Topic: Breaking News!! ETH ETF Announcement Imminent. (Read 1440 times)

I think that was wrongly translated news.

Breaking news, ETH fan girl post imminent.

I'm going to err on the side of rationality and respond with a "ya right" lol.

I can see that happening.

Anyone that thinks a centralized ICO coin is going to get an ETF before Bitcoin is on some serious drugs.

ETH's price skyrocketed for months now because of the accelerated adoption by random joes, institutions and corporations. So if it gets denied, eth may drop 1-5% because some people will bet on that as being "negative news" in hopes to buy cheaper. Then it will corect upwards. At the end of this month we'll see ethereum at over 100-120 usd.

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This is just pure dumb to believe this ETF will get approved!
It won't! 100%!
So it's way more likely to see some correction happening instead mooning after the rejection got announced.

They will explain jack shit and they will do what they are told by the masters of the universe.

here is the story:
"...some day the news about bitcoin ETF comes out and people start talking about it. bitcoin price goes up, altcoins drop hard everyone is surprised. 'why is it going up, ETF has nothing to do with bitcoin price rising, it is bullshit'. then the rise became faster and bigger.... pumpers are thinking 'oh man a new method to hype things up'..."

"... some time later there is another news about bitcoin ETF, bitcoin price starts going up. altcoin pumpers are scared. some random news sites are paid so they publish this 'etherum, this awesome altcoin which is better than bitcoin is planning on its own ETF that SEC will surely approve' then they pump it. everyone is happy..."

"...in the end SEC rejects bitcoin ETF, bitcoin price drops. altcoins are annihilated. some other news sites are paid so they publish 'we don't need ETF for ethereum, we are decentralized' bitcoin and ETF are both shit so we don't need them..."

and they lived happily ever after.
The END.

Where is the link for this breaking news? Last I heard was April 23rd and as with many government organizations they missed their target:

"The Commission designated April 23, 2017, as the date by which it should
approve, disapprove, or institute proceedings to determine whether to approve or
disapprove the proposed rule change."

Document here:

https://www.sec.gov/rules/sro/nysearca/2017/34-80501.pdf



Based on history it's likely to be rejected or they will have to re-explain why they rejected the bitcoin ETF. There would be no logic to rejecting something based on a highly secure system like BTC and then accepting a much less secure high risk item.

Likely we are years away before any ETFs are allowed for crypto.

If ETH succeeds here where BTC failed, is it possible that ETH price would surpass BTC price in the near future? This would be hillarious.

Anyway I don't think the SEC would approve, because it's a government structure and it's my impression that the government simply doesn't want crypto to succeed, because they have too little control over it. Like the guy above me said if this works it would be largely thanks to pressure from wallstreet based ETH whales.

Wall Street missed the boat on BTC.
They don't own it, so theres no point to allow an ETF for it.

The decision will be biased by the huge potential of an ETH ETF.
Wall Street probably owns a lot of ETH already.

are we at darling now ok.
and i have to say my time is too valuable to want to repeat all the things that have already been said a million times. all the long things you said have already been answered. and not so long ago. go back and read those comments.

and all of your links to fake news have also been debunked. you can also go back and read the same replies that other hundred users gave to them. i certainly won't repeat it since it is useless.

Taking into account your previous shilling for Ether, I doubt it.

Herber2020 darling, let's take it step by step;


No, it is not. Being "decentralized" with 95% of it's mining infrastructure is china is not "decentralized" enough. It is controlled by a cartel that hinders innovation.


Yes, on paper it does get accepted in many places. Problem is, everyone is using it for speculation and very few for what it was actually meant to be, a peer to peer electronic cash.


Let's take bitcoin as an example and let's compare;
1. It has more nodes than bitcoin, 14k vs 6.8k Proof https://www.ethernodes.org/network/1 vs https://bitnodes.21.co/
2. On important matters the community is consulted regarding the path forward via voting sites or simply debated on reddit. You can look them up.
3. The development does steer the project as it should be, because not everyone is technical, and they are the inventors of Ethereum so who would be fit for a better job ? But the development is decentralized, there are 6-7 client implementations, most popular ones being Geth and Parity.

