Bitcoin ETFs defeat the whole purpose of Bitcoin.
It was supposed to get away from all this stuff. God, why are you people so stupid? Why don't any of you get it? This is why crypto has to resort to large scale fraud to even stay afloat.
Bitcoin ETF
Sebastian Morales
Xavier Sanchez
How the fuck is an easy way for people to buy bitcoin defeating the whole purpose of bitcoin?
Ryder Cox
Wouldn't ETF hurt Bitcoin's deflationary nature?
Right now u only can trade real, physical btc, so demand increases and supply decreases because of hodlers/lost btc etc. But if ETF approved, there gonna appear tons of "fake" btc. In long term this can be bearish.
Noah James
This is letting cunts bid on hypothetical prices of btc. They don’t actually get to own any btc. How would it bad for us.
Chase Clark
everyone here is a retard brainlet. ETF HOLD the underlying asset. Therefore, if a BTC ETF was approved, the ETF managers would have to buy Bitcoin from the open market, which in turn would lower the supply of bitcoin
Ryder Young
Do you know what an ETF even is?
If derivatives can influence the price up, they can also influence the price down.
Jace Ortiz
Yes I do. So explain how it is bad. The ETF is real bitcoin. There was another that was not real bitcoin which would have been bad.
Jace Ortiz
Boomer money will flood the market
Aaron Price
It's only good if the ETF actually holds the BTC. If it's a quanto derivative then we are seriously fucked. This is how they "tamed" gold and silver. BTC will lose it's deflationary status.
Jason Brooks
but look at gold and silver etf. How much has the real price been manipulated by the etf when there are hundreds of claims per 1 ounce. This is more about institutions controlling the underlying price of btc and skimming whether it goes up or down same as it ever was