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Topic: SEC Bitcoin ETF Decision - Yea or Nay? (Read 778 times)

jr. member
Activity: 210
Merit: 1
A nexgen decentralized ride hailing
January 12, 2019, 11:06:26 AM
#55
I've reset the poll for the new year... The whole situation seems pretty iffy. As in, "if" the SEC eventually approves a Bitcoin ETF, it may not be for another few years...
Hello, but I heard that the SEC will make a final decision on the ETF next month. Or is there new information ?)
member
Activity: 281
Merit: 77
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January 12, 2019, 10:43:13 AM
#54
I've reset the poll for the new year... The whole situation seems pretty iffy. As in, "if" the SEC eventually approves a Bitcoin ETF, it may not be for another few years...
full member
Activity: 1638
Merit: 122
January 10, 2019, 05:03:43 AM
#53

I think SEC has already delayed the decision before also and now there is no option left for them to delay it again. The only option here for SEC is that they approve bitcoin ETF. Also they have no reason to disapprove it as if they were to disapprove, they could have done it before and there was no need for them to keep waiting .

there reason why they delayed it is maybe because they arent yet ready and this year we dont know if they will still delayed it or not but  delaying is more better than rejecting , am i right?  lets wait and hope for the better   .    

The market needs a lot more stability and sanitizing before we can see a "light of hope".

i guess that is impossible to happen . as far as i know , cryptos were built to be volatile and bitcoin is a verry unstable coin of them all  but even with this state i guess sec's etf decision will still be yes  because bitcoin isnt already new in this payment industry and many reputable companies are already accepting it  .
hero member
Activity: 2506
Merit: 645
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January 10, 2019, 04:54:06 AM
#52
Only one has the potential to be accepted from the SEC but I don't think it will happen so soon. The market needs a lot more stability and sanitizing before we can see a "light of hope".

I think SEC has already delayed the decision before also and now there is no option left for them to delay it again. The only option here for SEC is that they approve bitcoin ETF. Also they have no reason to disapprove it as if they were to disapprove, they could have done it before and there was no need for them to keep waiting .
legendary
Activity: 1946
Merit: 1137
January 10, 2019, 03:24:51 AM
#51
SEC are just playing us around since last year by giving us false hope about the approval of bitcoin ETF. That is why it once considered trigger the sharp fall. SEC will not approve ETF.

SEC did no such thing, you gave yourself false hope on your own!
in fact their stance has been pretty clear in my opinion and if you read some of their statements after they reject each ETF you can see that their reasons have not changed at all which means they will continue to reject ETFs in the future too. the difference is that each time a bunch of people get hyped up for no reason Cheesy
although that is almost over now and there is nobody left to be hyped up anymore which is why we no longer see any drop when they reject them.
jr. member
Activity: 336
Merit: 1
January 10, 2019, 02:41:30 AM
#50
Sec is showing positive attitude towards cryptocurrencies and this coming etf decisions may turn positive and market may see bull rally thereafter
sr. member
Activity: 784
Merit: 250
January 09, 2019, 06:59:56 PM
#49
SEC are just playing us around since last year by giving us false hope about the approval of bitcoin ETF. That is why it once considered trigger the sharp fall. SEC will not approve ETF.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
January 09, 2019, 06:56:16 PM
#48
I think this time around, SEC will approve bitcoin ETF this year. My reason is, the year 2018 had brought the price of bitcoin to go down. Some bitcoin holders panic and skld their bitcoin. However, huge investors took advantage by buying instead. Now that they have more bitcoin, the SEC can now approve the Bitcoin ETF.
hero member
Activity: 2632
Merit: 833
January 09, 2019, 01:26:09 PM
#47
Nay. SEC has been toying with us since the first Winklevoss rejection in 2017 and have been denying 8 or 9 applications ever since so I don't think the Van Eck / Solid X will have a different result.

They are just prolonging their decision, but at the end they will still rejected it. So don't put too much hope on it so that you won't be disappointed in the end.

The market is very volatile and risky and there are lots of un-named whales that can manipulate the price, maybe those are the reasons we won't see any ETF's in the future.
member
Activity: 434
Merit: 10
January 09, 2019, 01:18:40 PM
#46
There are still many obstacles on the road before the ETF can be officially approved, plus an ETF proposal made last year by Winklevoss (from Gemini's crypto exchange) and then rejected on the grounds that Bitcoin is too easy to change.

