BITCOIN MOON-TARDS GET REJECTED
REJECTED! The SEC said NO to the bitcoin ETF proposal (COIN). The price had a #JustBitcoinThings dump and then bounced with a series of liquidations on the way back up. The Winkelvoss twins have been trying to get approval for the ETF since 2013. Why did the SEC say no?
Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated. Therefore, as the Exchange has not entered into, and would currently be unable to enter into, the type of surveillance-sharing agreement that has been in place with respect to all previously approved commodity-trust ETPs—agreements that help address concerns about the potential for fraudulent or manipulative acts and practices in this market—the Commission does not find the proposed rule change to be consistent with the Exchange Act.
A lot of bitcoiners were outraged at the decision and had moon retard dreams of bitcorn at 10k USD this year. They had been reading all of the crypto rags that use RSS feeds to get their news ideas from other sources and had bought into retard moon. UNFAIR!
Some people claim the disapproval is a feature not a bug. That since the goverment can not guarantee control over some aspects of bitcoin they are unwilling to approve an ETF.
The ETF was denied because bitcoin can't be regulated, can't be surveilled.
Feature, not bug.
— Andreas (@aantonop) 10. März 2017
If the SEC had approved the ETF chances are high there would be a positive spin and more retard moon talk than ever. A win-win for bitcoin!
The Day After
The price has held strong and not totaly dumped. Alts have shown some increase in volume and things are more or less “back to normal” at least normal for high leveraged trading and shitcoin exchanges. People might complain about the dumps, forget about the pumps and complain all day about “asshole whales” that are manipulating the price. What do they think would have happened with the ETF approval? Bitcoin goes to the moon and whales would short and cry. This is the distorted narrative that many play in their head over and over as they live in a bitcoin cloud surrounded by crypto rag news sites that just watch their RSS fees of other news sites to piggy back the news. If you are getting your info from these crypto rags you might want to think about that.
ALERT ALERT !!! BITCOIN HAS BEEN Infiltrated!! BITCOIN HAS POOR PERFORMANCE THAT IS WHY IT IS DUMPING!
HOLD THE PRESSES! THE INFILTRATORS DIDNT GET THE ETF APPROVED! BUT BITCOIN IS CONTROLED BY BORGSTREAM, BANKS AND IS INILTRATED BY BANKS! IT IS ALL CLEAR NOW! JUST WATCH THE VIDEO “WALL STREET STAMP OF APPROVAL” THIS GUY REALLY KNOWS HIS SHIT!
If anyone has a chart of the bitmex future (COIN) used to bet on the ETF approval then please contact me.