Bitcoin Forum

Hello Fellas,

I would like to test community's opinion about 'SEC to make the final decision on Winklevoss Bitcoin ETF' and thus what do you think the price will be on 13th March 2017? (Approx 10 days later from today).

It would be great if you can post your opinion/stand to back your vote.

Today the price is trending around $1,220 and we had 17.5% votes in favour of this price range. Thank you all for voting.

Best
Dudeperfect

I was voting about 1300 - 1400 dollar and it's really reasonable in my mind according to the bitcoin's charts. but to prevent the bad news will be coming at the end of the january and i will try to bring some of my bitcoin into thge exchange site to sell them.

i voted for $1200-$1300 but in fact i would have wanted to vote for $1100-$1300.

the options below $1000 are obviously dumb. that is never going to happen. but ETF is getting hyped up too much, more than it deserves to. so because of it i am expecting some dump in case it wasn't approved and because of the current rise we may see some correction back to $1100 level (hence the bottom limit) but at the same time the rise will continue and specially if ETF is approved there will be some more solid rise (hence the upper limit).

I am looking for a correction if the ETF is not approved and i could see a price range of around $1000 plus or minus $100 because i am sure everyone will be booking their profits and i do not think that we would see a major fall because of that but if it is accepted then we could see a bubble from the current price.

I voted for option 1300-1400$ simply because we are now very close to 1300$ and currently there is no reason that this slow growth will not continue in the next ten days.It seems that ETF can play an important role in determining prices after March 13. taking into account whether they will be accepted or not.

However, it is possible that even a negative outcome will not too much shake the market,but bitcoin always reacts on the majority of the good or bad news and is a very large probability that there will be a correction in price.

I agree with you . we have to sell some bitcoin we have. it can provide comfort to the money we have.
however, in the future bitcoin will have a very high price. only patience that will take us to get wealth.

i voted for $1,200 to $1,300 just for fun because we can not possibly tell where price can be on 2 days after the ETF date.

to me, this rally is like the halvening all over again. price is surging without any logical reason and eventually i think we can call it a bubble. and just like the halvening bubble this one will burst too. which is why prices around $1100 is what i have in mind as the bottom.

Are you looking for the price before the decision is made or after the decision is made?
There is a low probability of approval, but I am hoping it does get approved and the price crosses $2k.  :)

900 must be the ultimate bottom. But keep in mind that the chinese exchanges are also opening in a couple days so the price decrease isnt fully ETF related.

not going to touch $1500 for me, will probably remain between current value and $1500, if then the EFT is approved it might go way above and touch $1800 or $2k? but that is an unknown territory and to extreme to last, i'm here to buy anyway i'm not worried to much about the price

Chances are $1,100-$1,200 as maximum and around $1,000 as bottom.

But I want to see the price that can be considered as new price floor or should I called it based price with that have high chance not to get below the minimum since the resistance is currently stable and strong. Anything above $1,000 is fine as if possible we will not get back again at three digits of bitcoin price although it will be a hard decision for an average joe to buy at that price rate.

actually i believe the opposite is true.
when Chinese markets open again, two scenarios are possible.
1. nobody trusts them anymore so they don't even go there to trade. so there is no change in price at all. and Chinese will continue OTC trading as they are doing right now.

2. not much changes about exchanges and regulations they set aren't too intrusive so people go back to exchanges. in that case, the price can skyrocket and we see another rally. because all these people coming back want to start their trading again and join the current ongoing rally.

p.s. worst case scenario (ultimate bottom) is $1000 IMO

My oracle powers say above $1300 mostly due to the result of the ETF rating.
The following week $1500.
This is a given since so many will be looking to get in on all the assurance it will have.

I see Bitcoins not less than $2000 if this ETF application gets accepted and Bitcoin gets listed in the US Exchange.
But we should be prepared for the next side of the coin too, that if it goes against the positive side, then the drop of Bitcoins will be notable.

