SEC approves BlackRock's spot bitcoin ETF (FAKE!)

[DrBeer]

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Final global conclusion: the cryptocurrency market is extremely speculative, manipulative, and can "inflate" on any sound... As well as deflate
 On the one hand, it's bad... And on the other hand, what to hide, someone made good money for these minutes, not even hours.... In a word - watch, check, use the news, if possible, to make money !

[1714853618]

1714853618

[blockman]

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Final global conclusion: the cryptocurrency market is extremely speculative, manipulative, and can "inflate" on any sound... As well as deflate

Yeah, it's certainly speculative just as how it was described by many.

On the one hand, it's bad... And on the other hand, what to hide, someone made good money for these minutes, not even hours.... In a word - watch, check, use the news, if possible, to make money !

That's what trading is but it's unethical because when they manipulate the markets, they're all aware that there's someone from the other side of the world that's losing and that money of random guy that also trades goes to the winners. Anyway, this is actually what the market is, there will be losers and winners but if it's the normal and typical way of the market, that's fine unlike what these manipulation does.

[harapan]

The U.S. Securities and Exchange Commission (SEC) has approved the spot bitcoin-ETF from BlackRock. This is reported by Cointelegraph.

Against this background, bitcoin broke through the $29,000 level. Over the past 24 hours, the asset rose in price by 6.9%, in an hour - by 5.2%, according to CoinGecko. At the moment, the first cryptocurrency exceeded $30,000.

The Block Pro Headlines
@theblockupdates
*SEC, NASDAQ WEBSITES DON'T APPEAR TO SHOW A RECENT BITCOIN ETF APPROVAL - DESPITE RUMORS ON X - THE BLOCK PRO
https://twitter.com/theblockupdates/status/1713912444328825014


Cryptocurrencies breakthrough and victory or ?

The confirmation of the information is all that really means here now. Bitcoin Price increases  wherever a positive information  that supports  the rise and usage of Bitcoin.

Bitcoin today is back $28,724k. If United State Securities and Exchange Commission has approved,  Bitcoin proce should have pushed higher.

[DrBeer]

....

Final global conclusion: the cryptocurrency market is extremely speculative, manipulative, and can "inflate" on any sound... As well as deflate

Yeah, it's certainly speculative just as how it was described by many.

On the one hand, it's bad... And on the other hand, what to hide, someone made good money for these minutes, not even hours.... In a word - watch, check, use the news, if possible, to make money !

That's what trading is but it's unethical because when they manipulate the markets, they're all aware that there's someone from the other side of the world that's losing and that money of random guy that also trades goes to the winners. Anyway, this is actually what the market is, there will be losers and winners but if it's the normal and typical way of the market, that's fine unlike what these manipulation does.

Unfortunately, one can only come to terms with this fact. Any speculative and manipulative market generates profits for some market participants at the expense of losses of other market participants. There is no way to fix this, it can only be taken into account if you work in the crypto market.
And from here comes another, unpleasant problem, or rather a fact - cryptocurrencies actually have no real useful value. In the best case, their price includes the cost of mining equipment and electricity. You can only come to terms with this too.

[icalical]

Just googled the news and the top result is WSJ article denying the rumors, . Not only that one but many other articles also denying the rumor. I am pretty surprise that the rumor spread, and the market act on those rumor. I myself is still skeptical that SEC will approve any Bitcoin ETF in near future, they will at lease fight one or two more cases. But I guess most people already believe SEC has change their mind about Bitcoin, that they act based on false rumor.

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....

Final global conclusion: the cryptocurrency market is extremely speculative, manipulative, and can "inflate" on any sound... As well as deflate
 On the one hand, it's bad... And on the other hand, what to hide, someone made good money for these minutes, not even hours.... In a word - watch, check, use the news, if possible, to make money !

Every investment is speculative and most of them is manipulative, that's how people gain profit selling investment stuff to the next buyer.

