ETF POLL APPROVAL / REJECTION

[Rahar02]

I'm going to lean to the optimistic side of things. If not now, when? If rejected, why? People can already lose their shirts investing in bitcoin, the ETF just provides a safer, more regulated environment for such investment.

This is completely speculative and non-rational, but I just have a gut feeling that the election of Trump signals a more business-like acceptance of risk-taking as part of life, and that this could provide a subliminal tipping point in the decision-makers thinking. Or to put it another way, the nanny-state worldview has been thrown back a couple paces, and it is that worldview which would lend itself to denying the ETF as "too risky."

U.S. Securities and Exchange Commission has been put off winklevoss ETF decision several times and this is the last chance. Why they decide to delay it? They may consider and need more time to see how bitcoin overcome security issues and government regulations regarding bitcoin. 50:50 maybe the best chance that we have, but I have read the leaked news, so it more likely to be approved.

[shinratensei_]

wasn't this EFT already rejected many times? i think this time they will approve it

Not rejected. The decision deadline has been postponed repeatedly.

I don't understand why anyone's devoting brain power to trying to predict this. 

Because a lot of people are gambling with this approval. It seems like we back on 2013. The hype of the SEC decision pushes the price of bitcoin. And to avoid the bullish trap in the future if there will negative news after 11 march. It is not wrong in my mind.

[gentlemand]

U.S. Securities and Exchange Commission has been put off winklevoss ETF decision several times and this is the last chance. Why they decide to delay it? They may consider and need more time to see how bitcoin overcome security issues and government regulations regarding bitcoin.

I've no idea why they postponed it, but the fact that they did long enough to witness China turning to shit is the one thing that might sway them to yes if it were a no before.

Much as I dig BTC, there's no way I would've sanctioned investor exposure to something controlled by a bunch of bucket shops on the other side of the world.

Because a lot of people are gambling with this approval. It seems like we back on 2013. The hype of the SEC decision pushes the price of bitcoin. And to avoid the bullish trap in the future if there will negative news after 11 march. It is not wrong in my mind.

By all means guess and bet. There's nothing else you can do. It's pure pissing in the wind.

[thesavoyard]

The real question is, what happens to BTC in the case of positive or negative? We can't tell which way it'll go but we can guess how far.

[Doms]

Many are optimistic, analyst and common bitcoin users alike, that the Winklevoss bitcoin ETF is going to be approved because it is backed by a reputable financial institution. As one expert puts it, “ETFs have this long history of opening up new markets. A great example of an ETF that was approved by the SEC is ASHR, which was approved by the SEC before US companies came about to trade.” Now that we are just a few days away from that decision, we can expect the price of bitcoin to be a bit unsteady.

[sportis]

Really, I can't think any good reason SEC could find so as to reject the ETF except if they don't want to see a surge in bitcoin's price. Anyone must take under consideration that process of this ETF going on for about 3 1/2 years. So the rumor of FUD some journalists claimed as the best reason of not approval is unfounded.

[BlackJacky]

On the other hand the SEC needs to open the market to new innovation. Especially not to loose market share around the world.

[puremage111]

IMO, i voted yes as reason stated below.

- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%

[clickerz]

IMO, i voted yes as reason stated below.

- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%

Same reasons here I voted Yes. as of now, with 58.2% of voters Approve also here with our local Poll. Nice to know that majority also wants this to be passed.It will strengthened also the trust on bitcoin in my opinion.

[savioroshan]

Definitely it won't get approval.  It will get rejected. 100%  sure. And there will be a sudden drop in bitcoin price because many will start selling their bitcoins and will start investing in other cryptocurrencies like ether and monero.  I hope after March 13th ether and monero price will shoot up.In my opinion, it's right time to get some ether and monero guys.

[squatz1]

We follow the same path when it comes to this ETF all the time, people here go ahead and get really optimistic about it getting approved by the SEC and then reference reasons as to why it'll be approved which they think is solid evidence. I personally don't think this is going to get approved by the SEC, even with the entrance of President Donald J Trump and a more business friendly approach I think the SEC is going to play it safe.


With the current volatility of Bitcoin and the ease of arbitrage on all of the exchanges when the ETF actually goes ahead and launches, I just don't think it'll be possible for it to stay at the same level of risk as all of the other ETF's on the market.

[aardvark15]

Most of what I have read would indicate that the ETF is not likely to be approved. I'm not sure why they would not approve it though. It would be good for the health of Bitcoin.

[passivebesiege]

We all want to approve it so it will help i more in bitcoinprice right now, but honesty I think it will be rejected we only need a little more patience to know what will happen only Few days left.

[shinratensei_]

IMO, i voted yes as reason stated below.

- It is slowly accepted by different countries
- It has a very good use as a transact method, no email verification, details, just address and go
- It seems to be a better currency compare via paypal, people even pay off paypal for btc at preev rate 5-10%

I was voting SEC to delaying the approval again.
- Bitcoin is not ready for the massive transaction if US gate will be opening as soon as possible. (Scalability problem)
- It will make the bitcoin being more centralized with a lot of the institution try to monitoring the bitcoin.
- Does PayPal is a currency, and I don't think soo.

[Hydrogen]

If the price of 1 bitcoin jumps from $300 to $1,200.

That seems like it might fall under capital gains tax.

By not approving the ETF sooner, the state is unable to tax those gains as effectively.

What happens if the price of btc rises from $1,200 to $10,000.

That would be more lost tax income.

I think the ETF might be approved on that basis.

But with all the variables and conflicting special interests in play, its really anyone's guess as to what will actually happen.

If the SEC refuses to approve it, that might not make a difference.

Maybe iceland or another country more sympathetic to alt coins would give it approval.

[BlackJacky]

One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision

http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

[Pettuh4]

For me I'm for any solution capable of curbing the problems Bitcoin is facing. I don't want to join the politics of which is better, just any that can solve the delayed confirmation process.

[gentlemand]

One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision

http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

They have no more idea about this than anyone else. If I had my coins in there I wouldn't be too impressed with their pure guesswork. Where does the 25% figure come from?

Like every other actively traded fund, if you'd just sat there and did fuck all you'd eventually beat them. And you're paying them to throw your money away. My best performing fund goes months without making a buy or sell.

[epitome]

We all want to approve it so it will help i more in bitcoinprice right now, but honesty I think it will be rejected we only need a little more patience to know what will happen only Few days left.

Even i do agree that the it will be rejected this time around but the fact remains that they have not made any decisions yet because in a normal situation if they are not having any plans to approve they would ask them to withdraw the proposal but in this case the SEC has not uttered a word and so there are possibilities.

[shinratensei_]

One of Bitcoin's Big Funds is Selling Ahead of the ETF Decision

http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

They just wanna gets more cheap bitcoin. Must they try to announce it? Okay, Let's say of they were selling the bitcoin on ATH and try to buy back on the cheap price.

Nice profit for them.