$10,000+ is perfectly possible in a post-ETF era

[mjneat]

Elderly relative? I would advise them to stay off Bitcoin and invest in (almost) risk-free products.
If Bitcoin crashes, they may not live to see the next boom.

waiting for the next rise would give them something to live for. and if they get bored they can cash in their etf, get some real coins and buy some barbiturates on the dark net to wrap things up on their own terms.

That got dark quick...

[BitDane]

And please, understand that i don't mean that the price will immediately pump to $10,000+, im just saying that if the SEC approves ETF (and it will, if not on 11th, then the next time, it will happen eventually) we will see new, never seen before, streams of money coming into bitcoin.

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this. Once people get gains with that, it will spread, everyone can get in with no technical knowledge about bitcoin in a safe, regulated way. So all those old millionaires, or your regular person that just wants to hold BTC but isn't really sure how to do it, will be able to get in thanks to the COIN shares. Of course I personally recommend people to learn how to buy and hold actual BTC, but we can expect everyone to do that and COIN will be 'it', the missing link to get the average investor that is not into cryptography/computer stuff. This means potentially billions of increase on the marketcap. With some time price going x10 is perfectly plausible. How long it will take? I don't know, but it opens the door for that possibility to happen.

I think even without ETF  Bitcoin will reach $10,000 if we are talking about the long term price of BTC.  Having all the issue with Bitcoin fixed or solved, Bitcoin will eventually get there at $10,000 a piece.  But if ETF will be approved, it will hasten Bitcoin to reach that price because of the massive investment pouring in the Bitcoin economy.

[fearlesscat10]

And please, understand that i don't mean that the price will immediately pump to $10,000+, im just saying that if the SEC approves ETF (and it will, if not on 11th, then the next time, it will happen eventually) we will see new, never seen before, streams of money coming into bitcoin.

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this. Once people get gains with that, it will spread, everyone can get in with no technical knowledge about bitcoin in a safe, regulated way. So all those old millionaires, or your regular person that just wants to hold BTC but isn't really sure how to do it, will be able to get in thanks to the COIN shares. Of course I personally recommend people to learn how to buy and hold actual BTC, but we can expect everyone to do that and COIN will be 'it', the missing link to get the average investor that is not into cryptography/computer stuff. This means potentially billions of increase on the marketcap. With some time price going x10 is perfectly plausible. How long it will take? I don't know, but it opens the door for that possibility to happen.

I think even without ETF  Bitcoin will reach $10,000 if we are talking about the long term price of BTC.  Having all the issue with Bitcoin fixed or solved, Bitcoin will eventually get there at $10,000 a piece.  But if ETF will be approved, it will hasten Bitcoin to reach that price because of the massive investment pouring in the Bitcoin economy.

What issues do you mean? IMO bitcoin can definitely reach that price, not through "fixing it's issues", but rather through more adoption. Compared to the 2009 - 2012 era, both price and adoption have increased substantially.

I agree that the ETF is a very significant step in terms of bitcoin because non-technical investors can finally get into it. Personally I'd really like to introduce bitcoin to some of my older family and friends, but they're not very experienced with new technology so there's a high possibility that they might lose it all due to carelessness.

The ETF provides a way for the not-so-techy people to invest in bitcoin. Yes, you could argue that the Winklevoss twins' system could also be hacked like any other exchange, but that shouldn't really be the investor's problem. Since their target audience are non-technical people, their company should cover all the security measures needed. If not, there will be a lot of angry investors and that'll be a loss for everyone involved.

[manselr]

Were they going to invest in the first place? I highly think not.

yet trillions were thrown at the dotcom bubble at a time when not very many people understood how huge the internet would become. and they certainly didn't understand how shitty the companies they were throwing money at were.

bitcoin is of course not a stock and very different in many ways, but there are parallels.

I think in a way bitcoin is a stock, or like an asset, an "internet protocol asset". It's like being able to buy shares of the TCIP/IP protocol, back then you couldn't so people were limited to buying good websites. I can imagine some guy buying a site like bodybuilding.com. Nobody gave a fuck back then, but now a simple forum like that is worth millions.

This is the same, but now we can buy the protocol itself in the form of BTC units.

[Lucius]

And please, understand that i don't mean that the price will immediately pump to $10,000+, im just saying that if the SEC approves ETF (and it will, if not on 11th, then the next time, it will happen eventually) we will see new, never seen before, streams of money coming into bitcoin.

