SEC decision - A decided plan?

[Rightchoice]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

[richcorner100]

Bitcoin ETF was make high impact with all price of crypto, so i think we need Bitcoin ETF to be approved by SEC for better ecosystem of crypto and to increase the demand.  When aprroved Bitcoin will be one of the asset class that many big investor will interesting to put money in to it.

[butka]

The SEC decision is not so relevant. They will have to approve the bitcoin ETF sooner or later. There is already too much interest by the banking sector and their brokers and managers who want to invest in bitcoin, that they will eventually approve it. I read that coinbase has also shown interest in creating their own ETF fund together with BlackRock.

What bothers me is why everyone is so anxious about the SEC decision. As if the future of bitcoin depends on it, which is crazy. On the other hand, ETF could have potential downsides for the bitcoin ecosystem, like Andreas recently warned against:

“The idea here is to take a reserve of bitcoins and then make them tradeable instruments that can be traded on traditional markets like stocks. This is a custodial reserve system, where the custodian holds the actual bitcoin and what you’re getting is a share in their fund — not bitcoin.

It allows traditional / institutional investors to dabble in the bitcoin price, speculate on bitcoin, without actually holding bitcoin or having to open an exchange account and deal with complex things like keys, addresses, hardware tokens, and all of those things”.

Source: https://ethereumworldnews.com/anderas-antonopoulos-bitcoin-etf-terrible-idea/

BTW the article you are quoting is more than a month old.

[bob3772]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

I do not think that the SEC themselves will be making a decision to crash cryptocurrency. What would not surprise me though is if the members on the board who make decisions on ETFs and such are influenced by their powerful friends and acquaintances who may benefit if bitcoin or crypto were to fall.

[Xardasim]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

I do not think that the SEC themselves will be making a decision to crash cryptocurrency. What would not surprise me though is if the members on the board who make decisions on ETFs and such are influenced by their powerful friends and acquaintances who may benefit if bitcoin or crypto were to fall.

SEC's decision will have huge impact on futures of cryptocurrencies. There is no point to speculate the decision's credibility. We all need healthy grow on this industry and it will take time no matter what governments and agencies trying to do for destroying this section.

[palle11]

I believe that the ETF approval will grow the market faster because big players who are waiting for some kind of regulatory body for cryptocurrency would invest but the point is that, whether ETF or not, there is only one choice and that is blockchain impact on the technological advances.

[1Referee]

What bothers me is why everyone is so anxious about the SEC decision. As if the future of bitcoin depends on it, which is crazy.

It's all speculative nonsense. The only reason people badly want to see an ETF approval is because of how they blindly assume it will instantly sky rocket the price.

As soon as the price has gone up after an approval, they will sell the top and then no longer care about ETF's. That's how it always works in this space. People hop from event to event hoping to sell the top. These are the same people that will no loner care about Bitcoin when there isn't a viable way to book significant gains anymore.

I'm really happy that the bear market is freaking out all these get rich quick noobs. The only one's who are comfortable during this bear market are those using Bitcoin as money. Low fees and a near stable price around the $6000 level, what else can you wish for?

[adaseb]

Basically people can buy BTC right now anyways if they want. They can even use the GBTC fund if they don't want to keep actual BTC they can get stolen.

Will the ETF make a huge impact? Who knows.

I think that fund managers for 401K will be reluctant to invest the Baby Boomers retirement funds in Cryptos which can cause huge losses to their portfolio.

I do know that it will be another "Buy the rumor and sell the news" just like it was with the Bitcoin Futures.

Price went from like $5K to $20K in a few weeks, then the futures launched and BTC never saw $20K again.

[Bardman]

What bothers me is why everyone is so anxious about the SEC decision. As if the future of bitcoin depends on it, which is crazy.

It's all speculative nonsense. The only reason people badly want to see an ETF approval is because of how they blindly assume it will instantly sky rocket the price.

As soon as the price has gone up after an approval, they will sell the top and then no longer care about ETF's. That's how it always works in this space. People hop from event to event hoping to sell the top. These are the same people that will no loner care about Bitcoin when there isn't a viable way to book significant gains anymore.

I'm really happy that the bear market is freaking out all these get rich quick noobs. The only one's who are comfortable during this bear market are those using Bitcoin as money. Low fees and a near stable price around the $6000 level, what else can you wish for?

That's true but ETF's would still ultimately be a good thing for bitcoin, more adoption is always nice. Obviously most people want to make quick profits but that's how it is. It has to be like this to eventually become something else. Clearly bitcoin is not fit to become a normal currency right now so you might as well speculate with it.

[gabmen]

What bothers me is why everyone is so anxious about the SEC decision. As if the future of bitcoin depends on it, which is crazy.

It's all speculative nonsense. The only reason people badly want to see an ETF approval is because of how they blindly assume it will instantly sky rocket the price.

As soon as the price has gone up after an approval, they will sell the top and then no longer care about ETF's. That's how it always works in this space. People hop from event to event hoping to sell the top. These are the same people that will no loner care about Bitcoin when there isn't a viable way to book significant gains anymore.

I'm really happy that the bear market is freaking out all these get rich quick noobs. The only one's who are comfortable during this bear market are those using Bitcoin as money. Low fees and a near stable price around the $6000 level, what else can you wish for?

That's true but ETF's would still ultimately be a good thing for bitcoin, more adoption is always nice. Obviously most people want to make quick profits but that's how it is. It has to be like this to eventually become something else. Clearly bitcoin is not fit to become a normal currency right now so you might as well speculate with it.

Well it may be good for those wanting to have a spike and outside, having an approval may very well get the prices up. But i don't think it'll have that much bearing in the long run. Not everybody, especially those who've been into crypto for a long time, are excited about an apptoved etf.

[Idrisu]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

That is why I am thinking that the only way cryptocurrencies can succeed and advance is to forget about governments and it's agency as they will keep doing things that should affect cryptocurrencies in a negative ways.  As far as this ETF remain and the issues come up we would continue getting crashes in pricing.

[Kemarit]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

Not another thread about SEC.

Why not people stop worrying about the SEC decision? If they are under the control of fiat entity or someone that is powerful to make them delay their decision and playing with our 'emotions', so be it. We shouldn't give so much importance because at the end of the end they will eventually reject it anyway. That's why I always tell that don't get yourself to be emotionally involve otherwise you will just stress yourself waiting for their decision. What you can do is prepare for the worst, and make the necessary adjustments. 

[rudox]

The SEC decision on ETF will not come now as expected. According to policy on registration of new index like ETF it normally takes about 250 days so from the time ETF first applied the official 250 days will be around February next year. The outcome of the SEC /ETF  meeting will either make or mar the value of bitcoin so we will still expect a reaction from the market if SEC postpone the ETF admission this September.

[cabron]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

Not another thread about SEC.

Why not people stop worrying about the SEC decision? If they are under the control of fiat entity or someone that is powerful to make them delay their decision and playing with our 'emotions', so be it. We shouldn't give so much importance because at the end of the end they will eventually reject it anyway. That's why I always tell that don't get yourself to be emotionally involve otherwise you will just stress yourself waiting for their decision. What you can do is prepare for the worst, and make the necessary adjustments. 

They'd stop worrying about it if the SEC decision will be in a year but if its in the end of the month then of course they'd be worrying this much that the decision can affect the price in fact traders can spread fud because of it. And they did. Selling their coins right now all because someone said that price may even dip more because SEC approved BTC ETF.

[palle11]

The only one's who are comfortable during this bear market are those using Bitcoin as money. Low fees and a near stable price around the $6000 level, what else can you wish for?

I think you have a point too. Who thought bitcoin will get to $6000 last year from less than $1000. It did get to that price and more without the much awaited approval of ETF. Maybe this price is really the standpoint that the price can get to now (until another increase comes) so lets enjoy it, deal with it and invest in it and take our eyes off the ETF because cryptocurrency has existed without it

[berrygood]

I don't think it is planned, the last thing SEC cares about now the prices of the coin to me, but it was pretty obvious that it would be denied.

[Crypto Girl]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

Not another thread about SEC.

People really buying the news, isn't it? And this SEC issue, they let the news sink towards into their system and depending all of the happenings and blame it to SEC. Just to remind everybody that when you buy those news, people behind it will think that they won and create another fuds. Otherwise, be smart and think like one of them. If nobody believes on it, people will stop and think that they're just idiot.

[Kemarit]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

Not another thread about SEC.

Why not people stop worrying about the SEC decision? If they are under the control of fiat entity or someone that is powerful to make them delay their decision and playing with our 'emotions', so be it. We shouldn't give so much importance because at the end of the end they will eventually reject it anyway. That's why I always tell that don't get yourself to be emotionally involve otherwise you will just stress yourself waiting for their decision. What you can do is prepare for the worst, and make the necessary adjustments.  

They'd stop worrying about it if the SEC decision will be in a year but if its in the end of the month then of course they'd be worrying this much that the decision can affect the price in fact traders can spread fud because of it. And they did. Selling their coins right now all because someone said that price may even dip more because SEC approved BTC ETF.

If you read my comments, I said whatever happens, you should be prepared, specially in worst situations where the SEC might reject the Van Eck/Solid X proposal. If you are prepared then you won't be affected by whether there's FUD coming as we get closer to the decision.

@Crypto Girl - Exactly, we always look for someone or something to blame. But if you look at it, why blame it to SEC FUD when you yourselves is to blame because you buy the hype and when it doesn't go our our way y'all bitch out saying that SEC is the culprit.

[eaglewhite80]

As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned?

I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think?

https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/

Not another thread about SEC.

Why not people stop worrying about the SEC decision? If they are under the control of fiat entity or someone that is powerful to make them delay their decision and playing with our 'emotions', so be it. We shouldn't give so much importance because at the end of the end they will eventually reject it anyway. That's why I always tell that don't get yourself to be emotionally involve otherwise you will just stress yourself waiting for their decision. What you can do is prepare for the worst, and make the necessary adjustments. 

Honestly, I really wonder! So much attention has been focused on this whole SEC thing that I feel we create even more issue with it on our own than what it could cause normally. 

Whatever is meant to happen will happen with or without any SEC decision. If the price dips, then we buy more and if not, we enjoy the profits. So, I wonder what the whole fuss about SEC is for some people.