Bitcoin Forum

The price is moving up fast.

Birfinex showing 1336.4 and immediate dump to 1069.  Never seen that kind of action.

I'm also watching...
https://www.sec.gov/news/pressreleases

 ;D ;D ;D It was nice try to rush btc. Waiting for SEC deny now ;D

No decision yet. It's funny to see rise to 1365 and then immediate fall to 1070. I believe this is what happened - many exchanges (like Bitfinex) don't allow to modify price of already placed orders. So people need to cancel current orders and place new ones. At one moment a lot of customers cancelled their buy orders and made market immediately thin. And Bitfinex started forcibly close margin positions and couldn't find any liquidity to sell more and more margin BTC. And market moved very sharply.

That may be also kind of a market manipulation.

And because of these manipulations SEC may come to office today, see BTC price movements and reject ETF proposal.

Please.  The two commissioners at the SEC making the decision aren't going to make a decision based on some price movement occurring over the last hour.  If a yes or no decision will be made, its already been done and drafted by their clerks and simply passing through the administrative process to be published.  If not, this is going to be the first ETF in history to be approved by default after Monday passes. 

Now the price was found stabilized and moving with good phase. Let's wait till the approval is made officially. Till now I don't think the approval is made by SEC. May be the past sudden pump and dump caused due to the time getting closer to the etf approval.

The sec announces at what time?

Roumor gaming...

Have there been leaks

As a fellow trader I will advice traders to not buy into rumours as sentiment will drive the market up and down before approval or not approval. I also see the price pump to 1,264 dollars in just a minute from 1,197 dollars. What is happening is that market or price is reacting to ETF approval.

Poloniex had a huge swing in price spiking over 1360 but dropping back to around 1175. I'm not sure what's driving that but it could just be manipulation ahead of the ruling on the ETF.

It is the russian mountains

There is no fixed time. It can be any time during the working hours.

The SEC closed at 5 pm or 6 pm?

I dare not imagine the movement after the official announcement

Sorry to burst your bubble but ETF will not be approved. All you need is some reading, educate yourself and you will find out why it's too risky at this stage. Better stack up on altcoins while you can.

just fasten seat belt a bit

So did coinbase

The price is so sensitive right now, it's gonna be a big drop if not approved. The price to buy is anyone's guess at this point. I'm guessing under 1000.

The last two announcement of the sec
That of 6 March and 9 march was published at the end of the day

yes
 if etf not approved.  i think -25% -30%
if etf approved    the moon

Whatever happened to "sell the news?"

You're overthinking it. The price is not going to move by 30% just like that. Don't forget that most bitcoin users held long before they got a glimpse of ETF and will continue even if it doesn't get approved.

The price does not go down as much today.
But it can fall on 1 week as in January and then go up again

If ETF is going to be approved and we're pushing it, will we approved being taxed by the government?
I was just thinking, because most of the time when we talked about bitcoin and government, it usually end up like the government will not approve anything related to bitcoin. I was just thinking if they did approve it though, it will be to the moon and thus the government also has the right to collect tax. Is this argument valid?

Yes but here it looks more like a big announcement on the forex, with big movement behind.

I heard it will be tomorrow for the news, can anyone confirm/deny?

if this will be supported by more traders inside forex this would make a huge movement for sure, hoping for the best for this
project and all of us who believes will be happy if moons comes to us, good luck bitcoiners..

While this should probably be moved to speculation at some point, the price is INCREDIBLY sensitive to absolutely anything that could happen right about now. Any words can send the price flying, and once the decision is made you'll see the value going one of two directions, and it will definitely be a substantial move whichever way the ETF application is decided.

Price probably moved because a while wanted to stir some hype or someone got an early word, either way it dropped off >$40 now and we still have to wait.

The Whales are definitely playing around with the price.... and they know exactly how to time this... loads of people are watching the price for any

indication on what is going to happen... So when they see a increase in the price, people will start buying and if they see a decline in the price,

they will start dumping... So what will you do, if you collectively have enough fiat to simulate a "yes" hype? You buy a bunch of coins and wait

for the price to climb... then you sell it quickly once the price rise and you made a quick profit.  ::) ...That is the most logical explanation.

