Is the SEC straight fucking with us now?

[pereira4]

Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.

[1715430978]

1715430978

[1715430978]

1715430978

[1715430978]

1715430978

[2dogs]

The SEC has always fucked with us.
Why should it be any different now?

[agustina2]

Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.

Yeah because of that event, I forced myself to stay awake because I have active funds waiting for my trading moves as I don't want to be late or something. Right now it's 4am here and just 5 hours from now I will officially reached my 24 hours awake although just fine since today is my restday.

Even I use price alarms today, it's useless because Im already tired. Now having a bunch of coffee while watching the price growth and it's moving up again because less than few hours ago it was moving only around $1,240 up.

We need the SEC's decision so that we are all are not just speculating.

[2dogs]

https://www.cryptocoinsnews.com/sec-rejects-winklevoss-bitcoin-etf/

[BitFinnese]

Well that was it.  Sadly SEC just saw Bitcoin market not complying with their standard policies to be approved.  And they do not want to adjust for Bitcoin sake.  Aside from seeing flaw from inconsistency of proposal, the history of unregulated market make it worst.  Anyway, just another set back of Bitcoin but well I think we need to move on now.

Here is added news about it.

[eddie13]

Yes, they tried crashing BTC and are now shitting their pants that they could barely nick it..

[ArdiPrabowo]

is bad bitcoin price crash and down price after SEC rejected
what is the future about bitcoin, what is SEC or USA can closed all exchanger

[HabBear]

Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.

I heard it was this post that cause the SEC to decide to decline the application for the Bitcoin Trust ETF.

They don't take lightly to this sass and being called "Old Fucks". They noted that the average age of the white gentlemen on the board is 62, hardly old enough to be considered "Fucks".

The also didn't appreciate being threatened with the assumption that they may look like "retards".

Some people!?

https://www.cryptocoinsnews.com/sec-rejects-winklevoss-bitcoin-etf/

I hope no one relied on this post to get the news. At 50 minutes after the announcement one would have missed the opportunity to sell on the news! I didn't find out until late as well, but I never intended to sell on the action.

[2dogs]

https://www.cryptocoinsnews.com/sec-rejects-winklevoss-bitcoin-etf/

I hope no one relied on this post to get the news. At 50 minutes after the announcement one would have missed the opportunity to sell on the news! I didn't find out until late as well, but I never intended to sell on the action.

It was not meant to be a news flash on the decision, just an answer to the question "is the SEC fucking with us?"

[uneng]

Well that was it.  Sadly SEC just saw Bitcoin market not complying with their standard policies to be approved.  And they do not want to adjust for Bitcoin sake.  Aside from seeing flaw from inconsistency of proposal, the history of unregulated market make it worst.  Anyway, just another set back of Bitcoin but well I think we need to move on now.

Here is added news about it.

That is the point, we need to move on now. Bitcoin will survive for sure, it's not the end of the currency. Good investors will continue supporting bitcoin and developers too. Many other technology apprentices are joining the crypto currency world.
Bitcoin isn't important for SEC, but it's important for us and that is what matters now, nothing changed.

[The Sceptical Chymist]

Well that was it.  Sadly SEC just saw Bitcoin market not complying with their standard policies to be approved.  And they do not want to adjust for Bitcoin sake.  Aside from seeing flaw from inconsistency of proposal, the history of unregulated market make it worst.  Anyway, just another set back of Bitcoin but well I think we need to move on now.

Here is added news about it.

Meh, I don't see it as a setback, but the market obviously did.  However, as I write this we're rebounding nicely.  This is actually like just another volatile day in bitcoinland.  Down $100, up $100.  I don't see the real importance of having an ETF other than allowing gigantic whales to enter an otherwise very small market.  But we'll see.  We could go sub-$1000 soon.

[Hazir]

ETF approval would cause bitcoin's price to double or possible triple because of influx of institutional capital to still not that big market.
So if we are thinking of BTC as long-distance investment strategy then ETF denial is a actually a good thing.
It will give us time to buy cheaper coins (always buy when there is panic selling) and gear up for the bright future.

[The_Dark_Knight]

Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.

The decision arrived and I’m sure probably anyone that bothered to read  a little bit about the decision knew the decision was going to be against bitcoin and it was, bitcoin lost some value and rebounded a little, not much to see and it was basically what I was expecting.

