Here comes the big money... - page 2.

techgeek

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Quote from: hector3115 on April 05, 2015, 06:44:10 PM

http://www.wsj.com/articles/big-investor-involvement-could-boost-bitcoin-1428259814

http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-bitcoins-potential/

Wall Street was clearly waiting for regulation and the outlook is becoming much clearer. The etf is something they feel they can work with.

This is what we are looking for esp the ETF. New money coming in from traditional global investors, will def increase the price.

IF it passes, and someone does create the ETF (insert rich person who forms it) then we probably see it jump overnight like the mt.gox situation. Then you got billionaires like warren buffet who doesnt know a damn thing, will still invest some small portion to test since its a traditional form of investment.

xmasdobo

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Quote from: hector3115 on April 05, 2015, 06:44:10 PM

http://www.wsj.com/articles/big-investor-involvement-could-boost-bitcoin-1428259814

http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-bitcoins-potential/

Wall Street was clearly waiting for regulation and the outlook is becoming much clearer. The etf is something they feel they can work with.

The big money will enter when least expected and the fudster will cry for days.

LOBSTER

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I actually don't want a "boost". What Bitcoin needs is long-term acceptance to everyone in the world and not just the greedy investors who want the fast money.

MF Doom

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Quote from: WhatTheGox on April 06, 2015, 07:58:34 AM

Quote from: MF Doom on April 06, 2015, 06:33:06 AM

Quote from: uki on April 06, 2015, 04:59:02 AM

Still, it is just very weak news in the sense that it is purely speculative. Until there are no hard facts to support such development I wouldn't expect any bigger influence on the price.

I agree. The mere fact of a mention in the WSJ doesn't mean much. You can find btc mentioned in Forbes, Fortune, investment shows, etc all the time. This is just another stretch made in the minds of the "superbulls" on here to justify holding their dwindling "investment"

WSJ seems like perma bulls on bitcoin they must be holding a decent size chunk of coin. Yahoo seems the same, all good stuff when the price goes crazy again.

They jsut want to write articles that will attract attention period. Whether its good news or bad, they make advertising money off hits, so they will push any story regardless if it really means much in the real world.

WhatTheGox

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Quote from: MF Doom on April 06, 2015, 06:33:06 AM

Quote from: uki on April 06, 2015, 04:59:02 AM

Still, it is just very weak news in the sense that it is purely speculative. Until there are no hard facts to support such development I wouldn't expect any bigger influence on the price.

I agree. The mere fact of a mention in the WSJ doesn't mean much. You can find btc mentioned in Forbes, Fortune, investment shows, etc all the time. This is just another stretch made in the minds of the "superbulls" on here to justify holding their dwindling "investment"

WSJ seems like perma bulls on bitcoin they must be holding a decent size chunk of coin. Yahoo seems the same, all good stuff when the price goes crazy again.

MF Doom

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Quote from: uki on April 06, 2015, 04:59:02 AM

Still, it is just very weak news in the sense that it is purely speculative. Until there are no hard facts to support such development I wouldn't expect any bigger influence on the price.

I agree. The mere fact of a mention in the WSJ doesn't mean much. You can find btc mentioned in Forbes, Fortune, investment shows, etc all the time. This is just another stretch made in the minds of the "superbulls" on here to justify holding their dwindling "investment"

uki

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cryptojunk bag holder

Still, it is just very weak news in the sense that it is purely speculative. Until there are no hard facts to support such development I wouldn't expect any bigger influence on the price.

WhatTheGox

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Quote from: umairsaleem on April 05, 2015, 09:26:04 PM

Wall street big money, this have been mentioned for thousands times, but seems they never come with their big money and big pump to market. Anyway I'm glad we back to $260 today.

Quote

Don't worry, we will slowly slide back down to 240 soon.

Oh the days when i used to worry about a $20 swing haha. Even a $200 swing up would see me pretty calm these days but it could mean the next bubble if that happened

micalith

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Quote from: vokain on April 05, 2015, 10:41:19 PM

Quote from: umairsaleem on April 05, 2015, 09:26:04 PM

Wall street big money, this have been mentioned for thousands times, but seems they never come with their big money and big pump to market. Anyway I'm glad we back to $260 today.

