$10,000+ is perfectly possible in a post-ETF era

[BillyBobZorton]

And please, understand that i don't mean that the price will immediately pump to $10,000+, im just saying that if the SEC approves ETF (and it will, if not on 11th, then the next time, it will happen eventually) we will see new, never seen before, streams of money coming into bitcoin.

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this. Once people get gains with that, it will spread, everyone can get in with no technical knowledge about bitcoin in a safe, regulated way. So all those old millionaires, or your regular person that just wants to hold BTC but isn't really sure how to do it, will be able to get in thanks to the COIN shares. Of course I personally recommend people to learn how to buy and hold actual BTC, but we can expect everyone to do that and COIN will be 'it', the missing link to get the average investor that is not into cryptography/computer stuff. This means potentially billions of increase on the marketcap. With some time price going x10 is perfectly plausible. How long it will take? I don't know, but it opens the door for that possibility to happen.

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[york780]

I agree with you that we will see an significant rise when its aproved. But it will not happen in march. So we we will see an significant dump in march. And i am fully prepared But when it is aproved we will see 10k easily within a year.

[LoyceV]

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this.

It's like buying "paper gold": if you can't hold the gold in your hand, you don't own it! The same with Bitcoin: if you don't own the private key, you don't own the Bitcoins.
Bitcoin isn't like any other share. What if the ETF managers mess up and "get hacked"? It happened to various exchanges. What makes you think this ETF will be any different? And why would you trust them with your money in the long term?

Don't get me wrong, I like the idea, but I have some reservations. I can also use the same argument in favor of the ETF: what if you lose your own private key? What if your wallet gets stolen? What if your own computer gets hacked and the hacker takes your Bitcoins? This has happened much more often than exchanges getting hacked, and a centralized ETF could protect your own Bitcoins when you fail to do so.

I can't respond to your $10k prediction, that's possible with or without ETF, just like $100 is possible. There is no upper and lower limit, only a combination of chances, greed and fear.

[manselr]

I agree with you that we will see an significant rise when its aproved. But it will not happen in march. So we we will see an significant dump in march. And i am fully prepared But when it is aproved we will see 10k easily within a year.

What makes you think that we will see a dump? You think it will not get approved? Let me remind you how Brexit happened against all odds, and Trump happened against all odds too...

So don't be so sure, if you short you may lose your coins quick.

[york780]

I actually believed that brexit and trump would succeed. In the coming days we will see that the market will prepair for march. So expect an high volume in the coming days. Isnt that exiting

[mainpmf]

I just... Don't understand why they would approve ETF.

Well after I'm a newbie in economy so it's perfectly possible I'm wrong, but I just don't get why they would accept it.
What's even the point in fact?

[European Central Bank]

I just... Don't understand why they would approve ETF.

Well after I'm a newbie in economy so it's perfectly possible I'm wrong, but I just don't get why they would accept it.
What's even the point in fact?

why would they not? what do you think?

i think the main reason why it would be a no is that bitcoin is still too young and sketchy, but there are some real weird etfs out there already.

they're in the business of protecting investor interests. if enough investors want it, and i don't think that's the case at this stage, then their duty is to look into a way of letting get exposure in a safe manner.

[Kprawn]

Most of the old timers in Wall street with the huge cash reserves will not invest once the ETF is approved. They will wait until the price goes down

after the hype and then start buying. I see a small spike to $2000+ and then a sudden dump and then a steady climb upwards as the old timers

climb on board. 

[1Referee]

Most of the old timers in Wall street with the huge cash reserves will not invest once the ETF is approved. They will wait until the price goes down

after the hype and then start buying. I see a small spike to $2000+ and then a sudden dump and then a steady climb upwards as the old timers

climb on board.  

If you're referring to the elite with hundreds of millions (perhaps even billions) of investment capital per person, then they will just laugh at current price and its volumes. If they and institutional investors massively jump into Bitcoin by pumping hundreds of millions into ETF's, it will be their play toy, where current major Bitcoin exchanges will be degraded to fun/hobbyist services. It's of course pure speculation, but if this happens to become reality, then we will look at $2000 how we right now look at $200. Peanuts.

[The Sceptical Chymist]

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this.

It's like buying "paper gold": if you can't hold the gold in your hand, you don't own it! The same with Bitcoin: if you don't own the private key, you don't own the Bitcoins.
Bitcoin isn't like any other share. What if the ETF managers mess up and "get hacked"? It happened to various exchanges. What makes you think this ETF will be any different? And why would you trust them with your money in the long term?

Don't get me wrong, I like the idea, but I have some reservations. I can also use the same argument in favor of the ETF: what if you lose your own private key? What if your wallet gets stolen? What if your own computer gets hacked and the hacker takes your Bitcoins? This has happened much more often than exchanges getting hacked, and a centralized ETF could protect your own Bitcoins when you fail to do so.

