Pages:
Author

Topic: How much wall street money will be pouring into bitcoin now? - page 2. (Read 3093 times)

newbie
Activity: 56
Merit: 0
The Gemini exchange and ETF  seems to be just around the corner!

Time to speculate how much money will be pouring into the system and wear seat belts for the takeoff  to moon

ETF will not come with this ridiculous volatility and manipulation

Wallstreet is not coming soon
sr. member
Activity: 427
Merit: 250


They're getting old Cheesy time speeds up lately.

omg they wear almost same clothes too, this is borderline freak, surely will scare a lot of potential investors.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

Sure, diversifying in altcoins that no one cares sounds like a good idea  Roll Eyes

My thoughts:

1) COIN won't get the SEC approval anytime soon; the potential lose of tax revenue for USG is too large currently and not enough regulations are in place (yet)

2) Winklevii know this; why not front run an ETF with your own exchange? They would be the equivalent of the NYSE if eventually they get ETF approval (They'd be their own market mover).

*I really dislike the fact that I see many of BTC's new infrastructure going the way of our current financial system. A great technology is being lost through osmosis of its best parts into a financially and morally corrupt banking system.

Bitcoin infrastructure is going both way. Haven't you heard of Lighthouse, Bitsquare and OpenBazaar? Bitcoin infrastructure being developed both way is good for broader adoption, one for legitimacy and mainstream adoption and the second one for the honeybadgers of this world. All connected with the same currency.
legendary
Activity: 1204
Merit: 1028
I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

I think the key thing here is that they have secured a NY bank as their backers and appear to be doing everything by the book and make a the exchange 100% culpable and legitimate. It may not seem much to you or I (and others on these forums that know how to secure their BTC) but it might make the difference to some wealthly old guy or average 2.4 children family that don't have technical peace of mind but want to try out Bitcoin.

That's the way I see it, anyway.
Yeah, it makes sense from an older POV guy that wants to invest. Only if we could get Warren Buffet to wake up and drop some millions on it, poor guy has become a stagnant dinosaur when it comes to crypto.
sr. member
Activity: 479
Merit: 500
if the ETF happens, and it probably won't, it won't necessarily mean money "coming into" bitcoin as it used to -- before options/leveraged markets existed. a regulated fund could lead to highly liquid markets in options, etc, but there is a good chance it actually pushes price down.
full member
Activity: 420
Merit: 117
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

Sure, diversifying in altcoins that no one cares sounds like a good idea  Roll Eyes

My thoughts:

1) COIN won't get the SEC approval anytime soon; the potential lose of tax revenue for USG is too large currently and not enough regulations are in place (yet)

2) Winklevii know this; why not front run an ETF with your own exchange? They would be the equivalent of the NYSE if eventually they get ETF approval (They'd be their own market mover).

*I really dislike the fact that I see many of BTC's new infrastructure going the way of our current financial system. A great technology is being lost through osmosis of its best parts into a financially and morally corrupt banking system.

You could be right. Ultimately if bitcoin becomes successful as a digital 'gold' like asset of fixed scarcity with internet utility, then the price will rise dramatically, encumbered or bossed by derivatives markets or not Smiley

Yep, I could totally see a future were BTC technology is separated into two parts: 1) derivatives/finance/store of value/reserve status and 2) blockchain technology: payments/remittances/transactions/invoicing, etc.
legendary
Activity: 1176
Merit: 1000
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

Sure, diversifying in altcoins that no one cares sounds like a good idea  Roll Eyes

My thoughts:

1) COIN won't get the SEC approval anytime soon; the potential lose of tax revenue for USG is too large currently and not enough regulations are in place (yet)

2) Winklevii know this; why not front run an ETF with your own exchange? They would be the equivalent of the NYSE if eventually they get ETF approval (They'd be their own market mover).

*I really dislike the fact that I see many of BTC's new infrastructure going the way of our current financial system. A great technology is being lost through osmosis of its best parts into a financially and morally corrupt banking system.

