Bitstamp's higher peak was most likely the result of a trader that got a bit too excited. But it's not that big of a deal as it shows that traders are anticipating on prices going far over $1300 next week as we then will know whether or not the ETF gets approved. If case of an approval expect the price to continue going up. I wouldn't be surprised if we happen to reach $1500 before the summer. Holders will be the real winners here.
No doubt, expected prices are way higher than $1300, I would be tempted to claim $2000 is pretty much a given.
Indeed holders win long term, but the problem here is, if ETF doesn't pass, we will most likely see a dip... so if we are able to sell before said dip, we can make big gains by buying back.
It's risky since you risk losing your position by selling at the wrong moment, or by buying back in the wrong moment, or the ETF actually passing and you sell before you go to sleep... it's giving me an headache.
