I do believe that in this year many good news about cryptocurrency. I think if wall street start to trade cryptocurrency that will make crypto price will spike up and expert prediction that bitcoin can reach $25k will happen.
Better holding our coin/token for long term because financial institution start to trade on cryptomarket
Topic: Bitcoin Sees Wall Street Warm to Trading Virtual Currency (Read 131 times)
The mother of manipulators want to come into cryptocurrencies? Not too bad but we should be ready for high level of price manipulations as we know how those guy do manipulate stocks price. However this is also a good news as we can find out that at list this will be an adoption.
Got it good there lol.maybe this is one big reason why market now seems over manipulated,looks like they are connivance thats happening now with other big investors that we called whales..This type of movement is inevitable. Everyday that passes we'll see more news just like this. Definitely interested to see what the rest of the year has in store as far as institutional involvement.
Yes I agree that this type of movement is inevitable, with crypto currency being popular each day giant financial institution will surely venture on this alternative investment. Also many people already trusts or invested on this companies and them saying to invest in crypto currency will surely help get more investors in the crypto currency market.
I think in the future we will see more big companies/ banks that will also give you an option to invest in crypto currency.
I think institutional capital will just bring bigger volatility in the price. Currently we have a few long-term hoarders and Whales with good intentions , but on the other hand we have reckless speculators on Wall Street with access to large amounts of Fiat to buy enough bitcoins to disrupt the whole market and possibly the technology.
They will be using other people's money to pump and dump on a very large scale. This is the dangerous side of this, because they are doing this for short-term profits and they could care less for the technology.
They will be using other people's money to pump and dump on a very large scale. This is the dangerous side of this, because they are doing this for short-term profits and they could care less for the technology.
The mother of manipulators want to come into cryptocurrencies? Not too bad but we should be ready for high level of price manipulations as we know how those guy do manipulate stocks price. However this is also a good news as we can find out that at list this will be an adoption.
Got it good there lol.maybe this is one big reason why market now seems over manipulated,looks like they are connivance thats happening now with other big investors that we called whales..This type of movement is inevitable. Everyday that passes we'll see more news just like this. Definitely interested to see what the rest of the year has in store as far as institutional involvement.
Yes I agree that this type of movement is inevitable, with crypto currency being popular each day giant financial institution will surely venture on this alternative investment. Also many people already trusts or invested on this companies and them saying to invest in crypto currency will surely help get more investors in the crypto currency market.
I think in the future we will see more big companies/ banks that will also give you an option to invest in crypto currency.
This type of movement is inevitable. Everyday that passes we'll see more news just like this. Definitely interested to see what the rest of the year has in store as far as institutional involvement.
Yes I agree that this type of movement is inevitable, with crypto currency being popular each day giant financial institution will surely venture on this alternative investment. Also many people already trusts or invested on this companies and them saying to invest in crypto currency will surely help get more investors in the crypto currency market.
I think in the future we will see more big companies/ banks that will also give you an option to invest in crypto currency.
This type of movement is inevitable. Everyday that passes we'll see more news just like this. Definitely interested to see what the rest of the year has in store as far as institutional involvement.
Currently I consider that crypto coins are more value for short and medium time investments comparing with gold. Surely for long time investments gold is a favorite but now now gold is in stagnation and even can drop a little so crypto coins are very attractive for speculating and investing. I think that is why there are much negative information which is need to mislead people and not to give them a chance to earn with a new upward trend.
It was a matter of time before the mainstream starts to notice crypto. Buying out exchanges through intermediaries and the like are all going to be very common practice in the future for these mainstream financial firms, just as Goldman Sachs did with Poloniex.
The institutional demand and interest of BTC is definitely going to continue to rise in future years. Whenever there is news of a mainstream financial institutional entering the BTC market, it will shake up the crypto markets for sure. Although I'm very skeptical of the impacts of these instutional firms launching exchanges on the actual bitcoin users, since they are most likely going to be targeted for big time speculators only.
Hopefully these institutions don't trade or issue contracts associated with BTC price, but rather bitcoin itself. That is the main concern that I have.
