Quote from: cellard on March 05, 2017, 01:05:05 PM

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

Hello i saw on centrabit app, they wrote article about the ETF.. we will see 2500-3000$ each BTC?
check out here:
http://www.centrabit.io/

It is certainly possible. Consider that the ETF would mean that anyone can go to their local bank and buy the COIN shares. It doesn't matter if you are a regular blue collar worker or a wall street shark, or an huge billionaire mogul... as long as you got a bank account im sure they will be willing to buy it for you.

This means massive amounts of money coming in. The marketcap is tiny, so price can go up quickly.

Yes.

Quote from: cellard on March 05, 2017, 01:05:05 PM

If it doesn't pass, I think the dip will not be that noticeable.

No.

I'd have to disagree that the dip won't be noticeable. The people who believe that the ETF will be approved have adjusted their trading accordingly. They think bitcoin will go to the moon after ETF approval, so right now they're hoarding and getting ready for the spike. If that doesn't happen, there is a high chance that those people will sell the bitcoin they hoarded because they'll think that getting to the moon will take a lot longer.

IMO the dip could possibly go down to $700 or $800, but probably not any lower than that. If anything, it'll probably go to $900 at least.