Article explains how BATs rule change on 3.7.17 indicates ETF approval

Denker

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Quote from: LFC_Bitcoin on March 10, 2017, 07:11:25 AM

Quote from: jacafbiz on March 10, 2017, 06:19:06 AM

I don't think it will be approved,some people are there taking their profit before the news go public. I think the rejection is the best for Bitcoin

Why on earth would an ETF rejection be good for bitcoin? Did you mean to say it'd be good for you to load up on cheap coins in the event of a price crash because you missed the train?

I think it's a two edged sword and a very thin line Bitcoin would have to go if the ETF gets approved.
Vinny Lingham wrote a great blogpost about why an ETF in the actual state could be a big risk.
It's mostly a question what whould be the right moment.

https://vinnylingham.com/preventing-another-bitcoin-bubble-98dee44e2c7c#.60xiyzqu0

LFC_Bitcoin

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Quote from: jacafbiz on March 10, 2017, 06:19:06 AM

I don't think it will be approved,some people are there taking their profit before the news go public. I think the rejection is the best for Bitcoin

Why on earth would an ETF rejection be good for bitcoin? Did you mean to say it'd be good for you to load up on cheap coins in the event of a price crash because you missed the train?

btcmerich

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Quote from: jacafbiz on March 10, 2017, 06:19:06 AM

I don't think it will be approved,some people are there taking their profit before the news go public. I think the rejection is the best for Bitcoin

why would rejection be the best for bitcoin?

jacafbiz

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I don't think it will be approved,some people are there taking their profit before the news go public. I think the rejection is the best for Bitcoin

RoommateAgreement

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Bazinga!

Quote from: FiendCoin on March 09, 2017, 08:03:00 PM

I hope it gets approved so we can move on to more pressing matters.

yeah, me too. this is being dragged on for too long and when price rises or even stays stable people aren't distracted anymore.

and besides i believe this can lead to a lot more adoption because in case of approval bitcoin (indirectly) will be officially reliable investment. regular people wouldn't just ignore bitcoin because it is digital money.

spiderbrain

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Yup, as discussed here a few days ago

Quote from: spiderbrain on March 08, 2017, 06:17:02 AM

It's exactly the same rule that BATs asked the SEC to change to allow the COIN ETF
https://www.sec.gov/rules/sro/batsbzx/2016/34-78262.pdf

so it might be the SEC approving COIN in the most understated way ever..?

FiendCoin

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The devil is in the detail.

I hope it gets approved so we can move on to more pressing matters.

BitcoinBarrel

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Quote

An obscure BATS rule change approved by the SEC at 3am on 3.7.17 paved the way for the COIN ETF's approval, and the investing public took little notice.

https://steemit.com/bitcoin/@tlogs/why-the-coin-etf-will-receive-sec-approval-a-detailed-analysis#

Topic: Article explains how BATs rule change on 3.7.17 indicates ETF approval (Read 735 times)