SEC November 5th

[exstasie]

I found an interesting article about this here: https://hackernoon.com/cboebitcoinetf-53992ec38a70

According to them there may be a price surge for bitcoin between 76% and 318% (similar to what is was for gold).

That's pretty silly. Gold was in a raging bull market before the ETF was approved. There's no evidence the ETF caused those gains.

Bitcoin is definitely not in a bull market, so the comparison to gold doesn't apply. Even if it did, Bitcoin and gold have very different supply/demand dynamics. The gains could far surpass 318% in the case Bitcoin.

I doubt we'll see an ETF anytime soon. Give it a couple years.......better to have it launch in a bull market anyway.

[Bezobraznike]

It seems a lot of people are optimistic for a SEC go ahead on ETFs but I think that they'll decline the applications once again, as you said - the fact they're still considering previous applications is promising and I think we'll see one accepted sooner rather than later. I think there are some signs of bullishness in the market but until certain resistance levels are broken the market should still be considered bearish.

   I`m not an expert, but can someone clarify things for me, what SEC have with the crypto-world outside U.S.?
People talk like it will give some legitimacy cause it coming from U.S.
   Eventually they will accept crypto-currencies, it will just be in their terms, in the way it`s suitable for their
government, but people forget one thing, crypto-currencies are alternative to that kind of systems around the
world, why would we wait their permission, who is waiting for that anyway, I don`t.

[MFahad]

SEC will close the comments on CBOE ETF on November 5th, after this day they can reject, postpone or deny the ETF, in your opinion what will happen? if the ETF is rejected BAKKT will be able to push the prices up?, we have to keep in mind that the SEC is still analyzing all rejected ETFS again, is that a good sign? The next 3 months are the most important in the history of Bitcoin and it can start a new Bull Run, I'm almost having a stroke with this novel, Bitcoin more than 10K until December? share yours thoughts.

I heard CBOE ETF to be announced on Feb next year?  Anyways regardless of the decision, i think Bitcoin and digital currency are here to stay. They might get a temporary dump or backward push, but all in all, bitcoin will move up regardless of the SEC decision.

[exstasie]

I`m not an expert, but can someone clarify things for me, what SEC have with the crypto-world outside U.S.?
People talk like it will give some legitimacy cause it coming from U.S.

It probably would give cryptocurrency some legitimacy. Regulator approval is a big sign of legitimacy for mainstream and institutional investors, particularly in a financial hub like the United States.

But it won't make or break anything. If the SEC never approves an ETF, Bitcoin will keep trucking on like nothing ever happened.

   Eventually they will accept crypto-currencies, it will just be in their terms, in the way it`s suitable for their
government, but people forget one thing, crypto-currencies are alternative to that kind of systems around the
world, why would we wait their permission, who is waiting for that anyway, I don`t.

I'm definitely not waiting for their permission. I think a lot of coiners are just antsy and greedy and hoping for a catalyst that will pump their bags. A lot of people think we need good news for price to rise; I think we just need time.

[olubams]

SEC will close the comments on CBOE ETF on November 5th, after this day they can reject, postpone or deny the ETF, in your opinion what will happen? if the ETF is rejected BAKKT will be able to push the prices up?, we have to keep in mind that the SEC is still analyzing all rejected ETFS again, is that a good sign? The next 3 months are the most important in the history of Bitcoin and it can start a new Bull Run, I'm almost having a stroke with this novel, Bitcoin more than 10K until December? share yours thoughts.

And today is November 5 in my own time zone while in some other places, it could have been November 6 and yet, I have not seen any significant change to price of bitcoin as a result of this SEC decision. I have come to realize that crypto enthusiasts are even the one that cause the panic that happens in the community. SEC commissioners have probably made the decision at the point of submission while they postpone in other to satisfy all odds while we are here speculating and panicking over ready made decisions.

[hashshashin]

Honestly, I have not heard that the SEC decision will be today. It would be great if this decision is positive and could affect the change in trend. If the decision is transferred again, the situation will not change.

[Lighthouze]

Feelers around the space is that of sheer optimism than that of assurance, and personally I see the SEC postponing announcements once more,a and this may be accompanied by a little dump. Fingers crossed and may the best happen

[buyinbtc]

Honestly, I have not heard that the SEC decision will be today. It would be great if this decision is positive and could affect the change in trend. If the decision is transferred again, the situation will not change.

The problem is that I am almost certain that the sec will not say anything at all. Neither accepting the etf nor delaying it. The reason for that is the fact that the decision has to be commented AFTER the 5th of November. Don't know what is all the hype about. After 5th of November can be in a day, a week or a year. If the sec doesn't announce anything in a week my prediction would be a small dump.

Link where it says that the decision has to be after 5th:
https://ambcrypto.com/bitcoin-etf-fate-to-be-decided-by-the-sec-after-november-5/

[Kemarit]

I found an interesting article about this here: https://hackernoon.com/cboebitcoinetf-53992ec38a70

According to them there may be a price surge for bitcoin between 76% and 318% (similar to what is was for gold).

Let's hope they're right and bitcoin will start to skyrocket like it did last year

The Gold comparison threw me off. There's no way that we can see a price surge that high. Bitcoin investors are smarter than we think, and there's no way that they will just put their money on the market because of ETF's, in my opinion.

It will be the case of wait and see attitude. As I have said, they matured enough to distinguished what is FOMO and when to take profit at the right time. I'm not saying it will not push the price, but its hard to overcome the current sentiments that we have. Investor gets tired "waiting" for SEC to approve/disapprove the ETF's and the excitement has waned down.

[lolgato1]

So, it was approved or not, or when some info should be avaiable?
I cant find any information about that, also no information on cryptopanic website.

