Quote from: Xcandol on September 20, 2018, 08:39:29 PM

Any ideas the time of the sec decision on etf approval for direxion tomorrow ? Approval or rejection ?
I'm on the side of rejection

To be honest, I really do not care. Whether it gets approved, or it does not get approved, whichever way the market will still always remain doing its thing and we have been good without ETF anyway. If it gets approved, no shit, we would see how the approval gets to help the space, not like i expect anything much anyway, and if it does not, then that is theirs as I really do not think we should be focusing our attention on things that are not that important at this stage as there are so many more important things to focus on than ETF.

Quote from: Baofeng on September 20, 2018, 09:49:22 PM

Its likely to be rejected anyways, The main reason is that the market is really prone to manipulation and that is the first indication that SEC is looking for. So I doubt that ETF's will be approve anyways. Everyone is really waiting for the Van Eck/Solid X Bitcoin ETF proposal, others say it will make or break this market.

I am sure he is trying to find some optimism with the approval but really who cares? I still have no idea why people are paying a whole lot of their attention on the fact that ETF approval could mean something. Sure, it may usher in some money into the space, but in the real sense, it does not change the fact that, even without it, the market will definitely keep growing as it always has and the market cap over the years will end up increasing more than it is now.