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RE: How the SEC ETF decision is a great example of how bitcoin creates value

in #bitcoin6 years ago

If the ETF get's approved we will see a massive spike to $15000....the volatility will be so insane that the swings up and down are going to melt faces so be careful...i will only be selling a small amount....if you think about it...the CBOE or their custodian will have to purchase these coins and hold them in cold storage..even though a lot of it will be done on the OTC market, the amounts will be so massive that it will eventually decrease the supply and price will follow..it won't happen overnight, but the end of 2018 and 2019 will see jaw dropping activity.....i was trading and investing in Gold back when the ETF was approved...take a look at what it eventually did..Younger people need to think about what this will do....My father want's to invest but he doesn't want to deal with the security issues and storing issues involved today...all of the baby boomer investors using Fidelity, TDAmeritrade and Schwab will be foaming at the mouth when this thing gets approved because many saw the insane percentages made in the last 8 years. it's a no brainer....the ones that are able to weather the storm and slowly ladder in their buys and don't spend all their money at one price, will be greatly rewarded....

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I am not sure if te ETF would change the markets too much. But it certainly wont hurt the price, provided they hold actual btc.

If we have ETF based on futures, it could actually reduce demand for bitcoin as people who want exposure could bet on bitcoin without holding them.

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