[evforster]

For a while now, I have never really had the impression that ETF is any driving factor for the market at all, except that people are probably just looking for a means to at least attach the market movement to something. However, the SEC decision on the ETF is going to end up coming into play, I know the market will still end up doing whatever it wants to do.

I know a lot of people are anticipating to see the market take a movement eventually, but for now, I am beginning to actually tend towards the bull irrespective of some of these news, in as much as fundamental is not even something I will consider as something to look at much any longer, but one way or the other, I know we will just have to wait and see how things will turn out anyway.

[waqasniaz007]

SEC will close the comments on CBOE ETF on November 5th, after this day they can reject, postpone or deny the ETF, in your opinion what will happen? if the ETF is rejected BAKKT will be able to push the prices up?, we have to keep in mind that the SEC is still analyzing all rejected ETFS again, is that a good sign? The next 3 months are the most important in the history of Bitcoin and it can start a new Bull Run, I'm almost having a stroke with this novel, Bitcoin more than 10K until December? share yours thoughts.

There are so many other things coming, Bitcoin is looking bullish here and also Christmas is coming up next month so with hype of BAKKT ETF  hopefully we can see 10k.

[lolgato1]

I think that it was fake news, the deadline for VanEck/SolidX is Dec 29, with possible delay to Feb 27.
So, again, we have to wait.

[NeuroticFish]

Honestly, I have not heard that the SEC decision will be today.

5 November was only the deadline for public comments. Sometime after that date SEC will come to a decision.
Also, it's not about the VanEck/SolidX ETF, it's about the 9 ETFs (Direxion, GraniteShares, ProShares) they rejected and then decided to re-review them.

[paxmao]

... just I wait for their decision...

The thing is that it is much more profitable if you can time well your buys with these news. I have a positive feeling... a couple of days of strong greens in many coins and many people are expecting a good decision.

[cryptocrusher]

I`m not an expert, but can someone clarify things for me, what SEC have with the crypto-world outside U.S.?
People talk like it will give some legitimacy cause it coming from U.S.

It probably would give cryptocurrency some legitimacy. Regulator approval is a big sign of legitimacy for mainstream and institutional investors, particularly in a financial hub like the United States.

But it won't make or break anything. If the SEC never approves an ETF, Bitcoin will keep trucking on like nothing ever happened.

They have nothing directly to do with crypto away from the US, just many countries look to the US as an example, as well as it being one of the largest global markets. Bitcoin is already on a negative footing in China, if it can gain more legitimacy and support in the US that will help out some. I don't see any significant price movement on either decision, perhaps a panic buy or sell either way but then a return to the normal pattern.

[Harrisonimo]

SEC will close the comments on CBOE ETF on November 5th, after this day they can reject, postpone or deny the ETF, in your opinion what will happen? if the ETF is rejected BAKKT will be able to push the prices up?, we have to keep in mind that the SEC is still analyzing all rejected ETFS again, is that a good sign? The next 3 months are the most important in the history of Bitcoin and it can start a new Bull Run, I'm almost having a stroke with this novel, Bitcoin more than 10K until December? share yours thoughts.

I am also very optimistic about the bitcoin and cryptocurrency market bull run. It is about ten months already in the market dip; the bull run is very much around the corner! The bitcoin can possibly hit the 10k$ mark in no time by December.

[Cocesstraable]

In recent months only their name is spoken, but we could not see a movement. Now I am starting to think that they act like this to keep the price constant. I don't care what their decisions will be, just I wait for their decision. Already the last price will be what we want.

The thing is that only their name will be spoken, but I doubt even if we see any rejection, postponement (which is the side I am drifting towards anyway), or acceptance, I am pretty sure the market will somehow still find a way to react on its own.

We have been hearing this over and over again for a while now, and with all that has been going on, I feel our pre-empt to that area is becoming too boring already, and however the market wants to come, at this point, I doubt if anyone will really care.

SEC has been dragging these for a while now, and it is no longer anything new and once something has happened over and over again with the market not really being affected hugely as a lot of people keep saying, I doubt if this should even be any factor worth looking at.

[cryptocrusher]

In recent months only their name is spoken, but we could not see a movement. Now I am starting to think that they act like this to keep the price constant. I don't care what their decisions will be, just I wait for their decision. Already the last price will be what we want.

The thing is that only their name will be spoken, but I doubt even if we see any rejection, postponement (which is the side I am drifting towards anyway), or acceptance, I am pretty sure the market will somehow still find a way to react on its own.

We have been hearing this over and over again for a while now, and with all that has been going on, I feel our pre-empt to that area is becoming too boring already, and however the market wants to come, at this point, I doubt if anyone will really care.

SEC has been dragging these for a while now, and it is no longer anything new and once something has happened over and over again with the market not really being affected hugely as a lot of people keep saying, I doubt if this should even be any factor worth looking at.

Any result or price movement in either direction will be of our own doing. People keep on up about the SEC and how ETFs will save us that it will just lead to a big wave of FOMO if the SEC do approve any ETF. There won't be any rapid organic growth, even if one is approved it will take some time to actually be set up and begin trading.

[Juggy777]

Honestly, I have not heard that the SEC decision will be today.

5 November was only the deadline for public comments. Sometime after that date SEC will come to a decision.
Also, it's not about the VanEck/SolidX ETF, it's about the 9 ETFs (Direxion, GraniteShares, ProShares) they rejected and then decided to re-review them.

I was one of those who fell for the trap of believing that it was 5th of November when Sec would declare the fate of those 9 ETFs, I was way to excited to read the fine print. Well now that time for public comments has passed away I think it'll take few weeks till we hear from the Sec, I believe the sentiments from the public has been positive but my question is will it be enough to change Sec initial verdict.