Wall Street - Friend of Foe of Cryptocurrency ?

Kemarit

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Quote from: btcgolong on June 17, 2017, 08:30:15 AM

Wall Street:

Will they undermine it?

Do they fear it because they can't control it?

Will they co-opt it, package it, and sell it to the masses?

What do you think?

I don't think they fear crypto currency. I'm seeing that some Wall Street Managers have customers who have dealing into bitcoin. Those whalers you want to remain anonymous are using Managers as front for them to buy huge amount of bitcoins. And crypto market is purely speculative and I think that will work in favors of greedy Wall Street players. Money is Money for them, whether stocks or crypto's. So for me they don't fear it, but rather will take advantage of its speculative market to profit huge sums of money for their client or for themselves.

Sithara007

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Till now, they have tried to harm the crypto-currency, through campaigns filled with negative propaganda. However, recently a few of the banks and the hedge funds have shown interest in Bitcoin. But it is too early to say whether this signal a change in their attitude towards crypto.

freedomno1

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Quote from: btcgolong on June 17, 2017, 08:30:15 AM

Wall Street:

Will they undermine it?

Do they fear it because they can't control it?

Will they co-opt it, package it, and sell it to the masses?

Will they undermine it? Do they fear it because they can't control it?

They may try to build up their own cryptocurrencies and fund projects that support it as they fear Bitcoin and who controls it while trying to destroy it in order to build their own systems.
So yes there will be some fear.

Will they co-opt it, package it, and sell it to the masses?

If they can gain control they may do this and then maximize their profits depends on how the Rothchilds etc view it and want to approach it etc for Illuminati purposes and why Satoshi may have wanted to stay an anon so he can't be controlled and instead make it a bit harder to do invisible changes to the ecosystem, or build something else for a while.

BurstIQ

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I think Wall Street could bring a ton more money into BTC as well as a lot more speculation.

Wether that will be good for the ecosystem or not is everyone's call.

btcgolong

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Quote from: HabBear on June 17, 2017, 11:42:45 AM

Wall Street deals with investments. They're going to be a big fan of any investment that's making them money. Bitcoin has been the best investment of 2017 in the entire world...and it's easy to get in to. No capital requirements, no asset requirements, no leveraging...just buy and f*cking hold!

Wall Street loves Bitcoin. Some of them say so publicly, all of them say so privately - at least those among them that are smart.

Are there any high risk "crypto" hedge funds yet?

Nagadota

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Quote from: HabBear on June 17, 2017, 11:42:45 AM

Wall Street deals with investments. They're going to be a big fan of any investment that's making them money. Bitcoin has been the best investment of 2017 in the entire world...and it's easy to get in to.

If you have a lot of money like the whales at Wall Street, it's pretty damn hard to get into. A lot of the whales are people that got in early with a much smaller amount of money.

You can see that even the most trustworthy exchanges like Bitstamp and Coinbase seem to be taking ages to accept deposits, screwing over some customers and having practically no customer support. To get your hands on a lot of bitcoins at once you'd basically have to take a trip to the fringes of these services.

It also takes a lot of thought for them to store. It seems easy for us but it's just not the same as buying a stock or trading forex.

joebrook

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Quote from: btcgolong on June 17, 2017, 08:30:15 AM

Wall Street:

Will they undermine it?

Do they fear it because they can't control it?

Will they co-opt it, package it, and sell it to the masses?

What do you think?

The people of Wall Street will act for or against something on whether its going to benefit them financially or not. I dont see how Bitcoin is going to help them except if they want to launder money and avoid paying taxes.

HabBear

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Wall Street deals with investments. They're going to be a big fan of any investment that's making them money. Bitcoin has been the best investment of 2017 in the entire world...and it's easy to get in to. No capital requirements, no asset requirements, no leveraging...just buy and f*cking hold!

Wall Street loves Bitcoin. Some of them say so publicly, all of them say so privately - at least those among them that are smart.

nappoleon

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They're up on anything they can greedly profit on with less risk involved. ETFs are a moved for a co-opt, but imo ETFs for crypto is a possible point of failure.

btcgolong

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Wall Street:

Will they undermine it?

Do they fear it because they can't control it?

Will they co-opt it, package it, and sell it to the masses?

What do you think?

Topic: Wall Street - Friend of Foe of Cryptocurrency ? (Read 373 times)