[CLOSED] Bitcoin Price $1,220 on 13 March 2017

[Dudeperfect]

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

[Teraboy]

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.

[BTCLovingDude]

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).

[Pattberry]

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.

[Lucius]

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.

[iqlimasyadiqa]

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.

[BrewMaster]

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.

[jjacob]

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.  

[york780]

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.

[Ayers]

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

[chaser15]

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.

Best
Dudeperfect

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.

[BrewMaster]

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.

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

[swogerino]

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.

[nizamcc]

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.

[danherbias07]

$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.

[Dudeperfect]

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.

[manselr]

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.

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.

[Appuned]

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

[angaper]

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.

[coinsmanager]

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

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.