ETF rejected

[Jating]

As ETF is rejected there are no more drivers which might boost market.  SEC has rejected ETF without any compromises it is a very negative signal for everybody and, of course it means that while fonds will not invest in bitcoit and altcoins. Unfortunately such SEC's decision has compromised not only bitcoin but the entire crypto market. This decesion allows SEC to keep in check the crypto market. So, lots investors are disappointed of such a decision and I am sure that the crypto market is not so attractive for investing so potential investors will hold their money elsewhere but not in bitcoins. Likewise many disappointed investors I also have suspended my investing in crypto assets because I am exhausted of the downtrend in ethereum and lack of potential in bitcoin. Unfortunately I am sure that this situation will not be boosted in this year substantially. I think right now  it is a good time to pay attention on other assets like gold because namely gold is quite attractive assets in the current moment.

Bitcoin is going up after the obligatory "ETF rejected" dip. Many noobs got owned thinking it was going to drop to 4000 overnight. Not a short squeeze typically but over the past few hours slowly many short positions got owned as we are going near $7000.

ETF being rejected was already priced in by anyone with a functional brain so this is not much of a surprise. It is true tho that many potential investors are waiting for the ETF but anyone that's realistic knows it's not coming this year, we'll see in 2019. But once again, ETF doesn't make or break Bitcoin, it just pumps the price.

Let's get over with this whole ETF's claims. I agree it will not make a significant dent on the price because it has no effect long term. It will just make a small bump and that's it, market is bad as normal.

Speculators are showing witted intelligence, and I'm sure that they are not disappointed by this rejection. As for me, I'm not really paying attention that much about ETF's anymore. Will make my positions whichever the market will offer me.

[Cryptoville247]

Yes the ETF was rejected. But it seems the SEC wants to review their decision on it. Let us see how events play out between now and the end of September. The decision may be reversed.

[newinbtc]

bitcoin etf was rejected more than 30 times from last year. recent they reject 9 Etf. Its will be great news if Etf accepted. but investors are ready with Money if etf rejects . slight dump and up again. If bitcoin etf Aproved then its shocking news for all btc market as well as media...

have you read why sec rejects bitcoin etf?

[muslol67]

This ETF issue getting bigger and bigger. I think ETF will not make a contribution to Bitcoin's future. On the contrary, it can even suffer long-term damage. The important thing is that Bitcoin is very dependent on such news. It is not good.

[Hell-raiser]

This ETF issue getting bigger and bigger. I think ETF will not make a contribution to Bitcoin's future. On the contrary, it can even suffer long-term damage. The important thing is that Bitcoin is very dependent on such news. It is not good.

Does anyone really give a fuck about this ETF issue anymore? I remember when the proposal was rejected for the first time (it was in January-February, 2017 if I'm not mistaken), Bitcoin crashed like 20% from 1200 down to ~900 dollars within a few days (though there were a few other factors at play back then). We all very well know what happened next. So I don't really think market is set to react somehow on the rejection since this is what everyone expected anyway. I wouldn't even call that pricing in simply because nothing has changed to be priced in.

On the other hand though, if such an ETF was approved all of a sudden, despite all odds, that would be a damn breaking news, and we would see prices go exponential faster than greased lightning.

[pixie85]

This ETF issue getting bigger and bigger. I think ETF will not make a contribution to Bitcoin's future. On the contrary, it can even suffer long-term damage. The important thing is that Bitcoin is very dependent on such news. It is not good.

Does anyone really give a fuck about this ETF issue anymore? I remember when the proposal was rejected for the first time (it was in January-February, 2017 if I'm not mistaken), Bitcoin crashed like 20% from 1200 down to ~900 dollars within a few days (though there were a few other factors at play back then). We all very well know what happened next. So I don't really think market is set to react somehow on the rejection since this is what everyone expected anyway. I wouldn't even call that pricing in simply because nothing has changed to be priced in.

On the other hand though, if such an ETF was approved all of a sudden, despite all odds, that would be a damn breaking news, and we would see prices go exponential faster than greased lightning.

I sure don't give a fuck and the market seems to be getting more immune. The first rejections caused huge dumps but the recent ones ended up in a short rally instead of a drop. I think it's good that more people realize we don't need and ETF to exist. Bitcoin is here since 2009 and went from a few dollars to 20000 without ETF.
It will rally again with or without it, but I still think that we will have it approved next year.

[jeronimosuykens]

This ETF issue getting bigger and bigger. I think ETF will not make a contribution to Bitcoin's future. On the contrary, it can even suffer long-term damage. The important thing is that Bitcoin is very dependent on such news. It is not good.

If there is bad news from the market already. It is difficult to take on the role of going in this market. Need advice from experts.

[lephuqui]

https://www.sec.gov/rules/sro/nysearca/2018/34-83904.pdf

Who would have guessed it? (/sarcasm)

Of course, no one but deluded noobs think that the SEC is going to pass an ETF, if not ever, at least any time soon.

The reason they allowed Futures is because with Futures they can apply a strong bearish manipulation on the market. They will not allow an ETF until they have kicked out 100% of noobs out of the market, and once they have more BTC in their hands than the rest of the world, they will allow an ETF.

BTC is going to $100,000+ with or without ETF, but without an ETF it will be slower and TPTB continues amassing BTC by extending the bear period. The only reason all these phantom derivative scams are allowed is for them to manipulate prices in their favor.

ETF was rejected. But apparently I heard that SEC has reconsidered. Maybe you're right. The SEC only really accepts when 100% of the noob leaves and grabs a large amount of btc in hand. It's too early for approval. Approval is just late.
Btc can increase to 100,000 + in the future. But the market must be controlled, but the current price increase or decrease is too risky if the SEC accept the ETF.

[solarsun]

It's no surprise.  They are going to delay this thing and manipulate prices for as long as they can.  Once they get the ETF the cheating will really begin.  Wait till there are 100 million paper claims to 16 million Bitcoins.  Then watch that work totally fine for decades.  This is the silver market today. 

[jambul_kribo]

It's no surprise.  They are going to delay this thing and manipulate prices for as long as they can.  Once they get the ETF the cheating will really begin.  Wait till there are 100 million paper claims to 16 million Bitcoins.  Then watch that work totally fine for decades.  This is the silver market today. 

but now day, after they reject etf approval market doesnt effected.investor now consious etf rejection only an action to make cryptocurrency market become weak.and we show a proff that community solid right now.

[lendahawkins]

I do expect it would turn out to be rejected and for vaneck it would be another delay for approval. With bakkt that will be launch in november, it would increasing the chance for etf to be accepted in Febuary 2019. I do think our last chance to see etf get approved in on Febuary and bitcoin will be big after that.

[BartS]

ETF is not important so much. We dont need it. Bitcoin was created to not comply with the legacy system, and as such can stand without the parts of broken economy. We will see bitcoin stronger and stronger

We do not need it that is correct but at the same time people are so desperate about the state of the market and the low price that it shows that they are willing to do anything to try to push the price up, and a way to do that is for the ETF to be approved, that is why you are seeing so many people pushing for it even if it doesn't make a lot of sense when we take into account the philosophy of bitcoin, but at the end it doesn't matter since the price will recover by itself like it always does.

[Hell-raiser]

This ETF issue getting bigger and bigger. I think ETF will not make a contribution to Bitcoin's future. On the contrary, it can even suffer long-term damage. The important thing is that Bitcoin is very dependent on such news. It is not good.

Does anyone really give a fuck about this ETF issue anymore? I remember when the proposal was rejected for the first time (it was in January-February, 2017 if I'm not mistaken), Bitcoin crashed like 20% from 1200 down to ~900 dollars within a few days (though there were a few other factors at play back then). We all very well know what happened next. So I don't really think market is set to react somehow on the rejection since this is what everyone expected anyway. I wouldn't even call that pricing in simply because nothing has changed to be priced in.

On the other hand though, if such an ETF was approved all of a sudden, despite all odds, that would be a damn breaking news, and we would see prices go exponential faster than greased lightning.

I sure don't give a fuck and the market seems to be getting more immune. The first rejections caused huge dumps but the recent ones ended up in a short rally instead of a drop. I think it's good that more people realize we don't need and ETF to exist. Bitcoin is here since 2009 and went from a few dollars to 20000 without ETF.
It will rally again with or without it, but I still think that we will have it approved next year.

Actually, it is not decided even with respect to the first rejections (or just the very first one). I remember when Bitcoin crashed soon after the news about the rejection hit the tabloids (as I pointed out in my post), but it happened at almost the same time as the Chinese central bank ordered local exchanges to halt both cryptocurrency deposits and withdrawals. So it is hard to say what was the actual cause of the crash back then.

Anyone want to chime in on this?

[Samaaliu]

The rejection of ETF application for Bitcoin has not had any bad influence on the market. The prices as of today are even better than 2 weeks ago.

[reflector]

The rejection of ETF application for Bitcoin has not had any bad influence on the market. The prices as of today are even better than 2 weeks ago.

This price symptoms will boom the marketplace worth of the coins well. So far we are looking to see the price bump and it is happening now so we do not need ETF effect at all but still there is another application with the SEC.  So ETF will be accpeted this time that is my expectation too mate.
If you wish to invest on the good project then plan at this time soon and make your investment accordingly.

[rosemary4u]

The rejection of ETF application for Bitcoin has not had any bad influence on the market. The prices as of today are even better than 2 weeks ago.

0x861AC60Ed646bC9C71eD353C7292c6E9a3B1AD10
There are many issues confronting the acceptance of bitcoin ETF at the moment. Although there  are various reasons for the down falls in the price of the various Cryptos. I believe the whole issue on the bitcoin ETF agreement could be part.

[Casabrandy]

The rejection of ETF application for Bitcoin has not had any bad influence on the market. The prices as of today are even better than 2 weeks ago.

People were not just used on hearing news till now that it didn't bother to effect the market, what we are all still waiting is some good news to recover since were able to be patiently holding till it recovers.

[horrifiedx1]

The rejection of ETF application for Bitcoin has not had any bad influence on the market. The prices as of today are even better than 2 weeks ago.

People were not just used on hearing news till now that it didn't bother to effect the market, what we are all still waiting is some good news to recover since were able to be patiently holding till it recovers.

patience is most important to get maximum results, I think good news will affect that. with the delay of etf certainly makes us have to be more patient to wait for the bullrun to occur, and don't despair

[wingsthegreat21]

First of all I know there will be some thing happening in here and the SEC is heavily influenced by bankers and I believe somebody is lobbying for them to take their time and delay as much as possible to prolong the bear market well this is a great moment for everyone with a lot of money to board the train and go with the flow.

[STT]

They dont need any excuses to reject the ETF.   If they do allow the ETF it gives access to normal investors and they believe Bitcoin is too volatile, with exchanges unknown determining price which may or may not be valid.   Me personally I dont think any of the plain holdings for BTC ETF is going to happen, its only going to have a chance relying on the futures market for BTC coming from Chicago

There definitely is lots of ETF that hold contracts for commodities not the actual underlying markets like corn, wheat, flour or soy beans.  Whatever resource they almost always are holding those things via a secondary market like Chicago maintains with some regulation coming from there

Also I should add I have been refused ETF that holds futures contracts by some brokers,  so the ETF had some warnings even then.