Topic: Bitcoin is Rejected : ETF - page 2. (Read 1824 times)
There is nothing can be done this time since it was already rejected, but nothing is going to happened as you can see the price is not fall to low and now already bounce back and become more expensive, so nothing to worry
as if it was the first or the last time ETF was rejected
it has been three or more iterations already,why this had to make any substantial impact on the market price?
at least this time analysts that were giving 30% chance of approval were right for a change
lets wait for the next application by Winklewoss
it has been three or more iterations already,why this had to make any substantial impact on the market price?
at least this time analysts that were giving 30% chance of approval were right for a change
lets wait for the next application by Winklewoss
Reason :
Bitcoin need more time to Mature + Need to control over this currency
Bitcoin need more time to Mature + Need to control over this currency
I agree but how long a time are we talking about? We need solutions to fix pressing issues and not waiting times.
What a big fucking surprise. A lot of people involved in the decision making probably doesn't understand how it works anyway. Moving along.
Because they now have the ability to control production of their currency to influence inflation and postpone a recession to their advantage whether it be for international affair purposes or internal....with a standardized cryptocurrency the power goes to the people completely....and this can be a good or bad thing for the people but most definitely bad for the government.
Bitcoin ETF was rejected is not end the world, still there are value in bitcoin,
bitcoin's price down it is just fluctuation and be needed by traders for making profit,
bitcoin will be survive without approval because the bitcoin depend on the comunity.
correct. I think bitcoin rejection occurs only this once. perhaps when at another time, perhaps in a few years from now, the ETF will be received. Well, it may take five years or less. I believe they are also currently using bitcoin, but I guess they think that bitcoin is currently not enough to be accepted in society. bitcoin's price down it is just fluctuation and be needed by traders for making profit,
bitcoin will be survive without approval because the bitcoin depend on the comunity.
What a big fucking surprise. A lot of people involved in the decision making probably doesn't understand how it works anyway. Moving along.
I'm sure they understand it perfectly. But if cryptocurrency becomes the norm, they lose all control.
Currently they have the power to influence interest rates and adjust the printing of USD to control the inflation in the US. Through this they can post-pone inflation or a recession. This can be played in their advantage in international affairs as well as domestic and if they standardize Cryptocurrency they lose their most powerful weapon, the economy.
why bitcoin rejected ETF,, 
eft rejected bitcoin not the contrary man, they rejected bitcoin mbecause it's not amture enough for them, not enough regulation, that can make investors risk their money, they said they want to protect investors from risky ivnestments
Bitcoin ETF was rejected is not end the world, still there are value in bitcoin,
bitcoin's price down it is just fluctuation and be needed by traders for making profit,
bitcoin will be survive without approval because the bitcoin depend on the comunity.
bitcoin's price down it is just fluctuation and be needed by traders for making profit,
bitcoin will be survive without approval because the bitcoin depend on the comunity.
The market price of bitcoin could have pump up if the American security and exchange commission decision or news was in favour of ETF Application. The reason given why ETF could not be approved was not strong enough to affect the bitcoin market price negative as the price has regain it strength after two days.
What a big fucking surprise. A lot of people involved in the decision making probably doesn't understand how it works anyway. Moving along.
The aftermath can be seen by looking at the altcoins. They're rising in price very fast, which makes me want to invest in a few of them some dozens of bucks. At the same time I am pretty worried because this could be a bubble that could burst. Remember Bitcoin's 2013 rally? This might be a move made by people scared of this decision because they have no idea where the Bitcoin price will be driven. You know, when you're scared you don't really make the best decisions so you do the first thing that comes up in your mind. People are changing from Bitcoin to altcoins, either partially or totally.
I do not know why you called altcoins rising as aftermath of Bitcoin ETF being rejected. I just can not see the dot that connects the two event. Aside from that not all altcoins are rising only a few of thousands of altcoins out there are increasing in price. And how could they be sure that an altcoin is a better choice than Bitcoin? Bitcoin economy is way better than any altcoins in the market. I would have understand if people converted BTC to fiat currency or any other stocks than cryptocurrency.
The aftermath can be seen by looking at the altcoins. They're rising in price very fast, which makes me want to invest in a few of them some dozens of bucks. At the same time I am pretty worried because this could be a bubble that could burst. Remember Bitcoin's 2013 rally? This might be a move made by people scared of this decision because they have no idea where the Bitcoin price will be driven. You know, when you're scared you don't really make the best decisions so you do the first thing that comes up in your mind. People are changing from Bitcoin to altcoins, either partially or totally.
Bitcoin is rejected, but it happened opposite to the prediction made by most users as well digital currency enthusiasts. But to the same opposite to the prediction of price drop the price have been moving forward around $1200+
Price dropped dramatically for the first 24 hours then started to recover. We can say that the rejection have short lived impact to the Bitcoin price. And the recovery show that with or without ETF, Bitcoin can thrive. We can see it on how Bitcoin Price is staying at above $1150.
why bitcoin rejected ETF,,
Mostly because of the history of being unregulated and the inconsistent stance of the proposal on Fund securities.
why bitcoin rejected ETF,,
Bitcoin is a level playing field. Cheat, lie and stealing doesn't work. Maybe government should try something other than cheating, lying, and stealing.
ETH and DASH is pumping hard after the ETF got declined, other than that there is no reason for them to pump like this. The one who are buying at the peak price should be careful about the upcoming dump from whales.
Bitcoin have really good support at $1200 level so we can expect another bull run and blood bath for alts.
Bitcoin have really good support at $1200 level so we can expect another bull run and blood bath for alts.
You are late to post this OP. Much have already been discussed about this ETF getting disapproved including the effects/non-effect to the price and moving on with the other ETFs to come.
Well, it is a shame making such opportunities with bitcoin, though we can still continue this simple network with us simple users. Bitcoin may be accepted in the future, it just not now, and even if it did not accepted again in the future, still be using it.
Why do we need the government's support anyway? Bitcoin is an underground project which needs to stay underground. Making it mainstream may pump the price for a short time but in the end it will do only harm. When the average stupid Joe's start to use bitcoin and lose their life savings they will blame that who made it legal to use. In the end, the govs who made it legal will eventually ban it. This shit is not for average people.
The bridge needs to be gapped between Fiat and digital currency. ETF will accept bitcoin, it's just a matter of time.
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