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Bitcoin didn't die, it is a just correction phase, this is beginning.
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Remember that the ETF is coming and will have a positive influence on the market.
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Institutional money is entering into the market, we just don't see it,
Because they are grabbing every dip. -
We can expect to start bull run in mid August!
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Patience is key in this game! We are going to the moon!
Bitcoin ETF Decision will NOT be on August 10
Certainly, already has heard from August 10, the date in which the SEC will decide its decision on a proposed Bitcoin ETF.
[ On June 26 the U.S. Securities and Exchange Commission (SEC) received an application from CBOE Global Markets for a bitcoin exchange-traded fund (ETF) license. ]
The approval of a bitcoin ETF could be great news for cryptography, that would move the price of BTC significantly and help protect shareholders against operational risks associated with investing in the asset.
Previously, it was suggested that the SEC would take its decision with respect to the proposal before August 10. However, it now seems that the date might not be correct.
Date left the notice from the SEC that States that a decision will be not less than 45 days from the date of publication in the Federal Register. The SEC notice was published on June 26, but that is not the same date was published in the Federal Register. The publication of the Federal Register only appeared on July 2, which means that the date for a decision is August 16. Even then, the date can be extended if necessary. An extension of 45 days is possible. This means that a decision is expected at the latest on September 24.
Soruce
Update 3 - 10 hours after publish
Somebody asks me some questions I think its questions is very important to understand the importance of the ETF Thanks You for asking Right Qustions
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Bitcoin didn't die, it is a just correction phase, this is beginning.
Answer: Bitcoin still major base currency and still #1 on coinmarketcap
Remember that the ETF is coming and will have a positive influence on the market.
Why? Explain the process how it impacts the prices
ETF an Exchange Traded Fund,
An ETF is a type of fund which owns the underlying assets such as shares of stock, bonds, oil Futures, gold bars foreign currency.. And now BITCOIN
The Etf Divides ownership of the assets into shares and shareholders have access to their portion of the profits!
ETF’s trade on exchanges such as
NASDAQ
$10 trillion market cap
New York Stock Exchange
US$ 21.3 trillion market cap as of June 2017
London Stock Exchange
US$6.06 trillion
Six Swiss Exchange
CHF 1,148 Billion market cap as of 2014
Hong Kong Stock Exchange
HKD 30.54 trillion (2017)
(Market cap source Wikipedia)
ETF trades like a common stock and are traded all day and this way bitcoin market get new attracting investors or prices fluctuating liquidity in the market once an ETF is listed on a stock exchange it is opened to thousands of traders
Mean put a fire under the bitcoin price :)
Most responses so far appear to be in favor of a BitCoin ETF. For example, President of LogicBox, Inc. Jeremy T. Goemaat writes:
I strongly support the listing and trading shares of SolidX Bitcoin Shares … This fund seeks to target high net-worth investors, so I do not see a risk to retail investors. To to [sic] contrary, I think and ETF that is backed by actual bitcoins versus futures, is much more healthy for the market and will provide more stability.
Travis Williams writes:
I suggest action be taken to start approving ETFs versus inaction which appears to be more damaging to investors.
Ryan Donohue writes:
We strongly urge that this ETF get approved to signal more businesses to get involved with more regulation and prove this market safe for everyone looking to get involved.
Institutional money is entering into the market, we just don't see it,
Because they are grabbing every dip.
2017 after rejaction Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies
https://bitcoinist.com/goldman-sachs-trade-bitcoin-futures/
In this wallet 48,000 Bitcoin Hold from last month i don't know why but still hold and there are many wallets who hold there coins in last few month
click here for blockchain
Keep your eyes peeled for news on ETF’s!
Update 4 - 2 day after publish
Hi guys so finally Bitcoin make a breakout and am getting strong bullish confirmations from here.
http://impax.club/pics/uploads/1/369/lvz1ie6urh2jwiv3.jpeg
As you can see in this chart above long term formation has broken and we see a huge spike in prices in last 24 hrs, Bitcoin jumped over $1000 and that's a huge gain.
absolutely not, probably that's the exact time to catch the train, don't just sit and cry that i missed the dips, Bitcoin is still undervalued, and for the next rally we need to confirm first, and probably that's the confirmation.
Remember guys nothing is financial advice here, your funds and decisions are your own responsibility, don't rely on others always do your own research.
The U.S. Securities and Exchange Commission (SEC) has received an influx of comments on behalf of cryptocurrency enthusiasts on the matter of the approval of a Bitcoin ETF. So far it's looking extremely favorable for an ETF!
Let's all get our comments in favour of this and show the unity of this space. Also, let everyone know once you've submitted your comment below. I'll leave the link to the website👇🏼👇🏼👇🏼
How to submit comments: https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm
Main website article: https://bitcoinist.com/sec-flooded-comments-bitcoin-etf/
Will wait to get your opinion ?
i am not a writer by profession i am basically a trader so when i was start this topic some people do down vote to me i am sorry if i hearts somebody with my this post.
Note: Cryptocurrencies are highly volatile, so please take care of your investments and always use stop loss orders to limit your loss.
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