So no one cares about ETF decision, right? - page 3.

pereira4

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Quote from: aso118 on March 11, 2017, 05:20:24 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?

Water off a duck's back. When the price dipped down briefly, all people saw was a massive buying opportunity.
The doomsday prophets have been proven wrong.

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

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

I heard of one bear who made a 50x short and lost all his money. That was because the price went up to #1325 and wiped him out, before it started crashing. Grin

The pump before the dump was insane. Those pesky whales are really Machiavellian. It's funny how they shaked all the shorts before the dump.

The question now is: what to do in the next ETF in march 30th?

Good video btw:

https://www.youtube.com/watch?v=jSZTK_ofQXc

batang_bitcoin

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Quote from: FlightyPouch on March 11, 2017, 05:46:25 PM

Quote from: batang_bitcoin on March 11, 2017, 05:03:06 PM

Upon waiting the result I really don't care at all but I know the advantage if that will be approved. But I don't want to disappoint myself by waiting the result as a positive one. There are more good news to come this isn't a big deal at all.

This decision is a tough one though, ETF might be the gate for the new possibilities that might happen. I am hoping for the twins to be accepted, it is a cool idea having assets like bitcoin which is really hard to put your money on. I know it is not a big deal for other users, but we must also think of the possibilities, I hope that ETF will be accepted.

It might be but we just need to accept the fact that ETF isn't the real deal in bitcoin. Bitcoin can live without it and if we can trace back the history of bitcoin, there isn't a thing called ETF that helped it reach the price to climbed up to $1,000+. The government (SEC) doesn't really see that bitcoin is suitable for it, that's fine.

lionheart78

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Quote from: ethereumhunter on March 12, 2017, 09:51:00 AM

i think ETF decision is not giving big impact with bitcoin but its about approval of bitcoin for the country. with the less of people which is using bitcoin, then in one country they don't want to see the bitcoin price is higher than now and they will cover their commodity to not drop because of bitcoin. maybe ETF will be approve in future after we see many people is using bitcoin in their daily life and many people from each country have bitcoin and spending bitcoin too.

It was a short lived impact. I think right after the rejection Bitcoin price go dip to sub $1000, around $980 if I am not mistaken but then it recovered back to & 1k plus. Probably people saw the dip and get on panic buying mode lol. Though it went down back to sub $1100 but it recovers again and now sitting at around $1200+. Probably people realized Bitcoin does not need ETF at all.

ethereumhunter

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i think ETF decision is not giving big impact with bitcoin but its about approval of bitcoin for the country. with the less of people which is using bitcoin, then in one country they don't want to see the bitcoin price is higher than now and they will cover their commodity to not drop because of bitcoin. maybe ETF will be approve in future after we see many people is using bitcoin in their daily life and many people from each country have bitcoin and spending bitcoin too.

Kprawn

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We should be happy about the denial for this ETF, because this would lead to more smaller investors and Bitcoiners selling out to the "Big" whales

in Wall Street. Our aim is to put coins into more people's hands. {The average Joe} The more people using Bitcoin and spreading the "word"

about it, would increase adoption. A ETF will just gather a bunch of coins in a central location and they will sit there unused. The people pushing

for the ETF approval was just speculators hunting for a quick way to make a profit.... We should not want that for Bitcoin. Roll Eyes

Oilacris

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Quote from: Betwrong on March 12, 2017, 09:03:02 AM

Quote from: eaLiTy on March 11, 2017, 06:56:39 PM

Quote from: jakelyson on March 11, 2017, 06:00:06 PM

It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

I did not know that the price went down below $1000 yesterday ,when did that happen as i could not see that kind of drop in any exchange i deal.There was a drop of $100 yesterday and the range of bitcoin was changing pretty fast for a couple of hours after the news came out that the ETF has being rejected and we still have two more approvals from two different companies .

I also haven't noticed below $1,000 anywhere. It was more like around $1,050 but not less than that. It's good to see that Bitcoin is slowly climbing back to $1,200 these days. So the ETF decision have had only a small impact on Bitcoin's price and it lasted only couple of days.

This is right even after the rejection the price didnt dropped to low and it didnt even go lower $1k price which is really good and we do now observed that it increasing continously.I could say that theres no really effect at all even they reject bitcoin.No one really cares and now we are going back to the normal days of waiting of bitcoins price increase.

BitFinnese

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There are still people who cares about ETF decision, if no one cares then why does Bitcoin price crashed right after the rejection? It is that Bitcoin holder saw the opportunity to buy more coins to increase their stash so it recovers fast. The recent price increase where because of ETF hype and now we are back to where it was before that rejected ETF hype started.

