Bloomberg's trading terminals now providing Bitcoin pricing (4/30/2014)

BitchicksHusband

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Quote from: Mythul on May 01, 2014, 07:41:58 AM

I just love magical internet money.

One serious question, if BTC reaches $50.000 / coin, why sell then since it would probably be less volatile with lots of infrastructure & services.

If it reaches that level it would be on par/better with/than fiat, gold...

Diversity. Even when bitcoin takes off like that, it's still better to diversify to protect your wealth.

pinksheep

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http://blogs.marketwatch.com/thetell/2014/04/30/could-bitcoin-prices-on-bloomberg-terminals-spur-investments/

Ibian

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Quote from: tins on May 01, 2014, 07:18:29 AM

We need to make sure that some people actually use btc to pay for service.
If they can show a bump in profit due to the acceptance of bitcoin, other companies will be more likely to follow suit.

Overstock already did that. Increased profits from accepting bitcoin.

pinksheep

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It's good news, but seems like it's going to take more than that to shift the price. I wonder what more is needed to achieve that? Grin

counter

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Time is on our side, yes it is!

This is a good thing for sure. I've seen many stories from Bloomberg on Bitcoin in the past so this seems very logical to me and others I'm sure.

pinksheep

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One serious question, if BTC reaches $50.000 / coin, why sell then since it would probably be less volatile with lots of infrastructure & services.

If it reaches that level it would be on par/better with/than fiat, gold...
[/quote]

I agree - if it reaches $50,000, we won't need to sell

Mythul

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Activity: 644

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I just love magical internet money.

One serious question, if BTC reaches $50.000 / coin, why sell then since it would probably be less volatile with lots of infrastructure & services.

If it reaches that level it would be on par/better with/than fiat, gold...

tins

hero member

Activity: 882

Merit: 500

We need to make sure that some people actually use btc to pay for service.
If they can show a bump in profit due to the acceptance of bitcoin, other companies will be more likely to follow suit.

Mayuyu48

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Activity: 644

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this is cool, thanks to bloomberg who provide BTC pricing
i hope many people will aware about bitcoin presence, especially someone with economic background

w0lverine

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Quote from: dannyspk on April 30, 2014, 08:22:07 PM

I just love how everything is forming up.. all the good news and yet the price remains stagnant.

Maybe like a sling, its building momentum and then... To the moon Grin

Quality TA right there

dannyspk

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I just love how everything is forming up.. all the good news and yet the price remains stagnant.

w0lverine

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First xapo debit card now bloomberg. That is quite refreshing after the whole chinese mumbo jumbo

jbrnt

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This is serious exposure for bitcoin. Traders may not invest in bitcoin yet. But as they see bitcoin prices climb, more and more would consider bitcoin as a serious asset to hold.

Ibian

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Quote from: bananaControl on April 30, 2014, 01:01:44 PM

Quote from: UnDerDoG81 on April 30, 2014, 12:34:05 PM

Quote from: pinksheep on April 30, 2014, 12:15:17 PM

Epic could be $5,000, $10,000, $50,000 etc

I wonder who will pay 50.000 for one single coin? BTC should now be tradet in mbtc to attract more people.

Only to then change it to μBTC in two years? No, change it to "bits" once and for all. 100 Satoshis to one bit and 1,000,000 bits to one BTC - perfect!

I like this. Easy to figure out even for muggles and catchy enough to become accepted.

This is obviously excellent news, but I suspect it will take a while before it has a big impact. Not sure how big money moves but I suspect they will want to be very sure of what they are doing first.

YipYip

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Quote from: pinksheep on April 30, 2014, 07:08:09 PM

I would have thought this news would have bumped up the price a little already though? I guess it takes time for people to buy, but for those already involved with Bitcoin it seems logical to buy before some more "big players" get in the game.

I'm amazed that it has had no effect whatsoever on the price. Out of all the days I've watched the BTC price, this day seems to have had the least ever movement.
[/quote]

Relax ..its a bear market ..so good news has no effect ...it does not matter a great deal as it is a INFRASTRUCTURAL development

Dont worry it will have an impact ..we are now standing on a 6 foot concrete slab to build our house that is crypto Cheesy

pinksheep

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It will hit $50,000, and it will happen faster than anyone here would expect.
[/quote]

Would you like to give us your prediction of how soon this could happen?

pinksheep

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I would have thought this news would have bumped up the price a little already though? I guess it takes time for people to buy, but for those already involved with Bitcoin it seems logical to buy before some more "big players" get in the game.
[/quote]

I'm amazed that it has had no effect whatsoever on the price. Out of all the days I've watched the BTC price, this day seems to have had the least ever movement.

kireinaha

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Activity: 350

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Quote from: UnDerDoG81 on April 30, 2014, 12:34:05 PM

Quote from: pinksheep on April 30, 2014, 12:15:17 PM

Epic could be $5,000, $10,000, $50,000 etc

I wonder who will pay 50.000 for one single coin? BTC should now be tradet in mbtc to attract more people.

Who would pay $200,000 for a Berkshire Hathaway.A share? People do! And the beauty of bitcoin is... you don't even need to buy a full share.

It will hit $50,000, and it will happen faster than anyone here would expect.

