Bitcoin Forum

We haven't seen any huge downfall (as expected) after the decision of ETF. Do you think that we as bitcoin users have not paid any value to the ETF's decision?

In the case of disapproval, the predictions were floating around below $1,000 mark but we haven't seen any such mark.

Is it too early to speak about it or we have given a message to the world something like this?


Interested in exploring community's opinion about it. Bears must be disappointed because they lost the chance to short for huge points.

Water off a duck's back. When the price dipped down briefly, all people saw was a massive buying opportunity.
The doomsday prophets have been proven wrong.


I heard of one bear who made a 50x short and lost all his money. That was because the price went up to #1325 and wiped him out, before it started crashing.  ;D

In 8 years of bitcoin history no ones has waited an ETF decision for adopt/ buying/  using this technology .
So actually after this rejection no one cares about ETF, until the next round (as I have read the twins will try again an ETF approval).

We have to move on. At the moment I don't expect ETF will be approved soon until bitcoin is widely adopted.

No.There are few investor and bitcoin users that wants to etf to be approved its just small amount above people who dont want etf so etf is rejected at bitcoins.Rejection does not mean that no one likes or want it its just many people who disagree to it

Right.  I think that Bitcoin is becoming more stable and more people are seeing it as a genuine investment.  This is a serious thing and the drop was not very significant, which is amazing news and I think that the price will continue to go up in the future.

I dont care about etf rejection, bitcoin will increase day by day

Bitcoin was rising even when there was no ETF hyip.ETF gave it boost only.Honestly I wasn't expecting much fall in price as bitcoin has become a really stronger and people buying it know it has got potential.

A lot of people was just not pending of ETF decision

first of all post speculation in speculation board not here.
secondly there was a "downfall" as you lot like to call it! and it bounced back up, and it is even visible in your chart that you included.
finally if you want charts look at the charts from bitcoinwisdom that come directly from price. coindesk and similar services report an average price which is not accurate but good enough to see what is happening.

there is a big difference between prediction/speculation and bullshit. saying price will fall down to $800 or rising to $2000 in a week because of ETF rejection or approval respectively is bullshit as i have been saying all along in previous weeks.

My granparents are delighted and so excited as they have never seen such a stable asset to invest their retirement funds. Billions of people now will go to a row looking at this perfect Bitcoin volatility chart. Show this chart to everyone shouting that Bitcoin is the best volatility resistant asset in the world:

https://pbs.twimg.com/media/C6j7RctXAAA4-jC.jpg:large

Many people don't actually know what ETF is and just taking it as a potential positive development for bitcoin. The sudden up and down roller coaster is likely due to the speculators trying for pump-dump scheme.

Emperor's clothes syndrome.

where's the real world usage?
where's the necessary innovation?
where are the technical solutions (that will actually be adopted) to scaling problems?

Ya it is true that still their is one more decision day at the end of this month in which if it does not get approval then i think we can see some more down side but the same if it crosses below $1000 mark then we can see more down fall.

The only people who had been making news about Bitcoins would fall If the etf is rejected by the sec, we're mostly newbies who thought they would have a gala of a time if it would. While the regulars always knew that the impact would be minimal or no impact at all. It is evident that hardly they even bothered by this etf news. But in a way it's good that's it's really over, so people can now move on to other topics. Bitcoin did not depend on a ETF so I guess we should spend more time planning to collect Bitcoins, as the etf story comes to a end.

Some of us (including me) do not care that much about that decision. I'm still using it whether it is accepted or not. Bitcoin remains a cryptocurrency I want to be anonymous. As soon as this gets tracked, it probably won't be in my interest anymore. There have been many big corporations or important polls that rejected Bitcoin, and we see the price is on top of all the time at the moment. The ETF decision doesn't exist for me - I'm using it the same way as I used it until now, and I don't see issues coming soon. People are still buying it..

Yup - I don't care. I bought a little extra so if it was approved resulting in a jump I could sell and maybe fund some new PC hardware - but I don't really care that much what corporate wall street does. They are a different world than I want to live in.

today bitcoin price is crash and down because is panic sell
after SEC rejected, expectation bitcoin user is negative ana many people selling bitcoin balance, and panic selling can bad affect down price
and now bitcoin price incraese again

Yup, I personally dont care.

BTC and blockchain is a tech of the future. Sooner or ltr, we ll get there.

The fact they ll make us wait a bit more only means we ve got a bit more time to accumulate.

That s all.

Haven't heard of it until now and i am thinking that we really don't need ETF because Bitcoin is a revolutionary currency that changes every time, the longer it exist the price goes bigger and bigger.

I think it wouldn't be right to state that we don't care at all, because if the ETF's decision was positive Bitcoin would double in price as some experts say and I agree with them. But will it fall after the negative decision? I don't think so. Because the recent rising of BTC wasn't caused by expectations of ETF's positive decision.

We can't know it yet. The decision is so fresh right now. And there isn't anything on the timeline which can pump bitcoin at least till the next halving.

It looks like its recovered well enough from that ETF thingy but it may very well be a major bear trap too.

It is still too early to feel the effect, but the ETf decision is affecting bitcoin in some point, we have seen a falling down price, but I don't think it is going to affect too much, the trust level for bitcoin is still high, the rejected ETF news also not too being noticed by bitcoin user, so as long as we believe and still used bitcoin then bitcoin will survive and will be on top

It's actually an opportunity for a short-trade, but it's over now I suppose. The price is stabilizing at around $1200 again.

What i find just a bit strange is the fact that many had high hopes regarding the ETF and it was such an important thing and would send us to the moon. Now after the ETF wasn't approved everybody is talking about how unimportant it was anyways. I see no (or not as many as expected) this is the end posts and the price so far seems to stay more or less stable. This is strange to me and it seems like a we can't change the facts, so we change the attitude. But on the other hand Bitcoin is behaving irrational and inconsistent for a while now, so no news there.
I'm just waiting for the next ETF decision to see history repeat itself.

Me not even knowing what is an ETF, as the great majority of people here, this is absolutely normal for me to do not care about this decision.

As people's expectation was not approved by SEC stating few reasons, now once after the rejected statement got revealed the price fell down and soon grew nearing $1100. This makes people not to think of the etf anymore.

It seems that majority of people simply don't bother with this decision. Before that there were some dramatic annoucements how the Bitcoin price will crash big deal but market haven't respond that way which is actualy good. So, nothing important happened and we,are moving on. Just big hustle over nothing.

I think the decision on the ETF is not something that objectively damages bitcoin. It is true that a sudden and exaggerated increase in price was expected if the motion were approved. Who knows if this could also have produced a bubble? The fact is that the denial is not something that, in my opinion, implies damage but should give us back to the situation that occurred just before speculation and perhaps this is what is happening now, although you never know.

Bitcoin ETF is not a big deal for others because if so, then the price would massively dump to its maximum possible dump but we can see that there is just a small dip to bitcoin price and that is normal. So we can conclude that the bitcoin ETF decision is not a big deal and most of us doesn't care for being approved or rejected.

As a newbie on this matter you would really not care at all but if you do know more knowledge about bitcoin you will surely care on what the community is talking about.You would once care for the price of bitcoin later on. Back to topic,seems like ETF rejection didnt affect bitcoins price at all and its just a like a small scale decrease.

I saw the comment also in previous post but wanted to reserve my comment the ' he doesnt care about the ETF decision' . If we know how many people who care, the high number of those who care had resulted in the irregular spike and dump of altcoin. ETF is profitable to bitcoin but not now. And the decision to disapprove was in consideration of users like us, who hold a little portion.

I see no sense in caring about the ETF decision when they didn't even care to talk about Bitcoins. I have personally watched Angelo saying that, "We have nothing for Bitcoins, so please stop asking." That is just a bullshit way of dealing with something that is taking over the world with great confidence, and these guys are still into those traditional ways and doesn't seem interested in Bitcoins, but I think they will regret.

Provably no one really cares about ETF rejection. Im shock that despite of SEC rejection on ETF. Bitcoin still manage to be stable and not collapse. Ofcourse we see small dump. Thats normal tho. $100 drop is not bad. I thought we are going to fall hard but its not. Bitcoin users seems very loyal these days.

