Topic: Why Wall Street will most likely never invest much in bitcoin (Read 2061 times)

So far there was a profit in shorting it. What do you think GABI fund was doing since summer?

Too long to wait until all will be minted/mined-it will happen in 2140, but >90% will be mined by 2024
https://en.bitcoin.it/wiki/Controlled_supply
In 2015 we will pass an important (psychologically) point: 2/3 of all coins will be mined (14 mil out of 21 mil).

I believe Bitcoin is a jointly funded government/private firm en-devour. Almost something a la backyard DARPA. I think the purpose of this technology is to divert the eventual release of the USD as the world reserve into something the global economy can use in the wake of the massive USD decay. America no longer can/wishes to be the world's bank, but with so much of the world tied to the USD since the oil/trade agreements of the 70s, it would collapse even the largest of powers (China for instance) if the US were to just stop printing.

You, me, big companies; sure, yeah we all want to make money off this. This isn't without its merits, but the big picture is something larger than money. It's power. Pegging the eventual release of the USD as world reserve to a world currency like Bitcoin or something like it (check out SDRs from the IMF) is genius. Right now, we have a bunch of scammy people with money stealing dollars from early investors and speculators. If you have the means to hold out, the real profits come after all Bitcoin has been minted. Exchanges will fold, the blockchain will be mature and those who hold either enormous amounts of Bitcoin (or whatever the digital currency is) or fiat will be the winners and in control.

The largest pools of available investment dollars are public employee/union pensions that are privately managed. Decades ago, there was a mass "pension-fund movement" that was started in America as a way to make an impact on the growing corporate power of non-institutional business. The premise was that publicly funded pensions could amass large amounts of public cash and use it to tame corporate power and their ridiculous interests at the time. In the late 80s/early 90s those public pension fund managers prostituted their public interests for an individual share of huge earnings by selling off the fund management rights to private companies.

What we have today is a large body of employees paying into a retirement plan that is managed by a private company.

The model today:

1. A public employee puts money in (401K, 403b, 457, pension, etc.)
2. Employee has no say in what his/her money is invested in
3. Employee settles for a modest return (3-8%)
4. Private investment firm makes between 20-25% off public dollars while simultaneous mitigating risk as money is not theirs to begin with
5. Private firm gives kickbacks to institution who allows them to manage their public portfolio
6. Repeat

The problem with Wall Street getting into Bitcoin is that it's not regulated. The grand investment scheme going on since the 80s requires heavy legislation to keep it afloat. Wall Street wants in, but America no longer has private money, it's all been siphoned out of the investment system. Today there is an economic playground where all the players use someone else's money (yours) and profit.

They don't invest in other OS projects because for most of them there is no clear way to invest and absolutely no way to have control over your share if you do donate. Bitcoin is different in that you have direct control over your share, right away. We will see alot of wallstreet money, soon, there is no going around that. Wherever there is potential profit...

so far they invested the crumbs produced by an ant eating peanut crumbs.
this thread is in the speculation area.

Ok

Their response so far has been less than spectacular. I'm starting to really doubt that Btc is ever going to go mainstream.

You really have no case to stand on. Pure speculation. There has never been an open source technology as popular or powerful as bitcoin. So you don't really know how Wall Street will respond. None of us do.

we are so short sighted - geez,

give it 5 years and see what happens.

Never is a LONG freaking time.

Sorry, haven't been on here for a while so I just wanted to provide a readily available antidote to the venom.

There's no underlying value in a bitcoin, so of course wall street isn't going to invest any further than some of the exchange start ups. They know that sheep still need somewhere to go to cash in and out of their digital funbucks, so it's a guaranteed profit model.

You know... in a gold rush, the guy who sells shovels...?

Hot women don't agree with you hah

Bitcoin does not need to "prove itself" to anybody, including Wall Street.

1: I've sold my BTC way before you did, watching the price drop everyday with peace in mind.
2: The only thing a Rolex is proving is that you have very bad tastes.

>troll
>predicting accurate drops
>telling people to short and sell
>making people who listened money
Whatever you tell yourself, blind cultist.

There is a reason why everybody here ignores him He's an empty shell of a troll. So please stop quoting him, as by doing so you make his garbage visible to everyone.

Sour graping this hard...pathetic Bitcoin holder sheep.

And you're proud of yourself? Poor man..

Yes, I do. Read my previous threads where I told people to sell when price was 300+.

I also made pretty accurate predictions of drop.

Eat a bag of shit, dumb sheeple holder.

I'm laughing with my $ all the way to the bank.

Today I bought my first Rolex.

Something you plebs won't ever experience due to buying into magic beans scam and not wanting to work like normal people.