Bitcoin Forum

Bitcoin is getting reconsidered once again do you think its going to get approved or denied? Approval does it mean BTC rockets up ? Denial does it mean it takes a dump like in March? May 15th is the last day of approval.

Well what do you think? It was rejected the last 20 times. Do you think it will get accepted the 21st time?

wow is that a fact it got rejected 20 times already?

Virtually no chance it gets approved

An ETF approval by the SEC would be nice, but isn't a necessity for the bitcoin price to continue its increase.

I think it's a non-issue.

They applied for an appeal almost immediately after rejection. This is just setting a date for that appeal.

It's like an eleventh hour appeal for a prisoner on death row. Don't get your hopes up.

Nothing has changed and I think the market realizes this. I don't anticipate a speculation-fest like March 11.

The question is what's changed about the lack of regulation the SEC sees in the market? Either they don't care about that as much anymore or some greater regulation has been created. We all know there's no more regulation of the market (which is great)...in fact there's greater risk that there will be less regulation, given all the hard fork talk.

I think it's nice news but isn't going to change anything.

It may run up the price but we barely saw a drop after the last rejection. Also, this current run up started before the news of the ETF decision appeal.

then what's the point to reconsider it int he first place? i guess this can be the right time to get bitcoin approval, would also explain the last increase in value

the news http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/

i highly doubt theyll reconsider anything, just go through the motions of implied fairness - but who knows...

i would prefer to continue along our own path, and not end up like gold/silver markets

I think ETF getting approved by SEC on may 15th is not likely to happen but there is a chance that they might reconsider and approve it. If it is approved I think BTC price will climb up and if it is denied I don't think there will be a dump that will happen since people might not think of buying unless there is announcement of ETF getting approved. Only a dip will occur if SEC denied it again.

BTC doesn't care about ETF's anymore...

Nah. They are just giving it a review and just like the other ETF on bitcoin, SEC will reject it. They are just giving us a false hope about approving it. Although bitcoin will be fine I guess without ETF. Just look at the price now, do you think we still need ETF? I don't think so. Although with the approval bitcoin price will soar higher. An approval is just an icing on the cake for bitcoin.

The reasons for initial refusal did not abate. While Winklewoss twins used their lawful right for repealing the decision there is little doubt, that there wont be another rejection.

May 15th could be date for reversal and or price consolidation of current rise, steam will run out as will good news.

It never did. Every price increase that we went through was accomplished by a growing demand, and that will not change. However, an ETF would be a perfect tool that will allow institutional capital to be invested in Bitcoin through official channels. Institutional investors don't care that they don't actually own any coins if they happen to allocate 1 or 2 percent of their portfolio for this Bitcoin ETF. It's just the massive potential that they are after. OP; There won't be an approval. It wouldn't make any sense so close after their rejection. It would make the SEC look bad.

Wether BTC ETF will be approved or not, it will be a good thing for bitcoin holders.

If approved, BTC will go up.
If disapproved, BTC can temporarily be bought at a discount.

Win-win for bitcoin. Really look forward to the day that bitcoin is worth $50k.

How do you know that another refusal is not already priced in by the markets? Making decision essentially irrelevant for the development unless its positive this time (there is no reason to believe it will be approved all of sudden).

I hate to be the bad news pariah, but all this uber-bullishness without any proper fundamentals is making me wary.

Nope. I strongly believe that the ETF will remain holding its rejected status, and I am sure the majority of the market movers think so as well.

In case of a surprising approval, the price will get a massive boost, and rightfully so. If there isn't anything changed, then the price will just keep moving as it has been doing in the last days.

It doesn't make any sense for the price to go down as there is nothing to lose, while in fact there is only something to gain. ;) Let's just not expect too much as it will only result in a big disappointment.

I don't think they will change their mind but let's see if they will reconsider it seeing that there's a new country that started to recognize bitcoin, Japan. Whatever the result of it there's no effect ( I guess ) with the price of bitcoin right now. They are just making some issues on bitcoin for them to have reasons to make the price low again.

When is the date of the outcome of the review?

I think you already answered to your questions in your 2nd and 3rd questions  :)

it is not going to happen this time either! nothing has changed with ETF, bitcoin, SEC, and those who have to accept or deny it. and besides i thought we were past the whole news hype of ETF!
and even if it was approved, again it wouldn't matter! those people who know better will continue investing in bitcoin and some fools who like centralized stuff will go to ETF thing :)

I like more investors. :-)

Especially institutional investors like hedge funds or insurance agencies.

