Bitcoin is Rejected : ETF

[Idrisu]

The market price of bitcoin could have pump up if the American security and exchange commission decision or news was in favour of ETF Application. The reason given why ETF could not be approved was not strong enough to affect the bitcoin market price negative as the price has regain it strength after two days.

[CraigWrightBTC]

Bitcoin ETF was rejected is not end the world, still there are value in bitcoin,
bitcoin's price down it is just fluctuation and be needed by traders for making profit,
bitcoin will be survive without approval because the bitcoin depend on the comunity.

[Vaccinus]

why bitcoin rejected ETF,, 

eft rejected bitcoin not the contrary man, they rejected bitcoin mbecause it's not amture enough for them, not enough regulation, that can make investors risk their money, they said they want to protect investors from risky ivnestments

[Nachalnik]

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

I'm sure they understand it perfectly. But if cryptocurrency becomes the norm, they lose all control.

Currently they have the power to influence interest rates and adjust the printing of USD to control the inflation in the US. Through this they can post-pone inflation or a recession. This can be played in their advantage in international affairs as well as domestic and if they standardize Cryptocurrency they lose their most powerful weapon, the economy.

[Farma]

Bitcoin ETF was rejected is not end the world, still there are value in bitcoin,
bitcoin's price down it is just fluctuation and be needed by traders for making profit,
bitcoin will be survive without approval because the bitcoin depend on the comunity.

correct. I think bitcoin rejection occurs only this once. perhaps when at another time, perhaps in a few years from now, the ETF will be received. Well, it may take five years or less. I believe they are also currently using bitcoin, but I guess they think that bitcoin is currently not enough to be accepted in society.

[Nachalnik]

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

Because they now have the ability to control production of their currency to influence inflation and postpone a recession to their advantage whether it be for international affair purposes or internal....with a standardized cryptocurrency the power goes to the people completely....and this can be a good or bad thing for the people but most definitely bad for the government.

[Pettuh4]

Reason  :

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

I agree but how long a time are we talking about? We need solutions to fix pressing issues and not waiting times.

[veleten]

as if it was the first or the last time ETF was rejected
it has been three or more iterations already,why this had to make any substantial impact on the market price?
at least this time analysts that were giving 30% chance of approval were right for a change
lets wait for the next application by Winklewoss

[machinek20]

There is nothing can be done this time since it was already rejected, but nothing is going to happened as you can see the price is not fall to low and now already bounce back and become more expensive, so nothing to worry

[housebtc]

I don't know why some people are surprise by SEC decision maybe because of the Winkelvos twins involved. Bitcoin space is very difficult to regulate especially now that off exchange trading is on the increase

[Meuh6879]

Gold have ETF.
Bitcoin don't.


And ... gess what ?

[shinratensei_]

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.

You must add grayscale on your post.

why bitcoin rejected ETF,, 

Read this and you will be understand.
https://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm#tx562329_4

[Mometaskers]

There are more ETFs coming up though I find it unlikely that's they'd get approved. It's obvious that they don't want something that they'd have a hard time regulating. Of course they'd just say that they are just protecting the public. As if people will not invest in bitcoin without the ETF. Well if the next ETF that actually have insurance get rejected, I think I would not be able to believe their excuse.

[BlackPanda]

This is not good news, but look at the price movement bitcoin is currently less affected. bitcoin now getting stronger and not easily affected by negative sentiment.

[dingmei1]

Bitcoin cannot be regulated, controlled, or surveyed and those are features, not bugs.
I thing Bitcoin will end-up regulating governments instead of the other way around. It's just a matter of time
This ETF idea is not where Bitcoin is headed. It could have been nice because the fiat money coming in would have raised the price. Besides that, I don't see anything to "cry about" in regards to this ETF's failing to pass.

[gribble]

Bitcoin ETF is rejected good for bitcoin because of it, bitcoin become more famous and the price going up again
because many people know, learn about the bitcoin and make investments into bitcoin,
bitcoin just needs approval from the miners no other people, bitcoin will stay run as long as there are comunity, miners
and users and no body cares about this rejecting. 

[Amph]

Gold have ETF.
Bitcoin don't.


And ... gess what ?

gold without the eft would be sitting at 1/10 of the value, it was make it worth so much, now imagines if bitcoin had the same treatment, the big money influx from investors with high money liquidity would increase the value tot en fold

the good stuff about the EFT was that it would be available in the financial instrument of any bank, making it far easy to invest in bitcoin for those that are reluctant

add to this the better regulamentation and trust that would be created with the EFT, and you have pretty much a 10k-100 BTC there already

[pinkpanther03]

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+

well, in my opinion for what happened in the sec it was a good news for us, even they rejected it. Why? because of sec decision isn't it is shows that bitcoin cannot be control by any government which bitcoin proved it only. And besides, for whatever value that bitcoin has right now it is because of the demand of the user and the investors who invested into bitcoin not for any government approval.

[teilwalL05]

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.

Well even if we don't know for sure what is the real reason behind the said rejection I think that it is a governmental issue and I think bitcoin was getting in their nerve recently and would not allow any scheme that does involves bitcoin I think this is not the only issue that bitcoin was rejected.

[bryant.coleman]

Disappointed with the decision by the Securities and Exchange Commission. But seriously, I don't believe that this is the end of the road. If the ETF can't be listed in the New York Stock Exchange, why can't the Winkelwii try to get it listed in the Tokyo Stock Exchange or the Shanghai Stock Exchange? Other interesting options are the Hong Kong Stock Exchange and the smaller Shenzhen Stock Exchange.