People DO care about the ETF, but its importance in the larger picture is very minimal. Demand is the only real factor that matters for Bitcoin, and as long as the demand keeps increasing, the price will too. The ETF would be a welcome tool that would allow institutional investors to take positions into Bitcoin, so in that regard, everyone saying that it's a non event is basically an...... :-X Scary sheeps are shaken out of the market, that's the good side of the ETF rejection.

It definitely looks like it. I mean let's face it here, sometimes we (the community) give things more then what their real value is, If we take OpenBazaar for example, everyone expected that the price will skyrocket and people will dump eBay to use it while none of that happened. The truth is that bitcoin can live without the ETF, I will be surprised that most of the bitcoin users know about the ETF actually (If we exclude bitcointalk members of course).

Now the price the same as before the ETF decision.

who care about it really? people need to stop to worry about USA decisions, anyway they are not the center of the world lol, in fact bitcoin don't care, if bitcoin is truly decentralized, why it should matter if a centralized thing decide to accept it or not? i think people just dumped on purpose and caused a panic sell, because would not surprise me if this crash has nothing to do with EFT decision

I think that you're right.
It's a little early to think about Bitcoin's ETF situation to have a huge impact on the price of Bitcoin because most people are not on the computer 24/7. Big investors may not even know about it until the news about it goes on Mainstream news broadcast stations.

If the price of Bitcoin gets a huge dump then I think that the Bitcoin Markets will have a DDoS attack and the attackers will try to keep the price up as long as possible.

i did care a bit. i don't care if it is selling out a little bit, any way more people can get in with less risk is good.

in terms of market a yes would've made a crazy spike but ultimately would have little effect because there's no direct market exposure.

a no will wipe out a few hopes and some bags will be unloaded but that's about it.

Well, if we check the past years of BTC, it got to its current price without any ETF involvement. The community just saw the opportunity of making big money out of BTC if ETF got accepted but when it was denied, the community just shrugged it off and continue with their bitcoin "life". The price is slowly increasing after the dump and I'm positive that it will reach the 1200$ price point again in no time. It is not safe to say that "no one cares" but it just proved that BTC is really decentralized and has a very huge community backing it up.

Apparently no one cares. We're seeing pretty stable climbing numbers now. I would have ht most people had bought on speculation but apparently it wasn't a huge amount of bitcoiners. I'm glad to see it either way!!

HYPE about bitcoin ETF was high before the decision so few newbie traders also bought bitcoin with the hope of multiplying their bitcoin after ETF approval without knowing what actually is bitcoin ETF.

Than when they see it got declined they sold almost all bitcoin that they have bought before being panic but elite traders have already sensed this so they have placed some big buy orders at low price range which got filled quickly by those dumps and now price has again started another bullish run.  ;D

Yes, bitcoin showed himself very well. Some people waited for the price to drop to $ 900. But bitcoin survived, it becomes more stable

From the beginning bitcoin was not developed to be like stock and the decision of American security and exchange commission could not affect bitcoin much. Bitcoin is a decentralised crypto currencies, any attempt to  treat it as a property then subject bitcoin under tax laws will not hold and it will continue going stronger.

Upon waiting the result I really don't care at all but I know the advantage if that will be approved. But I don't want to disappoint myself by waiting the result as a positive one. There are more good news to come this isn't a big deal at all.

This decision is a tough one though, ETF might be the gate for the new possibilities that might happen. I am hoping for the twins to be accepted, it is a cool idea having assets like bitcoin which is really hard to put your money on. I know it is not a big deal for other users, but we must also think of the possibilities, I hope that ETF will be accepted.

I thought  that ETF decision will be release on sunday not now.. and hoping that we will see positive result do have guys a link where we can see those updates about ETF approval?
If its ETF was disapprove i think it will not go down into $1000 as mark and hope that people will sell bitcoin due to high price miners fee increase.
We are in crisis where we are paying large fee in every transaction.. unlike before..