I was thinking for storing my btc first to tether as its normally going to be worth as it is if its sent there and back to be safe but I'd  rather risk buying DASH and ETH because thinking why they would be opposing the ETF is because of the government. BTC could end up being centralized if the government is going to be in the middle of all these. Either way BTC will rise still without ETF. Good luck to us all I hope to moon though.

It is not just in poloniex, the same thing happened to bitstamp and bitfinex. Maybe it is a manipulation or there is just too many sell orders at 1300+ levels that it pulled down the price when it got hit.

Everyone is gone to eat.
Calm flat

Yeah im betting on tomorrow though based on todays madness on finex.  On the whaleclub livesteam finex owner says he has no news but they can see who is buying/selling right ;)

https://twitter.com/RyanVlastelica/status/840217251223556096

Today. So says an ETF journalist.

Thanks for sharing!  ;D

So today is confirmed  so within next 6-7 hours we will know the outcome. Thank you for sharing the link

One can check the live updated status on the official announcement page -  (https://www.sec.gov/rules/sro/batsbzx.htm).

The announcements are in chronological list so the announcement will appear on the top of all the announcements.

It has been waiting since 2013  :D

https://i.imgur.com/RhbLRQj.jpg

History of SEC announcement timings
https://twitter.com/iamGrvJ/status/840242509687209986 (https://twitter.com/iamGrvJ/status/840242509687209986)

That'll teach the:

Margin Longs
Margin Shorts
Long Traders with Stop Loss Orders on the 30 day EMA at around $1140
Long Traders With Stop Buy Orders on the break out at $1300.

Utter fucking criminality!

(not to mention pissy low volume considering the massive price swing)

Is it Washington D.C. time to be considered?

they said it will actually be announce on April 1st. it took this so long and it may never really be approved eventually we are on its own and that's the best part of it. its not going to be a good thing for BTC thats for damn sure. they've been making money out of this news since 2013

Do you think we can see 950 or below today if the answer is "no"?

it is GMT -5 as  Washington

Thanks.

ladies and germs , we might see  approval by default. first time ever....

500-600 or even 300 if SEC comes up with some scary shit

It will not go that low, a bitcoin ETF will come eventually. There are other issues such as scalability that needs to be addressed.

Russia just starting researching blockchain technology. The whole industry is moving forward. Bitcoin is just one piece of the pie. A lot of other coins with a future.

Still sticking to the idea that even without this ETF thing, bitcoin price will move forward just like before this hype about ETF related speculation came out.

No other words to say now and I want to take some actions by riding the current trend. I risked now some decent money to buy at the current rate. If price decrease happen after the SEC approval then I will just limit myself to around $100 loss since I will just think of it as a loss on gambling. Now let's get the party started.

btc will go down somehow. ETF isn't going to be approved.
one reason they like segwit and BU is to make the other tokens and coins to be seen by users for it to have value as well. DASH and ETH are going to be on the same level with BTC by next years.

We are experiencing some scary shit since then but price are able to come up with the strong support from the community.

Just wondered now that the dissapproval of ETF will make the price decrease so much compare to some bitcoin exchanges hack and fraud events and big names on bitcoin will sold their coins? I will assume even dissapproval will be the judgement, no way it can take the bitcoin price down much.

Still hugging my coins lol.

nah , it will not lose 50% based on SEC rejection. down to 700 maybe. but 900 is a good bet

BTW what kind of scary shit do you think SEC can come up with besides rejection ( not that rejection will be scary) ? ::) 

Whatever the decision would be, I don't get it how they had to do it on the very last day.
Were they all C students who submitted their test online at the last minute, LOL?
I think that this is a fakery of a "careful" examination.
Whatever will be in a release, some or all of the following words will be there: careful, cautious, deliberate, methodical.

don't care about dash, but why not buy/mine some ethereum as a hedge?

Exactly didnt their parents teach them to do their homeworks and submit them on time instead of last minute?   ;D

But we not getting a " no"  directly this morning might be a good thing and a sign of approval coming

Did yoy read what one FED member told about blockchain,he told we are observing that technology but we are not gonna use it to protect customers,becouse blockchain hurt customers privacy
,comedy first thay are sayingit is dengerous becouse it is anonymous next it hurt privacy
I dont want to have any derivative bitcoin,it my hurt btc adoption

Would be interesting if the COIN ETF became the first approved by default by no decision from SEC.  ;D

SEC email questions have been flooded with coin, they have been told to respond by stating they are not giving out any information about coin at this time

This looks likely now.

