Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
zimmah
on 27/03/2017, 12:34:31 UTC
but still i am hopeful and confident that the price of bitcoin is going to increase more and more and hope that very soon the price of bitcoin will cross 2000 USD just in few months the price of bitcoin will be trading above 2000 USD level.

When you post such outrageous claims, then you should accompany that with some concrete proof. Give some reason why you think that the prices will top $2,000. There should be some trigger, such as the ETF listing or government recognition.
ETF application was a failure so I don't think it would ever be approved in the future, but I don't think also it would be the reason why bitcoin will
rise that big. It's the time that is needed and even before the ETF's approval humor we have seen how the price constantly grow.
The last year was pretty amazing because we have double the price and I think this year it can also be possible so let us not judge only on the
present situation of bitcoin as still it is valuable for the many.

The chances are still there. Apart from the ETF by the Winkelwii, I heard that at least two other groups are planning to list their ETFs in the NYSE (this is, if they get the approval). Also, you can't discount the chances of the Winkelwii trying to list the ETF in some of the European exchanges. The SIX Swiss Exchange in Zurich may be perfect for this purpose.

I'm not sure that approval is of great importance for bitcoin. Yes, he would have gained popularity. But this can not be the basis for price growth. There are many other factors that affect bitcoin

Eventually bitcoin shouldn't care about approval.   
   
Bitcoin is supposed to overthrow the old financial system, so it doesn't really care about oldschool regulation.