So no one cares about ETF decision, right?

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: European Central Bank on May 19, 2017, 08:18:15 PM

Quote from: iluvpie60 on May 19, 2017, 08:01:02 PM

Has their been any updates on the ETF? I have not see anything in the news about it. Supposedly something was supposed to happen this week or last week and it didn't?

What is going on? Can we expect a crash of price if a decision is handed out(for the 3rd time of not approving the ETF)?

the latest thing to happen was the closure of comments on the decision that ended on the 18th.

next is the rebuttals to the comments which ends on june 1st. i dunno what that's supposed to mean.

then they say no again some time after that. i'll be amazed if there's any type of significant dip this time. it's such an obvious no that it's barely worth thinking about.

Nothing significant has changed about bitcoin. So what can change their mind? The only thing that can be the reason why ETF will be approved was because they actually wanted to approve it back then, but didn't have the time to make good decisions or they simply think that it's not the right time. They already said 'No' to us so people are expecting 'No' again from them. Actually, why even bother asking them again and again when we haven't developed anything significant like the Lightning network yet. There's also very little time between the last ETF decision and this coming ETF decision.

leopard2

legendary

Activity: 1372

Merit: 1014

Honey badger doesn't give a shit... Cheesy

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: iluvpie60 on May 19, 2017, 08:01:02 PM

Has their been any updates on the ETF? I have not see anything in the news about it. Supposedly something was supposed to happen this week or last week and it didn't?

What is going on? Can we expect a crash of price if a decision is handed out(for the 3rd time of not approving the ETF)?

the latest thing to happen was the closure of comments on the decision that ended on the 18th.

next is the rebuttals to the comments which ends on june 1st. i dunno what that's supposed to mean.

then they say no again some time after that. i'll be amazed if there's any type of significant dip this time. it's such an obvious no that it's barely worth thinking about.

iluvpie60

hero member

Activity: 700

Merit: 500

Has their been any updates on the ETF? I have not see anything in the news about it. Supposedly something was supposed to happen this week or last week and it didn't?

What is going on? Can we expect a crash of price if a decision is handed out(for the 3rd time of not approving the ETF)?

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: ChineTownMan on March 17, 2017, 05:24:43 PM

It seems to me that this decision influenced bitcoin. And now its price is going down. The panic was a little late. But now people panicked and the price went down

The ETF rejection has nothing to do with current correction. If it had, the price would have crashed and didn't rebound almost immediately

Quote from: Iranus on March 17, 2017, 05:49:01 PM

The ETF decision was a shame but it was quite clear from the start to be honest, with all these ridiculous delays when Bitcoin was clearly against their regulations anyway. It's good that Bitcoin is even close enough to get considered though.

I don't think that it is a shame of the SEC part

They just did what they should have done anyway. Why would the Winklevoss kids want this ETF in the first place? If you have a functioning brain, you should understand that they are in for profits only, and I wouldn't be idealizing them as some Bitcoin supporters are doing or as Bitcoin supporters themselves. So why would they want this ETF approved if not to sell gullible folks their 100M dollar Bitcoin stash at high prices? If they just tried to sell their coins in the open market that would crash the price and they would be left with losses. This ETF is basically their safe boat to get out of Bitcoin without losses while grabbing some profits

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: ChineTownMan on March 17, 2017, 05:24:43 PM

It seems to me that this decision influenced bitcoin. And now its price is going down. The panic was a little late. But now people panicked and the price went down

No, The actives of the Chinese exchange sites are impacting the price of bitcoin. It looks like the price is down again to the bottom. Too many the manipulation of the bitcoin price in this day and I believe it will down again in the future and no doubt.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: Pettuh4 on March 16, 2017, 06:33:41 PM

Quote from: QuestionAuthority on March 16, 2017, 01:56:27 PM

Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?

The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.

So are you primarily implying the Chinese have succeeded in monopolize Bitcoin ? If that's the case then what's the purpose of decentralization?

