[2018-08-07] Bitcoin Price Back Over $7,000 on Growing Support From Wall Street

Thekool1s

legendary

Activity: 1512

Merit: 1218

Change is in your hands

Quote

People who only see Bitcoin as a get-rich-quick scheme bring nothing of value to the table.

Agreed!

Quote

Yes the price goes up a bit but it's different from people who believe in the technology and why it was created in the first place. People forget that this is supposed to be a currency not a form of investment.

THIS!!! Bitcoin was supposed to be a fucking currency! Excuse my language. But the "community" has lost its vision. The day bitcoin became an "asset". That was the day the path was paved for Bitcoin Forks! It just makes me low-spirited that almost 90% of the community treats bitcoins as an asset and has started calling it the Gold of the crypto space. Listen! Lads and Gals, We don't want bitcoin to be the gold. That shit is almost immovable and we don't want that happening with bitcoin.

The lightning network gives me hope that one day Bitcoin will be recognized for what satoshi visioned for it. Also, I agree with IconFirm. We don't need "allies". Wall Street will bring in even more manipulators to the party than we already are suffering from. I guess its a good sign for those who perceive bitcoin as an asset and not a currency.

vy99

member

Activity: 126

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Quote from: darkangel11 on August 09, 2018, 03:41:13 PM

The question is, do we need those masses that will be lured with promises of huge profits.

This is always my concern as well. People who only see Bitcoin as a get-rich-quick scheme bring nothing of value to the table. Yes the price goes up a bit but it's different from people who believe in the technology and why it was created in the first place. People forget that this is supposed to be a currency not a form of investment.

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: vy99 on August 07, 2018, 10:04:32 AM

Quote from: IconFirm on August 07, 2018, 08:55:51 AM

Complete nonsense article.

Bitcoin will continue to grow with or without wall street & it's useless etf, as it has done since day one.

Utter cr*p.

That's true but I do think however that with wall street the growth will be stronger.

Don't be so sure. People had high hopes for bitcoin futures and since their launched we were in a bear market, going lower and lower. In short BTC has lost 3/4 of the value it had before Wall Street got in. I believe that ETFs are important because they bring publicity, advertise bitcoin and bring them to the ignorant masses. The question is, do we need those masses that will be lured with promises of huge profits. Those people who know nothing about the technology won't bring stability to the system, but more doubts and fear. They will pump the price a bit, but that's it.

IconFirm

hero member

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Always ask questions. #StandWithHongKong

Quote from: FXTradingPro on August 09, 2018, 11:01:05 AM

Approval is inevitable and will be an important step in adoption. Institutional Money will follow.

What?

"Approval" is not required, adoption will continue regardless & Bitcoin will eventually replace "Institutional Money", rendering it even more worthless than it already is.

FXTradingPro

newbie

Activity: 100

Merit: 0

Quote from: Jgilpulg on August 07, 2018, 07:31:53 AM

This week could provide some more bullish news for Bitcoin price as the U.S. Securities and Exchange Commission (SEC) might finally approve a Bitcoin exchange-traded fund (ETF) this Friday.

https://bitcoinist.com/bitcoin-price-7000-wall-street/

Approval is inevitable and will be an important step in adoption. Institutional Money will follow.

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Quote from: 1BTC EQUALS 1CAR on August 07, 2018, 09:38:30 PM

Quote from: milewilda on August 07, 2018, 04:57:45 PM

Quote from: vy99 on August 07, 2018, 10:04:32 AM

Quote from: IconFirm on August 07, 2018, 08:55:51 AM

Complete nonsense article.

Bitcoin will continue to grow with or without wall street & it's useless etf, as it has done since day one.

Utter cr*p.

That's true but I do think however that with wall street the growth will be stronger.

There would be always an add up when institutional money would really be pour in into crypto but i fully agree that even with or without wall street.
Bitcoin can able to grow no matter what and just to add up there no price increase as of this writing yet the price is heading backwards once again. Cheesy

We still need it to happen. It's a very good publicity to convince more investors quickly. And also we need allies and we are greatful to have them on our side to defend us from people like Warren. Just imagine having a stronger force to keep bitcoin from dropping instead of rising.

It will happen anyway, with or without them. It doesn't have to happen quickly & the public are being convinced. Bitcoin doesn't need "allies", it is independent by design. Bitcoin is not about "dropping & rising" of fiat prices - it is a replacement for fiat & all it's inherent faults & corruption within wall street & it's ilk.

Very soon all currencies will be digitized, it is going to happen. Pieces of worthless paper with numbers printed on them are a dinosaur & we will be laughing at the fact that we thought it was worth anything at all in the first place, let alone why we let it be controlled by such a small number of people. People are so preoccupied about fiat prices for Bitcoin that they have completely forgotten about what Bitcoin was designed for & how it came into existence in the first place.

That idea is not lost on all of us though. Thank goodness.

1BTC EQUALS 1CAR

full member

Activity: 602

Merit: 100

Quote from: milewilda on August 07, 2018, 04:57:45 PM

Quote from: vy99 on August 07, 2018, 10:04:32 AM

Quote from: IconFirm on August 07, 2018, 08:55:51 AM

Complete nonsense article.

Bitcoin will continue to grow with or without wall street & it's useless etf, as it has done since day one.

Utter cr*p.

That's true but I do think however that with wall street the growth will be stronger.

There would be always an add up when institutional money would really be pour in into crypto but i fully agree that even with or without wall street.
Bitcoin can able to grow no matter what and just to add up there no price increase as of this writing yet the price is heading backwards once again. Cheesy

We still need it to happen. It's a very good publicity to convince more investors quickly. And also we need allies and we are greatful to have them on our side to defend us from people like Warren. Just imagine having a stronger force to keep bitcoin from dropping instead of rising.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: vy99 on August 07, 2018, 10:04:32 AM

Quote from: IconFirm on August 07, 2018, 08:55:51 AM

Complete nonsense article.

Bitcoin will continue to grow with or without wall street & it's useless etf, as it has done since day one.

Utter cr*p.

That's true but I do think however that with wall street the growth will be stronger.

There would be always an add up when institutional money would really be pour in into crypto but i fully agree that even with or without wall street.
Bitcoin can able to grow no matter what and just to add up there no price increase as of this writing yet the price is heading backwards once again. Cheesy

vy99

member

Activity: 126

Merit: 25

Quote from: IconFirm on August 07, 2018, 08:55:51 AM

Complete nonsense article.

Bitcoin will continue to grow with or without wall street & it's useless etf, as it has done since day one.

Utter cr*p.

That's true but I do think however that with wall street the growth will be stronger.

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Complete nonsense article.

Bitcoin will continue to grow with or without wall street & it's useless etf, as it has done since day one.

Utter cr*p.

Jgilpulg

member

Activity: 137

Merit: 10

This week could provide some more bullish news for Bitcoin price as the U.S. Securities and Exchange Commission (SEC) might finally approve a Bitcoin exchange-traded fund (ETF) this Friday.

https://bitcoinist.com/bitcoin-price-7000-wall-street/

Topic: [2018-08-07] Bitcoin Price Back Over $7,000 on Growing Support From Wall Street (Read 183 times)