It did dropped a bit just after the announcement. It dropped to below 1000 level, so if you are shorting just below 1000, you got lucky because it did not last long and immediately bounced back. But that all there is in the much hyped ETF. Let's wait for the next ETF to arrive.

It is starting to look as if nobody did really care because as soon as it dropped it bounced right back to where it was and is still over $1171 so not to bad on weathering the storm of news connected directly to it.

Nothing to say about ETF, it's a shit pump to make a lot of the people are getting a heart attack. In this time no one cares about ETF, that's just a spamming the SEC email to get approval for the bitcoin ETF.
And i think bitcoin can growing more without ETF

I did not know that the price went down below $1000 yesterday ,when did that happen as i could not see that kind of drop in any exchange i deal.There was a drop of $100 yesterday and the range of bitcoin was changing pretty fast for a couple of hours after the news came out that the ETF has being rejected and we still have two more approvals from two different companies .

I don't know how didn't you notice, but ETF actually affected the prices a bit when Bitcoin slipped from $1250 to $950, but luckily, it corrected itself from that level to $1200 and is now staying above $1170 which has been a strong resistance level since the last 2 days. Jake said right that we should wait for the next ETF's results, but I am still not seeing anything positive happening as when Winklevoss brothers' ETF got declined, then the other 2 are not that major.

I personally thought ETF decision would reflect in bitcoin price. But couldnt see much difference. I think no one cares about it. I think no one will stop the usage of bitcoins under any circumstances because of its huge advantage.  Definitely  even I wont stop the usage of bitcoins. Actually I was planning to get some bitcoins, if its price reduced after ETF decision.

I also haven't noticed below $1,000 anywhere. It was more like around $1,050 but not less than that. It's good to see that Bitcoin is slowly climbing back to $1,200 these days. So the ETF decision have had only a small impact on Bitcoin's price and it lasted only couple of days.

There are still people who cares about ETF decision, if no one cares then why does Bitcoin price crashed right after the rejection?  It is that Bitcoin holder saw the opportunity to buy more coins to increase their stash so it recovers fast.  The recent price increase where because of ETF hype and now we are back to where it was before that rejected ETF hype started.

This is right even after the rejection the price didnt dropped to low and it didnt even go lower $1k price which is really good and we do now observed that it increasing continously.I could say that theres no really effect at all even they reject bitcoin.No one really cares and now we are going back to the normal days of waiting of bitcoins price increase.

We should be happy about the denial for this ETF, because this would lead to more smaller investors and Bitcoiners selling out to the "Big" whales

in Wall Street. Our aim is to put coins into more people's hands. {The average Joe} The more people using Bitcoin and spreading the "word"

about it, would increase adoption. A ETF will just gather a bunch of coins in a central location and they will sit there unused. The people pushing

for the ETF approval was just speculators hunting for a quick way to make a profit.... We should not want that for Bitcoin.  ::)

i think ETF decision is not giving big impact with bitcoin but its about approval of bitcoin for the country. with the less of people which is using bitcoin, then in one country they don't want to see the bitcoin price is higher than now and they will cover their commodity to not drop because of bitcoin. maybe ETF will be approve in future after we see many people is using bitcoin in their daily life and many people from each country have bitcoin and spending bitcoin too.

It was a short lived impact.  I think right after the rejection Bitcoin price go dip to sub $1000, around $980  if I am not mistaken but then it recovered back to & 1k plus.  Probably people saw the dip and get on panic buying mode lol.  Though it went down back to sub $1100 but it recovers again and now sitting at around $1200+.  Probably people realized Bitcoin does not need ETF at all.

It might be but we just need to accept the fact that ETF isn't the real deal in bitcoin. Bitcoin can live without it and if we can trace back the history of bitcoin, there isn't a thing called ETF that helped it reach the price to climbed up to $1,000+. The government (SEC) doesn't really see that bitcoin is suitable for it, that's fine.

The pump before the dump was insane. Those pesky whales are really Machiavellian. It's funny how they shaked all the shorts before the dump.

The question now is: what to do in the next ETF in march 30th?