The purpose of decentralisation is for it to be free of government and therefore supportive of democracy and open for other people to take part even if it is generally monopolised. There's also the fact that it means it's much harder for people to track you as there is still no set third party for any information to pass through.

The ETF decision was a shame but it was quite clear from the start to be honest, with all these ridiculous delays when Bitcoin was clearly against their regulations anyway. It's good that Bitcoin is even close enough to get considered though.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: ChineTownMan on March 17, 2017, 05:24:43 PM

It seems to me that this decision influenced bitcoin. And now its price is going down. The panic was a little late. But now people panicked and the price went down

Current decrease in price has nothing to do with the ETF anymore. We can thank all pools that are signalling BU support for the fact that the price is going down. If they just do the right thing and show support for SegWit, then we would be hovering around much higher price levels, plus it would take a lot pressure off the network. But then again, there where people are involved, things move over stormy waters. It's a damn shame.

ChineTownMan

member

Activity: 114

Merit: 100

It seems to me that this decision influenced bitcoin. And now its price is going down. The panic was a little late. But now people panicked and the price went down

just_Alice

hero member

Activity: 1274

Merit: 622

Quote from: Dudeperfect on March 11, 2017, 05:01:57 AM

We haven't seen any huge downfall (as expected) after the decision of ETF. Do you think that we as bitcoin users have not paid any value to the ETF's decision?

In the case of disapproval, the predictions were floating around below $1,000 mark but we haven't seen any such mark.

Is it too early to speak about it or we have given a message to the world something like this?

~

Interested in exploring community's opinion about it. Bears must be disappointed because they lost the chance to short for huge points.

Well, I don't think this rejection would have a big influence on BTC's price, considering that it exists for a long period of time and, in general, has increased and becoming more and more stable. BTC has only dropped about 15% and it is recovering very quickly.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: Pettuh4 on March 16, 2017, 06:33:41 PM

Quote from: QuestionAuthority on March 16, 2017, 01:56:27 PM

Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?

The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.

So are you primarily implying the Chinese have succeeded in monopolize Bitcoin ? If that's the case then what's the purpose of decentralization?

After heavy regulations imposed by PBOC, I am not seeing Chinese exchanges are not leading the market neither with volume nor with bitcoin prices. Sadly, I do see we are missing heavy players to bump prices harder like what we did see by end of last year.

A typical decentralization system usually poses being controlled by few people but over time we can see decentralization goes further stronger. (like when China can do, why we cannot ?).

Literally bitcoin etf rejection had no effect on bitcoin prices as it was categorized as extra benefit to bitcoin system and not a fundamental thing to affect price levels.

BitDane

sr. member

Activity: 1372

Merit: 348

Quote from: MARK GARCIA on March 17, 2017, 03:23:28 AM

Bitcoin is still growing and does not yet belong on etf markets. ETF'S are to similar to stock markets, which would only taint the purity of bitcoin and demoralize the values it stands for. Bitcoin is better off independent until it matures and is managed by new era leaders and agents of this generation. The world needs new money, new leaders and new ideas to move into new era.

Probably you have a point but, I also think that Bitcoin does not need an ETF because as decentralized system, anyone can join Bitcoin economy. They don't need the approval of SEC to join the community. After all Bitcoin and regulation does not fit together.

MARK GARCIA

newbie

Activity: 11

Merit: 0

Bitcoin is still growing and does not yet belong on etf markets. ETF'S are to similar to stock markets, which would only taint the purity of bitcoin and demoralize the values it stands for. Bitcoin is better off independent until it matures and is managed by new era leaders and agents of this generation. The world needs new money, new leaders and new ideas to move into new era.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Pettuh4 on March 16, 2017, 06:33:41 PM

Quote from: QuestionAuthority on March 16, 2017, 01:56:27 PM

Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?

The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.

So are you primarily implying the Chinese have succeeded in monopolize Bitcoin ? If that's the case then what's the purpose of decentralization?

