Topic: ETF POLL APPROVAL / REJECTION - page 2. (Read 3349 times)
For me I'm for any solution capable of curbing the problems Bitcoin is facing. I don't want to join the politics of which is better, just any that can solve the delayed confirmation process.
One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision
http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/
http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/
If the price of 1 bitcoin jumps from $300 to $1,200.
That seems like it might fall under capital gains tax.
By not approving the ETF sooner, the state is unable to tax those gains as effectively.
What happens if the price of btc rises from $1,200 to $10,000.
That would be more lost tax income.
I think the ETF might be approved on that basis.
But with all the variables and conflicting special interests in play, its really anyone's guess as to what will actually happen.
If the SEC refuses to approve it, that might not make a difference.
Maybe iceland or another country more sympathetic to alt coins would give it approval.
That seems like it might fall under capital gains tax.
By not approving the ETF sooner, the state is unable to tax those gains as effectively.
What happens if the price of btc rises from $1,200 to $10,000.
That would be more lost tax income.
I think the ETF might be approved on that basis.
But with all the variables and conflicting special interests in play, its really anyone's guess as to what will actually happen.
If the SEC refuses to approve it, that might not make a difference.
Maybe iceland or another country more sympathetic to alt coins would give it approval.
IMO, i voted yes as reason stated below.
- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%
- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%
I was voting SEC to delaying the approval again.
- Bitcoin is not ready for the massive transaction if US gate will be opening as soon as possible. (Scalability problem)
- It will make the bitcoin being more centralized with a lot of the institution try to monitoring the bitcoin.
- Does PayPal is a currency, and I don't think soo.
We all want to approve it so it will help i more in bitcoinprice right now, but honesty I think it will be rejected we only need a little more patience to know what will happen only Few days left.
Most of what I have read would indicate that the ETF is not likely to be approved. I'm not sure why they would not approve it though. It would be good for the health of Bitcoin.
We follow the same path when it comes to this ETF all the time, people here go ahead and get really optimistic about it getting approved by the SEC and then reference reasons as to why it'll be approved which they think is solid evidence. I personally don't think this is going to get approved by the SEC, even with the entrance of President Donald J Trump and a more business friendly approach I think the SEC is going to play it safe.
With the current volatility of Bitcoin and the ease of arbitrage on all of the exchanges when the ETF actually goes ahead and launches, I just don't think it'll be possible for it to stay at the same level of risk as all of the other ETF's on the market.
With the current volatility of Bitcoin and the ease of arbitrage on all of the exchanges when the ETF actually goes ahead and launches, I just don't think it'll be possible for it to stay at the same level of risk as all of the other ETF's on the market.
Definitely it won't get approval. It will get rejected. 100% sure. And there will be a sudden drop in bitcoin price because many will start selling their bitcoins and will start investing in other cryptocurrencies like ether and monero. I hope after March 13th ether and monero price will shoot up.In my opinion, it's right time to get some ether and monero guys.
IMO, i voted yes as reason stated below.
- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%
- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%
Same reasons here I voted Yes. as of now, with 58.2% of voters Approve also here with our local Poll. Nice to know that majority also wants this to be passed.It will strengthened also the trust on bitcoin in my opinion.
IMO, i voted yes as reason stated below.
- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%
- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%
On the other hand the SEC needs to open the market to new innovation. Especially not to loose market share around the world.
Really, I can't think any good reason SEC could find so as to reject the ETF except if they don't want to see a surge in bitcoin's price. Anyone must take under consideration that process of this ETF going on for about 3 1/2 years. So the rumor of FUD some journalists claimed as the best reason of not approval is unfounded.
Many are optimistic, analyst and common bitcoin users alike, that the Winklevoss bitcoin ETF is going to be approved because it is backed by a reputable financial institution. As one expert puts it, “ETFs have this long history of opening up new markets. A great example of an ETF that was approved by the SEC is ASHR, which was approved by the SEC before US companies came about to trade.” Now that we are just a few days away from that decision, we can expect the price of bitcoin to be a bit unsteady.