The institutional demand and interest of BTC is definitely going to continue to rise in future years. Whenever there is news of a mainstream financial institutional entering the BTC market, it will shake up the crypto markets for sure. Although I'm very skeptical of the impacts of these instutional firms launching exchanges on the actual bitcoin users, since they are most likely going to be targeted for big time speculators only.
Hopefully these institutions don't trade or issue contracts associated with BTC price, but rather bitcoin itself. That is the main concern that I have.
Very good, I'm not getting my hopes up yet though.
Although I have some believe in it since we recently also had rumors about btc trading on wall street, and now the nasdaq. I want to believe
Although I have some believe in it since we recently also had rumors about btc trading on wall street, and now the nasdaq. I want to believe
I am still somewhat skeptical.
While overall is good, Bitcoin is getting accepted into the big boys' game, the big boys are banks; regulations will come upon us and I am not sure our banker "friends" will help making that good.
And don't be fooled, Goldman Sachs doesn't care a all about us or Bitcoin, all they've seen there is a lot of profit.
After becoming a really established financial instrument everything we need is a volume from banks and whales. We need the daily volume of bitcoin to be somehow close to the volume of good forex trading pairs. At that point none of the whales will be able to dump the price.While overall is good, Bitcoin is getting accepted into the big boys' game, the big boys are banks; regulations will come upon us and I am not sure our banker "friends" will help making that good.
And don't be fooled, Goldman Sachs doesn't care a all about us or Bitcoin, all they've seen there is a lot of profit.
Just imagine some european bank tryin to get rid of all its euros. With such a big volume it won't have any affect on the price.
I wont say its all good and totally bad because its a mixture of both when looked into analytically beyond the obvious of the advantages the article is trying to pass across.
On the good side of course, its going to boost credibility, bring in more money into the crypto industry and thereby increase the price of bitcoin and crypto currencies along the line which is something an average crypto enthusiast wants as a return on their investments in terms of money and time in the industry.
However, the bad side is going to be serious because, its a known fact that the industry is largely unregulated and the attention its getting is because the amount in the industry is not enough to distort the fiat financial system. With the coming of this large banks and their counterparts across the world means huge money is coming in which will lead to that aggressive regulation that might defeat the very essence of decentralization. Another fear is how they might monopolise the entire market just by single introduction of capital into the market.
On the good side of course, its going to boost credibility, bring in more money into the crypto industry and thereby increase the price of bitcoin and crypto currencies along the line which is something an average crypto enthusiast wants as a return on their investments in terms of money and time in the industry.
However, the bad side is going to be serious because, its a known fact that the industry is largely unregulated and the attention its getting is because the amount in the industry is not enough to distort the fiat financial system. With the coming of this large banks and their counterparts across the world means huge money is coming in which will lead to that aggressive regulation that might defeat the very essence of decentralization. Another fear is how they might monopolise the entire market just by single introduction of capital into the market.
I think this would be good for bitcoin. Big investors are gonna come crawling asking for a big buy. For the parent company of New York Stock Exchange, it will also be beneficial. Since the emergence of bitcoin, people, instead of buying stocks, would buy bitcoin instead. Many people are putting in a whole lot in bitcoin. They see a very good business in crypto that's why they would enter into the cryptoworld.
Quote
The chief executive of Nasdaq, Adena Friedman, recently said her company could also create a virtual-currency exchange if regulatory issues are ironed out. While several hedge funds have been buying and selling Bitcoin, most large institutional investors, such as mutual funds and pensions, have avoided it largely as a result of similar regulatory concerns.
I am more concerned on this part of the news, opening up an exchange which is run by NASDAQ is pretty big in terms of competition in the market, legally speaking other exchanges that even come first before this one might lose a lot of customers as this one will be licensed and approved by the government. The government of the U.S.A might even make the NASDAQ operated exchange be the official exchange of their country, which means that they will eliminate existing exchanges, and that possibility is a strong one as they will see that it will be easier to control one exchange compared to a dozen exchanges each operating individually.