You could be right. Ultimately if bitcoin becomes successful as a digital 'gold' like asset of fixed scarcity with internet utility, then the price will rise dramatically, encumbered or bossed by derivatives markets or not Smiley
full member
Activity: 420
Merit: 117
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

Sure, diversifying in altcoins that no one cares sounds like a good idea  Roll Eyes

My thoughts:

1) COIN won't get the SEC approval anytime soon; the potential lose of tax revenue for USG is too large currently and not enough regulations are in place (yet)

2) Winklevii know this; why not front run an ETF with your own exchange? They would be the equivalent of the NYSE if eventually they get ETF approval (They'd be their own market mover).

*I really dislike the fact that I see many of BTC's new infrastructure going the way of our current financial system. A great technology is being lost through osmosis of its best parts into a financially and morally corrupt banking system.
sr. member
Activity: 294
Merit: 250
I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

I think the key thing here is that they have secured a NY bank as their backers and appear to be doing everything by the book and make a the exchange 100% culpable and legitimate. It may not seem much to you or I (and others on these forums that know how to secure their BTC) but it might make the difference to some wealthly old guy or average 2.4 children family that don't have technical peace of mind but want to try out Bitcoin.

That's the way I see it, anyway.
legendary
Activity: 1937
Merit: 1001
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

Yes let's waste money on scam coins, great idea! Sorry, i lolled hard with this one.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.

Sure, diversifying in altcoins that no one cares sounds like a good idea  Roll Eyes
hero member
Activity: 770
Merit: 509
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.



I hope they are at least diversifying all these Bitcoins into other crypto projects. All eggs in same cryptobasket = bad idea.
Also exchanges are a thing of the past, at least centralized ones.
full member
Activity: 420
Merit: 117
Casual correlation:

1) Winklevii have long been trying to establish an ETF (COIN)

2) Recently, the Winklevii would like to start a BTC exchange (Gemini)


=> Winklevii may not be as optimistic as they once were regarding COIN, so now they look to start an exchange as a place to put their coins to use.

legendary
Activity: 2002
Merit: 1040
Also consider, none of these investors are getting into bitcoin. At best they get involved with companies that deal with the bitcoin ecosystem. So it won't affect the price at all.

So you assume the market is unilateral and has no spectrum? Really?

Of course there will be investors interested in holding bitcoin, they will use different paths to get them. Paths that are already there for years and as such we can not expect there to be a big movement in that regard.

You contradict yourself.
legendary
Activity: 1937
Merit: 1001
Also consider, none of these investors are getting into bitcoin. At best they get involved with companies that deal with the bitcoin ecosystem. So it won't affect the price at all.

So you assume the market is unilateral and has no spectrum? Really?

Of course there will be investors interested in holding bitcoin, they will use different paths to get them. Paths that are already there for years and as such we can not expect there to be a big movement in that regard.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
Also consider, none of these investors are getting into bitcoin. At best they get involved with companies that deal with the bitcoin ecosystem. So it won't affect the price at all.

So you assume the market is unilateral and has no spectrum? Really?
legendary
Activity: 1937
Merit: 1001
Also consider, none of these investors are getting into bitcoin. At best they get involved with companies that deal with the bitcoin ecosystem. So it won't affect the price at all.
legendary
Activity: 2338
Merit: 1035
Well... officially it would be (nearly) 0.
And the unofficial amounts we never knew and will never know.

Much less than you'd expect, however, because the altcoin market can also be seen as a potential investment, maybe even better than bitcoin. Sorry if this hurts the self-esteem of some bitcoiners..

ALL altcoins have slowly been bleeding out since early 2014.
You shouldn't expect to be taken seriously with a sentence like that Wink
Q7
sr. member
Activity: 448
Merit: 250
When you say pouring in, I'm sure that's not directly buying into bitcoin per se. What they are investing in is similar like any other business venture, and they are only concerned about the profit of a company they have invested in.... Whether it is earning either in fiat or btc. I would like to be optimistic but let's see what impact it has on the price.
legendary
Activity: 2170
Merit: 1427
Bringing bitcoin manipulation to a much larger audience  Tongue

Everything with value and option to trade is being manipulated for hundreds of years.

Nothing will change, that's how everything works in an economy.

I only hope at one day we will have a stable price without large swings.
Pages:
Jump to: