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10444516 No.10444516 [Reply] [Original]

So the SEC has once again denounced any ETF for Bitcoin or any cryptocurrencies, at all. The other 5 or so ETFs being proposed have not addressed or fixed any of the issues the SEC outlined with the first one. That pretty much means we're not getting a Bitcoin ETF, at all.

Why is nobody worried about this? This was the only way we were really going to escape a 4+ year bear market. Seriously what do we do now?

>> No.10444699

Bump. Is this it or not?

>> No.10444747

>>10444516
Check your sources mate. Also no idea where you get the 4year bear market from. Next bull is latest before the halvening

>> No.10444786

>>10444747
Been here since the end of 2016 but I just don't know if the halvening will be as big of a deal as I want it to be..
CME ETF was rejected, wasn't it?

>> No.10444802

>>10444786
You start a thread talking stupid shit yet dont even know what happened.

What are you

>> No.10444812

>>10444802
>What are you
Sad and confused.

>> No.10444825
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10444825

>>10444516
we know what's going to happen, we're just being quiet about it because we're all depressed.

>> No.10444830

What is the importance of SEC and ETF anyways? I honestly don't get it.

> This was the only way we were really going to escape a 4+ year bear market.

We have been in a bull market since 2008.
Most investors today are just late to the party.
A 4 year bear market would still extend into 2008-2022 bull territory directory.

>> No.10444834

>>10444516
Why are you talking out of your ass? The cboe etf hasn't been rejected and it addresses everything.

>> No.10444838

>>10444786
no?

that was the winklevoss etf that got denied the cboe one is still on the table

>> No.10444843

Lower highs .... lower lows ... it’s all the way down to 1k drone here amirite

>> No.10444845

>>10444516
>>10444699
>>10444786
>>10444812

ETF rejection denies onboarding of several trillion dollars of retail investment, hedge fund and pension fund investment.

What do you think the implications are?

>> No.10444855

>>10444516
>>10444699
>>10444747

>>10444444

>> No.10444871
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10444871

>>10444830
>2008-2022 bull territory directory

>> No.10444878

>>10444838
Problem is all the ETFs have the same problems as the one that got denied. They solve nothing. SEC would look very hypocritical and kind of corrupt to accept one now that didn't fix those problems.

>> No.10444882

>>10444516
The only thing important is halvenings.

>> No.10444883
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10444883

>>10444845

We went from 0 to 20k without any of that.
Why does it suddenly matter?

>>10444871

Bruh, its so hot my brain is melting gimme a break here.

>> No.10444893

>>10444883
You're wrong though. Our rise for A LOT of that was predicated on the promises that the ETF could finally be coming. Every single time a bit of hope that the ETF was coming sprung up, we surged up and then when it was rejected we crashed again. This is extremely consistent for BTC.

>> No.10444906

>>10444883
>We went from 0 to 20k without any of that.
>Why does it suddenly matter?

Exponentially larger market moves require an exponentially larger amount of money.

Getting an ETF will be the only way to move this market above 100K

>> No.10444951
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10444951

>>10444893

> Our rise for A LOT of that was predicated on the promises that the ETF could finally be coming.

Are you sure? Our last rally started when the WV ETF got REJECTED.
How could there be ETF anticipation in the weeks following a rejection?
Does not compute.

>>10444906
> Getting an ETF will be the only way to move this market above 100K

How do you get to this conclusion?

>> No.10445018

If no ETF it's still probably less than a 1 year wait for the bear market to end. Longest bear market was 636 days roughly. We've already done 7 months so less than year left if past trends say anything.

>> No.10445032

they haven't finished accumulating.

do u think they will approve ETF before the government has a sizable stack. they will prolong this as long as possible but eventually an ETF will happen.

>> No.10445035
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10445035

>>10444516
nobody cares, if people actually cared about the future of bitcoin and the technology they would be in bitcoin cash

>> No.10445052

>>10444951
>How do you get to this conclusion?

The question is, how can Bitcoin become more popular than it already is?

The trading threads over at Reddit have higher post counts than most front page threads

Searches for Bitcoin outperformed Trump, Kanye, Pokemon, pretty much anything and everything.

There has to be people who simply don't know about Bitcoin who have yet to make any investment to drive this price higher, and I just don't see how they can exist outside of people who are already on the internet.

The only way to reach people who are not tech savvy is via investment brokers, and this will require an ETF.

>> No.10445068

There was no new proposal from Winklevoss. The rejection was for the same old shit proposal from 2017 .

>> No.10445071

>>10445007

>> No.10445075
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10445075

>>10445052
>I just don't see how they can exist outside of people who are already on the internet.
nigga what, go to any place where normies hang and they don't have a clue what bitcoin is. at most they might have heard that there's this thing called "bitcorn" online and that some guy got rich from it. none of them have bought bitcoin. and they are all using internet every day of their life.

>> No.10445083

>>10444834
>The cboe etf hasn't been rejected and it addresses everything.

How does it address everything? The problem that the SEC had was that the market isn't mature enough, there is too much manipulation, and there are not enough protections. I don't know what, if any protections t he cboe etf has, but manipulation and maturity of the market certainly isn't going to magically change in a couple of weeks.

There won't be an ETF this year or probably a couple of years if at all.

>> No.10445092

The SEC rejected the Twins BTC ETF because they see them as unprofessional, irresponsible and immature

Whereas, CBOE are big hairy men that are golfing buddies with SEC and even eat lunch together

Now who you think BTC ETF will get approved faster?