[Antotena]

The confirmation of the information is all that really means here now. Bitcoin Price increases  wherever a positive information  that supports  the rise and usage of Bitcoin.

Bitcoin today is back $28,724k. If United State Securities and Exchange Commission has approved,  Bitcoin proce should have pushed higher.

Vanguard and Blackrock are the biggest holder of top shares and stock around the world. I expect bitcoin to move than the price they printed some days ago but it turned out that it was misinformation. Some people really want this ETF to be approved so that they can use it to pump bitcoin, not bad but we need to be certain so SEC will not use it against the approval process, one of the reasons why they have not approved the ETF spot is because they fear bitcoin market manipulation which they just proved the other day about this news.

[DrBeer]

The confirmation of the information is all that really means here now. Bitcoin Price increases  wherever a positive information  that supports  the rise and usage of Bitcoin.

Bitcoin today is back $28,724k. If United State Securities and Exchange Commission has approved,  Bitcoin proce should have pushed higher.

Vanguard and Blackrock are the biggest holder of top shares and stock around the world. I expect bitcoin to move than the price they printed some days ago but it turned out that it was misinformation. Some people really want this ETF to be approved so that they can use it to pump bitcoin, not bad but we need to be certain so SEC will not use it against the approval process, one of the reasons why they have not approved the ETF spot is because they fear bitcoin market manipulation which they just proved the other day about this news.

I think that against the backdrop of some "SEC failures" such as the case against Ripple, cryptocurrencies will see a "dawn" on the horizon. When the light of these changes will reach the mass acceptance and adoption of cryptocurrency - I will not say.
Now it is difficult to say what is happening and what affects the price of bitcoin, but now CoinmarketCap shows: $29.900/BTC or +5.63%.In any case - the market has "stirred", and we can expect more significant changes. SEC's recognition of BlackRock's bitcoin ETF will certainly give the strongest positive impetus to the market. We wait and hope

[KiaKia]

Even if the ETFs get approval it's still not a big win for retailers and investors in general, it is going to get ugly after this coming bull market, I am saying this because of Black Rock, by that time they will now tell people which asset is better to invest into than others, ETFs of cos and also they will take over the whole crypto market, am I the only reader of Black Rock past history on here?

Whatever Black Rock gets involved with always get trampled on by these organization, anyway maybe I am wrong but I am not willing to bet on being wrong, since this power organization is involved, I am so sure of it that all ETFs will get approved and this will start the next bull market hype, let's enjoy it while it last and do not forget to take profit.

I have my doubts that the opportunity today will be available in the crypto space by the next bear market, all because of all these ETFs and that of Black Rock out of all others.

[Tony116]

Even if the ETFs get approval it's still not a big win for retailers and investors in general, it is going to get ugly after this coming bull market, I am saying this because of Black Rock, by that time they will now tell people which asset is better to invest into than others, ETFs of cos and also they will take over the whole crypto market, am I the only reader of Black Rock past history on here?

Whatever Black Rock gets involved with always get trampled on by these organization, anyway maybe I am wrong but I am not willing to bet on being wrong, since this power organization is involved, I am so sure of it that all ETFs will get approved and this will start the next bull market hype, let's enjoy it while it last and do not forget to take profit.

I have my doubts that the opportunity today will be available in the crypto space by the next bear market, all because of all these ETFs and that of Black Rock out of all others.

I understand your concern, but one thing you need to accept is that whether you like it or not, ETFs will still happen, those are things we can do nothing but accept. Therefore, we need to take advantage of this opportunity to benefit ourselves instead of standing aside or resisting in vain. We want bitcoin to become popular and recognized by legal and government agencies, these things are inevitable. That's the price we have to pay if we want bitcoin to become mainstream and legitimate.

[Eternad]

Even if the ETFs get approval it's still not a big win for retailers and investors in general, it is going to get ugly after this coming bull market, I am saying this because of Black Rock, by that time they will now tell people which asset is better to invest into than others, ETFs of cos and also they will take over the whole crypto market, am I the only reader of Black Rock past history on here?

