Bitcoin Price Will Spike Over 65% After Winkelvoss ETF - page 3.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: babsalt1975 on February 16, 2017, 06:51:27 AM

Now that the issues in China seem to have settled down,

The china thing has just started, PBoC comes up with newer stuff to enforce on the exchanges and adds new restrictions. the exchanges have closed down withdrawals for now!

i think you had price in your mind, since price has settled down from volatility.

Quote

That will come next month, as the Winklevoss ETF judgment is due in less than four weeks. What do you think of this statement?

i think it will be a big and a good news for bitcoin but only if it is accepted. and besides it is not going to happen overnight so i disagree with the 65% rise after the ETF because that would mean going up to $1650 and you are forgetting about the resistance.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: franky1 on February 16, 2017, 07:11:03 AM

to clarify and explain a few details:

the winkles already bought their bitcoin for their trust YEARS ago.

their ETF is not the actual bitcoin price. but a SHARE price of the COMPANY(trust) the winkles own.

do not confuse the ETF with bitcoin. they are 2 different things.

...
now with that said. when/IF the ETF is released people may convert their retirement portfolio's to include ETF shares. (not affecting the bitcoin price)
but may prompt people to SEPARATELY find out more about bitcoin and SEPARATELY try to buy real bitcoins (not ETF shares).

issues with buying real bitcoins though, is the headache of buying bitcoin, due to all the registration requirements and maximum spend limits of exchanges will limit large whales.

so the ETF can cause a chain reaction. but how soon and how much this chain reaction may cause.. is an unknown variable

This is a very clear overview of what the ETF is, I have only seen comments in other threads on the price of bitcoin sky rocketing as a direct result of the ETF, thanks for this explanation.

shannen87

full member

Activity: 224

Merit: 100

The chance of getting aproved is below >30%
In case they get the green light, BTC price will massively rise up to 1600$ for the first weeks.
If they get declined, the price might hit $700-$900.

franky1

legendary

Activity: 4410

Merit: 4766

to clarify and explain a few details:

the winkles already bought their bitcoin for their trust YEARS ago.

their ETF is not the actual bitcoin price. but a SHARE price of the COMPANY(trust) the winkles own.

do not confuse the ETF with bitcoin. they are 2 different things.

...
now with that said. when/IF the ETF is released people may convert their retirement portfolio's to include ETF shares. (not affecting the bitcoin price)
but may prompt people to SEPARATELY find out more about bitcoin and SEPARATELY try to buy real bitcoins (not ETF shares).

issues with buying real bitcoins though, is the headache of buying bitcoin, due to all the registration requirements and maximum spend limits of exchanges will limit large whales.

so the ETF can cause a chain reaction. but how soon and how much this chain reaction may cause.. is an unknown variable

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

I think it's possible that if their ETF is approved the price will rise massively. The issue is getting it approved though, I think it's supposed to have a 25% chance of approval which isn't great.

babsalt1975

sr. member

Activity: 526

Merit: 250

Now that the issues in China seem to have settled down, and the market has normalized after a turbulent first few weeks of 2017, it is time to look at the next event on the horizon. That will come next month, as the Winklevoss ETF judgment is due in less than four weeks. What do you think of this statement?

Posted From bitcointalk.org Android App

Topic: Bitcoin Price Will Spike Over 65% After Winkelvoss ETF - page 3. (Read 2880 times)