ETF approval, price increase and mass adoption

[kryptqnick]

Institutions are taking bitcoin more and more serious, because it can help monetize the Internet (Web 3.0). The current price is very attractive for traders as well. Everyone also keeps discussing ETF approval, which could allow people to invest in bitcoin in a secure and 100% legal way. If you are not familiar with ETF, I recommend to watch this video: https://www.youtube.com/watch?v=eUAJXROzino.
I also find this moment here https://youtu.be/yXXp5-JhhYc?t=4m27s very interesting, because it has a comparison of gold charts with bitcoin charts, that look extremely similar! If bitcoin experiences the same run as gold did, its price will go up to $60k. Considering the speed with which things happen with bitcoin, it will happen in about 2 months after etf approval.
Most importantly, etf approval will take bitcoin out of the shadows and encourage mass adoption. If you think that it is a good idea, here is a description made on youtube by Altcoin Buss of how one could submit a comment about it on SEC's official website:
"To make comments: https://www.sec.gov/rules/sro.shtml
-    Click on Cboe BZX Exchange, Inc. (CboeBZX)
Scroll down to SR-CboeBZX-2018-040 “Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust.”
-    Click on “Submit Comments on SR-CboeBZX-2018-038”".
Let's help bitcoin together!

[target]

Yes I might spend some time to comment on that SEC, I'm a pro ETF too as I'm sure this will help the whole crypto space. I don't know why there are people misinformed about Bitcoin but strongly disagreeing about ETF approval. For all we know these guys are trying to drag the price really low just so they can get more. I think ETF will eventually be approved one day.

[drm]

BTC is getting back on the track vs ETH, it was in one moment almost 10:1, now it is above 15:1 again, where are the reasons for that?

Maybe because ico's are getting less popular and ethereum still has it's problems. Bitcoin is worth a lot more in my mind, prices are proof of that.

[BrewMaster]

all i know is that people have been saying nearly the same things last year about bitcoin futures. it is also an extremely hyped up situation.
https://www.bloomberg.com/news/articles/2017-10-31/bitcoin-futures-could-open-to-floodgates-of-institutional-money
that is partly where the $50k-$100k by the end of 2018 comes from. the result as we can see today was a bubble for 1 months and a bubble burst and a bear market follow up for 6 months and no institutional money came in really.

i don't see anything different about ETF either.
the only thing i agree with is this part in OP "Most importantly, etf approval will take bitcoin out of the shadows and encourage mass adoption." mostly because it will put an end to bullshit FUD about bitcoin and scared off investors may open their eyes.

[kryptqnick]

all i know is that people have been saying nearly the same things last year about bitcoin futures.

Well, it is true people got very excited, whereas we can see now that it wasn't a good idea. But I think that it was rather obvious that futures will lead to bitcoin becoming more like a bubble, because it is really all about agreeing to buy or sell in the future for a specific price, and that is price manipulation. futures prices are not actually real and when a lot of people realize that, we see price explosion. ETF, on the other hand, is just a secure way to invest money into various products. There is no part about deciding when and under which price to do what. And, most importantly, the prices are the ones people really believe in.

[kevoh]

BTC is getting back on the track vs ETH, it was in one moment almost 10:1, now it is above 15:1 again, where are the reasons for that?

Maybe because ico's are getting less popular and ethereum still has it's problems. Bitcoin is worth a lot more in my mind, prices are proof of that.

ICOs are simply experiencing the law of diminishing returns especially with the massive influx of scam and unregulated ICOs couple with a bearish market. As for Ethereum, it was not that much of a threat to legacy bitcoin but still remains very important in the cryptosphere.

[1Referee]

because it is really all about agreeing to buy or sell in the future for a specific price

That's how real futures should work, but is not how Bitcoin futures work.

Let's say Bitcoin's price is $10,000 right now and you buy 1 futures contract at $10,000. If at the end of the contract date Bitcoin's price has fallen to $7000 it means you have a 30% loss. If the price went up to $13,000 it means you have a 30% profit. In other words, you gain or lose the difference in price at the end of the contract date. It's gambling. It shouldn't be called a futures market.

ETF, on the other hand, is just a secure way to invest money into various products. There is no part about deciding when and under which price to do what. And, most importantly, the prices are the ones people really believe in.

The ETF we're waiting for has a set share price of $200,000 so it's not what people believe in. It's set as a requirement to make sure that the person sitting at home has little chances to invest in it.

[kryptqnick]

Etf was rejected already, so I guess this post will make sense during the next application. People are not ready to accept bitcoin and blockchain, not ready to trust and stop making a big deal out of minor news. We can see that the price has dropped already and might might go down even more, but it will not be this way forever, so holding or buying are still our best options for now. Decentralization will pave its way eventually, it just might take more time that we thought it would.

[metribitcoin]

Another Bitcoin ETF application can be approved next year , but i think Bitcoin still possible to going up and all the times high without any Bitcoin ETF approved just like Bitcoin did last year. There are others good news like BAKTT and lighting network so Bitcoin still have chance to going all the times high again, we should be keep patient waiting for the next bull run.