September 30, 2018 - SEC ETF Ruling

[bitbabba]

 I don't think they will approve but at the end, eventually they will approve an application. So not need to worry a lot.

[Lizzyflower]

The SEC is becoming something else, if they want to approve this ETF, they should just go ahead with the approval and if they are not doing it now, they should give strong reasons for their decline. I just want this market to go smoothly with or without ETF.

[pixie85]

let's see what happen. Waiting for that time when a good time will come for us. But I think ETF will not give us much hope. Although I do not know much about this topics so, I have to know more about this.

I think that they will postpone it again. Some institutions are still creating their coin portfolios and they know that approving the ETFs would end the bear market. They will dfo what they can to make the bear market last until 2019 and the SEC can help them achieve it by approving CBOE in the last possible term which is March 2019.

[pooya87]

we have once again entered a big manipulation stage where price is not normal anymore. i believe that there aren't that many speculators left in the market either. there is mostly bots and the  day trading whales trying to increase their wealth and accumulate as much bitcoin as they can at this stage.
luckily the bottom buy support at $6k has proven to be very strong and we have been shown time and time again that whenever that level is reached there is a big surge of buy orders indicating the investors existence on the side lines waiting for a clearer market before jumping in.

[Baofeng]

Are you kidding me? Postcards? It wouldn't make any sense to do that.

And as @pooya87, have said, price manipulation has took another turn. We all know that weak hands has left already specially newbie traders. However, I believed what's left is speculators and day traders who will jump in the minutes they saw potential to make profits. Whales will be whales, they are going to manipulate it whatever they can to serve their own purpose.

We might see another postponement though. So it this happens expects the price to go deep again. Better prepare and make the necessary adjustments, so you won't get disappointed if SEC delays or reject another Bitcoin ETF proposal.

[leavolnhals]

Bitcoin seems to be rallying this month due to the high hopes associated with the SEC possibly agreeing with the pending ETFs.

I think I should be quite positive about VanEck-SolidX this time.

Do we send postcards to the SEC this month? Will it make any difference?

I think it was too late. Because the SEC has declined Bitcoin in the past few weeks. They can not accept the way the market works and the way Crypto operates. so they can not join and protect us. That is a bad thing for investors like us.

[HE[A]RTLESS]

i think hopeless

too fast too SEC pass ETF

but next year maybe it good time

[Lankabc]

most of crypto currency community members don't believe that SEC will approve ETF. Even I don't think that it will happen. i like it cos then there won't be any hesitation. price will go back to 3000 a stage where people will started to buy which means will see next bull run in this year.

[Zalaster]

Perhaps this will affect the cost of bitcoin a little, but I do not think it's worth waiting for a sharp increase in value. Although many experts argue that by 2020 the cost of bitcoin will not be less than $ 45,000

[Rishblitz]

what's wrong with etf? why do many people say if etf is accepted then the price of bitcoin will rise??

[CryptoHaris]

The SEC is not really considering any new applications, because they already came up with a good excuse to deny all applications. They do not want anyone to manipulate the Bitcoin price and this is what they are using as an excuse to deny all applications. So, until VanEck-SolidX or anyone else figure out how to prevent or to stop price manipulation, we will see the same excuse being used.

The only method to do this is to only use US exchanges to determine the price of the ETFs and no global exchanges. 

+1 to you.

Needed all your views on this and I feel that this is way it is gonna be.

[figmentofmyass]

And as @pooya87, have said, price manipulation has took another turn. We all know that weak hands has left already specially newbie traders.

i'm not so sure about that. back in 2014 and 2015, the price slowly bled until weak hands capitulated in a high volume selloff at the bottom. this time around, we never saw a high volume capitulation (yet).

i think the weak hands are still with us. we'll see how it all plays out.

We might see another postponement though. So it this happens expects the price to go deep again. Better prepare and make the necessary adjustments, so you won't get disappointed if SEC delays or reject another Bitcoin ETF proposal.

plan on it. the SEC spelled everything out---nothing is getting approved until the underlying market changes.

[Bytem3]

I think it's a good time to buy Bitcoin right now due to the upcoming SEC ruling on 30th of September. In case it gets accepted it's gonna fly!

CoinCodex recently featured Bitcoin as #1 coin to watch this week due to the upcoming SEC ruling:

https://coincodex.com/article/2307/top-3-coins-to-watch-sep-9-sep-16-2018/

[tranle1267]

i think that quite possitive the ETF will approve, if this will happen, the price of altcoins will have fluctuations, and bitcoin will pump agian.
everyone now has trusted about bitcoin then they will see and hope this event success.

[lillyann]

I don't know, I think it's hopeless. They haven't taken etf before, so why should they change their mind now?

I agree. Why would they suddenly change their minds. In fact, time will show because it's hard to say anything.

[ZazaG7]

I don't figure ETF will get endorsed by SEC they were simply playing with the bitcoin costs and at last they will hope to dump the costs again so we don't need to think yet about ETF's endorsement this can assist us with staying far from their trap.

[tranle1267]

the fact i don't what will happen if the ETF is not approve, the price of bitcoin will dump or something worse, but i hope and have a little positive that ETF will be approve, the price of bitcoin pump again and reach a good price than now.

[davhek]

I really hope they will grant it but honestly, I can't see that happening until we get some regulations first. However, this a good step forward to it.

[Juggy777]

Bitcoin seems to be rallying this month due to the high hopes associated with the SEC possibly agreeing with the pending ETFs.

I think I should be quite positive about VanEck-SolidX this time.

Do we send postcards to the SEC this month? Will it make any difference?

I'm not sure if they'll approve on September 30, but in the long term there're chances it'll be approved. As we'll know three out of five on the board of sec are pro bitcoins enthusiasts, they'll make sure to find a way to approve them. In the last hearings they said they were not filed properly, also there is a sudden wave of interest and optimism that it'll be approved, let's hope for the best.

[coolcoinz]

I really hope they will grant it but honestly, I can't see that happening until we get some regulations first. However, this a good step forward to it.

I think that they won't approve it. I'm almost certain that they will keep buying time and postpone the ruling.
They still have time and they will want to extend the verification period to make the potential bear market last longer. If there's a lobby group influencing the sec, they also want to buy more cheap coins before ETF gets approved.