Quote from: bookjoy on September 16, 2014, 06:48:39 AM

Quote from: Bobsurplus on September 16, 2014, 05:27:55 AM

Quote from: OgNasty on September 16, 2014, 05:16:12 AM

This idea that the ETF is suddenly going to launch prices seems far fetched to me. Is it positive and will it bring extra exposure? Sure. The ETF isn't large enough to have any real effect on trading prices though. Not to mention I'm sure the bitcoins have already been purchased for the fund. It's possible the fund could grow, but it would have to grow 100x for it to have a large influence on price. The reason to get excited about the ETF is that you can now earn tax free gains on BTC by buying COIN in a ROTH IRA account.

I know you're old school and all but I figured you would realize how big this is in the true picture of things. Do you have any clue how much new money will be able to trade in BTC... Right now on any given day we see 10-30M in trades for BTC with I assume to be somewhere around 100-250M sitting in exchanges in fiat. Maybe more maybe less.. I'm really just guessing here but that number is most probably close to being right.

Once the ETF is on the Nasdaq it opens the door for Bitcoin to be traded on an exchange with trillions of dollars.. We'll never see that kind of action on the BTC to fiat exchanges we have today.

That alone is going to push the price back up to over 1K. Traders and investors like to diversify and Bitcoin on the Nasdaq is the first thing they'll be running to. The WinkBros are going to be needing more BTC upon launch and fast! Its gonna be huge..
Huge like Facebook IPO, Alibaba IPO and BTC from 2012-nov 2013.

You'll see...

If it will be huge like the rise of btc from 2012 to 2013 then we will go to 6-7000$, not only 1k

Well... It'll take some time to get up to the 6k mark... But I stand by my previous statement that the COIN ETF is gonna take bitcoin on its next bull run.
What's sad is that I really thought this ETF woulda been listed by now.. After doing a bit of research Im thinking were still a good 6 months away at least before the Launch.
Here's to waiting.