Good video btw:

https://www.youtube.com/watch?v=jSZTK_ofQXc

The to this question is you can see on the price chart, i think it is easy to see that the price didn't have a huge drop and just a little bit then that is the proof that people is not interested even the ETF is rejected because they just care for ETF if it is approved by the SEC because they believe that it will affect the price a lot.

Agreed, besides bitcoin reached 1253$ or more so far. In fact, Even Etf rejected by the Sec I know it doesn't affect me at all, maybe others are very much frustrated after the decision has been finally made then price of bitcoin at once dropped to 1050$ I think but now we already recovered the price it is because of the strong demand of the users of bitcoin all around the world.

ETF is important factor to take bitcoin something as an asset similar to gold in terms of market share and trading commodity. Though the price after etf too is found good similar to the days before etf decision, anytime fall in price will be experienced as the market now has several inpact from etf to the network asylum.

After analysing 60+ replies, I conclude the opinion that yes ETF's decision was important to bring more users on the board but on the other hand, disapproval has not caused any serious reflection on the bitcoin value (ignoring Nike logo as a panic buy/sell scenario). The bitcoin is on a bullish run and will continue so until there is any reason, not to behave so.

Exactly, no one realy cares anymore because it's past tense now, no big impact hasn't happened, Bitcoin has successfuly survived this so,we can move on. The price is on the positive track, users stopped to panic and I can't see any reason why we should further bother with ETF.  Let's bother with the future, not the past.

Well personally I do not believe that the ETF mattered that much in the first place. Sure, it probably meant a lot for the Winklevoss twins as obviously they had direct association with the ETF but not with the average bitcoiner. If you want to invest in bitcoin you can just invest directly into it and that is probably much more efficient and safe than investing in a bitcoin based ETF in my opinion.

So pleasantly surprised that seemingly most bitcoiners have the same opinion as me on the subject :)

I would like to see bitcoin grow more and more, and more stable as well in value. We shouldn't care about what the SEC thinks of us.

Well, for now no doubt that the discussion was not overly affect bitcoin, in fact, the price of bitcoin not changed significantly, because basically bitcoin also has persisted long before the discussion begins. but, it may affect the bitcoin if it is accepted.

Hilarious.  ;D
Some people here are so excited about that before it happened and now they are saying they dont really care. Hypocrites.
When I found the news about that ETF thing I didn't really care much not even a little excitement came to me.
Here is one of my post.

Actually the pursuit of the ETF was designed for Bitcoin and not the other way round, so it wasn't really a case of egg and chicken. Bitcoin was already on course, though the approval of the EFT would have boosted it, but as is evident, its disapproval actually mattered less am I personally would have been surprised, if it were approved, because that would simply signal the government approval of something that threatens that is admittedly beyond their control.

It's not that we don't care about the SEC decision that they didn't approve the bitcoin ETF, so we experienced this huge downfall of the bitcoins price temporarily, but its not that low compare to the bitcoins price this last year. This year is really good for us because bitcoins price is continuing to rise and also getting low between $1100 to $1200.

Though the rejection of the bitcoin ETF, still, bitcoin is still standing on its feet without the help of the Government, but if that bitcoin ETF was approved by the SEC, then it would be more good because the bitcoin price will continue to rise and will not experience this downfall of its price again.

there are only three groups of people.
1. those who saw beyond all the surfaces and all the FUDs and knew ETF is not really going to change that much. (approval a little good news and little help and rejection 0 effect) and said so.
2. those who were two faced, meaning they knew this but wanted to buy cheap bitcoins so they started putting wood in the fire so maybe they can buy cheaper coins.
3. sheeps! it doesn't really need explaining a sheep is someone who reads stuff online and moves with the herd not using his own brain.

It is not correct to say that no one cares about ETF.Imagine if ETF had approved, the situation would be different now.
But we can say that bitcoin has become strong enough to be effected by any single factor.
It is good that negative things and news effect bitcoin less than positive things.

We all care about ETF but since it has gone the way it does, I don't think there is any need to still gloat about what is in the past now. The moment we have all made up our mind and not to be affected negatively by one decision coming or going the more stability it gives to bitcoin and even shame those who are the evil predictions about how bitcoin will come crashing in case there is any negative news. So lets assume we don't care and move on.

