What is affect of SEC's decision with Bitcoin and crypto market? - page 2.

Slow death

legendary

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Quote from: minhnguyenqh8395 on August 08, 2018, 07:22:01 AM

Anyone can tell me exactly what is affect of SEC's decision with Bitcoin and crypto market?

How the hell could anyone know that? The SEC only postponed their decision, they did not approve or approvet. that is to say that they need some time to think better and then decide whether to approve it or not approve. I read (I can not remember the place I read) that the main concern of the SEC is the security of investors, I do not know if it was exactly the words I read, but I believe that it can even make sense, crypto is a market manipulated and still very dangerous. Take the example of those days, the SEC postponed its decision and just because of this the price fell a lot

darkangel11

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Quote from: btctalk123 on August 10, 2018, 12:37:12 PM

Quote from: minhnguyenqh8395 on August 08, 2018, 07:22:01 AM

The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday.
Immediately, Bitcoin price fall down 8%.
Anyone can tell me exactly what is affect of SEC's decision with Bitcoin and crypto market?

As we can see right now even the good decisions and good market news are not affecting the price positively so the price is still going down in the reasons is not understandable for me why bitcoin is not growing.

It's not about news affecting the price. It's about people not being able to understand what they're reading. The price bounced back because the SEC was about to review ETF applications, among which there was a complaint on the last year's rejection of Winklevoss ETF. THat complaint did not achieve anything and the ETF did not get approved anyway, which people took for a bad sign and later on the date of decision on the other ETFs was moved to September, which again people took for a rejection and dumped everything. The market is full of idiots.

btctalk123

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Quote from: minhnguyenqh8395 on August 08, 2018, 07:22:01 AM

The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September, public documents reveal on Tuesday.
Immediately, Bitcoin price fall down 8%.
Anyone can tell me exactly what is affect of SEC's decision with Bitcoin and crypto market?

As we can see right now even the good decisions and good market news are not affecting the price positively so the price is still going down in the reasons is not understandable for me why bitcoin is not growing.

Crypto_Spike_Factor

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For me Bitcoin will come really high after this as what the SEC is currently investigating wont stop the technology been constantly added by enormous number of startups that includes a solid and associates background. Expect bull market by October.

xminerx

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Quote from: BrewMaster on August 09, 2018, 11:14:45 AM

Quote from: xminerx on August 09, 2018, 10:43:18 AM

Quote from: BrewMaster on August 08, 2018, 09:20:53 AM

well the effect is what you just saw and mentioned here! a drop in bitcoin price about 7-8% followed by the altcoin massacre where they each dropped at least 10% and some even up to 20% drops.

it is hard to say what is going to happen when they actually reject ETF in about a month from now because we have already had the drops and also from what i can see the market expects the rejection despite all the hype so everyone is waiting for that date to come so that they can start buying so we may not even see a big drop.

Sounds a bit to optimistic to me, but I would be relieved if we do not see another bloodbath soon and hope next time the market will react less strongly. Everyone hopes for a positive decision and the market really needs it desperately.

yes it is a bit optimistic but for good reasons (in my opinion at least).
usually these drops like this are caused by weaker hands. also as everyone sells now they come into money. that money doesn't just go away. most of them sold in order to wait for a certain lower price level to buy back and that lower level is the previous bottom $6k for majority of them. so we may not see a "bloodbath" to begin with and this time the bounce back can be stronger because there wouldn't be any threat of ETF rejection on the way.

I am not sure if it's only weak hands, they typically sell when they see a dip but are not the ones that cause it. As this dip was tight very much to the SEC decision I would rather think it were institutional investors you are very well connected with the financial scene and they made the decision to sell right after the SEC announced to delay their decision. I don't know if that is what actually happened but sounds more logically to me. I am also not sure we won't see another bloodbath in September if the SEC rejects.

electron-coin

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Adopting a bitcoin-ETF, that is, allowing such a derivative in traditional markets, would mean that the crypto currencies have already been adjusted enough to gain access to institutional investors. And since this decision was delayed the market reacted in this way.

berrygood

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I really don't understand the reaction of the market but it should be positive in the long term because delaying instead of rejecting has some meanings.

Pursuer

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Quote from: Drobek on August 09, 2018, 12:08:55 PM

Quote from: minhnguyenqh8395 on August 09, 2018, 10:29:12 AM

huh, so if when end of December come, we will see the future of Crypto market? I so confused if SEC reject ETF, what will happen? We will see Big dump, or market will come back the start again?

We'll definitely see a dump if ETF is rejected by SEC but Btc will recover slowly tho and the bull season might set back a little. I hope ETF gets approved but its not likely to. The last time SEC approved an ETF was copper which was trading for the past 10 years.

I genuinely hope the opposite happens. meaning I hope they actually reject ETF and it is the likely scenario too in my opinion. I feel like the market needs a wake up call to be reminded that bitcoin does not need ETF to grow and flourish specially when ETF is a centralized thing restricted only to US and is available nowhere else!