--snip--
It's unlikely that anything would actually be done to help BTC adoption in the masses increase.
You can't stop them though, and it has to happen sooner or later. We're currently completely speculating about the impacts of these mainstream financial firms entering BTC, especially when nothing has been done or launched yet. But at least it proves BTC's credibility, and ability to go mainstream to hesitant investors or doubters.
BTC adoption by masses will now depend mainly on the success of LN. Even if people don't use it so much in the beginning, the ability to prove capacity with layer-2 solutions can be the next major milestone for bitcoin.It's unlikely that anything would actually be done to help BTC adoption in the masses increase.
You can't stop them though, and it has to happen sooner or later. We're currently completely speculating about the impacts of these mainstream financial firms entering BTC, especially when nothing has been done or launched yet. But at least it proves BTC's credibility, and ability to go mainstream to hesitant investors or doubters.
Right now far too many big names are hogging the limelight in terms of adoption and we don't see much momentum in the smaller spaces. Activity related to merchant adoption and such would be much more welcome than these uncertain announcements from the bigwigs. Their intentions are little else than ensuring that the rich clientele doesn't miss the bus.
Offcourse good
But we shouldn't forget that they are only rumors thus we cannot surely gaurentee the fact that it's gonna happen.
fiulpro, with your post two things come to mind:But we shouldn't forget that they are only rumors thus we cannot surely gaurentee the fact that it's gonna happen.
1. No smoke without fire.
2. Behind every rumour there is an element of truth.
We should even begin to see this piece of news as an acceptable reality first before clouding it with doubt. Already, I think this is long overdue. It's a good thing coming from the Wall Street as a public endorsement from that quarter will quickly provide a boost to the crypto world. Kudos, Goldman.
The mother of manipulators want to come into cryptocurrencies? Not too bad but we should be ready for high level of price manipulations as we know how those guy do manipulate stocks price. However this is also a good news as we can find out that at list this will be an adoption.
Wouldn't that make markets more interesting to trade into? Let them manipulate market so long as they can, let's just try to ride the wave they will create. You are right though that this news is a significant boost in adoption rate of cryptocurrencies in general. Nevertheless, I do hope that those big players of stocks wouldn't overdo the manipulation, since it can be unhealthy for btc and crypto in the long run.The mother of manipulators want to come into cryptocurrencies? Not too bad but we should be ready for high level of price manipulations as we know how those guy do manipulate stocks price. However this is also a good news as we can find out that at list this will be an adoption.
Wouldn't that make markets more interesting to trade into? Let them manipulate market so long as they can, let's just try to ride the wave they will create. You are right though that this news is a significant boost in adoption rate of cryptocurrencies in general. Nevertheless, I do hope that those big players of stocks wouldn't overdo the manipulation, since it can be unhealthy for btc and crypto in the long run.
The same people that previously doubted bitcoin's ability to go mainstream as an asset, and as a currency, will be the ones in the future that are trying to venture into the BTC ecosystem the quickest and make their name known. That will most likely become a trend in the future.
I agree though, I can see that these Wall Street firms most likely will only cater their services to high end, large investors, or institutional investors. It's unlikely that anything would actually be done to help BTC adoption in the masses increase.
You can't stop them though, and it has to happen sooner or later. We're currently completely speculating about the impacts of these mainstream financial firms entering BTC, especially when nothing has been done or launched yet. But at least it proves BTC's credibility, and ability to go mainstream to hesitant investors or doubters.
I agree though, I can see that these Wall Street firms most likely will only cater their services to high end, large investors, or institutional investors. It's unlikely that anything would actually be done to help BTC adoption in the masses increase.
You can't stop them though, and it has to happen sooner or later. We're currently completely speculating about the impacts of these mainstream financial firms entering BTC, especially when nothing has been done or launched yet. But at least it proves BTC's credibility, and ability to go mainstream to hesitant investors or doubters.
The mother of manipulators want to come into cryptocurrencies? Not too bad but we should be ready for high level of price manipulations as we know how those guy do manipulate stocks price. However this is also a good news as we can find out that at list this will be an adoption.
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