Quote from: 1Referee on August 05, 2018, 02:56:49 PM

Quote from: andohyeb on August 05, 2018, 06:30:29 AM

I hardly think CBOE ETF will happen in this August. A friend told me it was denied by the SEC recently and that is the main reason why bitcoins declined below 8000 USD price recently.

It was the WV ETF that was rejected, not the one from VE & SX. Perhaps it's time to surround yourself with better friends.

Bitcoin seem to have declined because there simply is no demand around $8000 and soon we'll see how little demand there is around the $7000 level. Almost no one is active in this market aside from bots trying to outsmart each other, which indicates that bagholders are waiting for an increase, and those who were expecting an increase have bought themselves some coins already.

It would be hilarious if the SEC just because of the declining price would let the ETF come through. It will at least combat sell the news sellers, which was a problem last year with how CME went live during peak bull run levels.

the problem is ETF has created a lot of false hype in the market and since from the start there was little to no hope of SEC to approve any of the ETFs. this meant we never saw a big rise when the hype began and we are not seeing the money come back. which is why you think there is no demand.
investors are mostly waiting for this nonsense to be over because they know the market is going to react irrationally to ETF nonsense news!!!
now there are only newbies, whales and high risk takers in the market. it is not just bots!