Topic: [2014-06-11] Video CNBC: Wall Steet welcomes bitcoin in 2014: Secondmarket CEO (Read 800 times)

Quote from: Parazyd on June 12, 2014, 01:38:06 AM

No! This is not good. This is not good at all...

Care to elaborate? Are you worried that if big money gets involved, the "spirit" of the bitcoin "project" will change?

If Bitcoin hits Wall Street, it becomes a stock. A bond people will trade, not a currency as it's supposed to.
There will also be a LOT more market manipulation which could lead to Bitcoin being doomed.

Are you saying Euros and USD are not currencies because they are traded on wallstreet???

I'm just saying this isn't what Bitcoin is meant to be. Nevertheless, if this leads to a $5000 surge, I'll gladly welcome it Cheesy

kjlimo

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Quote from: Parazyd on June 12, 2014, 01:38:06 AM

No! This is not good. This is not good at all...

Care to elaborate? Are you worried that if big money gets involved, the "spirit" of the bitcoin "project" will change?

If Bitcoin hits Wall Street, it becomes a stock. A bond people will trade, not a currency as it's supposed to.
There will also be a LOT more market manipulation which could lead to Bitcoin being doomed.

Are you saying Euros and USD are not currencies because they are traded on wallstreet???

Ron~Popeil

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No! This is not good. This is not good at all...

Care to elaborate? Are you worried that if big money gets involved, the "spirit" of the bitcoin "project" will change?

If Bitcoin hits Wall Street, it becomes a stock. A bond people will trade, not a currency as it's supposed to.
There will also be a LOT more market manipulation which could lead to Bitcoin being doomed.

There is no reason it can't be both. As the price rises it will become more affordable to buy stuff with bit coin than currency so there will be a natural progression.

Parazyd

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Space Lord

No! This is not good. This is not good at all...

Care to elaborate? Are you worried that if big money gets involved, the "spirit" of the bitcoin "project" will change?

If Bitcoin hits Wall Street, it becomes a stock. A bond people will trade, not a currency as it's supposed to.
There will also be a LOT more market manipulation which could lead to Bitcoin being doomed.

kjlimo

legendary

Activity: 2128

Merit: 1031

Quote from: Ron~Popeil on June 11, 2014, 10:02:33 PM

No! This is not good. This is not good at all...

Care to elaborate? Are you worried that if big money gets involved, the "spirit" of the bitcoin "project" will change?

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

No! This is not good. This is not good at all...

kjlimo

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Activity: 2128

Merit: 1031

Quote from: Mayuyu48 on June 11, 2014, 09:14:38 PM

Quote from: Ron~Popeil on June 11, 2014, 08:52:09 PM

Quote from: Mayuyu48 on June 11, 2014, 09:14:38 PM

Quote

We are currently in stage three, Silbert said, which is the capital phase. This phase started in 2013, when venture capital money started pouring into bitcoin start-ups.

Bitcoin will enter the fourth phase this year, which is the "Wall Street phase," he said.

waiting for fourth phase, i'm sure this will make BTC booming

Yep. Get it while you can because it is going to get pricey.

yeah, with many good news recently, i'm sure upcoming price of BTC will more increase
buy more BTC today, hope this is good choice Grin

It is actually still down a bit today so definitely grab some if you have the funds.

Or will all the merchants cash into their local fiat using payment processors such as Bitpay thereby lowering the "exchange" rate for fiat?

Or are people not worried about this?

Ron~Popeil

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Quote from: Ron~Popeil on June 11, 2014, 08:52:09 PM

Quote from: Ron~Popeil on June 11, 2014, 08:52:09 PM

Quote

We are currently in stage three, Silbert said, which is the capital phase. This phase started in 2013, when venture capital money started pouring into bitcoin start-ups.

Bitcoin will enter the fourth phase this year, which is the "Wall Street phase," he said.

waiting for fourth phase, i'm sure this will make BTC booming

Yep. Get it while you can because it is going to get pricey.

yeah, with many good news recently, i'm sure upcoming price of BTC will more increase
buy more BTC today, hope this is good choice Grin

It is actually still down a bit today so definitely grab some if you have the funds.

Mayuyu48

hero member

Activity: 644

Merit: 500

Quote

We are currently in stage three, Silbert said, which is the capital phase. This phase started in 2013, when venture capital money started pouring into bitcoin start-ups.

Bitcoin will enter the fourth phase this year, which is the "Wall Street phase," he said.

waiting for fourth phase, i'm sure this will make BTC booming

Yep. Get it while you can because it is going to get pricey.

yeah, with many good news recently, i'm sure upcoming price of BTC will more increase
buy more BTC today, hope this is good choice Grin

Ron~Popeil

sr. member

Activity: 406

Merit: 250