Nonie

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the price dropped after the news came out I thought everyone was panicking and together selling their assets, I didn't understand what they were thinking, I thought the SEC hadn't given a final decision about the bitcoin ETF why are they panicking? I think optimists for ETFs are approved

cleygaux

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Of course its has a negative effect especially in bitcoin price and its just down after the decision has been made but the solidx says they are also expecting some delays about the secs decision and whatever the reason why they decided to delay it Im sure they will properly review it and consider the feedback from the public about it but IMHO the SEC will approve the application filed by solidx in September 30, I have a very positive feeling.

pawanjain

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Nothing lasts forever

It's not confirmed whether the SEC will surely announce the approval/disapproval of the ETF in September as they can further delay the announcement.
To be honest, it should not really matter to the traders whether the ETF is approved or not. As the CEO of Pantera says that the traders are overreacting to the news and they should instead focus on the bullish side of BTC than to panic and sell over the delay of the ETF.

Cacao2017

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in my opinion:
Bitcoin is a digital currency designed to facilitate intercompany billing on a peer-to-peer Bitcoin protocol that does not require an excessive regulation channel for short-term investments. term and medium term. The SEC will refuse to accept the ETF as it will be responsible for protecting investors against potential leaks that occur within the Bitcoin network.

minhnguyenqh8395

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IF SEC reject ETF, what will happen? anyone can predict about future of crypto market?

just_Alice

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I wouldn't say there's a strong positive correlation between the SEC's decision and BTC price. News that the SEC has rejected Winklevoss ETF proposal appeared on the Internet on July 26th: https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
And the price after that was even increasing till July 30th (from $7.9k to $8.2k) and only after that started to decrease. But, on the other hand there is some sort of dependence, because it isn't the first time Bitcoin drops after news related to the SEC. The thing is we live in a world, where laws and legislation questions are number one priority if you don't want to do black business. SEC's Bitcoin approval is the first step towards worldwide legislation and implementation of cryptocurrencies. Investors are interested in this process, because if most of the world's population use Bitcoin the price increases instantly and if there are some news that denote the reverse process investors become disappointed and sell off their cryptos.

taiwww

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SEC effects will be negative on the bitcoin always becaus it is very much important aspect now and many people are waiting for the approval of exchangers. I guess this matters to them because many of them are big investors and are waiting for the big investment to be done over these exchanges, feels like whales in the run! So why not, the effect will always be there and it wouldn’t be so good if they keep delaying the decisions.

Drobek

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Quote from: minhnguyenqh8395 on August 09, 2018, 10:29:12 AM

huh, so if when end of December come, we will see the future of Crypto market? I so confused if SEC reject ETF, what will happen? We will see Big dump, or market will come back the start again?

We'll definitely see a dump if ETF is rejected by SEC but Btc will recover slowly tho and the bull season might set back a little. I hope ETF gets approved but its not likely to. The last time SEC approved an ETF was copper which was trading for the past 10 years.

BrewMaster

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Quote from: xminerx on August 09, 2018, 10:43:18 AM

Quote from: BrewMaster on August 08, 2018, 09:20:53 AM

well the effect is what you just saw and mentioned here! a drop in bitcoin price about 7-8% followed by the altcoin massacre where they each dropped at least 10% and some even up to 20% drops.

it is hard to say what is going to happen when they actually reject ETF in about a month from now because we have already had the drops and also from what i can see the market expects the rejection despite all the hype so everyone is waiting for that date to come so that they can start buying so we may not even see a big drop.

Sounds a bit to optimistic to me, but I would be relieved if we do not see another bloodbath soon and hope next time the market will react less strongly. Everyone hopes for a positive decision and the market really needs it desperately.

yes it is a bit optimistic but for good reasons (in my opinion at least).
usually these drops like this are caused by weaker hands. also as everyone sells now they come into money. that money doesn't just go away. most of them sold in order to wait for a certain lower price level to buy back and that lower level is the previous bottom $6k for majority of them. so we may not see a "bloodbath" to begin with and this time the bounce back can be stronger because there wouldn't be any threat of ETF rejection on the way.

xminerx

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Quote from: BrewMaster on August 08, 2018, 09:20:53 AM

well the effect is what you just saw and mentioned here! a drop in bitcoin price about 7-8% followed by the altcoin massacre where they each dropped at least 10% and some even up to 20% drops.

it is hard to say what is going to happen when they actually reject ETF in about a month from now because we have already had the drops and also from what i can see the market expects the rejection despite all the hype so everyone is waiting for that date to come so that they can start buying so we may not even see a big drop.

Sounds a bit to optimistic to me, but I would be relieved if we do not see another bloodbath soon and hope next time the market will react less strongly. Everyone hopes for a positive decision and the market really needs it desperately.

minhnguyenqh8395

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huh, so if when end of December come, we will see the future of Crypto market? I so confused if SEC reject ETF, what will happen? We will see Big dump, or market will come back the start again?

cryptowolfsu

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The effect of the SEC is the bloodbath we could see today. The market price is highly effected with the speculation
on SEC decision. They postponed it and it can happen in September as well . I also think that this market is not prepared
for ETF yet and needs time to evolve. In that aspect this is a good news in fact.

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