Kraken.com 'Forex meets Bitcoin exchange'

albus

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Quote from: Coiner.de on December 04, 2014, 11:13:51 AM

As nobody mentioned it:
The answer is in the sentence that follows at kraken.com, "Now available on Bloomberg Terminal due to customer demand".

https://en.wikipedia.org/wiki/Bloomberg_Terminal

That is, forex traders are able to trade Bitcoin like any other currency and with the tool they are used to.

nope, in the terminal you just get the prices, you certainly cannot trade directly btc (XBT) from there.

albus

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Quote from: caribbeanbitcoiner on December 04, 2014, 12:26:35 AM

Which term makes more sense Bitcoin Forex or Bitcoin Trading and why?

as long as bitcoin is a currency, this is the same.

Coiner.de

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As nobody mentioned it:
The answer is in the sentence that follows at kraken.com, "Now available on Bloomberg Terminal due to customer demand".

https://en.wikipedia.org/wiki/Bloomberg_Terminal

That is, forex traders are able to trade Bitcoin like any other currency and with the tool they are used to.

caribbeanbitcoiner

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Which term makes more sense Bitcoin Forex or Bitcoin Trading and why?

sniveling

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They have recently opened new markets, now you can trade bitcoin against USD, EURO, and GBP. If you live in europe you can withdraw EURO and GBP using SEPA. Most exchanges only let you trade against USD and if you withdraw to a country that uses something else besides USD you have to pay exchange rate fees to convert yo your local currency.

nguyenducquy

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btc-e \m/

albus

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Quote from: nguyenducquy on December 01, 2014, 10:13:24 AM

lol, most of my money via bitcoin is earned from exchanging, bitcoin was already e-currency forex at the begining

which exchanges do you use ?

nguyenducquy

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lol, most of my money via bitcoin is earned from exchanging, bitcoin was already e-currency forex at the begining

albus

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Quote from: caribbeanbitcoiner on December 01, 2014, 02:47:14 AM

Quote from: albus on December 01, 2014, 01:29:54 AM

Quote from: caribbeanbitcoiner on December 01, 2014, 01:17:40 AM

so you guys are saying there will never be a true 'Bitcoin Forex'?

No, I'm just saying that their tagline is just meant to get as many terms that are nice to search engines as possible. to get better search results. They could also use "FX meets foreign exchange in digital currencies and bitcoin"

forex==currency exchange=FX

bitcoin is already considered as forex by many financial sources.

So by those terms would 'bitcoin forex' mean 'bitcoin exchange' Huh

yes exactly. forex means precisely (https://en.wikipedia.org/wiki/Foreign_exchange_market) currency exchange. so bitcoin exchange is forex insofar as bitcoin is a currency, and it has been recognized as such by several countries already.

caribbeanbitcoiner

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Quote from: albus on December 01, 2014, 01:29:54 AM

Quote from: caribbeanbitcoiner on December 01, 2014, 01:17:40 AM

so you guys are saying there will never be a true 'Bitcoin Forex'?

No, I'm just saying that their tagline is just meant to get as many terms that are nice to search engines as possible. to get better search results. They could also use "FX meets foreign exchange in digital currencies and bitcoin"

forex==currency exchange=FX

bitcoin is already considered as forex by many financial sources.

So by those terms would 'bitcoin forex' mean 'bitcoin exchange' Huh

albus

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Quote from: caribbeanbitcoiner on December 01, 2014, 01:17:40 AM

so you guys are saying there will never be a true 'Bitcoin Forex'?

No, I'm just saying that their tagline is just meant to get as many terms that are nice to search engines as possible. to get better search results. They could also use "FX meets foreign exchange in digital currencies and bitcoin"

forex==currency exchange=FX

bitcoin is already considered as forex by many financial sources.

caribbeanbitcoiner

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so you guys are saying there will never be a true 'Bitcoin Forex'?

albus

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That's just a big SEO optimization BS...

caribbeanbitcoiner

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so if bitcoins are considered 'currency' by some would the term 'Bitcoin Forex' make sense?

Meuh6879

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they want use the volatility of bitcoin to "make" money ... and they will loose again bitcoin, for sure.
because, in bitcoin, you MUST PAY to play ... Grin

digital money (bitcoin) is not virtual currency (QE) like in the FOREX.

mprep

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In a world of peaches, don't ask for apple sauce

Probably that you can trade (for profit, rather than just to exchange to a different currency) various currencies including Bitcoin.

franky1

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forex is the main international institutional exchange for foreign currency
kraken is presuming, by the sentence you wrote to be the bitcoin exchange equivalent

caribbeanbitcoiner

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Can someone with a better understanding of finance explain what the term 'Forex meets Bitcoin exchange' means.

Topic: Kraken.com 'Forex meets Bitcoin exchange' (Read 1601 times)