How will the SEC affect the market after on September 30?

[Dimon8]

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

[butka]

Another SEC meeting? Good for them. I can only imagine what they are talking about on their meetings:

SEC member 1: Should we approve the bitcoin ETF now?
SEC member 2: Did you all accumulate enough BTC as we discussed earlier? After we approve it, the price will rise and we can all sell off and retire early.
SEC member 3: I still need more time. Let us postpone it for another month or two.
SEC member 1: Okay, decision made. We will discuss it next month again. In the meantime, hoard more... and well ... HODL

Joking aside, who cares. They will do what they have to do, and Bitcoin will still function as it is supposed to.

[Slow death]

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

No ETFs Until 2019? The SEC Has Been Taking Its Time

They postponed for next year, so wait next year.

Joking aside, who cares. They will do what they have to do, and Bitcoin will still function as it is supposed to.

They postponed for next year

[charlotte04]

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

It will really have a big deal since a lot of people are really waiting for ETF to approve Bitcoin because they said that it may pump the price with it and so people now really rely on it to happen.

[Farma]

we can't confirm that yet, because that hasn't happened yet. but for now, there are no signs of being harmful, even bitcoin prices are starting to rise. well, maybe almost all crypto users have moved on from that, but that is all we can see at the end of this month.

[semes]

I don't even want to consider the ETF denial. If there is another rejection, the market may not meet it well. I hope he gets confirmation. If it's confirmed, we could be over 10K at a time.

[LeGaulois]

I already forgot about the SEC long ago, I don't care in any way. I am pretty sure in 2019 the majority of people from here won't remember the postponed decision nor what is an ETF lol. Move on, with or without the SEC Bitcoin will still be here

[lendahawkins]

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

if you up to date with the news you shold aware that etf are once again postponed into 29 december and SEC could delay it again until febuary. I believe etf decisions will affect the market significantly and we might reach 500 billion marketcap in the middle of next year.

[ndico]

Another SEC meeting? Good for them. I can only imagine what they are talking about on their meetings:

SEC member 1: Should we approve the bitcoin ETF now?
SEC member 2: Did you all accumulate enough BTC as we discussed earlier? After we approve it, the price will rise and we can all sell off and retire early.
SEC member 3: I still need more time. Let us postpone it for another month or two.
SEC member 1: Okay, decision made. We will discuss it next month again. In the meantime, hoard more... and well ... HODL

Joking aside, who cares. They will do what they have to do, and Bitcoin will still function as it is supposed to.

Haha  this really made me laugh, I just thought about it for a while and found out that it might be, before they will make a decision, they might bought enough BTC or probably inform their close ones about the decision, whatever the outcome will be, I will be watching the market very closely this time around.

[bobo012]

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

It will quickly become irrelevent, same as china bans bitcoin. It will get old. We dont need etf, and people will soon expect sec to delay etf decisions or rejects, so it will be a no event.

[1Referee]

I don't even want to consider the ETF denial. If there is another rejection, the market may not meet it well.

The market is over it. It's pretty clear with how the market gave no shit about how the SEC yet again used its 'right' to delay their decision. It's time for people here to accept it and move on, because the only thing you're basically doing is wasting a ton of time for nothing.

I hope he gets confirmation. If it's confirmed, we could be over 10K at a time.

Really? We will demolish the $10,000 level without any sort of artificial help. It will happen next year while we march towards the block halving and people suddenly realize that they better directly start buying before missing out. I strongly believe that 2019 is the last ever year we'll see the price hover below the $10,000 level.

By the time noobs finally get their ETF, the market has gone up to such degree already, that the only logical market reaction is a massive sell the news correction. Good luck with that!

[gabmen]

September 30 will be the next consideration of the issue of taking bitcoin-ETF. How can ETF deviation affect the market? And how can the adoption of ETF affect?

I doubt there's going to be any major effect especially in the bigger picture. Perhaps excitement from some people could pump the price a little if it gets approved but nothing major.

[Kprawn]

The SEC decisions is becoming a side show for the speculators.    You will find that they are using the SEC decisions as a

hype tool to increase the price and with every proposal they are making small profits. So we should forget about these SEC

decisions and just focus on growing this network naturally, like we did before the SEC. Also, the SEC only represents the USA,

not the rest of the world.  

[Chrisjay29]

I think nobody knows what happen if the sec approve bitcoin etf. Some other says whales are gonna more rich and poor will be more poor if the bitcoin etf approved. The other says after the bitcoin etf approve all crypto market will be pump. But if the solution is bitcoin etf then why they took so long if this is the solution of crisis in crypto. This is mean that bitcoin will huge effect of the world economics thats why they didnt just approved it.

[frowsiter]

Another SEC meeting? Good for them. I can only imagine what they are talking about on their meetings:

SEC member 1: Should we approve the bitcoin ETF now?
SEC member 2: Did you all accumulate enough BTC as we discussed earlier? After we approve it, the price will rise and we can all sell off and retire early.
SEC member 3: I still need more time. Let us postpone it for another month or two.
SEC member 1: Okay, decision made. We will discuss it next month again. In the meantime, hoard more... and well ... HODL

Joking aside, who cares. They will do what they have to do, and Bitcoin will still function as it is supposed to.

Lol.

This is most funny and valid response I have ever read over the forum and its pretty convincing that why we should be caring much about the SEC design if we can still look at the market in the similar ways as it was earlier. These all meetings and discussion is just an illusion of our eyes and we should be really overlooking them. The fact is, its us who makes up most of the market and if we are going to get diverted with such news then we will surely end up at bad situation and may see crypto fall in front of our eyes. The more we drag ourselves into it the more they will be happy about it. Thats clear by now. They need months to take a decision on the thing which is running since decade now? Wtf to that!!

[goodluck0319]

I believe there will be a rejection of ETFs again because people are not yet ready for such a turn of events. it would be too good for the market

[Mr.grin]

I believe there will be a rejection of ETFs again because people are not yet ready for such a turn of events. it would be too good for the market

well, we can only be prepared with the worst possibility. hoping that even with the SEC, there are not so many crypto users expecting it. but still we look forward to the best decision this year. well, hopefully the price will be higher.

[RBEP-RBC]

I believe there will be a rejection of ETFs again because people are not yet ready for such a turn of events. it would be too good for the market

well, we can only be prepared with the worst possibility. hoping that even with the SEC, there are not so many crypto users expecting it. but still we look forward to the best decision this year. well, hopefully the price will be higher.

The SEC will get there eventually. They can't stop an ETF from happening forever.

That said, I'm not convinced SEC approval of an ETF is the windfall people all expect. There will be a big jump initially but until the ETF starts to genuinely amass significant assets, there won't be any LT affect on the market. More important is adoption and usage by the wider masses, not a single investment vehicle being approved.

[CaptainKid]

It seems to me that a lot of attention and great importance is attached to this decision by the SEC, is the market so dependent on it?

[Gabteb]

Some day sooner or later they would accept it more and more companies want it so its like BTC in early stage gov wanted stop it but it was impossible same is here.