ETF Rejected

[Botnake]

The price is at $1147 at the moment, I hope it goes down so I can also buy a bitcoin.
Lets see, any idea how far down it can go?

LOL, I guess it will not be below $1,000 again, it will stay in that level and when people forget about the ETF rejection, the next thing will happen will be another price increase again. Yeah buy cheap bitcoin but don't wait too long before you will get caught by another increase again.

[pooya87]

i hoped this ETC could pass because i believe it could have been good for bitcoin publicity and eventually adoption. but it doesn't matter now, we haven't lost anything we are back to the same bitcoin that has been rising 300% every year now.

[disconnectme]

We are not expecting ETF to be rejected, it seems that the  Government still can't see the advantage of bitcoin compare to fiat, but it doesn't mean that we need to panic about this and sell our bitcoin. Bitcoins price may fluctuate in low price but it is just for a while, and it will go up again in time, all we have to do is to wait.

Though, there will be a lot of bitcoin users that will sell or convert all of their bitcoins becuase of this event, and not a good decision to make, becuase we could lose huge profit from it if we are going to sell or convert our bitcoin in just one shot.

I don't think you are right, I don't expect the EFT to be accepted, even the whole idea is wrong, is just like handing over Bitcoin to the government, it was rejected because the market was unregulated and this is what draws people to Bitcoin.

[warwar]

I already and many other bitcoin investor or users already predicted that ETF will not be launched nor approve.Like other said yes it has a very small chance of getting approved so this is the proof of it.

[Farma]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

[shintosai]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

still believing that they will accept it in near future as they see that there's a lots of people all over the world that really hoping this can be added so for sure they will forward for that and in due time they will accept the voice of many aspirant and supporters.

[JanpriX]

Well, saw this one coming. I'm hoping that it'll be accepted but with the volatility that it showed for the past weeks, there's no way that SEC will approve it. Also, the government can't still find the solution to control it in a way that they can do anything they want to BTC. The end result is the denial of ETF. Expect more volatility regarding BTC's price in the coming days. And ready your money to buy some cheap bitcoins. Its a great time to make some profit out of this chaos.

[Sled]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

still believing that they will accept it in near future as they see that there's a lots of people all over the world that really hoping this can be added so for sure they will forward for that and in due time they will accept the voice of many aspirant and supporters.

It is not late for the SEC to study the bitcoin well because i think they just need more time in doing research and doing study about bitcoin before they approve it because the bitcoin is too young for them to trust and they need more proofs that bitcoin is not that easy to defeat kind of thing so we should not be disappointed for thins kind of rejection. In my opinion .

[mkc]

Pretty true about US government, LOL

Picture a angry kid, I want my FAIR share. Sorry USA, bitcoin is the only fair currency.

The US government haven't found a way to make money from it.  ...

[stomachgrowls]

I don't think it will go further down $1000. It will be stable for this price range 1100 - 1200

I think the same thing too and this rejection just only make the price go down but not even lowering to $1k pricepoint which do really indicate that bitcoin does really have a good support and cant be easily dumped just like what happened before on previous years when theres a hard dump it almost goes back to the bottom.

[royalfestus]

Alright China, time to open the markets so they can sell off too. I want to see a $200 BTC!!!

Yeah i'm totally agree with you, the time they open their markets it will be a big sell off too!!
Really i thought the ETF was going to be approved

The govt of china has also ordered the control of withdrawal of bitcoin, and the suspension of withdrawal is with further notice. There might be no trade from Chinese exchange soon

[Silberman]

sell panic coming  

I don't think anyone thought that ETF will be approved but I don't think we are in the middle of a panic selling, it is understandable the price is going to suffer but we are not going to see a complete dump of bitcoin.

[Zadicar]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

still believing that they will accept it in near future as they see that there's a lots of people all over the world that really hoping this can be added so for sure they will forward for that and in due time they will accept the voice of many aspirant and supporters.

If they rejected bitcoin for the first time it would be considered as final decision since they already saw what does bitcoin have and its capabilities and disadvantages thats why they reject it and accepting it on future would be really hard,yet we should not lose hopes and one day they would able to realize.

[albama]

https://www.sec.gov/rules/sro/batsbzx.htm

yes, That is bad news for bitcoin and it's leading to decrease the price in next days. I predict it could be down under 1,000$ .However we can buy bitcoin with cheap price .

[Amph]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

what i heard is not that, they said basically that exchange are not ready because they are not well regulated to protect money of citizen corretly, if they want to use them

for this reeason they refused the acceptance of bitcoin, i always said that for the government it's all about regulation, without that nothing will be done, bitcoin need to be regulated like fiat if we want worldwide adoption

[Kashim]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

what i heard is not that, they said basically that exchange are not ready because they are not well regulated to protect money of citizen corretly, if they want to use them

for this reeason they refused the acceptance of bitcoin, i always said that for the government it's all about regulation, without that nothing will be done, bitcoin need to be regulated like fiat if we want worldwide adoption

its good news for bitcoin .... let bitcoin be bitcoin and have nothing to do with the stock ex...

[Billen]

Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.

what i heard is not that, they said basically that exchange are not ready because they are not well regulated to protect money of citizen corretly, if they want to use them

for this reeason they refused the acceptance of bitcoin, i always said that for the government it's all about regulation, without that nothing will be done, bitcoin need to be regulated like fiat if we want worldwide adoption

its good news for bitcoin .... let bitcoin be bitcoin and have nothing to do with the stock ex...

That is correct. I can know XRP coins to be traded as ETF but it's down all times. I want bitcoin to be just a bitcoin .

[jakelyson]

And the price dropped for a while there. It even hit below 1000$. But it recovered quickly. Lucky are those who have buy orders on that level, they have instant 100$ + profit in less than a day. At least that is all to it with ETF, no Bitcoin crash. I guess it will be a while before we can see an ETF getting approved be SEC.

[Xester]

https://www.sec.gov/rules/sro/batsbzx.htm

Well thats something to be expected. Its not a shocking news and thats not something to cause the holders to worry and panic. Even with the disapproval of ETF the price of bitcoin remains the same and if there are changes it is not significant. This just displays that bitcoin holders does not really care or affected too much by the approval or disapproval of ETF.

[Juggy777]

This is not really surprising at all. Ninety nine per cent of Bitcoin users would have known this was bound to happen. Why in the world would SEC allow this. I am glad this news is finally out and people can move on from this to a bigger picture. As far the price is concerned I really don't think it should be effected at all. Maybe some users will put up posts about how bad it is, and how they will see Bitcoin going down. I don't think so, the global economy is yet not stable. And I really don't see why there any need to worry. I feel other events will influence the price, time to finally move on.