There are many comments here as to how people are excited about the approval of the ETF but actually it is not the ETF that they are really aiming and getting excited of but rather the potential price spike if ETF will be approved. They also said they dont mind if ETF will be disapproved since the price of bitcoin was not affected by the disapproval of the ETF.

Yeah, actually I'm one of those people that is very excited before while waiting for the result of ETF. Because I'm really hoping that the price can keep on increasing but unluckily we saw the rejection and it didn't passed. And I was expecting that it's a 30/70 chance of ETF to be approved but the sad truth is it didn't.

Sheeps! Yes I have seen a lot of that too.
Just going with the flow or just agreeing with everything a Legendary member says.
Not having your own opinion sucks. You must be willing to create your own if you want a better future.
ETF will just be there it aint going away. We can apply again for that and maybe next time it will be considered.

Personaly i don't care about rejection ETF, because without approval bitcoin is still alive up to right now,
 bitcoin will be live as long as there are people who use it,
we are comunity of bitcoin must care to bitcoin because bitcoin needs us, bitcoin doesn't needs regulator
bitcoin doesn't needs countries or other

I agree with you, j think we should keep Bitcoin natural and don't introduce any unnecessary policies that might influence it negatively. We are good with or without ETF.

Those big holders of bitcoin are waiting for ETH to be approved let's say years past and this is the first time that there an good opportunity coming , but since ETH rejection doesn't affect the price of bitcoin its doesn't matter to me at all bitcoin will still a bitcoin and it will be the same.

The reason I can adduced to that is that people in this crypto-world e are getting more mature that we no longer give in to series of panic selling and that all not all news we allow to influence our decisions concerning bitcoin. When the momentum was high concerning what will happen to bitcoin if the decision is negative, I hold the believe that whether ETF or no ETF bitcoin will still stand and we will still be here and thats exactly what happened...

You hit the nail on the head

We all seemed to care about this wretched ETF, though it also looks like that we cared about it in a somewhat different ways (if not to say, in opposite ways). What I mean to say is that I, for one, didn't care so much about an approval (or disapproval) of this fund as about Bitcoin volatility that was linked to and caused by the SEC decision expectations on this matter. A few more bitcoins got eventually shaken from the weak hands, and that's what we have as a net effect of the whole Winklevoss effort. Besides, I'm also curious for how long people are going to discuss this topic

Obviously,older days have gone when bitcoin progress was dependant on such decisions.Mojority of predictions said that bitcoin price would face a huge fall.But Bitcoin has proved every such predictions as wrong.This is a strong message that people all around the world have started to realize the true potential of bitcoin,the Digital gold.Bad luck to only those who believed the predictions and shorted their Bitcoins to rebuy at cheap price.

Bitcoin is also producing history, and history helps in decision making. People dont want to repeat their mistakes, more so news of speculations are everywhere. more analyst than we use to have. this can save from mistakes

I totally agree with your comment. Circumstances surrounding Bitcoin has been independent of the ETF and so it doesn't matter whether or not it is approved. We were just looking for solutions and if a better solution is in the pipeline then we will just be patient and wait for it.

Of course the price wasn't effected. Currently the Bitcoin price is almost solely and completely controlled by the Chinese. Why would the Chinese care at all about the approval or disapproval of an American exchange traded fund?    

The little downward movement that followed the announcement was the westerners response to the news but that was nothing because the Chinese don't care.

So are you primarily implying the Chinese have succeeded in monopolize Bitcoin ? If that's the case then what's the purpose of decentralization?

It's as decentralized as any free open thing can be. Chinese have shit loads of money, they choose to buy bitcoin and no one can do anything about it. No one should really care either. It's making all of our coins more valuable. Besides decentralization doesn't come from ownership, it comes from control of mining or control of development.

 Think of it this way, if I owned every bitcoin in the world except for 10 and I was spending 1 thousand bitcoins a day bitcoin would still be decentralized. Even though I'm the only person still using bitcoin all the miners would still be in place trying to get a share of the block reward and the fees from my transactions. Development would remain a hodgepodge group of unrelated coders honing their skills on bitcoin. At this point bitcoin is so widespread there's no reason to ever talk about centralization again.

