When the success of bitcoin will be connected with the accept of bitcoin etf, than this way is the way to centralised the decentralised market. And also it´s an extortion fact. We all know the message which are on net, where Warren Buffets says, we are in war. But it is the war, the rich against the poor.
Because the decision was postponed to the end of september, it´s enough time to drop the market down to a point, where the most will sell their coins, and bitcoin will be on the lowest price. When this happens, it could be they will allow bitcoins etf. The affect will be, that big investors will buy and the price will rise again. But most small investors will be dissapointed and angrily, and hate the coins.
The other way, bitcoin will not fall down. Than the bitcoin etf will be not accepted. This game will restart untill, the bitcoin is down, and most people are running away. Untill than the big whales will come back and make profits.
This is the art of war, i think, how the richest will win the war against the poor.
What will be the best solution for this?
Forget the etf fond for bitcoin. ETF Fonds are not the holy grale, its a trap!
And important every coin must be independent of the bitcoin. This, i think is the only way for all coins to survive! We need at last better exchanges or new ways.
It´s the time for changes, now!
This ETF is a saving grace for humanity for a decentralised future
When etf is possible now, and the market is falling down, like now,complete. Where is the winning factor of etf? It´s the same, when i invest in single coins at time. Because all coins are connected to bitcoin, other to ethereum and so on. Etf is not the holy grail, not under this conditions at time. There is at last no different.Every coin has to become independent from others.Only then do etf make sense. So, the discussion is senseless, whether etfs or not. This is not the solution! The only solution i think, is you can buy and sell with dollar or euro every single coin directly. No changes to bitcoin, ether and others and than to dollar or euro. That´s why i mean the exchanges are the problem, not the coins!
If the coins work just like the fiat money system, what are the coins good for? then they are superfluous and we can return to fiat money again. The most biggest mistake is to copy the fiat system, to become serious. This only will be the end of all coins. That´s my opinion! Coins must be different than fiat money. Not a replacement, but a supplement or something completely new. But at time coins will go the same way like fiat money. That can not be the right way. At the beginning, we all love bitcoin, litecoin, because this was something new, different than the exist fiat money system. That´s why it becomes legendary. That´s what most people has forgotten. When there is no different to fiat money system and shareholders, why someone should use it?! Than it will be better to trade the fiatmarket, because it´s more stable than coins. And at last, the fiatsystem is broken at time. Is this a good way to copy this all?! We must change our mind, and think different.