However, based on changes in sentiment by the SEC, experts indicated that we could see ETF approval on August 15. If the initial market reaction is any indicator, now might be a good time to start buying more Bitcoin and Altcoin while the price is still relatively cheap.
hero member
Activity: 1820
Merit: 515
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January 09, 2019, 12:58:45 PM
#45
I don't make sense even if they disapprove it always, they can't influence the market by their decisions and why should we always focused on US SEC decisions even though crypto is globally traded 24/7? just my opinion.
Its just a strategy to manipulate us by saying the ETF approval again and again,but it doesn't going to make any advantage for the bitcoin for its usage,if ETF gets approved it will make the bitcoin to be considered only as an asset and it can be only found in the hands of rich people.
copper member
Activity: 140
Merit: 3
January 09, 2019, 11:54:11 AM
#44
Have to hand it to the winklevoss twins for their perseverance, that is why they are millionaires and most of us are not. It will get approved one day, when the price stabilises with less pump and dump we will get it
sr. member
Activity: 1540
Merit: 420
www.Artemis.co
January 09, 2019, 09:44:52 AM
#43
I don't make sense even if they disapprove it always, they can't influence the market by their decisions and why should we always focused on US SEC decisions even though crypto is globally traded 24/7? just my opinion.
member
Activity: 364
Merit: 13
November 22, 2018, 05:44:42 PM
#42
I am mistified in this matter, a motnh ago I red that 26 of October is the last date of several proposals but recenlty - 5th Novemeber.
in anycase havent seen any big news on the matter , it seems that market does not care and thats a good thing.

I personally dont see this happening any time soon, SEC resaons for rejctions were clear."
hero member
Activity: 2660
Merit: 651
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November 08, 2018, 05:14:14 PM
#41
Still people talking about this?
I was thinking no one cares anymore.


I don't believe it is going to be approved in the next months, or years. I would rather bet on XRP or BCH to get this approval  Grin

first Bitcoin ETF must appear in mid 2019 so it's a waste of time to wait the approval in 2018. and this means that the price of bitcoin will not grow fast.


Did I miss something? Who or where do you know from that anytime 2019 there MUST  Huh Shocked be approved a Bitcoin ETF? Do I read the wrong news:
https://cryptodaily.co.uk/2018/11/why-we-might-be-waiting-a-while-for-the-bitcoin-etf/
You definitely don't read the wrong news but we both know that the government are corny and they know how to do things for their own selfish reason. I personally don't see bitcoin ETF approve this year or reach mid of next year.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
November 08, 2018, 03:10:55 PM
#40
100% Nay.

Even if they loved the idea, and presumably they do not, there's simply no way to make it fit within their remit. The only people who are in a hurry about this are us lot. No one else cares or wants it. 

My guess is that there'll be other ways for the money we're fantasizing about here to get in, Bakkt is an obvious one, until by the unlikely time an ETF did arrive it would barely be worth remarking on.
jr. member
Activity: 336
Merit: 5
Culotte Jaune Officielle
November 08, 2018, 03:04:14 PM
#39
Only one has the potential to be accepted from the SEC but I don't think it will happen so soon. The market needs a lot more stability and sanitizing before we can see a "light of hope".
jr. member
Activity: 64
Merit: 1
November 08, 2018, 02:08:28 PM
#38
They will continue postponing their decision, until they can come up with a proper excuse to deny all applications. I seriously

think this will never happen and they knew this from the start. Some people on the inside know this, but they are making tons

of profit on the hype that are built around this.  Angry  Just write off your hopes for this and continue as normal without it.  Wink

I completely agree with you.

Why should the SEC approve a Bitcoin ETF, since Bitcoin is seen as the enemy of the traditional financial sector. Yes, they invest heavily in blockchain technology, but not to give a decentralized peer to peer money system to the common people  Grin They rather would like to build a highly centralized "blockchain" that they can fully control and on top of that they want to charge the people for all that, just like they do today. And still there are lots of people who hope for the Bitcoin ETF to become reality already tomorrow. Yes, sure, you want to make 1000x on your investment fast  Grin

If you still believe the Bitcoin ETF rumors, I have an other thought you should consider: do you really think people who regulate the stock market and know where the gains are will give you the big gains while they themselves are not invested. The Bitcoin will not be approved before Wallstreet is able to get his share in the cake because they always want to make a killing  Grin
legendary
Activity: 1904
Merit: 1074
November 08, 2018, 11:28:29 AM
#37
I am mistified in this matter, a motnh ago I red that 26 of October is the last date of several proposals but recenlty - 5th Novemeber.
in anycase havent seen any big news on the matter , it seems that market does not care and thats a good thing.

I personally dont see this happening any time soon, SEC resaons for rejctions were clear.

They will continue postponing their decision, until they can come up with a proper excuse to deny all applications. I seriously

think this will never happen and they knew this from the start. Some people on the inside know this, but they are making tons

of profit on the hype that are built around this.  Angry  Just write off your hopes for this and continue as normal without it.  Wink
hero member
Activity: 2492
Merit: 542
November 08, 2018, 09:51:23 AM
#36
I really believe that its not time for etf now but I hope next year especially in quarter 1 a new bitcoin etf will be approved and this one is really bullish to bitcoin this might be the new bull run we are all waiting for after the bear market in this year. If this happens more and more money will enter the world of crypto especially bitcoin.   
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