Bitcoin Forum

 Its a sudden But regrettable News that the SEC has ones again rejected a Proposal Regarding BTC, this time by ETF. somehow i saw this comming especially after an earlier rejection of a  Winklevloss ETF which proposed physical trading of BTC.  The rejection reasons are the same old ones., Market Manipulation being one of the major. To me this is an expression of how badly the SEC wishes they could control BTC and as long as they dont have the control button, no proposal will ever go through. with the current red market situation, im certain that somehow, the decision is going to have negative effects on the BTC value. Which brings the concern of WHATS GONNA HAPPEN TO THE CRYPTO KING

You know, it's like telling "Omg, HBO will not show anymore Hollywood productions, what's going to happen with Hollywood?"
Bitcoin is fine. As you can see today's rejection didn't even affect the markets as much as the panicking ones expected.
You've got it right, market manipulation is big. But it's big with or without ETF. All in all life goes on, Bitcoin development and adoption goes on, LN testing goes on and we HODL and wait for better days on the market too.

Of course today people, investors and companies are waiting for the approval of ETF because it will give BTC  a huge boost and support to rise up. It is one of the most important decisions of the year

I don't think any thing will happen to Bitcoin. Rejection by ETF does not stop trading with Bitcoin .is just a way of manipulating price ,so that more big investors can take chance to buy and hold btc.in my own conclusion of the decision taken by SEC is that they are looking for a way they control price action of btc until then more rejection will take place.dont be scared.

This is all strictly planned in my opinion. Keep the market and BTC low for now to scare little investors and make them think the good times ale gone forever. Meanwhile big companies and people keep on buying more and more at that 6k level.

What's going to happen? I guess nothing.

We are still be here standing and we will continue to grow in the future. Of course there's no amount of modifications on the proposal will allow SEC to approved ETF's it simply won't happen because the market is subjective to manipulation.

And what are the chances of Van Eyck Solid X application? It will be the same sorry to burst the bubble so I advise everyone not to get excited next hope and hope that a approval in on the horizon.

Nothing will happen to the king bitcoin. It was concieved to turn back on the banking system, wall street and legacy economics. It is a new asset and it does not need anything from the old system.

I think that BTC will develop chaotically and will not depend on our desires. the news that the US regulator rejected two bids for Bitcoin-ETF from ProShares, six applications from Direxion, and another from GraniteShares, is just a drop in the development of BTC technology. The SEC continues to hold its positions against potential fraud and manipulation in the market of publicly traded bitcoin funds, citing the fact that the applicants did not comply with the SEC's requirement to develop rules to prevent such violations.

Bitcoins is going to react to demand and supply of buyers and sellers as it has been done always regardless the overhyped ETF. Bitcoins has gone on a bull run in the past without any ETF impact on it.

Bitcoins are still the safest coin to hold, we might see the market fall longer down, and with a market fall we will probably see Bitcoin rise future in domination.
I still think we are long away from any EFT, we will get them, but it can takes years before we get there, the market are still to manipulated, as long as tether will be buy up the market will not crash to much.
In long term bitcoins are still going to be extremely expensive, so just hold your coins 10 more years.

Bitcoin will keep chugging along like always. Some days it will go up, some days it will go down. Eventually the price will stabilize and more people will feel comfortable to use it as a currency.

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There is no negative or positive effects in the market due to sec effect but altcoins seems little wake up after it. Now only rally starts according to me hence please bear for some days.

All the cryptocurrencies will be settled soon then you don't need to worry about the price at all.

Regardless whether it has  been approved or not,  the current market for btc seems to be  normal and I don't believe that the ETF issue has no major impact at all. Btc will remain strong and will continuously dominate the crypto market.

the reason is not only market manipulation, but also the SEC sees that ETF are HYIPs that have huge losses for everyone.

I think that ETF must provide evidence first, or the ETF must find a partner to create positive value, so that it will create a good result. and the SEC will see that positive value.

That's true, perhaps many people anticipated the same result from ETF but maybe with that knowledge BTC won't crumble like they wish because it seems to be that so far the price if anything has done the contrary.

At the time of writing, BTC has bounced back above $7,000, so this seems to be a newly established support level after the recently stated $8,000 and $10,000 levels were generally accepted by investors.  investors need to be patient as the entire market is in disarray at the moment. Currently the U.S. hosts far more financial technology companies than any other country in the world, but this could change quickly if regulators don't keep up with the latest technological advances.

I think Bitcoin will go to sleep for a little while after so many big drama in recent times. And there probably will not be too many rollercoaster rides until the next wave of breaking news.

I would lover to think in this manner only and should be positive about the market. Lets just forget about the SEC and all the ETF stuff because that is what that is in between them and their decisions. Neither ETF had any investment into the crypto currency no it is going to affect the prices of bitcoin or even other coins out there. I guess it is pretty simple that if there is just framework of something and no real thing then how can anyone even imagine that it will collapse the whole structure? Just chill, and lets focus on the crypto the way it was and it is.

     Whether the proposal will be approve or not bitcoin will continue it's journey to give hope and bright future for everyone. The current market will be better soon and bitcoin will increase. Holding is best thing to do right now no matter what happen.

I think, we don't have to worry about rejection of the bitcoin ETF by the SEC, bitcoin in the future will have good development without Bitcoin ETF.

even bitcoin reaches a value of 20K and becomes an uptrend without bitcoin ETF.

I think what we are all very anxious to see BTC do, is to reiterate the price spike from last year or to at least head in that direction. Tough, this may be a uneven ride for sure, but we must keep our faith for BTC and our sake too.

The next thing for btc is to wait for the etf being approved and by that we can see 20k usd easy just as that. I guarantee that it will be easy. Just wait til September at the very end.

This ETF event was not the end goal for Bitcoin, Bitcoin will keep on trucking.
There will be steady growth and adoption along with the usual trading as
always. The OP makes it sound like all hopes and dreams are pinned on ETF.

I would imagine that after the  next announcement to reject postpone  would not lead to to a mass sell off again.  Most people are realizing by now that we look rather into Q1 of 2019 when it comes to the ETF. As someone already pointed out, the odds are high it will be delayed further. I think we still might have a shoot that it gets approved, to meet investors demand and also to mitigate risks by being exposed to several markets,  not just one.

An approval of an ETF would certainly open the door for a bull run, but even without it widespread Bitcoin usage across the world and a variety of industries along with the support of investors will drive the price up. However this will take some time but I'm still confident it will start rise dramatically before the end of the year and really start to surge in the first quarter of next year once more and more big companies start rolling out innovations driven by blockchain technology and using cryptocurrency on a larger scale. Those that have not yet adopted bitcoin will forced in order to avoid being left behind in the wave of innovation.

I'm very surprised that we have not had a sharp sell off after that string of ETF failures.  With everything holding steady I'm wondering if we have finally and truly hit rock bottom.   I have picked up my buying.

I was also panicking sometimes, when the market seemed to fall and fall forever. After all I am human and in the current society I do need the money.
But then I've seen that the things are actually not that bad and trying to chill and stay optimistic and also help the others stay optimistic.
We can beat the FUDsters, we really can.

I saw a sharp selloff with most alts in the double digit loss. We would have maybe seen a bigger one but if the prices are already bottomed out there not much more room left to tank...who is selling at these prices is beyond me.

Bitcoin is used to going up, down and a few days will go down. Finally the price will be stable and more people will feel comfortable using it as a currency.
and others

"If the products are ultimately approved, then the largest cryptocurrency by market value, bitcoin, would have likely seen a substantial price increase. For now, however, HODLers will have to sit tight and wait patiently with their coins shivering in cold storage a little longer. (The next major deadline is in September when VanEck and SolidX will have their joint proposal heard, though that deadline can be extended int0 2019.)

In the meantime, though, that isn't quelling speculation about how an ETF would benefit those who hold bitcoin as an investment.

In a post on Medium from June, Ironwood's Michael Strutton teases us some with his perspective on the potential of a bitcoin ETF, "If ETFs add 24 million U.S. investors, and the upward momentum adds 14 million from the rest of the world, then that adds $84 billion and $336 billion, respectively, to the market cap."

Over the past six months, bitcoin's market cap has swung from $326 billion to $110 billion. Adding $420 billion to the market cap could put bitcoin's price range from $26,000 to $44,000."
Regardless of this narrative, I think BTC will be ok even without the SEC acceptance.

Whatever we can see bitcoin again hit for $20000 and recover crypto market. It's my opinion that this is going to happen sooner.

The answer will be the grow and going high. On the latest cryprocurrency market crush the Bitcoin stayed stable and haven't loose and showed all the world it's strength. So the rise will come and the price will catch $9.000 at least by the end of 2018..

I think those next ETF proposals should comply with SEC's requirement. I think they are just doing their job to make this market mature, granting them to be reviewed again is a positive sign that we will have more ETF's to be approve this year. I just hope that their decisions are not influence by big players.

In my opinion , i don't have to worry about rejection of the bitcoin ETF by the SEC, bitcoin in the future will have good development without Bitcoin ETF in the crypto world.

Bitcoin's steady wait on the cryptocurrency market, thus making the next decision to keep the coin or sell it.

No matter what happens bitcoin will recover no matter what but i definitely know and sure that if bitcoin proposal is rejected is not a big problem.

the issue you say is true. But the making of this issue will trigger a fall in the price of bitcoin. Don't worry, man, in the next few months after the fall in the price of bitcoin, there will be another big injection of funds that makes bitcoin back to its original price

bitcoin and cryptocurrency will continue the journey even without those ETF. Indeed bitcoin had already survive and reached as high as $20k without any regulations which is already a milestone in crypto. Maybe SEC had delaying that for other reason to make the price suffer then they will buy at lower price then later on they will approve that will reverse the situation of the market. If you believe in this technology then no need for any regulations or ETF.

Yes ETF rejection will make btc won't reach new ATH this year probably.
But let's see, because crypto is full of surprice and lately USDT market cap is pumping and the whales is ready to buy some bags of btc

The ETF was rejected and the market responded to it but it seems that it didnt affect bitcoin that much. I believe their would surely be some sort of good news that would spike up the cryptocurrency market and bitcoin would for sure rise in value overtime

Bitcoin price has been seriously fluctuating in price for over four months now serious in depreciating on price value, which is not a permanent, soon BTC we go back to moon

I don't think if there are next  for bitcoin, but if am not mistaken there are nothing next to bitcoin but while it lasts it become more upgraded and upgraded and also I hope the price will stabilize and more people will feel comfortable to use it as a currency.

Rejection for the ETF proposal have a little effect from bitcoin slow moving up
I still believe without ETF bitcoin future are strong by the of the Bitcoin ethusiasm
Last year bitcoin face from different kind of problem specially chine banning but they still alive and now china recognize again the cryptocurrency.

I think they are just doing their job to make this market mature, granting them to be reviewed again is a positive sign that we will have more ETF's to be approve this year.However this will take some time but I'm still confident it will start rise dramatically before the end of the year.

Bitcoin was fine and will stay fine. If ETF would have been approved, then that would have been another plus point but not having etf doesn't make much difference. Bitcoin is not at all dependent on totally dependent on that. market will run as it runs. This is a bear market, soon market will recover and people will forget about this etf rejection. These kinds of small problems will keep on coming but they won't affect the market in long term.

People need to understand that we have many exchanges that are created without license and by people we do not even know, the crypto world still lacks a lot of regulation, would you trust an exchange like yobit for example? let's say you have a bank, the owner of yobit appears in your bank and want that your bank accepts that yobit open account in your bank and allow your customers to trade Fiat/cryptos. you as the owner of the bank, you will do a search about yobit before closing the business and see what you will find about yobit:

Yobit Scam withholding 10BTC (https://bitcointalk.org/index.php?topic=2718718.0)

Would you allow your bank to do business with yobit? Obviously you would not allow it, so you can see that the SEC has already done research on the crypto market and already realized the huge irregularities that happen in the crypto market and the SEC wants to protect people.


I agree

yeah, now people,  inventor or everyone are waiting for the approval for ETF, it will help bitcoin go to pump up and get more price on coinmarket. if the ETF is not approved, i think bitcoin will lost so much price.

I have my own view, bitcoin will still run even though etf does not want to do things together, bitcoin has proven, from nothing to what the world sees. that's a fact!

I don't think you should panic like that. The SEC will sooner or later have to accept a bitcoin ETF bid because, they just can't resist progress.

Any decisions of serious organizations currently only postpone the date of recognition of bitcoin. At present, it is already a real means of payment. Possession of bitcoin is equated to possession of property by courts, because if this is not done, many corrupt officials will transfer funds to bitcoin and say that they have nothing.

All we can do is hold on and wait. Bitcoin is a waiting game which is the same for your other investments. ETF is not the end and bitcoin still has it's potential one way or another.

Prices that are still not stable on Btc, this results in all proposals being submitted are not accepted, because people will think twice about receiving a proposal. Here we are talking about money and profits, seeing the current situation to get a profit is very small, so it is only natural that the proposal submitted is not accepted.
but don't worry, this is just news. we don't know the decision taken, hope everything will be good.

the bitcoin has always come with different technological importance as the face of technology thrives. firstly was just a means of exchange and later the immutable ledger and now has become an avenue for the innovation of projects through the creation of projects on the blockchain space. i trust it will still come up with something new as the day goes

Cryptocurrency has a major feature of been anonymous and I wonder why traders want a centralized organization like the security and exchange commission controls it. Bitcoins don't need ETF, it is ETF that needs bitcoins.

I think this ETF thing is the major reason why bitcoin is not rising up. because traders and investors hesitating to do take an action in the market they wait, time passing. nothing happen , If the bitcoin price goes down to $3,000, I think then hesitation will be disappear, then market will behave in normal ways as it used to,

Even with all the chaos, BTC is still the safest one there is in the market and does not matter how low the price level gets, it will still be the best coin and will not die. The future of BTC is bright as ever and we should not fret over it.

while waiting for the very long day, somehow the current volume of cryptocurrency is getting weaker, may they be more worried about the outcome of this ETF? in my opinion, with the weak transaction volume in the past few weeks and the possibility that it will remain like this until the ETF later, this can have very bad consequences

Do you guys really not understand what is going on? A whale dumps, which causes a cascading effect. Then he buys at the bottom only to keep repeating the cycle. This will keep happening until bigger money comes in and eats up his dumps. He's accumulating. There was an article about a Chinese guy that had accumulated 10,000 BTC this way.

Totally we are need to huge support and increase to the big investor for the uping Bitcoin price,be have felling the possibility about Bitcoin price because market no have still stable so don't try to leave it.so waiting for passing some time will come back market belient good feedback.

Whatever the reason for the Bitcoin situation, for me it will still be fine. Apart from all the news, I think that is only part of the season. Believe that bitcoin will be fine, and still very worthy to hold for a long time. Let time answer this situation, until the coming of good news about bitcoin will be the dream of many people. That is to use as a transaction tool that can be received by many parties. :)

I wouldn't say the safest because there is a risk involved. But compare to altcoins who have been suffering, I say that bitcoin is the best leverage as investments for now. Although we also did experience a 60%-70% down turn, the market is still going strong and somewhat stable along the $6k barrier, so year-to-year we are still doing ok as compare to the rest of the altcoins.

For me the next of bitcoin is ethereum. Ethereum has almost same with the bitcoin the only different between them is  transaction fee and speed. The total supply of bitcoin is low while ethereum has infinite. Eventhough ethereum today is down im still believing on it..

What distinguishes BTC is that it will not be subject to anyone
if that happens, it lose it identity
I do not think so
no body can control of BTC  and this is the secret of its power
rest assured BTC is stronger than all these entities and attempts

BTC is the future.

The next bitcoin is probably the altcoin that the bank issued and used!
I think the bank will not use bitcoin for its future payment plan!

In my opinion is, The whole crypto market will be recover soon. Maybe It will happen end of 2018. At this time all altcoins are in downwards. The whole crypto market like a red market. " WHAT NEXT FOR BTC? "  This question is now very popular in the crypto field because the king of the crypto-coin is in very down. It is Bitcoin. But I think Bitcoin will never end. If bitcoin will die, my second predict is Ethereum is the next Bitcoin.

https://www.reddit.com/r/CryptoCurrency/comments/9ng5q5/bithumb_was_just_sold_and_the_new_owners_want_to/?utm_source=reddit-android
see, there's the stock's coming back.  def not crashing into bear yet
coins just sitting bottom, only can go up pretty much from here mostly

One factor that has really affected bitcoin in this year has to do with the bitcoin ETF. I think many are the issues that has arised from the rejection of Bitcoin ETF by SEC. Many investors are concerned with how bitcoin  ETF was treated by SEC, I believe many were hoping that the agreement would have gone well in favour of bitcoin so the value of bitcoin can really rise to an appreciable height.

It looks like ETH. Because they are supporting Erc20 tokens. Additionally, ETH is the top 2 cryptocurrency as of now. So maybe, in the future, ETH will level up with BTC (hopefully not) and will continue the legacy of Cryptocurrency in the society

There are so many speculation about the future of Btc for some says it will be dead and for some the future will be brighter. Bitcoin will not be end I think in time it can recover. Well, possible eth could lead among other crypto once btc wont survive.

There are plenty of reasons are there that why Bitcoin again get rejection and one reason among all is that may be its a pre-planing of bitcoin and SEC so that many investors who can not handle risk leave that platform,and after some time when bitcoin market is left with limit number of investors then bitcoin get approval and bitcoin value got increase and market come on the same track as it was a few years ago.

Bitcoin have been in existence now for ten years and at that it market according to it price have witness a lot of ups and down and the red and green chart has always been there but the fact still remains that despite the ETF rejection and denied registration bitcoin have succeeded in the dark market and if bitcoin have raised to the current amount then we should be sure of it survival till the expected will happen.

Lol. I don't think survival is a question here. Pricing at above 6k is by far not an indication that btc is going to the dump. Though growth may just take a gradual but sure movement going forward.

Such argument will continue to rage among the lovers and haters of bitcoin. The truth is that bitcoin has made it's mark on the way future transactions will go. The death or life or bitcoin notwithstanding, the world has embraced blockchain technology and cryptocurrency.

It is necessary that bitcoin comply with the regulations for greater confidence. but in the future, if even the SEC. They do not approve ETFs, bitcoin has a tendency to increase.

It's an attractive market ... a $ 400 billion market does not belong to anyone ... something we have not seen before ... the industry can easily reach $ 4 trillion, or $ 40 trillion is also It is possible for the next ten years, not just one night

Bitcoin will replace the dollar (and possibly other traditional currencies) as the main trading unit of the economy. People will buy pizza, pay rent and repay their mortgages and Bitcoin. In addition, Bitcoin will play the role of gold. Traditional currency is still the main trading unit everywhere. except for some extremely chaotic economies like Venezuela. But Bitcoin's market capitalization is still significant and it has grown over time, sometimes bubbling up and experiencing major problems but still standing.

Well the ETF rejections did not result any negative impact to the Bitcoin market thats it looks like the people are not interested of the ETF anymore but still i like to see the outcome if the ETF will be approved by the SEC this year if it will trigger the bullish run or not. Lets wait and see then.

The market is still strong and somehow bitcoin is stable at 6k barrier. If goverments or banks start to create their own digital coins, they can manage market at some rate. This can make a weakining effect on bitcoin. I don't think another coin which is on the market can beat up BTC.

The approval of the ETFs will be carried out by the SEC, no later than February 2019. This event could be a new watershed for the new appreciation of bitcoin and consequently of the altcoins.

The next step for Bitcoin should be the creation of a sidechain and the development of methods of payment for goods and services with the help of cryptocurrencies. It is also very important that adequate laws related to cryptocurrencies are adopted.

As I know to this day, Bitcoin is still the king of cryptocurrency that is unmatched. I only observed from the side of the price that still stood at around $ 6500. But it is difficult to go under $ 6000. I have never thought there would be a substitute for bitcoin for the next. If there is a successor or successor, then I think that opportunity is at ETH. Although not for the near future. The road is still long and must think positively for bitcoin.

I see it's already a struggle between the large entities that want the control button and
BTC and a large supporting community reject it
Because control runs counter to the idea of decentralism and financial freedom
On which the BTC was based
I think it is a long battle and the two sides may reach compromises.

I think that bitcoin will remain in the underground as it is now. To some extent, this is even good, because we can anonymously stay on the Internet even when shopping. However, its presence in the shadow creates skepticism among new investors about all cryptocurrencies in General. I think that the legalization of bitcoin is needed only in some countries, and physical bitcoin trading is simply not necessary.

The whole market seems to have been quite calm across the board but according to some reports, this isn’t necessarily going to be the case for much longer. Based on a technical analysis, the leading crypto is approaching a key support level and could soon make a crucial move in any direction.

This rejection has not had any noticeable impact on bitcoin till date. This is one of the things that people made much noise about that would affect bitcoin but didn't really matter at the end. I am personally hoping for mass adoption. The lightning network is another thing that will boost  the bitcoin.

Nothing will happen to bitcoin and rejection by SEC won’t stop the trading. It’s just one of the ways to manipulate the price. It is just a drop in the development of bitcoin which shouldn’t worry us. Bitcoin will grow and the market will recover without ETF approvals. We shouldn’t see it as something that would significantly improve the situation. Yes, the decision can influence the price by attracting institutional investors. Regardless of the approval, bitcoin will remain the king on the market.

As I noticed the decision of the next refusal does not affect the price of bitcoin, this once again confirms that bitcoin, regardless of the state, can continue its work and maybe it does not even need the approval of the SEC !

Indeed, it is common knowledge that greedy people want to control bitcoin, but they cannot. Bitcoin is designed for individuals, and if they really want to control it it will be very difficult even though they have a lot of money.

yes, the last 2 months bitcoin is stable, and in my opinion, ETFs are part of the negative aspects that affect the stability of bitcoin.

Today, I have heard that ETFs become a political tool, and that makes me disappointed. I think that ETFs will have a slow development in the future.

Uh when you say control, a few people with enough holdings can actually manipulate pumps and dumps that will affect how the rest of the holders feel. It's a known fact and sadly that's just how most things in this world works. Whatever happens to btc, you can only be prepared for any possibility.

I’m wondering if Roottock’s project will create something interesting. I think this can push the entire Bitcoin ecosystem to a new round of development.

Yes it is true, in fact the pumps and dumps are very influential to other holders, there may be some people who do pumps and dumps simultaneously at large numbers are able to make some other holders panic. And I agree with you, no matter what the situation we will face, especially when there are pumps and dumps, we must be prepared so we won’t be panic. (http://yubster.com)

I think "manipulation" the reason why they can't accept bitcoin and they are trying to proposed another crypto where they can manipulate and control. But I believe that the crypto king can never replace by an ordinary cryptcurrency.

Well, I believe that Bitcoin is still in its early phase and such things doesn't really matter considering the long run. Definitely, it affects the price for that moment but it has nothing to do with long term growth of Bitcoin or even the utility value of it. At this level, Bitcoin is not yet recognized by most of the countries and hence legal aspect is one of the key factor in forward-looking scenario.

We're just at the start, hold your crypto for the mass adaption of BTC for daily payments

There are many mems about crypto but i like most that one about Fud or ETF ,where boy says "see noone cares" ,so what i want say all that news are FUD but every FUD can effects one time  only afther, noone cares.

You may not be interested in what this proposition is, but it is still creating the FUD wave, and you should know that there are a lot of things that impact Bitcoin. But do not worry, because Bitcoin is now again exposed to ETF SEC, so we still have a lot of opportunities for Bitcoin's future.

SEC will eventually admit Bitcoin ETF once the project handlers meet up the demand of SEC. SEC the assurance that the market will never be under any kind of manipulation and there must be a warehouse that is within USA to give the comfort so needed by the investors. There is another ETF is almost meeting up the demand hope fully before the first quarter of 2019 SEC will accept ETF on bitcoin.

i think btc is a good coin. more popularity have in the world. now bear market prices is dump. perhaps btc looking his stable market. but we are hoped that again can come back btc bear market prices increaces. we are faithfully that soon we can see btc pump market and we can do profit. now just we are wait for good time.

I am sure that in the near future they will approve of Bitcoin and cryptocurrency and everything will be fine

Because bitcoin is decentralized cryptocurrency, i think there no regulation can touch bitcoin. Recently, i am read an article that Swiss stock exchange will release bitcoin ETF next week. I think its good progress for bitcoin and cryptomarket

There may be a little difference of opinion, because today the price of bitcoin has dropped to 4573 USD (November 22, 2018) so that many bitcoin holders worry that prices will drop again. Bitcoin owners must be optimistic that prices will rise again, maybe not too high. But there is an upward price movement.

In my opinion most likely if bitcoin dies eth will also die, try to pay a (http://rumahmu.com)ttention to all altcoin and eth prices are below bitcoin and of course if bitcoin dies or does not have a price then eth and altcoin will definitely die. In my opinion bitcoin is a permanent leader for eth and altcoin.

Bitcoin and Blockchain are in their intial stage,  it is for sure that they may suffer initial rejection but at the long run it will gain mass adoption

I will agree that Bitcoin is the leader, and it will always lead the cryptocurrencies. However, BTC will not die. Even if it becomes cheaper, this crypto will be used for many years.

Bitcoin price is immune to sec bullshit , btc price is stubborn and is trying to fall head first in to the ground.
There will be no ETF before regulation is introduced in the market , it is needed badly.

Well the sec meeting still lingers on and at the moment no one is quite sure of the out. What ever sec is going to decide will play a huge part in the existence of bitcoin

I think the majority of the market is falling and that can be an opportunity to focus on new goals, I have always thought that we were moving a bit away from the philosophy of Satoshi and this is a new opportunity to get back on track to his vision.

So many parties want bitcoin to die, they have done various efforts, to continue to suppress the growth of bitcoin,
this year bitcoin is always exposed to negative issues, so the price of bitcoin falls to its lowest point.
But on the other hand bitcoin shows its existence with an increase in prices in recent days.
So I think this is a moment of awakening, and is the answer if bitcoin won't die