Quote from: Jekbolt on August 22, 2018, 09:06:50 AM

Quote from: Jolly_Trader on August 12, 2018, 07:50:30 AM

SEC has the right to postpone the adoption of the decision.

1) for 45 days in case more time is needed for studying
2) another 90 days to justify the rejection of the application
3) and another 60 days, if again more time is needed to study the documents submitted
Total 195 days

In addition, there is an application from another stock exchange NYSE Arch. SEC's conclusion regarding ETF should appear no later than September 21, as this decision was already postponed.

What does it mean? Most likely September 21, SEC will report a negative decision and the price of bitcoin will fall dramatically. The decision on the application of CBOE will be delayed again and again, but in the end a positive decision will be made, causing a rapid increase in prices.

All this means that we have not reached the bottom of 2018 Sad

I really want to be wrong, but logic tells me the opposite.

This is absolutely no matter what SEC will decide. The price is totally manipulated by big holders. All that you can do is to try to make trading decision based on technical analysis.

Well, why. This will affect the price. Negative decision - price reduction, a positive decision - price increase. But dont wait for the price to fly to heaven / moon.
In near future price of BTC will be in range $ 5000- $ 9000 depending on SEC's decision