Bitcoin ETF

Thoughts on the upcoming decision on this?

Winklevoss ETF got rejected and people are saying the CBOE one will be delayed. So sell now/before the decision and buy back later?

Attached: CBOE_rgb-400x132.jpg (400x132, 36K)

sure, do it

Yes OP, as they say, sell the rumour buy the news.

>upcoming
>in 2019
the absolute fucking state of crypto autism

Its priced in. Good news are priced in.
If its approved people will take profit and dump part of their bags and re-enter.
If its negative they and all rest will dump it hard...

>Good news are priced in
>are

if its approved 100k btc

What illiterate retards don't understand is that Winklevoss didn't even update their proposal. It was just an appeal on the same old proposal from 2017.

The market is going to go sideways up and down all at the same time until the decision is announced at a date that is either in the present past or future at which point the market will go either sideways up or down all at the same time at which point you will proceed to lose gain and have no change to your net worth.
enjoy.

No ETF will get approved anytime soon. SEC argued that the market itself is prone to manipulation. So nothing wrong with the ETF but the market itself. If like the construction plan for a house bein rejected not because they are flawed, but because the foundation on which the house is to be built is not solid enough to be trusted. No no matter how good your ETF-construction plans are, as long as crytpo markets are the manipulated wild west they are today, no ETF will get approved.

tl,dr: The ruling was the worst case scenario. Short btc harder than you fuck your selfmade sponge & latex glove fleshlight.

You're right that no ETF will be approved anytime soon, but demand will still grow a lot especially if this trade war becomes a currency war, shorting now is stupid.

So then why did they approve ETFs for gold even though it's also a manipulated wild west?

Cause it was USA-owners centralized.
"Insiders" were the one controlling it, they play they win.

They do not control btc at all, I would even say they are probably doing a favour to asia accepting the ETFs.

I thought the ETF decision would be mid august? What happened? Was this it?

No there are like 5 different ETF proposals. Each one has an independent decision. Winkybros got theirs rejected. Still more to be decided on.
It's expected that one will be approved between 16th Aug - 16th Sep

Is it not damning that the winklevoss one was rejected? Which ETF proposal is expected to succeed and how is it different to the winklevoss one?

This is a good question given the reason they rejected the winklevoss one was due to market manipulation

how would you stop market manipulation in BTC?
What could a fund do to stop it ?

CBOE request will be approved but not in 2018... Q1 or Q2 2019, if you really believe BTC will rise and actually be used in the next 2-5 years, then now and the rest of 2018 is good time to slowly accumulate

Audit tether

its been audited
(they) don't like winkyboys, they've made enough money and have their fingers in enough pies already. Exchanges etc.

Theres a hedge fund that recently bought the largest domestic btc mining company in the US, they've quadrupled down and are still buying btc ~$50m worth
On an investor tour they basically showed me proof that the ETF will be approved.
But I might be larping, you'll find out soon enough.

Plot twist, NSA devved the algo behind btc. It is ((their)) game and an ETF will be approved.

could you elaborate on this or provide links?

Just because Winkle Voss got denied doesn't mean anything

Actually the new decision date for the 5 big ETF proposals is September 21. They’ll be granted and the bullrun begins from that point on.