Topic: When Wall Street will finally jump in? - page 4. (Read 5173 times)

Wow ... who let this spouting, opinionated asshole in?

This place is going to the dogs, fast.

I believe that in communism the financial regulations and risk of lawsuits/jail/murder are quite bigger?

^ Indeed, very much looking forward to seeing what (and who) Second Market's member exchange brings to the table.

Wall Street has its fingers in SecondMarket if I understand correctly.

I think the situation is a bit different than 5 years ago (even 1-2 years ago). Think only how many ATM’s are in service today and many more will be installed in the next few months - and this is only one example of many changes that are coming. The number and importance of merchants accepting Bitcoin is increasing continuously. We know that will be some gox like setbacks but ultimately those will probably make Bitcoin more stable and strong.

It's possible that some Wall Street people already jumped in but didn't make it official.

+1

Actually, the US is exactly what a Democracy really is.

  good one

first of all the USA is not democratic it is plutocratic which is different.
The average citizen is not allowed to own a Bank, a Casino, or any other juicy business that competes against the big guys the laws do not allow it, if the laws did allow it, it would be different you would see tons of tiny banks, and casinos regulated by market laws, and not politician laws.

As far as Wall street jumping in it will happen, but lets remember the sequence, at this stage Wall street is waiting to see who wins the war if the Central Banks or Bitcoin, once they see that Bitcoin won they will jump in, but each sequence takes about 2 years, so now it is a very good time to buy if you believe Bitcoin will win since when Wall Street jumps in the price will skyrocket.

phases:
1. years 2009,2010 Bitcoin is completely ignored by big media, Banks, and politicians.
2. 2011, 2012 Bitcoin is laugh and made fun of it  at  by the same group of people.
3. 2013,2014 War is declared against Bitcoin, war begins when Bitcoin hits 266 USD.
4. 2015 and up Bitcoin wins, and Wall Street jumps in, actually everyone jumps in, at such stage we will not be talking about Bitcoins anymore by we will we using the term Satoshi.
Most likely this will happen by the end of 2015, my prediction over 20k USD per coin before 2016.

Bitcoin puts the money in the power of the people and it is a very good test for democracy, the least democratic countries will fight it the most, tax it the most, and regulate it the most, the most free countries will allow its free use.

I doubt wall street will ever get involved because wall street has enough money to just turn around, create a bitcoin version where they are the early adopters, and push it on the masses.

There is zero interest in them making us stupidly rich, when they could do it themselves and for themselves.

Everything that bitcoin is great for, can be copied (has been copied multiple times)

Wall street can spend billions of dollars developing and marketing an alternative which will make them money, and they can integrate it with their own payment processing systems such as visa.

Besides, to the average person on the street bitcoin means anarchy, silkroad, scams and failed exchanges.

This

If 1 coin is about 5k-10k $$ maybe, but not before. Just not profitable enough.

Because in order for Wall street to get in they must own all of the warlords that controls the market.  Since there are no warlords in the bitcoin economy they won't get in.  Too much of a risk.  

There is no risk in the stock market to Wall Street because if the market dips they win, the market goes up they still win.  

Clarified tax structure, a bit of friendliness from established banks, regulated and dependable exchange on home soil = Wall Street en masse.

it is a small market for them, they won't jump in any soon

So you're saying that instability and anonymity are the main flaws of btc, am I right? The former is due to the narrow liquidity intrinsic to any new-born market, the latter is simply false. Bitcoin is not anonymous.

You don't know any of us, and there is no evidence you understand anything about bitcoin. The flaws you describe have always been a part of bitcoin. This is what a free market looks like and I Would not be interested in BTC if it were otherwise. Did you think free markets were nice? They are not, they are brutal and fluctuate wildly. The NYSE was like this also in the 1800's.
Regulation only created a profoundly unfair market. Your 401K isn't worth toilet paper yet you may well think that you are going to retire on it. Talk about a sucker, a 401K is a scheme where you put up all the money, take all the risk, and get 30% of the profit.
Call us all the names you want, consider us stupid fools; I don't care. The proof you are wrong can be found in our vaults full of gold, deeds, index funds, and bitcoin wallets.   

I think the Chinese are currently in an opportunistic mindset whereas many Americans are content with the current establishment. The Chinese have been working for wages that are considered unacceptable by even "poor" Americans for quite some time now.  Many Americans tend to stick to established financial guidance from reputable investors such as Warren Buffet who are stating that bitcoins are not real currency. Just my guess.

The only reason the Wall Street is not in this yet is because (just a fictional scenario here) the U.S. is in development of their own cryptocurrency.

Just saying here......

Wouldn't that make sense?

EDIT: Let's not forget that nobody knows who Satoshi Nakamoto is

Is it either because many of you are too naive, or too stupid to understand the nature of Bitcoin. It's an anonymous virtual currency that's quite impractical and instable. As shown just this month with Mt.Gox, it's price jumped what, 30% in one day? I love how many of you are so against regulation, but without regulation is when there's a real problem. Illegal drug trafficking sites such as Silk Road made millions off people buying drugs through Bitcoin. There needs/will be regulation of a cryptocurrency in the future. The reason why the feds haven't bothered to regulate Bitcoin much in the USA, or completely ban it in other countries is because of it's price fluctuations, high transaction times, and high energy output to mine, which they know that after a while people will Move on to another more effiencet, more practical for daily use cryptocurrency . They know that in the future, a new cryptocurrency without all the flaws of Bitcoin will emerge, and WILL become mainstream which Bitcoin hasn't, still 5 years after it's release and never will become. Once that happens you can expect regulation no matter how "anonymous" you think it is.

Just giving you all naive suckers a heads up.

Pce.