Topic: 9 Bitcoin ETF Proposals rejected today ! (Read 273 times)
Investors seem have matured regarding the series of ETF rejection. Their don't mind anymore if ETF will be rejected or will be approved. It seems they just want to move on and already accept the fact that ETF is not meant to be for now. As a result, bitcoin is gaining momentum and continues to increase in price.
It just seems like a type of manipulation by the SEC. There is this nasty game that the price of BTC are reduced on purpose and are made as low as possible to bag them as much as they could. But on another note, ETF might get approved.
The SEC is shaking the market through the ETF. It will be good if this ETF event is over.
Shaking? most likely that it was just a hyped by other investors and now that the overhype was gone it did not bother to influence the bitcoin price and now it is going back to $7k despite this all rejection to this ETF prove that all those people fomo are gone by now, I hope the price will stabilize to $7k then we can move forward to another leap of $8k slowly but surely till December.
Most of the people has started to believe that SEC will not approve the ETF of bitcoin which will be announced in this coming month. Now, after the rejection of 9 proposals the price didn't change much still now. So we can consider that the price will not fall as much as we thought for rejecting the proposals.
It has been hours since the news about the rejection of the ETFs was out yet there is no considerable price movement for Bitcoin as of right now. This only means that either the hype on news about ETFs is over is the news about ETFs in the first place really don't have an effect on Bitcoin's prices at all. As to answer your question I don't think the news will be the one who will affect the prices of BTC now as its technicals still look bearish and it might just be coincidence if it goes down this time.
I guess if the price was about $7k and more, we would now see it comoing down to $6k something. The fact that the price is not going down means that bitcoin has reached its bottom. Bad news affect the price set previously by those hyping newbies. This price seems to be what most of community strongly believes in, so it just can't go down any further. As for etfs, this SEC thing is very conservative and stability-oriented. It doesn't want to get involved into things it doesn't fully comprehend and cannot take under control. I guess it's okay they don't accept bitcoin, because it's not meant to be traded anyway. It is meant to be used as money, not as stock.
the refusal is not based on an assessment of the practical significance or value of bitcoin and the technology of blockade in the broad sense
The SEC is shaking the market through the ETF. It will be good if this ETF event is over.
I think, today the SEC only rejected two proposals from proshare, SolidX and VanEck. and of course, this is very bad information for crypto users.
and in September the SEC will make a decision for the Dirextion and GraniteShares.
I hope the SEC will take good respond in the next month.
and in September the SEC will make a decision for the Dirextion and GraniteShares.
I hope the SEC will take good respond in the next month.
SEC Rejects 9 Bitcoin ETF Proposals thats a sad news today as on 23 August 2018 which was brutally rejected all 9 propasals of trading exchanges which we all hoping will be excepted but at last its rejected and btc will keep falling more down for sure !
what u think will btc will keep going down now cause of this news !
IMO, this is a good thing because it will keep all those who are panicky and not having full faith in bitcoin. At this stage of development, we really need steadfast bitcoin followers, not those that are swayed by FUD. what u think will btc will keep going down now cause of this news !
From all indication it is like the cryptocurrency traders are mature towards reacting to some bad news concerning cryptocurrency nowadays. The community is getting stronger and immune against FUD.
I also think that this news are not news to the big investors.It was priced before the decision.I don't see bitcoin going down below 6k but what do I know.If it goes down than more for me.
SEC Rejects 9 Bitcoin ETF Proposals thats a sad news today as on 23 August 2018 which was brutally rejected all 9 propasals of trading exchanges which we all hoping will be excepted but at last its rejected and btc will keep falling more down for sure !
https://www.youtube.com/watch?v=25SsCCCwmz8
It has been hours since the news about the rejection of the ETFs was out yet there is no considerable price movement for Bitcoin as of right now. This only means that either the hype on news about ETFs is over is the news about ETFs in the first place really don't have an effect on Bitcoin's prices at all. As to answer your question I don't think the news will be the one who will affect the prices of BTC now as its technicals still look bearish and it might just be coincidence if it goes down this time.
I guess if the price was about $7k and more, we would now see it comoing down to $6k something. The fact that the price is not going down means that bitcoin has reached its bottom. Bad news affect the price set previously by those hyping newbies. This price seems to be what most of community strongly believes in, so it just can't go down any further. As for etfs, this SEC thing is very conservative and stability-oriented. It doesn't want to get involved into things it doesn't fully comprehend and cannot take under control. I guess it's okay they don't accept bitcoin, because it's not meant to be traded anyway. It is meant to be used as money, not as stock. 
SEC Rejects 9 Bitcoin ETF Proposals thats a sad news today as on 23 August 2018 which was brutally rejected all 9 propasals of trading exchanges which we all hoping will be excepted but at last its rejected and btc will keep falling more down for sure !
what u think will btc will keep going down now cause of this news !
what u think will btc will keep going down now cause of this news !
We can clearly see how imaginary is the bitcoin price actually. Because it is based on speculation and on events rather than on real adoption. We are still early in the game and if they don't want to allow ETF, that's fine. When windowless proposal was rejected I honestly haven't had much hope for this one. Eventually ETF is going to get approved but for that, more time needs to pass for the market to become more mature.
My hope and I believe will be the hope of many people. This will not affect the price of bitcoin and altcoin too much. For some reason, it seems that the SEC is very difficult to give permission to the bitcoin ETF
what u think will btc will keep going down now cause of this news !
Ehh. I think the community became quite numb already on the ETF rejections and postponements. So I think the effect on market price would only be significantly smaller compared to the effect we had with the Winklevoss ETF(which was quite significant; assuming that the dip in price was mainly because of the Winklevoss ETF rejection).
Guess what though. Probably more ETFs would be denied/postponed!
I think it will not influence a lot. Of course it is unhappy for cryptocommunity but the main ETF proposal is not rejected (from CBOE) so we can still expect great news
Who cares even market quite numb already! I thought we would see some upward movement until the 23th, but unfortunately Bitcoin ETF Proposals rejection today, followed by a rapid drop towards the 5.8k-6k support. I think it's enough to discuss rather we might just see forward.
SEC's decision on ETF is not the primary factor that affects the bitcoin price. Instead, it is the investors susceptibility that bitcoin would be useless without ETF. But, they didn't realize that even without ETF bitcoin will survive. These investors are just very skeptical about these. However, investors were apparently realizing the situation and go back to being positive with the market with or without ETF.
https://coinmarketcap.com/
BTC $6464 -1.47%
So far the influence is limited, as some colleagues have pointed out
I think the market has been tested for this news a lot
it is does not seem to respond much to the negative news
that's good.
BTC $6464 -1.47%
So far the influence is limited, as some colleagues have pointed out
I think the market has been tested for this news a lot
it is does not seem to respond much to the negative news
that's good.
Jump to: