Quote from: rickadone on December 12, 2018, 02:55:05 PM

Quote from: Epokicecool on December 11, 2018, 06:01:20 PM

So we all knew the SEC were going to delay the ETF decision again, however this will be the last time they can delay it, and a decision will be made sometime before February 2019. How do you guys think this will affect the price of btc and crypto overall. Will it have as strong impact as last year when the big guys jumped the future train?

I doubt it will have a huge impact on the price whatever the outcome is. The price could go up or down but nothing major, we have seen bitcoin lose almost %50 in value this past month and considering that type of drop I doubt there will be a 80%+ increase in price even if SEC accepts the ETF. That is a more long term investment instead of a short term gain.

We need the ETF to just make bitcoin more legal and more legit, not just put money in it but also tell the world Bitcoin is here to stay and not going to leave anytime soon. With something like ETF it is highly unlikely that bitcoin is a "tech project" of someone, it actually proves that bitcoin is a big deal and it will be a world changing thing in near future.

Hence, I think we need ETF to be accepted for long term benefits but short term gains won't be big enough to matter.

You sir are correct, for longterm growth we most definitely need a major player like the SEC to acknowledge btc. I am more optimisic on price than you are though, as I do believe an approval would spike the price. As we dropped so low this year I do think at least a 100% increase is not too hard. But we shall all see how it plays out.