Has the SEC made an approval? - page 5.

nikkisnowe

member

Activity: 105

Merit: 10

Quote from: Rogerdale on March 10, 2017, 08:45:50 AM

And because of these manipulations SEC may come to office today, see BTC price movements and reject ETF proposal.

Please. The two commissioners at the SEC making the decision aren't going to make a decision based on some price movement occurring over the last hour. If a yes or no decision will be made, its already been done and drafted by their clerks and simply passing through the administrative process to be published. If not, this is going to be the first ETF in history to be approved by default after Monday passes.

Rogerdale

sr. member

Activity: 700

Merit: 330

No decision yet. It's funny to see rise to 1365 and then immediate fall to 1070. I believe this is what happened - many exchanges (like Bitfinex) don't allow to modify price of already placed orders. So people need to cancel current orders and place new ones. At one moment a lot of customers cancelled their buy orders and made market immediately thin. And Bitfinex started forcibly close margin positions and couldn't find any liquidity to sell more and more margin BTC. And market moved very sharply.

That may be also kind of a market manipulation.

And because of these manipulations SEC may come to office today, see BTC price movements and reject ETF proposal.

Igor M

full member

Activity: 188

Merit: 100

Ethereum4ever

It was nice try to rush btc. Waiting for SEC deny now Grin

nikkisnowe

member

Activity: 105

Merit: 10

I'm also watching...
https://www.sec.gov/news/pressreleases

JuanHungLo

hero member

Activity: 935

Merit: 1001

I don't always drink...

Birfinex showing 1336.4 and immediate dump to 1069. Never seen that kind of action.

nikkisnowe

member

Activity: 105

Merit: 10

The price is moving up fast.

Topic: Has the SEC made an approval? - page 5. (Read 4938 times)