Topic: Gold ETF introduction price evolution vs current BTC price pre-ETF (Read 161 times)
It also looks like the Bitcoin graph from 2014 to 2018. This makes me think that all big bull runs, whatever the cause, follows the same trend.
July 18, 2018, 02:07:42 PM
Actually I think the ETF is secondary to longer term aspirations of bitcoin. Sure it appears as a negative and it will help boost some volume on exchanges but ultimately Bitcoin relys on actual users growing as a population and needing Bitcoin for its utility over limited means they might otherwise have available.
Actual userbase growing I will take as a positive over this speculative instruments in marketplaces. Just holding BTC for the price is what it is, I'm not saying anything negative exactly just there is also a more genuine kind of holding which is incidental and in line with actual usage and exchange and that I think is what shifts price up or down.
Actual userbase growing I will take as a positive over this speculative instruments in marketplaces. Just holding BTC for the price is what it is, I'm not saying anything negative exactly just there is also a more genuine kind of holding which is incidental and in line with actual usage and exchange and that I think is what shifts price up or down.
July 18, 2018, 01:59:48 PM
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The similarities are evident, given that we are about to find out of the ETF gets finally approved or not. Perhaps we see a similar evolution in price and this triple bottom could be the definitive bottom before we start the road to $100k. We will find out next month since if im not mistaken around August 15th the SEC should have already decided. It is only sane for fiat bagholders to finally enter the market with some exposure to BTC just in case it skyrockets.
The similarities are evident, given that we are about to find out of the ETF gets finally approved or not. Perhaps we see a similar evolution in price and this triple bottom could be the definitive bottom before we start the road to $100k. We will find out next month since if im not mistaken around August 15th the SEC should have already decided. It is only sane for fiat bagholders to finally enter the market with some exposure to BTC just in case it skyrockets.
I truly hope the ETF is approved. The market/exchanges have much, much more regulation than they did when the winklevii tried to launch their ETF. I agree with you, I am actually starting to believe that this triple bottom has kicked off the road to $100k. We will likely see a gradual rise back to $20k, then a bubble to $100k. Exactly like how 2016 was a gradual rise back to $1000... and we all know what happened after that. I think it is probably safe to say that this short bear cycle is over with.
If it does and you don't buy waiting for an ideal dip that never comes you make make the mistake of your life.
Boy, this is close to home for me. Have been waiting to buy back some BTC... If I would have bought back at the low $6k range I would have had a whole extra Bitcoin right now... But my stupidity decided to keep waiting, huge mistake. Now I have one Bitcoin less than what I should have. I can't seem to stop thinking about this. Basically gambled away part of my future.
July 18, 2018, 01:52:54 PM
The similarities are evident, given that we are about to find out of the ETF gets finally approved or not. Perhaps we see a similar evolution in price and this triple bottom could be the definitive bottom before we start the road to $100k. We will find out next month since if im not mistaken around August 15th the SEC should have already decided. It is only sane for fiat bagholders to finally enter the market with some exposure to BTC just in case it skyrockets. If it does and you don't buy waiting for an ideal dip that never comes you may make the mistake of your life.
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