Quote from: olubams on December 11, 2018, 06:24:37 PM

Quote from: Epokicecool on December 11, 2018, 06:01:20 PM

So we all knew the SEC were going to delay the ETF decision again, however this will be the last time they can delay it, and a decision will be made sometime before February 2019. How do you guys think this will affect the price of btc and crypto overall. Will it have as strong impact as last year when the big guys jumped the future train?

Whether they decide to approve or not, it does not have any effect if everybody in the market is just going about their business. The decision itself is not a determinant of the direction of price but the reaction of people to it. Based on current phenomenon, I don't are any major shift on price should SEC approval even happen now or in the near future.

I do not think so. All the candles we have seen so far are the reflection of human psychology and most of the time significant developments do not pass without affecting the price. The SEC's statement is one of them that everyone has been waiting since August. Bitcoin will certainly recover but I do not think the decision will be ineffective.