This is why there's a problem in bitcoin. Blockstream core self proclaimed itself as king and does only what it wants, although they have less mining support than BU. And these two groups fight for control.


Ethereum currently has more adoption from big players than bitcoin has. There are literally hundreds of projects on ethereum. Few of the latest popular would be:

- car charging stations by RWE http://www.trustnodes.com/2017/04/29/germanys-energy-giant-launches-100s-ethereum-based-electric-cars-charging-stations  

https://np.reddit.com/r/ethereum/comments/68n6lq/charged_a_bmw_i3_at_a_blockchainified_sharecharge/

- microsoft's ethereum based blockchain supply ( with amazon and more ) http://www.coindesk.com/microsofts-blockchain-supply-chain-project-grows-to-13-partners/?utm_content=buffer802a3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

- fight against odometer fraud by bosch https://twitter.com/boschglobal/status/844131521426538497  https://pbs.twimg.com/media/C7MCZFRWwAETwsF.jpg

- United Nations using ethereum for their world food programme http://www.coindesk.com/the-united-nations-just-launched-its-first-large-scale-ethereum-test/

- Everywhere where blockchain is involved, wether you talk about conferences, demo applications, ethereum dominates it http://www.coindesk.com/ethereum-stole-show-microsofts-new-york-city-demo-day/

There are too many examples and i wouldn't have enough space on this page to write them all, so i will stop here.

Let's continue

"K"


Yes, survival of the fittest. When you are the best you do what you must to keep the technological and adoption lead ( by people who matter, corporations, institutions, academics, investors ).


DAO's failure was a lesson to teach for people that don't give enough importance to testing. ETH is a decentralized permissionless platform that can't stop anyone from using it, because it is open to everyone. That being said, not everything is supposed to be succesful in this world anyway; i mean, look at bitcoin.

Over the course of the next 2 months there will be over 300 institutions and giant corporations working on ethereum. Some of them will work on private chains, some of them will work on public chain. Doesn't really matter, interoperability is what will link them all together.
Look at linux. It is considered more secure and prefered by usually more technical people because it is better than windows in many areas. That because it is open source.

A huge room with very important people. Bald guy talks about ethereum, says there are over 200+ interested in joining EEA on a waiting list ( more like bitcoin's crippled transaction backlog ). And he mentions the possiblity of ethereum to be valued at trillions in the future, and no one even flinches.

https://www.youtube.com/watch?v=mlYXMm4qKsc

Thing about etf is that eth's current price situation wasn't caused by the rumor at all, because eth has too much going for it for eth etf rumor to be big deal. That means, i don't think anybody bought the rumor/news of ETH ETF, but if indeed gets approved, then the price will go over 150usd per token.

oh my we've got a pump coming. thanks for the heads up. i'll keep an eye out. although i think the pump is already happened because of this fake ETF news for ETH recently!

but it is the most ridiculous thing though
SEC is denying bitcoin because it is not regulated and its price is volatile!
and bitcoin is
- the biggest cryptocurrency that has real adoption,
- is decentralized,
- a lot of real big businesses like Microsoft are accepting it as a payment,...

there is no way in hell they are going to accept ETH ETF
- a centralized coin with lots of manipulation,
- no adoption other than traders trading,
- a big ICO scam (you know these guys don't take this kind of behavior lightly),
- lots of forks,
- and lots of scam such as DAO scam
- and not to mention the huge volatility it has

LMAO ETH ETF will never be accepted, are u dreaming. Im actually shorting more and more ETH because of hypers like you. Anyway you have big balls to buy the top and actually think that ETH ETF wil get accepted.
Good luck

Please be aware that the ETH ETF is about to be announced. This is the last chance to board the ETH moonship.