Public stock markets welcomes cryptocurrencies , is it even necessary

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Quote

Even though the Grayscale shares trade at a premium to the price of the asset, they have found favor with some institutional investors concerned about investing in Bitcoin and other crypto assets directly.

Uh, yeah....I think I'd rather own cryptocurrencies outright, in my own wallet, and not pay a premium for a middleman that doesn't need to exist. The article also states that Grayscale "has found a niche selling [their offering of crypto] in the forms of shares" but it remains to be seen whether they're going to have any success in getting people to buy those shares.

Institutional investors might have some interest in stocks like these, but for the average Johnny Lunchbox on the street, he'd be far better off just buying bitcoin/BCH/LTC from a crypto exchange and holding it in a secure wallet. Definitely not stocks I'd want in my portfolio.

Amel

legendary

Activity: 1638

Merit: 1033

I think it's time for public stock markets to welcome cryptocurrency now. Cryptocurrency is currently making waves around the world. Now is the time to add to the public stock market. If this happens then a link will be created between the public stock market and the cryptocurrency market. This will create a relationship between the people of the two markets.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Quote from: meanwords on July 22, 2020, 03:31:33 AM

Quote from: yazher on July 22, 2020, 01:14:23 AM

Quote from: mk4 on July 21, 2020, 05:24:37 AM

The thing is, there are people out there that want to take advantage of bitcoin's volatility, potential price rise, and it being a potential market hedge, who don't care about stuff like self-custody and privacy. The people who will use this are simply the typical investors and traders.

While I'm not a fan of it, whatever. If some people want to use these investing instruments, let them. At the very least, we're at least getting more market liquidity, which is always a good thing.

More important about the happening today on Bitcoin is it gains more popularity than ever which is good for the whole crypto industry because this is bitcoin we are talking about, not just some ordinary altcoins. Let's hope that this kind of news will continue for BTC so that the negative impact which was created by those scammers will soon vanish.

To be honest, I don't really see scams vanishing anytime soon or ever. Just look at how dollars are, do you see scamming dwindling? No, but with the semi-anonymous feature of Bitcoin, it's in fact easier to scam than any fiat. I don't know if this news is a good thing or not because people using Bitcoin in a public stock market means that they don't care about their identity (which I think a lot doesn't anyway) but this also means that some investors might get introduced to cryptocurrency too.

The best way to fight those fraudsters either online or offline is to educate ourselves regarding any investments.
There are lots of people who always believe any offer to them are legitimate.

As people become suited of knowledge, they become more careful to invest.

And those fraudster will be lessen because scamming will be really hard to do if people are intelligent enough to avoid and protect themselves from frauds.

gamer4156

sr. member

Activity: 1008

Merit: 250

I can't say right now if it's necessary. Although this will not be a problem, some people may have problems. I doubt if everyone in the public stock market is aware of Bitcoin or cryptocurrency. If this happens it will be a very pleasant thing for many.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

It is not necessary. Does it have to be like that? Of course not.

But the market is now being offered to the largest clientele possible that is why it is now being offered in the traditional stock market. This does not mean anything except that it is now being made available to people, stock traders particularly, who used to play within their own old playgrounds only.

This is considered growth if what we have in mind is attracting more cryptocurrency buyers and traders.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

What I don't get is :

Why buying Bitcoins from these stock markets even exist? People don't have the freedom to sell for a short while plus why do you even need a middle man ?

Is this :
- lack of education regarding Bitcoins and wallets
- trust with the concerned company

It is more likely trust on the platform. More or less people who are very familiar with stock market will always plays with it and more probably shy away from platform that they are not used to. Those who knew cryptocurrency market will not buy into this scheme but those who are already trading in stock market will see this as an addition to their option.

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

Should we even buy Bitcoins from a stock market ?
- I personally would never do that since it will more or so compromise my freedom for a short period of time and what if at that time we might be benefited ?

Well, we have known a better market where we can take advantage of the opportunity offered by cryptocurrency, why would we shift platform and be restricted?

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

What are your thoughts on this ?
-Is it essential , should it even exist?

It is for those who wanted to take advantage of cryptocurrency specifically Bitcoin in that platform. In business, it doesn't matter, all matters is if there is profit to be gained then why not.

kawetsriyanto

legendary

Activity: 2436

Merit: 1140

duelbits.com

So far, in my area there are many people who think that Bitcoin investment is the same as investing in stocks. Yeah, maybe this depends on each person's knowledge. And you are right that in the investment world, stock markets are still king. The emergence of Bitcoin and other cryptocurrencies actually become pros cons which until now has not been resolved. Many people still think that Bitcoin and cryptocurrency are not real investments, they don't even think that crypto is safe for investment. And if it is in accordance with this news, this is a very good progress. However, will this news really affect the thoughts and considerations of stock market investors to also invest in Bitcoin?

ene1980

hero member

Activity: 2002

Merit: 535

Quote from: slaman29 on July 22, 2020, 05:55:14 AM

Pretty cool to see Litecoin being named one of the stocks they're getting into, I mean, yeah it's an altcoin and Charlie Lee left it (but not the Foundation) and I've always held on to my few LTC as an alternative way to move my BTC (exchange, then send, always cheap and fast for sure). Good for LTC:)

The only reason we might not see a huge rally in litecoin is because of the reason Charlie Lee publicly accepted that he dumped his coins and made a huge profit and any investor who is wise enough especially fund houses will not find that appealing to invest in it even to pump the coin but for fun there are many coin out there including doge.

