Quote from: NeuroticFish on August 12, 2018, 09:15:22 AM

Quote from: Wind_FURY on August 10, 2018, 05:42:56 AM

The future development of what? The market? I believe we are fine, and it would be better if Wall Street stayed away from Bitcoin forever.

Bitcoin ecosystem consists in businesses. We have a couple of exchanges, casinos, hardware producers and not much else.
For increased adoption we need more and more businesses incorporate Bitcoin. And for that the price has to grow substantially and not fall too much. And for that we need inflow of money.

Many projects, startups, even so-blamed ICOs are tied ultimately to Bitcoin's price. Some could die off not because the project is bad, instead, because they didn't sell Bitcoin, Ethereum, whatever to fiat in December (maybe they even had the ICO after that).

Also tangentially related: After the halving, which I know it's quite far yet, the miners will still have to stay on profit. And again, this depends on Bitcoin price.

But how would an "ETF" change all that? Bitcoin is an open system, a type of "hard money", and it is ready and welcome for anyone to use.

Bitcoin doesn't need an ETF. It is Wall Street scammers that want an ETF.

Quote

Quote from: Wind_FURY on August 10, 2018, 05:42:56 AM

The "ETF" will not bring anything "of quality purpose" for the network. It would be better to set up more retail exchanges to make it easier for every person to buy and hold Bitcoin in my opinion. Adoption.

The average Joe may be afraid to hodl if the price falls month after month.
At some point the Dogecoin community wanted to try your idea to prevent the coin fall too much and they failed. You know why? Math. How many "Joe" have to hodl and even buy more to counter somebody that can easily sell now and then 1000s of Bitcoin? Keep in mind that the average Joe has maybe 0.1 BTC, not 100s ...

Also, if literally everybody would just buy and hodl, then we would have a failed coin, with no liquidity, not adoption... Just my 0.00000002BTC

Then it is not my fault that they have failed in having a deep understanding of Bitcoin. But how would it differ from holding an ETF if the price is falling?