This ETF only affects US market not globally so I guess this is not that much ugly besides the number of crypto investors on US is still the minority and having fresh money onboard can give a huge impact to the market.

I’m not giving that much credit too on the approval of ETF but having one of them can make Bitcoin more friendly for general investors that still afraid to invest on Bitcoin due to the volatility. This ETF makes Bitcoin accessible to everyone that doesn’t want to venture on technology.

[STT]

The US market is available to everyone who wants, if the ETF exists there its likely duplicated elsewhere anyway but I think the funds placed into ETF traded in US could be from anywhere via company deposits and just normal personal access internationally.   For some reason they are doing their very best to resist allowing ETF, so I dont think near term we hear of it.

[DrBeer]

Even if the ETFs get approval it's still not a big win for retailers and investors in general, it is going to get ugly after this coming bull market, I am saying this because of Black Rock, by that time they will now tell people which asset is better to invest into than others, ETFs of cos and also they will take over the whole crypto market, am I the only reader of Black Rock past history on here?

Whatever Black Rock gets involved with always get trampled on by these organization, anyway maybe I am wrong but I am not willing to bet on being wrong, since this power organization is involved, I am so sure of it that all ETFs will get approved and this will start the next bull market hype, let's enjoy it while it last and do not forget to take profit.

I have my doubts that the opportunity today will be available in the crypto space by the next bear market, all because of all these ETFs and that of Black Rock out of all others.

It seems to me - you are "thickening the colors"
For the crypto market any positive changes are globally positive ! Plus you should realize that Black Rock is a global company with huge investment potential. And its investments in the market will be SIGNIFICANT for the whole crypto world. I would be more optimistic and consider the positive decision about BlackRock's bitcoin ETF a very good signal to the crypto world ! You can find negative components in any process, any process can lead to negativity in its implementation.... But for the crypto market, the decision of one of the key regulators in favor of cryptocurrencies will definitely be positive for the entire crypto world!

[Captain Corporate]

Even if its not approved, the price reacted like it was approved, well maybe when it actually does get approved the increase will be staggeringly higher than this but the increase since this news is also not nothing as well. I agree that any positive news is positive news, we shouldn't disregard the level of it, some say it would take it to 100k, some say it would be even more, some say it wouldn't even take to 50k, I say anything that makes it go up, is a good thing. And considering it took it a little up even without actually happening and just a wrong mistaken news, I would say that the real thing would take it up for sure, don't know how much but it would definitely get it higher, and that's a good thing.

[el kaka22]

There is nothing to feel sad about the guy who lost money while trading because whales manipulated the market. To be fair we are talking about a situation that is doing exactly what it says it does, and there is nothing shocking or unexpected here.

The whole point of bitcoin market is that it is volatile and it doesn't really do anything that would be a shocker for anyone, it is literally what this whole world is about and we need to end up with something that is a bit more decent here. At the end of the day, we are not going to end up with a result that would be unexpected, we know from the start that we could lose money and it is volatile and it could be manipulated. Anyone who joins this market, must be aware of what could go wrong.

[DrBeer]

Even if its not approved, the price reacted like it was approved, well maybe when it actually does get approved the increase will be staggeringly higher than this but the increase since this news is also not nothing as well. I agree that any positive news is positive news, we shouldn't disregard the level of it, some say it would take it to 100k, some say it would be even more, some say it wouldn't even take to 50k, I say anything that makes it go up, is a good thing. And considering it took it a little up even without actually happening and just a wrong mistaken news, I would say that the real thing would take it up for sure, don't know how much but it would definitely get it higher, and that's a good thing.

