The catalyst that will drive BTC over $1000

[Gumbork]

Isn't it obvious that the next catalyst that will cause the price of BTC to increase will be when the winklevos etf starts. As soon as people can start purchasing "COIN" I predict the price of BTC to go to the moon and beyond. We should all be paying very close attention to this.

Winklevos gonna get beat by Second Market's fund.  Then a few weeks from now, NY will create regulations for the first Bitcoin exchange.  So Winklevoss' fund will likely be old news once it hits Nasdaq.

Still waiting for NY for that, did they approve bitcoin as currency already?

[theonewhowaskazu]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

[Gimmelfarb]

i agree, this could definitely be the catalyst. institutional investors want an SEC-approved fund on a major exchange. once investors can trade options, a lot of money will flow in.

[wachtwoord]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

Exactly this. They will simply be majority shareholders in the ETF

[RyNinDaCleM]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

Exactly this. They will simply be majority shareholders in the ETF

In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$

[onlyu]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

Exactly this. They will simply be majority shareholders in the ETF

In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$

Nothing wrong being majority shareholder.

[RyNinDaCleM]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

Exactly this. They will simply be majority shareholders in the ETF

In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$

Nothing wrong being majority shareholder.

Absolutely not, but when it's your own asset? It kind of feels like an exchange operator trading on their own exchange. Maybe it's not... If the exchange controls all dealings once it's live, then whatever.

[wachtwoord]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

Exactly this. They will simply be majority shareholders in the ETF

In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$

Nothing wrong being majority shareholder.

Absolutely not, but when it's your own asset? It kind of feels like an exchange operator trading on their own exchange. Maybe it's not... If the exchange controls all dealings once it's live, then whatever.

Still nothing wrong. With companies is particularly like insider ownership [not important for an ETF]

[hollowframe]

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. 

Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently.  Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.

I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.

I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.

I would think that they would rather keep 100% control over any bitcoin they hold so would likely want to hold little if any shares of COIN. I would think they would sell their bitcoin via he ETF, then repurchase on exchanges.

[TrollinU]

According to the bitcoin algorithm there is one fundamental driving bitcoin,

Number of wallets as a ratio of population to gwp

7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor

Anyone else read it?

www.bitcoinalgorithm.com

I don't know where to start

No
I don't get tricked by infomercial scams
I have 50 or more wallet addresses. Does that mean I account for 50 users?

[sgbett]

According to the bitcoin algorithm there is one fundamental driving bitcoin,

Number of wallets as a ratio of population to gwp

7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor

Anyone else read it?

www.bitcoinalgorithm.com

I don't know where to start

No
I don't get tricked by infomercial scams
I have 50 or more wallet addresses. Does that mean I account for 50 users?

No, but are you suggesting that the dynamic is somehow different as things scale?

It's all relative, infomercial or not. I'm not saying I agree with it, I'm saying that your argument does not prove it wrong.

[TrollinU]

According to the bitcoin algorithm there is one fundamental driving bitcoin,

Number of wallets as a ratio of population to gwp

7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor

Anyone else read it?

www.bitcoinalgorithm.com

I don't know where to start

No
I don't get tricked by infomercial scams
I have 50 or more wallet addresses. Does that mean I account for 50 users?

No, but are you suggesting that the dynamic is somehow different as things scale?

It's all relative, infomercial or not. I'm not saying I agree with it, I'm saying that your argument does not prove it wrong.

The point I'm making is that you can't assume that number of wallets or addresses is indicative of number of people. I would venture a guess that the number of addresses rises exponentially with number of users due to the fact that so many people have multiple addresses and many people and businesses never use the same one twice. So how can you come up with a price just based on this?
The scaling might work, but I won't believe it until there is more data

[djjacket]

Another regulated exchange would do wonders for the ability of 'common folk'  invest.  That along with the COIN ETF should push the demand envelope.

[counter]

I agree the Winkelvoss ETF, Venture Capitalists, Silicon Valley and big business all over is showing interests so it's looking good if you ask me.  So now we wait.