the reason is not only market manipulation, but also the SEC sees that ETF are HYIPs that have huge losses for everyone.
I think that ETF must provide evidence first, or the ETF must find a partner to create positive value, so that it will create a good result. and the SEC will see that positive value.
Topic: WHAT NEXT FOR BTC - page 6. (Read 1101 times)
Regardless whether it has been approved or not, the current market for btc seems to be normal and I don't believe that the ETF issue has no major impact at all. Btc will remain strong and will continuously dominate the crypto market.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
.There is no negative or positive effects in the market due to sec effect but altcoins seems little wake up after it. Now only rally starts according to me hence please bear for some days.
All the cryptocurrencies will be settled soon then you don't need to worry about the price at all.
Bitcoin will keep chugging along like always. Some days it will go up, some days it will go down. Eventually the price will stabilize and more people will feel comfortable to use it as a currency.
Bitcoins are still the safest coin to hold, we might see the market fall longer down, and with a market fall we will probably see Bitcoin rise future in domination.
I still think we are long away from any EFT, we will get them, but it can takes years before we get there, the market are still to manipulated, as long as tether will be buy up the market will not crash to much.
In long term bitcoins are still going to be extremely expensive, so just hold your coins 10 more years.
I still think we are long away from any EFT, we will get them, but it can takes years before we get there, the market are still to manipulated, as long as tether will be buy up the market will not crash to much.
In long term bitcoins are still going to be extremely expensive, so just hold your coins 10 more years.
Bitcoins is going to react to demand and supply of buyers and sellers as it has been done always regardless the overhyped ETF. Bitcoins has gone on a bull run in the past without any ETF impact on it.
I think that BTC will develop chaotically and will not depend on our desires. the news that the US regulator rejected two bids for Bitcoin-ETF from ProShares, six applications from Direxion, and another from GraniteShares, is just a drop in the development of BTC technology. The SEC continues to hold its positions against potential fraud and manipulation in the market of publicly traded bitcoin funds, citing the fact that the applicants did not comply with the SEC's requirement to develop rules to prevent such violations.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
Nothing will happen to the king bitcoin. It was concieved to turn back on the banking system, wall street and legacy economics. It is a new asset and it does not need anything from the old system.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
What's going to happen? I guess nothing.
We are still be here standing and we will continue to grow in the future. Of course there's no amount of modifications on the proposal will allow SEC to approved ETF's it simply won't happen because the market is subjective to manipulation.
And what are the chances of Van Eyck Solid X application? It will be the same sorry to burst the bubble so I advise everyone not to get excited next hope and hope that a approval in on the horizon.
This is all strictly planned in my opinion. Keep the market and BTC low for now to scare little investors and make them think the good times ale gone forever. Meanwhile big companies and people keep on buying more and more at that 6k level.
I don't think any thing will happen to Bitcoin. Rejection by ETF does not stop trading with Bitcoin .is just a way of manipulating price ,so that more big investors can take chance to buy and hold btc.in my own conclusion of the decision taken by SEC is that they are looking for a way they control price action of btc until then more rejection will take place.dont be scared.
Of course today people, investors and companies are waiting for the approval of ETF because it will give BTC a huge boost and support to rise up. It is one of the most important decisions of the year
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
You know, it's like telling "Omg, HBO will not show anymore Hollywood productions, what's going to happen with Hollywood?"
Bitcoin is fine. As you can see today's rejection didn't even affect the markets as much as the panicking ones expected.
You've got it right, market manipulation is big. But it's big with or without ETF. All in all life goes on, Bitcoin development and adoption goes on, LN testing goes on and we HODL and wait for better days on the market too.
Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a Winklevloss ETF which proposed physical trading of BTC. The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING
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