Off exchanged deals still influence price. But they dont make exchanges richer.
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Topic: Wallstreet guys won't buy from exchanges (Read 2234 times)
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we need to make it EASIER to buy and withdraw bitcoin
I guess that's somewhat true. But those Wallstreet people need their own ways of buying BTC. They don't want to get involved with our exchanges, from what I know, they need this investment vehicles everyone's talking about to get the BTC! Aren't those Winklebergs doing one of those?
I don't know if this is obvious to everyone but these Wallstreet guys won't buy from exchanges.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
Of course they're not! That's what Second Market is there for! They offer high-volume clients the possibility of buying large amounts of Bitcoins at once. That's also the reason why we need the Winklevoss ETF. They don't want do do business on the regular 'experimental' exchanges that we have. They want to invest in a way they know and also can - an ETF!
Off exchanged deals still influence price. But they dont make exchanges richer.
+1
we need to make it EASIER to buy and withdraw bitcoin
The bitcoin price is defined by exchanges. Even if they buy outside exchanges, they will need to go for them to sell and do the manipulation stuff.
How will they sell bitcoins off exchange?
I agree with the Op, the hedge funds or Wallstreet can't buy big on the open exchanges without dramatically increasing the price. How will they sell bitcoins off exchange?
They would buy OTC (Over the Counter).
Estimates for the FBI purchase was at least $666 considering Second Market's $20 million bid didn't win a single block of BTC. Long term, this will be a bargain, IMHO.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
By doing this i don't know if the price will change so much like everyone is saying.
By doing this, miners would go to the drive up the price on exchanges. It is not that easy to elude the circulation of an economic system.
What's really cool is you can EXCHANGE coins directly into the ETF. Unfortunately you have to do it in lots of 5000 coins, so most of us or SoL but it is a nice feature of the ETF.
What is the point?
Send coins there to just pay ~1% per year?
What's really cool is you can EXCHANGE coins directly into the ETF. Unfortunately you have to do it in lots of 5000 coins, so most of us or SoL but it is a nice feature of the ETF.
when there are no more coinns to be had otc they will stop selling on the exchanges
Soon we will have ETF and then it will be extremely easy to buy into bitcoin!
For the big guns to make money they need to be able to move markets.
You can't be doing deals off exchange by basing valuations on the movements of a few sweaty amateurs in remote basements.
You can't be doing deals off exchange by basing valuations on the movements of a few sweaty amateurs in remote basements.
I think a lot of people will use the COIN EFT once it starting trading on the stock exchanges.
that or the second market fund.
...or the next funds and etfs that will arrive in 2015/16
I think a lot of people will use the COIN EFT once it starting trading on the stock exchanges.
For that will be the winklevoss ETF.. so if there are some guys from wall street waiting to buy, when the etf goes live we will see an increase on the price.
Most users do not have a secure way of storing large amount of bitcoin safely.
I assume the ETF has find a way to handle the storage part, and will be responsible if the coin go "missing".
I assume the ETF has find a way to handle the storage part, and will be responsible if the coin go "missing".
I don't know if this is obvious to everyone but these Wallstreet guys won't buy from exchanges.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
There is no wall wide enough to support their money and they won't risk losing money by simply buying in the exchanges.
They will contact some large miner or something like that to buy a large amount of coins, doing that off-market will be more secure too.
By doing this i don't know if the price will change so much like everyone is saying.
Exactly, that's why big whales and big investors buy at SecondMarket or have deals with service providers like BitPay to buy large sums of Bitcoin in bulk. Also this is one of the reasons we need something like the Winklevoss' ETF as an investment vehicle that runs Bitcoin on the very tracks those traders already use every day!
Off exchanged deals still influence price. But they dont make exchanges richer.
I think off exchange deals very much influence the price. If the buyer did not buy from the seller then the seller would have likely used an exchange to sell his coins, putting pressure on the market. no, i think if the seller did not sell off-market to the buyer, then he'd sell it to someone else.. off-market (ie: secondmarket). you can't really sell 20k coins without affecting the price.
Off exchanged deals still influence price. But they dont make exchanges richer.
I think off exchange deals very much influence the price. If the buyer did not buy from the seller then the seller would have likely used an exchange to sell his coins, putting pressure on the market. 
Off exchanged deals still influence price. But they dont make exchanges richer.
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