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this. Once people get gains with that, it will spread, everyone can get in with no technical knowledge about bitcoin in a safe, regulated way. So all those old millionaires, or your regular person that just wants to hold BTC but isn't really sure how to do it, will be able to get in thanks to the COIN shares. Of course I personally recommend people to learn how to buy and hold actual BTC, but we can expect everyone to do that and COIN will be 'it', the missing link to get the average investor that is not into cryptography/computer stuff. This means potentially billions of increase on the marketcap. With some time price going x10 is perfectly plausible. How long it will take? I don't know, but it opens the door for that possibility to happen.

It will be interesting to monitor the situation regarding ETF,if or when this happens it is very likely that a certain amount of fresh money will be pumped in bitcoin market and it will certainly affect the price goes up.This would be one of the easier ways to invest in BTC,and some new players would likely take advantage of this opportunity.

Regarding drop in price if ETF is not be accepted,it is possible that we can see small drop caused by this news,but I do not think that current price just depends on ETF approval.In my opinion, the reason is mainly in the measures implemented by the Chinese authorities on their exchanges.

[cakravothy]

I think still very dificult if bitcoin price in year can incraese until reach 10k dollar/bitcoin
although ETF and SEC aprove bitcoin i think still imposible is bitcoin price can incraese 10k dollar in year 2017

[zahra4577]

I agree with you that we will see an significant rise when its aproved. But it will not happen in march. So we we will see an significant dump in march. And i am fully prepared But when it is aproved we will see 10k easily within a year.

What makes you think that we will see a dump? You think it will not get approved? Let me remind you how Brexit happened against all odds, and Trump happened against all odds too...

So don't be so sure, if you short you may lose your coins quick.

Most people are not concerned about ETF at all.Bitcoin is gaining popularity in India and China and they have not worried about ETF so there is no chance of some big dump.
Minor corrections is possible though after 11 March.

[BitHodler]

I think still very dificult if bitcoin price in year can incraese until reach 10k dollar/bitcoin
although ETF and SEC aprove bitcoin i think still imposible is bitcoin price can incraese 10k dollar in year 2017

If you read the OP you would have known that he wasn't talking about this year. In the long term if everything keeps going in the right way, then the chances of reaching $10K will be on the higher side.

It's not only this ETF that will make a difference, but at some point we'll have plenty of them to choose from. One thing is sure, if we ever want to reach such price points, we must have larger blocks.

Without larger blocks it's simply impossible to serve a massive number of people at the same time. If you want to be the best, then you must be able to compete with the best. It's that simple.

Larger blocks + Lightning Network = BOOM!

[n0ne]

I agree with you that we will see an significant rise when its aproved. But it will not happen in march. So we we will see an significant dump in march. And i am fully prepared But when it is aproved we will see 10k easily within a year.

What makes you think that we will see a dump? You think it will not get approved? Let me remind you how Brexit happened against all odds, and Trump happened against all odds too...

So don't be so sure, if you short you may lose your coins quick.

Most people are not concerned about ETF at all.Bitcoin is gaining popularity in India and China and they have not worried about ETF so there is no chance of some big dump.
Minor corrections is possible though after 11 March.

ETF is the one that's gonna make a big change in the bitcoin price history. By the days after ETF approval there will be major pumping or dump based upon the approval. If price moves forward we can expect price above $3000 and of price drop occurs it would go close to $800.

[Denker]

I think still very dificult if bitcoin price in year can incraese until reach 10k dollar/bitcoin
although ETF and SEC aprove bitcoin i think still imposible is bitcoin price can incraese 10k dollar in year 2017

Of course that is not going to happen.Even if we had 2 or 3 ETFs.
But that range would be possible in 5-10 years in my opinion.
If the ETF should get approved, what I still highly doubt, then a price of $2000 would be a possible target for this year.

[severaldetails]

I think still very dificult if bitcoin price in year can incraese until reach 10k dollar/bitcoin
although ETF and SEC aprove bitcoin i think still imposible is bitcoin price can incraese 10k dollar in year 2017

Of course that is not going to happen.Even if we had 2 or 3 ETFs.
But that range would be possible in 5-10 years in my opinion.
If the ETF should get approved, what I still highly doubt, then a price of $2000 would be a possible target for this year.

I can imagine that there are people willing to buy funds that include bitcoin.
You can sell nearly everything if the advertisement is right.
For bitcoin I think it will gain a general plus in trust, even if the coins are not included in a trust.
So it is really possible to rech 10K within the next five years if we have a positive ETF vote.

[LFC_Bitcoin]

I think $10,000 is definitely a realistic target but surely not for a couple of years at least? I'd be delighted to see $10,000 soon but I think we'll have to wait a while yet.