I can't respond to your $10k prediction, that's possible with or without ETF, just like $100 is possible. There is no upper and lower limit, only a combination of chances, greed and fear.

Yeah, that's kind of what I was thinking, but the gold price IS SET by the paper gold traders, not the physical retail gold buyers.  I don't really understand what's going on with this ETF thing.  I know what the term means, but I'm unsure how it's really going to affect bitcoin.  If at all.  We'll see.  It's definitely interesting.

[LLec]

Most of the old timers in Wall street with the huge cash reserves will not invest once the ETF is approved. They will wait until the price goes down

after the hype and then start buying. I see a small spike to $2000+ and then a sudden dump and then a steady climb upwards as the old timers

climb on board. 

Were they going to invest in the first place? I highly think not.
They are and will continue to be against having anything to do with bitcoin and it's potential future.
They are all about old money of what they were brought up on and will continue to be until their dying breath.
They were raise on oil and security bonds and rely on their pensions for working for the last 55 years of their lives. So they are set to die and not give a flipping F about what comes next.
You really think they would want the stress of bitcoin of it's wild roller coaster rides of elevating ups and crushing downs? They will get a heart attack investing into bitcoin at the point of it's apex in their market.

[European Central Bank]

Were they going to invest in the first place? I highly think not.

yet trillions were thrown at the dotcom bubble at a time when not very many people understood how huge the internet would become. and they certainly didn't understand how shitty the companies they were throwing money at were.

bitcoin is of course not a stock and very different in many ways, but there are parallels.

[mainpmf]

I just... Don't understand why they would approve ETF.

Well after I'm a newbie in economy so it's perfectly possible I'm wrong, but I just don't get why they would accept it.
What's even the point in fact?

why would they not? what do you think?

i think the main reason why it would be a no is that bitcoin is still too young and sketchy, but there are some real weird etfs out there already.

they're in the business of protecting investor interests. if enough investors want it, and i don't think that's the case at this stage, then their duty is to look into a way of letting get exposure in a safe manner.

Because I don't see the point!

An ETF for oil or gold is logical, because investors aren't going to actually buy solid gold or oil and stock it.
But BTC? What's the point to have a digital index for... A digital currency!?

[European Central Bank]

Because I don't see the point!

An ETF for oil or gold is logical, because investors aren't going to actually buy solid gold or oil and stock it.
But BTC? What's the point to have a digital index for... A digital currency!?

tax advantages and security are good enough reasons for it to exist. if my elderly relative declared they were gonna get some bitcoin exposure they'd be better off doing it via their financial adviser rather than virwox and a burner phone.

[mainpmf]

Because I don't see the point!

An ETF for oil or gold is logical, because investors aren't going to actually buy solid gold or oil and stock it.
But BTC? What's the point to have a digital index for... A digital currency!?

tax advantages and security are good enough reasons for it to exist. if my elderly relative declared they were gonna get some bitcoin exposure they'd be better off doing it via their financial adviser rather than virwox and a burner phone.

You get tax advantages? Oo

Well ok for security for elderly people. On that one I can't say much it's probably important yeah ^^

[European Central Bank]

You get tax advantages? Oo

Well ok for security for elderly people. On that one I can't say much it's probably important yeah ^^

you can put it in a retirement account of some sort i think. i'm not very familiar with the details.

even if someone isn't aware of how important security is, the convenience of it being just another listing on the sites investors normally use removes another barrier to entry. i wouldn't feel too comfortable recommending bitcoin with its current setup. there's alot to learn.

[ninjabiz]

This may be happening in the following years, major entrepreneurs can buy bitcoin very easily through ETF fund. Very positive news for us.

[pitham1]

Because I don't see the point!

An ETF for oil or gold is logical, because investors aren't going to actually buy solid gold or oil and stock it.
But BTC? What's the point to have a digital index for... A digital currency!?

tax advantages and security are good enough reasons for it to exist. if my elderly relative declared they were gonna get some bitcoin exposure they'd be better off doing it via their financial adviser rather than virwox and a burner phone.

You get tax advantages? Oo

Well ok for security for elderly people. On that one I can't say much it's probably important yeah ^^

Elderly relative? I would advise them to stay off Bitcoin and invest in (almost) risk-free products.
If Bitcoin crashes, they may not live to see the next boom.

[European Central Bank]

Elderly relative? I would advise them to stay off Bitcoin and invest in (almost) risk-free products.
If Bitcoin crashes, they may not live to see the next boom.

waiting for the next rise would give them something to live for. and if they get bored they can cash in their etf, get some real coins and buy some barbiturates on the dark net to wrap things up on their own terms.

[LLec]

That would be a remarkable milestone to surpass and if does happen then all those bag holders will be cashing out their bitcoins for security funds in no time at all.