Remember the whole process has built in deadlines that needs to be met and even if the deadline is set for the 11th, a decision can be made before that. So in all likelihood we will know what was decided before the 11th of March. I think we might hear something on Friday, but I am just taking a calculated guess. ^smile^
This has been going on and on since 2013 and I just want this to end now. The twins has been fighting this battle for a few years now, since their path has split with Charlie and trying to do this in the legal/regulated way.
Topic: ETF decision before 11th March - page 2. (Read 2581 times)
I don't think so that there is a huge increase of bitcoin price if the ETF is approve. There will be two days more before the decision of ETF and the current price rate is down and its continue drowning, I hope it will be a good news for us on march 11.
Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
Because if that was a cause bitcoin dropped more than 5% during last 24 hours, then I don't want to see how big will it drop when everyone will know about ETF fail.
I believe those old investors that are using Bitcoins since months or years ago won't left Bitcoin because a disapproval, the new investors speculating maybe will, it's important, but it doesn't represent the end of Bitcoin. The price could drop a bit, but at any moment it will recover again and start increasing. Bitcoin survived until now without ETF, it's not now that it will die because ETF disapproval (if it be really disapproved, we don't know yet).
Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
Because if that was a cause bitcoin dropped more than 5% during last 24 hours, then I don't want to see how big will it drop when everyone will know about ETF fail.
If the news are true then we should expect seeing results either tomorrow or Friday.
"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
I know majority of the bitcoin community are much awaiting on this date, and most of them including myself are also expecting something that there is a good news to come for us. Like what I had read on https://bravenewcoin.com/news/bitcoin-price-analysis-buy-the-rumour-sell-the-news/ the next big market move is the SEC ETF decision on March 11th, which is a Saturday, so expect an announcement on Friday, March 10th. Technical remain heavily bullish with price targets between $1400 and $1800 in the coming weeks. Expect the SEC decision to negate any technical in the near term when the announcement is public. I always discredit the ‘buy the rumor, sell the news’ paradigm but it occurs more often than not. "The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
This is exciting and we are near to it. I hope SEC will consider ETF and will approve it. We know that when they will make a news about it and published that they approved it. Many investors will get into bitcoin and the price will make it pumping. I'm following the news and I can't wait to see what will be the result.
The price could be dropping because most people are saying that it is unlikely that the ETF will get approved. Although it's hard to tell the reason and it is still relatively high right now.
I think it is dropping because everyone is waiting to see what the result is and a lot of speculators are selling early because they're losing confidence that the ETF is going to get approved, or some whale decided that he liked the high $1.2k values and wanted to make sure he got the most out of his money before anything happened, partially triggering this event.We might get lucky and it gets approved, and that means value goes up quickly.
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
A drop down to $1000 as bottom would be a very good outcome in such a scenario!
This sell off we've seen could also be a shake out of weak hands, to accumulate even more coins by big fish before the
ETF gets approved!
So you can spin it however you want. You and me, as small guys what we are, know nothing and can speculate as much as we want. We will know it after the announcment was made.
i agree with you mate. the price of bitcoin has just dump due to weak hands and panic selling. because lots of holders are somewhat afraid that if ever the ETF will be rejected the price will fall harder. so maybe they we're thinking might as well sell it on higher price before its too late. but in my opinion, whether or nor ETF will have the approval of the SEC, holding or buying bitcoin today is much of a better choice. surely months from now it will still rise to 1500 usd. this ETF approval is just somewhat a form of a shortcut for price increase. BITCOIN is for LONG TERM. It's not meant for weak hands.
The price could be dropping because most people are saying that it is unlikely that the ETF will get approved. Although it's hard to tell the reason and it is still relatively high right now.
I don't know but my heart is beating faster right now. And I didn't sold some of my coins because I do believe that ETF approval will have a big impact and those panic sellers will regret their move. Let's see what will happen if the price will be rising after this ETF will be approved or denied. I'll following these news now,
The price could be dropping because most people are saying that it is unlikely that the ETF will get approved. Although it's hard to tell the reason and it is still relatively high right now.
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.
I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.