It's as decentralized as any free open thing can be. Chinese have shit loads of money, they choose to buy bitcoin and no one can do anything about it. No one should really care either. It's making all of our coins more valuable. Besides decentralization doesn't come from ownership, it comes from control of mining or control of development.

Think of it this way, if I owned every bitcoin in the world except for 10 and I was spending 1 thousand bitcoins a day bitcoin would still be decentralized. Even though I'm the only person still using bitcoin all the miners would still be in place trying to get a share of the block reward and the fees from my transactions. Development would remain a hodgepodge group of unrelated coders honing their skills on bitcoin. At this point bitcoin is so widespread there's no reason to ever talk about centralization again.

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: QuestionAuthority on March 16, 2017, 01:56:27 PM

Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?

The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.

So are you primarily implying the Chinese have succeeded in monopolize Bitcoin ? If that's the case then what's the purpose of decentralization?

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?

The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.

szpalata

sr. member

Activity: 686

Merit: 253

Quote from: The_prodigy on March 16, 2017, 11:48:30 AM

Those big holders of bitcoin are waiting for ETH to be approved let's say years past and this is the first time that there an good opportunity coming , but since ETH rejection doesn't affect the price of bitcoin its doesn't matter to me at all bitcoin will still a bitcoin and it will be the same.

I totally agree with your comment. Circumstances surrounding Bitcoin has been independent of the ETF and so it doesn't matter whether or not it is approved. We were just looking for solutions and if a better solution is in the pipeline then we will just be patient and wait for it.

royalfestus

hero member

Activity: 2464

Merit: 519

Quote from: olubams on March 16, 2017, 11:56:33 AM

Quote from: Dudeperfect on March 11, 2017, 05:01:57 AM

We haven't seen any huge downfall (as expected) after the decision of ETF. Do you think that we as bitcoin users have not paid any value to the ETF's decision?

In the case of disapproval, the predictions were floating around below $1,000 mark but we haven't seen any such mark.

Is it too early to speak about it or we have given a message to the world something like this?

Interested in exploring community's opinion about it. Bears must be disappointed because they lost the chance to short for huge points.

The reason I can adduced to that is that people in this crypto-world e are getting more mature that we no longer give in to series of panic selling and that all not all news we allow to influence our decisions concerning bitcoin. When the momentum was high concerning what will happen to bitcoin if the decision is negative, I hold the believe that whether ETF or no ETF bitcoin will still stand and we will still be here and thats exactly what happened...

Bitcoin is also producing history, and history helps in decision making. People dont want to repeat their mistakes, more so news of speculations are everywhere. more analyst than we use to have. this can save from mistakes

Dimelord

hero member

Activity: 490

Merit: 500

Obviously,older days have gone when bitcoin progress was dependant on such decisions.Mojority of predictions said that bitcoin price would face a huge fall.But Bitcoin has proved every such predictions as wrong.This is a strong message that people all around the world have started to realize the true potential of bitcoin,the Digital gold.Bad luck to only those who believed the predictions and shorted their Bitcoins to rebuy at cheap price.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: pearlmen on March 16, 2017, 09:00:47 AM

We all care about ETF but since it has gone the way it does, I don't think there is any need to still gloat about what is in the past now. The moment we have all made up our mind and not to be affected negatively by one decision coming or going the more stability it gives to bitcoin and even shame those who are the evil predictions about how bitcoin will come crashing in case there is any negative news. So lets assume we don't care and move on

You hit the nail on the head

We all seemed to care about this wretched ETF, though it also looks like that we cared about it in a somewhat different ways (if not to say, in opposite ways). What I mean to say is that I, for one, didn't care so much about an approval (or disapproval) of this fund as about Bitcoin volatility that was linked to and caused by the SEC decision expectations on this matter. A few more bitcoins got eventually shaken from the weak hands, and that's what we have as a net effect of the whole Winklevoss effort. Besides, I'm also curious for how long people are going to discuss this topic

Topic: So no one cares about ETF decision, right? (Read 4296 times)