Ninjastic
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Board Economics
Re: Good picture to explain the ETF situation
by
deisik
on 11/03/2017, 12:31:46 UTC
Quote from: VanDeinsberg12 on March 11, 2017, 07:46:11 AM
Quote from: lordquanta on March 11, 2017, 05:59:33 AM
Quote from: traderethereum on March 11, 2017, 04:32:30 AM
Quote from: sunsilk on March 11, 2017, 04:28:36 AM
Quote from: VanDeinsberg12 on March 10, 2017, 10:35:42 AM
Quote from: sunsilk on March 10, 2017, 08:23:09 AM
If ETF will be denied, there's no need to see the price of bitcoin dropping. Whether it will be approved or not.

Still we will see the price of bitcoin to keep on increasing, bitcoin is created that way as long as there are new comers that will invest.

And if there are people that will keep on using it, ETF will just make a small difference but of course I want it to be approved.  Grin
I guess the approval by SEC is the little part of the bitcoin journey. And i think i don't like the approval caused by it seems like just a business. So more money will flow to the bitcoin and the twin winklevoss will take the advantage by the SEC approval with a lot of the partnership in the future. and they will become billionaire and currently they're millionaire.

There's no need to hope anymore, the decision is simply denied. Let's move on and keep the fate and believing the price of bitcoin to pump.

I expected this to happen and many holders did panic selling I will sorry for them. Too bad that they loss a lot of potential profit.

Let's get back to reality and now hope the price will pump before the year ends.

if the decision is really denied, then its better we continue from what we do and gets prepare for anything that will happen in future, we need to watch and learn about what will happen in the market and i think that we can see a little panic from the traders like last night when we see the price is getting pump so high.
The decision is rejection and it caused correction. This is indeed good lesson for all those who were believing price is going to moon just because of ETF. Hopefully some ongoing correction will continue and market will stay positive.
What's correction? It caused by the SEC is believe if all of the business and the service are running on the bitcoin ecosystem is purely illegal and there is no legal aspect of the bitcoin ecosystem. And the SEC try to ignore the bitcoin eth caused by that reason. We will need a long time again to get more countries be accepting bitcoin

You seem to be heavily exaggerating it

The SEC declining the ETF proposal essentially means that they don't want the money of lay people to enter Bitcoin. In other words, they consider Bitcoin too risky and speculative as of yet. It is no use making a mountain out of a molehill here. This decision doesn't in the least make Bitcoin illegal or anything to that tune. I suspect that if it was illegal, the SEC wouldn't even accept the application for the ETF approval in the first place. So you can get some comfort in the fact that they did consider this application after all and didn't throw it out the window right off the bat