Bitcoin is still growing and does not yet belong on etf markets. ETF'S are to similar to stock markets, which would only taint the purity of bitcoin and demoralize the values it stands for. Bitcoin is better off independent until it matures and is managed by new era leaders and agents  of this generation. The world needs new money, new leaders and new ideas to move into new era.

Probably you have a point but, I also think that Bitcoin does not need an ETF because as decentralized system, anyone can join Bitcoin economy.  They don't need the approval of SEC to join the community.  After all Bitcoin and regulation does not fit together.

After heavy regulations imposed by PBOC, I am not seeing Chinese exchanges are not leading the market neither with volume nor with bitcoin prices. Sadly, I do see we are missing heavy players to bump prices harder like what we did see by end of last year.

A typical decentralization system usually poses being controlled by few people but over time we can see decentralization goes further stronger. (like when China can do, why we cannot ?).

Literally bitcoin etf rejection had no effect on bitcoin prices as it was categorized as extra benefit to bitcoin system and not a fundamental thing to affect price levels.

Well, I don't think this rejection would have a big influence on BTC's price, considering that it exists for a long period of time and, in general, has increased and becoming more and more stable. BTC has only dropped about 15% and it is recovering very quickly.

It seems to me that this decision influenced bitcoin. And now its price is going down. The panic was a little late. But now people panicked and the price went down

Current decrease in price has nothing to do with the ETF anymore. We can thank all pools that are signalling BU support for the fact that the price is going down. If they just do the right thing and show support for SegWit, then we would be hovering around much higher price levels, plus it would take a lot pressure off the network. But then again, there where people are involved, things move over stormy waters. It's a damn shame.

The purpose of decentralisation is for it to be free of government and therefore supportive of democracy and open for other people to take part even if it is generally monopolised.  There's also the fact that it means it's much harder for people to track you as there is still no set third party for any information to pass through.

The ETF decision was a shame but it was quite clear from the start to be honest, with all these ridiculous delays when Bitcoin was clearly against their regulations anyway.  It's good that Bitcoin is even close enough to get considered though.

No, The actives of the Chinese exchange sites are impacting the price of bitcoin. It looks like the price is down again to the bottom. Too many the manipulation of the bitcoin price in this day and I believe it will down again in the future and no doubt.

The ETF rejection has nothing to do with current correction. If it had, the price would have crashed and didn't rebound almost immediately


I don't think that it is a shame of the SEC part

They just did what they should have done anyway. Why would the Winklevoss kids want this ETF in the first place? If you have a functioning brain, you should understand that they are in for profits only, and I wouldn't be idealizing them as some Bitcoin supporters are doing or as Bitcoin supporters themselves. So why would they want this ETF approved if not to sell gullible folks their 100M dollar Bitcoin stash at high prices? If they just tried to sell their coins in the open market that would crash the price and they would be left with losses. This ETF is basically their safe boat to get out of Bitcoin without losses while grabbing some profits

Has their been any updates on the ETF? I have not see anything in the news about it. Supposedly something was supposed to happen this week or last week and it didn't?

What is going on? Can we expect a crash of price if a decision is handed out(for the 3rd time of not approving the ETF)?

the latest thing to happen was the closure of comments on the decision that ended on the 18th.

next is the rebuttals to the comments which ends on june 1st. i dunno what that's supposed to mean.

then they say no again some time after that. i'll be amazed if there's any type of significant dip this time. it's such an obvious no that it's barely worth thinking about.

Honey badger doesn't give a shit...  :D

Nothing significant has changed about bitcoin. So what can change their mind? The only thing that can be the reason why ETF will be approved was because they actually wanted to approve it back then, but didn't have the time to make good decisions or they simply think that it's not the right time. They already said 'No' to us so people are expecting 'No' again from them. Actually, why even bother asking them again and again when we haven't developed anything significant like the Lightning network yet. There's also very little time between the last ETF decision and this coming ETF decision.