Re: Will SEC approve BITCOIN ETF ?

Quote from: pokermoney8686 on November 08, 2018, 05:06:53 AM

If Sec accept Bitcoin ETF , we can expect the huge bull run for the market .
What do you think ? Will Sec accept bitcoin ETF ?

I think you don't know much about Crypto Currencies and what Crypto Currencies are, even if the Securities and Exchange Comission approves the Bitcoin ETF there is no assurance that Bitcoin will make a huge move or a bull run will occur because Crypto Currencies like Bitcoin are decentralize and no one or nobody controls it. Even if there are a lot of positive news about Bitcoin there will still no assurance that the price will rise and no one knows exeactly when will the price of Bitcoin rises again just like the huge move in 2017.

Quote from: Pursuer on November 08, 2018, 05:53:46 AM

no, SEC will most probably reject this ETF and any new ETF in the near future for about a year or two and will not change their stance against bitcoin and its ETFs anytime soon.

and no even if they approve this ETF there will not be any "big" bull runs because you can not change the trend with a simple news. what you can do is that the news can speed up the process. for example now we are in a fixed trend of accumulation then soon after a small rise followed by testing of resistance. and then we have bull run if the resistance is broken.
what positive news can do at this point is that it can speed up the accumulation to reach its end and the "small" rise to begin.

I agree with you, I do think that the SEC will not accept any Bitcoin ETF's as long that there are manipulations that are happening which they have a solid grounds to oppose the approval of Bitcoin's ETF. Even if SEC approves or not approve the ETF proposals for Bitcoin, Bitcoin will still continue and just like the past 10 years of its existence.