Aug 23 ETF Deadline... - page 2. | Bitcointalksearch.org

nl247

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Quote from: flowers5 on August 21, 2018, 10:09:47 PM

I have been researching this topic a bit over the last few days. Most people think this one will be rejected by the SEC. Most also believe this one is not as viable as the WinkVoss proposal. Not sure how the markets will react.

I really do not expect the market to have any strange behaviour based on any ETF proposal rejection. As far as I am concerned, the market is still in a downtrend and it is meant to still find a bottom eventually anyway, and from the sentiments in the market, we all know it is very bearish whichever way.

This may fuel it up a little bit or not, but there is no point laying so much emphasis on the ETF proposal like it is actually what would make the market what it would be eventually. Probably, it may be used by some to generate FUD in the market, but what is important for me and what has been important is picking the dip once it arrives like a hungry lion.

El duderino_

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Quote from: pooya87 on August 21, 2018, 10:03:39 PM

Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

but if it is rejected, won't it have a pretty nasty impact on the market?

last one that got rejected was from Winklevoss brothers and that was hyped up and price fell a little, there was no "nasty impact" and that drop was mainly because the FUD was telling people ETF was rejected completely and it is is the end of the world Cheesy

this new one is not even heard of. its rejection shouldn't even be heard. not to mention that people are starting to be convinced that ETFs are never going to be approved by SEC. and i think this upcoming rejection is a good thing because it will make more people believe ALL of them will be rejected soon.

yeah after a rejection it will get less and less impact just like the china FUD nothing has a real impact on BTC it are just tools to get the price lower

wuvdoll

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Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

Sell or HODL before Aug 23? Thoughts on the impact of the BTC market ? Will it be approved or rejected...?

Hmmm...

I am a believer in HODLING... been doing so since the market crash... but if it is rejected, won't it have a pretty nasty impact on the market?

https://www.coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/

I say hold for now, bitcoin is already quite cheap comparatively speaking. And we do not have any ETF right now to bitcoin's name so if etf gets rejected that means we still don't have any ETF with bitcoin as well. Nothing changes in our life it gets rejected. Moreover, if it gets accepted that means there are BILLIONS of dollars put into bitcoin which will increase the price insanely. So there is actually nothing bad that could happen with this, either we continue as we already are, or we go up, not downside. Considering price is also insanely low than there is no reason not to hold, even buy more at this point.

adaseb

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I've been awaiting all these ETF decisions from years now and starting with the Winkovoss ETF and its always the same story.

At first it gets delayed... then delayed again... then delayed again and then when its out of delays.... it get rejected.

Sometimes its rejected early and sometimes right at the last minute. However its always rejected.

I think 99% of people know it will get rejected but the whales are using this opportunity to allow market manipulation. Basically what happened about 2 weeks ago with the CBOE ETF delay, I think BTC lost almost $1000 2 days later after the delay...which we all knew was a given.

exstasie

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Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

Sell or HODL before Aug 23? Thoughts on the impact of the BTC market ? Will it be approved or rejected...?

We're gonna play this game all year, aren't we? I see price is trudging upwards heading into the decision: is this another "buy the rumor, sell the news" situation? That's what it looks like, unfortunately.

I think to myself, "Can the market really be dumb enough to keep falling for this?" Then I remember all the times China "banned Bitcoin" and the market subsequently sold off. Roll Eyes

dlhezter

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Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

Sell or HODL before Aug 23? Thoughts on the impact of the BTC market ? Will it be approved or rejected...?

Hmmm...

I am a believer in HODLING... been doing so since the market crash... but if it is rejected, won't it have a pretty nasty impact on the market?

https://www.coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/

I will wait for the results before making a decision for now I will hold my hodlings, but hoping that it would be accepted so that the value of bitcoin would not crash at the moment let's find hope for this, so we can move for another support of 10000$ and the bull would start and the bear season would end and everyone will be back on their track.

close up

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Hopefully, it won't get approved because I need to make a profit in this situation of the market since the dump at 10000$

GhostWithin

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Quote from: coinwizard_ on August 22, 2018, 01:49:44 AM

The previous rejection didn't have a huge impact but gemini have been unsuccessful before so no-one expected them to succeed anyway. This won't be the last application so a rejection won't end bitcoin, but it will delay the next bull run

That's for sure. We are waiting for a whole series of rejections, which will definitely affect the price, but will not kill BTC.

yatsey87

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I thought the decision was next month in September not this one?

https://www.coindesk.com/sec-delays-vaneck-solidx-bitcoin-etf-decision-to-september/

Quote from: coinwizard_ on August 22, 2018, 01:49:44 AM

The previous rejection didn't have a huge impact but gemini have been unsuccessful before so no-one expected them to succeed anyway. This won't be the last application so a rejection won't end bitcoin, but it will delay the next bull run

The one last month did. A denial is never going to be good for the price because people always panic like idiots.

Buttermellow

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Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

Sell or HODL before Aug 23? Thoughts on the impact of the BTC market ? Will it be approved or rejected...?

Hmmm...