$1300 - $1400 is my vote. I see resistance within the $1500 mark.
Havent done much research about the ETF thing but I think enlisting bitcoin to that would be a deal but not a great one.
It is just for people's knowledge that it does exist but within ETF I see not much can be done for the better value.

I am not sure if it's going to touch $1,500 or not but I secretly support all of them who are casting their vote in favour of upper levels. I believe that this will be kind of win-win situation for bitcoin as a whole because if the decision goes in favour then price will grow up and automatically attract new users and on the other hand, if decision goes against it then the price will go below $1,000 where many traders and newbies are waiting to grab the opportunity so even in that case we will have some new users.

It's clear that there is a lot of hype vested in the ETF, so we are yet to see what the consequences are in case there is not an ETF approval.

I think the higher we go, the better, because in case the ETF is no approved, we can fall back into a higher price. It is key that we stay above $1000.

But man... if the ETF passes and you sell, you will wake up depressed to see the price into Jupiter.

I confess I have no idea what to do.

I agree with that. It is not very healthy for the price to rise too fast.

Most people is expecting a price between $1300 and $1400, and this is a good sign of optimistic perspectives in the bitcoin price. Perhaps this may be a good time to sell for me because of the great furor that this rally is generating in the bitcoin community... I am convinced that a great correction is near and I will be awaiting for a drop to $1100 next days.

That may be true. Maybe it would be better if the price first stabilized at the current levels as this would take away some people's fear that there would be a massive dump due to unnatural growth.

you are not alone. and it really isn't that important to know what ETF is at this point if you ask me. the news about it is getting exagerated and turning into a hype and if it fails then it will be a big FUD by that time.
and in my opinion that is all you need to know about ETF, that people are giving it too much thought and every time this happens their actions are affected by this.

fomo really affecting the value of bitcoin whenever big news happen newbies starting to be a fomo then when whales played with them, they are going to dumped and start to cry, better to keep the current move as what it is and let the real supporters and investors to join the venture of bitcoin investment so we can see good value in the long run.

I'm thinking if the ETF is approved, we will see the price reach nearly $1500 but there will be resistance.

On the other hand, what I am expecting, is for a drop to possibly below $1000 where it will quickly correct back to ~$1150 by Tuesday morning.

No matter the outcome, make sure you're strapped in for the ride!!  ;D ;D

By the time April comes around we will once again see a steady rise and be pushing $1400, even with the ETF failing to be approved.

on that date, I predict that the price of bitcoin in the range of $ 1,300 to $ 1,350. bitcoin prices rose very fast, so I think it might be more than the price, and the occurrence of several large investment, probably the price will reach $ 1,400.

i am starting to think that the ETF approval is going to be a dispointment, because when it is approved there is no "new money" coming in. it is the same old people and they have already bought and are waiting for taking their profit so it may not go up at all!

but if it is not approved, it will drop but i don't think $1000 resistance can be broken that easily.

It might drop small at first. But drop can spark panic+ Bear push. And this can push price really down. Same as opposite panic buy + Bull rush.

Considering the long term, it will be the win-win situation for the bitcoin in both cases. Any decision is going to prove beneficial for the bitcoin in the long run (yes it might leave some temporary impact) but we have already experienced huge price fluctuations before this so it won't be a big issue IMO.

Depend on the next news of bitcoin. because the news is give a big impact for the market movement. I think we will see the bull trend asap.

