ETF REJECTION | Bitcointalksearch.org

Kakmakr

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Most of the early adopters agree that a ETF approval will do more harm than good in the long run. The short-term impact will be a sharp increase in the price, but this will be short lived, because the injection of large amounts of speculator based investments might cause higher volatility.

These speculators will be very jumpy and they will panic at the slightest indication of any bad news, so we might see large amounts of money coming into Bitcoin, but as soon as we see any bad news, these investments will be pulled and the price of Bitcoin will take a nose dive. Roll Eyes

Herbert2020

legendary

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Quote from: Irfansyed on September 17, 2018, 09:11:33 PM

The new trend in the cryptocurrency ecosystem in the last week was dominated with Bitcoin ETF rejection.

in case you missed it this topic and the news of it belongs to about 1 month ago not last week. and even then it had no effects on price whatsoever. the price didn't even move downwards. in fact there was even a rise right after that ETF rejection that happened 1 month ago.

spadaccino

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We'll never let others win on our freedom - so we are preparing for fighting stronger and stronger. Bankers those fat eggs that are still controllig the whole financial economy want to mantain their power but with this thing is different: you can no longer control us! We are born free and so our currency.

fonengo

jr. member

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Hi, everybody. Sooner or later the SEC will accept bitcoin ETF. Adopted seems to me to be when no one will not wait.

circlesseeker

newbie

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It doesn't matter. Bitcoin will find its way. It just need new stories.

Irfansyed

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The new trend in the cryptocurrency ecosystem in the last week was dominated with Bitcoin ETF rejection. A new decision to review previous rejections by the U.S. SEC ought to have created a ray of hope in the crypto community, however, the feeling is that of weariness and a careless view to the importance Bitcoin ETF adds to the cryptocurrency community.

Odlanyer

member

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The market reacted sharply as the news of the rejection happened it show the decreased of price of bitcoin and ETF is an attempt to hoodwink bitcoin and blockchain.

xuan87

legendary

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Yeah I already read the news and it's not a good news, but from the start I already expected this will be the result, so I am not surprised, I just afraid the price fall down too deep and make the investors run away, hopefully there will be a better news on September

nguyentuit5a

jr. member

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Another sad news, the market has gone down too much

Red-Apple

hero member

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and they ask "why do i lose money"! it is because you don't have enough experience in this market and in trading in general!

the market doesn't react to news when YOU find out about the news. the market reacts to the news when The News is released which means about 24 hours ago and if ETF rejection could cause any damage to the price then it would have already done it.

Mofazzal840

newbie

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Merit: 0

The market is already in a downward spiral in the world. I do not know what will happen now. Although on the other hand I think a few people really believed in taking bitcoin ETF. So there could be no disaster. Wink

Starving_Marvin

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If I understood correctly it can mean that cryptocurrency is facing the greatest discouragement and frustration from all the times before and we will go down even deeper.

criptouser

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Quote from: wizardcrypto on August 23, 2018, 02:22:59 AM

I will like correct you on this bitcoin ETF rejection , it was not rejected but more further hearing will be open on 30th of September 2018. SEC is the process of checking security of Bitcoin .although banks are behind this delay. But we all know that the SEC can't fight the blockchain technology. They will definitely accept it, is just a matter of time.

I fully support your opinion. And anyway, we cannot depend on the SEC, it's just a fiction that makes us believe in a policy that is bought with the money.

Chrisjay29

full member

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Quote from: GeckoTrader on August 23, 2018, 02:32:23 AM

Quote from: wizardcrypto on August 23, 2018, 02:22:59 AM

I will like correct you on this bitcoin ETF rejection , it was not rejected but more further hearing will be open on 30th of September 2018. SEC is the process of checking security of Bitcoin .although banks are behind this delay. But we all know that the SEC can't fight the blockchain technology. They will definitely accept it, is just a matter of time.

Kindly read it again. "The Proshares ETF application was denied by the SEC".

Not yet reject my friend. The Sec is having a final decision on september 30 ,2018. Etf still have a chances to approved and hope no matter sec decision made hope it will not made more depth of bitcoin and other crypto

Faroxx

full member

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However, nothing surprising. The SEC does not want to take bitcoin ETF for a more then year now. But I think that they will have to do it. Sooner or later.

Jericka D Ranillo

member

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Verybad news for whole crypto ecosystem, we are still in the bearish months and this sad thing come in. Looks making an extension for the market recovery. I predict this year 2018 will not have bull market or buyers choice. Sad to hear, even one of my campaign pause their ICO. Therefore im confuse if crypto will be okey

MainIbem

hero member

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This ETF is an attempt to hoodwink bitcoin and blockchain. It will never work because both are incompatible. The earlier they understand it the better. Bitcoin is unstoppable.

Davido1174

newbie

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The market reacted sharply as the news of the rejection happened. The market showed signs of downtrend again as Bitcoin dipped some dollars. We await to see if the bitcoin ETF would be accepted in September 30th

NeuroticFish

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Quote from: GeckoTrader on August 23, 2018, 01:38:16 AM

The proverbial red herring rejection today will undoubtedly send the market into a downward spiral, a great shorting opportunity.

It's not only Proshares ETF, it was about 9 ETF applications rejected, from 3 aplicants.
Even more, they've done this yesterday, one day early. So it's already almost old news, so the ones that wanted to short had plenty of opportunities yesterday, at way better prices.
I don't expect today anything big on the market.

Legendari

full member

Activity: 266

Merit: 100

It seems to me, those guys from the SEC just delay the inevitable. Bitcoin has already been adopted in most countries and stores around the world, they just have to accept the ETF whether they want it or not.

Topic: ETF REJECTION (Read 311 times)