BTC ETF SEC APPROVED on MAY 15th

[talkbitcoin]

it is not going to happen this time either! nothing has changed with ETF, bitcoin, SEC, and those who have to accept or deny it. and besides i thought we were past the whole news hype of ETF!
and even if it was approved, again it wouldn't matter! those people who know better will continue investing in bitcoin and some fools who like centralized stuff will go to ETF thing

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[york780]

it is not going to happen this time either! nothing has changed with ETF, bitcoin, SEC, and those who have to accept or deny it. and besides i thought we were past the whole news hype of ETF!
and even if it was approved, again it wouldn't matter! those people who know better will continue investing in bitcoin and some fools who like centralized stuff will go to ETF thing

I like more investors. :-)

[Wexlike]

it is not going to happen this time either! nothing has changed with ETF, bitcoin, SEC, and those who have to accept or deny it. and besides i thought we were past the whole news hype of ETF!
and even if it was approved, again it wouldn't matter! those people who know better will continue investing in bitcoin and some fools who like centralized stuff will go to ETF thing

I like more investors. :-)

Especially institutional investors like hedge funds or insurance agencies.

[york780]

it is not going to happen this time either! nothing has changed with ETF, bitcoin, SEC, and those who have to accept or deny it. and besides i thought we were past the whole news hype of ETF!
and even if it was approved, again it wouldn't matter! those people who know better will continue investing in bitcoin and some fools who like centralized stuff will go to ETF thing

I like more investors. :-)

Especially institutional investors like hedge funds or insurance agencies.

Money = money. Soon BTC will be sold out. The demand is really high already, 16 MLN coins are already mined. Altcoins are growing fast but with so few BTC avaliable BTC will skyrocket soon. BTC hasnt skyrocket since 2013. Its coming guys. Altcoin investors will be to late and trapped for ever. Its coming..

[alyssa85]

It is going to be denied of course.

Nothing has changed - they're worried about unregulated exchanges providing unstable prices (because the ETF would be based on those prices). And Bitfinex proves their point, see the premium on the bitcoin price there.

Until the majority of bitcoin trading is done on regulated exchanges like GDAX and Gemini, the ETF won't get approved.

[LuanX3]

It is going to be denied of course.

Nothing has changed - they're worried about unregulated exchanges providing unstable prices (because the ETF would be based on those prices). And Bitfinex proves their point, see the premium on the bitcoin price there.

Until the majority of bitcoin trading is done on regulated exchanges like GDAX and Gemini, the ETF won't get approved.

I agree, there really is no point in approving it right now since there is no great change in bitcoins that can really change the minds of the people that will decide. Well, unless they pay off those guys deciding then for sure this will get denied and again we're looking to see another price boost in the coming weeks.

[alyssa85]

It is going to be denied of course.

Nothing has changed - they're worried about unregulated exchanges providing unstable prices (because the ETF would be based on those prices). And Bitfinex proves their point, see the premium on the bitcoin price there.

Until the majority of bitcoin trading is done on regulated exchanges like GDAX and Gemini, the ETF won't get approved.

I agree, there really is no point in approving it right now since there is no great change in bitcoins that can really change the minds of the people that will decide. Well, unless they pay off those guys deciding then for sure this will get denied and again we're looking to see another price boost in the coming weeks.

If the community really wanted that ETF approved, they'd move their trading to Gemini or GDAX or another regulated exchange.

What is utterly amazing is that they insist on continuing to use unregulated exchanges but at the same time are full of hope that the ETF will get approved. It's almost as though they can't connect the dots!

[mindrust]

Nothing has changed since the last rejection, so history will repeat itself again. Pump to 1300$+ before the decision, Dump to 1000$(or below) after it. Looks like another sure win to me.

But this time i won't short my owned bitcoins, instead i will wait them to say "no" and gonna buy cheap coins from 1000$. (Maybe i'm afraid to admit that there is a small chance for it to get passed this time  )

[Jammalan the Prophet]

Well what do you think? It was rejected the last 20 times. Do you think it will get accepted the 21st time?

wow is that a fact it got rejected 20 times already?

He's joking.
It's only the 17th time. Don't get fooled.

[MR1]

It is going to be denied of course.

Nothing has changed - they're worried about unregulated exchanges providing unstable prices (because the ETF would be based on those prices). And Bitfinex proves their point, see the premium on the bitcoin price there.

Until the majority of bitcoin trading is done on regulated exchanges like GDAX and Gemini, the ETF won't get approved.

True. Bitfinex is a good example of how an unregulated exchange can easily manipulate BTC`s price.

[eight888]

I don't think they will change their mind but let's see if they will reconsider it seeing that there's a new country that started to recognize bitcoin, Japan. Whatever the result of it there's no effect ( I guess ) with the price of bitcoin right now. They are just making some issues on bitcoin for them to have reasons to make the price low again.

Are you kidding me? Japan has a huge reaction to Bitcoin value rises over $1 billion, Russia move to legitimize cryptocurrency.

[eaLiTy]

Bitcoin is getting reconsidered once again do you think its going to get approved or denied? Approval does it mean BTC rockets up ? Denial does it mean it takes a dump like in March? May 15th is the last day of approval.

The chances of an approval is really slim as they just rejected it a couple of months back and i am not sure whether they will have any new findings to approve it but you can speculate that the chances are fifty fifty and if they approve the ETF then it is sure that the price of bitcoin will shoot as we will be seeing some big investments in it and if they deny we would see a small correction after the rally.

[Junko]

Nothing has changed since the last rejection, so history will repeat itself again. Pump to 1300$+ before the decision, Dump to 1000$(or below) after it. Looks like another sure win to me.

But this time i won't short my owned bitcoins, instead i will wait them to say "no" and gonna buy cheap coins from 1000$. (Maybe i'm afraid to admit that there is a small chance for it to get passed this time  )

^ This. Nothing has changed, nothing has been done to address the reasons why it was rejected in the first place. Anyone who thinks that somehow the result of this appeal will be any different from the last time is kidding themselves.

For many, it will be a game of selling just before the inevitable drop and then guessing the bottom to buy back in for max profit.

And for the rest, it will just be a big, juicy nothing burger at the end of the day.

[leopard2]

Well what do you think? It was rejected the last 20 times. Do you think it will get accepted the 21st time?

Now SEC crowd had enough time to fill up on cheap coins after they tanked to 900 so maybe yes

[arnbrd]

It has of course no chance to get accepted, but I can tell you that the day it is accepted, prepare for new highs ! But this is obviously not for this time. I think that at least in the next year none will get accepted.

[audaciousbeing]

Bitcoin is getting reconsidered once again do you think its going to get approved or denied? Approval does it mean BTC rockets up ? Denial does it mean it takes a dump like in March? May 15th is the last day of approval.

What will happen will happen and bitcoin will stand. In the last rejection that was witnessed the same way speculations were high and even some writers took their time to analyse the outcome whether its going to be positive or negative but it eventually happens and bitcoin is still standing. My  advice is that we should stop giving events like this the unnecessary attention for it to influence our decisions as the outcome of it might be devastating if it does not go our way.

[rickadone]

It has of course no chance to get accepted, but I can tell you that the day it is accepted, prepare for new highs ! But this is obviously not for this time. I think that at least in the next year none will get accepted.

We cannot be sure that this time too it will get rejected for same reasons. Unlike all previous attempt, this time same applicant is trying to get approved with improved explanation on how bitcoin is working and why some common regulations will not be possible. I guess it may convince SEC this time.

If SEC approves ETF application this time, we can expcept bitcoin prices to take off toward $10k price levels straightly like how we had in 2013, from ~$15 to ~$1100 levels.

[york780]

It has of course no chance to get accepted, but I can tell you that the day it is accepted, prepare for new highs ! But this is obviously not for this time. I think that at least in the next year none will get accepted.

We cannot be sure that this time too it will get rejected for same reasons. Unlike all previous attempt, this time same applicant is trying to get approved with improved explanation on how bitcoin is working and why some common regulations will not be possible. I guess it may convince SEC this time.

If SEC approves ETF application this time, we can expcept bitcoin prices to take off toward $10k price levels straightly like how we had in 2013, from ~$15 to ~$1100 levels.

True. GBTC wouldnt even be avaliable at that time, they will trade MBTC or satoshi's lol

[batang_bitcoin]

I don't think they will change their mind but let's see if they will reconsider it seeing that there's a new country that started to recognize bitcoin, Japan. Whatever the result of it there's no effect ( I guess ) with the price of bitcoin right now. They are just making some issues on bitcoin for them to have reasons to make the price low again.

Are you kidding me? Japan has a huge reaction to Bitcoin value rises over $1 billion, Russia move to legitimize cryptocurrency.

You didn't get my point, we are talking about the ETF and whatever will be the result it doesn't matter because of those countries that you had mentioned they are the ones right now that are giving the price of bitcoin pump. And this ETF reconsideration is just another issue for those people that wants to make a "reason" for a dump soon.

[BitcoinPanther]

All I can see is, this review somehow pushed the price of Bitcoin to what it is now.  This (approval) might push  the price higher but I would say let us not put our hopes in it.  There had not much of change in Bitcoin, it was the same when it was rejected so probably it will still be rejected.  Unless this current rise is a pump due to that issue, then bitcoin price will definitely crash when it is rejected once again.  And if this price increase is  because of adoption due to several countries accepting, then, it the price will not falter and will continue to increase even if SEC favored the previous decision.