The real question is, what happens to BTC in the case of positive or negative? We can't tell which way it'll go but we can guess how far.
U.S. Securities and Exchange Commission has been put off winklevoss ETF decision several times and this is the last chance. Why they decide to delay it? They may consider and need more time to see how bitcoin overcome security issues and government regulations regarding bitcoin.
I've no idea why they postponed it, but the fact that they did long enough to witness China turning to shit is the one thing that might sway them to yes if it were a no before.
Much as I dig BTC, there's no way I would've sanctioned investor exposure to something controlled by a bunch of bucket shops on the other side of the world.
Because a lot of people are gambling with this approval. It seems like we back on 2013. The hype of the SEC decision pushes the price of bitcoin. And to avoid the bullish trap in the future if there will negative news after 11 march. It is not wrong in my mind.
By all means guess and bet. There's nothing else you can do. It's pure pissing in the wind.
wasn't this EFT already rejected many times? i think this time they will approve it
Not rejected. The decision deadline has been postponed repeatedly.
I don't understand why anyone's devoting brain power to trying to predict this.
Because a lot of people are gambling with this approval. It seems like we back on 2013. The hype of the SEC decision pushes the price of bitcoin. And to avoid the bullish trap in the future if there will negative news after 11 march. It is not wrong in my mind.
I'm going to lean to the optimistic side of things. If not now, when? If rejected, why? People can already lose their shirts investing in bitcoin, the ETF just provides a safer, more regulated environment for such investment.
This is completely speculative and non-rational, but I just have a gut feeling that the election of Trump signals a more business-like acceptance of risk-taking as part of life, and that this could provide a subliminal tipping point in the decision-makers thinking. Or to put it another way, the nanny-state worldview has been thrown back a couple paces, and it is that worldview which would lend itself to denying the ETF as "too risky."
U.S. Securities and Exchange Commission has been put off winklevoss ETF decision several times and this is the last chance. Why they decide to delay it? They may consider and need more time to see how bitcoin overcome security issues and government regulations regarding bitcoin. 50:50 maybe the best chance that we have, but I have read the leaked news, so it more likely to be approved. This is completely speculative and non-rational, but I just have a gut feeling that the election of Trump signals a more business-like acceptance of risk-taking as part of life, and that this could provide a subliminal tipping point in the decision-makers thinking. Or to put it another way, the nanny-state worldview has been thrown back a couple paces, and it is that worldview which would lend itself to denying the ETF as "too risky."
I've seen professionals say 30%, 50%, over 50%, and similar numbers. No one really knows.
The numbers are all over the place. Bitmex futures contract has also vacillated wildly.
Looking at the current composition of the SEC, and that they've still not rejected it yet, I think the odds are at least 50% in its favour.
I voted for approval though that is somehow a wishful thinking since I am not actually sure that it will be approved. All the decision is upto SEC and the only thing we can do is hope they will get what majority of the community wants and approve it.
We need to realize main two facts:
1. Some bitcoin newbies think that 11 March is some kind of final and definite date. It is Now or Never.
No it is not. EFT will be merely postponed and accepted in the future for sure. Winklevoss might need to add another layer of security to protect customers etc.
2. Professional market analysts agreed that current chances for ETF approval are less than 30%
We know that analytics were wrong before, but please don't keep your hope high in this case.
1. Some bitcoin newbies think that 11 March is some kind of final and definite date. It is Now or Never.
No it is not. EFT will be merely postponed and accepted in the future for sure. Winklevoss might need to add another layer of security to protect customers etc.
2. Professional market analysts agreed that current chances for ETF approval are less than 30%
We know that analytics were wrong before, but please don't keep your hope high in this case.
No, the March 13 (not 11) date is the final date for the Winkelvoss ETF. There are no more postponements possible for it.
I've seen professionals say 30%, 50%, over 50%, and similar numbers. No one really knows.
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