What we learned from the Bitcoin ETF denial

[markyminer]

One thing I learned about the Bitcoin ETF denial, and that is Bitcoin does not really need SEC ETF approval to be a stronger currency.  What Bitcoin should focus now is the scalability issue so that whenever Bitcoin got to the mainstream, there will be no hundreds of thousands or maybe even millions of transaction being unconfirmed for days.  To be approved ETF, SEC requires Bitcoin to be regulated and that is against the reason why Bitcoin is really created.

i think bitcoin can get stability only if the users of bitcoin will increasing, we can see that bitcoin is more stable and reliable as consider to previous time when the users of bitcoin were very low,

[megynacuna]

I learnt that Bitcoin is now global and so needs a comprehensive consensus before anything can be passed and this globalization is going to increase Bitcoin usage in the near future.

[freedomno1]

An overview of the Bitcoin ETF and what it taught us about Bitcoin

https://www.youtube.com/watch?v=XXm5rgKpxiY

Good video was on point about the SEC rejection of the ETF it did make me feel motivated though to create a private fund lol.
That's main philosophy and only philosophy is HODL without it being listed on a stock exchange.
I would call it Parking ^^

[shamzblueworld]

What I learned was that bitcoin is quite stable now and also the value or the price is becoming more and more rumor free, which is great. The less prone the value is to rumors and manipulations, the more stable it is, the more people will actually star joining, so even though ETF is not for approval anytime soon, still it is a win for bitcoin.

[Catmony]

This recent denial of bitcoin ETF shows us how strong bitcoin is right now and price is growing naturally rather than due to ETF hype we have for last few months. Even after rejection by SEC, bitcoin price is still growing.

[marketone]

This recent denial of bitcoin ETF shows us how strong bitcoin is right now and price is growing naturally rather than due to ETF hype we have for last few months. Even after rejection by SEC, bitcoin price is still growing.

Yes, many people are not pointing out this already bitcoin is maintaining it's stable at 1230$, so even after denial of bitcoin by ETF still bitcoin is securing its position in the market by not reducing its price. Everyone should understand bitcoin user will increase only when bitcoin is in the stable position.

[Juggy777]

The Etf was always going to be rejected outright and that was a sad reality which not many of us were ready to believe. The thing with Bitcoins it is unregulated, uncontrolled and this scares the government like anything. If this kind of Etf was allowed to pass why would people use thier Fiat, their currencies would be crushed, then there is anonymous feature which government would never in their wildest Dream allow the tax to get away. Plus people are shaming Bitcoin with drugs and that is a lame excuse government is using as we all know Fiat is used more for drugs. Maybe a year or two from now we may see some changes happening.

[ice18]

I must say that even SEC has denied bitcoin ETF it will still continue to grow even without no proper regulation by the government like SEC, etc, it has prove that bitcoin still become more stable after this denial and it cannot be affected easily because bitcoin naturally has the power to survive and rise again.

[btcdiggingmaster]

After rejection from ETF still, bitcoin price is stable. It indicates that bitcoin is specially designed for people's currency no government involved in it, but still, the price of bitcoin doesn't effect the rejection policy. Many big experts said that after rejection the price of bitcoin will go down to 1000$ but it has not happened.

[nelson4lov]

Bitcoin is anonymous so transaction or source of bitcoin can't be tracked, SEC declined ETF because they want to have surveillance over bitcoin LOL
So we can assume that all other bitcoin ETF proposal will be rejected by SEC with same reason in future.

But who want bitcoin ETF to get approved? Bitcoin adoption will keep on growing constantly despite of government negligence towards bitcoin adoption.

I clearly agree with you. The only way SEC will ever approve Bitcoin ETF is If They can control, monitor and manipulate bitcoin all the want.

But Since this goes against everything Bitcoin stands for including privacy protected transactions and decentralization, then Bitcoin ETF approval made seem difficult even If future attempts are made or SEC makes up their mind ( This is Impossible )


If there's one thing I'm sure of, It's the fact that with or without SEC's ETF approval, Bitcoin will keep going strong.

[talkbitcoin]

Many big experts said that after rejection the price of bitcoin will go down to 1000$ but it has not happened.

who are these "experts" exactly?
all i saw were random people repeating some low number ranging from $600 up to $900 and there never was any reasoning behind it apart from them repeating it.

all we learned from this experience is that you shouldn't trust what you read from random people on the internet who are self-claimed experts.

[Creepings]

We learned that bitcoin still stand tall and firm after the rejection which is really a shocker because I thought the price will be dumping, popping the bubble. But boy oh boy I was wrong. I realized that we dont need ETFs to make the bitcoin develop, we need users that will put their trust unto this digital currency.

[Pamadar]

We learned that bitcoin still stand tall and firm after the rejection which is really a shocker because I thought the price will be dumping, popping the bubble. But boy oh boy I was wrong. I realized that we dont need ETFs to make the bitcoin develop, we need users that will put their trust unto this digital currency.

yes mate after that etf denial price went down a little but it didn't take that much impact, we really don't need them we just needed more people to get involved and understand how powerful this service can help the economy and how we can maximize our profits coming from this new investment.

[Rude Boy]

I learned from bitcoin ETF denial is not fully ready and not fully compatible with mainstream.  There are lot of work need to be done. And it should be need to get approval from SEC. So, acceptance is depend with working model. And also it can show its secure fund transaction and gateway compatible with other bitcoin services.

[anavuajna]

I learned from bitcoin ETF denial is not fully ready and not fully compatible with mainstream.  There are lot of work need to be done. And it should be need to get approval from SEC. So, acceptance is depend with working model. And also it can show its secure fund transaction and gateway compatible with other bitcoin services.

It seems to me that bitcoin will not be able to get approval in the coming years. The US and the new president are simply not yet ready to determine the status of the cryptocurrency

[Huge Black Woman]

I guess the main thing we learned with the SEC rejection for a Bitcoin ETF is that there is still a lot to be done before the governemnt can see Bitcoin has a good thing. We still need to educate the government on what is actually the potential of this new tech.

I gots a letta from tha guv'n'ment tha otha day, I op'int an' read it, it sayed they was suckas.  They wanted me fo' they army o' whateva.  Pitcha me givin' a damn, I sayed NEVA!  *Thank ya Chuck D, fine ass brotha.*

But fo' realz, gub'ment don't got no say in what bitcoin do.  Maybe that there ETF, but not bitcoin itself, not now not neva.  Even if they done made it mo' illegal den cock fightin', it'd still be used.  If y'all think them folks who be usin' dark markits an' gamblin' away BeBe's kid's's money care one greasy iota about the legality'eez of money, you sorely mistakin.

[cryp24x]

I learned from bitcoin ETF denial is not fully ready and not fully compatible with mainstream.  There are lot of work need to be done. And it should be need to get approval from SEC. So, acceptance is depend with working model. And also it can show its secure fund transaction and gateway compatible with other bitcoin services.

It seems to me that bitcoin will not be able to get approval in the coming years. The US and the new president are simply not yet ready to determine the status of the cryptocurrency

Probably but the question is do Bitcfoin need this ETF approval?  The current ETF rejection showed that Bitcoin will do well even without this ETF.  Though it may give a boost but the possibility of someone regulating Bitcoin is there.  Remember Government loves to control everything.

[shinratensei_]

An overview of the Bitcoin ETF and what it taught us about Bitcoin

https://www.youtube.com/watch?v=XXm5rgKpxiY

We still have another backup ETF, but the bitcoin is really strong right now and not really strong until the HF will happen in the future, it will then make the big dip in a short time. rather than the rejected of the ETF, HF is really terrifying.

[SaShiRaJaVu]

I guess the main thing we learned with the SEC rejection for a Bitcoin ETF is that there is still a lot to be done before the governemnt can see Bitcoin has a good thing. We still need to educate the government on what is actually the potential of this new tech.

It might not be about educating the government,their view point is highly critical of the fact that it is not governed by a single body and hence people might lose money and in the case of a manipulation no one is held responsible for it and that you cannot protect the investors interest,may be that is what they are thinking from SEC stand of views and in order to accept something entirely different they need more time rather than risking and going forward and accepting it.

[batang_bitcoin]

I learned from that rejection is that bitcoin can stand alone even without this ETF approval. Bitcoin can remain in the mainstream of cryptocurrency. But I learned also that it can be also a big help to the bitcoins price if it is approved. And right now we just need to accept the fact it is denied and there's more opportunity to come not only with this ETF issue.