Topic: Wall Street pump incoming (Read 3692 times)

well but if a lot of bitcoins are bought off exchange that should theoretically make the bitcoins on the exchange more scarce and therefore more valuable, no?

What % is a pump for you?

Unless you are shorting that doesn't make any sense.

If there is a "Wall Street pump", you will be the sucker.

Always remember, Bitcoin is zero-sum. For every winner, there is a loser.

If you've been in the game for half an hour and you don't know who the patsy is, you're the patsy.

They probably wait for btc to reach single numbers and then BOOOM.

i don't think they're buying , if they buying bitcoin , the price won't be so low now

they just kidding us maybe

Wall street guys? I suppose the caretakers, floor sweepers and cafe servants on wall street are also wall street guys. They are all masters of something, maybe even economics. And yes, some of them are coming on the train.

There's a difference between speculating on the direction of the weather and directly investing IN the weather, if that were even possible.  In the early days of the stock market, "traders" could only bet on the direction of price movement rather than actually own a stake in a company.  That's the sort of thing you're talking about.  So sure, they could treat Bitcoin like an arbitrary thing that gets pushed up and down, but that wouldn't make Bitcoin any more legitimate as a currency/store of value/etc.

The weather is beyond wall streets control, and it doesn't stop corn futures from being traded.

Stability would be way better alternative to current dowtrend don't you think so? But i don't see it happening.

Why on Earth would Wall Street embrace something out of their control?  Furthermore, why would the banking community encourage its adoption?  The technology behind Bitcoin is 100% incompatible with regulated, centralized banking.  I think "Wall Street" sees Bitcoin as yet another thing they can pump and dump.

Maybe they buy some miners company at firts, to ban dumpers

Yep as they aren't ready yet or see the downtrend and want to buy in lower and that could create MASSIVE rally, COULD.

It's already been brought down... If they continue to double digits suddenly everyone will be aware of the game. They can only accumulate for so long before the market gets wise.

Very true. These projects need more attention and awareness. Throwing out random numbers, I'd say the speculation forum is:

50% about big money getting in
25% to the moon quotes
15% dump incoming
5% centralized BTC infrastructure news (Exchanges)
2% Butt hurt trolls
2% TA analysis
0.99% polls
0.01% projects like Lighthouse, Bitsquare, OpenBazaar, DarkWallet

It's hard to get razzed up about BTC in the decentralized direction when the masses would rather lose/make money on the speculation of its value relative to fiat. (end rant, it's a grouchy day today).

That's why there is also projects like Lighthouse, Bitsquare, OpenBazaar, DarkWallet etc to counter this direction and bring equilibrium and choice.

if wall street pump the price, who will sell their bitcoin, and how wall street get bitcoin? only if they bump the price, they can get bitcoin they want

You mean Wall Street dumping... they will bring this so down everyone will have to let go, and then they will corner the market. Look at what a single entity in China is doing by simply taking bitcoin loans: dumping to hell.

Yes I was/still am, but the problem lies in the decentralization. You cannot have decentralization without trust and without trust, you can not have anonymity. What is happening now is the requirement of anonymity is being defined on the corporate level only. Infrastructure is being built that ties real world personal data to blockchain transactions/wallets/etc. on the level of companies that interface between users and miners. These companies hold massive data on the financials of most users (US at least).

I.e. Individual anonymity is not respected, only infrastructure level. Centralized services are "safeguarding" your anonymity (KYC/AML/linked bank accounts/CCs) under the premise that business through them is "safe."

Essentially, this is required for mainstream. I understand this, but it really takes away what BTC technology could do for people, but they are too foolish or naive to see it/care.

Fiat is not going anywhere, but a restructuring and new application from it's controlling powers is underway.

Bitcoin development is pushing both ways. The mainstream way and the honeybadgers way which is ironically making bitcoin even more decentralized and robust and is also part of the open and inclusive nature of the network. Making money out of it is part of the incentive mechanism from the whole beginning.

Were you expecting anything else?

Ironic isn't it? Makes me start to think that all the idealism I've read about BTC since 2011 was from a bunch of people looking to get rich; that nobody truly cared about decentralization in the first place. It was just a proxy.

BTC (or something like it) will revolutionize the financial industry in the next coming decades. It will also be the greatest and largest data mining operation ever to take place because of the giant companies that will run the show.

I agree. The average joes don't care about BTC (as of yet) because it simply offers no advantages over traditional payments options. The masses who use technology rarely care about how it works, what it symbolizes or any other thinking surrounding its implementation. They just want to buy it and say they own it/use it if it's cool/high tech/widely used/etc.

