Bitcoin has entered Wall street officially?

BIT-Sharon

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Quote from: randy8777 on June 08, 2015, 05:33:31 PM

Quote from: anderson00673 on June 08, 2015, 04:02:10 PM

Interesting. Even if they are not technically on wallstreet this is a good development for bitcoin. Any time it gets in the news is good, and overstock isn't exactly small potatoes.

overstock has shown time on time to be far ahead of other companies regarding accepting new technology. very open minded ceo.

open minded and frontier, it really makes the technology popular and give it the right position.

GreenStox

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Bitcoin is 4.1 billion dollar market cap, who do you think pushed that extra 1 million dough in the market in the last weeks if not Wallstreet?

Of course Wallstreet is onboard, MONEY NEVER SLEEPS PAL! Cool

bornil267645

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I don't know how it helps the bitcoin adoption. Because the blockchain tech is already very popular but the bitcoin is still very neglected in terms of adoption. But still happy to people are adopting the tech. Maybe it will lead to something big in the near future.

nonbody

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any press is good press, i am still in 2 minds :/

GreenStox

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Well some wallstreet and early speculators are investing right now.

Maybe not the whales, but there are always ants in the trading floor that like to try out all new stuff.

Now they are probably not trading it on the stock exchange, but they opened already an account at bitfinex or coinbase

So many "ex" wallstreet traders came to trade bitcoin instead, is the right way to put it

bit1

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Quote from: qiwoman2 on June 10, 2015, 12:46:33 AM

I am not really sure if this will bode well for Bitcoin getting into the hands of WALL ST SHARKS, Unless it just brings in more punters and hoarders and helps the market cap increase. For that reason alone it might have some positive offset, but only time will tell how they will play around with this new tech money toy.

I dont think that WALL ST Sharks are not appropriating of some BTC already.

rayhan

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So the overstock's CEO has modified the news to create a little more hype than usual. Bitcoin hasn't arrived into Wall St yet. And right now , the Wall Street doesn't offer the right kind of structure to hold bitcoins into it. But yes overstock is coming into the sight , with the technology somehow related to bitcoins. But i believe they're likely to mint their own currency for it.

HarHarHar9965

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Quote from: GreenStox on July 08, 2015, 06:27:48 AM

Quote from: cbase on June 14, 2015, 12:40:53 AM

It was a hype, its not coming to wall street officially. They have their own market called medici!

We shall see that, banks are greedy, so greedy that they can change their principles anytime.

If bitcoin becomes too appealing that banksters cant resist, then they will come in our boat aswell.

They just cant resist the urge for money Cheesy

I think they wouldn't tweak their rules and regulations, rather make the crypto currency system have differences made for their adaptation. They would offer lucrative deals for the commencement of the deal, but if we give up the fight and let them centralize bitcoins, then what is the fucking point? If however they are ready to accept bitcoin as it is, then that's when shit might be worth hearing..

GreenStox

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Quote from: cbase on June 14, 2015, 12:40:53 AM

It was a hype, its not coming to wall street officially. They have their own market called medici!

We shall see that, banks are greedy, so greedy that they can change their principles anytime.

If bitcoin becomes too appealing that banksters cant resist, then they will come in our boat aswell.

They just cant resist the urge for money Cheesy

cbase

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It was a hype, its not coming to wall street officially. They have their own market called medici!

kenbytes

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Seems like a good starting point ...
#soon Supply and demand will require the market cap to hit many billions of dollars if all of Wall Street wants to play how they're used to playing.

aso118

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Quote from: AtheistAKASaneBrain on June 10, 2015, 08:20:57 AM

Quote from: Q7 on June 10, 2015, 07:53:48 AM

In a way I would say it's yes. Although Overstock core business is in the retail field but with the new development in offering cryptosecurities, indirectly they are acting as our brand ambassador that carries along the bitcoin name. This is also compounded by the fact that they are also one of the biggest online business to accept bitcoin. investors are putting their money into buying the bonds means they have confidence in the business they are doing. I would look at it that way.

It's definitely great publicity for Bitcoin. What all those companies should do besides accepting BTC payments tho, is offer their employees their wage in BTC instead of dumping their gains for fiat.

Yup, this helps in increasing bitcoin adoption. If those employees find enough places to spend bitcoin, we could have some circulation of bitcoins. Else, the employees will dump the bitcoins and it really doesn't help.

knowhow

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well some company needed to take the first step so other may follow it ,soo people will search about bitcoin to know better it for sure.

AtheistAKASaneBrain

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Quote from: Q7 on June 10, 2015, 07:53:48 AM

In a way I would say it's yes. Although Overstock core business is in the retail field but with the new development in offering cryptosecurities, indirectly they are acting as our brand ambassador that carries along the bitcoin name. This is also compounded by the fact that they are also one of the biggest online business to accept bitcoin. investors are putting their money into buying the bonds means they have confidence in the business they are doing. I would look at it that way.

It's definitely great publicity for Bitcoin. What all those companies should do besides accepting BTC payments tho, is offer their employees their wage in BTC instead of dumping their gains for fiat.

Q7

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In a way I would say it's yes. Although Overstock core business is in the retail field but with the new development in offering cryptosecurities, indirectly they are acting as our brand ambassador that carries along the bitcoin name. This is also compounded by the fact that they are also one of the biggest online business to accept bitcoin. investors are putting their money into buying the bonds means they have confidence in the business they are doing. I would look at it that way.

chmod755

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I wouldn't say that right now, but several Wall Street companies are experimenting with Bitcoin and the technology behind it.

Bitcoin definitely needs to be able to grow much larger for Wall Street to use it.

TinEye

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i don't think so otherwise the price should've started to climb right? i cannot see any impact on the market and i'm tired of those enws that cannot do nothing to the price, but just increasing the hype

Quote from: mrhelpful on June 09, 2015, 02:47:38 PM

I thought its been official since we had our own exchange near the NYE exchange no?

Plus the official bitlicense was given a couple months back.

yeah this is true, but it need time i think, two months is a bit too low to start a thing like this, isn't this true?

qiwoman2

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I am not really sure if this will bode well for Bitcoin getting into the hands of WALL ST SHARKS, Unless it just brings in more punters and hoarders and helps the market cap increase. For that reason alone it might have some positive offset, but only time will tell how they will play around with this new tech money toy.

Alley

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Overstock is the first to use colored coins to sell bonds on the blockchain. So transfer is instant rather then waiting 3 days.

lissandra

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what does overstock have to deal with wall street? lol.

umm, can someone explain that to me, unless its something where employees can trade their overstock shares to bitcoin.

Topic: Bitcoin has entered Wall street officially? (Read 2349 times)