BTC ETF SEC APPROVED on MAY 15th

[South Park]

Whoever is brave enough, should open a short on may 15. It's impossible, simply impossible that it gets approved, so we know the outcome.

What we don't know is if the market will act predictable (with a sell off) or troll us and nothing will happen and potentially the rise will continue.

If there is a sell off then shorts will make tons of money.

But lots of experienced analysts like Tone Vays predict $2000 by august, so we are going to see an interest development in price. Either nothing happens or we see a flash crash with a flash recovery.

I think the reaction of the market will depend on the conditions of the market at the moment, if there is  a strong upwards tendency then I don’t think it is wise to short bitcoin but if the market is stagnant or with a downward trend then shorting bitcoin maybe an option.

[Pab]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

[Kemarit]

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.

i think if rejected, much people can dump bitcoin
the big bitcoin investor can playing price to buy bitcoin in low price with dump

We have not seen a huge dump during the first rejection of ETF, and a bitcoin price increased on the 2nd rejection of Bitcoin ETF.  I do not think that the upcoming decision after SEC review the Bitcoin ETF  have a major effect on bitcoin price if it gets rejected.  It may pump the price if the decision is reversed and accepted the Bitcoin ETF since it will bring in more fund to Bitcoin economy.

I think the first rejection of SEC coupled by the scaling issue, causing the big dump below $1000. But if ever the review will result in the same decision, there could be minor price decrease, but it would not like the dump on the first rejection. Bitcoin price is more stable than ever, and I don't think the rejection will cause it to drop below $1000. Investors or even casual traders are already matured  to think on just dumping bitcoin. Unlike before, we have already have a country backing up bitcoin, Japan leading the way in terms of trading volumes at 50% everyday.

[richardsNY]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

Uh.... The ETF will be a welcome tool for institutions to let their millions (potentially billions) flow into Bitcoin -- aside from the low chances of it being approved on second shot, how can you hope that it will be rejected? Also, mind explaining what "technology improvement(s)" you are talking about? As it is, the technological improvement (SegWit) that basically everyone is waiting for, is still far away from being activated. Current growth is the result of mainly the increased overall demand, demand from Japan, speculation about the ETF, etc.

[bricket]

And where will the information appear immediately when the decision is made public? Where it will be possible to learn at once?  To understand whether to buy bitcoins, or wait until the price falls. Maybe anyone know the site or anything else  

[Baofeng]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

Uh.... The ETF will be a welcome tool for institutions to let their millions (potentially billions) flow into Bitcoin -- aside from the low chances of it being approved on second shot, how can you hope that it will be rejected? Also, mind explaining what "technology improvement(s)" you are talking about? As it is, the technological improvement (SegWit) that basically everyone is waiting for, is still far away from being activated. Current growth is the result of mainly the increased overall demand, demand from Japan, speculation about the ETF, etc.

So true. This 2 are the major factors why the price is bitcoin is moving so fast now. But we all know that if ETF is reject there will be panic again and the price could be down. So let's just not worry about the ETF and just let other positive news influence its price after the reject. Japan and other countries had already invested so much on bitcoin and even the ETF rejection will not let those investors just abandon bitcoin ecosystem.

[European Central Bank]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

there is no technology improvement. there is also no technology improvement on the horizon. i also think that anyone buying with etf expectations is about as stupid as can be.

[Gasotard]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

That is right. It is better to be approved when there is less risk.

[bricket]

And when will we get results to react immediately? No one knows?

[Hazir]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

there is no technology improvement. there is also no technology improvement on the horizon. i also think that anyone buying with etf expectations is about as stupid as can be.

Correction: it is not necessarily because bitcoin is better, it is because bitcoin awareness is raising and adoption is growing, even despite the fact that technology being BTC is still the same.
Don't forget that Australia will accept Bitcoin as fully legal payment method, we should expect another BTC price surge after that.

[BitHodler]

And when will we get results to react immediately? No one knows?

By the time you as average Bitcoiner finds out the result, it's most likely already too late to act. Never wait for something to happen, always act in advance.

If you think that a positive/negative statement from the SEC will impact the market significantly, then you have to take action right now since we're less than 48 hours away from this event.

[york780]

And when will we get results to react immediately? No one knows?

By the time you as average Bitcoiner finds out the result, it's most likely already too late to act. Never wait for something to happen, always act in advance.

If you think that a positive/negative statement from the SEC will impact the market significantly, then you have to take action right now since we're less than 48 hours away from this event.

Just hold to win. Short if you like losing.

[mindrust]

ETF approval would be the end of bitcoin. This shit is even more dangerous than Jihan WU to me. You guys are waiting for it to be approved and seeing it as a good thing but it is not. Hope for the best so it will never ever get approved. If they deny it, because of people like you; prices fall down a little. Maybe a couple of hundreds. No big deal. But if it gets approved;

Bitcoin will be just another toy for the Bankers to play with.

Right now, we are able to buy&and sell bitcoin itself. It is an honest trade. You know what you buy, you know what you sell. When bitcoin gets approved as an ETF, there will be many artificial markets built upon bitcoin.


Derivatives.

When you hear the term, "derivative", you should run a thousand miles away from there. Here is a couple of articles about the derivatives and how they fuck us:

http://www.zerohedge.com/news/2016-05-24/derivatives-market-about-implode-big-banks-again
http://investmentwatchblog.com/the-root-cause-of-the-2008-financial-meltdown-derivatives/
http://www.investopedia.com/articles/economics/09/subprime-market-2008.asp

https://youtu.be/uCfSmjd3YuQ

Bonus read: https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/

[BitHodler]

And when will we get results to react immediately? No one knows?

By the time you as average Bitcoiner finds out the result, it's most likely already too late to act. Never wait for something to happen, always act in advance.

If you think that a positive/negative statement from the SEC will impact the market significantly, then you have to take action right now since we're less than 48 hours away from this event.

Just hold to win. Short if you like losing.

Long term for sure, but there are enough speculators looking to gamble on a certain outcome by opening or closing positions.

Just think about it, the chances for the ETF to remain rejected are higher than it miraculously getting approved. It will be an easy choice for people if they do happen to take action.

I personally won't do anything in relation to this event as I prefer to keep hodling.

[Golftech]

I hope Sec will reject one time again,current price rise has nothing with EFT.It is all about technology improvement

there is no technology improvement. there is also no technology improvement on the horizon. i also think that anyone buying with etf expectations is about as stupid as can be.

Correction: it is not necessarily because bitcoin is better, it is because bitcoin awareness is raising and adoption is growing, even despite the fact that technology being BTC is still the same.
Don't forget that Australia will accept Bitcoin as fully legal payment method, we should expect another BTC price surge after that.

that's right mate, after we seen australia and japan adoption of bitcoin the value really surge up, what if more big countries like them will
start to embrace the system hope big bitcoin can be? no question about the price surge but we should start to contributing and allow more
investors to join so they can also got something from this good investment that we have.

[Paya]

I totally agree with mindrust. ETF approval would twist bitcoin into something completely opposite of what it's been created for, and soon take away the freedom it strives to bring us. It'll become just another disposable gambling game for banksters backed up by corrupted governments. I simply can't believe that some of you people are actually hoping that it happens.

[WiiD]

I totally agree with mindrust. ETF approval would twist bitcoin into something completely opposite of what it's been created for, and soon take away the freedom it strives to bring us. It'll become just another disposable gambling game for banksters backed up by corrupted governments. I simply can't believe that some of you people are actually hoping that it happens.

Which freedom we exactly got from Bitcoin and how it is destroyed with the ETF?

[1Referee]

I totally agree with mindrust. ETF approval would deform bitcoin into something completely opposite of what it's been created for, and soon take away the freedom it strives to bring. It'll become just another disposable gambling toy for banksters backed up by corrupted governments. I simply can't believe that some of you people are actually hoping that it happens.

People are happy because institutional capital will make sure the price eventually will reach levels beyond what people consider realistic at this point. If you ask people if they want to see the price reach $15,000 or $20,000 at some point, they obviously won't say no. But indeed, in worst case scenario Bitcoin will become a toy for institutions and whatever other big money entities. I personally don't have any problems with that, but I understand why others may not really like this. Either way, with or without ETF's - current holders will win big time.

[Paya]

I totally agree with mindrust. ETF approval would twist bitcoin into something completely opposite of what it's been created for, and soon take away the freedom it strives to bring us. It'll become just another disposable gambling game for banksters backed up by corrupted governments. I simply can't believe that some of you people are actually hoping that it happens.

Which freedom we exactly got from Bitcoin and how it is destroyed with the ETF?

I am amazed that you, as bitconer, ask such things. We ain't there yet of course, but it's the freedom from exploitation by the banksters. Yeah, same those organized criminal minds some of you people are inviting with that ETF bullshit - which I hope, never gets green light. Some day we can and should become mainstream, but on our terms. Not theirs.

People are happy because institutional capital will make sure the price eventually will reach levels beyond what people consider realistic at this point.

Sure, but it is short-sighted and with all due respect - not very smart view. We could destroy one really great idea, for what? Peanuts.

 

[Searing]

Virtually no chance it gets approved

They are bureaucrats, no chance of them saying they made a mistake and will approve this imho.
 
Especially, I think it has been less than 90 days since last rejection