Bitcoin Forum

Bitcoin might not have been on the radar of the wall street at the beginning but it slowly but surely taking or rather should I say making it's place on the wall street picture. Some of the people are saying it's a bad thing and some other watching this as a land of opportunity rather than minefield.

What do you think?

http://www.coinbuzz.com/2015/04/03/bitcoin-slowly-growing-on-wallstreet/

I believe that Wall Street acceptance s gonna determine the fate of Bitcoin. If it gets accepted and traded like oil or gold, it ll go up big time. On the other hand, if they label it as a tool of scammers, bye, bye BTC.

It has already been labelled as a tool for scammers, but in fairness that has also been pretty accurate!

I think that indirectly Wall Street will help Bitcoin. In one way they will pour money int it and increase the market size, on the other side they will collapse the world economy, which will also lead to bitcoin being more widely adopted.

It is funny that we, people of new era - by cretion of bitcoin - are trying to create new economy and better financial system yet we need blessing and approval of old blood financial elites? I find it very demotivating for the future of bitcoin.

That's because we still measure our wealth in fiat. And will do so for a long time, so those controlling fiat will still be controlling our lives.

At the distribution stage of the bitcoin, I do not wish the involvement of the Wall Street.

I think Wall Street has become more and more interested in Bitcoin over the last year or two.

At least the Wall Street Journal is becoming more and more interested in Bitcoin lately. They have quite a bit of content on the matter.  ;D

http://blogs.wsj.com/moneybeat/tag/bitcoin/

All the players in the know are accumulating, whats going to happen when a super whale is late to the party and accidentally pumps the crap out the price.  Glad ive got my golden ticket  :)

Well now that there are the first vehicles for traditional investors, I believe the next wave could bring in many people that are watching BTC and wait for a confirmation that it can "bubble" again.

"Bitcoin may not have been on the radar of wall street at the beginning" when i read that it jumped out to me, why would it not have been on their radar when it is very close to what they do. Maybe because they created it is why they pretended to stay of it's radar.

Well it's still a kind of small. Even though the technology is remarkable, that's not something people on Wall Street are interested in. They need to understand what they're investing in and need big market caps.

I don't think that they care much about what they're investing in. They care about how profitable it is. Bitcoin has a huge profit potential, but the risk is quite high. It is better for them to accumulate at the current prices, before they jump aboard.
I honestly disagree with this. Currently there is no way for Bitcoin to die, if you factor in acceptance number of users and such. You won't see a company suddenly stop accepting Bitcoin. The main problem here is that the acceptance relies on Bitpay and such. If they go bankrupt, or for any reason dissolve, then we would have a bad time. Anyhow, as long as we (community) don't jump ship, Bitcoin will work.

I like how people get excited about Wall Street while it is just a simple article saying something we already knew.

I'm only interested in Wall Street once they officially announce it themself.

Well, but they at least need to be able to gauge the risk of the asset or company they're investing in. Just try and justify to your boss investing in some weird "ponzi nerd money" in case this goes bust, no matter how remarkable the technology may be. We're still in the "crazy" phase.

A lot of Wall Street guys are tech geeks too, and some if not under an institution representing it, but privately are buying already and holding them for the future, no one wants to miss a ticket into the future.

Yeah they do for sure. Hopefully Bitcoin will see some big bucks coming in soon :D

If they are interested in it they are interested in it they already have their tickets they are not about to come pump is so your average joe can get rich they are not in it for that reason they will get in it for them to make the fortunes so they will keep on manipulating like they have been since near the start, please don't tell me you guys think they are only now going to arrive years later lol

So, how much corruption do guys think will come to the bitcoin ecosystem from Wall Street?

Wallstreet accepted it long ago IMO, as soon as Bitcoin was seen as a potential investment/commodity people jumped on the bandwagon.

I'm the one that says it's a bad thing. If it is heavily traded it can only ended up like a commodity because no way business are going to live with such high volatility even if you have a payment processor that handles the conversion for them. I don't know, when I discuss this among my fellow group of bitcoiners, most of them welcome the move as they think it will be good overall as bitcoin badly needs fresh funds and exposure but for me, I see more disadvantages surrounding it.

In my opinion, if wall street ever gets the hang of it, it will be do or die situation. I think it might be the catalyst that was needed for the bitcoin market to finally establish on the global market, or it might be the rolar coaster ride that that ends with disaster for the community.
Either way, it might be the final throw at dice.

The main problem is that Wall Street will not seriously take a grip of it without some of form of regulation. After all, would you trade oil if there wasn't any regulation related to its production, distribution and trade? Who would put millions in it?

If you're saying that Wallstreet has invested what it can so far, then you're wrong. They might have noticed it, but these things take time. There is a good risk of losing your Bitcoins once you buy them (exchange hacks and whatnot).
I think that we will see some changes after a ETF gets launched.