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

Should we even buy Bitcoins from a stock market ?
- I personally would never do that since it will more or so compromise my freedom for a short period of time and what if at that time we might be benefited ?

This is subject to the ease at which i can invest and the transaction charges they provide, if these ventures allow you to purchase bitcoin at a much lesser fees and faster why not. To be frank it will not compromise my freedom as i will be comfortable using these regulated markets than sending money to some random exchanges and then verifying my identity hoping that they will not misue.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Pretty cool to see Litecoin being named one of the stocks they're getting into, I mean, yeah it's an altcoin and Charlie Lee left it (but not the Foundation) and I've always held on to my few LTC as an alternative way to move my BTC (exchange, then send, always cheap and fast for sure). Good for LTC:)

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Additional Publicity and Additional Liquidity.

I think this is are the benefits of this since some of the stock market traders doesn't either knows cryptocurrency but don't want to engage or they don't know crypto at all. Either way, this is beneficial for those traders and investors since they know crypto as another form of investment and not a currency (unfortunately).

This move isn't necessary TBH but since it is there already and it has been done, lets just be thankful that they've added crypto in stock markets.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

What are your thoughts on this ?
-Is it essential , should it even exist?

Just as you said in your statement in the OP :

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

the fact that new cryptocurrencies are being added means we have had a great market support form the Investors.

This alone could support your doubt on Bitcoin investment in a form of stocks.

There are people who feel safe buying shares in company's the offers the trust in a form of stocks. Most of them might have been less educated on basic fundamentals of crypto/Bitcoin and wallets like what you have mentioned. Or, just want to have a convenience in making profit from a highly volatile asset.

Nevertheless, Grayscale Investment was smart enough to add these popular cryptos as a form of stocks, after they noticed the volume of trades in the leading crypto trading platforms.

Quote

While cryptocurrency enthusiasts typically purchase Litecoin and other digital currencies directly on dedicated crypto exchanges like Coinbase or Binance, Grayscale has found a niche selling them in the forms of shares.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

Cryptocurrencies are often compared with stock markets they do share many attributes but are different at the same time.

Stocks are a big thing , therefore when they apparently are going to include Bitcoin cash and litecoin I do think it would be a big step for cryptocurrencies . This would also clear out the air that it's not a hoax , I have seen people using stocks but at the same time they are scared of using Bitcoins , those people might now be benefited .

What are your thoughts on this ?
-Is it essential , should it even exist?

( This in no way does mean the news is not good , since it would mean that the cryptocurrencies will get more exposure to the general public )

I don't like SEC due to all the troubles they've been causing to the crypto market, but I do agree when they say things like this. It's about Bitcoin not being a security, not being like stocks and bonds. Indeed, there's always something standing behind the stock. It can be houses, corn or whatever else, but it's a real product. So for Bitcoin to be stock, it would have to represent a certain product. Some altcoins do things like this (I mean tokens), but Bitcoin is itself the product, not some financial representation of it. So I don't think stock exchanges should offer trading Bitcoin or that Bitcoin should be regulated like stock.

meanwords

full member

Activity: 1624

Merit: 163

Quote from: yazher on July 22, 2020, 01:14:23 AM

Quote from: mk4 on July 21, 2020, 05:24:37 AM

The thing is, there are people out there that want to take advantage of bitcoin's volatility, potential price rise, and it being a potential market hedge, who don't care about stuff like self-custody and privacy. The people who will use this are simply the typical investors and traders.

While I'm not a fan of it, whatever. If some people want to use these investing instruments, let them. At the very least, we're at least getting more market liquidity, which is always a good thing.

More important about the happening today on Bitcoin is it gains more popularity than ever which is good for the whole crypto industry because this is bitcoin we are talking about, not just some ordinary altcoins. Let's hope that this kind of news will continue for BTC so that the negative impact which was created by those scammers will soon vanish.

To be honest, I don't really see scams vanishing anytime soon or ever. Just look at how dollars are, do you see scamming dwindling? No, but with the semi-anonymous feature of Bitcoin, it's in fact easier to scam than any fiat. I don't know if this news is a good thing or not because people using Bitcoin in a public stock market means that they don't care about their identity (which I think a lot doesn't anyway) but this also means that some investors might get introduced to cryptocurrency too.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: mk4 on July 21, 2020, 05:24:37 AM

The thing is, there are people out there that want to take advantage of bitcoin's volatility, potential price rise, and it being a potential market hedge, who don't care about stuff like self-custody and privacy. The people who will use this are simply the typical investors and traders.