I was voting for the price 1200-1300$. I think nothing will change with the price during this short period. 1300$ is the maximum that I expect to see.

on 13 March we already will know about SEC decision about ETF and if it is approved then i don't expect that big a rise. so upper limit can be easily on $1300 that we may finally break.

and if SEC doesn't approve of ETF then there will surely be some dumps and because of that i choose a lower price of $1100 but this option was not available in the POLL ;D

By 11th the first statement regarding ETF approval or rejection will be revealed and based on the same 13th March similar to second hearing approval based statement gets revealed. Possibly depending upon the ETF we get a good price increase, else we might get stability around $1300-$1400

As for now bitcoin rate still on $ 1,2 k / btc ( preev) , it's already high enough.
I can say that bitcoin will not lower than 1,1 k since the trend is increasing at this month. My local expert said that it will maintain on 1,1 k ~ 1,2 k value on this week, let's hope his speculation is right

I voted for the 1100 to 1200 option, I think we are going to see a small reduction in price simple because ETF is going to be denied and then some are going to sell to consolidate their profits so the price is going to go down, but I don't think we are going to see such prices for long and the price will recover in just a few weeks.

My vote is $1300- $1400 its march 6 , 2017 and 1 week before the march 13 so I think that price will possible happen . That's my only predictions and I hope will happen .  The price of bitcoin is $1276 today and it will increasing day by day.  But it depends in ETF it will approve or denied but I hope the result is good for us. Many people believing bitcoin and I hope bitcoin price not decrease .

I selected earlier in the voting at the price of 1200 - 1300 because I think we're now at the starting point as bitcoin in its initial launch in 2013 if I see from the graph chart prices could suddenly rise to 1600 over the past few weeks
#saveyaourbitcoin

I don't want to be exaggerated when it comes to price speculation and I'd go with $1,300-$1,400 this is more close to what everyone else sees the price on/after March 13,2017. Since there is 7 days left and we are into nearing to land at $1,300. I saw that there are some saying that it can even go far up to $1,500 but I don't want to expect higher.

If day traders stopped providing the market with supply we could've seen prices above $2000 by now but unfortunately people are in need of cash and depending on these daily profits to live. I'm still optimistic and hope to see a range of price between $1400 and $1700.

around 1500 if the etf gets approved, denied under 1000 for sure, people will be selling just to buy back in at a cheaper price most likely myself included if that etf dont go through.

I guess if ETF is approved, the price by marc 13 2017 is about 1300$-1400$ but if it aint there will be litttle correction to 1000$ or sub 1000$. Let's just wait and see if this speculation will come truw but if it really came true, all would be happy to see bitcoin rich higher new all time highs. The pumps might even continue beyond Maech 13 2017.

Nearly 70%+ members are pointing towards larger levels and it is very interesting to see such positivity in the community. Yes, I agree with the opinion of most of them that ETF's approval would push the price upwards. We might see a clear picture for the short term on 13th of march after the decision.

I vote for 1100 to 1200 because if SEC disapprove ETF, then the price will drop but not that much. And if ever it drops, hodlers will buy the dip and will push the price back up. I think 1200 is a safe bet for me. And is the range of the price right now and it may stay at that level for a while. All of this are just my speculations.

Bitcoin investment is always a win-win situation to people who wait patiently. But after march 13 the price of bitcoin will drop to 1100$ due to the effect of the ETF, once bitcoin is not approved by them. In another case, if bitcoin is approved by the ETF than the price will bounce to more than 1500$.

its really hard to say what will happen after the etf and like what you have said its a win-win situation for those who understand the flow
if holders can wait and be patient since fluctuation always happen and sudden movement can be expect, just need to have some nerve
and allow yourself to believe that what ever happen it will rise up again.

Based on the current charts, I voted for $1200 - $1300.

I don't believe that the price will surpass $1300 in the next few weeks without a large announcement coming out of the community (that is positive, of course).

Earlier today (07/03/2017), the price of Bitcoin dipped for about an hour and then rose to a fairly normal rate ($1250) which has actually stabilized to be normal. Therefore, with regular fluctuations we've seen over years and years of bitcoin analysis I am about 80% sure that the price will stay normal at max $1300.

Remember that just last year, at the beginning, everyone thought that the 2016 halving would have immediate and pre effects. In January and February, people projected a major immediate jump. This is just not possible, and won't happen this week. In fact, we saw the shock waves of the halving take effect in around October, when the actual halving itself took place in June or July.

