Bitcoin Forum

Economy => Speculation => Topic started by: Wexlike on September 12, 2014, 10:04:43 PM



Title: These are the 2 main events that start the next rally:
Post by: Wexlike on September 12, 2014, 10:04:43 PM
The next rally starts, when one of these events happens:

  • #1 ETF
  • #2 Paypal bitcoin wallet integration and one-click bitcoin purchase through paypal


explanation
#1 I think that is obvious
#2 Paypal has 152 million users. And now imagine what happens when only 1% decide to buy one full bitcoin. The CEO is a bitcoin fan. It's only a matter of time when the implementation happens.


Title: Re: These are the 2 main events that start the next rally:
Post by: FUR11 on September 12, 2014, 10:18:08 PM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!


Title: Re: These are the 2 main events that start the next rally:
Post by: inca on September 12, 2014, 10:22:05 PM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

Those people are wrong.


Title: Re: These are the 2 main events that start the next rally:
Post by: tex99 on September 12, 2014, 10:38:14 PM
The next rally starts, when one of these events happens:

  • #1 ETF
  • #2 Paypal bitcoin wallet integration and one-click bitcoin purchase through paypal


Both of these could be a long way off.


Title: Re: These are the 2 main events that start the next rally:
Post by: FUR11 on September 12, 2014, 10:39:30 PM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

Those people are wrong.

Why? Could you give me a rational explanation why you think that the ETF will be a truly unique investment vehicle and thus a "game-changer" for Bitcoin? I do see that people keep on proclaiming this, but I fail to see what is changing here, really!


Title: Re: These are the 2 main events that start the next rally:
Post by: zimmah on September 12, 2014, 11:35:15 PM
not sure if this will trigger the next rally, or the one after that, but both will be pretty big indeed.



Title: Re: These are the 2 main events that start the next rally:
Post by: yokosan on September 12, 2014, 11:56:26 PM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

People also claim the next halving is factored in.

You just have to look at the people selling to see that nobody is factoring anything in!


Title: Re: These are the 2 main events that start the next rally:
Post by: jaberwock on September 13, 2014, 12:16:55 AM
Yes, maybe. Put paypal may increase the sell pressure, and all of this are just promisses, nothing has been implemented so far.


Title: Re: These are the 2 main events that start the next rally:
Post by: impulse on September 13, 2014, 12:27:18 AM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

I don't know why people keep saying that the ETF is priced in, since that is logically impossible, the ETF itself is the mechanism by which that new money would be entering the bitcoin economy. On the other hand, the prevailing attitude that the ETF approval is a foregone conclusion, is certainly not the case. What happens if the ETF is not approved?


Title: Re: These are the 2 main events that start the next rally:
Post by: Xiaoxiao on September 13, 2014, 12:31:23 AM
False hope and misdirected optimism leads to misery.


Title: Re: These are the 2 main events that start the next rally:
Post by: greaterfool on September 13, 2014, 12:43:31 AM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

Those people are wrong.

Why? Could you give me a rational explanation why you think that the ETF will be a truly unique investment vehicle and thus a "game-changer" for Bitcoin? I do see that people keep on proclaiming this, but I fail to see what is changing here, really!

There are literally trillions of dollars of fiat that could (hypothetically) be invested into an ETF that simply can't be invested now, legally or morally. Hedge funds, retail investors, pension fund managers, and (most) securities traders aren't exactly lining up to buy Bitcoins through Cryptsy/Mintpal/Coinbase/LocalBitcoins/IRC-OTC transactions to manage their customers wealth.

You want big money in BTC, then you want Wall Street. You want Wall Street, you want an ETF.

Once Wall Street goes in and we go through *that* bubble, we need to get Real Estate into the mix....


Title: Re: These are the 2 main events that start the next rally:
Post by: tex99 on September 13, 2014, 12:44:54 AM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

I don't know why people keep saying that the ETF is priced in, since that is logically impossible, the ETF itself is the mechanism by which that new money would be entering the bitcoin economy. On the other hand, the prevailing attitude that the ETF approval is a foregone conclusion, is certainly not the case. What happens if the ETF is not approved?

The process of getting it approved seems endless. Is there a time limit on it?


Title: Re: These are the 2 main events that start the next rally:
Post by: zimmah on September 13, 2014, 12:57:12 AM
what is the ETF waiting for anyway, i have heard about those guys 'planning' to launch an ETC since years now, what's holding them back?


Title: Re: These are the 2 main events that start the next rally:
Post by: Wilhelm on September 13, 2014, 01:00:32 AM
Huh, well there are some people who claim that the ETF is already priced in and people may even not be that interested in the ETF as much as everyone seems to think! If the ETF fizzles, the price will suffer even more. I for one am afraid of that ETF!

I don't know why people keep saying that the ETF is priced in, since that is logically impossible, the ETF itself is the mechanism by which that new money would be entering the bitcoin economy. On the other hand, the prevailing attitude that the ETF approval is a foregone conclusion, is certainly not the case. What happens if the ETF is not approved?

The process of getting it approved seems endless. Is there a time limit on it?

http://cointelegraph.com/news/112474/will-a-bitcoin-etf-help-bitcoin-go-mainstream

Article says Q4 2014.

It also states “If Bitcoin can do the same thing for finance that the Internet did for communications and shopping, a single unit could be worth "hundreds of thousands of dollars" in 10 years." 8)


Title: Re: These are the 2 main events that start the next rally:
Post by: Wilhelm on September 13, 2014, 01:02:13 AM
WOW this just came through in Google :)

http://www.coindesk.com/teraexchange-bitcoin-derivative-cftc/


Title: Re: These are the 2 main events that start the next rally:
Post by: gogxmagog on September 13, 2014, 01:32:50 AM
The swap, and Braintree are interesting developments, I am more inclined to watch Russia. With the ban and the possibility of war coming things could get crazy.
2014 is just the quiet before the storm.