Hayes: A Positive Regulatory Etf Will Push Bitcoin to $50,000 in 2018

exstasie

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Quote from: hatshepsut93 on July 22, 2018, 02:00:03 PM

What if all the moon predictions about the end of this year that we've been hearing from so many people are based on their belief or even insider information that ETF will get applied? Or what if they were simply building up the hype to pump the price, first without mentioning the ETF, now with it?

I doubt it. I think they've just been stuck in bubble/hype mode since 2017, and the ETF rumors add more fuel to the fire.

Time is always a big question mark, which is why "by the end of the year" is so silly. Tim Draper is the only guy in the room being reasonable from that perspective.

Quote from: hatshepsut93 on July 22, 2018, 02:00:03 PM

The market seem extremely speculative now, the influence of news and rumors is growing, and that can mean even more volatility. I'm not sure if we'll have a bull run soon, but it seems very likely that we'll have some price swings. My advice is simple: don't FOMO/FUD and think long term.

I think we're in a range market for the foreseeable future: taking profit at every level is the best way to trade. We've seen a lot of downside, there should be some mid-term bouncing, but we need a lot more evidence before assuming a raging bull market is upon us. The ETF is a "buy the rumor, sell the news" situation as far as I can tell.

thecodebear

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No way. An accepted ETF would certainly push Bitcoin back to bullish territory and leave behind any doubt that we are out of the bull market, but just from that news it'd probably pop the price up like a thousand or two. And it'd probably take a few months before even a decent amount of money starts coming in from ETF. I could see $50k in 2019 but now this year.

God

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Maybe the price will be going up, but it will never touch more than $50,000 in less than a few more months from now, so that is just a dream, and people should stop dreaming that high, because it is not possible and reliable.

hatshepsut93

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What if all the moon predictions about the end of this year that we've been hearing from so many people are based on their belief or even insider information that ETF will get applied? Or what if they were simply building up the hype to pump the price, first without mentioning the ETF, now with it? The market seem extremely speculative now, the influence of news and rumors is growing, and that can mean even more volatility. I'm not sure if we'll have a bull run soon, but it seems very likely that we'll have some price swings. My advice is simple: don't FOMO/FUD and think long term.

eaLiTy

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Have Fun )@@( Stay Safe

I am not sure about how big the price would be but i am expecting a rally if ETF is approved and the chances are really high with many positive opinions coming out suggesting that this time we will have the long awaited approval of ETF and the market is showing some signs of recovery without a doubt but it will surely hurt the alt coin market as everyone will dump alt coins to make sure that they do not miss the rally, either way things are interesting

Samarkand

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Quote from: BitHodler on July 06, 2018, 06:12:52 PM

...
No one could have seen that coming, and that's the whole point of these massive bull runs. They are effective because no one expects them, and that stimulates people's emotions and directly make fomo insanely powerful.
...

I´d argue that there are various other factors that intensify these bull runs.

1. The tiny float of coins on the exchanges
Most Bitcoins aren´t traded at the exchanges and are therefore not really
relevant for the price discovery. You can easily push the price upwards, because
it is easy to deplete the existing offers in the order book.

2. Social media
A sudden spike in the Bitcoin price generates media coverage and is intensified
by the shilling on social media. Every Bitcoin holder is obviously incentivized to
promote Bitcoin and this feeds into the FOMO feeling.

3. 24/7 trading
Bitcoin can be traded 24/7 and doesn´t really have these weekend breaks
like most traditional markets that allow the market participants to calm down.
This also leads to an increase in irrational behavior, which obviously
intensifies the price action during a bull run.

entrepmind23

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Quote from: BitHodler on July 06, 2018, 06:12:52 PM

Quote from: bedulook on July 06, 2018, 04:46:09 PM

Are you joking, a price from 6500 usd to 50,000 in just 6 months left for the year to come an end. No ,I don't even think bitcoins at this stage can cross a price of even 20,000 on January 2019.

From $6500 to $52,000 is an increase of 700%.

We in 2017 went from $750 to $19,500 which is an increase of 2500%.

No one could have seen that coming, and that's the whole point of these massive bull runs. They are effective because no one expects them, and that stimulates people's emotions and directly make fomo insanely powerful.

I can agree that it is unlikely to happen again this soon, but this market is literally capable of anything with the right amount of hype, momentum and where high volumes of capital is being injected. We had all that last year.

Seeing the downfall of bitcoin from ATH to its price now, it seems that bitcoin will be having a hard time recovering so the rise of bitcoin to $50k within this year is just too good to be true but when you see the rise of price last year, you will be astounded as to how much the bitcoin is capable of rising. Once people see that its price is rising again, FOMO would come back and maybe we can reach a new all time high again. We might not believe that it will happen sooner but then who knows because after all bitcoin keeps us surprising.

Facinat

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Quote from: bedulook on July 06, 2018, 04:46:09 PM

Are you joking, a price from 6500 usd to 50,000 in just 6 months left for the year to come an end. No ,I don't even think bitcoins at this stage can cross a price of even 20,000 on January 2019.

It depends if there is good regulatory news. If 1% of pension funds enters crypto market, the price will be much higher.

cellard

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I have been hearing about ETF news forever now. It has been years since the first attempts by the Winklevii. I will believe it when I see it. Until them, it's just more clickbaity articles for news to fill their schedule.

If someone actually gets away with an approved ETF, even if generally I don't like all trading that doesn't happen with the underlying asset being present, it will help pumping the price a bunch I expect. A lot of computer illiterate people but with very big pockets will be able to get exposure to Bitcoin via ETF. $50k is definitely possible with a solid ETF approval news.

Arifulislam1010

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This news is good for me because I support for this market regulations based on this it doesn’t effect on btc price I think but on the other hand their price may be increased because of it people can invest more also that time price can increase drastically.

Kingofbitcoin12345

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I admire those person who have so much positivity on them like Hayes and Lee,, but the one thing that holding them by accepting they’re wrong and failure to predict the future is the 5 months remaining of 2018.. Time is shrinking fast..

For the meantime with any means I’m still optimistic on what they’re saying and doing what I always do “HODLING”,, the better options than selling on a lowering price..

dbravo

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I think it’s a good news and i also believe bitcoin don't need anything extra for attracting customers. Because we all know bitcoin price will increase that’s why we all wants to connect with this coin.

Herbert2020

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if ETF and all that comes with it really goes through it can change this current trend and turn it into a big rise. and the market being ready for the rise at the moment will help that a lot so it can even be an easy transition but i still can not see a new ATH this year. we may see a big rise and above $10k again by the end of 2018 but to set a new ATH we still need a lot of fresh money to come in and that takes time. end of 2019 for a new ATH is a better guess in my opinion.

BitHodler

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Quote from: bedulook on July 06, 2018, 04:46:09 PM

Are you joking, a price from 6500 usd to 50,000 in just 6 months left for the year to come an end. No ,I don't even think bitcoins at this stage can cross a price of even 20,000 on January 2019.

From $6500 to $52,000 is an increase of 700%.

We in 2017 went from $750 to $19,500 which is an increase of 2500%.

No one could have seen that coming, and that's the whole point of these massive bull runs. They are effective because no one expects them, and that stimulates people's emotions and directly make fomo insanely powerful.

I can agree that it is unlikely to happen again this soon, but this market is literally capable of anything with the right amount of hype, momentum and where high volumes of capital is being injected. We had all that last year.

robertcross07

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We all know that BTC market is a volatile market if the price can go down by 57% why then it cannot be go up by 500%. There is no certainty that BTC would have such value around this year but there is huge possibility of gaing such value during this year. Considering this, I completely agree with the statement of the Founder of BTC Exchange, Hayes.

bedulook

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Are you joking, a price from 6500 usd to 50,000 in just 6 months left for the year to come an end. No ,I don't even think bitcoins at this stage can cross a price of even 20,000 on January 2019.

exstasie

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Quote from: BitcoinNewbie15 on July 05, 2018, 12:17:28 AM

There have been no official ETFs yet. Once there is an ETF that is launched this will significantly increase the legitimacy of the cryptocurrency space.

Will it, though? Did the first copper ETF some years back increase the legitimacy of copper?

Sure, an ETF could move things along, but the trajectory is already set. The cat came out the bag with the launch of regulated futures markets.

Quote from: BitcoinNewbie15 on July 05, 2018, 12:17:28 AM

This will be a huge step in the right direction for Bitcoins adoption and I agree with the article that OP posted. This will be the driving factor in the next Bitcoin bubble. Will likely generate enough fuel for Bitcoin to hit a $50k price point, maybe even much higher than that.

Unless it's approved/launched near the top of a bubble (like CME futures). So it depends when it happens. Also, people buying ETF shares are not buying the underlying assets, which are already held in trust (if an ETF is trading). Sure, institutional investors can get exposure to Bitcoin that way, but once the trust is locked up, there's no effect on spot market supply. ETFs just track the underlying asset.

ocid

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the bitcoin price movement since 2018 has always drastically decreased in price, but this is certainly a normal market price correction. to reach $ 50k by the end of the year is of course almost impossible because until the middle of this year bitcoin prices have not been able to raise the price up to $ 15k. many people make the decision to hold bitcoin for long periods of time even with the fall in market prices so far many are taking the chance by buying more bitcoins at lower prices.

BitcoinNewbie15

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Bitcoin isn't a bubble. It's the pin!

Quote from: BrewMaster on July 04, 2018, 10:28:41 AM

i think the media is making this ETF news bigger than it is and the funny thing is that the market is not even responding to all the hype that has been circulating in the news!
if you remember last year that we had a couple of news like this each time there was the same hype but there was also a big rise with each of them.... now there is nothing!

and $20k?!! not going to happen. as i said they are hyping ETF more than it is capable of.
anyways i am also interested in knowing why they think this time it is different than other times ETFs were rejected?

There have been no official ETFs yet. Once there is an ETF that is launched this will significantly increase the legitimacy of the cryptocurrency space. This will open doors for huge institutional investors to easily diversify into Bitcoin. This will be a huge step in the right direction for Bitcoins adoption and I agree with the article that OP posted. This will be the driving factor in the next Bitcoin bubble. Will likely generate enough fuel for Bitcoin to hit a $50k price point, maybe even much higher than that.

exstasie

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Quote from: LFC_Bitcoin on July 04, 2018, 08:30:40 AM

How likely is an ETF approval?

The other times it’s been attempted they’ve declined it. Why would this attempt be any different?

It took a couple years/tries before we got a copper ETF. I'd expect double or triple that for Bitcoin, if not more. I'm sure it'll happen, but perhaps not on the timeline that many hope for.

The whole idea of an ETF for a P2P currency is pretty silly if you think about it. And I don't think it's nearly as important as bitcoin-settled contracts on regulated platforms. Delivery in bitcoin means institutions might actually use contracts to accumulate long-term positions in the spot market.

I guess it'd be cool to stick ETF shares into my retirement account, though.

Topic: Hayes: A Positive Regulatory Etf Will Push Bitcoin to $50,000 in 2018 (Read 369 times)