I wouldn't be surprised if people irrationally freak out about it. I could see the price dropping further once more people hear this news. Though realistically, CXBTF was
just made available on US markets about a month ago, and its all-time US trading volume looks to be only something like $5 million, so it's not as if a major player in the market was just removed.
According to some
apparent SEC quotes on CoinDesk, it looks like the SEC is annoyed by some language in CXBTF's marketing material, though I can't actually find the source of those quotes.
IMO about $1-2k of the price is built on top of people hoping for an ETF (which would probably quickly put the price well above $10k), so any news that hints for or against quicker ETF approval is likely to have major effects.
Bears and FOMO'ers are going to
milk the shit out of this news, no matter how small
Once the market gets hooked on the bulls horns we should take a nice relaxing vacation to bangkok. At some point you will be able to buy pussy with coin.
I would start here:
It's official. We are doing this.Yep I also had to downgrade my lifestyle.
Me too tbh, I’ve lived a bit of a false life since last year when I cashed in all my free BCH.
HODLING bitcoin is boring as fuck, having all that money but not being able to spend any of it. Fucking cock tease.
It’ll all be worth it in a few years though.
Same. The funny thing is that I haven't actually cashed out anything. I just looked at my wealth increasing "on paper" last year, and stepped things up accordingly. Ate at fancier restaurants, flew first class, etc.
Now I'm back to Taco Bell and flying coach.
Well, at least it isn't Ramen 3 times a day and taking the bus.
you can still afford to ride on a bus? damn. look at mr moneypants here
Actually, I can afford to put an all beef hotdog in my Ramen and I do drive my own 2 years old car. I'm blessed.
Wow, you are all rich. Now I eat only in the university cafeteria and sometimes I order Chinese food. In this year I changed my lifestyle.
Rich? Maybe in theoretical dollars but ask any of these coin sluts if they are planning on cashing out and they will scratch your eyes out.