Bitcoin misses out on $50k spike.

[jxAlpQWEnA]

"With ring from it’s recent low point of $5785 to a high this week of $8,430, crypto traders around the world were optimistic for a positive outcome over the approval of a much-hyped ETF that would mark the biggest step yet for digital assets moving into the centre-ground of mainstream finance.

However, yesterday's statement from the SEC pushed the decision back to September, and said: "The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change."

A bitcoin ETF (exchange traded fund) would allow people to buy into bitcoin without having to deal with online exchanges that suffer from credibility issues and lack of regulation.

In short, unlike a currency stored in an online wallet, an ETF is an investment fund which holds stocks, bonds, commodities or any basket of assets and traded on stock exchanges." 

Source - express.co.uk

[Kate]

8 hours ago, jxAlpQWEnA said:

 

A bitcoin ETF (exchange traded fund) would allow people to buy into bitcoin without having to deal with online exchanges that suffer from credibility issues and lack of regulation.

 

There is another way to do this and a safer way its called localbitcoins.com :). And now btc has dropped to 7.9k

[fcoesp]

 

9 minutes ago, Kate said:

There is another way to do this and a safer way its called localbitcoins.com :). And now btc has dropped to 7.9k

or virwox although the commissions are higher

[Kate]

18 minutes ago, fcoesp said:

 

or virwox although the commissions are higher

Well there is no commission in localbitcoins only when u deposit btc there is a 15k minus as fees 

[jxAlpQWEnA]

1 hour ago, Kate said:

There is another way to do this and a safer way its called localbitcoins.com :). And now btc has dropped to 7.9k

Oh thats interesting, I thought localbitcoins gave a 0.5% to 1% fee, will have to look it up. Thanks for your feedback though.

[wry]

There is no reason to assume that SEC approval would have pushed BTC to 50K.

In a way this is still good news, by not clearly saying no, now this potentially positive development is still over the market and future rumors may help the price, "Buy the rumor and sell the news."

Good Luck.

[Robin21]

Fud here Fud there.. we will see where btc will be in the next years🍀

[Kate]

32 minutes ago, jxAlpQWEnA said:

Oh thats interesting, I thought localbitcoins gave a 0.5% to 1% fee, will have to look it up. Thanks for your feedback though.

There is no fee it is just that when you deposit bitcoin they reduce 15k from the deposit