3 hours until deadline?

Is it sure they stop working at 6 p.m. sharp?

Winklevoss Bitcoin ETF Decision May Come After US Stock Market Close
http://need-bitcoin.com/winklevoss-bitcoin-etf-decision-may-come-after-us-stock-market-close/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+NeedBitcoin+%28Need+Bitcoin%29#.WMMHHfk19PZ (http://need-bitcoin.com/winklevoss-bitcoin-etf-decision-may-come-after-us-stock-market-close/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+NeedBitcoin+%28Need+Bitcoin%29#.WMMHHfk19PZ)

Its friday - i'd be long gone.  But dunno thats what ive read.

Well, i get more and more the feeling of this one is going to be approved or being intruduced via default

Shit...

Price just dropped almost $300, did a negative decision come out?

disaproved and now i cant log into gdax WTF!

https://www.sec.gov/rules/sro/batsbzx.htm

Yes, lol.


https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

Denied ouch what quick fall recovering a bit though

People are retarded when they sell now lol. Btc will still go up this year. See you at 1200 in 2 weeks.

LOL, crazy1  But man what a piece of shit coinbase is.  Missing all this money to be made.

https://www.reddheads.com/en/bitcoin-etf-rejected/

I think it was denied. I read an article online that stated that the ETF was not approved. I assume it is legit, but I would have expected the price to drop even more than it has.

Plot twist ETF aproved ^^

A lot of people around the world didn't get the memo yet. The price will likely fall further once everyone and their mother realized the ETF thing was just a hype. It will take a while, maybe a day. Others will be happy to make money shorting and some might sell just because others are selling. Perhaps a good idea to postpone buying for a bit longer.

Indeed, some part are of the world are just waking up now and they will be surprised about the price of BTC plummeting.  I just hope they can have hold of themselves and not goes into sell panic mode.  But I still can see price going down since there will always a seller in times of negative news.


I think this will need more than 2 weeks to be able to come back to where it was before the ETF rejection.

2 weeks or 2 months, whatever... It's still the fastest growing investment I've ever put my money into. Fiat is going down like crazy due to inflation, banks are giving lousy 5% a year and freezing your money.
Dear bitcoin, it's been a pleasure!  8)

Well, I sold my BTC at Poloniex at 1260 just 1.5 hours before the announcement, because I felt like they will reject it. I saw their live stream and they were talking about poor people who invest all what they have into the market, and they need to be protected from market manipulation... And it was really obvious that SEC will reject it.

But you know what... I re-bought BTC below 1100... Because I know that it doesn't need ETF to grow. It won't spike, but it will grow anyway.

fuck that lol its own by coinbase what do you expect. but definitely expected etf will never be approved. if it would be, they would have done it a long time ago. they may have been riding the market spike too. its a billion dollar market, who can resist. but they'd rather not.

This sad but in fact ETF just a simple bubble with a lot of the power to make a lot of the bitcoin traders have got trapped on the delusional mind. Just in a minute and the big red candle and what the fuck about that. This time there is no ETF again.

Yeah even without ETF btc will grow but for now I think it's wiser to just wait for another dip since not all bitcoiners in the world right now knows that ETF has been rejected and some are just starting up their PC or whatever they use and will just now know that ETF has been rejected. I believe that before going up again another dip might occur so its better to wait for now.

I'm going to wait to buy a little later after things settle down. I can see the price dropping as well. Even if it's not immediate, I think the price will eventually drop more.

Waited too long, Bitcoin right back up. Who wan'ts centralized anyways, no need for btc ETF

Through their news however, it serves as a publicity for bitcoin and cryptocurrencies which is why some people from the outside are joining the party and invested to crypto.
I saw some talks in the webmasters forum recently about DASH and ETH. They were surprise why they don't know about these two for they only know Bitcoin. Its going to be a good year to invest in crypto and I'm glad I here who already have invested to some that rose up.