I believe that by May we will hit $1350 and possible touch $1400. However in the next week we will see normal, healthy fluctuations (unless a major event happens).

That will never happen, if the price of something is too high then someone is bound to sell to try to get advantage of the opportunity if the price is too low then someone will buy a lot of the product to resell later that is the way the economy works and bitcoin follows the same economic principles.

I have two opinion on this.  First if the Winklevoss Bitcoin ETF is approved, I can see Bitcoin price increasing upto $1500 before the end of this semester.  The reason is that the fund going into Bitcoin economy will push the price upward plus the people who are hesitant to hop in before that approval will certainly influenced by the SEC decision to join the Bitcoin economy.  But, if the ETF is disapproved, sad to say but the current hype will turn into a bubble, bursting with the ETF rejection, price will definitely go down, back to $1000, and if will go further down if manipulators take advantage of the event and spread FUD shaking weaker hands to panic sell their holdings.  Maybe we can see sub $900 bitcoin price.

I think, bitcoin will took around $1000-$1100 as I analyse its market. There are sell huge sell order which costs bitcoin to stop pumping yet it's normal. In my opinion, by montt of july, it'll rise again suprisingly and gradually as what occured last year.

Think we can say that in this we have multiple scenarios from drop to rise and to remain as it is right now. If this is approved then i expect for start for price to go slightly over 1300 dollars and in mid year will be around 1500, if this is back out then i expect to see price not bellow 1050 dollars per bitcoin. In the end maybe will price remain as it is at the moment maybe not. To many speculation have i read on net but my personal opinion is that price remain in 1200-1300 range.

i agree with this but in the other side, market china will release their withdraw and i think they will make big withdraw amount and if this is happen, i can not imagine what will going on in the market. imagine many trader make withdrawal in the same time, the transaction will be slowly and many transaction is pending. we only make prediction about what will happen on that day but i am waiting for next price and i think the price can reach $1300 as many people want.

As we all know Bitcoin's price on 13th March will be either over today's price of under its not gonna stay this after ETF. I am thinking if ETF is approved BTC will most likely see $1500, but on the other hand if ETF is disapproved then we can expect bitcoin price going below $1000.

we all certainly hope it will all be true. due to the substantial increase then bitcoin will be increasingly in demand by many people. it should be appreciated and we will wait for that date.

Well, soon 13 March 2017 will arrive. I think bitcoin prices will remain above $ 1,200. it can be said that the high prices, but, for now, there is no potential that could make bitcoin price exceeds the price of $ 1,300 within a few days.

Seeing on the poll seems like most people voted for stable or increasing price after the news which indicates lots of bitcoin users do really believe that the news would make the price would increase even more which is a good thought but we cant still be sure on what would happen.

but unfortunately sometimes the results are not as expected, for example, just today the sale value of bitcoin is in decline, but I believe based on the chart which I read later bitcoin will rise again on the 13th of March this
we just wait and hope that a lot of this will happen

I think waiting is not enough, it is better we buy bitcoin, much speculation convinced that the price of bitcoin this March will reach $1.500, I'm sure the bitcoin will not drop again as the incident earlier in this year, this is because the more the increasing users.

Now this does not exist, but on the 13th I'm sure everything will change drastically. bitcoin prices will be in the range 1500USD. thus, the demand for bitcoin will increase in world financial markets.

I think the pattern through years will happen again from niw on the bitcoin price will be dumping slowly until June to July and the price I think will not drop down to 800$ and by the September the price of the bitcoin will pump up until next year. As you see now the bitcoin price is dumping slowly and I hope the bitcoin will recover as soon as possible. Because of the season the bitcoin price will dump and pump that is because of supply and demand law. I think this coming March 13 the price will drop to 1000$ - 1100$ and I hope it will pump quickly.

Sometimes the effects of a decision or an event cannot be seen immediately because instead of everyone reacting immediately to the change we see a kind of domino effect where a single domino hits the next until a chain reaction happens an after some time we see the desired effect.

