SPdiginomads (OP)
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September 17, 2018, 04:56:48 AM |
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We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved? And SEC will find time to review again the disapproved proposals for it to be overturned? Are you favor of ETF’s? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
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No Gods or Kings. Only Bitcoin
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franky1
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September 17, 2018, 05:48:54 AM
Last edit: September 17, 2018, 06:02:30 AM by franky1 |
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the SEC dont want little boys to have first mover advantage. so holding them off while the big institutions prep is the gameplan
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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vfrcbv91
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September 17, 2018, 06:20:30 AM |
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I think the SEC is rejecting bitcoin ETF because it wants to create panic in the market. It makes no sense for them to abandon ETFs because then they lose potential profits.
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mangsitin
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September 17, 2018, 06:55:51 AM |
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I think the SEC is rejecting bitcoin ETF because it wants to create panic in the market. It makes no sense for them to abandon ETFs because then they lose potential profits.
Yes, I also think like that. According to the SEC why they reject all ETFs proposed by the Winklevoss twins they reasoned that the risk of market manipulation & fraud. The SEC can only approve ETFs that are designed to prevent fraudulent and manipulative actions and practices. so I thought it was just a tactic to make the Bitcoin market panic, so it made Hraga fall and they bought at a cheap price. |
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Pursuer
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Where is my ring of blades...
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September 17, 2018, 07:28:45 AM |
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the more I find out about ETF the less I want it to happen.
what I understand so far is that something like ETF is best suited for things such as gold that you need an intermediary when you want to invest in it. for instance gold ETF makes it easier and more convenient for people to invest in gold but not store gold itself.
but what is the point of bitcoin ETF? nothing I can think of! bitcoin is something that you can buy and store and use on your own. the whole idea of it was that you never need a third party ever again. but now we are introducing a third party to use to buy bitcoin and not hold bitcoin itself but something like an IOU instead of it! that doesn't make sense to me...
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Only Bitcoin
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Juggy777
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September 17, 2018, 07:36:19 AM |
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We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved? And SEC will find time to review again the disapproved proposals for it to be overturned? Are you favor of ETF’s? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
Hey Etfs are an investment tool used by many investors to hold assets which they can't hodl directly, like gold. When it comes to Bitcoins Etf Sec has a perception that people will manipulate it to make money, and common investors could suffer. Here I disagree with them as it's not possible to manipulate Bitcoins prices, yes we do see pump and dump but we don't see it everyday. I'm in favor of Bitcoins Etf as it'll increase the inflow of money in Bitcoins, which will result in higher adoption and greater sentimental value, many people who are not comfortable to hodl it directly, can now own it, and they won't need to fear of hacks or theft. Hence I support the idea of Bitcoins Etf. |
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Panasony
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September 17, 2018, 07:51:36 AM |
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Why does the SEC always refuse Bitcoin ETF proposals for similar reasons? The SEC is clearly targeting the fraud and manipulation of the cryptocurrency market. Phishing and manipulation are two of the biggest problems that Wall Street and large financial institutions like the SEC have a bad view of the crypto market. Actually, Crypto Traders are trading in a market. There is no law, no one to manage, create conditions too convenient for the house, shark and hacker raging. The SEC's mission is to protect the safety and fairness of investors, and they control most of the traditional financial markets. In the crypto market, they have no control, because Bitcoin trading is anonymous and can not be stopped. Regardless of whether the SEC controls the Bitcoin ETF, any non-viable Bitcoin (BTC) transactions can still be made, and anything out of control is better than refusing from the beginning.
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SPdiginomads (OP)
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September 17, 2018, 10:06:15 PM |
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the SEC dont want little boys to have first mover advantage. so holding them off while the big institutions prep is the gameplan
And it creates panic to the society. Perhaps HODL is still the best option |
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Docnaster
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September 17, 2018, 10:13:13 PM |
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They're not going to accept Bitcoin ETFs for as long as Bitmex is around. I think that Bitmex might even be the entire reason why the market is in as bad of a state as it is now, the shorts are completely wrecking cryptocurrency and incentivizing the bears!