I feel like sophisticated finance is not the type to accumulate like every day people. I imagine some sort of crazy math refined by stress testing rakes up all the money from normal speculators, no matter which direction they want to go. We know they're definitely in Bitcoin. Why would you rather pump up the price making everyone rich when you could keep more of the fiat influx to yourself setting up trading ranges you can more or less control i.e. profit in both directions? But maybe I'm too paranoid.

I wouldn't be surprised. The thing is, if they do have some sort of clever profit system, it's likely to increase overall liquidity and stability

Cconvert2G36

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We're talking 10-24.3 btc worth here. Mostly like a ping to entice someone to place an ask.

vokain

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Quote from: Cconvert2G36 on April 06, 2015, 01:06:17 AM

Quote from: vokain on April 06, 2015, 01:03:40 AM

Thank you. I don't understand why they would bid over spot though?

They're likely place holder bids, expect it to adjust (probably drastically) when someone actually is willing to sell some shares.

Are these basically public limit orders?

What's the advantage to having a placeholder instead of just submitting a bid at or right before open? My thoughts lie on manipulation/appearing a certain way, but I'm ignorant of other reasons.

Cconvert2G36

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Quote from: vokain on April 06, 2015, 01:03:40 AM

Thank you. I don't understand why they would bid over spot though?

They're likely place holder bids, expect it to adjust (probably drastically) when someone actually is willing to sell some shares.

vokain

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Quote from: Cconvert2G36 on April 06, 2015, 01:00:04 AM

Quote from: ?? on ??

Quote from: Cconvert2G36 on April 06, 2015, 12:52:41 AM

Yeah, GBTC.

http://www.otcmarkets.com/stock/GBTC/quote

How do I relate share price to BTC/USD?

One share of GBTC represents 0.1btc. Minus fees.

Thank you. I don't understand why they would bid over spot though?

Cconvert2G36

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Quote from: ?? on ??

Quote from: Cconvert2G36 on April 06, 2015, 12:52:41 AM

Yeah, GBTC.

http://www.otcmarkets.com/stock/GBTC/quote

How do I relate share price to BTC/USD?

One share of GBTC represents 0.1btc. Minus fees.

Cconvert2G36

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Yeah, GBTC.

http://www.otcmarkets.com/stock/GBTC/quote

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Cconvert2G36 on April 06, 2015, 12:31:40 AM

Existing bids:

Code:

Canaccord Genuity Inc		   100	35.51
KCG Americas LLC		   100	35.50
Wedbush Securities Inc		   100	31.50
Citadel Securities		   243	25.00
Puma Capital, LLC		   100	25.00
Merriman Curhan Ford & Co	   100	20.00

Bids on what? The GBTC shares?
Got a source?

Cconvert2G36

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Existing bids:

Code:

Canaccord Genuity Inc		   100	35.51
KCG Americas LLC		   100	35.50
Wedbush Securities Inc		   100	31.50
Citadel Securities		   243	25.00
Puma Capital, LLC		   100	25.00
Merriman Curhan Ford & Co	   100	20.00

chriswen

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Also gives info for Cumberland mining (auction winner)

vokain

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Quote from: umairsaleem on April 05, 2015, 09:26:04 PM

Wall street big money, this have been mentioned for thousands times, but seems they never come with their big money and big pump to market. Anyway I'm glad we back to $260 today.

I feel like sophisticated finance is not the type to accumulate like every day people. I imagine some sort of crazy math refined by stress testing rakes up all the money from normal speculators, no matter which direction they want to go. We know they're definitely in Bitcoin. Why would you rather pump up the price making everyone rich when you could keep more of the fiat influx to yourself setting up trading ranges you can more or less control i.e. profit in both directions? But maybe I'm too paranoid.

stonerider

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Don't worry, we will slowly slide back down to 240 soon.

Topic: Here comes the big money... - page 2. (Read 3605 times)