Topic: [NEWS] [Update 4 - 9th August] Bitcoin ETF Versus SEC - Who'll win this time (Read 273 times)
August 13, 2018, 11:27:06 AM
While we are in waiting process they postponed the decision to make the EFT a reality for us, so now we are in Long swim, while we will be swimming only down to the river stream, lol.
August 13, 2018, 04:33:15 AM
I don't know why, but we're not ready for ETFs yet. look at the ICO market, it almost all consists of a bench. And look at their product? Almost every one of them is a test. I'm not talking about those projects that promise to implement in the distant future. The approval of the ETF will result in the flow of money with which honest the developers will not do it, and it will take advantage of crooks
Exactly, US has already made some regulations regarding ICO and excluded BTC and ETH from security. The worse thing is that SEC didn't come with any reason to reject them.
as far as i know bitcoin has never been considered a "security" by the US government to now want to change. it was considered a "commodity" and as for ETH they never defined it because they couldn't define a premined platform.
i also would love to see the link to where they made regulations regarding ICO because i have not seen any yet.
I think I misunderstood that SEC has implemented regulations, it's actually SEC chief Clayton said during hearing on BTC, ETH and ICO regulation that all ICOs are Security and should be regulated. Much info is here:
https://www.coindesk.com/sec-chief-clayton-every-ico-ive-seen-security/
https://cointelegraph.com/news/sec-chairman-jay-clayton-says-bitcoin-not-a-security-most-icos-likely-are
Also in the SEC website too, they've mentioned that ICO's can be security offerings - https://www.sec.gov/ICO
August 10, 2018, 01:15:50 AM
I don't know why, but we're not ready for ETFs yet. look at the ICO market, it almost all consists of a bench. And look at their product? Almost every one of them is a test. I'm not talking about those projects that promise to implement in the distant future. The approval of the ETF will result in the flow of money with which honest the developers will not do it, and it will take advantage of crooks
Exactly, US has already made some regulations regarding ICO and excluded BTC and ETH from security. The worse thing is that SEC didn't come with any reason to reject them.
as far as i know bitcoin has never been considered a "security" by the US government to now want to change. it was considered a "commodity" and as for ETH they never defined it because they couldn't define a premined platform.
i also would love to see the link to where they made regulations regarding ICO because i have not seen any yet.
August 10, 2018, 01:10:56 AM
I just hope, hopefully this delay does not drag on. So that it can cause uncertainty in the bitcoin community. SEC should see, there are big names involved. So, it is a major consideration in making decisions
August 10, 2018, 12:36:27 AM
Don't think bitcoin is even ready for etf.. Because to be approved for etf btc has a long way to go.. Need to be regulated worldwide.. After that maybe sec will accept the ETF application..
August 10, 2018, 12:28:32 AM
I don't know why, but we're not ready for ETFs yet. look at the ICO market, it almost all consists of a bench. And look at their product? Almost every one of them is a test. I'm not talking about those projects that promise to implement in the distant future. The approval of the ETF will result in the flow of money with which honest the developers will not do it, and it will take advantage of crooks
Exactly, US has already made some regulations regarding ICO and excluded BTC and ETH from security. The worse thing is that SEC didn't come with any reason to reject them.
August 08, 2018, 01:03:47 PM
SEC delayed Bitcoin ETF (expected)
Previous statement is on 2nd july on which they stated we hear bitcoin ETF's within 45 days means up to 16 august.
Resulting BTC dump of $700 from $7100 to $6400 within a period of 10 Hrs.
5 commissioners are given responsibility to decide on Bitcoin ETF's in which One commissioner, Hester Peirce, dissented from that decision
The pump of bitcoin from $6100 to $8400 from 12 july to 25th july was just fomo arises in people that SEC will give positive favour to bitcoin. When multiple fud arises that ETF will not be heard on August it crashes on 26th july resulting loss of $2000 in bitcoin just in 2 weeks.
People makes in their mind that without ETF's their is no bullrun. So sooner or later we need ETF's to pull the market in right directions.
Previous statement is on 2nd july on which they stated we hear bitcoin ETF's within 45 days means up to 16 august.
Resulting BTC dump of $700 from $7100 to $6400 within a period of 10 Hrs.
5 commissioners are given responsibility to decide on Bitcoin ETF's in which One commissioner, Hester Peirce, dissented from that decision
The pump of bitcoin from $6100 to $8400 from 12 july to 25th july was just fomo arises in people that SEC will give positive favour to bitcoin. When multiple fud arises that ETF will not be heard on August it crashes on 26th july resulting loss of $2000 in bitcoin just in 2 weeks.
People makes in their mind that without ETF's their is no bullrun. So sooner or later we need ETF's to pull the market in right directions.
