Topic: The catalyst that will drive BTC over $1000 (Read 4859 times)
I agree the Winkelvoss ETF, Venture Capitalists, Silicon Valley and big business all over is showing interests so it's looking good if you ask me. So now we wait.
Another regulated exchange would do wonders for the ability of 'common folk' invest. That along with the COIN ETF should push the demand envelope.
According to the bitcoin algorithm there is one fundamental driving bitcoin,
Number of wallets as a ratio of population to gwp
7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor
Anyone else read it?
www.bitcoinalgorithm.com
Number of wallets as a ratio of population to gwp
7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor
Anyone else read it?
www.bitcoinalgorithm.com
I don't know where to start
No
I don't get tricked by infomercial scams
I have 50 or more wallet addresses. Does that mean I account for 50 users?
No, but are you suggesting that the dynamic is somehow different as things scale?
It's all relative, infomercial or not. I'm not saying I agree with it, I'm saying that your argument does not prove it wrong.
The point I'm making is that you can't assume that number of wallets or addresses is indicative of number of people. I would venture a guess that the number of addresses rises exponentially with number of users due to the fact that so many people have multiple addresses and many people and businesses never use the same one twice. So how can you come up with a price just based on this?
The scaling might work, but I won't believe it until there is more data
According to the bitcoin algorithm there is one fundamental driving bitcoin,
Number of wallets as a ratio of population to gwp
7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor
Anyone else read it?
www.bitcoinalgorithm.com
Number of wallets as a ratio of population to gwp
7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor
Anyone else read it?
www.bitcoinalgorithm.com
I don't know where to start
No
I don't get tricked by infomercial scams
I have 50 or more wallet addresses. Does that mean I account for 50 users?
No, but are you suggesting that the dynamic is somehow different as things scale?
It's all relative, infomercial or not. I'm not saying I agree with it, I'm saying that your argument does not prove it wrong.
According to the bitcoin algorithm there is one fundamental driving bitcoin,
Number of wallets as a ratio of population to gwp
7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor
Anyone else read it?
www.bitcoinalgorithm.com
Number of wallets as a ratio of population to gwp
7m users means 10k bubble with a 5k floor. Last bubble was 700k users at 1000 peak 500 floor
Anyone else read it?
www.bitcoinalgorithm.com
I don't know where to start
No
I don't get tricked by infomercial scams
I have 50 or more wallet addresses. Does that mean I account for 50 users?
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. 
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
Exactly this. They will simply be majority shareholders in the ETF
In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$
Nothing wrong being majority shareholder.
Absolutely not, but when it's your own asset? It kind of feels like an exchange operator trading on their own exchange. Maybe it's not... If the exchange controls all dealings once it's live, then whatever.
Still nothing wrong. With companies is particularly like insider ownership [not important for an ETF]
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
Exactly this. They will simply be majority shareholders in the ETF
In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$
Nothing wrong being majority shareholder.
Absolutely not, but when it's your own asset? It kind of feels like an exchange operator trading on their own exchange. Maybe it's not... If the exchange controls all dealings once it's live, then whatever.
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
Exactly this. They will simply be majority shareholders in the ETF
In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$
Nothing wrong being majority shareholder.
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
Exactly this. They will simply be majority shareholders in the ETF
In such a heavily regulated market, wouldn't that be a conflict of interest? Obviously, it doesn't mean it can't happen, I mean they could just as easily have a trustworthy friend buy it up in their name with Winkle$
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
Exactly this. They will simply be majority shareholders in the ETF
i agree, this could definitely be the catalyst. institutional investors want an SEC-approved fund on a major exchange. once investors can trade options, a lot of money will flow in.
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
I think they will issue it as ETF then keep many shares of the ETF for themselves. Boost the market cap of your ETF by several million (or even billion if price goes in the right direction... lol). Or at least, thats what I'd do, lol.
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.
Winklevos gonna get beat by Second Market's fund. Then a few weeks from now, NY will create regulations for the first Bitcoin exchange. So Winklevoss' fund will likely be old news once it hits Nasdaq.Still waiting for NY for that, did they approve bitcoin as currency already?
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.
Winklevos gonna get beat by Second Market's fund. Then a few weeks from now, NY will create regulations for the first Bitcoin exchange. So Winklevoss' fund will likely be old news once it hits Nasdaq. On another note, institutional investors (who are less of the hodl through anything type) may be more inclined to sell at peaks than some others creating potentially more volatility. This is not to say the price won't be driven up first, but these are wall streeters (IE traders), not foreverhodlers.
Professional know how to sell as the price raise away from fundamentals, so they reduce volatility in the end.
They sell peaks and buy dips, reducing the oscillations.
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.I'm not sure the Winkelvoss are interested in reducing their own holdings. The seem kind of proud to be holding 1% of all Bitcoins. I think they will buy Bitcoins from somewhere to balance out whatever they sell in the ETF.
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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.This is part of the "news aspect" I was referring to. I suppose if they do buy more BTC on exchanges to allow more baskets to be bought on their ETF then that would be the "direct affect" I was referring to. They may even arb during inefficiency.
On another note, institutional investors (who are less of the hodl through anything type) may be more inclined to sell at peaks than some others creating potentially more volatility. This is not to say the price won't be driven up first, but these are wall streeters (IE traders), not foreverhodlers.
word is a south american firm is opening up a "basket coin" with leading cryptos in the coming months. sounds centralized but also talking about provable reserves
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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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion.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.
Yup...seriously doubt the Winklevoss ETF will result in significantly higher BTC prices given how fat a stack the twins are sitting on presently. Perhaps another year or two down the road it will have some impact but these guys are bitcoin-fatty fat right now and can self-fund their own ETF for sometime to come in my opinion. 
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.
It could be
ETF's are one thing I've never traded. So I don't know. That's why I askETFs are basically paper shares, you can't take delivery on the underlying asset. It's not like futures contracts on comex.
YOU can't, but big players can in the form of baskets of many shares (basket size is defined somewhere in the filings, I forgot what it is).
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Activity: 448
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
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.
The ETF may already have their coins, but if the price of the ETF rises above the market price of bitcoin then people (AP) will buy bitcoin on exchanges, so they can exchange their bitcoin for shares of COIN and sell the ETF on the market. 
The new hedge fund in Jersey will attract large accredited investors. You can avoid capital gains taxes there. The ETF will attract everyone else.
Which hedge fund going to invest in btc? I am not aware there is a place where investor can avoid capital gain tax.
The new hedge fund in Jersey will attract large accredited investors. You can avoid capital gains taxes there. The ETF will attract everyone else.
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.
Well, it would be news for sure. But, many seem to think that a legitimate, SEC-approved fund would allow a lot of institutional money in. How much demand like that there is -- hard to say, but it could conceivably outrun their supply. Wall Street brings billions they say.
We'll see, anyway.
People should not underestimate the effect of an ETF being available. Nobody thought GLD would take off like it did least of all Spyder. I expect the same to happen for BTC (on a lesser scale of course, we are starting from a much lower position). I absolutely believe BTC has got at least two orders of magnitude of rapid growth ahead of it, probably 3.
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.
There is no "plan" - as soon as they sell enough shares to cover their current assets, they will be obliged to buy more bitcoin. At market price. So even 200mil invested into that ETF would put a huge pressure on the price and send it to 4 digits - there's not that much coin for sale at these low prices,
For what it's worth, since the ETF isn't backed by actual BTC (any more than the gold ETF is backed by physical gold), I don't think they will be obligated to buy more bitcoin.
That's not to say that they won't choose to do it, but I'm not sure they will be forced to do it.
Where did you get any of this misinformation? The gold ETF consists of gold derivative contracts that are backed by gold. The Bitcoin ETF is backed by 0.2 BTC per share.
http://blogs.barrons.com/focusonfunds/2014/05/01/own-the-gold-etf-you-dont-quite-own-gold/
https://www.blanchardgold.com/invest-in-gold/physical-gold/
http://seekingalpha.com/article/262084-gold-etfs-are-useful-but-be-aware-of-special-custody-risks
Maybe I'm reading it all wrong. And maybe the COIN ETF would have different auditing and custody procedures. I don't know.
It is hard to confirm since as far as I know there isn't a publicly known address, but they did buy some 100k+ BTC back in 2011-12 just for this ETF.
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.
There is no "plan" - as soon as they sell enough shares to cover their current assets, they will be obliged to buy more bitcoin. At market price. So even 200mil invested into that ETF would put a huge pressure on the price and send it to 4 digits - there's not that much coin for sale at these low prices,
For what it's worth, since the ETF isn't backed by actual BTC (any more than the gold ETF is backed by physical gold), I don't think they will be obligated to buy more bitcoin.
That's not to say that they won't choose to do it, but I'm not sure they will be forced to do it.
Where did you get any of this misinformation? The gold ETF consists of gold derivative contracts that are backed by gold. The Bitcoin ETF is backed by 0.2 BTC per share.
http://blogs.barrons.com/focusonfunds/2014/05/01/own-the-gold-etf-you-dont-quite-own-gold/
https://www.blanchardgold.com/invest-in-gold/physical-gold/
http://seekingalpha.com/article/262084-gold-etfs-are-useful-but-be-aware-of-special-custody-risks
Maybe I'm reading it all wrong. And maybe the COIN ETF would have different auditing and custody procedures. I don't know.
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.
There is no "plan" - as soon as they sell enough shares to cover their current assets, they will be obliged to buy more bitcoin. At market price. So even 200mil invested into that ETF would put a huge pressure on the price and send it to 4 digits - there's not that much coin for sale at these low prices,
For what it's worth, since the ETF isn't backed by actual BTC (any more than the gold ETF is backed by physical gold), I don't think they will be obligated to buy more bitcoin.
That's not to say that they won't choose to do it, but I'm not sure they will be forced to do it.
Where did you get any of this misinformation? The gold ETF consists of gold derivative contracts that are backed by gold. The Bitcoin ETF is backed by 0.2 BTC per share.
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.
There is no "plan" - as soon as they sell enough shares to cover their current assets, they will be obliged to buy more bitcoin. At market price. So even 200mil invested into that ETF would put a huge pressure on the price and send it to 4 digits - there's not that much coin for sale at these low prices,
For what it's worth, since the ETF isn't backed by actual BTC (any more than the gold ETF is backed by physical gold), I don't think they will be obligated to buy more bitcoin.
That's not to say that they won't choose to do it, but I'm not sure they will be forced to do it.
One ''big player'' like google, fb, ebay and BTC will go + 10000$
Bitcoin still have a lot of regulatory uncertainty. Why get into the mess and venture into something they are not familiar with?
NewEgg now accepts Bitcoin, quicker than I would have thought. I'm guessing we'll likewise see one of those big players integrating BTC sooner than we think.
One ''big player'' like google, fb, ebay and BTC will go + 10000$
Bitcoin still have a lot of regulatory uncertainty. Why get into the mess and venture into something they are not familiar with?
Bitcoin needs a catalyst but in won't be Winkle-ETF
Human struggle will be the catalyst, more than greed. Cyprus, Chinese fiinancial oppression, those are catalysts.
Whats next is complete social adoption by an entire struggling community that isn't the drug or porn community. That community will blaze the trail, make everyone in that community wildly wealthy and the rest of the planet will follow suit.
But you won't be selling your Bitcoin for cash, you will just pay off your house with a tenth of a Bitcoin because your bank will love to take your coins off your hands.
Human struggle will be the catalyst, more than greed. Cyprus, Chinese fiinancial oppression, those are catalysts.
Whats next is complete social adoption by an entire struggling community that isn't the drug or porn community. That community will blaze the trail, make everyone in that community wildly wealthy and the rest of the planet will follow suit.
But you won't be selling your Bitcoin for cash, you will just pay off your house with a tenth of a Bitcoin because your bank will love to take your coins off your hands.
One ''big player'' like google, fb, ebay and BTC will go + 10000$
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.
There is no "plan" - as soon as they sell enough shares to cover their current assets, they will be obliged to buy more bitcoin. At market price. So even 200mil invested into that ETF would put a huge pressure on the price and send it to 4 digits - there's not that much coin for sale at these low prices,
For me will be regularization outside the taxes world of bitcoin in Europe or in USA, with the first regulated exchange open in USA or in Euro zone, or acceptance as payment method by big players. Or China starting to love bitcoin and unban it, what is less likely than Thaiti winning the next Word Cup only with clear sheets.
Can't see any others UNIQUE events starting a rally.
Can't see any others UNIQUE events starting a rally.
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.
It could be
ETF's are one thing I've never traded. So I don't know. That's why I askETFs are basically paper shares, you can't take delivery on the underlying asset. It's not like futures contracts on comex.
YOU can't, but big players can in the form of baskets of many shares (basket size is defined somewhere in the filings, I forgot what it is).
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.
It could be
ETF's are one thing I've never traded. So I don't know. That's why I askETFs are basically paper shares, you can't take delivery on the underlying asset. It's not like futures contracts on comex.
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.
It could be
ETF's are one thing I've never traded. So I don't know. That's why I ask 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.
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.
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.
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?
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.
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.
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.
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.
DEFINITELY A GAME CHANGER COMING SOON.
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)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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