Quote from: micoholic on January 12, 2018, 12:17:34 AM

Quote from: ethos777 on January 12, 2018, 12:03:00 AM

Watch for Bitcoin ETF applications. As soon as they get approved Bitcoin will go up.

What are those ETH applications? How will they affect Bitcoin's value in the future? Does it really guarantee that it will make the price skyrocket till nowhere? Cmon' we have gone through a price surge last year that no one expects, people keep coming through then switch with Altcoins as Bitcoin keeps getting lower. I really hate to see that all of my investment with it just keeps sliding down which shows no sign of going up. Well, I do hope what you're saying is true as I'm running out of patience and might dump my coins at a losing rate.

ETF means Exchange Traded Funds. If ETFs are approved then fund managers will start accumulating crypto and selling securities that represent that crypto on regular stock exchanges. That means anyone can buy these securities on non crypto exchanges. For ETFs to work there should be hedging available and that step is already done as CBOE listed Bitcoin futures in December.

Consider the following:
- there is only 21,000,000 Bitcoin to exist, about of 25% of BTC is lost forever
- there are 7.6 billion people in the world
- only half a million people own one or more BTC
- almost half of the existing BTC is held by 1000 people
- ETFs will expose BTC to the rest of the world

https://www.cnbc.com/2017/12/20/nyse-files-to-list-bitcoin-etfs-bringing-cryptocurrency-a-step-closer-to-mainstream.html
http://www.businessinsider.com/40-percent-of-bitcoins-are-held-by-just-1000-people-2017-12
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html