Bitcoin is Rejected : ETF

[revo999]

http://satoshibonus.blogspot.com/2017/03/buy-and-sell-ethereum.html


US Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ Bitcoin ETF application late on Friday, cryptocurrencies reacted paradoxically with an impressive show of strength.

[GreenBits]

I assumed this was in the bag; this is rather disappointing. What was the Stated reason for said rejection? And I wonder if this is the sign of a more bank friendly political climate (notice the roll back of Dodd Frank, and the loosening if regulation on Wall St). I hope we don't lose progress with the current administration.

[KennyR]

Bitcoin is rejected, but it happened opposite to the prediction made by most users as well digital currency enthusiasts. But to the same opposite to the prediction of price drop the price have been moving forward around $1200+

[revo999]

Reason  :

Bitcoin need more time to Mature + Need to control over this currency

[BillyBobZorton]

http://satoshibonus.blogspot.com/2017/03/buy-and-sell-ethereum.html


US Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ Bitcoin ETF application late on Friday, cryptocurrencies reacted paradoxically with an impressive show of strength.

You can forget about the ETF already, it happened, it's past, lets look at the future, and the future is march 30th, ETF called Solid X or something, by some guys that I have no idea who they are. I would like what do you think the market will react to that.

[dunfida]

Almost on the community does already know on this event and there are lots of threads expressing the rejection of SEC and we should really need to move on its done already and we cant change their decision.Even they reject bitcoin it didnt affect too much the price,it does drop but now we are up again and climbing to the moon.

[bitbunnny]

http://satoshibonus.blogspot.com/2017/03/buy-and-sell-ethereum.html


US Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ Bitcoin ETF application late on Friday, cryptocurrencies reacted paradoxically with an impressive show of strength.

You can forget about the ETF already, it happened, it's past, lets look at the future, and the future is march 30th, ETF called Solid X or something, by some guys that I have no idea who they are. I would like what do you think the market will react to that.

Exactly, let's forget about ETF. Nothing has happened, nothing has changed, a lot of drama and hustle for no reason at all. Market has shown that it is stable enough and capable to take such things without major distractions and that is good so users don't need to point that out anymore.

[savioroshan]

Nothing bothers BTC users. It didnt even affect the BTC price. From that itself we can understand that. Offcourse minor variation was there.But it regained its glory. I personally thought its price would fall to 900 dollars and ethereum and monero price will rise.But nothing like that happened.Lol

[olubams]

http://satoshibonus.blogspot.com/2017/03/buy-and-sell-ethereum.html


US Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ Bitcoin ETF application late on Friday, cryptocurrencies reacted paradoxically with an impressive show of strength.

Even me, I had this in mind over the weekend that what if its being rejected and alas it came to pass but I guess its actually a test on how strong bitcoin is really is and this have been garnered over the years in the sense that if it were to be years back, I am sure with news like this the price would have came crashing that might even take more months to recover but alas we are still standing and its still good news all the way...

[Nachalnik]

The bridge needs to be gapped between Fiat and digital currency. ETF will accept bitcoin, it's just a matter of time.

[mindrust]

Why do we need the government's support anyway? Bitcoin is an underground project which needs to stay underground. Making it mainstream may pump the price for a short time but in the end it will do only harm. When the average stupid Joe's start to use bitcoin and lose their life savings they will blame that who made it legal to use. In the end, the govs who made it legal will eventually ban it. This shit is not for average people.

[FlightyPouch]

Well, it is a shame making such opportunities with bitcoin, though we can still continue this simple network with us simple users. Bitcoin may be accepted in the future, it just not now, and even if it did not accepted again in the future, still be using it.

[bamboylee]

You are late to post this OP. Much have already been discussed about this ETF getting disapproved including the effects/non-effect to the price and moving on with the other ETFs to come.

[~Bitcoin~]

ETH and DASH is pumping hard after the ETF got declined, other than that there is no reason for them to pump like this. The one who are buying at the peak price should be careful about the upcoming dump from whales.
Bitcoin have really good support at $1200 level so we can expect another bull run and blood bath for alts. 

[daveon]

Bitcoin is a level playing field. Cheat, lie and stealing doesn't work. Maybe government should try something other than cheating, lying, and stealing.

[amiraja]

why bitcoin rejected ETF,, 

[cryp24x]

Bitcoin is rejected, but it happened opposite to the prediction made by most users as well digital currency enthusiasts. But to the same opposite to the prediction of price drop the price have been moving forward around $1200+

Price dropped dramatically for the first 24 hours then started to recover.  We can say that the rejection have short lived impact to the Bitcoin price.  And the recovery show that with or without ETF, Bitcoin can thrive.  We can see it on how Bitcoin Price is staying at above $1150.

why bitcoin rejected ETF,, 

Mostly because of the history of being unregulated and the inconsistent stance of the proposal on Fund securities.

[20kevin20]

The aftermath can be seen by looking at the altcoins. They're rising in price very fast, which makes me want to invest in a few of them some dozens of bucks. At the same time I am pretty worried because this could be a bubble that could burst. Remember Bitcoin's 2013 rally? This might be a move made by people scared of this decision because they have no idea where the Bitcoin price will be driven. You know, when you're scared you don't really make the best decisions so you do the first thing that comes up in your mind. People are changing from Bitcoin to altcoins, either partially or totally.

[lionheart78]

The aftermath can be seen by looking at the altcoins. They're rising in price very fast, which makes me want to invest in a few of them some dozens of bucks. At the same time I am pretty worried because this could be a bubble that could burst. Remember Bitcoin's 2013 rally? This might be a move made by people scared of this decision because they have no idea where the Bitcoin price will be driven. You know, when you're scared you don't really make the best decisions so you do the first thing that comes up in your mind. People are changing from Bitcoin to altcoins, either partially or totally.

I do not know why you called altcoins rising as aftermath of Bitcoin ETF being rejected.  I just can not see the dot that connects the two event.  Aside from that not all altcoins are rising only a few of thousands of altcoins out there are increasing in price.  And how could they be sure that an altcoin is a better choice than Bitcoin? Bitcoin economy is way better than any altcoins in the market.  I would have understand if people converted BTC to fiat currency or any other stocks than cryptocurrency.

[Traderbtcc]

What a big fucking surprise. A lot of people involved in the decision making probably doesn't understand how it works anyway. Moving along.