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ETF Rejected
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Topic: ETF Rejected (Read 6941 times)
jacafbiz
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Activity: 2114
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Re: ETF Rejected
March 13, 2017, 07:35:12 AM
#141
I think everyone have made their trading decision before the decision where made, the shorter were taking out of their positions prior to the anouncement by pumping the price above $1300, and some people know that this is a good entry point if the price dump below $1000, in the end Bitcoin wins
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freedomno1
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Learning the troll avoidance button :)
Re: ETF Rejected
March 13, 2017, 07:14:23 PM
#142
The argument was that the opacity of Bitcoins is not clean enough for an ETF
The EU wants to track the transactions to monitor Bitcoin
Probably a co-related factor.
http://www.coindesk.com/eu-draft-law-plan-monitor-bitcoin/
http://www.marketwatch.com/story/dont-bet-on-a-bitcoin-etf-happening-soon-analysts-say-2017-03-13
Not that it matters the market has said if we have to do that whole monitoring thing why bother lets just keep moving as is and let the regulations catch up to us, or move to opaque alt-coins.
Believing in Bitcoins and it's ability to change the world
Pettuh4
Sr. Member
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Activity: 812
Merit: 251
Re: ETF Rejected
March 13, 2017, 07:29:08 PM
#143
Well save the politics and find us the right solution. I'm neither for nor against but just looking for the right solutions to make Bitcoin better.
Soul Reaper
Full Member
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Activity: 126
Merit: 100
Re: ETF Rejected
March 20, 2017, 07:49:14 AM
#144
This was a very bad event.
As it led to the prices of bitcoins fall drastically which we can see now.
Now more and more people will tend to purchase bitcoins as an investment.
And after some time the prices will rise again.
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