Vote for $1200-$1300, honestly I doubt it at the first time due to significant decline in the last two days from ATH to $1140. But, surprisingly that bitcoin price already recover to $1200 again, just before 11th March. People may thoughts that SEC will approve winklevoss ETF and the price should stable at those range on this Monday.

i think nothign will change EFT is around the corner and the price is tanking or remainign there, why it should go to $1500 in 3 days? i can't believe this, it's very unlike to me there are more chance that it stuck at $1100 or a little crash will happen

We are in this current cycle, where (and when!), if bitcoin breaks above 1300$, it is very likely acceleration of growth rate and rapid achievement of new highs. I expect that before the 13th of March (the date of announcement of the decision of the SEC on Winklevoss ETH), bitcoin does not break above 1300$. Of course bitcoin can punch it on the eve of the announcement of the decision, in case if someone will have insider information about the positive decision of the SEC, but I still have opinion that this will not happen.

If the ETF isn't approved, there will be a reasonable drop as investors will fear for the near future of Bitcoin, but it will definitely not drop below around $800 because that's about where we were at before the short-term speculation about the ETF caused the surge in price.

However, China might coincidentally decide to consider changing their stance on Bitcoin when the ETF isn't approved, which could result in a bit more of a crash (granted, their influence isn't quite as strong anymore due to "The Boy Who Cried Wolf").

If it is approved I think there'll be a quick surge to around a peak of ~$1300.  After that, Bitcoin will fall a tad and then slowly continue its progress at its natural level (then around $1100) as more investors begin to take interest.  If scalability issues are sorted soon, or more investors take interest or both, Bitcoin could reach a high of a few thousand dollars in the next couple of years.

no doubt that bitcoin will be groose on this if the volume will be up and the demand will be increase many people now adays are using bitcoin they are the reason why the bitcoin price are continuously increasing and if the eth approved it will be totaly high as af everyone should start holding their bitcoins

it won't be too big in my opinion, the price went down not a long time ago and I really doubt it will recover in just a few days, though it is possible to achieve new all time highs in like a few weeks from now on as the price seems to be still really strong and just needs a little push to start going to the moon again.

This is last day for voting on this poll.

Even though I can see mixed reactions on the forum about this upcoming decision, there are some activities taking place around the world.

According to the Coindesk news, One of Bitcoin's big funds is selling ahead of the ETF decision.


Reference : http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

Various kind of the business have make a bet into the bitcoin etf and according to your source and it seems like a new thing for me. Various statement and various reason to supporting and ignoring the approval of bitcoin etf. but i think the price will always stable on 1100++. We are spectator.  :D

Right now on the polling $1300-$1400 has gained more support from the users. I too opted for it and the reason is that the statements put forth by bitcoin enthusiasts. Everyone have stated an price increase on approval and  now the approval of bitcoin etf has been found with high probability leading for a price to move forward from the current price.

Wait with your decision to buy BTC. There are two likely scenarios waiting to happen:

- price of bitcoin will get lower after ETF will be disapproved - then it will be ideal moment to buy, price will recover in the future
- ETF will be accepted and then act fast and buy before price skyrockets to the moon

Even though I know that post count <> experience, it is interesting to contrast the highs/lows mentioned.

Voted for $900 - $1000 this was if ETF will not be approved however Ill go for $1700+ if ETF will be approved I will immediately buy more

bitcoin if this gonna happen and wait for  more profit and I think many will do so.

I voted $1,200 to $1,300

And today price is 1195$

And there is only a little time left until the decision is made!

And I think that the price will go around 1280$ until they make the decision public! And some people will sell BTC regardless of the ETF decision! Because they just want to sell, they can't understand decisions, and the price will start to go down even if the ETF has a pro BTC decision. The price will go back to 1150$ at the end of the day and then will recover to the 1200-1300 range!

