[2018-08-08] US SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund.

[anamie]

US SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund

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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing and trading of a Bitcoin exchange-traded fund (ETF) until September 30, according to an official document released by the SEC August 7.

ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive investment instrument.

The fund under consideration is powered by investment firm VanEck and financial services company SolidX, and is expected to list on the Chicago Board of Exchange (CBOE) BZX Equities Exchange. The SEC now has almost two more months to consider a proposed rule change by CBOE Global Markets Inc. that would allow the fund to list. 

Source: https://cointelegraph.com/news/us-sec-postpones-decision-regarding-bitcoin-exchange-traded-fund

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[Ridwan Fauzi]

The decision made market cryptocurrency down almost 15 billion over just in one day.

I just thinking that SEC decision will lead cryptocurrency to have a bull market in this years.

And 30 September we can what will happen, approved or disapproved.

[Slow death]

dude, I woke up, I turned on my computer and entered the coinmarketcap and I had a big fright, I can not believe what I'm seeing, the price of bitcoin fell to  $6500, but that was already expected, what shocked me was that:

Ethereum: $375,37

NEO: $23,93

Lisk: $3,60

Litecoin: $66,71

What the hell do people have in their heads? if only because the SEC said it will not decide on August 10 and decided to postpone by September 30th and people are selling cryptos to the point of having a fall of more than 9%, this shows that this market is being manipulated and with this attitude the SEC can disapprove any ETF.

[1Referee]

dude, I woke up, I turned on my computer and entered the coinmarketcap and I had a big fright, I can not believe what I'm seeing, the price of bitcoin fell to  $6500, but that was already expected, what shocked me was that:

Ethereum: $375,37

NEO: $23,93

Lisk: $3,60

Litecoin: $66,71

What the hell do people have in their heads? if only because the SEC said it will not decide on August 10 and decided to postpone by September 30th and people are selling cryptos to the point of having a fall of more than 9%, this shows that this market is being manipulated and with this attitude the SEC can disapprove any ETF.

Why is it so shocking that altcoins are losing with Bitcoin? Altcoins are shit and not worth much on their own. 

People shouldn't forget that altcoins have gained 50-75% of their value through Bitcoin increasing in value. In other words, there isn't much actual capital sitting in altcoins if we discard Bitcoin's value donation to them.

The fact that altcoins need Bitcoin to move in order to do something is only pointing out how rubbish they are. Seriously, why would you wait for Bitcoin to move if you have to totally different target industry and roadmap? Oh right, it's because people don't care about the coin on its own. It won't ever change. Bitcoin will remain big daddy for ever.

[Kemarit]

dude, I woke up, I turned on my computer and entered the coinmarketcap and I had a big fright, I can not believe what I'm seeing, the price of bitcoin fell to  $6500, but that was already expected, what shocked me was that:

Ethereum: $375,37

NEO: $23,93

Lisk: $3,60

Litecoin: $66,71

What the hell do people have in their heads? if only because the SEC said it will not decide on August 10 and decided to postpone by September 30th and people are selling cryptos to the point of having a fall of more than 9%, this shows that this market is being manipulated and with this attitude the SEC can disapprove any ETF.

Exactly, I have a feeling that those who are selling doesn't understand a single thing about the decision. It was just a postponement, perhaps they needed time to review. I was also shocked when I woke up and checking the price at coinmarketcap and I scramble to see what's the reason behind this fall. I don't know about the altcoins though, the only logical conclusion is that their price has somewhat have a correlation with Bitcoin. Again, time to move on now, and look at the bright side, perfect opportunity if we see another bottom in the next couple of days.

[vy99]

dude, I woke up, I turned on my computer and entered the coinmarketcap and I had a big fright, I can not believe what I'm seeing, the price of bitcoin fell to  $6500, but that was already expected, what shocked me was that:

Ethereum: $375,37

NEO: $23,93

Lisk: $3,60

Litecoin: $66,71

What the hell do people have in their heads? if only because the SEC said it will not decide on August 10 and decided to postpone by September 30th and people are selling cryptos to the point of having a fall of more than 9%, this shows that this market is being manipulated and with this attitude the SEC can disapprove any ETF.

It's all speculation at this point. Whatever isn't great news is bad news, even something as relatively neutral as this news. This was hardly a death blow by the SEC but you'd think it was from all the sell-offs going on.

[BitcoinArsenal]

dude, I woke up, I turned on my computer and entered the coinmarketcap and I had a big fright, I can not believe what I'm seeing, the price of bitcoin fell to  $6500, but that was already expected, what shocked me was that:

Ethereum: $375,37

NEO: $23,93

Lisk: $3,60

Litecoin: $66,71

What the hell do people have in their heads? if only because the SEC said it will not decide on August 10 and decided to postpone by September 30th and people are selling cryptos to the point of having a fall of more than 9%, this shows that this market is being manipulated and with this attitude the SEC can disapprove any ETF.

A year ago, we could only have dreamed about such prices. Today they are a shock. As a news report today, Bitcoin is currently being driven by speculators rather than drug dealers and othres. After the SEC decision today, they will withdraw their money to invest elsewhere (eg, bonds or stocks) by the middle of September. As the SEC's decision approaches, they will get back in time and push the prices higher. This is how it works in 2018.

[bbc.reporter]

dude, I woke up, I turned on my computer and entered the coinmarketcap and I had a big fright, I can not believe what I'm seeing, the price of bitcoin fell to  $6500, but that was already expected, what shocked me was that:

Ethereum: $375,37

NEO: $23,93

Lisk: $3,60

Litecoin: $66,71

What the hell do people have in their heads? if only because the SEC said it will not decide on August 10 and decided to postpone by September 30th and people are selling cryptos to the point of having a fall of more than 9%, this shows that this market is being manipulated and with this attitude the SEC can disapprove any ETF.

Maybe they are dumping them to hold bitcoin or to hold fiat to buy bitcoin under $6000 to prepare for the bull rally on September 30 hehehe. They are making an effort to maximize their profits and gains.

Also, I reckon all markets are manipulated by the whales of that market. Do you think Warren Buffet became a billionaire only because he was a hard worker?

[BitcoinArsenal]

Maybe they are dumping them to hold bitcoin or to hold fiat to buy bitcoin under $6000 to prepare for the bull rally on September 30 hehehe. They are making an effort to maximize their profits and gains.

Also, I reckon all markets are manipulated by the whales of that market. Do you think Warren Buffet became a billionaire only because he was a hard worker?

Again and again I read this argument, no matter whether a politician, an economist or another influential person expresses a negative attitude towards Bitcoin, it is always said that the person or the institution only wants to buy Bitcoin cheaply. In fact, I believe that the SEC is not completely independent. There are many influential forces who would like to ban cryptocurrencies. Or do not want (like the Wallstreet) that Bitcoin is already developing towards mainstream, because they need more time to position themself.

[jzale]

To think that it would cause so much drag within days. The total cryptocurrency market cap lost billions because of this. I don't know but this shows how vulnerable to manipulations the crypto community is. This is not a gravely situation though. The drag opens an opportunity for us to buy lower and accumulate more for the upcoming green runs in the market. We still don't know how will this end up but the SEC's decision is not settled so we just have to hold on.