>> No.10445102
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10445102

>>10444516
Day 1:
>Bitcoin will help me fight the evil government and their bank.
Day 2:
>pls help me, i need help,my bank account is empty because of bitcoin. I'm your citizen pls help.

>> No.10445191

>>10445075

There's a huge gulf between knowing what Bitcoin is and knowing how to buy it, where from, what cold storage is, what a trezor is, the difference between core and cash, it's actually a fucking nightmare unless you're balls deep in this and reading about it non-stop.

It might seem easy to you, but my parents, who have had a computer for 15 years and use it regularly, still cannot attach something to an email. I talk to boomers at work who know what Bitcoin is, but they don't fully understand it and certainly have no idea how to go and buy it. I don't blame them. I see a lot of people who write for investment blogs or tech blogs and even they don't have a full understanding of it.

There needs to be a much easier, direct way to get them exposure. Most of the people who could directly buy Bitcoin must have already done so. This is why an ETF is absolutely required to get us to higher levels.

>> No.10445205

>>10445052

> The question is, how can Bitcoin become more popular than it already is?

Hasn't this question answered itself time after time, through boom and busts from 2008 already?

> The only way to reach people who are not tech savvy is via investment brokers, and this will require an ETF.

Yet everyone can buy Bitcoin, even through ETN if they want to go that route (GBTC).
I am sure, adoption streamlining can be made in total absence of any institutional on ramps too.
It's becoming increasingly easier to invest and trade BTC every single day (even without ETF, or tech knowledge!).

>> No.10445491
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10445491

>>10445191
ok i know what you mean.

a little unrelated but im having a blast to on-board normies to crypto. they think it's so much harder to use than it really is, i just tell them to download the bitcoin.com app from the app store (20 MiB) and send them 10 cents worth of BCH as a demonstration. it always blow their minds over how simple and fast it is, just scan their QR code and boom, done.

if they are reluctant to download the app i just tell them that there's no signup required, that they dont have to create an account, and then they usually download it

>> No.10445570

>>10445075
I teach in a middle school and even the GIRLS here own some Bitcoin and talked about it, with no word from me obviously. You think nobody knows about this shit anymore but you're wrong.

>> No.10445588

>>10445092
You're a fool. The CBOE ETF addresses none of the CME ETFs problems. If the CME hadn't proposed first it would be different. But because they did, now suddenly accepting the other ETF with nothing changed would look horribly corrupt for the SEC. You're an idiot to not see this.

>> No.10445629
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10445629

I tried to warn fucktards like >>10444516 how governments are irrelevant for Bitcoin here: >>10429359

Yet of course, mongs don't pay attention and nontheless pay for it in form of panic selling.

>> No.10445656

>>10444516
1 of the etfs has a 200k per share by in and is thus firewalled from all but institutions and accredited investors. Add that it trades OTC and will be insured and you have not the same etf.

>> No.10445663

>>10445570
>having 50 bucks in Coinbase is owning Bitcoin

>> No.10445695
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10445695

>>10445491

>> No.10445716

>>10445656

What stops me from buying 200k or 20m in Bitcoin if I have the money in my bank account?
And doesn't Bitfinex and Coinbase already have OTC anyways?
(And probably other services too)

Still remain, very, unconvinced on the importance of an ETF.
It is way over hyped to aid market manipulation imo

>> No.10445724

stop relying on the SEC to make money you fucking cuck

>> No.10445737

>>10445083
>there is too much manipulation
not enough for futures contracts but too much for insured etfs?
the winklevii wanted their etf to be priced by their exchange price of btc - too easy to be manipulated. the cboe has a group of exchanges it uses for the spot price on it's futures contracts. the same that will be used for the etf. the reasons the SEC denied one etf and will approve the other etf are obvious.

>> No.10445749
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10445749

>>10445695

>> No.10445903
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10445903

>>10444516
I was thinking about this. Look at the panic with this fake news shakeout. This ETF bullshit is like the last hope people have. When this gets rejected we are going to plummet that will be final capitulation over the next few months. Ill either buy with the rally or the dip in August. No point in jumping in right now.

>> No.10445958

>>10445570
LOL. Stop the fucking lies. I know a bunch of guys and none of them own bitcoin. They know about it or want to get in but haven't actually bought. Girls don't give a shit about bitcoin unless you hangout with some weird nerdy girls.

>> No.10446021
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10446021

>>10445570
im just telling you if i go to the pub and start talking about crypto everybody will be completely clueless to what im talking about. i think your girls are an exception

>> No.10446044

Some good points some shit points. I agree with OP that reading these ETF proposals besides a few minor points it doesnt address the point about bitcoin being traded 24/7 worldwide with no regulation. Cant we all at least agree that if this CBOE ETF is rejected we will dump like no other and if it is accepted it will pump.

>> No.10446049

Winklevoss ETF got rejected again. There are multiple types of ETFs in the works. Just because Winkelvoss' got rejected doesn't automatically mean ALL ETFs will be rejected.

>>10444834

THIS.

>> No.10446216

>>10446049
Why was the Winkelvoss' ETF actually rejected and how does the other ETF solve these issues. That is the point I think OP is trying to make.

>> No.10446926
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10446926

>>10445749
>core matters any more than vercoin

>> No.10447116

>>10444516

actually are you all that stupid that you thought this is gonna happen.

It cant as long as the underlying value isnt insurable and garantueed.
Thats a fuckin good point from the SEC.

what you do incase the ETF losses access to some coins, or the get hacked.
you need a proper insurance for this case to issue something to the public.
But who the actual fuck would issue such a insurance contract, not way.