COIN ETF denied by SEC - page 2. | Bitcointalksearch.org

shannen87

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Quote from: weilichesbin on March 10, 2017, 04:46:55 PM

Quote from: Dakustaking76 on March 10, 2017, 04:43:36 PM

And now its rising

It will Fall under 700...no bullish news for now.no etf.china exchange Problems. We are now on a down Trend. The only ones who buy now are the bots.thats why we see waves.

Best investment next days will be VISIO with this u can multiple your bitcoins

what is visio?

weilichesbin

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Quote from: Dakustaking76 on March 10, 2017, 04:43:36 PM

And now its rising

It will Fall under 700...no bullish news for now.no etf.china exchange Problems. We are now on a down Trend. The only ones who buy now are the bots.thats why we see waves.

Best investment next days will be VISIO with this u can multiple your bitcoins

Slow death

legendary

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Quote from: BitcoinBarrel on March 10, 2017, 04:07:39 PM

Quote

As discussed furtherbelow, the Commission is disapproving this proposed rule change
because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act,
which requires, among other things, that the rules of a national securities exchange be designed
to prevent fraudulent and manipulative acts and practices and to protect investors and the public
interest.

https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

This result was expected, at least I think most people should have followed the news and should have read the opinion of some experts that was not good.

Quote from: swogerino on March 10, 2017, 04:32:34 PM

Another three year wait is upon us. Undecided

This must be a great pain because the process dragged on for a long time and in the end the result was disappointing

Quote from: weilichesbin on March 10, 2017, 04:28:41 PM

I think it goes under 700

NO.

Will stay in the 1000, may drop below 1000, say until 920. but soon will return to 1000

Dakustaking76

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And now its rising

d5000

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I think this can be a mid-term trend reversal.

There are no really bullish news now on the agenda, and the ETF speculation was responsible for a large part of the "to da moon" sentiment in the last weeks. The 1350 USD spike today showed it.

So the public opinion in the Bitcoin ecosystem will again shift to the really important topic: the scaling/blocksize discussion. For now, the situation looks pretty bearish, as there's no solution in sight. But discussion on the topic progresses and I'm optimistic that in some months we'll have a solution - either Segwit approved or another type of scaling proposal.

So my prediction is: We'll see a bumpy weekend with some up- and downmoves, but the +1250 highs will not be reached again, so the trend will move downwards next week with some harsh jumps. I expect at least $850 at some moment (we already had 950 so it's not far away), maybe 750, but not much less. And in the second half of the year things can turn bullish again if a scaling solution is found.

kwukduck

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Byebye $1000 until never.

alyssa85

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Quote from: BitHodler on March 10, 2017, 04:23:57 PM

After a few days when the markets calm down we will see how much the price was driven by ETF approval speculation. I personally thought it wouldn't drop under $1000 but it did.

Almost all of it was ETF speculation - prices don't rise by 30% in a month just like that.

Given the fundamental reasons they gave for refusing the ETF (manipulated exchanges), it is pretty clear that the other two ETFs won't be approved either.

swogerino

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Another three year wait is upon us. Undecided

FiendCoin

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The devil is in the detail.

Now that is is over with, we can move on to scaling.

weilichesbin

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Quote from: BitHodler on March 10, 2017, 04:23:57 PM

After a few days when the markets calm down we will see how much the price was driven by ETF approval speculation. I personally thought it wouldn't drop under $1000 but it did.

At least this is another opportunity before the price climbs back up again. People were eagerly waiting for such a dump, now here it is. Put your money to work and start buying up these discount coins!

I think it goes under 700

PrymeTyme

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Quote from: BitcoinBarrel on March 10, 2017, 04:07:39 PM

Quote

As discussed furtherbelow, the Commission is disapproving this proposed rule change
because it does not find the proposal to be consistent with Section 6(b)(5) of the Exchange Act,
which requires, among other things, that the rules of a national securities exchange be designed
to prevent fraudulent and manipulative acts and practices and to protect investors and the public
interest.

https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

if that is the reason then , the whole stock market should be denied and closed.. oh and of course the allmighty dollar aswell.. shmucks!

BitHodler

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After a few days when the markets calm down we will see how much the price was driven by ETF approval speculation. I personally thought it wouldn't drop under $1000 but it did.

At least this is another opportunity before the price climbs back up again. People were eagerly waiting for such a dump, now here it is. Put your money to work and start buying up these discount coins!

Denker

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Quote from: proudhon on March 10, 2017, 04:11:05 PM

And thus we see the bitcoin price was significantly dependent on...the US SEC. Hope everyone is enjoying what remains of their SECOINS.

Really? Why?
Because today the chart is playing ping-pong?
One more reason it's a good decision to reject the ETF by the SEC.
Let the crazy traders play now and wait until the storm is over.
Then I'm sure we will be close to 1000 or above.
So no reason to freak out or to see things worse as they really are.
We all here knew what would happen when the ETF gets rejected.

2017Bubble

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Is it official? Evidence?

btcmerich

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right, so what this means is . Every bitcoin holder should be able to identify Him/her self . So i guess we will not have SEC approve any digital currency. we do not need SEC. ... it seems it is holding very well despite the Drama

leowonderful

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Bitcoin FTW!

Quote from: spazzdla on March 10, 2017, 04:15:23 PM

Quote from: Dakustaking76 on March 10, 2017, 04:14:13 PM

And its going down guys

I am thinking we go to $700 then back upwards.

This bull run is not over.

The world economic system is still completely fucked and will fail hard..

I don't even think we'll hit 700, people are being overly dramatic about this and even though the price was being inflated by the SEC there's still buyers out there, I suspect 950-1000 is the bottom and we'll get back up to 1100. Even with that 3-minute 300 dollar crash, we're still bouncing around, HODLers keep your seatbelts on!

spazzdla

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Quote from: Dakustaking76 on March 10, 2017, 04:14:13 PM

And its going down guys

I am thinking we go to $700 then back upwards.

This bull run is not over.

The world economic system is still completely fucked and will fail hard..

PrymeTyme

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iam going all in

richardsNY

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It's very weird, one moment it would be announced on March 11, and the other moment it's said to be announced on March 13. Either way, it's good that we at least know the result right now. It will make it clear at what levels the price will settle at. If the price bounces back to $1200 (which it eventually will anyway) then we at least don't have any hypes that drive the price. It would be purely the demand.

alyssa85

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I think they felt there was too much market manipulation. Hope people took profits in the last few days...

Topic: COIN ETF denied by SEC - page 2. (Read 2658 times)