Winklevoss COIN ETF to push price above 10,000

[linxproz]

This could be the only news which can start the next bubble, I'm waiting for it.

[devphp]

There are two events that may occur in Bitcoin's near future
1) It rallies
2) It fails

Look at the headlines and decide for yourselves what is more likely

I think neither of those will happen.
I think what will happen is 3) same stagnation +/- $100

4haolong?

At least for another 3-4 months. What I meant is nothing extraordinary will happen to the price in November or December. Afterwards, too, only a gradual rise for all of 2015.

[CryptoCarmen]

There are two events that may occur in Bitcoin's near future
1) It rallies
2) It fails

Look at the headlines and decide for yourselves what is more likely

I think neither of those will happen.
I think what will happen is 3) same stagnation +/- $100

4haolong?

At least for another 3-4 months. What I meant is nothing extraordinary will happen to the price in November or December. Afterwards, too, only a gradual rise for all of 2015.

I think in middle of 2015 will be some changes.

[InwardContour]

If ETF kicks in before the end of 2014, the trendline which lasted since the start could continue to exist without modifications.

[giveBTCpls]

The Winklevii don't fuck around. They predict really high prices for BTC.
http://www.cryptocoinsnews.com/winklevoss-twins-bitcoin-will-bigger-facebook/

http://www.coindesk.com/cameron-winklevoss-bitcoin-price-40k/

These guys are balls deep within Bitcoin and will not let it fall under any circumstances.

“Small bull case scenario for Bitcoin is a 400bn USD market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don’t know, but if it happens, it will probably happen much faster than anyone imagines.”

[KJO]

The Winklevii don't fuck around. They predict really high prices for BTC.
http://www.cryptocoinsnews.com/winklevoss-twins-bitcoin-will-bigger-facebook/

http://www.coindesk.com/cameron-winklevoss-bitcoin-price-40k/

These guys are balls deep within Bitcoin and will not let it fall under any circumstances.

“Small bull case scenario for Bitcoin is a 400bn USD market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don’t know, but if it happens, it will probably happen much faster than anyone imagines.”

[wasserman99]

The Winklevoss Bitcoin ETF  is set to go online at the end of 2014.

Is this a guess because the last I heard they were still trying to get the regulators to approve their ETF? Nobody had any idea how long the regulators would take to reach a decision, or if they would approve the ETF at all.

I heard the ETF would not be approved, it would be shot down by the commission

Why would it not be approved? The fact that the ETF will hold/track the price of bitcoin would not cause it to be not approved. There are several other ETFs that track non-traditional investments that had no issues in getting SEC approval. You should remember that the SEC does not endorse any investment they approve, they only check to make sure the disclosures and accounting falls within the law

[st4nl3y]

Ahaha nice1

[Bobsurplus]

Yeah most of you guys don't get it. The ETF will launch Bitcoin to the investing masses. Overnight the price will start to soar and wont stop till were back at 1200 at least.

You'll see.

[OgNasty]

This idea that the ETF is suddenly going to launch prices seems far fetched to me.  Is it positive and will it bring extra exposure?  Sure.  The ETF isn't large enough to have any real effect on trading prices though.  Not to mention I'm sure the bitcoins have already been purchased for the fund.  It's possible the fund could grow, but it would have to grow 100x for it to have a large influence on price.  The reason to get excited about the ETF is that you can now earn tax free gains on BTC by buying COIN in a ROTH IRA account.

[Bobsurplus]

This idea that the ETF is suddenly going to launch prices seems far fetched to me.  Is it positive and will it bring extra exposure?  Sure.  The ETF isn't large enough to have any real effect on trading prices though.  Not to mention I'm sure the bitcoins have already been purchased for the fund.  It's possible the fund could grow, but it would have to grow 100x for it to have a large influence on price.  The reason to get excited about the ETF is that you can now earn tax free gains on BTC by buying COIN in a ROTH IRA account.

I know you're old school and all but I figured you would realize how big this is in the true picture of things.  Do you have any clue how much new money will be able to trade in BTC... Right now on any given day we see 10-30M in trades for BTC with I assume to be somewhere around 100-250M sitting in exchanges in fiat. Maybe more maybe less.. I'm really just guessing here but that number is most probably close to being right.

Once the ETF is on the Nasdaq it opens the door for Bitcoin to be traded on an exchange with trillions of dollars.. We'll never see that kind of action on the BTC to fiat exchanges we have today.

That alone is going to push the price back up to over 1K. Traders and investors like to diversify and Bitcoin on the Nasdaq is the first thing they'll be running to. The WinkBros are going to be needing more BTC upon launch and fast! Its gonna be huge..
Huge like Facebook IPO, Alibaba IPO  and BTC from 2012-nov 2013.

You'll see...

[blatchcorn]

This idea that the ETF is suddenly going to launch prices seems far fetched to me.  Is it positive and will it bring extra exposure?  Sure.  The ETF isn't large enough to have any real effect on trading prices though.  Not to mention I'm sure the bitcoins have already been purchased for the fund.  It's possible the fund could grow, but it would have to grow 100x for it to have a large influence on price.  The reason to get excited about the ETF is that you can now earn tax free gains on BTC by buying COIN in a ROTH IRA account.

You should have heard the smart money at Inside Bitcoins saying that the ETF will take Bitcoin to the moon

[bookjoy]

This idea that the ETF is suddenly going to launch prices seems far fetched to me.  Is it positive and will it bring extra exposure?  Sure.  The ETF isn't large enough to have any real effect on trading prices though.  Not to mention I'm sure the bitcoins have already been purchased for the fund.  It's possible the fund could grow, but it would have to grow 100x for it to have a large influence on price.  The reason to get excited about the ETF is that you can now earn tax free gains on BTC by buying COIN in a ROTH IRA account.

I know you're old school and all but I figured you would realize how big this is in the true picture of things.  Do you have any clue how much new money will be able to trade in BTC... Right now on any given day we see 10-30M in trades for BTC with I assume to be somewhere around 100-250M sitting in exchanges in fiat. Maybe more maybe less.. I'm really just guessing here but that number is most probably close to being right.

Once the ETF is on the Nasdaq it opens the door for Bitcoin to be traded on an exchange with trillions of dollars.. We'll never see that kind of action on the BTC to fiat exchanges we have today.

That alone is going to push the price back up to over 1K. Traders and investors like to diversify and Bitcoin on the Nasdaq is the first thing they'll be running to. The WinkBros are going to be needing more BTC upon launch and fast! Its gonna be huge..
Huge like Facebook IPO, Alibaba IPO  and BTC from 2012-nov 2013.

You'll see...

If it will be huge like the rise of btc from 2012 to 2013 then we will go to 6-7000$, not only 1k

[jzcjca00]

COIN will solve three major problems that are stopping most people from investing:

1.  It's hard to buy bitcoins.  You have to find an exchange, open an account, go through the verification nightmare, get money there, and then (depending on the exchange) buy a little bit at a time until the exchange decides to trust you.  It's 100 times harder than going online and buying any stock or mutual fund in your existing brokerage account.

2.  It's hard to store bitcoins.  You either have to trust it with an online exchange, which everyone says is unwise, or you practically need a computer science degree to figure out how to keep it some kind of cold storage.  The average Joe would be unwise to try this at home.

3.  It's extremely hard to invest retirement funds in it, which is the only investment funds many people have.  (You can do it by setting up an IRA LLC, but that's expensive in terms of money, effort, and time.  See https://bitcointalk.org/index.php?topic=396783.0 for details.)

Once COIN is approved, the average Joe can login to his retirement account and buy bitcoins with practically no effort.

I don't think that the approval of COIN will necessarily immediately launch Bitcoin to the moon, but it will make it much more likely to happen once some triggering event gets the ball rolling.

Of course, it's possible that the price will rise dramatically after the SEC announces that COIN is approved, but before anyone has a chance to actually buy it.  It might be worth setting up the IRA LLC and investing Roth IRA funds in bitcoins, where they can grow tax free, before that happens!

[BlindMayorBitcorn]

The illustrated guide to the Winkevoss ETF:

[Morecoin Freeman]

It's quite simple actually, more money being able to flow into the market can only do something good to today's price.

[mestar]

expect the price of Bitcoin to soar to over $10,000.

Ah yes, the soaring  $10,000 per Bitcoin in 2015.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2015-2016 :   $36 million ($18 million daily if 50% sold) 
2017-2020:   $18 million ($9 million daily)                         
2021-2024:   $9 million ($5 million daily)
etc.

Don't forget that they have to sell to cover their electricity costs. So, if Bitcoin is $10,000, good luck in finding that daily thirty million dollars.

[samuel999]

That sure took a long time to almost be ready now.

[Morecoin Freeman]

expect the price of Bitcoin to soar to over $10,000.

Ah yes, the soaring  $10,000 per Bitcoin in 2015.  Let's see what this means. 

If miners decide to sell all their mined Bitcoins, (or 50%), this is how much daily fresh money is needed on the exchanges for the price to be stable:

2015-2016 :   $36 million ($18 million daily if 50% sold) 
2017-2020:   $18 million ($9 million daily)                         
2021-2024:   $9 million ($5 million daily)
etc.

Don't forget that they have to sell to cover their electricity costs. So, if Bitcoin is $10,000, good luck in finding that daily thirty million dollars.

Where did you get those calculations from?

[Bobsurplus]

This idea that the ETF is suddenly going to launch prices seems far fetched to me.  Is it positive and will it bring extra exposure?  Sure.  The ETF isn't large enough to have any real effect on trading prices though.  Not to mention I'm sure the bitcoins have already been purchased for the fund.  It's possible the fund could grow, but it would have to grow 100x for it to have a large influence on price.  The reason to get excited about the ETF is that you can now earn tax free gains on BTC by buying COIN in a ROTH IRA account.

I know you're old school and all but I figured you would realize how big this is in the true picture of things.  Do you have any clue how much new money will be able to trade in BTC... Right now on any given day we see 10-30M in trades for BTC with I assume to be somewhere around 100-250M sitting in exchanges in fiat. Maybe more maybe less.. I'm really just guessing here but that number is most probably close to being right.

Once the ETF is on the Nasdaq it opens the door for Bitcoin to be traded on an exchange with trillions of dollars.. We'll never see that kind of action on the BTC to fiat exchanges we have today.

That alone is going to push the price back up to over 1K. Traders and investors like to diversify and Bitcoin on the Nasdaq is the first thing they'll be running to. The WinkBros are going to be needing more BTC upon launch and fast! Its gonna be huge..
Huge like Facebook IPO, Alibaba IPO  and BTC from 2012-nov 2013.

You'll see...

If it will be huge like the rise of btc from 2012 to 2013 then we will go to 6-7000$, not only 1k

Well... It'll take some time to get up to the 6k mark... But I stand by my previous statement that the COIN ETF is gonna take bitcoin on its next bull run.
What's sad is that I really thought this ETF woulda been listed by now.. After doing a bit of research Im thinking were still a good 6 months away at least before the Launch.
Here's to waiting.