COIN ETF - Effect on Bitcoin

[Joel_Jantsen]

So finally the ETF is disapproved.What happened next ? Nothing.Prices went down for a while and now it's back again where it belongs..Traders didn't give two fucks about the SEC's decision.

[nizamcc]

So finally the ETF is disapproved.What happened next ? Nothing.Prices went down for a while and now it's back again where it belongs..Traders didn't give two fucks about the SEC's decision.

That was because SEC didn't give a fuck to the Bitcoin's topic, the spokesperson was not even interested in hearing anything about Bitcoins so he asked everyone to stop asking about it. But they will regret on their decision someday, when this will prove to be the biggest mistake that they ever committed by ignoring this super-evolving and enormous way of finance.

[Zadicar]

So finally the ETF is disapproved.What happened next ? Nothing.Prices went down for a while and now it's back again where it belongs..Traders didn't give two fucks about the SEC's decision.

That was because SEC didn't give a fuck to the Bitcoin's topic, the spokesperson was not even interested in hearing anything about Bitcoins so he asked everyone to stop asking about it. But they will regret on their decision someday, when this will prove to be the biggest mistake that they ever committed by ignoring this super-evolving and enormous way of finance.

They wont regret since they know that the decision that they made was just right because they know about bitcoin and its effect if they would approved it.Rejection of ETF doesnt really matter at all since it doesnt give any major effect on bitcoins price,if they wont approve then its just fine and now we are going back to the normal days,important thing here is that we do still strongly believe on bitcoin.

[Arvydas77]

SEC just confirmed that Bitcoin cannot be regulated what a surprise LOL! But BTC has very serious technical problems of scaling, TX confiormation time and speed. It is to volatile for "store of value" Who will put their money into such a volatile asset going up and down $100-300 in seconds? Only speculators and traders. It is overvalued. Just another bubble.

[Rude Boy]

Now a days bitcoin's price increasing more and more, because with the approved bitcoin ETF will gives valid rules for the investors. So investors are ready to invest with bitcoins because, the rate is high and didn't controlled by anyone. Its a decentralized currency. So make investments on bitcoin is not something scary.

[squatz1]

As I've always thought, I don't think this is going to be much of a problem for bitcoin as whole and I do agree with the decision by the SEC on the pure fact that all the exchanges relating to bitcoin have a high chance of going under or having a "hack" occur and this is something the SEC put into account in order to save investors from this risk they might not know about.

I think Bitcoins price will go up a bit and down a bit, and we've seen this come true even after the declining of the ETF as the price did tumble a little bit but came back up without any issue. I hope we can just be at a stable price one day so we won't have any issues.

SEC just confirmed that Bitcoin cannot be regulated what a surprise LOL! But BTC has very serious technical problems of scaling, TX confiormation time and speed. It is to volatile for "store of value" Who will put their money into such a volatile asset going up and down $100-300 in seconds? Only speculators and traders. It is overvalued. Just another bubble.

Can't agree on this being a bubble, I can agree on bitcoin having an array of issues it must face in order to become adapted on a mass scale. I think this is where bitcoin will become stable and stay at.

[deisik]

SEC just confirmed that Bitcoin cannot be regulated what a surprise LOL! But BTC has very serious technical problems of scaling, TX confiormation time and speed. It is to volatile for "store of value" Who will put their money into such a volatile asset going up and down $100-300 in seconds? Only speculators and traders. It is overvalued. Just another bubble

Bitcoin has a host of problems without any doubt

But its volatility is in fact nothing of the ordinary, and that simply can't be a reason for declining the Winklevoss application. There are quite a few instruments in the financial markets which by far surpass Bitcoin volatility (e.g. VIX indexes), but this alone doesn't make these instruments somehow illegal and whatnot (they are really dangerous but perfectly legal). Personally, I suspect that there are two primary reasons why the SEC refused to allow this fund. First, Bitcoin is essentially a pyramid scheme (let's be honest here), and, second, there are serious security concerns (see the Bitfinex incident). With "real" exchanges, it is simply impossible to steal the funds of all or even some part of the traders (stealing a password of a negligent client from his computer obviously doesn't count here)

[target]

Bitcoin will be what it is still. We don't need them to list bitcoin anywhere, we have out own list too which is in the exchanges and on coinmarketcap. It rise up from scratch and will rise more. They are given the chance to regulate the exchanges or the bitcoin companies and they rejected it. Now they will have to find the hard way to regulate cyroptocurencies and more will rise up this time. Good luck to all of us. I'm still All in with crypto.