Plus500 won't give you any actual BTC! That is forex trading! It all depends on what you want!

I guess you are in the wrong thread/section buddy. This is speculation.

Anyway, I voted for $1300-$1400 if the ETF will approved and theres a possibility to surpass that. But for me, as long as the price is not less than $1000. Thats okay for me.

Still it's worth buying BTC even the SEC disapprove. It's a future investment.

It will be around 1200-1300 on March 13th if approved

I predict the price of bitcoin could reach 1500USD on those dates. because the influence of current ETF is so big, a variety of reports ubiquitous. we must be prepared for everything that happened.

Why do you think that price can increase 300 $ in just few days? Just cause some report's and ETF influence, in my opinion that is pretty stretched. Price will stay where it is now, with 100 $ up/down fluctuations in price, but nothing big.
I agree that we need to be prepared for everything with bitcoin, but believe me when I say that goes in both ways, we need to be prepared for increase and decrease in price, bitcoin is full of surprises, if you can predict this fluctuations you can make a lot of money with bitcoin day trading.

I think that on march 13th which is 3 days from now the price would be 1200$-1300$. I wouldn't think that it would go up in price that fast since even if it is approved, corporations and the likes still has doubt with bitcoin so they will not buy that fast but only fraction per fraction. It might have good effect on bitcoin though since dumping it will be hard for normal people if corporations started to enter it.

hmm let me see my skill when it comes on guessing . i guess it would be 1300 to 1400 dollars in this coming march 13. but that's only my guess since there's a lot of new bitcoin users and they're investing really big and good that's why they're making bitcoin price more stable and more higher. just pray that big whales dont dump the price of bitcoin because when it happens bitcoin price will change in to very low price. maybe i will become $900 again. so just invest more bitcoin. like me I'm always investing in bitcoin everymonth.

Those investors wouldn't be buying DASH if bitcoin price won't be dropping I guess. I have to prepare myself for the possibility so I'm jumping to that train as well just in case. DASH is going to go up anyway so buying just few would still help me gain. If it really will go up to $60, I'm gonna throw a party for a friend who advised me to buy DASH :)   Not a huge one but for just the three of us that will sit on his porch next weekend.

Voting is closed now and the majority of the members have voted in the upward direction.  I am concluding that In both cases (either approval or disapproval) it will create a short term impact on the price but in the long run, bitcoin will remain rising.

I am posting a direct link to check the live status of this upcoming announcement: https://www.sec.gov/rules/sro/batsbzx.htm

These predictions will be eagerly awaited. but, most of them, predicting that the price of bitcoin will be higher at that time. but, I think, bitcoin will remain at the price of $ 1,200. yeah, but, let's hope that bitcoin prices higher.

If the SEC does not approve the ETF, I would guess that the price will drop below $1000 and possibly below $900. I actually would like to see a temporary drop so I can buy some more Bitcoins.

i think bitcoin will be take a month to rise it price to $1500 because now bitcoin price is rise from 1000$ to 1200$ in a month so i hope bitcoin will be increase its price to 1500 usd easily in the next month.

There does not have to be a reason, if ETF gets approved it is natural to think the price will go up even if not big investment happens immediately after, just the expectation the price will go higher is enough for the price to higher, that is just human nature.

YESSSSSS!!!! I was right!


Today price 1230! And pretty much everything I've wrote happened!

Yes, pretty much bang on. There was a sharp drop and even sharper recovery. I am not sure if the leveraged short sellers managed to get out on time. We have now well and truly put the ETF decision behind us.

good prediction that because most people predict after ETF rejected bitcoin price will dropped even they says it will below at $1000 but looks like bitcoin could recover the price and potential will reach to $1300

We had 95 votes on this poll and 17.5% of them voted for the price range of $1,200 to $1,300 and the price is floating around $1,220.

I am glad that we as a bitcoin users community have grown up as a matured holders and deep believers and even the situation like ETF's disapproval couldn't affect the bitcoin much.