[ether19]

I think still very dificult if bitcoin price in year can incraese until reach 10k dollar/bitcoin
although ETF and SEC aprove bitcoin i think still imposible is bitcoin price can incraese 10k dollar in year 2017

If you read the OP you would have known that he wasn't talking about this year. In the long term if everything keeps going in the right way, then the chances of reaching $10K will be on the higher side.

It's not only this ETF that will make a difference, but at some point we'll have plenty of them to choose from. One thing is sure, if we ever want to reach such price points, we must have larger blocks.

Without larger blocks it's simply impossible to serve a massive number of people at the same time. If you want to be the best, then you must be able to compete with the best. It's that simple.

Larger blocks + Lightning Network = BOOM!

Yeah, bitcoin need to get that pending transactions confirmed faster in order to get more users on board. Once more people see how effectively bitcoin functions, then $10,000 will not be a problem. The ETF confirmation news will definitely be a big boost to bitcoin, but at the same time bitcoin needs to improve by having large blocks and lightning network. Hands down!

[manselr]

And please, understand that i don't mean that the price will immediately pump to $10,000+, im just saying that if the SEC approves ETF (and it will, if not on 11th, then the next time, it will happen eventually) we will see new, never seen before, streams of money coming into bitcoin.

I don't know if you understand what ETF really means. This is huge for the non-geek investor to hold bitcoin. It will be possible for anyone to go into their local banks, and tell the employee to but you some COIN shares, anyone can do this. Once people get gains with that, it will spread, everyone can get in with no technical knowledge about bitcoin in a safe, regulated way. So all those old millionaires, or your regular person that just wants to hold BTC but isn't really sure how to do it, will be able to get in thanks to the COIN shares. Of course I personally recommend people to learn how to buy and hold actual BTC, but we can expect everyone to do that and COIN will be 'it', the missing link to get the average investor that is not into cryptography/computer stuff. This means potentially billions of increase on the marketcap. With some time price going x10 is perfectly plausible. How long it will take? I don't know, but it opens the door for that possibility to happen.

I think even without ETF  Bitcoin will reach $10,000 if we are talking about the long term price of BTC.  Having all the issue with Bitcoin fixed or solved, Bitcoin will eventually get there at $10,000 a piece.  But if ETF will be approved, it will hasten Bitcoin to reach that price because of the massive investment pouring in the Bitcoin economy.

Yes, ETF or not, the price will tend to continue going upwards forever due the deflationary nature of bitcoin and the fact that its properties will keep getting increased demand, but having an ETF which allows a lot of people to get in the game without being technologically savvy is a great way to get things going faster than predicted.

[takingthis4]

I think $10,000 is definitely a realistic target but surely not for a couple of years at least? I'd be delighted to see $10,000 soon but I think we'll have to wait a while yet.

well of course it would take like a few decades in order for this to happen, even it took a few years to reach a new all time high, for me it would be enough to at least reach 2000 dollars in like 5 years or something, everything comes with time when it comes to bitcoin, we just need to wait patiently and everything we want will be achieved. the next huge price growth is going to happen when segwit is going to be implemented or the block size is going to be increased.

[Pierre 2]

I agree with this post and I believe its very likely to reach $10.000 in 5 years.
But I am scared of rejection chance, rejection would kill all the hype and it may return to $850s.

[Barraken]

I agree with this post and I believe its very likely to reach $10.000 in 5 years.
But I am scared of rejection chance, rejection would kill all the hype and it may return to $850s.

I think the $10000 figure can be reached between 3 to 4 years, depending on the adoption of bitcoin in the world.

[Biodom]

Who knows what will happen in the next 10 days, but if ETF is approved, we will see lower prices immediately afterwards, which does not mean that they will be lower than today.
Check out the GLD chart. First 4-6 mo-flat to down after an initial spike, from $44.38 on day 1 (Nov 1, 2004) to $41.26 next May.
The equivalent would be btc at 1230 now and $1143 six months later (or COIN at $12.3 to $11.43 if it starts at the same price as today, which is probably doubtful).

[Deanero]

I agree with this post and I believe its very likely to reach $10.000 in 5 years.
But I am scared of rejection chance, rejection would kill all the hype and it may return to $850s.

If ETF is rejected, there will be a small correction maybe, but it will not last for long. I'll be waiting to buy the dip. . .

[Seansky]

I think bitcoin reaching 10000$ in price ain't possible on post ETF era maybe it will be possible years from now not after ETF has been approved. I agree with the others though that there will be a slight correction when ETF is rejected so for those who want to buy bitcoin wait for it there is a chance that ETF will be rejected. As a bitcoin user though, I really hope that ETF will be approved for it's price to rise more.