BTC ETF SEC APPROVED on MAY 15th

[freedomno1]

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

Agree they may add a few statements regarding recent events but I presume the status quo will remain as is.
Although we will know for certain tomorrow what the plan is regarding this ETF application.

[tigershark]

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

Agree they may add a few statements regarding recent events but I presume the status quo will remain as is.
Although we will know for certain tomorrow what the plan is regarding this ETF application.

So will the price of bitcoin drop if the etf is not approved or is the price already built in? The price is still pretty high right now, so I think it could still drop.

[mundang]

Hoping to be approved by this time despite of disapproving so many times, and if that happens bitcoin price will suddenly blow its price and thats the thing ive been waiting for.

[cpfreeplz]

Hoping to be approved by this time despite of disapproving so many times, and if that happens bitcoin price will suddenly blow its price and thats the thing ive been waiting for.

That would just be a speculation bubble because people would assume that more people would invest in bitcoins. Anyone can invest right now and absolutely nothing is stopping them, so how would this actually change anything?

[Candsno8]

It wont happen

[n0ne]

Hoping to be approved by this time despite of disapproving so many times, and if that happens bitcoin price will suddenly blow its price and thats the thing ive been waiting for.

Let's hope for the best. In reality during the past appeals for Etf several statements have been put forth that need to be fulfilled to get it approved. This time the time gap between consecutive appeals is very low to fulfill all the necessity. So this time too everything is gonna be an expectation till revealed about the result.

[pooya87]

Hoping to be approved by this time despite of disapproving so many times, and if that happens bitcoin price will suddenly blow its price and thats the thing ive been waiting for.

Let's hope for the best. In reality during the past appeals for Etf several statements have been put forth that need to be fulfilled to get it approved. This time the time gap between consecutive appeals is very low to fulfill all the necessity. So this time too everything is gonna be an expectation till revealed about the result.

as far as i can remember last time they rejected ETF with main reason being "it is not regulated" and also "the price is too volatile" and nothing about these two have changed, bitcoin is not regulated yet and price is still volatile.
so unless there is something more that i don't know, they will reject it once again.

[SHAWN-MIDWAYS]

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.

its just too soon for them to have a sudden change of heart dispite the rocketing prices but am certain we are getting the same answer for the
second time of asking.

Interesting poll going on here: https://twitter.com/themerklenews/status/863701606990176256 clearly most users do not favour bureaucracy

[jakelyson]

It will be the same as before, etf will be rejected. And after so many times, I do not think etf acceptance or rejection will still have an effect on bitcoin. There is so many factors now that can affect the price positively. If etf got rejected again, it will not pull the price down.

[Pursuer]

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.

its just too soon for them to have a sudden change of heart dispite the rocketing prices but am certain we are getting the same answer for the
second time of asking.

Interesting poll going on here: https://twitter.com/themerklenews/status/863701606990176256 clearly most users do not favour bureaucracy

the timing doesn't matter as much. what matters is that none of the reasons why they denied ETF in first place has changed! mainly regulation of bitcoin, which has not changed yet and despite bitcoin being regulated in Japan and some other countries it is not yet regulated in US and that's what matters.

[Mervyn_Pumpkinhead]

bitcoin being regulated in Japan and some other countries it is not yet regulated in US and that's what matters.

Regulated bitcoin trading would mean that the exchanges can't play their own books and they can't operate with fractional reserve anymore. Then the veil would be lifted on how much money is actually backing this 28 billion market cap and how much of it was actually funny-money created by the exchanges to stimulate the market.

[mike4001]

So will the price of bitcoin drop if the etf is not approved or is the price already built in? The price is still pretty high right now, so I think it could still drop.

Since the last rejection is only 2-3 months old and nothing has changed for Bitcoin I don´t think anyone really expects this to get passed.

So I also think the currect price is not high in anticipation of an approval => So Bitcoin price will stay about the same.

[rjclarke2000]

Isn't today just the last day to submit a comment?

After today the comments section is disabled.

As far as I am aware there will be no decision.

[Junko]

No chance of approval today or anytime soon. It's a "review" of the initial rejection, not an "appeal" to overturn or reverse the decision. They are going to make sure the proper procedure was followed and the paperwork/documentation is in order.

Anyway, here's the chance to pick up some discount coins before the next leg up.

[1Referee]

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.

Yup, but the far majority of the people are only here to earn money. Bitcoin's decentralized aspect and the technology that powers everything are not of any importance to them. Browse through various banks accepting Bitcoin type of threads, and you'll see how many people like the idea of banks incorporating Bitcoin. Certain people prefer to remain a slave of the old corrupted system it seems...

[Shiroslullaby]

Yup, but the far majority of the people are only here to earn money. Bitcoin's decentralized aspect and the technology that powers everything are not of any importance to them. Browse through various banks accepting Bitcoin type of threads, and you'll see how many people like the idea of banks incorporating Bitcoin. Certain people prefer to remain a slave of the old corrupted system it seems...

People get lazy when they are comfortable.
If you already have a good life and food and a house, you will continue to use banks because it works.
The only people that want to change the system are those that are very desperate, or very forward-thinking.

[Sniper44]

So will the price of bitcoin drop if the etf is not approved or is the price already built in? The price is still pretty high right now, so I think it could still drop.

Since the last rejection is only 2-3 months old and nothing has changed for Bitcoin I don´t think anyone really expects this to get passed.

So I also think the currect price is not high in anticipation of an approval => So Bitcoin price will stay about the same.

it may dip though, the market is surely ready for it. although i agree that nobody expected the approval this time because their rejection reasons were pretty clear. and this rise was mostly because of Japan and FOMO of mainstream adoption.
but i still say it may dip because manipulation is still alive.

[bartolo]

The other time there was more expectation but now I don´t think that anbody is really waiting for an approval, for this reason I don´t think that there will be a remarkable impact on the price. The only thing that makes this review is to provide some hope that it could be approved in the future.

[Mervyn_Pumpkinhead]

Yup, but the far majority of the people are only here to earn money. Bitcoin's decentralized aspect and the technology that powers everything are not of any importance to them. Browse through various banks accepting Bitcoin type of threads, and you'll see how many people like the idea of banks incorporating Bitcoin. Certain people prefer to remain a slave of the old corrupted system it seems...

People get lazy when they are comfortable.
If you already have a good life and food and a house, you will continue to use banks because it works.
The only people that want to change the system are those that are very desperate, or very forward-thinking.

I agree with the very desperate part, but I haven't yet met forward-thinking people who are desperate. Desperation comes from lack of vision that narrows down options for ones future.
And bitcoiners aren't about changing the system. They are about putting themselves on the spot of the "alpha-leeches". They dream of buying an artificially scarce virtual currency, so that one day others will have to buy it from them for a much higher cost, while they themselves get richer without any work or skills that contribute society. Bitcoiners have the same moral fiber as "banksters". Only difference is that they lack the education and skillset needed to leech successfully enough to satisfy their materialistic urges.

[JohnUser]

(...)
bitcoiners aren't about changing the system. They are about putting themselves on the spot of the "alpha-leeches". They dream of buying an artificially scarce virtual currency, so that one day others will have to buy it from them for a much higher cost, while they themselves get richer without any work or skills that contribute society. Bitcoiners have the same moral fiber as "banksters". Only difference is that they lack the education and skillset needed to leech successfully enough to satisfy their materialistic urges.

Thanks for this.

I only disagree about the first one that believe in the project, when it was less 1$.