SEC Bitcoin ETF Decision - Yea or Nay? - page 2.

fommes86

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Quote from: nikola22 on November 07, 2018, 04:57:20 PM

Quote from: timotron on November 05, 2018, 05:36:46 AM

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

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/

nikola22

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Quote from: timotron on November 05, 2018, 05:36:46 AM

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.

fommes86

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Quote from: CryptopreneurBrainboss on November 05, 2018, 07:12:02 AM

On your next poll consider adding a default option. something like "Don't care" because that's actually how I feel about the whole ETF issue. Just as the user ETFbitcoin said,

Quote from: ?? on ??

What bitcoin need is legality as currency (or at least payment method) where people have full access of their coins, not ETF where bitcoin only can be used as investment to be and investor have no control over their coins.

ETF is a centralized feature, so does bitcoin truly needs it? I mean we all say we want power in our hands yet we give it away the second we receive it. We should concentrate more on getting bitcoin legalized as a currency instead of an investment.

Totally agree Cool

Why do people hype a possible Bitcoin ETF? I would say because of greed and FOMO Grin

By the way, in my opinion there are already better solutions than a Bitcoin ETF approved by the SEC. What do you think about as CTIs (Crypto Traded Indices) or Crypto Trackers? Huh

One good approach is in my opinion trakx, condensed down they are building Crypto Trackers, which ar an easy-to-use, low cost, and efficient way to take part in the cryptocurrency market by investing in the crypto currency market as a whole, or in a select basket, instead of just focusing on Bitcoin alone. This will most definitely mean higher gain potential but as well better diversification. By the usage of smart contracts Crypto Trackers enable a no trust investment vehicle.

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Casdinyard

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Quote from: NeuroticFish on November 05, 2018, 07:46:58 AM

Quote from: CoinClarity on November 05, 2018, 05:14:55 AM

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC.

Some ETF denials dropped the price, some did't have any effect. So I would not bet my money onto ETF approval as bull trend catalyst, not anymore. If it'll happen, OK, but if it doesn't, it's also OK.
Maybe we should start thinking on a correct, slow growth instead of a speculative bubble.

Well yeah, that will be more realistic than having a bubble, isn't it?
So 2017 is just a bubble of cryptos and 2018 is the real face of cryptos.
I'm wondering what's next for 2019.

Tbh, etf issues has getting to my nerves, maybe we should let this issue dies so whales won't get the idea again to use this to manipulate the price. This issue is so old and pettish.

cabron

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Quote from: LFC_Bitcoin on November 05, 2018, 03:01:36 PM

- today's deadline is for public statements on the SEC's review of the rejected ETFs
- the SEC has no deadline to finish that review
- the VanEck/SolidX deadline is Dec. 29 with possible delay to Feb. 27

I think they will keep declining it forever so we could just keep hanging on. Declined and declined while they still kept reviewing is just a bullshit hear breaking lie for the hopeful. By feb 27, they will again postponed the decision to move it to next year. You think they are waiting for something for instance an exchange they own that they can monitor users?

qiman

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Quote from: NeuroticFish on November 05, 2018, 07:46:58 AM

Quote from: CoinClarity on November 05, 2018, 05:14:55 AM

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC.

Some ETF denials dropped the price, some did't have any effect. So I would not bet my money onto ETF approval as bull trend catalyst, not anymore. If it'll happen, OK, but if it doesn't, it's also OK.
Maybe we should start thinking on a correct, slow growth instead of a speculative bubble.

I agree with this statement, trying to rely on one piece of news to hold the whole market to ransom is not a good idea, but the shorters play on this kind of news and if the news is negative, they will immediately use their bearish sentiment and short Bitcoin and other altcoins to take their profits for the week. They have bled this market dry over the last year and also the pump groups at work also have taken a stake in this. Whether ETF is approved or not today, we most likely will get bearish sentiment out of it.

pooya87

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SEC has been playing with ETF for more than a year now and each time they keep postponing their decision on the big proposals as long as they can and eventually they end up rejecting it. and all the while some people in bitcoin community seem to be hung up on their decision for some reason to see what will happen!
i think eventually they will accept ETF but soon after the same people will realize that they were waiting for something not only useless but possibly even harmful to bitcoin future.

CoinClarity

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Quote from: LFC_Bitcoin on November 05, 2018, 03:01:36 PM

- today's deadline is for public statements on the SEC's review of the rejected ETFs
- the SEC has no deadline to finish that review
- the VanEck/SolidX deadline is Dec. 29 with possible delay to Feb. 27

Hmm guess a lot of the media got it wrong then, myself included.

https://www.blockchainreporter.net/2018/11/05/sec-decision-on-bitcoin-etf-will-not-be-announced-on-november-5/

Burogh

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I am believe soon or later ETF will approved. Investment Institution like Goldman Sachs already make bitcoin trading desk and i think its attracing more investor to invest in bitcoin. SEC will approve it because many bitcoin demand

Wingleness

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Quote from: CoinClarity on November 05, 2018, 05:14:55 AM

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC. As we all know (or may not know), all 9 Bitcoin ETF applications were rejected by the SEC thus far, and after a delayed re-evaluation on the matter they pushed back their final decision announcement until today, November 5th.

https://www.coindesk.com/vaneck-and-solidx-unfazed-by-the-secs-latest-bitcoin-etf-delay/

https://bitcoinexchangeguide.com/sec-bitcoin-etf-approval-decision-for-9-different-exchange-trade-funds-to-happen-next-few-days/

So let's do some speculating on the outcome before hand as there are only but a few hours to go.

