investing in something like that, it's better to invest in the original asset and you can manage the asset more freely and safely directly from your wallet.
Well there was a (small) increase, what more do you need? + SEC made a lot of money (at any rate). Do you think they manipulated for nothing? As frustrating as it is, all (especially) the big players, are looking for any possible way to make as much money as possible. Wait, it will get even more interesting during the adoption of ETH-ETF.
Some very interesting information has come to light.
P.S."The cumulative trading volume of spot bitcoin-ETFs has exceeded 30$ billion since launch."
(https://i.ibb.co/Hz9RcPK/photo-2024-02-07-18-42-33.jpg)
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+ SEC made a lot of money (at any rate).
How did SEC made money out of this?
The only way SEC is making money is from the taxes on securities that pass though their registration, they are an agency nothing else, so SEC has lost of money by denying ETF for all these years, they could have made well more millions just from that than a what, 10% price swing? If they would have wanted to completely manipulate the price they would have rejected the ETF and had somebody short the coin, the rejection would have triggered way more than 10% probably we would have hit 30k and lower .
You're overcomplicating things for nothing!
You really think in people overseeing a 350 trillion market and paid with millions year have nothing better to do than play manipulate the price of an assets who hasn't yet reached in a month the volume FB did in a day 12 years ago? ;D
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The truth is that I don't have any quality understanding about what this Bitcoin ETF is all about, despite that I have read a little about it yet I don't just understand how it works and why it seems to be very special and safer than Bitcoin. I know only Bitcoin and I'm sticking with that alone.
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The only way SEC is making money is from the taxes on securities that pass though their registration, they are an agency nothing else, so SEC has lost of money by denying ETF for all these years, they could have made well more millions just from that than a what, 10% price swing? If they would have wanted to completely manipulate the price they would have rejected the ETF and had somebody short the coin, the rejection would have triggered way more than 10% probably we would have hit 30k and lower .
Yes, there may be a tax on securities that passes through their registration, which is income received by the SEC. Exactly what the process is, I don't know. But financial institutions usually take advantage of each of their policies.
I'm not saying there's a certain deal in the Bitcoin ETF approval process, but it's a possibility.
The bitcoin ETF has had a positive impact on the bitcoin market. We all saw that the bitcoin price had touched $48K after the ETF was approved.
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This ETF is a centralized market and many investors trade in the ETF market. That means the more Bitcoin is traded centrally, the more price drama there will be.
Price manipulation from this ETF could happen at any time because the ETF has a large supply of Bitcoin in circulation. If we have a little Bitcoin then we will definitely be affected by this trade.
To be honest, I don't know the main purpose of Bitcoin's entry into the ETF market because this ETF definitely has certain methods or tricks for making profits from Bitcoin trading.
It's just my opinion that if Bitcoin is owned by many companies centrally, that's where they have an important role to play in controlling the price of Bitcoin.
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Yes, there may be a tax on securities that passes through their registration, which is income received by the SEC. Exactly what the process is, I don't know. But financial institutions usually take advantage of each of their policies.
I'm not saying there's a certain deal in the Bitcoin ETF approval process, but it's a possibility.
The bitcoin ETF has had a positive impact on the bitcoin market. We all saw that the bitcoin price had touched $48K after the ETF was approved.
When you talk about the process of money being given to get approval for an ETF, this has to be proven with facts, but this is far from being suspected. You can see from the announcement that the ETF was rejected and the price immediately fell, and it is possible that that moment was what the SEC was waiting for to buy Bitcoin at that price. cheap, and after that, they announced that the ETF was accepted, so the price rose quickly, as you can see, so the SEC has already benefited from this movement.
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(...)
It's just my opinion that if Bitcoin is owned by many companies centrally, that's where they have an important role to play in controlling the price of Bitcoin.
Bitcoin, as the protocol, or the network will not become centralised because of the emergence of spot ETFs. All they do is provide another way for people (and now institutions) to invest in bitcoins.
Even if the majority of bitcoins end up being held by ETFs, it's not like they can do with them whatever they want. They won't be able to dump it on the market by surprise, as the decision to sell will be made by people who invested in ETFs.
I'm not saying that the market getting dominated by ETF trading is an ideal scenario. There are some threats to it, but a lot of concerns are exaggerated.
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Yes, maybe that's the downside of Bitcoin ETF. Because no matter what, there will definitely be pros and cons. So, let's just focus on looking at the positive side of this ETF. At least the approval of this Bitcoin ETF will affect the progress and acceptance of crypto, especially Bitcoin. So this is actually good news, right? Because, this ETF opens up the opportunity for Bitcoin adoption to be even higher too. So, you don't need to think too much about the negative impacts. At least it's just a matter of consideration, but not something to be afraid of.
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Yes, maybe that's the downside of Bitcoin ETF. Because no matter what, there will definitely be pros and cons. So, let's just focus on looking at the positive side of this ETF. At least the approval of this Bitcoin ETF will affect the progress and acceptance of crypto, especially Bitcoin. So this is actually good news, right? Because, this ETF opens up the opportunity for Bitcoin adoption to be even higher too. So, you don't need to think too much about the negative impacts. At least it's just a matter of consideration, but not something to be afraid of.
Indeed, ETFs do not have a complete influence on Bitcoin price movements, but at least having an ETF is one way to make Bitcoin prices rise because more and more people will buy Bitcoin. Having an ETF can help outside traders to enter the world of cryptocurrency and buy as much Bitcoin as they want. you can and of course the purchase will be easy to do.