Forecasting the Bitcoin exchange rate is perhaps closer to “fortune telling by reading the coffee grounds”
The problem is that cryptocurrency has no real, economically justified value. The cryptocurrency market is speculative and manipulative, and the rate will be whatever the mood, investment, news... anything that can hype up the mood of buyers and holders of cryptocurrency. Lately I have heard forecasts of 50k, 100k, 250, and even 1 million dollars for Bitcoin. And... I believe that one of these predictions will come true - after all, manipulators want to make money! All that remains is to guess WHEN and what the peak will be

[Cookdata]

There is nothing to feel sad about the guy who lost money while trading because whales manipulated the market. To be fair we are talking about a situation that is doing exactly what it says it does, and there is nothing shocking or unexpected here.

The whole point of bitcoin market is that it is volatile and it doesn't really do anything that would be a shocker for anyone, it is literally what this whole world is about and we need to end up with something that is a bit more decent here. At the end of the day, we are not going to end up with a result that would be unexpected, we know from the start that we could lose money and it is volatile and it could be manipulated. Anyone who joins this market, must be aware of what could go wrong.

That makes me think of different possibilities of SEC games. We all saw what happened that day, how the release of the fake news was used to liquidate traders, sources said about $85 million was lost that very day because of Cointelegraph's unprofessional report. SEC will have another reason to delay it further because one of the reasons why they didn't approve ETF yet was because the Bitcoin market is full of manipulation and where is the lie from what happened 6 days ago.

Having an ETF mind be a game changer but the traders are more their gains, they want the ETF to have so they can exploit that as news to pump the price, no other reason than whale manipulation as usual and if this guys are not weed out of the market, the more I believe SEC will want to deny Bitcoin ETF because it is not going to happen anytime soon, halving is also coming, SEC will think people are going to use it as tool to pump their bags.

[franky1]

OP can you edit your first post. and put into topic [fake] or [error] or [misleading] or something..
to clarify your topic is not actually about SEC approving a ETF

[philipma1957]

OP can you edit your first post. and put into topic [fake] or [error] or [misleading] or something..
to clarify your topic is not actually about SEC approving a ETF

I agree I just looked and  was fooled into thinking the changed their mind.

Please correct it like franky1 has asked.


both his way or my way work.

Re: [misleading ] SEC approves BlackRock's spot bitcoin ETF = franky1

Re: [misleading not true] SEC approves BlackRock's spot bitcoin ETF = philipma1957

[STT]

For a second that was my first thought also and I already know the story
  Shouldnt be true but this is the echo chamber effect and yea its really important when repeating some misinformation or incorrect assumption its labelled properly.   People even in passing will pick up this headline and thats it, they'll be repeating or remembering the ETF was already passed.
   I saw a funny cartoon about this, some things while satire are really true and correct in how they do play out as the market is a very funny volatile thing, all markets really are now.  I cant think of a sensible market anymore, the world is saturated with speculative price action.

[dansus021]

False news But there is also good news to  there is dozen of a new report that the SEC is going to approve the Bitcoin ETF including "BlackRock CEO Larry Fink Calls Bitcoin Pump A “Flight to Quality”" - https://cryptopotato.com/blackrock-ceo-larry-fink-calls-bitcoin-pump-a-flight-to-quality/

or the recent news "JPMorgan expects spot bitcoin ETF approvals to come 'within months'"
The Securities and Exchange Commission will likely approve multiple spot bitcoin exchange-traded fund applications soon, given it did not appeal a recent ruling in the case brought against it by Grayscale Investments, according to JPMorgan.

"The timing of spot bitcoin ETF approvals remains unclear but should happen within months and most likely before Jan. 10, 2024, the final deadline of Ark Invest and 21Shares applications," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday. "This is the earliest among the various final deadlines faced by SEC across spot bitcoin ETF applications."

Last week, the SEC let its appeal deadline lapse in the Grayscale case, where the asset manager had won in court the previous month.

There is now "increased optimism for multiple spot bitcoin ETF approvals," the JPMorgan analysts said. Last month, the analysts noted that the SEC would likely be forced to approve spot bitcoin ETFs as a result of the court ruling. - https://cryptonews.net/news/bitcoin/27712619/