Topic: Bitcoin price after another ETF rejection by US SEC - page 2. (Read 631 times)
This ETF rejection wasn't the actual reason for the price fall of BTC because there wasn't much hope of it being approved. However, September decision may be a game changer for BTC and we might see a new high if ETF is approved and good thing is that even if they reject it again then only a small downfall in price is expected.
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
That ETF should be changes in the abbreviation WTF since it has nothing to help crypto but false information and misleading,majority of the noob in this forum believe that this will give great growth ,but again nothings happen but rejection..
Market can grow without the ETF because we can help market to bloom,and not this false informations
Yes, we may not need to join the ETF, but if the ETF can pass the audit, it will bring more investors to the market and let more people know the existence of the coin market!
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
Traders are becoming used to this ETF issue and I think that is why many of us are not dumping like before. Bitcoin has sofa a major dumped some months ago and we are seeing corrections now and I believe with ETF or no ETF the bull will resume. In the coming months, they are 9 ETFs are there for approval awaiting from US SEC hopefully we can expect a positive outcome from Sec re-approval thought
If you aren't psychologically ready to take another 9 ETF rejections by the SEC then you aren't going to do well in bitcoin. The only way to keep a strong hand and don't do anything stupid is if you stop expecting that the ETF will ever pass. Assume the SEC doesn't have an incentive to pass it and move on with your life, bitcoin will do well without the ETF, hard money always wins in the end, the ETF passing would only speed up the rocket.
Agree with your statement mate, yes bitcoin will do well without ETF. It is not bad for now bitcoin will increase even ETF was rejected that we expect that after rejection ETF will have an effect to the bitcoin and it might sink the price in the market. But their prediction was wrong that ETF will have a big impact if it is approved by SEC. One thing that comes up in my mind, before bitcoin pumped up the price last year without ETF so there's no reason that it will not happen again.(IMO)
Of course it will happen again without an ETF, it's just things will be different this time around, it could take longer. At the beginning of 2017, that's when the price was starting to slowly rise. A lot of people heard about Bitcoin through friends/family that wouldn't stop talking about it (me being one of the talkers). They heard about how everyone that was holding Bitcoin was making money, so they bought some to get in on the money making machine. That is what really caused the bubble last year, that and the massive amount of media coverage.
Now that everyone knows about Bitcoin, in my opinion, the rise back to $20k will take much longer without an ETF. With an ETF approval, I think that very well would cause a short term pump which would help initiate the next bull run.
If this will be successful in the near future of bitcoin, and with respect to ETF or something that made the world of bitcoin more precious. Bull run will be happening as long there's a potential increase in demand which could trigger people at a certain situations. Nothing to worry all about, because this plans will have to provide an assurance of digital currency to be more sustainable to the public so that the adoption will become more in demand.
In the coming months, they are 9 ETFs are there for approval awaiting from US SEC hopefully we can expect a positive outcome from Sec re-approval thought
If you aren't psychologically ready to take another 9 ETF rejections by the SEC then you aren't going to do well in bitcoin. The only way to keep a strong hand and don't do anything stupid is if you stop expecting that the ETF will ever pass. Assume the SEC doesn't have an incentive to pass it and move on with your life, bitcoin will do well without the ETF, hard money always wins in the end, the ETF passing would only speed up the rocket.
Agree with your statement mate, yes bitcoin will do well without ETF. It is not bad for now bitcoin will increase even ETF was rejected that we expect that after rejection ETF will have an effect to the bitcoin and it might sink the price in the market. But their prediction was wrong that ETF will have a big impact if it is approved by SEC. One thing that comes up in my mind, before bitcoin pumped up the price last year without ETF so there's no reason that it will not happen again.(IMO)
Of course it will happen again without an ETF, it's just things will be different this time around, it could take longer. At the beginning of 2017, that's when the price was starting to slowly rise. A lot of people heard about Bitcoin through friends/family that wouldn't stop talking about it (me being one of the talkers). They heard about how everyone that was holding Bitcoin was making money, so they bought some to get in on the money making machine. That is what really caused the bubble last year, that and the massive amount of media coverage.
Now that everyone knows about Bitcoin, in my opinion, the rise back to $20k will take much longer without an ETF. With an ETF approval, I think that very well would cause a short term pump which would help initiate the next bull run.
In the coming months, they are 9 ETFs are there for approval awaiting from US SEC hopefully we can expect a positive outcome from Sec re-approval thought
If you aren't psychologically ready to take another 9 ETF rejections by the SEC then you aren't going to do well in bitcoin. The only way to keep a strong hand and don't do anything stupid is if you stop expecting that the ETF will ever pass. Assume the SEC doesn't have an incentive to pass it and move on with your life, bitcoin will do well without the ETF, hard money always wins in the end, the ETF passing would only speed up the rocket.
Agree with your statement mate, yes bitcoin will do well without ETF. It is not bad for now bitcoin will increase even ETF was rejected that we expect that after rejection ETF will have an effect to the bitcoin and it might sink the price in the market. But their prediction was wrong that ETF will have a big impact if it is approved by SEC. One thing that comes up in my mind, before bitcoin pumped up the price last year without ETF so there's no reason that it will not happen again.(IMO)
In the coming months, they are 9 ETFs are there for approval awaiting from US SEC hopefully we can expect a positive outcome from Sec re-approval thought
If you aren't psychologically ready to take another 9 ETF rejections by the SEC then you aren't going to do well in bitcoin. The only way to keep a strong hand and don't do anything stupid is if you stop expecting that the ETF will ever pass. Assume the SEC doesn't have an incentive to pass it and move on with your life, bitcoin will do well without the ETF, hard money always wins in the end, the ETF passing would only speed up the rocket.
Now, im not saying it's impossible, im just saying people that come into bitcoin expecting it to happen are missing the big picture and will end up losing money.
As far as realistic timelines, perhaps 2020 and beyond, but some point to 2019, personally like I said before, im ready to assume it never happens.
In the coming months, they are 9 ETFs are there for approval awaiting from US SEC hopefully we can expect a positive outcome from Sec re-approval thought
I really think that the markets have grown increasingly insensitive to these bitcoin ETF news.
With the tons and tons of ETFs being rejected, people are starting to realize that these rejections has basically no effect on bitcoin's long term potential, and the obvious benefits that bitcoin offers on its network and blockchain.
That's why I think prices aren't really moved by these recent rejections. There is no hype over these ETF deadlines anymore, so there isn't really panic dumping when the rejection comes either. All ETFs are is a centralized financial tool. The decision shouldn't be weighted this much by the community anyways.
With the tons and tons of ETFs being rejected, people are starting to realize that these rejections has basically no effect on bitcoin's long term potential, and the obvious benefits that bitcoin offers on its network and blockchain.
That's why I think prices aren't really moved by these recent rejections. There is no hype over these ETF deadlines anymore, so there isn't really panic dumping when the rejection comes either. All ETFs are is a centralized financial tool. The decision shouldn't be weighted this much by the community anyways.
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
The refusal begins with SEC's concern about the fraud and manipulation of the Bitcoin market and also does not meet the regulator's requirements, I think this rule is designed to prevent fraudulent or manipulative actions, this is a positive thing for the market, but unfortunately the requirements proposed by Bitcoin have not met the requirements, even though its influence on Bitcoin prices has declined but I hope the price will recover and stabilize and also the market will be protected from cheating and manipulation.
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
Hopefully that the people will not really care anymore about this ETF proposals because Crypto currency market is in middle of recovering. We have waited long enough for the bullish run and we just hope that after this ETF issue the market will continue to move on now.
