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Title: We just hit $1135 on Gdax Post by: Jcastle on January 04, 2017, 04:47:00 AM SEC has until Feb 24 to approve or reject Winklevoss bitcoin etf...if COIN etf is approved...price will automatically double to $2,000(SEC approval means bitcoin is a legitimate asset class)...once trading begins on bats...mutual funds and hedge funds will buy like crazy and price will hit $5k by mid year...if segwit is activated and lightning network becomes operational and more and more countries turn to bitcoin as a safe haven...we will hit $10,000 by end of year...in the end speculation is just about money flows...just my 2 cents...but I can imagine when bitcoin was $100 and people said it was going back to $5 and it went to $1163...we shall see...I own 100 btc
Title: Re: We just hit $1055 on Gdax Post by: Arcteryx on January 04, 2017, 04:49:53 AM I would like to think this is the news that everybody here would like to be hearing because as we know that is when the slow down in price happens in the cold of February so this news of a possible approval of the ETF would be welcoming news for sure.
I have been waiting for nearly a year to be able to invest into it and now knowing that it might come with in the next 2 month's is exciting news. Title: Re: We just hit $1055 on Gdax Post by: Sithara007 on January 04, 2017, 06:14:59 AM SEC has until Feb 24 to approve or reject Winklevoss bitcoin etf...if COIN etf is approved...price will automatically double to $2,000(SEC approval means bitcoin is a legitimate asset class)... If the Winkelwii ETF actually manages to list itself in the NASDAQ, then there will be some effect on the Bitcoin exchange rates. But don't expect the market cap to increase by $16 billion all of a sudden. Be patient. Title: Re: We just hit $1055 on Gdax Post by: NUFCrichard on January 04, 2017, 06:17:00 AM The Winkelvoss ETF is a red herring, it is always used as a reason why in the near future (since about 2014) the price will rise.
Other methods of investing in bitcoin must have had an effect on the price, but none have had immediate effects and especially haven't added over 16 billions to the market cap! I think the cat is out of the bag and the huge gains from last year have been noticed by investors, and money is flowing in now. The price could get to $2000 this year, with or without a new ETF. Title: Re: We just hit $1055 on Gdax Post by: pealr12 on January 04, 2017, 06:40:31 AM SEC has until Feb 24 to approve or reject Winklevoss bitcoin etf...if COIN etf is approved...price will automatically double to $2,000(SEC approval means bitcoin is a legitimate asset class)...once trading begins on bats...mutual funds and hedge funds will buy like crazy and price will hit $5k by mid year...if segwit is activated and lightning network becomes operational and more and more countries turn to bitcoin as a safe haven...we will hit $10,000 by end of year...in the end speculation is just about money flows...just my 2 cents...but I can imagine when bitcoin was $100 and people said it was going back to $5 and it went to $1163...we shall see...I own 100 btc Good news on the part of bitcoin. But dont expect that it will happen in an instant,.it will take years before bitcoin will reach that $5k price. For now lets enjoybthe current price of it. Some already get huge profit on this price.Title: Re: We just hit $1055 on Gdax Post by: pealr12 on January 04, 2017, 06:41:10 AM SEC has until Feb 24 to approve or reject Winklevoss bitcoin etf...if COIN etf is approved...price will automatically double to $2,000(SEC approval means bitcoin is a legitimate asset class)...once trading begins on bats...mutual funds and hedge funds will buy like crazy and price will hit $5k by mid year...if segwit is activated and lightning network becomes operational and more and more countries turn to bitcoin as a safe haven...we will hit $10,000 by end of year...in the end speculation is just about money flows...just my 2 cents...but I can imagine when bitcoin was $100 and people said it was going back to $5 and it went to $1163...we shall see...I own 100 btc Good news on the part of bitcoin. But dont expect that it will happen in an instant,.it will take years before bitcoin will reach that $5k price. For now lets enjoy the current price of it. Some already get huge profit on this price.Title: Re: We just hit $1055 on Gdax Post by: quake313 on January 04, 2017, 08:03:37 AM SEC has until Feb 24 to approve or reject Winklevoss bitcoin etf...if COIN etf is approved...price will automatically double to $2,000(SEC approval means bitcoin is a legitimate asset class)...once trading begins on bats...mutual funds and hedge funds will buy like crazy and price will hit $5k by mid year...if segwit is activated and lightning network becomes operational and more and more countries turn to bitcoin as a safe haven...we will hit $10,000 by end of year...in the end speculation is just about money flows...just my 2 cents...but I can imagine when bitcoin was $100 and people said it was going back to $5 and it went to $1163...we shall see...I own 100 btc The Winkelvoss ETF has been coming for years and still hasn't arrived. Even if it gets approved it could take many more years until it has a noticeable effect upon the price of Bitcoin if at all. |