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Author Topic: $10,000+ is perfectly possible in a post-ETF era  (Read 2545 times)
Denker
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March 05, 2017, 10:40:29 AM
 #41

I think bitcoin reaching 10000$ in price ain't possible on post ETF era maybe it will be possible years from now not after ETF has been approved. I agree with the others though that there will be a slight correction when ETF is rejected so for those who want to buy bitcoin wait for it there is a chance that ETF will be rejected. As a bitcoin user though, I really hope that ETF will be approved for it's price to rise more.

My dear!
Have you read the opening post closely?!
He explicitly wrote that the $10k won't happen over night!
This is a process which will take several years. And in that case I totally agree with that opinion. In 5-10 years, when probably 1 or 2 ETfs will exist, and 2020 after the next halving, and Bitcoin being seen more and more legitimate and serious over the years by big investors...5 figures can become reality without a doubt.

In terms of your last sentence. I don't think it's the right time for an ETF now.Way too early.Bitcoin needs be more mature.
But it will happen.Just a question of time.
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Deanero
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March 05, 2017, 11:05:14 AM
 #42

I think bitcoin reaching 10000$ in price ain't possible on post ETF era maybe it will be possible years from now not after ETF has been approved. I agree with the others though that there will be a slight correction when ETF is rejected so for those who want to buy bitcoin wait for it there is a chance that ETF will be rejected. As a bitcoin user though, I really hope that ETF will be approved for it's price to rise more.

My dear!
Have you read the opening post closely?!
He explicitly wrote that the $10k won't happen over night!
This is a process which will take several years. And in that case I totally agree with that opinion. In 5-10 years, when probably 1 or 2 ETfs will exist, and 2020 after the next halving, and Bitcoin being seen more and more legitimate and serious over the years by big investors...5 figures can become reality without a doubt.

In terms of your last sentence. I don't think it's the right time for an ETF now.Way too early.Bitcoin needs be more mature.
But it will happen.Just a question of time.

Agreed, its too early for an ETF, BTC needs to get a few things ironed out first, like its scaling issues. Once Segwit is implemented, it would be a good time to introduce Bitcoin to the rest of the world.

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March 05, 2017, 11:52:59 AM
 #43

i disagree with when you are putting it like this.
the $10,000+ price is still possible without ETF and with it. the only change that it can have for bitcoin is a very small more publicity and then that may lead to more people investing in bitcoin directly by going to one of the exchanges like coinbase and buying bitcoin to hold.
if they go to bank as you said and buy coin shares it won't change anything for bitcoin, its adoption and the price of it.

and i disagree with saying "bitcoin shares for not tech non geeks" because these days opening a wallet and using bitcoin is as easy as opening a paypal account. check out coinbase if you don't believe me. and although i don't like it but it is a good option for any newbie.

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