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Bitcoin => Bitcoin Discussion => Topic started by: hugeblack on November 05, 2018, 05:33:22 AM



Title: Remember, remember! The fifth of November
Post by: hugeblack on November 05, 2018, 05:33:22 AM
Quote
It is the symbolism of Guy Fawkes mask "V for Vendetta."
I do not want to defend that man or that story, but highlight on Bitcoin and dream of a decentralized financial system without abuse "Silk Road."
Also, the 10 year anniversary of the release of Bitcoin’s white paper.

“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”

Ironically, the news on this day says "SEC Plans to Rule On 9 Bitcoin ETFs by November 05 (https://coingape.com/sec-plans-bitcoin-etfs-by-november-05/)"


Title: Re: Remember, remember! The fifth of November
Post by: Pursuer on November 05, 2018, 05:48:41 AM
is there anybody left that still cares about SEC and ETFs they are going to "reject" anymore?
I think it is now an old news like China that people still hear from time to time in the news but they pass it by since it is now repeated stuff without any change...
it was an interesting short history though. before people were saying fuck regulations, then with ETF they started wishing for regulations then as SEC kept rejecting ETFs they are again back on fuck regulations bandwagon :D


Title: Re: Remember, remember! The fifth of November
Post by: Kakmakr on November 05, 2018, 06:31:23 AM
People are less interested in what is happening with the ETFs now, because they know it is just a delay tactic from the SEC to keep people hanging in the air. The buzz for today is the 20%+ increase in the Bitcoin Cash price and how much free coins people could get after the Bitcoin Cash fork.  >:(

I seriously think this will just be another day and all of this is just a storm in a cup, like the many SEC decisions before it.  :P  This also strengthen my suspicion that the next ETF will not be approved - https://bitcointalk.org/index.php?topic=5062376.0   ::)


Title: Re: Remember, remember! The fifth of November
Post by: jseverson on November 05, 2018, 07:08:28 AM
is there anybody left that still cares about SEC and ETFs they are going to "reject" anymore?

People who want a Bitcoin bull run lol.

To be fair to those who swing back and forth on regulation stances, I'm pretty sure most of them are not very interested in the ETF market themselves. They already hold actual Bitcoins after all. They just want it to happen in the hopes of driving the price up. But yeah it is ridiculous either way.


Title: Re: Remember, remember! The fifth of November
Post by: coinwizard_ on November 05, 2018, 07:51:40 AM
People care about the ETF because it signalled the start of the gold rush and they expect the same if they finally approve the bitcoin version. After multiple applications they will eventually approve one


Title: Re: Remember, remember! The fifth of November
Post by: buwaytress on November 05, 2018, 07:55:49 AM
I think there's irony to be found every single day now, with the slumbering traditional system of finance and banking well and truly coming to grips with this rude awakening courtesy of Bitcoin.

Irony in the centralisation of DAOs, in the patenting of what started out as open source blockchain technologies, in the attempted regulation of liberated money, in the privatisation of public domain... Yet Bitcoin and its users continue to find ways to flourish. More importantly, because of, rather than despite, all these challenges.


Title: Re: Remember, remember! The fifth of November
Post by: Pursuer on November 05, 2018, 07:56:33 AM
is there anybody left that still cares about SEC and ETFs they are going to "reject" anymore?

People who want a Bitcoin bull run lol.

To be fair to those who swing back and forth on regulation stances, I'm pretty sure most of them are not very interested in the ETF market themselves. They already hold actual Bitcoins after all. They just want it to happen in the hopes of driving the price up. But yeah it is ridiculous either way.

hehe...
that was actually my point. I am saying even those who think an ETF is going to create a bull run are no longer interested in it since throughout past couple of months they became more familiar with what ETFs are and how they work and also realized that a bull run may not happen even if SEC approved an ETF!


Title: Re: Remember, remember! The fifth of November
Post by: meanwords on November 05, 2018, 08:01:15 AM
Well, it's that event is kind of new to me so thanks for the information :D
About the "SEC Plans to Rule On 9 Bitcoin ETFs by November 05", to be honest, I don't really care that much now whether they would do it or not because really, they are just doing it to play with Bitcoin in my opinion. Some people will still hope for ETF but not me. I'm done with that thing.


Title: Re: Remember, remember! The fifth of November
Post by: Kemarit on November 05, 2018, 08:48:41 AM
is there anybody left that still cares about SEC and ETFs they are going to "reject" anymore?

People who want a Bitcoin bull run lol.

To be fair to those who swing back and forth on regulation stances, I'm pretty sure most of them are not very interested in the ETF market themselves. They already hold actual Bitcoins after all. They just want it to happen in the hopes of driving the price up. But yeah it is ridiculous either way.

hehe...
that was actually my point. I am saying even those who think an ETF is going to create a bull run are no longer interested in it since throughout past couple of months they became more familiar with what ETFs are and how they work and also realized that a bull run may not happen even if SEC approved an ETF!

True. Those who are really interested on the news that it might bring another break out run and all-time-high get tired once they understand and be familiar with the ETFs and it makes them less interested and excited as time goes by.

However, as I understand it, SEC will only decide after all parties have submitted their support and or opposition to the proposal. So the decision might be after November 5.