YipYip

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Quote from: Serge on April 30, 2014, 09:13:37 AM

this is a major milestone, bitcoin enters mainstream

Agreed

BitChick

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Quote from: UnDerDoG81 on April 30, 2014, 12:34:05 PM

Quote from: pinksheep on April 30, 2014, 12:15:17 PM

Epic could be $5,000, $10,000, $50,000 etc

I wonder who will pay 50.000 for one single coin? BTC should now be tradet in mbtc to attract more people.

I think it is only natural that it will come with time and the increase in price.

I would have thought this news would have bumped up the price a little already though? I guess it takes time for people to buy, but for those already involved with Bitcoin it seems logical to buy before some more "big players" get in the game.

bananaControl

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Decentralize All The Things!

Quote from: UnDerDoG81 on April 30, 2014, 12:34:05 PM

Quote from: pinksheep on April 30, 2014, 12:15:17 PM

Epic could be $5,000, $10,000, $50,000 etc

I wonder who will pay 50.000 for one single coin? BTC should now be tradet in mbtc to attract more people.

Only to then change it to μBTC in two years? No, change it to "bits" once and for all. 100 Satoshis to one bit and 1,000,000 bits to one BTC - perfect!

UnDerDoG81

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Activity: 2186

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Quote from: pinksheep on April 30, 2014, 12:15:17 PM

Epic could be $5,000, $10,000, $50,000 etc

I wonder who will pay 50.000 for one single coin? BTC should now be tradet in mbtc to attract more people.

sgbett

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omg this is terrible FUD. doesn't even mention china once. selling everything.

pinksheep

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Epic could be $5,000, $10,000, $50,000 etc

kireinaha

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Quote from: pinksheep on April 30, 2014, 12:04:47 PM

Quote from: Mythul on April 30, 2014, 11:54:30 AM

Man the next bubble is going to be epic ! Shocked

Mythul, any predictions about how epic?

How epic? Isn't epic itself good enough? Cheesy

pinksheep

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Quote from: Mythul on April 30, 2014, 11:54:30 AM

Man the next bubble is going to be epic ! Shocked

Mythul, any predictions about how epic?

Mythul

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Man the next bubble is going to be epic ! Shocked

pinksheep

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But those people would have been thinking in terms of linear growth. We're still in exponential growth.
[/quote]

Since I got involved we've been in exponential decline Sad

bananaControl

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Decentralize All The Things!

Does anyone have any numbers or demographics on the use of these Bloomberg terminals?

BTCtrader71

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Quote from: Raystonn on April 30, 2014, 08:10:39 AM

Bloomberg has announced the release of Bitcoin support in their trading terminals, used worldwide by over 320,000 trading professionals. The market makers of the world will now have instant access to immediate Bitcoin prices on an industry-standard trading platform. This places the virtual currency before the eyes of the movers and shakers of most of the world's money supply as they decide where to invest their $USD holdings.

http://www.bloomberg.com/now/2014-04-30/bitcoin-now-bloomberg/

Quote

... Regardless of your position, virtual currencies have become increasingly interesting to investors and financial market participants around the world. That’s why we are pleased to announce today that Bloomberg is providing bitcoin pricing to our 320,000+ global subscribers. ...

Imagine 1 or 2 years ago, asking whether this would happen, or when. People would probably have said: yeah, maybe in 5-10 years it will happen ....

But those people would have been thinking in terms of linear growth. We're still in exponential growth.

kireinaha

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This won't have any immediate impact on the market, but rest assured, it will make the upcoming mega bubble even larger as even more will have knowledge and easier access to bitcoin news! Shocked

Asrael999

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just typed it into my terminal
VCCY gives you a Virtual Currency Monitor
It shows the Coinbase and Kraken prices to USD and the Kraken Euro price
(no Bitstamp - yet)
It uses USD per XBT and EUR per XBT
so XBT not BTC

This is not quite the same as having XBT ccy or XBT cmdty , but its a step in the right direction

(for those who dont know ccy and cmdty are short codes in bloomberg for currency and commodity types)

pinksheep

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sure hope you're right but if it takes power away from the governments, surely they'll never let it happen?

BigMac

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Quote from: Serge on April 30, 2014, 09:13:37 AM

this is major milestone, bitcoin enters mainstream

This is just the beginning. One day we will see the bitcoin price daily in news, just like the gold and forex. Cheesy

pinksheep

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I agree, it sure look like a major milestone. Hopefully it'll translate into some major price movement soon

Serge

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this is a major milestone, bitcoin enters mainstream

pinksheep

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Wonder what the impact of this will be on the price of BTC? I'd imagine, if nothing else, it will result in more people at least having heard of bitcoin & hopefully encourage them to look into what exactly it is & realise that it has potential.

Raystonn

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Bloomberg has announced the release of Bitcoin support in their trading terminals, used worldwide by over 320,000 trading professionals. The market makers of the world will now have instant access to immediate Bitcoin prices on an industry-standard trading platform. This places the virtual currency before the eyes of the movers and shakers of most of the world's money supply as they decide where to invest their $USD holdings.

http://www.bloomberg.com/now/2014-04-30/bitcoin-now-bloomberg/

Quote

... Regardless of your position, virtual currencies have become increasingly interesting to investors and financial market participants around the world. That’s why we are pleased to announce today that Bloomberg is providing bitcoin pricing to our 320,000+ global subscribers. ...

Topic: Bloomberg's trading terminals now providing Bitcoin pricing (4/30/2014) (Read 1904 times)