The catalyst that will drive BTC over $1000 - page 3.

houseo

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Quote from: RyNinDaCleM on July 10, 2014, 08:20:49 PM

But will investors be able to take physical (for lack of better terms) delivery of the actual coins? I haven't seen anywhere that this was mentioned before. If not, then they are effectively trading paper that is merely backed by Bitcoin.

isn't that how gold etfs work? and all etfs for that matter.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: byronbb on July 10, 2014, 08:02:13 PM

Quote from: RyNinDaCleM on July 10, 2014, 10:28:27 AM

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. Undecided

Because it allows people to enter into huge positions the current exchanges are unable to satisfy. In other words, the COIN etf should become the defacto pricing mechanism and all the exchanges will follow it. Most likely there will be a run up on the exchanges a week or two before the ETF launches, then a nice huge pop, followed by a massive selloff.

But will investors be able to take physical (for lack of better terms) delivery of the actual coins? I haven't seen anywhere that this was mentioned before. If not, then they are effectively trading paper that is merely backed by Bitcoin.

theonewhowaskazu

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Quote from: Keyara on July 10, 2014, 08:12:54 PM

Quote from: Blazin604 on July 10, 2014, 10:14:43 AM

Isn't it obvious that the next catalyst that will cause the price of BTC to increase will be when the winklevos etf starts. As soon as people can start purchasing "COIN" I predict the price of BTC to go to the moon and beyond. We should all be paying very close attention to this.

The current price already price in the expected good news of the etf.

Are you kidding? Btc never prices in anything, either to the upside or the downside, because everybody is too busy reinforcing the trend. Why do you think its so volatile?

Keyara

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Quote from: Blazin604 on July 10, 2014, 10:14:43 AM

Isn't it obvious that the next catalyst that will cause the price of BTC to increase will be when the winklevos etf starts. As soon as people can start purchasing "COIN" I predict the price of BTC to go to the moon and beyond. We should all be paying very close attention to this.

The current price already price in the expected good news of the etf.

byronbb

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HODL OR DIE

Quote from: RyNinDaCleM on July 10, 2014, 10:28:27 AM

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. Undecided

Because it allows people to enter into huge positions the current exchanges are unable to satisfy. In other words, the COIN etf should become the defacto pricing mechanism and all the exchanges will follow it. Most likely there will be a run up on the exchanges a week or two before the ETF launches, then a nice huge pop, followed by a massive selloff.

hyphymikey

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There are more people wanting bitcoin that will never buy on an exchange than people already invested in bitcoin. People like my father and all his friends that are over 60, I'm talking old money millionaires. The ETF will allow them to get into bitcoin as an investment without having to use an exchange. The ETF will see such a demand that the Winklevii will probably buy 10X more coins than they own over the next 5 years alone. Imagine all the other ETFs that will want to compete with COIN that haven't even bought their initial investment of bitcoins yet.

DEFINITELY A GAME CHANGER COMING SOON.

wachtwoord

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Quote from: Blazin604 on July 10, 2014, 10:14:43 AM

Isn't it obvious that the next catalyst that will cause the price of BTC to increase will be when the winklevos etf starts. As soon as people can start purchasing "COIN" I predict the price of BTC to go to the moon and beyond. We should all be paying very close attention to this.

Not when the trading starts but when it is approved and the official date for trading is announced. The people that buy COIN on the open market will be at the top of a bubble (or at least above today's ATH)

hellscabane

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Quote from: theonewhowaskazu on July 10, 2014, 11:55:50 AM

Quote from: Dalmar on July 10, 2014, 11:50:58 AM

Quote from: hellscabane on July 10, 2014, 11:33:23 AM

Although that'll likely have a positive affect on bitcoin, I don't see this even having a significant upward impact on the price of bitcoin. More so, I don't see this single event propping the marketcap by over $5B.

It could be a first spark in raising the price that high, but there'll have to be a whole bunch of other events in order for this to happen.

Look at what the Gold ETFs did to the price of Gold since the early 2000s. Something similar could happen to bitcoin, but even more amplified.

The difference B that gold cant be arbed and thus naked-short-squeezed nearly as easily. Also Btc hasn't an alternative optio.

I admit something similar could happen to bitcoin, but that isn’t necessarily the case per se. If there is a multitude of incoming demand for bitcoin, this would be definitely the case. With gold, one of the key fundamental underlying factors is that gold has consistently had significant demand throughout time. In general, stocks, derivatives, and precious metals/stones continuously garner sustained support. Unfortunately, in the eyes of a lot of the mainstream economy, bitcoin doesn’t.

CryptInvest

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Certainly growth is due to the news like receiving payments by Google, ebey and so on. Time is on our side and sooner or later such an event happen.

theonewhowaskazu

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Quote from: Dalmar on July 10, 2014, 11:50:58 AM

Quote from: hellscabane on July 10, 2014, 11:33:23 AM

Although that'll likely have a positive affect on bitcoin, I don't see this even having a significant upward impact on the price of bitcoin. More so, I don't see this single event propping the marketcap by over $5B.

It could be a first spark in raising the price that high, but there'll have to be a whole bunch of other events in order for this to happen.

Look at what the Gold ETFs did to the price of Gold since the early 2000s. Something similar could happen to bitcoin, but even more amplified.

The difference B that gold cant be arbed and thus naked-short-squeezed nearly as easily. Also Btc hasn't an alternative optio.

Dalmar

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Life is short, practice empathy in your life

Quote from: hellscabane on July 10, 2014, 11:33:23 AM

Although that'll likely have a positive affect on bitcoin, I don't see this even having a significant upward impact on the price of bitcoin. More so, I don't see this single event propping the marketcap by over $5B.

It could be a first spark in raising the price that high, but there'll have to be a whole bunch of other events in order for this to happen.

Look at what the Gold ETFs did to the price of Gold since the early 2000s. Something similar could happen to bitcoin, but even more amplified.

hellscabane

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Although that'll likely have a positive affect on bitcoin, I don't see this even having a significant upward impact on the price of bitcoin. More so, I don't see this single event propping the marketcap by over $5B.

It could be a first spark in raising the price that high, but there'll have to be a whole bunch of other events in order for this to happen.

RyNinDaCleM

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Legen -wait for it- dary

While it would be good news, the ETF already has their coins. Unless they plan on buying more to keep up with their own demand, I don't see how this would directly affect the price other than the news aspect. Undecided

Blazin604

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Isn't it obvious that the next catalyst that will cause the price of BTC to increase will be when the winklevos etf starts. As soon as people can start purchasing "COIN" I predict the price of BTC to go to the moon and beyond. We should all be paying very close attention to this.

Topic: The catalyst that will drive BTC over $1000 - page 3. (Read 4827 times)