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Topic: Aug 23 ETF Deadline... - page 3. (Read 584 times)

member
Activity: 192
Merit: 10
August 21, 2018, 10:09:47 PM
#5
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. 
legendary
Activity: 3472
Merit: 10611
August 21, 2018, 10:03:39 PM
#4
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.
hero member
Activity: 3080
Merit: 603
August 21, 2018, 10:01:19 PM
#3
Sell or HODL before Aug 23?
I'm a solid holder so it doesn't matter to me whatever will be the outcome of this proposal.
Thoughts on the impact of the BTC market ?
As expected, this is going to bring in confidence and will attract more investors.
Will it be approved or rejected...?
Who knows? let's just wait for the final result, if it's approved then good but if its rejected, good as well as expected.
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
August 21, 2018, 09:56:43 PM
#2
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/

 

The general sentiment is that the VanEck/SolidX ETF is the most legit and most likely to be approved out of any of the other proposals. I personally feel the same way, and I think it is pretty likely that the Proshares proposal will be rejected. As for the market reaction? There definitely would not be a huge crash or major market reaction. Maybe there would be a small dip in price but that's all. Honestly, I think most speculators that are waiting for an ETF are placing their bets on the Solidx proposal. If that one was denied, I'm sure there would be a much stronger market reaction.
member
Activity: 168
Merit: 10
August 21, 2018, 09:45:21 PM
#1
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/

 
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