While I'm not a fan of it, whatever. If some people want to use these investing instruments, let them. At the very least, we're at least getting more market liquidity, which is always a good thing.

More important about the happening today on Bitcoin is it gains more popularity than ever which is good for the whole crypto industry because this is bitcoin we are talking about, not just some ordinary altcoins. Let's hope that this kind of news will continue for BTC so that the negative impact which was created by those scammers will soon vanish.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

By March 10, 2020 Grayscale Bitcoin Trust (GBTC) issued 311,309,400 shares which is equivalent to 300,619 BTC or roughly $1.5 Billion worth of bitcoins at the time, so they are not small players in the market. Source : https://news.bitcoin.com/grayscale-bitcoin-trust-slides-30/

It is with regret that I see that they are exposing their investors to BCash now, because we know it is not the real deal and investors will probably opt for the cheaper BCash now, thinking that it was the real deal. (BTC) Roll Eyes

I hope Grayscale Bitcoin Trust will educate their investors with the difference between Bitcoin (BTC) and BCash (the wannabe Bitcoin) Roll Eyes

GreatArkansas

legendary

Activity: 2520

Merit: 1396

Quote from: Lorence.xD on July 21, 2020, 11:42:47 PM

I would prefer if bitcoin is a mode of payment instead of an investment, this is rather attracting but at the same time concerning because it can be exploited in many ways, one example is an elaborate inside trading where you use bitcoin as a scapegoat. Bitcoin does not give out dividends so I do not think that being part of stock market is viable, maybe staying at forex is better.

Bitcoin is built the way it is. It's already all-in-one. It is really money itself, you can whatever you want, not only mode payment, that's why Bitcoin is the best and why Bitcoin is still here.
We should also not hate those people who are only buying Bitcoin because they want to invest there or some people thought buying Bitcoin is just for easy money.
Speaking of stock markets and cryptocurrency, for me, the only similar on these two is how we can make money on these, like trading, or investing.

Insanerman

sr. member

Activity: 1162

Merit: 450

Quote from: fiulpro on July 21, 2020, 02:29:58 AM

Should we even buy Bitcoins from a stock market ?
- I personally would never do that since it will more or so compromise my freedom for a short period of time and what if at that time we might be benefited ?

What are your thoughts on this ?
-Is it essential , should it even exist?

This is ridiculous. Bitcoins and cryptocurrency in general are made to be decentralized and as a digital currency alone. If a currency would be traded on the stock market, wouldn't it be Forex trading? (in which is also a different topic).. Also, who would even buy crypto on stocks? It just doesn't make any sense nor any importance nor correlation at all. Many might find this a much secured way to invest on crypto, but they are only those whom aren't fond of the main idea of crypto alone.

Quote from: Lorence.xD on July 21, 2020, 11:42:47 PM

I would prefer if bitcoin is a mode of payment instead of an investment, this is rather attracting but at the same time concerning because it can be exploited in many ways, one example is an elaborate inside trading where you use bitcoin as a scapegoat. Bitcoin does not give out dividends so I do not think that being part of stock market is viable, maybe staying at forex is better.

Indeed. Even bitcoin doesn't have it's centralized company or share holder and buying it from stocks would only be useless lol

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

I would prefer if bitcoin is a mode of payment instead of an investment, this is rather attracting but at the same time concerning because it can be exploited in many ways, one example is an elaborate inside trading where you use bitcoin as a scapegoat. Bitcoin does not give out dividends so I do not think that being part of stock market is viable, maybe staying at forex is better.

Darker45

legendary

Activity: 2576

Merit: 1860

At the very least, it is an option. Some other people might prefer it over other ways to buy and sell or trade Bitcoin. And also, we have to take note that Bitcoin isn't strictly the peer-to-peer electronic cash system anymore. It may be sad but it is what it is. Bitcoin has somehow evolved into a kind of traded asset.

And if you equate Bitcoin with freedom, that's for you and me and a handful of others. It may not be so to the rest. Traditional investors getting into the market are not here to savor the freedom that Bitcoin brings forth; they are here to make money. They are not here for the philosophy. Neither are they here for the vision nor the revolution nor to sort of disrupt the obsolete financial system. They are here to simply increase their wealth.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

They're probably just riding on crypto's coattails. They aren't really looking towards cryptocurrency as it is, but rather just a medium to offer success towards their market. The only factor this could bring is probably the spread of info regarding crypto, but let's be real, in the realm of those investors, who doesn't know about crypto at the very least right? They probably don't know much about it, but they should know at least something. And if they were really interested in investing in crypto, they wouldn't wait till now for stockmarkets to welcome cryptos.

I just hope that for anyone that discovers crypto through these stock markets, they're also able to understand how the system that they introduced fails to give the essence of what crypto really is. The public stock market does consider it as it is, a stock with how they want transactions to undergo after all.

Topic: Public stock markets welcomes cryptocurrencies , is it even necessary (Read 282 times)