[suredoood]

This really would be a landmark decision, do you think it should be taken so lightly? I'm glad they took the time to decide on what exactly is going to happen and I think it really shows where bitcoin is at this time. They didn't accept it because it is not regulated and doesn't have enough surveillance, I think this fact will stand out in the future to trade platforms. Now that this happened we should move on, price has already been rising back to normal and I think this is a good step for bitcoin.

[Yuuto]

Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.

Well the decision has just been made and it's not in favour of us unfortunately. However I do feel like that they have really taken their time with the verdict as surely all the points they've mentioned would have appeared since their first meeting or something like that. These points are so obvious in nature that a newbie could have guessed it.

But obviously I'm sure Sec knows how big this decision is, as it is the first bitcoin etf.

I can only imagine what the winklevoss twins reactions were. Probably didn't even get any sleep for the past week and now they are up to face the media and all that jack.

But yeah, as a community we should move on.

[pitham1]

ETF approval would cause bitcoin's price to double or possible triple because of influx of institutional capital to still not that big market.
So if we are thinking of BTC as long-distance investment strategy then ETF denial is a actually a good thing.
It will give us time to buy cheaper coins (always buy when there is panic selling) and gear up for the bright future.

How long do you want to keep buying coins? At some point, we have to realize the gains from our investment. You do not want to carry your bitcoins to your grave.
I would have been okay with the ETF approval. It would have been a step forward. Unfortunately, it didn't happen.

[bravehearth0319]

Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.

Relax man, you don't need to be hysterical like that. Approve or disapproved it doesn't matter, but I am much in favor that sec will disapprove ETF, besides bitcoin reached the price value it has now not because of them but because of the people who get interest to buy and to use the features and concepts of bitcoin.

[cpfreeplz]

It's denied for those of you that didn't see the $200 crash and can't seem to google anything. They fucked around and in the end said they wouldn't do it because it didn't abide by their 4580 rules ... who gives a fuck. Bitcoins are unregulated but they want them to be regulated before it's approved. It's never going to happen, but the ETF will happen eventually.

[Hydrogen]

I don't want to badmouth anyone. No way around it, I'm afraid.  

This is what governments always do.

They use things like legalized marijuana, gay marriage, healthcare and bitcoin ETF's as bargaining chips.

They stall and sabotage progress until the public is desperate enough to accept a bill legalizing marijuana/gay marriage/healthcare reform/bitcoin ETF's funded by 20 tax hikes which diminish Constitutional rights & freedom.

Its what happened with obamacare. They waited and stalled healthcare reforms for decades until americans were desperate enough to accept anything. And what they got were 20 tax hikes, ridiculous regulations which decreased market competition and setup healthcare more into a system of state sanctioned monopolies, which prohibited industry advancement and increased costs, with very few improvements on healthcare for consumers.

I was foolish to be optimistic about the SEC approving it.

[deisik]

I don't want to badmouth anyone. No way around it, I'm afraid. 

This is what governments always do.

They use things like legalized marijuana, gay marriage, healthcare and bitcoin ETF's as bargaining chips.

They stall and sabotage progress until the public is desperate enough to accept a bill legalizing marijuana/gay marriage/healthcare reform/bitcoin ETF's funded by 20 tax hikes which diminish Constitutional rights & freedom.

Its what happened with obamacare. They waited and stalled healthcare reforms for decades until americans were desperate enough to accept anything. And what they got were 20 tax hikes, ridiculous regulations which decreased market competition and setup healthcare more into a system of state sanctioned monopolies, which prohibited industry advancement and increased costs, with very few improvements on healthcare for consumers.

I was foolish to be optimistic about the SEC approving it.

Honestly, I don't consider legalizing marijuana and gay marriage as progress

Regarding this ETF specifically, I have yet to see why this ETF would be of any purpose to Bitcoin long term. Legalizing it doesn't necessarily mean that institutional investors (like pension funds and similar entities) would all of a sudden start pouring the money they manage into Bitcoin (thereby rising prices indefinitely and ultimately losing their clients' funds). Whatever the circumstances, we should remain realists. This rejection should have been expected and all the price moves we saw yesterday must have been interpreted and acted upon accordingly (i.e. taking every opportunity to profit)