Of course that really affected the market like yesterday's decision where the market tried to go up but with the delay turning into a decline, I didn't see much with market-focused regulations that made me believe that in the next few months we would recover, I hope everyone thinks this nothing and everything focused on the market to be pumped together, I think some people are sick and start to understand what to do.
if you compare it with the initial ETF rejection a month ago, there was a bigger rise and a bigger fall after.
Wasn't it a delay last month, rather than a rejection? I'll admit I didn't read many details, since the importance of an ETF has been blown way out of proportion IMO. I thought I recall that a decision was just postponed last time.there were a couple of ETFs i don't really follow them either but this one stuck with me, one of them was postponed which is the SolidX ETF which is probably what you had in mind and this is the most hyped up one.
another one that was rejected last month belonged to Winklevoss twins. it happened on on July 26 which made the price drop from $8k to what we see today.
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
Hopefully that the people will not really care anymore about this ETF proposals because Crypto currency market is in middle of recovering. We have waited long enough for the bullish run and we just hope that after this ETF issue the market will continue to move on now.
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
Recovering nicely how?
Change 24h: 3% Is it what you call nicely? It's funny how a $200-300 increase in the value and the moon can appear again like within acid.
People are used with the SEC rejection so this one wasn't a surprise, and the next coming next month will surely follow the same path. But in no way, there is a relation between a 3% and the SEC decision. When we will have a longer period of underlying market performance the thing will be different and only then people will be able to
if you compare it with the initial ETF rejection a month ago, there was a bigger rise and a bigger fall after.
Wasn't it a delay last month, rather than a rejection? I'll admit I didn't read many details, since the importance of an ETF has been blown way out of proportion IMO. I thought I recall that a decision was just postponed last time.Anyway, I'm not sure how much either of these news events had or is having on the price. You'd think after an outright rejection, bitcoin would sink even lower, but it hasn't. It's actually at around $6700 as I write this. That's not too bad, considering where it's recently been.
Change 24h: 3% Is it what you call nicely? It's funny how a $200-300 increase in the value and the moon can appear again like within acid.
3% in a day isn't bad at all, especially since bitcoin has been moving sideways in a very small range for a while now. Any movement to the upside is a good thing, IMO. Most people just gave up on the thought of the SEC approving any ETFs, and just went on to continue trading as if it's like a normal day.
I think this is very difficult, maybe because of this people are not panic:
Crypto Markets See Solid Upswing as SEC Promises to Review Recently Rejected Bitcoin ETFs
People still have hope, because of this hope prices are not falling too much
I believe that they are using bitcoin ETF just to keep the price jump then drop. It looks like there is a conspiracy between Winklevoss twins and the SEC that is why the Bitcoin ETF is always postponed.
Most people just gave up on the thought of the SEC approving any ETFs, and just went on to continue trading as if it's like a normal day.
I think this is very difficult, maybe because of this people are not panic:
Crypto Markets See Solid Upswing as SEC Promises to Review Recently Rejected Bitcoin ETFs
People still have hope, because of this hope prices are not falling too much
Seeing how the price moved, people don't seem to bother anymore about how ETFs are doing. Most people just gave up on the thought of the SEC approving any ETFs, and just went on to continue trading as if it's like a normal day. Perhaps we are just very eager to get some high gains for bitcoin again but in reality, we don't need ETFs that much, it's just another application that could potentially boost us into higher gains. The market seems to be dormant as of late and the up-down movement of the market seems normal despite the ETF talks.
As anticipated, bitcoin took some minor dive, losing about 300$ with the recent rejection of bitcoin ETF proposals presented by ProShares, DIREXION and Graniteshares but things seem to be recovering nicely after just a few hours, maybe we don't need the ETF afterall, just a killer app to drive adoption mainstream
Too much hype has been placed on the etf proposals and i think it was well deserved since an approval would in a way push us a little bit closer to mass adoption but yeah, even without it we'll get there. Let's see what will happen with the sept proposal. An approval may very well start a positive run for us. Jump to: