11th March, SEC approve or not bitcoin in ETF

afbitcoins

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Quote from: pitham1 on February 19, 2017, 02:27:29 AM

Quote from: afbitcoins on February 18, 2017, 06:46:08 PM

In the long run I think probably better not to have any ETFs. Maybe they are inevitable though. As long as the ETF holdings are transparent on the blockchain they will stay honest, but will that be the case?

Why not? What difference does it make whether people buy and sell bitcoins directly or through the ETF?
The ETF would result in new investors coming to Bitcoin and that is a positive.

Those lazy ass noobs won't be holding bitcoins they'll be holding IOU notes. Its easy to make IOU notes, as many as they want, not easy to mint real bitcoins

alyssa85

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Quote from: Denker on February 20, 2017, 12:26:55 PM

Quote from: 1Referee on February 20, 2017, 06:57:52 AM

SEC also fights against trading with insider information, which makes me directly wonder whether or not a few of these employees will open up positions in Bitcoin as they basically before everyone else know that it is going to be approved (in case it does get approved). I definitely wouldn't be surprised if that happen to be the reality. SEC is nothing more than a joke with how they operate and "guard" the market.

The same also works in the other direction.
Guys with an information advantage might also place some big short positions in case the ETF gets rejected.

Some speculators will definitely take some profits around 8th March, just in case the ETF is rejected.

It is worth remembering that the Winklevoss ETF is not the only one under consideration, there are two others.

RodeoX

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The revolution will be monetized!

If you want it to happen, this would be a good time to contact the SEC.

https://www.sec.gov/contact.shtml

Denker

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Quote from: 1Referee on February 20, 2017, 06:57:52 AM

SEC also fights against trading with insider information, which makes me directly wonder whether or not a few of these employees will open up positions in Bitcoin as they basically before everyone else know that it is going to be approved (in case it does get approved). I definitely wouldn't be surprised if that happen to be the reality. SEC is nothing more than a joke with how they operate and "guard" the market.

The same also works in the other direction.
Guys with an information advantage might also place some big short positions in case the ETF gets rejected.

bamboylee

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Quote from: simadr on February 18, 2017, 05:56:18 AM

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

We can only speculate. but you are free to invest now. Most are speculating that bitcoin is still under priced so with or without ETF approval, there will still be a boom in price. If you keep on waiting for the right price, you might miss your opportunity.

1Referee

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SEC also fights against trading with insider information, which makes me directly wonder whether or not a few of these employees will open up positions in Bitcoin as they basically before everyone else know that it is going to be approved (in case it does get approved). I definitely wouldn't be surprised if that happen to be the reality. SEC is nothing more than a joke with how they operate and "guard" the market.

LFC_Bitcoin

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Quote from: arbitrage001 on February 19, 2017, 10:29:10 PM

Market pricing the odd at around 38%

Think I saw it at less than 30% chance of approval some time ago. A 38% chance isn't too bad if that's what we're looking at now.

arbitrage001

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Market pricing the odd at around 38%

rogerwilco

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The moment of truth isn't when the SEC rejects Bitcoin, it's when Bitcoin rejects the SEC.

MiladMax

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I don't think they approve ETF also i'm not expecting a big price drop as well.

Denker

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The chance for an approval is imo not very likely.
I can not imagine SEC giving thumbs up.
Not sure what the market expects to happen, but a decline in price by an negative announcement is the most likely outcome.
Maybe down to 800 or so.No idea.Just wild guessing.But I'm sure the shorters are already prepared and waiting!

RoommateAgreement

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Bazinga!

Quote from: simadr on February 18, 2017, 05:56:18 AM

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

if you want to invest in bitcoin, the only thing tha you need to know about bitcoin is that its price is rising and it is going to rise because there will always be an increasing amount of demand for bitcoin and the supply is not rising with the same rate and it has a cap.
the ETF you are talking about will cause this demand to rise at a higher rate which means a faster price rise for bitcoin specially in short term.

pitham1

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Quote from: afbitcoins on February 18, 2017, 06:46:08 PM

In the long run I think probably better not to have any ETFs. Maybe they are inevitable though. As long as the ETF holdings are transparent on the blockchain they will stay honest, but will that be the case?

Why not? What difference does it make whether people buy and sell bitcoins directly or through the ETF?
The ETF would result in new investors coming to Bitcoin and that is a positive.

cengsuwuei

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what is effect to bitcoin price is sec can rejected about bitcoin
but is during 2009 - 2017 sec and ETF not supported bitcoin, bitcoin still run and no problem in transaction

numismatist

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Quote from: alyssa85 on February 18, 2017, 09:46:50 AM

The current increase in price is down to speculators buying because they think the ETF might be approved. Of course they might take profits as we get nearer the decision.

It is also possible that the SEC does not make a decision but instead postpones it again, asking for further information.

As a result of that those processes do repeat, just another speculators wave to ride following up. Aren't we all happy about that?

afbitcoins

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In the long run I think probably better not to have any ETFs. Maybe they are inevitable though. As long as the ETF holdings are transparent on the blockchain they will stay honest, but will that be the case?

cellard

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Quote from: simadr on February 18, 2017, 05:56:18 AM

Hi everyone,

I have read that the 11th March is the deadline for the SEC ( Security and Exchange Commission ) to approve... or not Bitcoin in ETF ( Exchange Trade Fund ). What does that exactly mean for Bitcoin? Will there be a boom in prices if it is approved? Will there be a drop if it is rejected? Or nothing?

Thanks for your opinions. I am looking forward to invest many bitcoins but i would actually see whenever it has the best price before a next boom.

We may not see a drop if the ETF is not approved, just like we didn't see a drop recently after PBOC launched another missile after they claimed they would delay withdraws for more time.

Bitcoin is growing up to be independent. If there is no ETF, we may dip a bit, or nothing at all, but if you have shorts set, and we pump really hard, you will go broke, so caution with those shorts.

Grdas130979

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The truth is out there

I suppose as we close to 11 March, the talk will grow bigger, its a very interesting moment for BTC. I would like to read everything about the desision no matter if it is approved or not.

rogerwilco

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Quote from: Slow death on February 18, 2017, 09:33:05 AM

I saw this theme in Coindesk days ago

Interesting article because they make impact analysis that the price would suffer

Read the article here

http://www.coindesk.com/charts-etf-approval-impact-bitcoins-price/

This article essentially says that an ETF rejection would not impact the price. Or at the most, cause it to return to the support line at $900.

To me, this is far more reasonable than people speculating it would drop to $700 or even $500. The upside of approval is that NEW money will be flowing in, but in the case of rejection, a dump would require OLD money to flow out. In this scenario, new money would simply never enter the market and thus never impact the price. So any premonition about a dump is a claim that only concerns old money. Sure, maybe some of it is trying to flow in now to get in before the ETF money does, and therefore would leave again once it's rejected. But how prevalent is that sentiment really? I've never heard anyone say "I'm buying bitcoin strictly in the hopes of rapid appreciation in case there's an ETF." Most people are in for other reasons, whether they be short term traders, long term hodlers, miners, etc.

BrewMaster

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There is trouble abrewing

i can't possible tell you for sure about whether or not they are going to approve the ETF but i am almost certain about one thing. and that is the price rise that can come because of the approval.
this particular thing has been the hot news of late and everywhere you look people are talking about it and getting their hopes up. and this alone can cause a rise.

- don't expect moon though!

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