When is the CBOE ETF decision by SEC? I think it was supposed to be in August.
I think good news regarding CBOE will come out, and it will continue the bull market.
You are Full Member in this forum but you still have not learned how to use forum "search option" or maybe how to use search engine with desired keywords? There is dozen of threads with info on this forum, and even more outside the forum...
The best thing that can happen to Bitcoin is that we lose all the noobs that think things like Futures and ETFs matter, no matter if they are from Winklevii or CBOE or anyone else. As long as we have these people on board we'll have these very sharp speculative moments of people looking at whatever news to make a move. In the long term all of these will not make it because they will be holding 0 BTC by the time Bitcoin resets the clock. Meanwhile let them have fun with the pump and dumps, just focus on increasing your BTC holdings and not your USD, or long term you will pay for not doing so.
As far as this ETF goes, it will not pass, there's like a 10% chance, so we will have another dump. Once the "bitcoin is dead" comments begin, smart money will start coming through and we'll continue the rise to ATH.
I see you changed your mind regarding ETF from last few weeks, you even post
thread in which you making comparisons between ETF gold&possible ETF
BTC, and you made some positive posts in other threads regarding
BTC ETF. Now you change your mind because price is drop some 1000$, it is not because of ETF but just because big players decide it is good time to take some profits.
I do not agree that CBOE/VanEck SolidX Bitcoin Trust have only 10% of chance for success, even before some analyzes say that it was around 25% for postive decision - now some things are much better prepared and SEC is consider
BTC as currency and not security.
However maybe you will change your opinion next week or at some time ETF get approved and price is go up. In the meantime you can express your thoughts direct to SEC ( although I'm not sure that anyone is really reading this comments ).
Comments on Cboe BZX RulemakingPlease read my posts again. I've always said ETF and Futures and other government-related trickery it's not really relevant for Bitcoin's fundamentals on the long term, but it would obviously helping with the price pumping.
The ETF approval is something we essentially need. ETF is like a security and a system like Bitcoin or any other altcoins really need ETF. So, in one word it's actually like Bitcoin and Altcoins are nothing without ETF , the community badly needs the ETF approval.
More dumb claims from clueless noobs. How in the fuck is the ETF giving any security to Bitcoin? how is Bitcoin nothing ETF?
The ETF is just a way for investors to filter in more USD into Bitcoin. It raises the price, but it's completely irrelevant for it's security, system, or anything technical. The people that use the ETF aren't even relevant, they don't hold BTC which is all that matters.
Would it be nice to pump the USD price? I guess so, there is always a nice dopamine rush when it pumps, but fundamentals wise it is pretty irrelevant as far as Bitcoin is concerned. All that matters is the asset being held or moved itself, not government issued options.
I have many posts like this.
The fundamentals of Bitcoin will make it go to $millions due basically fiat collapsing in another 2008-like event irrespective of ETF approved or not. But like I said, if the ETF passes we'll pump heavily, even tho I just doubt it will happen because it goes against all logic... they said they wold only approve it if they can "regulate" (manipulate) it.
Im just not sure anymore the ETF will pass anytime soon. We may go through more months of inaction before they have approved it. Q1 2019 and we'll know if it's time or not.