August 05, 2018, 08:05:51 AM
I don't know why, but we're not ready for ETFs yet. look at the ICO market, it almost all consists of a bench. And look at their product? Almost every one of them is a test. I'm not talking about those projects that promise to implement in the distant future. The approval of the ETF will result in the flow of money with which honest the developers will not do it, and it will take advantage of crooks
August 04, 2018, 06:39:18 PM
This is the biggest reason for a rise this year, we can have a new price level in the case of approval, FOMO has already begun, and if approved, should exceed 10k and have strong support in this area.
I think what will happen in the SEC decision will compromise the price of bitcoin. If they against with ETF then it will inflict a bad result for bitcoin and vice versa. I don't know if this is the reason why does the price fall down last days but I heard some rumors that this is the cause why bitcoin price decline. August 04, 2018, 06:34:14 PM
Everyone is waiting for this decision on September
But what I understand from this position
The market is not yet mature
So that it affects one decision
We are still at first
But what I understand from this position
The market is not yet mature
So that it affects one decision
We are still at first
July 30, 2018, 07:57:34 PM
The more they delay the sanction, the more hype will be created. Many new investors are likely to get interested during the delayed time. Recent public opinion has shown the SEC a 97% positive response which might have forced them to think and come to a decision which will be profitable for all the parties involved. So, 
the delay is affecting the market in a positive way.
the delay is affecting the market in a positive way. July 30, 2018, 07:06:52 AM
John McAfee says:
Yes..!! Possible Chance of ETF to Get Approved 👀
See This 👇
https://www.forbes.com/sites/youngjoseph/2018/07/27/sec-commissioner-bitcoin-is-regulated-and-mature-enough-to-have-an-etf/amp/?__twitter_impression=true
Let's wait and see.
Yes..!! Possible Chance of ETF to Get Approved 👀
See This 👇
https://www.forbes.com/sites/youngjoseph/2018/07/27/sec-commissioner-bitcoin-is-regulated-and-mature-enough-to-have-an-etf/amp/?__twitter_impression=true
Let's wait and see.
July 30, 2018, 06:53:40 AM
I hope SEC will accept bitcoins ETFs as soon as possible because almost 90% comments review positive with ETF. No matter SEC take time if it accept ETF.
July 28, 2018, 09:19:02 AM
The delay is affecting the market in a positive way, the more delay the more hype and interest created, which has a chance to lure in possible investors. People, who get interested can invest further, during this deya time, which will bring more positive outcome for the project as a whole.
But these investors will vanish as soon as any negative news comes. First instance already visible, BTC drops from 8300 to 7800 as soon as news comes that ETF application by Winklevoss brothers have been rejected by SEC, and this happens within couple of hours.
July 28, 2018, 09:16:35 AM
This delay is actually kind of a good thing because it will give the team and the project to be more mature and will be able to fix all the errors.
Sorry? What project are you talking about? Bitcoin ETF is not another project, if that's what you're thinking.
July 28, 2018, 09:01:11 AM
The delay is affecting the market in a positive way, the more delay the more hype and interest created, which has a chance to lure in possible investors. People, who get interested can invest further, during this deya time, which will bring more positive outcome for the project as a whole.
July 28, 2018, 02:06:36 AM
i wish the ETF news weren't as hyped up as it is these days. things like this never end well no matter the result of the decision. for example back in the times of block halving we had similar hype and price went up a lot and when the halving happened we had a correction and a rather long period of nothingness!
July 28, 2018, 02:03:04 AM
This delay is actually kind of a good thing because it will give the team and the project to be more mature and will be able to fix all the errors.
July 25, 2018, 11:07:47 AM
This is the biggest reason for a rise this year, we can have a new price level in the case of approval, FOMO has already begun, and if approved, should exceed 10k and have strong support in this area.
FOMO is clearly there, even though BTC having RSI well above 70 for 2,4,6,12hrs and daily, still people buying it and not letting it consolidate. For BTC to start another bull run, we need RSI to be under 60 for couple of days atleast.
July 25, 2018, 11:05:51 AM
We all were eagerly waiting for 10th august to know the SEC's decision. Now we have to wait a bit more to know that 
https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Personally I think it's good for the market and also it shows that SEC members are thinking a bit more before coming to any decision. Since the proposal asked for the wider public comments, 100's of comments have been made on there proposal and needless to say mostly in favor of supporting the ETF approval move. Also it keeps the hope alive among the investors and crypto world people.
https://www.coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
Personally I think it's good for the market and also it shows that SEC members are thinking a bit more before coming to any decision. Since the proposal asked for the wider public comments, 100's of comments have been made on there proposal and needless to say mostly in favor of supporting the ETF approval move. Also it keeps the hope alive among the investors and crypto world people.
But it doesn't include the CBoE Bitcoin ETF application isn't it? They only delay is the Direxions so the Aug 10 is still on scheduled unless they postponed it as well. The most critical ETF application is CBoE, all eyes are watching because its going to make ror break the ecosystem. This delay with Direxions applications will be moot when the CBoE decision is given out in Aug 10.
Yes correct, I have updated the same in the original post too. Let's see if it will stay as per schedule or get postponed too.
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