I am a believer in HODLING... been doing so since the market crash... but if it is rejected, won't it have a pretty nasty impact on the market?

https://www.coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/

Probably it will be approved it seems that cryptocurrency is already ruled out in every country and there is a huge possibility of approval since the system is already running on every country. If i were you taking already the risk here in cryptocurrency means that you have to endure it and earn well in the near future.

coinwizard_

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The previous rejection didn't have a huge impact but gemini have been unsuccessful before so no-one expected them to succeed anyway. This won't be the last application so a rejection won't end bitcoin, but it will delay the next bull run

Wakkocu

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In the span of this week, the SEC must come to a lasting decision on two specific ETFs, finalizing whether it is approved or disapproved them, Decision will effect to the current market I think so ETF will reject this time also

Baofeng

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Quote from: mk4 on August 22, 2018, 12:33:57 AM

Quote from: mobnepal on August 22, 2018, 12:24:52 AM

Don't we have many etf rejection before? Does that have any real impact on market? I think no not any recognizable and right now bitcoin is still under oversold position so going any large dip from current price range is quite unlikely even if there will be really bad news for crypto.

I think it's still a buy time and gonna buy more if price will dive below $6k again.

Not sure about your definition of "real impact", but it definitely impacts the market significantly. On the past ETF we had a price bump before the deadline, and the price dipped when everyone knew that the ETF decision was postponed. I'm expecting the same to happen soon(no guarantees though, as usual).

Definitely has a impact but the dent will be short live. I'm having mix emotions as well but if ever SEC rejects this proposal, another good opportunity for everyone to purchased again. And to OP, would rather hold and then buy some if the market reacts negatively to another ETF rejection.

mk4

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Quote from: mobnepal on August 22, 2018, 12:24:52 AM

Don't we have many etf rejection before? Does that have any real impact on market? I think no not any recognizable and right now bitcoin is still under oversold position so going any large dip from current price range is quite unlikely even if there will be really bad news for crypto.

I think it's still a buy time and gonna buy more if price will dive below $6k again.

Not sure about your definition of "real impact", but it definitely impacts the market significantly. On the past ETF we had a price bump before the deadline, and the price dipped when everyone knew that the ETF decision was postponed. I'm expecting the same to happen soon(no guarantees though, as usual).

mobnepal

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Don't we have many etf rejection before? Does that have any real impact on market? I think no not any recognizable and right now bitcoin is still under oversold position so going any large dip from current price range is quite unlikely even if there will be really bad news for crypto.

I think it's still a buy time and gonna buy more if price will dive below $6k again.

Juggy777

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Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

Sell or HODL before Aug 23? Thoughts on the impact of the BTC market ? Will it be approved or rejected...?

Hmmm...

I am a believer in HODLING... been doing so since the market crash... but if it is rejected, won't it have a pretty nasty impact on the market?

https://www.coindesk.com/sec-faces-thursday-deadline-for-proshares-bitcoin-etf-decision/

If you believe in holding your coins then you should not be worried at all. I have never heard of this etf, and I believe it's rejection will barely cause any fluctuations in the prices. It's also pertinent to note that the market has already discounted, the possibility of all etfs being rejected so in the event it's rejected we might see small fluctuations only. I'm more excited for Cboe etf I'm sure it'll be accepted, the only question is when.

qiwoman2

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I think it will be declined as usual and IF this ETF were approved it wouldn't benefit us hodlers in the long run as it will be determined and governed by Bitcoin futures, which have been one of the primary reasons the price of Bitcoin and all Altcoins got rekt in 2018. I am sure we will see a lot of tethering again tomorrow and Bitcoin bleed again by some 10% because as we all know the market doesn't behave rationally at all. So many other good things happening in the crypto space right now have no effect on the prices, only FUD and bad news move the market in a bear cycle.

FlexBrah

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The more significant date is 30 September. The approval is more likely to get at the CBOE, we are waiting

aoihs00

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Quote from: pooya87 on August 21, 2018, 10:03:39 PM

Quote from: BitCaptcha on August 21, 2018, 09:45:21 PM

but if it is rejected, won't it have a pretty nasty impact on the market?

last one that got rejected was from Winklevoss brothers and that was hyped up and price fell a little, there was no "nasty impact" and that drop was mainly because the FUD was telling people ETF was rejected completely and it is is the end of the world Cheesy

this new one is not even heard of. its rejection shouldn't even be heard. not to mention that people are starting to be convinced that ETFs are never going to be approved by SEC. and i think this upcoming rejection is a good thing because it will make more people believe ALL of them will be rejected soon.

Great so lets get ready for the "little" dump and nothing else. I believe that will also come from the people who are "too panicked" and doesnt understand what does it take to hold the bitcoin in place.

One thing is sure, whatever might be the decision of ETF, the rest of the world is not going to wait after that day and everyone may just start to crawl in slowly so that the market will get to recovery zone.

Just thinking that way until now.

mk4

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I'm not saying it's going to be declined, but I'm not THAT confident as of now. I'm unloading a small amount of BTC for now just to protect me a bit if it drops, just to slightly reduce the risk. There's definitely also a good chance that it's going to be approved though. Probably worst case scenario it gets postponed like the previous ETF.

Topic: Aug 23 ETF Deadline... - page 2. (Read 584 times)