Quote from: Vaccinus on March 05, 2017, 04:45:35 PM

Quote from: LittleBitFunny on March 05, 2017, 01:10:54 PM

Quote from: CryptoHobo on March 05, 2017, 12:49:31 PM

2500-3000$ each BTC?

Throwing around arbitrary figures won't get us anywhere. Numbers of where Bitcoin could go after the ETF are generally based on weak speculation. Frankly, it could go nearly anywhere. However, maybe the ETF will result in a rise of Bitcoin but I think that people are viewing this as an event that will just instantly throw Bitcoin into the stars.

It'll take time and time to build legitimacy. The volatility of Bitcoin right now based on that event might even stop Bitcoin getting the ETF as it wouldn't be seen as legitimate or reliable.

yeah too much excitement that might result in disappointment, last time there was this huge news about EFT approval nothing happened to bitcoin, i know this is a bit different because they are launching it but still the news can't have that strong of an impact on the value

I am of course hoping that the ETF will get approved, but if it doesn't, then it's no big deal for me. There is more than just this ETF that people seem to hype up. One thing is sure, everything is pure speculation. It might turn out that even when this ETF doesn't come through, the price won't give a damn. But we can't simply put aside the importance of a potential approval. It will allow professional capital to flow into the market.