[2016-09-17] Bitcoin Price Expected to Double with Help From SolidX

[crossabdd]

And yet, despite what appears to be general indecisiveness, bitcoin is still expected to see a bull run shortly, thanks in large part to SolidX Management, LLC. The company has built what many believe will be the first Bitcoin ETF to operate via the stock market. The problem, however, is that the SEC is delaying approval.

Does the stock market fear a little friendly competition? For many, the idea of replacing stocks and bonds with bitcoin has become a normality, and the market has been considered an unstable investment platform since the Great Recession.

The SEC delay could last as long as 240 days, which increases doubt about whether or not it will receive approval. On the plus side, should the Bitcoin ETF be approved, many enthusiasts and analysts alike feel the move could double the bitcoin price within a short period, and bitcoin-holders could likely make a lot of money.

Director of Global Advisors Bitcoin Investment Daniel Masters says:

    “Retail and equity investors, who wouldn’t or couldn’t go direct to the commodity markets, were prepared to invest in these vehicles. That, in turn, sucked physical commodities used to back the ETFs out of the markets in question, leading to price appreciation.”

http://bitcoinist.net/bitcoin-price-double-solidx/

[Inasin]

"The SEC delay could last as long as 240 days, which increases doubt about whether or not it will receive approval. On the plus side, should the Bitcoin ETF be approved, many enthusiasts and analysts alike feel the move could double the bitcoin price within a short period, and bitcoin-holders could likely make a lot of money.

Director of Global Advisors Bitcoin Investment Daniel Masters says:

“Retail and equity investors, who wouldn’t or couldn’t go direct to the commodity markets, were prepared to invest in these vehicles. That, in turn, sucked physical commodities used to back the ETFs out of the markets in question, leading to price appreciation.”

And of course, the sentiment remains that bitcoin is likely to undergo further spikes, though they’re likely to occur in incremental stages. One analyst writes:

“Things have been pretty good to us as of late – we’ve had plenty of opportunities to get in and out of the markets according to our intraday strategy… We are looking almost certain to close out the week net positive on the bitcoin price markets. This is not guaranteed, of course. We might see some rough action this evening or as we head into Friday’s session and take a few stop hits on the day’s trading. So long as we keep our risk tight, however, and don’t break our own rules, it’s as close to a guaranteed winning week as we can get.”

How long will it be before the bitcoin price becomes $"

[TraderTimm]

Small bit of math -- 240 days / 365 days = 0.6575 = 65.7% of a full year.

And this is supposed to "double" Bitcoin price when it hasn't even been approved as an ETF yet? What?

Your posted headline is extremely misleading.

[European Central Bank]

am I taking crazy pills?

http://www.coindesk.com/sec-delays-decision-solidx-bitcoin-etf/

check the recurring phrase. 'rule change'. the only thing they're delaying is the decision on the rule change for an exchange to list an etf.

this means as far as I can tell they haven't begun to seriously think about the actual etf application yet. there ain't no eta for that even if the rule change is approved.