BTC could benefit from advertisement: expanding its niche market to larger companies (Walmart as you said) perhaps grocery stores, convenience marts. Right now it costs real fiat money to change your already good USD to BTC. Once in BTC your choices are heavily limited right now. Why would any average joe want to do that?

If wall street money did come in, it wouldn't really make sense to pump the price up, unless it was to manipulate the price and realize profits. It would make more sense, if I had wall street kind of money, to buy gradually, and then put in big sell orders, and keep buying gradually at lower prices. Also, I would hire hackers to sabotage key exchanges, or even buy them off, and make sure that the hacks are highly publicized. This would reduce confidence in bitcoin in general, and in the meantime I would keep buying up coins. I would also invest simultaneously in one big exchange, so I would be set to profit both from price increases and my share in the one exchange that appears bulletproof and has full governmental approval, and then as soon as my position was large enough, I would drop about $200 million in buy orders, and sell about 25% of that once I felt the market could absorb it.


   It's actually too enticing not to do, and there are probably more than a thousand institutional and individual players who can do it if they want to, and who doesn't want to make half a billion dollars in less than two years with a billion dollar investment? The real madness would come when two or more such players start trying this same strategy at each others expense...

   I mean, I'm just throwing out numbers... if you have that kind of money there are lots of way to get returns on it, but bitcoin really is an exceptional opportunity for big money, and these people didn't get to be on top by being stupid. They know bitcoin is big, and they also know the importance of discretion. They also don't want Satoshi Nakamoto to be richer than them

I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

Wall Street pump won't happen overnight. They will first start by slowly dipping their toes. Like we all did. Expect a long period of stability/boringness prior that.

Wall street coming to eat us all.

They aren't a bunch of idiots. They aren't gonna just buy it all when they see it in a downtrend. That's just bad investing.

Yeah, like better infrastructure is the only thing holding Average Joe back from finally buying some bitcoin.  

The Average Joes of the world need a MUCH better incentive than that.  Like discounts at Walmart, Auto Zone, Burger King, etc.  Or be able to purchase lotto tickets and cigarettes with bitcoin.

I don't get it

Institutional as well as private investment will not pump the price as they are not buying BTC, they are investing in the infrastructure. Except for guys such as Draper, few are going the way of purchasing. We need fiat to pump the price; aka we need new individuals to buy coins and have existing individuals stop selling them.

Ok let's go to the $1000. Hang on, here we go.


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Nope, nothing happens.

When has wall street ever been anything else than a money sink? 

if you expect money to leave that place you are delusional. 

Do you know how much those guys pay for rent and "amenities" over there? 

Wall Street knows perfectly what bitcoin is it doesn't need an instructional video to know how to buy it  

But guess what, they are not a bunch of idiots so they don't want it, that's why the price is not getting better, you rocket scientists  

it happened many time before, interview/article on WSJ site but it didn't affect bitcoin price each time, may be they just ignore this
who know how they react on this

boy do i hope you are right! i get the irrational up/downs with bitcoin because no one knows wtf is going on..but I mean ...I'd like to see it go up for no particular reason
as fast as it goes down.....in my confused view of things...just to have a level playing field......(hey i'll never figure it out but imho it 'should' be irrational in both directions
in my view!

(well hey a guy can dream)

Seriously I don't know whether having wall street into the game means good or bad. While bitcoin seriously need fresh funds to lift the price up and making people took notice of it, on the other note, when you have the big boys in, basically it will make the price become even more volatile.

A gut feeling. Indeed, there's not much more to discuss in that case. Anyways, thanks for clarifying.

i hope they did it
i hope bitcoin prize drop under 100 dollar
so i will buy more bitcoin..

I am sure it wasn't the Wall Street chaps who were the wall street people who got into bitcoin when it first came out .
it was more of the people involved in technical stuff .

I hope...

To me personally, proof is my own actions I prefer to do business off exchange when I need actual fiat toilet paper. Also, it's pretty obvious that a millionaire buying in wouldn't want to do it on exchange due to the slippage. If that isn't obvious to you then there's not much for us to discuss.

It's obvious? How exactly Hyena? I know that you are into Bitcoin to the level of a religiously devoted man, but some proof now and then would be nice.

It's obvious that they're buying off exchange. Buying/selling on an exchange is pretty stupid anyway because it leaves permanent traces tied to your identity.

Did the morbidly obese guy from twitter tell you this?

wall street have said that they will join bitcoin a long time , but still not see any pump coming

in other hand , coin's price are dumping lower and lower
 

The cool kids have already left the party

What delusional bears don't see coming: