Bitcoin Forum

When? And what is on the agenda?

I think it would be great to have such topic to keep everybody informed about what is going on there

What SEC meeting? The one about the remaining Bitcoin ETFs on September 30? If so, then they'll simply make a decision to approve or deny the VanEck ETF.

To note, the other ETFs were denied in part because of the vulnerability of the market to unknown manipulators. That hasn't changed since, so I wouldn't hold my breath for an approval. I don't see any Bitcoin ETFs being approved in the near future because of the nature of the market.

Deadline for the 30 September decidement to be announced. I think it will probably be postponed.

In the end it doesn't matter what they will decide. Bitcoin will thrive and it won't depend on ETF's. Just like it didn't depend on them in 2017 and previous years.

Next one is in 7 September (Bitwise).
Then 21 September (Direxion), and only after that it's the 30 September VanEck / SolidX, which is causing a lot of hype. But all of them can be postponed afaik.

Indeed in our market there is still a lot of manipulation and others, I think it will be very difficult something to be positive in the eyes of the SEC, that is the main reason where manipulation is still going on in our lives, so for a little not thinking about it has been very long and there is rejection in the previous agreement, currently only focused on the market because we were crawling towards a real recovery before the end of this year.

I do not expect more than the second decision to be held on 30 September, anything will be accepted and will not panic myself, think well because we are still using cryptocurrency without interference from other people or the government is a little dislike of this progress, take the good side, we far away in this market, do not weaken under any circumstances.

September 30 next SEC will determine their decision on Bitcoin ETF. and to be honest now I am very pessimistic the SEC will approve that, because of the many shortcomings in Bitcoin to be included in the ETF criteria. so whatever happens, I don't think it will have a big effect on the crypto world,

Thanks for sharing that. :)
I do not think that these decisions have a significant impact on the market as it has reached the conviction that none of them will be accepted shortly. "Until trading platforms dominate."

To @OP: Do not build investment plans on acceptance because I do not expect a change, but you can take advantage of this information in short-term speculation.

For sure it will be postponed again maybe because of the previous decision about the ETF. A lot of hype being created in this news, and maybe people will start to panic again. But SEC knows better and I believe they will support cryptocurrency so no matter what the result is, we can still see this market pumping.

That is why this time market did not hyped and increased suddenly but it is now taking its own time and moving up slowly, so now we have to see is what will be the result of this slow price increase in bitcoin and all other altcoin are going down. Mostly if i am wrong all of them are selling their altcoins and converting it to btc as they know btc price will increase.

Maybe there is no big effect in crypto world but it will have big impact on the mindset of investors to have a positive feedback on bitcoins.

Ohh thanks for this information now I know when the next SEC meeting.
Yes, they are right this market did not rely on hype, that ETF did not change the price in the market it is recovered bitcoin itself nothings happen even there is ETF. I think altcoins now did not swing since bitcoin slowly recovered, maybe the best thing to do is diversify your altcoins to bitcoin. But as of now holding is the best choice don't you ever panic selling.

Let's not get too excited. I also believe that they will keep postponing and denying until next year and they must already know that this is making huge waves in the community, so they will keep testing and approve them when it all finally stabilizes. You can already see that it's happening. That second Winklevoss denial made a huge impact (even though it was to be expected), but the denials that followed did not. IMO if we are to expect a market response it will be on the 30.

Thanks. I didn't know that there's still three meetings about ETF like I thought it's just one. ???

Seems many of us are anticipating the probability of postponed approval, this will entirely affect everything, I mean were more than used to it now and no more panic thing will happen and so the market will just be stable. And the least we're expecting nothing.

You are right, in this way people will not leave important information about this development, what happens there can be known through information from the topic, maybe the reason for not making such a topic is to avoid posting spam on the forum.

Seems like there's a few for different ETFs ranging from the 7th to the end of the next month as others have already mentioned.

However, we have no idea whether these so called "deadlines" are going to be final yet. Postponement is a real possibility. But rejection is probably the most likely outcome, given that the last few were all rejected as well. There is simply no reason for it to change now.

There is really nothing to watch here. ETFs have gradually eased out of trader's minds as something extremely important because they're starting to realize that it does not benefit the average bitcoin user one bit, but instead, could even have some negative consequences in terms of market manipulation. The only thing that could come out of this decision is that if it was approved, we could see a small rally, but that would be it. If it was rejected, pretty much nothing will happen, not even an adjustment downward based on previous responses to these rejections.

I think we are giving too much power to USA, I mean sec is just about one country and the ETF is also about one country, these are all USA dealings and for some reason no matter what we do crytpo gets interested in what the USA is going to do and the price is moving according to USA inside deals.

I mean it was the same way on 2008 as well because when the house mortgages were leveraged by the banks there were countries that collapsed economically. I mean why would a whole huge country goes into economical crisis just because some bank in USA leveraged mortgages ?

Well the biggest reason is that people want that american money and when they couldn't this is what happens.

Meh, perhaps they'd be straight up denying these ETFs just like what they did with other promising ETFs that generated a lot of hype as well e.g. Winklevoss ETF and the likes. We are giving too much attention into things that don't seem to add any relevance to the ecosystem except hype and conditional positive events. There's a lot happening around the ecosystem that we simply ignore just because we want a massive price boost from the approval of these ETFs. Perhaps its time to focus on the fundamentals or a new algorithm for better power consumption of the whole network since the whole world (ehem, media) is bitchin' about it lately.

All postponed with a 99% chance in my book. Then 2019, give it at least the first quarter for anything to happen. Chances are 2019 will still not be the year of the ETF. 2019 may be a bear year with lack of news and noobs which have no notions on the fundamentals of bitcoin, becoming really tired of it and selling as we stabilize in a low price. Perhaps we even go as low as $3k or even lower in a big dip that would finally be the end of the bear market, perhaps not and the mining costs theory prevails and we never go below $5k... who knows really. Just be aware that you are lucky to pick cheap coins for the last time because next peak will dwarf the last one.

As far as ETF goes I think 2020 will be it.

so what was the verdict?
cant find anything in the news regarding that

There are a lot of ETF's prior to this one.Other's though are not well publicized. There are 9 prior ETF proposal and the media put a hype around the Winklevoss ETF's which we all know have been denied.

I also think that the VanEck/SolidX proposal will also be postponed but I believe that with all the past and current proposals, this proposal has the likelihood to be accepted. Anyways, approval or not, bitcoin will remain in the next coming years and this proposal can either bring new influx of cash or just another tool for big players to sort of "manipulate" the price. That's why there's still a big debate whether if we really needed ETF's or not.

Hopely ETFs approved by regulator considering market condition right now. If ETF approved, i am believe market will more confident and new investor will coming.

I bope after the meeting the SEC all exchange have more benefit how will make all cryptoccurrencies be better than before and the investor can be invest his money

btw where did you get this info?

yeah likely be postponed again, I read the additional time for a final decision as far as late February of next year. but I hope that the postponed does not make prices fall as in August where the ETF postponed.

I believe the next verdict we expect from the outcome of the SEC's meeting will be on the 30th of September of this year. Another question I did love to ask in regards to the ETF's help in restoring the cryptocurrency market is that, "to which level/extent will the market be restored to?

Etf have a chance to be approved cause we got new sec commisioner that pro cryptocurrency. Even though it will be postponed it will definetly and eventually be approved.

Lets get over with it. SEC is useless and we should not be focusing on them. If everyone keeps thinking about the SEC then surely crypto will come down out of the fear. Yes, because people are either not making their investment into it because they are having fear of loosing the money if they invest in such stressed out situation. But they shouldn't be thinking about it as this is the decentralised world and it all depends on us, the people! So just forget about the SEC guys and focus more onto the crypto currency investment.

if this new SEC commisioner could bring good wind for crypto community especially correlated with etf approval , bitcoin price and cryptocurrency could recovered again.

seems like the last one was not so negative to bitcoin as previous ones

We all hope to see how well this plays out by the end of this month. If successful, we might be in for a good bull run in the cryptocurrency market. Let's hope it is positive for us.

I think more precisely ETF and hopefully on 30 September the ETF is received and makes the price of bitcoin more expensive and makes everyone interested in using bitcoin :-\

30th is actually Sunday, does SEC really work on Sunday???

From what i am read, SEC meeting will held on sept 30th. I hope SEC will approve ETF regulation. If they approve ETF, i am believe bitcoin price will rising again

Thank you for pointing that out though but there is nothing stopping business from running in Sundays. Government run around the clock as the stop of a major unit of government could be catastrophic and the committee would have known that September 30 would have been Sunday before setting to meet at the date and if there is need to shift the date, they will be the one to communicate.

SEC meetings would hold, they would decide and another one would still hold till forever. I wonder how people in crypto are now much more concerned with happenings related to the stock market than those people operating there themselves if not for the hope being expressed regarding ETF. Move on, if its approve, you hear it, if its not, you are not bothered at all. That's how simple it should be.

Just a little update, it seems like people expect it to be delayed again:

https://bitcoinist.com/bitcoin-etf-delayed-comments/

Nothing is set in stone yet, but the process has definitely started.

Other ETFs were denied in the past but the commission will stated that they will review them once again after reviewing their process and rules on judging ETFs. So I believe the other denied ETFs might still get a chance to be reviewed, it's only VanEck ETF that's still standing tall and i hope that might get approved.

To tell u the truth I truly don't want to know much about the ETF applications or SEc meeting, we all know that after their series of declining the approval of BTC it is still trading and doing fine. BTC has to stay and not even  ETF and SEC can stop it.

I don't understand why the SEC would delay a decision again ! I think it is beneficial to all ! As well as the state IAK and investors ! We will continue to observe the course of events friends !

Sunday means the banks will be closed that day, which could be a great timing if a group of whales wants to attack the price and change it daily before the banks open at Monday morning. I think Sunday will still be same result with a rejection however whales could use it as a speculative ways and try to FUD or FOMO with people and try to manipulate the markets in a way that would profit them.

Considering the fact that now with bitmex getting more famous and the short/long futures as well they can even leverage as well and improve their chances of making even more with the capital they have.

No need to start walking faster than our shadows, we have just few more days before then to know what the outcome would be like and how the space would take the news whichever way it comes, and then we will know if the ETF will have any serious impact or not.

Sure, in the long run, this might have an impact as we will get to see the possibilities of more money coming into the space, but at the same time, I still feel this will be suspended till next year.

did SEC meeting happen at all yesterday(30 sep)? I cant find any news regarding that as well as I dont see any reaction of the market

Making decisions on certain things does not necessarily matter what time of the week it is. Before then, a lot of deliberations would have been done a lot of reviews, a lot of discussions, before coming to a conclusion and it is this conclusion we will only get to know at this day.

So, being a Sunday does not matter and whatever the outcome end up as, we cannot say the kind of impact it would have yet until then, so patience is all we have now.

It doesn't matter if there's an office hours or operations. What we wanted to know when is the next meetup? Somebody told me that this month is very important something huge is coming in crypto space, hopefully they finalize it at the end of this month.

I heard that they again postponed the final decision on the ETF I think this is a good sign of its adoption since if the SEC did not need it, they closed the case long ago !