/ ETF Rejection Megathread /

Manipulation.

No it didn't. Kys pajeet for fudding.

Pushed to September 30th. Likely to be denied.

Dude don't speak too fast there

cnbc.com/2018/08/22/sec-rejects-bitcoin-etfs.html?__source=sharebar|twitter&par=sharebar

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The CBOE ETF has not been rejected yet.

yes it was

true, but there's no way it's getting accepted. Reasoning for current denials applies 100%

No it hasn't. It was moved to September 30th. The ETF's denied today were not associated.

No it wasn't retard. It's being decided upon by September 30th. But the reasons why it was rejected twice already still exist, and the SEC will reject that one, too.
The last 48 hours is exactly why the SEC is saying "NO" to crypto ETFs.

this kinda pisses me off because every market/asset that isn't big enough can be easily manipulated if some whale decides to maret buy/sell.
The kikes from the SEC should just come out and say straight up
>the market cap needs to be this big before we can approve it
and end of story

They did say that, stupid. Go read the documents on the SEC site.

Jesus, you fucking morons just run your autistic mouths on what you think is going on.

>being this in denial
kek

How big did they say it needs to be?

correct, but in the end the whole ETF thing is irrelevant, as Bitcoin and the whole crypto space need to gain mass adoption by providing real world use cases
until then, the crypto space is nothing more than a giant pnd casino

I predicted that the ETFs that got rejected today would be rejected.

My track record is a little better than yours, pajeet.

>assets require a use case in order to garner value
Damn that's bad news. Are you going to break the bad news to all those gold and collectibles investors?
>but gold does have a use case! Collectibles have aesthetic value!
The monetary value of those assets is almost entirely based on expectations of what other people will pay for them in the future. Don't be stupid

>Megathread

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bitcoin doenst need etf
etfs need bitcoin
whoever gives a shit about etf is a complete brainlet

Exactly. The whole idea is for BTC to very slowly kill off fiat, not become a government regulated security within that system. That just defeats the whole purpose of bitcoin in the first place

it will be based on this descision

Crypto will never replace fiat. If you think it will...well, someone has to be the last bagholder down to 0.

>whoever gives a shit about etf is a complete brainlet

So, most of /biz, two hours ago.

If I lose money contributing to my version of the future then so be it

You guys know GBTC is already a public BTC ETF right? None of this shit matters, these clowns can do it OTC if they really want to.

"Flushing dollar bills down the toilet means something!"

Literally what you're saying.

He doesn't know because he is just another faggot trying to pretend they are smart.

Anyone who wans't retarded could tell that they were going to be rejected. The only one that has a chance is the CBOE one and even then they are going to delay it to Feb. They at that time they will probably approve of it.

It's literally always been a ponzi casino. I was here in 2013 and fuck, people had hundreds or thousands of BTC. I felt like shit for only having a few. Several years later, I have a few, and new normies coming in have less than one. Now they're on the bottom of this ponzi pole. It will ALWAYS feel like a ponzi. It has NEVER felt like it wasn't.

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>Bitcoin and the whole crypto space need to gain mass adoption by providing real world use cases
just easier wallets and lower tx fees, baka

What’s despairing is it is probably a handful of people who own 90% of the supply and are directly responsible for the whims of the market. It’s why I laugh at the whole Bitcoin/Bitcoin Cash war, it’s like pro-wrestling, shit is all scripted. Jihan controls both markets and Cash just increases his wealth.

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