Bitcoin Forum

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

Another SEC meeting? Good for them. I can only imagine what they are talking about on their meetings:

SEC member 1: Should we approve the bitcoin ETF now?
SEC member 2: Did you all accumulate enough BTC as we discussed earlier? After we approve it, the price will rise and we can all sell off and retire early.
SEC member 3: I still need more time. Let us postpone it for another month or two.
SEC member 1: Okay, decision made. We will discuss it next month again. In the meantime, hoard more... and well ... HODL

Joking aside, who cares. They will do what they have to do, and Bitcoin will still function as it is supposed to.

No ETFs Until 2019? The SEC Has Been Taking Its Time (https://cointelegraph.com/news/no-etfs-until-2019-the-sec-has-been-taking-its-timehttps://cointelegraph.com/news/no-etfs-until-2019-the-sec-has-been-taking-its-time)

They postponed for next year, so wait next year.


They postponed for next year

It will really have a big deal since a lot of people are really waiting for ETF to approve Bitcoin because they said that it may pump the price with it and so people now really rely on it to happen.

we can't confirm that yet, because that hasn't happened yet. but for now, there are no signs of being harmful, even bitcoin prices are starting to rise. well, maybe almost all crypto users have moved on from that, but that is all we can see at the end of this month.

I don't even want to consider the ETF denial. If there is another rejection, the market may not meet it well. I hope he gets confirmation. If it's confirmed, we could be over 10K at a time.

I already forgot about the SEC long ago, I don't care in any way. I am pretty sure in 2019 the majority of people from here won't remember the postponed decision nor what is an ETF lol. Move on, with or without the SEC Bitcoin will still be here

if you up to date with the news you shold aware that etf are once again postponed into 29 december and SEC could delay it again until febuary. I believe etf decisions will affect the market significantly and we might reach 500 billion marketcap in the middle of next year.

Haha  ;D this really made me laugh, I just thought about it for a while and found out that it might be, before they will make a decision, they might bought enough BTC or probably inform their close ones about the decision, whatever the outcome will be, I will be watching the market very closely this time around.

It will quickly become irrelevent, same as china bans bitcoin. It will get old. We dont need etf, and people will soon expect sec to delay etf decisions or rejects, so it will be a no event.

The market is over it. It's pretty clear with how the market gave no shit about how the SEC yet again used its 'right' to delay their decision. It's time for people here to accept it and move on, because the only thing you're basically doing is wasting a ton of time for nothing.

Really? We will demolish the $10,000 level without any sort of artificial help. It will happen next year while we march towards the block halving and people suddenly realize that they better directly start buying before missing out. I strongly believe that 2019 is the last ever year we'll see the price hover below the $10,000 level.

By the time noobs finally get their ETF, the market has gone up to such degree already, that the only logical market reaction is a massive sell the news correction. Good luck with that!

I doubt there's going to be any major effect especially in the bigger picture. Perhaps excitement from some people could pump the price a little if it gets approved but nothing major.

The SEC decisions is becoming a side show for the speculators.  >:(  You will find that they are using the SEC decisions as a

hype tool to increase the price and with every proposal they are making small profits. So we should forget about these SEC

decisions and just focus on growing this network naturally, like we did before the SEC. Also, the SEC only represents the USA,

not the rest of the world.  ;D

I think nobody knows what happen if the sec approve bitcoin etf. Some other says whales are gonna more rich and poor will be more poor if the bitcoin etf approved. The other says after the bitcoin etf approve all crypto market will be pump. But if the solution is bitcoin etf then why they took so long if this is the solution of crisis in crypto. This is mean that bitcoin will huge effect of the world economics thats why they didnt just approved it.

Lol.

This is most funny and valid response I have ever read over the forum and its pretty convincing that why we should be caring much about the SEC design if we can still look at the market in the similar ways as it was earlier. These all meetings and discussion is just an illusion of our eyes and we should be really overlooking them. The fact is, its us who makes up most of the market and if we are going to get diverted with such news then we will surely end up at bad situation and may see crypto fall in front of our eyes. The more we drag ourselves into it the more they will be happy about it. Thats clear by now. They need months to take a decision on the thing which is running since decade now? Wtf to that!!

I believe there will be a rejection of ETFs again because people are not yet ready for such a turn of events. it would be too good for the market

well, we can only be prepared with the worst possibility. hoping that even with the SEC, there are not so many crypto users expecting it. but still we look forward to the best decision this year. well, hopefully the price will be higher.

The SEC will get there eventually. They can't stop an ETF from happening forever.

That said, I'm not convinced SEC approval of an ETF is the windfall people all expect. There will be a big jump initially but until the ETF starts to genuinely amass significant assets, there won't be any LT affect on the market. More important is adoption and usage by the wider masses, not a single investment vehicle being approved.

It seems to me that a lot of attention and great importance is attached to this decision by the SEC, is the market so dependent on it?

Some day sooner or later they would accept it more and more companies want it so its like BTC in early stage gov wanted stop it but it was impossible same is here.

To be honest, I don't care about the SEC confirmation. Neither they will approve it or reject, my focus for cryptocurrency is in the long term. Yeah if they approve it, Bitcoin will rise but some will sell their Bitcoins to gain profit then it will fall again and vice versa.

The confirmation of SEC regarding the ETF will affect the Bitcoin's price for short time only but I think this will be an another step for mass adoption.

I think that while bitcoin, etn, and other crypto currency is estimated in USD, then such regulatory and supervisory body as SEC which is in the US and is a lever of control and market manipulation.

That's right. Bitcoin will function even without that ETF, I don't think so if that ETF having a real effect on bitcoin price in the market, Bitcoin existed a long time ago and until now, more people still adopt bitcoin even though without this implementation. So, there's no reason SEC will approve ETF.

I think this will delay again as those ETF members can't came-up a good decision about this ETF. This is delaying tactics as they know that the price of bitcoin can rally if this will get there approval. With or without ETF crypto will still good and somehow we can bounce back again.

It is strange that they decided to sit on 09/30/2018, because this is Sunday - day off. Will they work specifically for the ETF on BTC?

I thought i read somewhere that the SEC decision has been delayed and will take time till February 2019. Might be wrong though. But anyways, I don't think there would be a huge price spike after the decision. Even if there is, it is going to be short lived. People will usually stock up before the decision is taken, which might cause a small rise, but then most of the people will end up selling as soon as a decision has been given, may it be positive or negative to cash in their profit from the small price rise.

There're only two possible reactions one the market will shoot up if the bitcoins etf get approvals, if they yet need time or do not approve I don't expect any changes to take place. As bitcoins prices have already factored in the rejection already so, only a approval will bring some price hike, again people are tired and maybe even bored of the hearings so there're chances we may see no impact at all.

That will not have a significant impact on the market in the short term, if the ETF is approved, the addition of the market will likely add a little value to the crypto currency at this time, but that will take a long time.
Bitcoin ETF will not be approved this year because the market is not ready for it. Even if that happens, it will take a while before it is actualized.

I think it would have some minimal effect on the market. Most of the investors are not aware of this and will buy/trade crypto regardless of the result. IMO it will be rejected again. Not that I think negatively, its just that cryptocurrency have no enough credibility to be accepted yet.

The most important question we should ask is, do we really believe it will be accepted ? No.
If you and I do not believe it will be accepted, than market do not believe that neither. If market doesn't believe it will be accepted than don't you think they already decided on what they think about it and it is already inflicted on the price ?

I think whatever the price is right now means what we already know, it won't be accepted. Hence, when SEC decides that it doesn't want to accept it than it means nothing will happen because we already knew that and already inflicted that on the price.