Bitcoin Forum

- First, it means the SEC finally hears the public about why Bitcoin ETF must be approved.
- Second, this means that the SEC is probably also considering recent Bakkt news announcements. This platform will allow for transaction and cryptocurrency custody
- Third, Commissioner Hester Pierce's dissent helped voice the Crypto community.
In short, the Crypto market has overreacted to the latest SEC statement. Delays can be considered a good thing for the SEC to be able to listen to public opinion. In addition, if the SEC wants to reject the ETF, they will do so within this month and they will do so without notice. Delay helps prove they are seriously considering this


You can read more here : https://ethereumworldnews.com/here-is-why-the-bitcoin-btc-etf-delay-by-the-sec-was-expected-and-is-actually-a-good-thing/

I also feel the same. I was disappointed this morning by the numbers I've seen and I know it's not OK. But didn't also overreacted when they've pushed the price to 8k in a over optimistic hope that an ETF will be approved.
But I've read quite some logical voices telling that the market should not be this volatile if we want SEC take us serious. And this could be quite a problem.

On another hand this is obviously right: postpone is way better than reject.

EFT play in vital role for btcoin. People are disappointed to see the outcome of EFT. I think it will approve in future because people have positive impression about it.

All these things they already know.
They're just delaying the whole thing as much as possible so that the price can be manipulated one last time by some of their "friends".

recently sec decision on about bitcoin etf is going to very serious. But i think if sec can not make any decision now they should postpone. the impact of etf decision is very serious.

SEC has already said privately to big investors that they will say NO to that, that's why this market crashed.

The problem, is that very few people already know the decision. When this situation is published the 30 of September, we will have an apocallipse.


Enjoy one more month. Crypto is gonna die in just about 2 months.

Crypto does not need a Bitcoin ETF to survive and the SEC does not make regulations for the whole world. Only US markets. If they reject it again my bet is you will see someone launch a Bitcoin ETF in Europe or Asia. You are also placing too much store in the importance long term of Bitcoin. If what you predict does come to pass I hope that we finally see the Altcoins decouple from Bitcoin and start trading on their own merits.

according to sec statement crypto market is become serious. SEC should clarify the whole thing but i think if they reject etf decision may be the price of bitcoin will go down and within a week it will come back on its track.

I guess without you and crypto will be fine, rather than spread the bullshit thing and can't you try to do a better thing than it? This was trus if you were creating another FUD to the bitcoin or you are the one of the bitcoin haters.

SEC played smartly here, by postponing the decision they are going to take peoples opinions and it will lead them to the appropriate decision. But, the increment of price has resulted from their expectation of getting approved.

The support we got was overwhelming. I don't know what more the SEC is looking for. I'm sure that they have read all the responses and by now well informed. I'm speculating that someone big from above had asked them to postponed it. Anyways, I would just advise everyone not to have high hopes for a approval, just saying. If they wanted to approved it, they don't need to prolong their decision, in my opinion.

That's a good sign that SEC is taking it seriously and the time of this postponed will help them to know the views of peoples, and help them to take the correct decision about ETF. Though It is hoped to be approved soon.

Finally someone get's it.  The ETF will be approved once the big boys have shaken the tree as much as they can.  You guys thinking this is a free market are kidding yourselves.  The real sharks (bankers) are getting in now.

I believe the ETF will pass in September after this delay.  I also believe it will be the catalyst for a new bull run.  There is definitely funny business going on in this market right now.  I think when it turns it will be explosive. 

Yeah you have pointed out some important thing about the ETF matter. Some people will always overreact. I have seen some people are saying that SEC is going to reject the ETF. Without any confirmation they are spreading these.

It was not worst case scenario, but also not good by any means. It would have been great for it to be outright accepted. But to say no, not for now is certainly not positive...

I think this too. However, I am worried that if the SEC do either extend the deadline again or deny it all together, the price is going to drop to crazy low levels

I think SEC will postpone Bitcoin ETF on September, 30 again and price of BTC will fall lower. Whales need more time to buy and accumulate cheap Bitcoin as much as possible and launch ETF after that happens only because after ETF approval we will see new moon.

We need to keep calm in hard moments. The market is extremely volatile. If we panic a lot, it can only harm the market in several aspects. So let us wait for the announcement from SEC.

The decision is not simple
Large enterprises usually take a lot of time to make strategic decisions
Everyone wishes the decision to be positive

I hope this matter will be solved soon. If the ETF going to be approved, it will be a great news for cryptocurrency especially bitcoin. I am hoping for the best and waiting for the decision.

BTC is people’s currency. ETF cannot really help that much to BTC until they are physically settled I think. So worrying about the approval of ETF is not necessary I guess.

I agree with your idea, it is unreasonable to say that crypto will end if the SEC doesn't  make a positive decision.

Another thing is that this delay lead to some dumps and it is a good thing for us because we can get coins on a cheaper price. I just added some coins in my portfolio and I was very happy because I got it on a lower price. Buy more coins before the SEC approved the ETF because if you won't, this will be your last chance to buy it on this kind of prices.

Many people say that it will be August 10 that bitcoin ETFs will be launched. This date is due to the fact that 45 days must pass from the date of application and the SEC will make a decision. But it is worth noting that the Commission can increase the time to 90 days, and then the decision will be published no later than September 24, 2018.
Large investors believe in the approval of the SEC, at least because the retail investors are not in danger, because the entry threshold is high.

source: https://crypto-fox.ru/faq/chto-takoe-bitkoin-etf/

Delay in approving ETF is creating good opportunity for investors on the other hand and creating massive awareness for bitcoin and by extension cryptocurrency on the other! Bitcoin is getting the attention and publicity it deserves!

I come here to read more information!

This is very nice view of the way of which we should see the delays as a blessing in disguise.  I agree with you that at the back end we should benefit from the delay and makes some money by buying now.

In my opinion, it is good to pass.
If you don't pass the encryption market, it won't have a big impact. If you don't have these things before, the cryptocurrency will not be as stubborn as it is, so don't worry.

The recent unrest was caused due to the rejection of the last ETF proposal. Delaying a hearing is definitely good according to me but then again why are we giving SEC or approval of bitcoin ETF the power to dictate our market and it's trend? We should definitely stop caring about what happens with ETF and let Bitcoin market rise again naturally.

The Stock Exchange Investment Fund is the fund which is traded on the stock exchange market as the simplest. "Value" traded on the market of securities can be traded as ETF as well as bought and sold as shares. ETFs are preferred as a more flexible and preferred value added investment method because of their tax advantage, low cost and the features of stocks.

i think that an etf would really help to grow the trust in Bitcoin. It will help People which are not petty familar woth pc and the Internet to invest in Bitcoin aswell

I don't think people have overreacted here but rather this just reflects how they have lose their trust on SEC's decision. During Winklevoss' ETF propositions when SEC delayed the hearing, the price went up because of the hype and speculations that were created among people during this extra period of time. Now that people have undestand the delay does not help the decision, so they have stopped getting hyped about upcoming ETF hearings.

I understand that we cannot do anything about the hype as it is automatically generated by the community and the sharks but I don't think SEC approving ETF should be the indicator of how the market will look like. Becaause, ETF approval has no potential to improve the current market situation other than creating a better image for cryptos making big investors to jump in.

The delay was indeed a good thing. This brought in good news for the ETF, and maybe for Bakkt too. At the same time, hopefully the people will not react unnecessarily to SEC anymore, since they suffered badly from it.

The people were advised multiple times to not to pay heed and react on the ETF's news. They still did and BTC took the fall as a result. Not that SEC is seeing us halfway, let's hope it will bring some positivity in the market.

If the ETF is approved, this will cause a temporary euphoria for some. But, in the end, BTC will become another managed asset. From the point of view of crypto-currency ideas, in the long term it is better that the SEC does not recognize BTC as a security asset.

Disappointment is the feeling we can have in the community of bitcoin.
why the sec rejected the ETF? this will be better for all people.
not just in USA but for the whole world.
i hope they can open their mind about this.

The fact that SEC listened to us is such a huge relief. And yes we did react unnecessarily to the news regarding the ETF, which we were advised time and again that not to give it unnecessary attention. Let's hope the market will recover soon after this.

Basically SEC Listened is really blessing for investors based on this we talk unnecessary things which we don't need about ETF because of this many things happens in market but now we are expecting this market will go to its previous place.

It sounds very right. If the SEC wanted to deny it. They will announce as quickly as 2017 about the denial. But they delay 2 times, They are serious to take the decision with Crypto. High ETFs will be accepted by the SEC

Based on market conditions it is great for investors that SEC listened based on this we saw many fluctuations based on ETF but what we talk about we don't need to discuss such types of things but soon this market will recover.

Guys, just let it go already. We will never get the ETF approved, most likely. This is the mindset you have to have about it. You have to expect the ETF has never being approved as the most logical outcome.

If you are going to invest on bitcoin only because you think it will pass you will be dissapointed. You don't understand the fundamentals of your investment since if you did, you would not worry about ETF and other related derivatives, since you would understand on the long term it doesn't matter. Unfortunately, most people fail to have a long term vision, few will make it.

I hope ETF will get the approval. It’s really a positive thing that SEC didn’t decline directly. So there is still hope. Let’s just wait and see what is going to be happened.

I don't think that's a good thing because delaying etfs means new money can't get into the cryptocurrency market.
So I think it's actually bad news, not good news.  ::)

I believe this is serious matter to consider about and will have a decent impact on the market probably. That’s why I personally consider it. So I would recommend deferring for a while.

I hope SEC takes the matter seriously. It will be good for if the ETF is approved by them. Though I doubt a little about how they will decide regulations. I hope it will be good for us.

I wish SEC considers the matter properly to build a strong market and make some good decisions for the investors. Still I don’t want their control over the regulations of the crypto market.

it will just expose the btc to investment in the larger scale but we should ask do btc really need that ETF approval or it can survive without that ETF approval in my opinion it could but the delay was just another excuse to dump the price

This can be a positive gesture considering the fact that SEC is taking time to figure out why people would want Bitcoin ETF. SEC would've declined it immediately if they hadn't taken it to their concern.

as per my opinion I think we should overreact on these kinds of things, I think we should not push the market about price it could bring serious disappointment among the users so be supportive over the market

Bitcoin ETF approval will be more secure and profitable. I think SEC will be aprove this. People's interest will increase and they will invest. It will be more faithful than ever before.

If bitcoin ETF is approved by SEC, then it will be a good sign for Bitcoin. Bitcoin will be secured from earlier. People's interest will increase and they will invest more. I think ETF will be good for Bitcoin.

Bitcoin ETF will do something new. If the SEC approves it, then it will be a new possibility for Bitcoin. Bitcoin will be secured and profitable beforehand. People will invest more than the investment. I think Bitcoin's future will be bright.

i think the according to sec statement, the crypto market has overreacted and the impact of this is very serious on crypto market currency.sec should heard the public opinion or they should postponed their decision.

Absolutely delay means they observing the public opinion. It's a positive direction to approve ETF application. Due to delay ETF approval market reflect with down trend. But it's only delay, not yet cancel. There is increase chance for approve ETF because of delay. I expect crypto market will green again.

I think SEC is playing with BTC. SEC being realizing the importace of BTC by seeing its gradually regular grow of popularity made it more precious than ever in Crypto market as well as in world economy. They are in doubts about its regulations whether it will cause spreading more illegal act in the economy or will make it more flourished.

Bitcoin ETF is popular to many people and most of the comment which was given to SEC for approving BTC ETF was positive.

SEC prospond BTC ETF till sept. That’s effect badly on BTC and I hope in future SEC will approved BTC ETF and then it’s popularity will be increased.

If btc etf will be accepted this gve opportunity invest oneys to the btc for more peoples.
New income go price up.
But i think we dont see eth eralier then 2019

Its very disappointing that bitcoin ETF deferring. Its will recover and continue soon .If it deferring for a long time it will be create a problem .

This is also an influence factor. Because trust in the electronic money market is still fragile. There are not really many large organizations involved, while the protection mechanism for users is very weak. BTC ETF can save the market