I've decided not to be perturbed with the whole SEC and ETF situation because it's still gonna be dragged for bit while. It's high time investors understand that this situation will keep dragging for a long time to come.

LFC_Bitcoin

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- today's deadline is for public statements on the SEC's review of the rejected ETFs
- the SEC has no deadline to finish that review
- the VanEck/SolidX deadline is Dec. 29 with possible delay to Feb. 27

101nowby

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The solution already exists, we will hear it later. A lot of rumors roam on Twitter.
Rumors are not born from scratch Grin

shamc

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Bitcoin needs the etf to become better established, there are plenty of alts like Monero that can be used for private purposes outside the use of banks and prying eyes

metalglowd

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Quote from: CoinClarity on November 05, 2018, 05:14:55 AM

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC. As we all know (or may not know), all 9 Bitcoin ETF applications were rejected by the SEC thus far, and after a delayed re-evaluation on the matter they pushed back their final decision announcement until today, November 5th.

https://www.coindesk.com/vaneck-and-solidx-unfazed-by-the-secs-latest-bitcoin-etf-delay/

https://bitcoinexchangeguide.com/sec-bitcoin-etf-approval-decision-for-9-different-exchange-trade-funds-to-happen-next-few-days/

So let's do some speculating on the outcome before hand as there are only but a few hours to go.

Even though the SEC fully accepts ETFs, this may only eliminate the essence of bitcoin and crypto, the origin of which is "decentralized". If etf is accepted, I am sure, bitcoin will later become centralized and it will be no different from the current Bank system

levvv

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Quote from: CoinClarity on November 05, 2018, 05:14:55 AM

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC. As we all know (or may not know), all 9 Bitcoin ETF applications were rejected by the SEC thus far, and after a delayed re-evaluation on the matter they pushed back their final decision announcement until today, November 5th.

https://www.coindesk.com/vaneck-and-solidx-unfazed-by-the-secs-latest-bitcoin-etf-delay/

https://bitcoinexchangeguide.com/sec-bitcoin-etf-approval-decision-for-9-different-exchange-trade-funds-to-happen-next-few-days/

So let's do some speculating on the outcome before hand as there are only but a few hours to go.

Lol, do you think they will decide it today? I bet they will postpone about their decision again. They are waiting for the audiences response about bitcoin ETF.
But if btc ETF approved, it will surely become a catalyst for bull market because the bull market has not yet come this year.

dewildance

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I don't think the SEC can decide. There will be a further delay. As far as I know, US legal regulations are inadequate for Bitcoin. Maybe there is a need for an improvement first.

NeuroticFish

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Quote from: CoinClarity on November 05, 2018, 05:14:55 AM

This was supposed to be the #1 catalyst of upward trajectory in an otherwise poopy year for the price of BTC.

Some ETF denials dropped the price, some did't have any effect. So I would not bet my money onto ETF approval as bull trend catalyst, not anymore. If it'll happen, OK, but if it doesn't, it's also OK.
Maybe we should start thinking on a correct, slow growth instead of a speculative bubble.

qiwoman2

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I doubt this year we will see any ETF unless they decide to give a green light to the CBOE ETF in December, I think personally they will not until next year, but then again you might get a different result when everyone expects the opposite. Big institutions have been buying Bitcoin and other big alts over the counter so they might want to pump them to their clients in the new year or after the Chinese new year. I don't see any bitcoin or altcoin pump over the Xmas holidays when all the whales want to take out their profits for their big yacht parties. Don't expect anything fantastic to happen in 2018, this year has been a crappy one at best.

CoinClarity

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Quote from: CryptopreneurBrainboss on November 05, 2018, 07:12:02 AM

On your next poll consider adding a neutral choice something like "Don't care" because that's actually how I feel about the whole ETF issue. Just as the user ETFbitcoin said,

Quote from: ?? on ??

What bitcoin need is legality as currency (or at least payment method) where people have full access of their coins, not ETF where bitcoin only can be used as investment to be and investor have no control over their coins.

"Don't care" is too much of a default option.

And its weird that the guy you are quoting's name is ETFbitcoin and he's unironically anti-ETF. That's the whole point of any ETF -- be able to trade the price of something without actually having to own any of it.

aioc

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It's long been delayed and they keep delaying it I don't know how much long are they going to delay,I stopped hoping it will get approved you will just get disappointed if you keep watching the date of their decision, with or without those decision I will continue to be a part of cryptocurrency.

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