Wall street traders will look into bitcoin as well, in this case bank is the only one enemy. All traders are the same, they want to gain profit, and Bitcoin provide bigger opportunity for it. Wall street traders can be Bitcoin investors in the future.
Yups only the bankers are considered as enemy in this case and not the wall street and besides wall traders sometimes gives good outlook in cryptocurrency specially bitcoins thats why i dont see and related issue to declare war on this high valued traders.and dont make this kind of speculation when theres really none happening 
Topic: Wall street traders and bankers are bitcoin's enemies. - page 3. (Read 422 times)
Maybe and maybe not. They could be doing something to crash the price of Bitcoin. But the fact of the matter is that huge almost 20k USD spike is a fluke. If you follow the trend, it shouldn't increase that much. It should've been around only 10k USD and the 6k USD correction if fine. Besides, i think Bitcoin is strong enough to weather these kinds of enemies.
So, I wonder how this state of affairs happened. Like in this country, did the approving authority that gave the go ahead to trade bitcoin futures ask anyone if we the bitcoin users minded? I understand bitcoin doesn't have a ruling authority but was the Bitcoin Foundation even consulted?
In 1972, when the IMM was created, was every country who's fiat currencies were then to become part of currency futures, consulted?
Futures trading is astoundingly tempting to manipulation of markets, currencies, equities.
In 1972, when the IMM was created, was every country who's fiat currencies were then to become part of currency futures, consulted?
Futures trading is astoundingly tempting to manipulation of markets, currencies, equities.
I mentioned a try at buying stocks. Bitcoin is too egalitarian for the world financial industry. If they can't make bitcoin lose money they lose money.
It's a well established fact that wallstreet traders and bankers are against bitcoin.They don't want to lose their dominance over the market which they think to get crashed if bitcoin allowed.
There is a good advantage in crypto market for everybody. Volatility is so high. So anybody can make so huge profit in very short time. I think they dont like this.
in fact nothing is easy, trading is still at risk for anyone.New investors should know that crypto trading is not easy, and I agree that there will be movement from Wall Street traders to trade crypto. but they must know the risks.
There is a good advantage in crypto market for everybody. Volatility is so high. So anybody can make so huge profit in very short time. I think they dont like this.
Wall street traders will look into bitcoin as well, in this case bank is the only one enemy. All traders are the same, they want to gain profit, and Bitcoin provide bigger opportunity for it. Wall street traders can be Bitcoin investors in the future.
And while we're at it why not ban bitcoin lending. Our economy went to serious inflation when fast cash became available from Ready Credit, to Diners Club cards, to credit cards generally.
And suppose a ban on bitcoin futures trading resulted in a long term positive recovery of bitcoin? What would that say about futures trading of equities in general?
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Interesting. Looking at the Futures Contract Wikipedia page, the Dutch pioneered and had formal futures markets in the 17th century. I see references to the tulip bubble bust when shade is being cast at bitcoin. The tulip bubble that burst. What caught my eye in this wiki was that a tulip futures market appeared near the height of tulipmania in 1636. February 1637 saw the crash of the tulip market. Did speculators see an opportunity to make money bursting the tulip bubble?
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Interesting. Looking at the Futures Contract Wikipedia page, the Dutch pioneered and had formal futures markets in the 17th century. I see references to the tulip bubble bust when shade is being cast at bitcoin. The tulip bubble that burst. What caught my eye in this wiki was that a tulip futures market appeared near the height of tulipmania in 1636. February 1637 saw the crash of the tulip market. Did speculators see an opportunity to make money bursting the tulip bubble?
Wall street and bankers are bitcoin's enemies.
As a means of maintaining value, in the present bitcoin has been defeated. On 12/17/17 btc=$19379 and today 7/11/18 btc=$6345. A drop of $13034 or $501/week. I bailed when I looked at the slope and the previous 2 weeks saw 5.05%/week drop. Right now the the $501/week average amounts to 2.57%/week.
One would be an idiot to leave money as bitcoin while it's losing value at 2.57%/week.
Bitcoin's enemies did this. Wall street brokers and bankers used media to boost the value of bitcoin approaching 12/17/2017, when trading in bitcoin futures took effect, then casting shade driving bitcoin down, classic pump an dump.
I tried buying a few stocks years ago when my bank allowed trading. I figured oh, no traders to deal with, I was wrong. Buying a few stock saw unexpected fees that made the whole exercise a bust. This was years before bitcoin. And moving money, the international fees were horrible. That's why Wall Street brokers and bankers couldn't allow bitcoin to stabilize and rise in value. They don't want our money in btc. As fiat currencies increasingly continue to be watered down while money is pumped to the top 1%, the fixed quantity of bitcoin should only allow it to win. At least that was the case until bitcoin futures trading took effect.
Will eliminating bitcoin futures trading fix it? Big deposits and withdrawals will still work to pump money out even without bad press to drive value down. Still, stopping futures trading will kill the incentive for some bad press.
Early on bitcoin was the place to be when there was trouble. That sure changed. Right now with trade wars a reality one would think money would be heading to bitcoin in a big way. Why isn't it? Who's ox was getting gored that that changed?
soy39
(the 39 unrelated to red lining implications - though that 17/17 does bring a pair of grim reapers to mind)
As a means of maintaining value, in the present bitcoin has been defeated. On 12/17/17 btc=$19379 and today 7/11/18 btc=$6345. A drop of $13034 or $501/week. I bailed when I looked at the slope and the previous 2 weeks saw 5.05%/week drop. Right now the the $501/week average amounts to 2.57%/week.
One would be an idiot to leave money as bitcoin while it's losing value at 2.57%/week.
Bitcoin's enemies did this. Wall street brokers and bankers used media to boost the value of bitcoin approaching 12/17/2017, when trading in bitcoin futures took effect, then casting shade driving bitcoin down, classic pump an dump.
I tried buying a few stocks years ago when my bank allowed trading. I figured oh, no traders to deal with, I was wrong. Buying a few stock saw unexpected fees that made the whole exercise a bust. This was years before bitcoin. And moving money, the international fees were horrible. That's why Wall Street brokers and bankers couldn't allow bitcoin to stabilize and rise in value. They don't want our money in btc. As fiat currencies increasingly continue to be watered down while money is pumped to the top 1%, the fixed quantity of bitcoin should only allow it to win. At least that was the case until bitcoin futures trading took effect.
Will eliminating bitcoin futures trading fix it? Big deposits and withdrawals will still work to pump money out even without bad press to drive value down. Still, stopping futures trading will kill the incentive for some bad press.
Early on bitcoin was the place to be when there was trouble. That sure changed. Right now with trade wars a reality one would think money would be heading to bitcoin in a big way. Why isn't it? Who's ox was getting gored that that changed?
soy39
(the 39 unrelated to red lining implications - though that 17/17 does bring a pair of grim reapers to mind)
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