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SEC has not approved Bitcoin ETFs [fixed]

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Re: SEC has not approved Bitcoin ETFs [fixed]

#511

Post by mekster »

Workaccount2 wrote: post #149
dcolkitt wrote: post #49

The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.

Who cares about $25bn? These guys hacked the SEC, made huge announcement tweet, and only got a 3% move from that. More over, they only had a 10 minute window to close whatever positions they had before BTC crashed through it's pre-hack price. There is a fair chance that they actually lost money on this play, lol.

This wasn't a pump and dump. If they wanted to, they should've posted about a rejection when it was 95% surely going to be approved and with a long squeeze happening along the way, they could've easily gotten a 10% movement down and back up.

Re: SEC has not approved Bitcoin ETFs [fixed]

#512

Post by rpz »

dang wrote: post #510
rpz wrote: post #449

Earlier quoted context omitted.

[flagged]

Yikes—you can't attack another user like that, no matter how wrong they are or you feel they are. We have to ban accounts that do this, so please don't do it again. If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it.

[flagged]

Re: SEC has not approved Bitcoin ETFs [fixed]

#513

Post by hanniabu »

0x457 wrote: post #498
hanniabu wrote: post #475

Earlier quoted context omitted.

> SEC's twitter isn't SEC. So whoever is using the account is committing fraud

Did you read the SEC's official disclaimer about their social media account that I've conveniently copied and pasted here? I guess not.

They said to only believe what's on the official Twitter account

Re: SEC has not approved Bitcoin ETFs [fixed]

#515

Post by tomcik »

paulpauper wrote: post #46

Yeah this is really bad for BTC longs. now it will probably be delayed. it's obvious that there is too much fraud and manipulation.. The SEC cannot in good conscious allow an ETF to protect investors (yes, ETFs which have lost all value like UVXY have been approved). Whoever did this furcked over wall street and these funds. Wow. never a dull moment.

[dead]

Re: SEC has not approved Bitcoin ETFs [fixed]

#516

Post by Forgeties79 »

alchemist1e9 wrote: post #429
eli wrote: post #374

Earlier quoted context omitted.

1) that’s very rarely the most important feature to me and 2) no it isn’t. Moving crypto around is fast but I don’t want crypto, I want money I can spend. USD -> crypto -> USD is not fast. There are faster ways to send money you can’t spend.

I have a crypto debit card I can fund as needed and spend anywhere. In fact for me it’s faster and easier than any bank. It can be sent to anyone in the world and with a stack of a few different crypto debit cards can be spent immediately in pretty much any country in the world with their local currency. Yes currently the exchange fees are not great on those cards for exchanging to fiat, but the trend is down and imp…

If you’re using a crypto debit card than you’re layering the cost of a standard bank transaction on top of the cost of crypto. That just sounds like extra steps to do what I just did with my debit card at the convenience store 5min ago - which took seconds as well and required no steps to convert currency or load up from a wallet/exchange. I’m just not entirely sure what using your crypto debit card accomplished beside spending a currency that takes more work to utilize.

Re: SEC has not approved Bitcoin ETFs [fixed]

#517

Post by ionwake »

drbacon wrote: post #367
ionwake wrote: post #355

Earlier quoted context omitted.

Good point, but arent there only like 2 forked coins with any value? BCH and bitcoin gold? I think thats it.

Even Bitcoin SV is at $90 per coin, for a 90 thousand percent gain. $1,111 of Bitcoin in 2010, would net you $1M today in Bitcoin SV alone, even if you gave away your Bitcoin, Bitcoin Gold, and Bitcoin Cash.

I like your vibe but basically no one bought bitcoin back in 2010

Re: SEC has not approved Bitcoin ETFs [fixed]

#518

Post by alchemist1e9 »

Forgeties79 wrote: post #516
alchemist1e9 wrote: post #429

Earlier quoted context omitted.

I have a crypto debit card I can fund as needed and spend anywhere. In fact for me it’s faster and easier than any bank. It can be sent to anyone in the world and with a stack of a few different crypto debit cards can be spent immediately in pretty much any country in the world with their local currency. Yes currently the exchange fees are not great on those cards for exchanging to fiat, but the trend is down and imp…

If you’re using a crypto debit card than you’re layering the cost of a standard bank transaction on top of the cost of crypto. That just sounds like extra steps to do what I just did with my debit card at the convenience store 5min ago - which took seconds as well and required no steps to convert currency or load up from a wallet/exchange. I’m just not entirely sure what using your crypto debit card accomplished besi…

I have no counterparty risk, no confiscation risk. There are no extra steps, I don’t understand what you mean, moving funds to a bank or debit card at a convenience store is massively more complicated.

I open a wallet app and the paypal app, copy the deposit address from paypal to the clipboard, paste into the wallet, type the amount, hit send. 5 seconds later paypal receives it. With one button I swap any portion of it to USD on the paypal app. I do this in large enough amounts so the crypto TX fees are insignificant to get into paypal, and the conversion fees are also small.

Any extra fees are more than covered by the long term appreciation of the Bitcoin, which will obviously continue as governments worldwide are drunk of their own power to print.

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