Topic: SEC Grants Approval For Bitcoin ETFs -- HOAX (Read 254 times)
The best thing to come out of this fiasco are the memes.
But if ARK gets a "NO"? 
I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
It can be a test from market makers to see how strong buying force is to hold the price and is it a big barrier for their manipulation to dump the price. It's only a conspiracy theory and market makers can pump it too.I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
I am more keen on a big correction for Bitcoin after 4 months of bullish, it is no surprise to see a big correction. I believe it to happen because before halving, Bitcoin usually has a big dump to test the market. I really believe that from January to April, it will be nearly impossible to see a black swan event like Covid-19 in 2020. So SEC denial will be a good replacement to test the market.
I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
Bitcoin / USD exchange rate was ~25,000 in October. It is approximately 45,000 today. So it is up 80% in 3 months. Isn't it the upward trend that you seek? Isn't it enough?
I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
Ark's ETF has a final deadline today, they will definitely get a vote on it.
The others don't have the same deadline as Ark:
but everyone speculates that the SEC will approve more of them if they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.
But if ARK gets a "NO"?
I believe that with what the price movement of Bitcoin has been showing us, the ETF won't be approved today. There should be, at the minimum, some excitement and a small surge on Bitcoin going to $50,000, no?
The fact that there are traders selling at the $47,000 level without enough bids to hold it could be an indication that the expectation is negative.
But as the owner of X, he probably should investigate the issue, and it wouldn't be very hard for the admins in X in my opinion. They could simply check the Logs of IP Addresses used by the SEC, and find if there was an IP change during the time of the attack and from where the hacker logged in from.
I think they already did.
If the SEC is caught lying, then that should be considered a form of market manipulation, no?
Yeah! But who is going to judge them? It's their domain.
but everyone speculates that the SEC will approve more of them f they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.
So speculations are that if Arks gets a yes so do the others that met all the requirements.
Thanks for the picture.
So the most important date is the 15th of March, where all the rest need to be decided. That's approximately 1 month before the halving, which is also important to note. Let's see how it goes, I doubt it's going to be good for Bitcoin, but as I have said multiple times, they need to control as much Bitcoin as they can and this is a way to do it.
I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
Ark's ETF has a final deadline today, they will definitely get a vote on it.
The others don't have the same deadline as Ark:
but everyone speculates that the SEC will approve more of them if they give ARK a positive response since they would not want to make it look as they favor a single one by letting them get ahead of others.
So speculations are that if Arks gets a yes so do the others that met all the requirements.
Their official representative X account was compromised, it's okay because X is not their home but they must at least secure their account properly. As a governmental agency, they must have enough security layers to do this for their account.
They even can go further by saying their official website is compromised and no announcement about approval will be made. It is another big joke if they do this because announcement can be made online or offline and online announcement is not a gold standard for official announcement.
SEC. is exaggerating importance of X and social media.
They even can go further by saying their official website is compromised and no announcement about approval will be made. It is another big joke if they do this because announcement can be made online or offline and online announcement is not a gold standard for official announcement.
SEC. is exaggerating importance of X and social media.
Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.
There have been many comments sent to Elon asking him to check the IP address of SEC's account X to know exactly whether they were really hacked or just playing tricks on themselves to manipulate the market. But I think Elon will not interfere in this.
But as the owner of X, he probably should investigate the issue, and it wouldn't be very hard for the admins in X in my opinion. They could simply check the Logs of IP Addresses used by the SEC, and find if there was an IP change during the time of the attack and from where the hacker logged in from.
If the SEC is caught lying, then that should be considered a form of market manipulation, no?
I have lost the whole ETF approval subject, but now I tried to research about it.
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
What I haven't yet understood is which ETFs are supposed to be approved/rejected today. Is it only the ARK's ETF, or there will be one decision for every company's ETF?
I thought BlackRock also wanted to create a bitcoin ETF. Will this be decided on another date?
Yeah well easy profit for whoever hacked the account huh? ... 'hacked' Probably Gary himself trying to buy some coins for a discount before the price rockets up after the approval. 
Yeeha, of course, I mean the guy that was teaching courses on Bitcoin in 2018 at MIT when BTC was $7k really needs to have the price dropped to grab some coins...
I do believe that Gary Gensler made a long position after the SEC tweet and made a short position before he tweeted about the hack. So profitable whenever the price is going.
Yeah, the guy getting 300k a year is going to open long and short positions on Binance and trade for a few thousands with the risk of getting to jail for market manipulation
Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke.
Meanwhile one of the lead developers of Bitcoin got his coins stolen from his own cold storage...see how this works?
From in Forum Drama to the World of X and the Government
Bitcoin has Legendary Drama
Bitcoin has Legendary Drama
2024 only just started and this is already an Event of the Year contender!
Yeah I read the tweet and was super excited. Then I checked the price and was wondering why it went down after they said it was approved, looked fishy. Then it came out saying it was a hack.
The investigation concluded that they used an account without 2fa. Which is funny because they tell people to use 2fa but they themselves don’t even use it on their important twitter handles. Very badly run operation down there.
The investigation concluded that they used an account without 2fa. Which is funny because they tell people to use 2fa but they themselves don’t even use it on their important twitter handles. Very badly run operation down there.
Just a classic centralized scam, is anyone still believing in government, CEX, or any other institutions that looks safe? think about it.
Imagine if Bitcoin ETFs was accepted, many people invest it and then after few months or year, they will announce if theirwallets exchanges has been hacked. They could steal people' money, move away without any worries and then people will say Bitcoin ETFs is scam, when it's actually scam before SEC approve it.
Imagine if Bitcoin ETFs was accepted, many people invest it and then after few months or year, they will announce if their
The SEC Trust us also SEC we don't 2 FA so if you lose millions of dollars our bad 
It was a hoax people.
According to Gary Gensler:
I've got a bac feeling about this since over the past couple of weeks we have seen a couple of cases of market manipulation attempts like this on the internet which means some people are trying to "pump" bitcoin. The bad part is that when SEC rejects ETF (which is a strong possibility IMO considering their history) we could see the same market manipulators start shorting the hell out of bitcoin and crashing the market! According to Gary Gensler:
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
It was a hoax people.
According to Gary Gensler:
Is this considered a rejection, i.e. the final decision, or is it a denial of the tweet? The wording of the tweet denies the entire news, not the text of the tweet.According to Gary Gensler:
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.
Not only hacking, but in the time of hacking. If there is a hacker who was able to access the account at a time when he might gain profits from publishing a tweet, this means that he can access the account at any time.Hacking government Twitter accounts seems like an easy thing.
X just confirmed that the SEC's account was hacked and the reason was because they did not enable 2FA security. This is funny. And one theory being discussed about X is that this will be the reason why the SEC continues to delay approval of ETFs to investigate the hack. Everything is so dramatic and we are all easily manipulated by them, with just a few simple operations and some news they can manipulate everything. Personally, I also don't believe that everything is so strangely coincidental.
https://twitter.com/Safety/status/1744924042681897343
It was a hoax people.
According to Gary Gensler:
Is this considered a rejection, i.e. the final decision, or is it a denial of the tweet? The wording of the tweet denies the entire news, not the text of the tweet.According to Gary Gensler:
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.
Not only hacking, but in the time of hacking. If there is a hacker who was able to access the account at a time when he might gain profits from publishing a tweet, this means that he can access the account at any time.Hacking government Twitter accounts seems like an easy thing.
Their official representative X account was compromised, it's okay because X is not their home but they must at least secure their account properly. As a governmental agency, they must have enough security layers to do this for their account.
They even can go further by saying their official website is compromised and no announcement about approval will be made. It is another big joke if they do this because announcement can be made online or offline and online announcement is not a gold standard for official announcement.
SEC. is exaggerating importance of X and social media.
They even can go further by saying their official website is compromised and no announcement about approval will be made. It is another big joke if they do this because announcement can be made online or offline and online announcement is not a gold standard for official announcement.
SEC. is exaggerating importance of X and social media.
Can the account of a top US government agency be hacked so easily? And they took them 15 minutes to control and correct the news, what a big joke. We really don't know what's going on, but from what's going on, I have a feeling that even the SEC wants to manipulate this potential market for its own profit. They also want to make money from this market but abuse their power to make profits, what a shameful act.
There have been many comments sent to Elon asking him to check the IP address of SEC's account X to know exactly whether they were really hacked or just playing tricks on themselves to manipulate the market. But I think Elon will not interfere in this.
We should quote this one....:
And it wasn't the SEC posting that. It wasn't the agency's statement. It was simply a tweet purportedly from its chairman's account which, as proven, could be hacked. Whether or not it was coming from an official social media account of a member of the SEC, it wasn't the SEC releasing an official statement. Social media accounts of people can't be fully trusted as an information source. Even accounts of presidents could be taken over by anybody.
It was a hoax people.
According to Gary Gensler:
According to Gary Gensler:
The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
The real reason they made the fake announcement was to get Bitboy out of the premises heheheehehe.
In any case, the skeptical me thinks that the announcement was made by mistake and it was supposed to be made this day on January 10th and not yesterday. According to many people on social media, the announcement appeared like it was very well composed and it appeared ready from uncle Gary's drafts folder.
However, what uncle Gary might also do is delay the ETF decision again to investigate the hack.
Jump to: