ETF rejected

[cellard]

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.

[1713974342]

1713974342

[pitiflin]

Fuck yeah!

satoshi listened to my prayers?

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.

I wouldn't be so sure on that, bitcoin is supposed to be a currency, and if one bitcoin is worth like 100 $, then its not a good factor, it maybe good in terms of how it looks, but in terms of long term usability, its not.

[LeGaulois]

I told ya guys the SEC won't approve it, a lot of members were saying "this time is different" "for sure it will be approved", etc...
I hope to see them commenting on this topic to see what they have to say now
Now I am interested to see how the market will react to this news in the next following days...

[Coin-1]

This is a bad news. The ETF would be a strong driver for BTC growing.

Now I am looking at the crypto exchange markets. The price of Bitcoin is decreasing to $6300 (-2%). I guess this is just a beginning of the next dump.

I suppose that the dominance of Bitcoin will be reduced again to 45% and the altcoins will recover a little bit in the near future.

[pitiflin]

"this time is different"

This isn't the first time they are using these cliche statements.

This is a bad news. The ETF would be a strong driver for BTC growing.

Are you kidding? This is GOOD news. ETF won't make bitcoin grow, they aren't even directly related.

Now I am looking at the crypto exchange markets. The price of Bitcoin is decreasing to $6300 (-2%). I guess this is just a beginning of the next dump.

Yeah, because dumbfucks can't really understand what an ETF is. This is one of the downside of crypto, something which isn't even directly related, nor necessary, nor being relevant is causing bitcoin's price to go down. How ironic?

I suppose that the dominance of Bitcoin will be reduced again to 45% and the altcoins will recover a little bit in the near future.

Who cares? There's no real use in bitcoin dominance or the entire market cap actually, its just a stupid stat. People just use those in their arguments to prove a point.

I like this topic, will stick around to it. 

[butterflies04]

Wow everyone called it.  Nice one guys.  It seems like they are holding this not only to manipulate so they can enter but so they can get all their regulations in place so they can control the entire thing. 

[bitmover]

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.

I agree with you and bitcoin etf will be approved. It's imminent and inevitable.

This will make a lot of nerds rich..

However, it always feels so strange all ETF fever in the bitcoin community.
Bitcoin community always talked about how banks and the financial system was a scam, a global Ponzi scheme, whatever... Now everyone wants bitcoin to join that, so they can buy some lambos.

Anyway, this is also going to be good for bitcoin. This is the only way to mass adoption, I my opinion

[ralle14]

This is a bad news. The ETF would be a strong driver for BTC growing.

Last year ETF got rejected too but the price of Bitcoin went on and made a huge growth despite the rejection from the SEC. There's still next year  

Now I am looking at the crypto exchange markets. The price of Bitcoin is decreasing to $6300 (-2%). I guess this is just a beginning of the next dump. :-

This dump should be temporary though it's not the end of the world for Bitcoin. The worst price I expect after the rejection is $5900 we'll see if Bitcoin could hold or not.

[Vishnu.Reang]

I wasn't surprised. And I would advice these ETF promoters to move to some stock exchange markets in Japan or Germany instead. The SEC guys in the United States are retarded to say the least. They are still living in the stone age and they seems to be having an aversion to modern technology.

[lyfecoin]

I think it is too soon for approving bitcoin ETFs.It would have paved way for too much speculation and manipulation price.I think it is not the end and SEC will be discussing and consulting on a way forward  and hope SEC can frame regulations and allow bitcoin ETFs with some strict guidelines .

[mostkey]

This is not something crazy that can damage what Bitcoin has achieved, cases like this have become annual consumption for cryptocurrency users who have long been involved, but this is not ready for most new people and they are often surprised by decisions beyond their expectations. I only suggest using cryptocurrency as usual not affected by mass news that is often annoying and some cunning people want to manipulate prices, just imagine that this is not something bad but this is something extraordinary we can still have Bitcoin without interference from others and maybe people try to hold back and increase their value again.

[tanzaholzmann]

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.

it seems like I have to be careful with this, and after I hear this news, I become lazy to trade again, I don't like playing, it's not pure

[Kemarit]

LMAO. SEC is playing with our emotions 

This is a bad news. The ETF would be a strong driver for BTC growing.

Now I am looking at the crypto exchange markets. The price of Bitcoin is decreasing to $6300 (-2%). I guess this is just a beginning of the next dump.

I suppose that the dominance of Bitcoin will be reduced again to 45% and the altcoins will recover a little bit in the near future.

Do you really think that ETF's will make you rich? LOL. Why are you afraid about bitcoin's dominance? You saying that altcoins will be pump as a result of another ETF rejection?


Its no surprised that SEC rejected it and I don't think that we can see any approval in the near future. Market is really prone to manipulation and we can't deny that. If the market drops so be it, but I doubt that it can't recover. Bitcoin is very resilience and at this stage i don't think that something much worst can happen. So let's see how it goes in the next couple of days. 

[nicster551]

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.

Yep, all of those weak handed people will cry after it will happen, and those who strongly held everything will be rewarded in the end. But I really also hope that it will happen not any time soon because I need to accumulate more before that happens.

[BaeNaNa]

I don't expect it to get approved in the first place so this kind of news won't surprise me. Bitcoin will be fine without etf although the growth will be slower but it will be a great store of value and in the future a lot of people will use crypto. It's so strange to see a lot of people here expecting the etf to be approved, crypto is the future and they are just delaying the inevitable.

[deerlion]

Honestly, we don't need this stupid ETF. Bitcoin hit 20k last year without an ETF.  All we need is mainstream adoption and the support of the people.

[dandannn]

ETF rejection right now is the best thing that can happen.

If an ETF ever gets approved (which im sure it will at some point) it would be much better at the end of 2019, the earliest.

It was interesting however, that the news of the rejection has done little to hinder the price, it would seem past rejections caused quite a stir but already, ETF rejection is the norm in Bitcoin.

[carlisle1]

This is a bad news. The ETF would be a strong driver for BTC growing.

Now I am looking at the crypto exchange markets. The price of Bitcoin is decreasing to $6300 (-2%). I guess this is just a beginning of the next dump.

I suppose that the dominance of Bitcoin will be reduced again to 45% and the altcoins will recover a little bit in the near future.

Lol bitcoin. Price drops and grow this whole year so whats the matter on decreasing by 2% when it goes by double the next day

And beginning of the next dump is a damn idea,bitcoin will grow with or without ETF so i don't know whatsthe big issie about this one.lols

[drm]

Fuck yeah!

satoshi listened to my prayers?

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.

I wouldn't be so sure on that, bitcoin is supposed to be a currency, and if one bitcoin is worth like 100 $, then its not a good factor, it maybe good in terms of how it looks, but in terms of long term usability, its not.

BTC being worth 100k or more wouldn't be a problem and it wouldn't stop btc from actually being a currency, we have decimals to take care of that.

[Hell-raiser]

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.

Bitcoin futures don't affect bitcoin prices much (don't make an error of confusing cause and effect here) as these futures are cash-settled only and no real Bitcoin is involved in the process of settling at expiry. So what makes you think that allowing Bitcoin ETFs would be a game changer for the cryptoworld? Okay, let assume that these ETFs are allowed finally, and so what? Just letting major investors ("big fish" like pension funds) to enter this market "officially" doesn't mean that they will actually do so. Apart from that, no one can prevent private investors of any caliber (think Soros or Buffett here) invest in crypto but I haven't heard a good thing from them about Bitcoin and the company it keeps.