Etf decision

[jamids]

This essentially means that there is no hype surrounding ETFs anymore after all these rejections. Since markets didn't get hyped up in the first place, there was no emotional impact when the postponement hit, meaning that prices did not move downwards. Not sure if this rebound was at all related to this SEC decision, or just a natural adjustment up from the $6k support.

It's actually good that the market is not hype when it comes to waiting for the decision of the ETF. In the past when the ETF is rejected, it has greatly affected the prices but now, instead of people being affected by the delay again, the price has done the opposite in which the price went up which is good news but still, we should always have a price target so that we can avoid losing huge amount just because we are too confident of the current market.

[Pursuer]

This essentially means that there is no hype surrounding ETFs anymore after all these rejections. Since markets didn't get hyped up in the first place, there was no emotional impact when the postponement hit, meaning that prices did not move downwards. Not sure if this rebound was at all related to this SEC decision, or just a natural adjustment up from the $6k support.

It's actually good that the market is not hype when it comes to waiting for the decision of the ETF. In the past when the ETF is rejected, it has greatly affected the prices but now, instead of people being affected by the delay again, the price has done the opposite in which the price went up which is good news but still, we should always have a price target so that we can avoid losing huge amount just because we are too confident of the current market.

I think that may be partly because people are now starting to realize that SEC will continue postponing their ETF decision as long as they can which is a couple of months into 2019 based on what I read before and that basically means those who were hoping for a drop due to the rejection don't have that hope anymore and aren't going to wait for it to happen. so we may see them slowly come back to the market and buy back. hence the rise.

[aencarnaci]

Any ideas the time of the sec decision on etf approval for direxion tomorrow ? Approval or rejection ?
I'm on the side of rejection

To be honest, I really do not care. Whether it gets approved, or it does not get approved, whichever way the market will still always remain doing its thing and we have been good without ETF anyway. If it gets approved, no shit, we would see how the approval gets to help the space, not like i expect anything much anyway, and if it does not, then that is theirs as I really do not think we should be focusing our attention on things that are not that important at this stage as there are so many more important things to focus on than ETF.

Its likely to be rejected anyways, The main reason is that the market is really prone to manipulation and that is the first indication that SEC is looking for. So I doubt that ETF's will be approve anyways. Everyone is really waiting for the Van Eck/Solid X Bitcoin ETF proposal, others say it will make or break this market.

I am sure he is trying to find some optimism with the approval but really who cares? I still have no idea why people are paying a whole lot of their attention on the fact that ETF approval could mean something. Sure, it may usher in some money into the space, but in the real sense, it does not change the fact that, even without it, the market will definitely keep growing as it always has and the market cap over the years will end up increasing more than it is now.

[cellard]

This essentially means that there is no hype surrounding ETFs anymore after all these rejections. Since markets didn't get hyped up in the first place, there was no emotional impact when the postponement hit, meaning that prices did not move downwards. Not sure if this rebound was at all related to this SEC decision, or just a natural adjustment up from the $6k support.

It's actually good that the market is not hype when it comes to waiting for the decision of the ETF. In the past when the ETF is rejected, it has greatly affected the prices but now, instead of people being affected by the delay again, the price has done the opposite in which the price went up which is good news but still, we should always have a price target so that we can avoid losing huge amount just because we are too confident of the current market.

I think that may be partly because people are now starting to realize that SEC will continue postponing their ETF decision as long as they can which is a couple of months into 2019 based on what I read before and that basically means those who were hoping for a drop due to the rejection don't have that hope anymore and aren't going to wait for it to happen. so we may see them slowly come back to the market and buy back. hence the rise.

I believe 2019 is a bit too premature still. I give it 2020 for the ETF, which will make the Tim Draper 2020 prediction of $250,000 accurate. After we hit that, who knows? Maybe even McAfee's prediction becomes a reality. He has until December 31th by 2020. Remember that when BTC was at $20k, the prediction was 296 days ahead of the McAfee prediction curve, let alone the Tim Draper one.

https://bircoin.top/

You can check it out here and configure it with Draper's prediction too. It's definitely doable with the ETF. Without the ETF it will take a couple years longer.

[zazarb]

I'm not sure when exactly etf will happens again, but it seems that the schedule of etf applications runs upto Feb 2019 as far as I know, so by the end of this month, a decision should be made. But I think we dont get an approval.

[aqila baruroh]

why do you think like that? what is the reason you are on the rejection side? we should remain optimistic, because if the ETF is approved it can lift the price of bitcoin.

[oriontab]

No one can tell yet as the SEC is collecting inputs from the public at the moment, no indication yet. It might interest you to read the article below, My guess is that we are likely to see an approval maybe by December or early next year. Canada already has sometime going on for them as regard a frame work for institutions to invest in bitcoins, may be SEC will copy from them.

https://theicojournal.com/sky-high-cboe-source-expectation-for-the-van-eck-solid-x-bitcoin-etf-approval-remain-a-near-certainty/
https://www.bloomberg.com/news/articles/2018-02-07/canada-s-first-blockchain-etf-launches-amid-bitcoin-volatility

[gabmen]

I'm not sure when exactly etf will happens again, but it seems that the schedule of etf applications runs upto Feb 2019 as far as I know, so by the end of this month, a decision should be made. But I think we dont get an approval.

Well approval or not, it's probably going to make very little difference. They might as well apply that to ripple since it's bank backed anyways. It's advisable to keep your expectations low if you're ecpecting a price surge if we get a result.