Quote from: wuvdoll on August 22, 2018, 08:27:10 AM

Honestly we can never know what bitcoin can do however it kinda depends on what happens. If couple ETF gets approved, if starbucks accepts bitcoin, facebook buys coinbase and all that happens together, bitcoin can reach $50k easily let alone $25k.

However if starbucks doesn't care about bitcoin, facebook doesn't buy coinbase, and no ETF gets approved, than there is really no way of bitcoin going up because there is no reason to go up in this market. Whales also try to sell as much as they can afford and get it cheaper to keep the prices low because short futures are making a bank for them. Knowing all of this, I say just keep your fingers on f5 on some crypto news websites twitter page so you can be one of the first to learn any good news.

i disagree because apart from Starbucks the rest of them are completely irrelevant to bitcoin's growth.
facebook buying Coinbase makes absolutely no difference. it would be a company who just changed ownership. it still doesn't make people want to buy bitcoin and if it doesn't buy it, it doesn't make people want to sell bitcoin.

ETFs are the same. their approval may make some people put aside all the FUD they have been believing in and buy bitcoin but it won't be that many. and those who invest in ETFs won't even affect bitcoin price because they are not even buying bitcoin! they are basically buying a piece of paper. and they money never enters the bitcoin market. so its rejection won't cause anyone not to want to invest in bitcoin in the future either even if in short term we see some panic.

as for starbucks, them not accepting bitcoin won't make people not-want to invest in bitcoin so your statement that i made bold above is not true.
if they accept it however it is one more real world usage of bitcoin as a currency and that always increases the adoption that is already happening. in other words it can speed it up by a small percentage and without it the speed is there and the adoption is happening but that increase won't.

in other words your statement is like saying people will stop buying cars if the car dealerships stop including an "pine car freshener" with their cars.