[tigershark]

Bitcoin will be what it is still. We don't need them to list bitcoin anywhere, we have out own list too which is in the exchanges and on coinmarketcap. It rise up from scratch and will rise more. They are given the chance to regulate the exchanges or the bitcoin companies and they rejected it. Now they will have to find the hard way to regulate cyroptocurencies and more will rise up this time. Good luck to all of us. I'm still All in with crypto.

Apparently bitcoin is fine without the ETF. The ETF would make bitcoin more accessible to everyone, but it can still happen later and the price just keeps rising anyway.

[clickerz]

ETF disapproval has  only minimal effect on bitcoin. I am surprised too that it only slipped to a hundred dollars and as of now it returned to previous price of $1200++.It seems that bitcoin is even still stronger.

[deisik]

Bitcoin will be what it is still. We don't need them to list bitcoin anywhere, we have out own list too which is in the exchanges and on coinmarketcap. It rise up from scratch and will rise more. They are given the chance to regulate the exchanges or the bitcoin companies and they rejected it. Now they will have to find the hard way to regulate cyroptocurencies and more will rise up this time. Good luck to all of us. I'm still All in with crypto.

Apparently bitcoin is fine without the ETF. The ETF would make bitcoin more accessible to everyone, but it can still happen later and the price just keeps rising anyway

Why people are constantly parroting this bullshit?

If someone comes to disagree that this claim is a piece of outright bullshit, you are welcome to explain how the Bitcoin ETF would make bitcoins more easily accessible to everyone provided that there are no particular problems in sending your fiat to any of the numerous Bitcoin exchanges, buying coins there (Bitcoin and whatnot) and then withdrawing the coins to the wallet of your preference. This fund (if it had been allowed) was aimed primarily at attracting big institutional investors, not ordinary folks (whether it would succeed at that is another question, though). It would certainly require more effort from an average Joe to invest in Bitcoin via this ETF in comparison with direct investment via Bitcoin exchanges

[pinkpanther03]

Hey,

As we all know the final decision of SEC regarding the Winklevoss Bitcoin ETF (COIN).
What do you think is going to happen if it does get listed on Nasdaq?
Price movements? More Regulation?

I personally think that in the long run prices will skyrocket.

You already answered your owned question. Well, This is shows that in reality application in this industry bitcoin really can't be control by anyone. So we supposed to be thankful into ETF winklevoss, because if they didn't do it we won't see how powerful it is that decentralization has. Though it can't be denied after that result bitcoin value dropped but even is like that it will still recover on along run.

[deisik]

Hey,

As we all know the final decision of SEC regarding the Winklevoss Bitcoin ETF (COIN).
What do you think is going to happen if it does get listed on Nasdaq?
Price movements? More Regulation?

I personally think that in the long run prices will skyrocket.

You already answered your owned question. Well, This is shows that in reality application in this industry bitcoin really can't be control by anyone. So we supposed to be thankful into ETF winklevoss, because if they didn't do it we won't see how powerful it is that decentralization has. Though it can't be denied after that result bitcoin value dropped but even is like that it will still recover on along run

And it is not only that

I refer to Bitcoin decentralization you mention. You should also be thankful to the brats that they allowed us to sell at the highs and buy at the lows. It was obvious to most sane traders that the fund will be rejected as well as the price swings that preceded and followed the SEC decision were no more than manipulation at first trying to raise panic buying (when the price skyrocketed to over 1,300 dollars per coin) and then to instigate panic selling (when the price flash crashed to below 1,100 dollars). That was mostly easy money