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SPdiginomads (OP)
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September 20, 2018, 12:00:59 PM |
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They're not going to accept Bitcoin ETFs for as long as Bitmex is around. I think that Bitmex might even be the entire reason why the market is in as bad of a state as it is now, the shorts are completely wrecking cryptocurrency and incentivizing the bears!
@Docnaster As what the Bitmex CEO Hayes stated, “I think at the end of the day that the SEC wants to keep people interested in the financial markets and if retail continues to ask for these particular products (ETFs), at some point they are going to have to approve one of them”. We are still looking forward on the brighter side.  |
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tegarp90
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September 20, 2018, 02:42:34 PM |
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We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved? And SEC will find time to review again the disapproved proposals for it to be overturned? Are you favor of ETF’s? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
Next etf proposal held on september 30th. It might be the strategy of the whales to make the price down before the bull run. I'm still sure this year there will be a big bull run anytime soon |
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Sandus_Cryptolover
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September 20, 2018, 02:56:04 PM |
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We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved? And SEC will find time to review again the disapproved proposals for it to be overturned? Are you favor of ETF’s? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
I feel it's just an intentional act to discourage weak hands to dump their assets at ridiculous cheap rate so that they could collate them in large number then get the ETF approved for them to enjoy the benefit |
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TravelMug
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September 20, 2018, 03:30:04 PM |
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We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved?
Prone to market manipulations. And SEC will find time to review again the disapproved proposals for it to be overturned?
That's what they say recently if I'm not mistaken. They will review but I doubt that they will overturn it. Are you favor of ETF’s? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
Not in favor because it might bring us problem in the long run. We might even see the price go down again after the hype has died down. It might bring influx of new money, but the question if it can be really sustain? |
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Wall_Streeet
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September 21, 2018, 12:15:27 PM |
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this is an exit to large buyers of bitcoin, so they need to be protected and create all conditions convenient for transactions
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renes
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September 21, 2018, 01:11:42 PM |
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I think the SEC is rejecting bitcoin ETF because it wants to create panic in the market. It makes no sense for them to abandon ETFs because then they lose potential profits.
Bullshit, every profit comes with a risk, it will definetely be accepted but now that rejection has nothing to do with such speculations, I think it is overhyped because speculators want something to play with market. |
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absurde
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September 21, 2018, 01:23:30 PM |
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We have to be patient, still Sec asking some public feedbacks from ETF. I think it willl be more better for future, crypto market needs reliable and solid infrastructure.
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DarkBullet
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September 21, 2018, 01:35:44 PM |
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That is to be expected since cryptocurrency is still maturing. Those fraudulent activities on ICO and manipulative acts on trading are the reasons why SEC still in consideration how will they proceed with ETF request. I also read an article just today that the Financial Action Task Force (FATF) is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies. Once that happen, I might say that it will act as a support for ETF's approval from SEC.
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ecnalubma
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September 21, 2018, 01:46:10 PM |
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This matter is just creating panic, money grabbers will always find a way to take advantage on the market. ETF's is not the only way for growth in this space, crypto industry is going to be massive and its not going anywhere.
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mimienamphine
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September 21, 2018, 02:04:48 PM |
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I am confused now and do not know which side to take about bitcoin etf issues.It looks like SEC is also confuse about which side to take so they are whiling away time maybe it will help them to arrive at a conclusion about this matter. It appears to me that SEC knows the right thing to do about this decision but they are only beating about the bush.Only time will tell what is likely to come out of this delay they came out with yesterday. Postponing the decision to 29th December ,will that be enough for them? And if yes will they accept it when the figures all clear that bitcoin can be ETF? These are questions in my mind though but with or without ETF,bitcoin forever lives on.
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tegarp90
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September 21, 2018, 02:28:32 PM |
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We have heard a lot this days of BTC ETF proposals disapproved approximately 9 of them a total.
What lies behind ETF proposals why is it always disapproved? And SEC will find time to review again the disapproved proposals for it to be overturned? Are you favor of ETF’s? I find it overwhelming because BTC stand long enough on crypto sphere and has its own way of growth through the years to come. Any thoughts? It would be appreciated!
Found a rumors that will postponed for 180 days. But i don't know it's true or no. And i heard news too, ETF will be held on 30 september |
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