Betwrong

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Quote from: eaLiTy on March 11, 2017, 06:56:39 PM

Quote from: jakelyson on March 11, 2017, 06:00:06 PM

It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

I did not know that the price went down below $1000 yesterday ,when did that happen as i could not see that kind of drop in any exchange i deal.There was a drop of $100 yesterday and the range of bitcoin was changing pretty fast for a couple of hours after the news came out that the ETF has being rejected and we still have two more approvals from two different companies .

I also haven't noticed below $1,000 anywhere. It was more like around $1,050 but not less than that. It's good to see that Bitcoin is slowly climbing back to $1,200 these days. So the ETF decision have had only a small impact on Bitcoin's price and it lasted only couple of days.

savioroshan

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I personally thought ETF decision would reflect in bitcoin price. But couldnt see much difference. I think no one cares about it. I think no one will stop the usage of bitcoins under any circumstances because of its huge advantage. Definitely even I wont stop the usage of bitcoins. Actually I was planning to get some bitcoins, if its price reduced after ETF decision.

Stedsm

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Quote from: eaLiTy on March 11, 2017, 06:56:39 PM

Quote from: jakelyson on March 11, 2017, 06:00:06 PM

It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

I did not know that the price went down below $1000 yesterday ,when did that happen as i could not see that kind of drop in any exchange i deal.There was a drop of $100 yesterday and the range of bitcoin was changing pretty fast for a couple of hours after the news came out that the ETF has being rejected and we still have two more approvals from two different companies .

I don't know how didn't you notice, but ETF actually affected the prices a bit when Bitcoin slipped from $1250 to $950, but luckily, it corrected itself from that level to $1200 and is now staying above $1170 which has been a strong resistance level since the last 2 days. Jake said right that we should wait for the next ETF's results, but I am still not seeing anything positive happening as when Winklevoss brothers' ETF got declined, then the other 2 are not that major.

eaLiTy

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Quote from: jakelyson on March 11, 2017, 06:00:06 PM

It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

I did not know that the price went down below $1000 yesterday ,when did that happen as i could not see that kind of drop in any exchange i deal.There was a drop of $100 yesterday and the range of bitcoin was changing pretty fast for a couple of hours after the news came out that the ETF has being rejected and we still have two more approvals from two different companies .

shinratensei_

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Quote from: jakelyson on March 11, 2017, 06:00:06 PM

It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

Nothing to say about ETF, it's a shit pump to make a lot of the people are getting a heart attack. In this time no one cares about ETF, that's just a spamming the SEC email to get approval for the bitcoin ETF.
And i think bitcoin can growing more without ETF

swogerino

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It is starting to look as if nobody did really care because as soon as it dropped it bounced right back to where it was and is still over $1171 so not to bad on weathering the storm of news connected directly to it.

jakelyson

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It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

crairezx20

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I thought that ETF decision will be release on sunday not now.. and hoping that we will see positive result do have guys a link where we can see those updates about ETF approval?
If its ETF was disapprove i think it will not go down into $1000 as mark and hope that people will sell bitcoin due to high price miners fee increase.
We are in crisis where we are paying large fee in every transaction.. unlike before..

FlightyPouch

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Quote from: batang_bitcoin on March 11, 2017, 05:03:06 PM

Upon waiting the result I really don't care at all but I know the advantage if that will be approved. But I don't want to disappoint myself by waiting the result as a positive one. There are more good news to come this isn't a big deal at all.

This decision is a tough one though, ETF might be the gate for the new possibilities that might happen. I am hoping for the twins to be accepted, it is a cool idea having assets like bitcoin which is really hard to put your money on. I know it is not a big deal for other users, but we must also think of the possibilities, I hope that ETF will be accepted.

batang_bitcoin

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Upon waiting the result I really don't care at all but I know the advantage if that will be approved. But I don't want to disappoint myself by waiting the result as a positive one. There are more good news to come this isn't a big deal at all.

Idrisu

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From the beginning bitcoin was not developed to be like stock and the decision of American security and exchange commission could not affect bitcoin much. Bitcoin is a decentralised crypto currencies, any attempt to treat it as a property then subject bitcoin under tax laws will not hold and it will continue going stronger.

achow102

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Quote from: cpfreeplz on March 11, 2017, 01:01:35 PM

Apparently no one cares. We're seeing pretty stable climbing numbers now. I would have ht most people had bought on speculation but apparently it wasn't a huge amount of bitcoiners. I'm glad to see it either way!!

Yes, bitcoin showed himself very well. Some people waited for the price to drop to $ 900. But bitcoin survived, it becomes more stable

amacar2

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HYPE about bitcoin ETF was high before the decision so few newbie traders also bought bitcoin with the hope of multiplying their bitcoin after ETF approval without knowing what actually is bitcoin ETF.

Than when they see it got declined they sold almost all bitcoin that they have bought before being panic but elite traders have already sensed this so they have placed some big buy orders at low price range which got filled quickly by those dumps and now price has again started another bullish run. Grin

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