Topic: Public stock markets welcomes cryptocurrencies , is it even necessary - page 2. (Read 282 times)

More "oldschool" investors don't want to manage their own keys, and they don't trust half-regulated exchanges, so they'd only invest in BTC on a platform which gives them what they got used to. From a point of view of a hardcore Bitcoiner, companies like Grayscale aren't needed, but the people who use them aren't hardcore Bitcoiners, they are just mainstream investors.

But Bitcoin doesn't care who and how uses it, and neither should we - our duty is to warn newcomers about the dangers of centralization and middlemen, but it should be their choice to make.

Well, this is a good news to me on the following grounds. The stock exchange which is heavily regulated by SEC have accepted the market assets of altcoins, that means they have come to stay. Secondly, listing individual coin on the stock exchange means they represent individual asst class like Amazon, Fb, Tesla etc.


These are the reasons why i think this move is a great one and as such it should excite crypto enthusiasts. Though, there will be regulations on the crypto assets.

One of my main concerns with things like this is that it pushes or encourages more and more people toward centralized usage of cryptocurrency rather than how how it was originally meant to be used.
If you have most of a cryptocurrency supplies accumulated in one or few addresses, or addresses controlled by few centralized & connected entities, the cryptocurrency will be vulnerable to things it's trying to solve or prevent.

I will actually prefer to hold long-term on cryptocurrency that has some sort of predictable & decentralized control of coin supply.. . Something with advanced decentralized ecosystems

Why such hype?

Grayscale Investment is a brokerage house that means they can sell stocks and shares. They have been authorized to sell cryptocurrency in the form of Stocks. Every stock has a locking period and the same applies to cryptocurrency.

The cryptocurrency market is highly volatile than the stock market and with the clause of locking period how many investors do you think will invest in them through this institution.

It is just another way to make money by Financial institution like this one when the stock market is getting saturated.

I mean, I don't disagree, but the cryptocurrency markets was pretty much considered gambling and a casino for since forever now. Coinbase listings alone in itself is pretty much a casino lol.

I think that this Grayscale investment fund doesn't offer actual cryptocurrencies for the investors to purchase.
This seems close to the BTC future contracts or the CFDs.The investors are just buying contracts,stating that they have bought BTC,while in reality there's no exchange of BTC between the fund and the investor,so the investors are just buying a promise.
Cryptocurrencies aren't stocks and they never will be.Viewing crypto coins as stocks is kinda toxic for the crypto industry and emphasizes the "casino capitalism" perception of the crypto markets.
More people will view crypto markets as online casinos and crypto trading as gambling.

Investors who have been living traditionally won't commit that much risk directly purchasing cryptos. While in the stock market, if there's a way that they can buy it through it, they'll choose to settle on that way which they think is safer.

Before there's the vice versa through Abra but it's been removed. The other way around might be implemented soon.

I do agree that we really need more investors in crypto space, we almost ask the questions where are should get all the money that needed to push the price to it's next bull run? And and we can see there are a lot of predictions that the price can go as high as $70K. I would say that it is a necessity for the next bull and then we will see how it goes after that. They could be part or willing participants of the next cycle for all we now.

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.

"Grayscale Investments, a New York firm that makes cryptocurrencies available in the form of stocks, announced on Monday that regulators have given the go-ahead for the sale of two new cryptocurrencies to the public."

"One of the newly listed stocks will represent shares of Litecoin, one of the oldest cryptocurrencies after Bitcoin, and the other is Bitcoin Cash, a controversial spinoff to Bitcoin launched in 2017. They are respectively the eighth and fifth biggest cryptocurrencies by market cap, according to Coinmarketcap."

This can be very interesting for both cryptocurrency traders and stock market traders. The combination of these two markets looks very interesting and profitable, both sides can benefit from this.

Well I don't see it as a very optimistic news about crypto market. It's just a company is leveraging the name of cryptocurrencies to make money as a mediator. I believe it's the lack of knowledge about bitcoin wallet and related technologies is fueled the launch of such products.

When people can easily buy bitcoin and other cryptocurrencies from the market and sell them according to the wish, why do we need to have a bitcoin share and a middleman with restrictions to sell!! That sounds bad news to me but a good business decision by greyscale!

It's not going to help crypto market in any way! But probably raise some awareness among the common public. But it seems bitcoin cash will reap that benefit instead of real bitcoin!

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 .

https://fortune.com/2020/07/20/bitcoin-cash-litecoin-trade-public-stock-market-first-time/




Don't worry Bitcoins is already in the list and at the same time the fact that new cryptocurrencies are being added means we have had a great market support form the Investors.



Investors usually are barred from selling their own cryptocurrencies for a short while .

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

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 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 )