Money = money. Soon BTC will be sold out. The demand is really high already, 16 MLN coins are already mined. Altcoins are growing fast but with so few BTC avaliable BTC will skyrocket soon. BTC hasnt skyrocket since 2013. Its coming guys. Altcoin investors will be to late and trapped for ever. Its coming..

It is going to be denied of course.

Nothing has changed - they're worried about unregulated exchanges providing unstable prices (because the ETF would be based on those prices). And Bitfinex proves their point, see the premium on the bitcoin price there.

Until the majority of bitcoin trading is done on regulated exchanges like GDAX and Gemini, the ETF won't get approved.

I agree, there really is no point in approving it right now since there is no great change in bitcoins that can really change the minds of the people that will decide. Well, unless they pay off those guys deciding then for sure this will get denied and again we're looking to see another price boost in the coming weeks.

If the community really wanted that ETF approved, they'd move their trading to Gemini or GDAX or another regulated exchange.

What is utterly amazing is that they insist on continuing to use unregulated exchanges but at the same time are full of hope that the ETF will get approved. It's almost as though they can't connect the dots!

Nothing has changed since the last rejection, so history will repeat itself again. Pump to 1300$+ before the decision, Dump to 1000$(or below) after it. Looks like another sure win to me.

But this time i won't short my owned bitcoins, instead i will wait them to say "no" and gonna buy cheap coins from 1000$. (Maybe i'm afraid to admit that there is a small chance for it to get passed this time  :D)

He's joking.
It's only the 17th time. Don't get fooled.

True. Bitfinex is a good example of how an unregulated exchange can easily manipulate BTC`s price.

Are you kidding me? Japan has a huge reaction to Bitcoin value rises over $1 billion, Russia move to legitimize cryptocurrency.

The chances of an approval is really slim as they just rejected it a couple of months back and i am not sure whether they will have any new findings to approve it but you can speculate that the chances are fifty fifty and if they approve the ETF then it is sure that the price of bitcoin will shoot as we will be seeing some big investments in it and if they deny we would see a small correction after the rally.

^ This. Nothing has changed, nothing has been done to address the reasons why it was rejected in the first place. Anyone who thinks that somehow the result of this appeal will be any different from the last time is kidding themselves.

For many, it will be a game of selling just before the inevitable drop and then guessing the bottom to buy back in for max profit.

And for the rest, it will just be a big, juicy nothing burger at the end of the day.

Now SEC crowd had enough time to fill up on cheap coins after they tanked to 900 so maybe yes ;D

It has of course no chance to get accepted, but I can tell you that the day it is accepted, prepare for new highs ! But this is obviously not for this time. I think that at least in the next year none will get accepted.

What will happen will happen and bitcoin will stand. In the last rejection that was witnessed the same way speculations were high and even some writers took their time to analyse the outcome whether its going to be positive or negative but it eventually happens and bitcoin is still standing. My  advice is that we should stop giving events like this the unnecessary attention for it to influence our decisions as the outcome of it might be devastating if it does not go our way.

We cannot be sure that this time too it will get rejected for same reasons. Unlike all previous attempt, this time same applicant is trying to get approved with improved explanation on how bitcoin is working and why some common regulations will not be possible. I guess it may convince SEC this time.

If SEC approves ETF application this time, we can expcept bitcoin prices to take off toward $10k price levels straightly like how we had in 2013, from ~$15 to ~$1100 levels.

True. GBTC wouldnt even be avaliable at that time, they will trade MBTC or satoshi's lol

You didn't get my point, we are talking about the ETF and whatever will be the result it doesn't matter because of those countries that you had mentioned they are the ones right now that are giving the price of bitcoin pump. And this ETF reconsideration is just another issue for those people that wants to make a "reason" for a dump soon.

All I can see is, this review somehow pushed the price of Bitcoin to what it is now.  This (approval) might push  the price higher but I would say let us not put our hopes in it.  There had not much of change in Bitcoin, it was the same when it was rejected so probably it will still be rejected.  Unless this current rise is a pump due to that issue, then bitcoin price will definitely crash when it is rejected once again.  And if this price increase is  because of adoption due to several countries accepting, then, it the price will not falter and will continue to increase even if SEC favored the previous decision.

Investors now looking for low price.Just wait for bounce and buy from dip later sell on 1500$. ;)

I never got a chance to pay much attention to the first round of the ETF approval, but if I remember correctly they thought about it and then firmly rejected it. I don't think they're interested in letting it through, especially since it means that the SEC is permitting companies to make money outside of the "traditional" markets and, somewhat by extension, concede that Bitcoin is something people can make money from.
There might also be a lot, and by a lot I mean too much, money for an ETF to make in Bitcoin, and the SEC likely knows this.
If I get the opportunity then I might invest, but that hinges on this actually being a thing.

Their are lot of things to be done before getting approval of SEC to add bitcoin in ETF, this is just creating a rumour like last time and the market is reacting according to it, i think very soon we might see the price crashing.

Why do you say "approved"? May has yet to come and nothing is certain but if any announcement of approval or rejection will be out in May 15TH.
Given the recent news about Nevada and adoption of bitcoin as a real world currency in digital form in Japan and given the increase in price worldwide I assume this time big whales are with much more hope than the last times.
This is really pathetic though, we're here to establish a decentralized banking system and yet are depending on the blessing of centralized governments.

What a clickbait title... The SEC has not approved and is not likely to approve the BTC ETF anytime soon, and as most people have this in mind a second rejection probably won't even affect price very much at all. An approval will certainly be nice but the chances are slim the way I see it.

The price is definitely higher, but we have to stop trying to look for reasons for the same. Bitcoin sometimes has a mind of its own.
As we saw the last time, the price just shrugged off the ETF rejection.

Well, it also did plunge quickly after due to reasons like Antpool signalling BU. It's a little unclear why the drop happened, but although most people agree it is BU signalling the ETF rejection could also have had a delayed effect on the price. Shrugged off is a little light but I guess it's all your own opinion.

The reasons they denied this from the winklevoss twins the first time is still valid today so why would it pass this time? Is this what the price increase is coming from? I'd expect a dump after it's denied again. If it's approved I would really be shocked.

It wasn't a total shrug.  Bitcoin hit a high of about $1350 briefly that day March 12th, then a low of about $975 ($375 drop), but recovered to around $1190 - but still off $150 from that crazy high.  But that was about it was the day before anyway...

As quoted an Etf approval is good for bitcoin to take bitcoin to the next level of usability and make it more popular and get more trust. At the same there is no compulsion that it needs the approval to move forward in the growing path with price increase.

Bitcoin ETF Has been rejected for the umpteenth time due to bitcoin has lack of market surveillance and regulation. Bitcoin price always fluctuate and could be manipulated by big whales or people who have huge amounts of bitcoin. But, as SEC intends to review their last decision, bitcoin may have another chance whether to be approved or rejected again : http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/
We can't really secede from centralized government and banks system as bitcoin price and people who trade depend on fiat money and exchanges using banks services to deposit and withdrawal fiat money.

Has anything changed since the last time it was rejected?  Volatility is still high, or at least has the potential to be very high, see post the last SEC decision.
It is still dominated by China.  It is still largely unregulated. There is still a good chance that it will fork in the near future.

I don't think it will be approved, no. I also don't really think that it should be approved. After reading the last decision document, I felt all the points they made were fair!

Absolutely nothing. People just like to grab something to hold on to in the hope that the price will increase further than it has done already. It's pure greed. It's funny how people after the rejection say that Bitcoin doesn't need an ETF, that it didn't have any impact on the price, etc, while they now think it will give the price a massive boost. People here are nothing more than a bunch of sheeps. They are just following each other because they don't know what to do or think themselves.

BS. An ETF means more $ flowing into BTC. Fact. So it would a good for the price short term. BTC doesnt need an ETF because its doing fine without it.

The approval has been rejected last time, it will be rejected this time, and the next few times as well.
But as it seems every try gives a boost to bitcoin price.
Bitcoin does not drop back after a rejection as much as it has climbed up before.

I dont care what even it approved or not bitcoins will continue well it will be a long process for etf to be approved .
If it will be approved sure it will have a big impact in bitcoin price growth .

i agree with Apened said, we already know that ETF is rejected in march but the price is increase from that moment although there is a dump between march-april that is happen, but the price still going up until now and now the price is reach at $14xx. i don't think that after may 15th, the decision about bitcoin will be rejected rejected again like before, the price will getting up because some of people don't want to see the price is getting down even for just $10-$20 for down. but i think, lets we wait for that moment and meanwhile, we can continue to do trading bitcoin-usd or bitcoin-altcoin to reach more profit.

http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/

More info above, I also don't think it will be approved. Then they will have to approve the Ethereum ETF as well.
I also think that having an ETF could spell disaster for Bitcoiners as we would see a lot of money influx from wall street and institutional speculators.
Once that happens it'll be very easy for them to manipulate the price.