One of the three Chinese exchanges opened up withdrawals. So the miners have been saving coins for a month can now sell them.
http://www.coindesk.com/huobi-will-resume-bitcoin-withdrawals-pending-regulatory-approval/
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.
I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.
One of the three Chinese exchanges opened up withdrawals. So the miners have been saving coins for a month can now sell them.
Well this could be a good reason why the price goes down today. With same demand and a huge additional supply coming from miners, there is no doubt the price will actually decrease. Anyway I hope ETF be approved so we can see BTC at $1500 soon.
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.
I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.
One of the three Chinese exchanges opened up withdrawals. So the miners have been saving coins for a month can now sell them.
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.
I think also it's a real possibility. Why is the bitcoin price decreasing a lot now? Without reason? Maybe someone already knows the result and sold the information for a good price to a whale. We don't know the face of whales, they can be nerds or businessmen, maybe most rich men hold bitcoins... We will never know. It's a theory, but possible to be true.
If the news are true then we should expect seeing results either tomorrow or Friday.
"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
I'm watching this space OP, keep us updated all the time. I'm curious about the outcome of the decision.
If the news are true then we should expect seeing results either tomorrow or Friday.
"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
Im following on this news and im quiet excited and afraid on what would happen on tomorrow on or upcoming days. Speculations are everywhere regarding ETF approval."The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
Same here, this is the most waited event this year. This will either make or break this bitcoin bull rally this year. But I seen a drop in price recently, is this a correction or some insider having knowledge about the decision and shorting their trades now, expecting negative decision that will trigger massive dumps from the holder?
Global Advisors Bitcoin Investment Fund got cold feet today and decided to cash out which is why we have had the dip.
Quote
"Without the ETF launch, should that be the case after that deadline, and with the aforementioned issues in China, we believe the market will be short of a catalyst and will have trapped some overly optimistic long positions. We will continue to reduce our exposure into the decision date."
My only other concern is that the etf goes through and nothing even happens with the price. Maybe we will just stay exactly where we are, or even drop.
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
Insider trading may be a thing but I don't believe this is the case. Who can know what the SEC will do? Only people in the government. Do you think there are bitcoin whales with SEC-tier access to the documents? Im not sure about that. We are still in the early days, most bitcoin whales are computer nerds and cryptoanarchysts. The businessmen whales like Winklevoss are a tiny minority.
If the news are true then we should expect seeing results either tomorrow or Friday.
"The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
Im following on this news and im quiet excited and afraid on what would happen on tomorrow on or upcoming days. Speculations are everywhere regarding ETF approval."The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said."
[1] http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/
Same here, this is the most waited event this year. This will either make or break this bitcoin bull rally this year. But I seen a drop in price recently, is this a correction or some insider having knowledge about the decision and shorting their trades now, expecting negative decision that will trigger massive dumps from the holder?
I hope SEC will not approve ETF.I dont want to have any derivative maret,what a shit,bitcoin has to be nternet global alternative p2p currency not some speculative vehicle.I dont care of some price drop
Read on coindesk articles about btc adoption in Switzerland and first bitcoin bank for blockchain companies in Europe.ETF is not important for btc,ppl will sell at lower price than will b rebound
Read on coindesk articles about btc adoption in Switzerland and first bitcoin bank for blockchain companies in Europe.ETF is not important for btc,ppl will sell at lower price than will b rebound
Nah, it gets more people into the game which in turn gets a higher market cap. We'll see a rise in the LONG TERM for sure. Short term is anyone's guess.
Bitcoin banks? Now there's something horribly detrimental to bitcoins. That's like having to go to the store to buy water bottles. But wait durp I have water at home. It's 100% useless. Only idiots use bitcoin banks and only idiots buy plastic water bottles.
Drama is already on, there is huge correction going on price right now may be someone from inside know what will be the decision. If it don't got approved there is high chance that price will go even more down to almost 1000$ range but if got approved we will see real price surge.
A drop down to $1000 as bottom would be a very good outcome in such a scenario!
This sell off we've seen could also be a shake out of weak hands, to accumulate even more coins by big fish before the
ETF gets approved!
So you can spin it however you want. You and me, as small guys what we are, know nothing and can speculate as much as we want. We will know it after the announcment was made.
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