Agree with you. I dont even trust Bitcoin how SEC does it? This market might manipulate easily. We got long time. we need to dealt with improving blockchain techo. just investor can't grow up BTC.

No way we are going to see the ETF approved. If I could I would short BTC once it gets rejected, but im not sure 100% so im not going to risk losing a lot of money. I'll just continue watching the show from the sidelines while holding, and if it crashes as hard as the last ETF rejection of the Winklevoss, im going to buy more because as we saw the last time, those opportunities are very rare and get bought back real fast.

I agree with that. The fundamental problem of the bitcoin as pointed out in the last verdict wold not be solved in two months.

On March 10 There are an article that handed a proposal to the SEC, but The SEC just handed Bitcoin a huge setback, The Securities and Exchange Commission has denied the application for the Winklevoss Bitcoin Trust ETF, in a stunning defeat for its founders, due to the unregulated nature of Bitcoin. The result is a major setback for the fund, and a frustrating false start for the crypto-currency at large. but if this is a proposal once again lets just hope it gets approval it will be a great step forward for bitcoin it this continued. 

Let me tell you one thing lets say that bitcoin does not need ETF to begin with to grow further but if SEC comes up with a decision to allow ETF for bitcoin then it will be a positive step and we can expect a big flow of investment in it which in turns reflects in the price of bitcoin,the possibility of approval is slim as i do not know whether there is any drastic changes in the outlook of bitcoin in the eyes of SEC.

We thought that the last time was the last time ;) and now we are getting another take on ETF.
One is certain, even if this fund won't be approved the mere fact that SEC is not refusing to work on it is pleasing.
That means that  there is a slight hope for ETF to be approved in the future. Just don't expect it will be in May.

Read properly! Did I say it wouldn't have a positive effect on the price? Or that the ETF is no good? I was just stating what others are saying. I have always been a fan and a supporter of an ETF as this will allow institutional money to flow into Bitcoin. It's a big deal, but the sheeps I was referring to didn't see any value in this ETF back then, but now they suddenly do. It's a complete 360 shift.

It maybe one great step forward but the problem still is the decision of SEC.  I only see anothe set back becaue since March 10 where Bitcoin proposal were rejected, there is not much of changes in bitcoin, worst its political drama worsen, lots of exploits and bugs have been added to the con list of bitcoin.  The only positive thing is the acknowledgement of Japan to bitcoin being money.  Aside from that everything is the same.  So I guess SEC decision will stay the same.

May i ask what exploit and bugs are you talking about.Not only Japan accepted bitcoin, Russia too changed its policy and that might not deter the decision of SEC but lets hope for the best and does the bugs you are talking about limited to BU and if that is the case it has nothing to do with bitcoin as it is just a shill party trying their amateur skills to find a solution for the scaling issues.

This recent increase in Bitcoin price could be due to speculation that the upcoming ETF vote. If it's not approved, the price could drop a lot.

I disagree once coin was not approved the price did decrease but then rebounded very fast, much more quickly then many thought thus showing the stability of bitcoin. If not approved again by sec I see no change in price.

If it was approved I think bitcoin will skyrocket, but lets be honest, that is not going to happen it was not approved a few months ago and there is no reason to think that anything has changed and could get us that approval.

Whoever is brave enough, should open a short on may 15. It's impossible, simply impossible that it gets approved, so we know the outcome.

What we don't know is if the market will act predictable (with a sell off) or troll us and nothing will happen and potentially the rise will continue.

If there is a sell off then shorts will make tons of money.

But lots of experienced analysts like Tone Vays predict $2000 by august, so we are going to see an interest development in price. Either nothing happens or we see a flash crash with a flash recovery.

There should be a small correction when the SEC rejects once again ,it is just a reaction we see from the market but as long as there is more investors because of the Japanese market the price will hold firm,but looking at the past history whenever there is a negative news the market do correct and then rebound and that is what i am expecting in this case as i do not believe that there will be a approval even this time around.

Didn't hear of this going for it's second approval attempt but that could be the reason for the optimistic view thus the rise in price in the last couple of days to the current level it is of now.
Knew there had to be a reason and I do think it will be passed this time since last time it did not reach the ath and was not past gold prices at the time. But now is it's second coming and it has passed the old asset of investors and more appealing to those same people now it has overshot that mark of excellence or the gold standard if you will.

i think if rejected, much people can dump bitcoin
the big bitcoin investor can playing price to buy bitcoin in low price with dump

There won't be a big dump in the price. In the past Etf approval several things has been quoted which can't be fulfilled in two months time. And as above mate mentioned big investors might try to play causing a dump and make use of it. But this time dump won't happen, because last time a big dump was expected which has been outlawed.

There will most likely be a flash crash of 10 or 20% but that's the price fluctuation you can expect from bitcoins on any given day so whoop dee doo. I highly doubt it's going to get approved, but if it does we are going to explode through the moon and head into the sun.

I've heard some people say it could negatively affect the price. Is that possible?

If it does take off, how far can it go? Can bitcoin be really expensive and be useful still? I mean I suppose it is already you don't necessarily need to have 1 whole bitcoin to use it I suppose the value is what you get no matter what price it is.

We have not seen a huge dump during the first rejection of ETF, and a bitcoin price increased on the 2nd rejection of Bitcoin ETF.  I do not think that the upcoming decision after SEC review the Bitcoin ETF  have a major effect on bitcoin price if it gets rejected.  It may pump the price if the decision is reversed and accepted the Bitcoin ETF since it will bring in more fund to Bitcoin economy.

No one is expecting that the ETF will get approved just because it gets reviewed again.
So I can not imagine a big dump happening after the next rejection getting announced. Sure someone may try to shake the market but if you're smart you just ignore that short timeframe and I'm sure we'll be back on track pretty quick.

Probably another denial, because the SEC doesn't like Bitcoin due to risk.  Why would they want to approve something even remotely risky? It doesn't make them money.

I think the reaction of the market will depend on the conditions of the market at the moment, if there is  a strong upwards tendency then I don’t think it is wise to short bitcoin but if the market is stagnant or with a downward trend then shorting bitcoin maybe an option.

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

I think the first rejection of SEC coupled by the scaling issue, causing the big dump below $1000. But if ever the review will result in the same decision, there could be minor price decrease, but it would not like the dump on the first rejection. Bitcoin price is more stable than ever, and I don't think the rejection will cause it to drop below $1000. Investors or even casual traders are already matured  to think on just dumping bitcoin. Unlike before, we have already have a country backing up bitcoin, Japan leading the way in terms of trading volumes at 50% everyday.

Uh.... The ETF will be a welcome tool for institutions to let their millions (potentially billions) flow into Bitcoin -- aside from the low chances of it being approved on second shot, how can you hope that it will be rejected? Also, mind explaining what "technology improvement(s)" you are talking about? As it is, the technological improvement (SegWit) that basically everyone is waiting for, is still far away from being activated. Current growth is the result of mainly the increased overall demand, demand from Japan, speculation about the ETF, etc.

And where will the information appear immediately when the decision is made public? Where it will be possible to learn at once?  To understand whether to buy bitcoins, or wait until the price falls. Maybe anyone know the site or anything else  ::)

So true. This 2 are the major factors why the price is bitcoin is moving so fast now. But we all know that if ETF is reject there will be panic again and the price could be down. So let's just not worry about the ETF and just let other positive news influence its price after the reject. Japan and other countries had already invested so much on bitcoin and even the ETF rejection will not let those investors just abandon bitcoin ecosystem.

there is no technology improvement. there is also no technology improvement on the horizon. i also think that anyone buying with etf expectations is about as stupid as can be.

That is right. It is better to be approved when there is less risk.

And when will we get results to react immediately? No one knows?

Correction: it is not necessarily because bitcoin is better, it is because bitcoin awareness is raising and adoption is growing, even despite the fact that technology being BTC is still the same.
Don't forget that Australia will accept Bitcoin as fully legal payment method, we should expect another BTC price surge after that.

By the time you as average Bitcoiner finds out the result, it's most likely already too late to act. Never wait for something to happen, always act in advance.

If you think that a positive/negative statement from the SEC will impact the market significantly, then you have to take action right now since we're less than 48 hours away from this event.

Just hold to win. Short if you like losing.

ETF approval would be the end of bitcoin. This shit is even more dangerous than Jihan WU to me. You guys are waiting for it to be approved and seeing it as a good thing but it is not. Hope for the best so it will never ever get approved. If they deny it, because of people like you; prices fall down a little. Maybe a couple of hundreds. No big deal. But if it gets approved;

Bitcoin will be just another toy for the Bankers to play with.

Right now, we are able to buy&and sell bitcoin itself. It is an honest trade. You know what you buy, you know what you sell. When bitcoin gets approved as an ETF, there will be many artificial markets built upon bitcoin.

https://i.imgur.com/knT8Qn1.png
Derivatives.

When you hear the term, "derivative", you should run a thousand miles away from there. Here is a couple of articles about the derivatives and how they fuck us:

http://www.zerohedge.com/news/2016-05-24/derivatives-market-about-implode-big-banks-again
http://investmentwatchblog.com/the-root-cause-of-the-2008-financial-meltdown-derivatives/
http://www.investopedia.com/articles/economics/09/subprime-market-2008.asp

https://youtu.be/uCfSmjd3YuQ

Bonus read: https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/

Long term for sure, but there are enough speculators looking to gamble on a certain outcome by opening or closing positions.

Just think about it, the chances for the ETF to remain rejected are higher than it miraculously getting approved. It will be an easy choice for people if they do happen to take action.

I personally won't do anything in relation to this event as I prefer to keep hodling.

that's right mate, after we seen australia and japan adoption of bitcoin the value really surge up, what if more big countries like them will
start to embrace the system hope big bitcoin can be? no question about the price surge but we should start to contributing and allow more
investors to join so they can also got something from this good investment that we have.

I totally agree with mindrust. ETF approval would twist bitcoin into something completely opposite of what it's been created for, and soon take away the freedom it strives to bring us. It'll become just another disposable gambling game for banksters backed up by corrupted governments. I simply can't believe that some of you people are actually hoping that it happens.

Which freedom we exactly got from Bitcoin and how it is destroyed with the ETF?

People are happy because institutional capital will make sure the price eventually will reach levels beyond what people consider realistic at this point. If you ask people if they want to see the price reach $15,000 or $20,000 at some point, they obviously won't say no. But indeed, in worst case scenario Bitcoin will become a toy for institutions and whatever other big money entities. I personally don't have any problems with that, but I understand why others may not really like this. Either way, with or without ETF's - current holders will win big time.

I am amazed that you, as bitconer, ask such things. We ain't there yet of course, but it's the freedom from exploitation by the banksters. Yeah, same those organized criminal minds some of you people are inviting with that ETF bullshit - which I hope, never gets green light. Some day we can and should become mainstream, but on our terms. Not theirs.


Sure, but it is short-sighted and with all due respect - not very smart view. We could destroy one really great idea, for what? Peanuts.

 

They are bureaucrats, no chance of them saying they made a mistake and will approve this imho.
 
Especially, I think it has been less than 90 days since last rejection

Agree they may add a few statements regarding recent events but I presume the status quo will remain as is.
Although we will know for certain tomorrow what the plan is regarding this ETF application.

So will the price of bitcoin drop if the etf is not approved or is the price already built in? The price is still pretty high right now, so I think it could still drop.

Hoping to be approved by this time despite of disapproving so many times, and if that happens bitcoin price will suddenly blow its price and thats the thing ive been waiting for.

That would just be a speculation bubble because people would assume that more people would invest in bitcoins. Anyone can invest right now and absolutely nothing is stopping them, so how would this actually change anything?

It wont happen

Let's hope for the best. In reality during the past appeals for Etf several statements have been put forth that need to be fulfilled to get it approved. This time the time gap between consecutive appeals is very low to fulfill all the necessity. So this time too everything is gonna be an expectation till revealed about the result.

as far as i can remember last time they rejected ETF with main reason being "it is not regulated" and also "the price is too volatile" and nothing about these two have changed, bitcoin is not regulated yet and price is still volatile.
so unless there is something more that i don't know, they will reject it once again.

its just too soon for them to have a sudden change of heart dispite the rocketing prices but am certain we are getting the same answer for the
second time of asking.

Interesting poll going on here: https://twitter.com/themerklenews/status/863701606990176256 clearly most users do not favour bureaucracy

It will be the same as before, etf will be rejected. And after so many times, I do not think etf acceptance or rejection will still have an effect on bitcoin. There is so many factors now that can affect the price positively. If etf got rejected again, it will not pull the price down.

the timing doesn't matter as much. what matters is that none of the reasons why they denied ETF in first place has changed! mainly regulation of bitcoin, which has not changed yet and despite bitcoin being regulated in Japan and some other countries it is not yet regulated in US and that's what matters.

Regulated bitcoin trading would mean that the exchanges can't play their own books and they can't operate with fractional reserve anymore. Then the veil would be lifted on how much money is actually backing this 28 billion market cap and how much of it was actually funny-money created by the exchanges to stimulate the market.

Since the last rejection is only 2-3 months old and nothing has changed for Bitcoin I don´t think anyone really expects this to get passed.

So I also think the currect price is not high in anticipation of an approval => So Bitcoin price will stay about the same.

Isn't today just the last day to submit a comment?

After today the comments section is disabled.

As far as I am aware there will be no decision.

No chance of approval today or anytime soon. It's a "review" of the initial rejection, not an "appeal" to overturn or reverse the decision. They are going to make sure the proper procedure was followed and the paperwork/documentation is in order.

Anyway, here's the chance to pick up some discount coins before the next leg up.

Yup, but the far majority of the people are only here to earn money. Bitcoin's decentralized aspect and the technology that powers everything are not of any importance to them. Browse through various banks accepting Bitcoin type of threads, and you'll see how many people like the idea of banks incorporating Bitcoin. Certain people prefer to remain a slave of the old corrupted system it seems...

People get lazy when they are comfortable.
If you already have a good life and food and a house, you will continue to use banks because it works.
The only people that want to change the system are those that are very desperate, or very forward-thinking.

it may dip though, the market is surely ready for it. although i agree that nobody expected the approval this time because their rejection reasons were pretty clear. and this rise was mostly because of Japan and FOMO of mainstream adoption.
but i still say it may dip because manipulation is still alive.

The other time there was more expectation but now I don´t think that anbody is really waiting for an approval, for this reason I don´t think that there will be a remarkable impact on the price. The only thing that makes this review is to provide some hope that it could be approved in the future.

I agree with the very desperate part, but I haven't yet met forward-thinking people who are desperate. Desperation comes from lack of vision that narrows down options for ones future.
And bitcoiners aren't about changing the system. They are about putting themselves on the spot of the "alpha-leeches". They dream of buying an artificially scarce virtual currency, so that one day others will have to buy it from them for a much higher cost, while they themselves get richer without any work or skills that contribute society. Bitcoiners have the same moral fiber as "banksters". Only difference is that they lack the education and skillset needed to leech successfully enough to satisfy their materialistic urges.

Thanks for this.

I only disagree about the first one that believe in the project, when it was less 1$.

Like in all revolutions, we are here to take place of current elites as their money become obsolete.

after May 15th, bitcoin price is not effect about result announcement
bitcoin price still flat not big waves fluctuative

That's because the decision hasn't been yet to the open – it usually takes a couple of days to tell. Anyway, we shouldn't care much. Bitcoin always dips a little after the rejection, then continue the glorious road of rising.

Screw the etf bitcoin is stronger than a governed ETF. I expect the price to slightly decrease than within a day rebound no worries!

thanks why i love bitcoin just when you thought the rejection will cause a surge in price it does the exact opposite skyrockets its self to new records
waiting for approval updates and watching price closely for now.

OMG are you serious? :D Man, those people are jokers, what's so bad about it being not regulated? They are most probably shitting their pants because bitcoin is becoming increasingly stronger with time and/or banks donated a nice donation to them in order to do what they want because with bitcoin banks can't see their future in the upcoming decades. Either way I didn't care about it all along, when bitcoin wants to grow with the involvment of something other than honest people who want to free the world from the tyranny of banks, nothing works. The fight for bitcoin is not going to be easy and such problems as not approving the etf should be like nothing for us, the people who truly believe in bitcoin.

Has there been a decision yet on the ETF today? There doesn't seem to be a lot of price movement right now.

Looks the market not give a feedback for ETF decision. There hasn't been a decision about ETF. I think if that will get another reject.
The market is being stable right now.

it all depends on how market reacts to the news. many traders seem to be super happy about a negative news just to dump and buy much lower, the lower the better.
but of course this time the effect will be smaller. but doubt it will just be "a day" since dips usually last some time before they reverse.

how can we find out if they have already made a decision or not?