Bitcoin Forum

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

BTCitcoin is going mainstream now after the financial giant invested in Circle Internet Financial

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

which is a service enabling consumers to do dollar transactions (i.e. hold, send, receive), as well as pay
any merchant who accepts Bitcoin.

4 hours later today, the news said the Bitcoin price broke above the long-term downtrend.

https://www.cryptocoinsnews.com/bitcoin-price-breaks-long-term-trendline/

Looks like the price will be going up, and what most of you guys are waiting on.

 

let's hope this isn't another useless news, where the price rise a little at first and then again it occurs another dump

anyway i would not use the word mainstream yet, we are far away from that...

No wonder ppl are pouring millions of dollars into bitcoin related business, they are not caring the short term volatile price, but for the potential. More merchants, individuals and startups are getting involved in bitcoin and perfect the ecosystem. Besides that, the supply of it is decreasing. They know the price one day will skyrocket! It is just a matter of time!

Bitcoin is definately going in the right direction. That's one step closer to going main stream.

Well consider how much money they have I think that $50 million is a low amount, but I guess we have to start somewhere?
Actually we don't need more merchants that use Bitpay, but merchants who don't. I'd definitely spend my Bitcoins at a merchant who doesn't convert to fiat instantly.

I wouldn't really call this 'mainstream'. While every new investment is great, they ultimately are cashed out eventually. The problem with most companies is that they're looking for a quick money making scheme. They don't believe in Bitcoin or the blockchain technology but rather are playing the markets hoping to make some large returns on their investment.
I think this will sadly remain the case. Bitcoin is too volatile at present for it to be considered a stable and universal currency.
Let's hope that I'm wrong but it's just my 2 cents.

https://www.youtube.com/watch?v=xlsVJO56Zlg

Hilarious to hear the media pundits fawn over Goldman Sachs at the end.

"Goldman is a legitimate firm that we all love, respect and admire."  "...and they are doing god's work"

 ::)

Yes this is nothing to them but it is hard for us too because when it first enter sure the price will get higher but after he dump it the price will down drastically. It is like gambling now whether is he really going to invest or just playing with this market price. It will definitely depends on them and other investor too

Too bad that those who reportedly are pouring billions into bitcoin related investments never seem to buy any bitcoin. There never is any volume or buying to speak of. But maybe that will change, one can always hope.

Good luck, g

if it really happened would be something good news, but we should not be too quick to believe that they did it for mainstream bitcoin, they do it for their own benefit.

I do not like to see price moving up and down based on news. I would like it to be more resilient then that and move due to changes in supply and demand. However, any stock market is sensitive on these kind of news so I guess nothing to add to this.

Well, I think it is a mad dash for most VC investors... We are approaching a Billion dollars of VC investments and people are sitting up and taking notice now.

Most people want to have a piece of the pie, and Goldman Sachs saw Circle as one of the companies adhering to the KYC/AML regulations and this for them are a save bet.

Nobody can actually invest in Bitcoin directly... apart from funding development. {Paying Core Developers}

Let's not forget that Goldman Sachs were part of the problem, when the fiat banking system nearly collapsed.  ;)

Goldman! Of all the world's companies, this may be the one I dislike the most. At least, it means BTC's getting real. The ugly bankers have joined the party.

Millions of dollars invested in bitcoin doesn't mean that it will go mainstream. In order to achieve widespread adoption, we must have more and more people entering the bitcoin economy, not a single firm that pours in millions of $$$ in hopes of gaining more from it. What people don't really know is that most companies are in it for the profit, and not for the development itself.

Well, in financial market terms bitcoin is practically worthless. Three billion dollars is just pocket lint. It has to be a concern that something with undeniably huge potential never has any volume or buying. Of course trading on fly by night "exchanges" that no serious money takes seriously hasn´t helped so far. Nor has total lack of any regulation or law enforcement = open invitation to criminals. Everything has been done to hurt trust and confidence unfortunately, unfettered criminality tends to do that.

I don't think that the bitcoin price is affected by "Good" news anymore, it's more about demand  and demand rises with news but this doesn't apply to bitcoin since the bad news were more powerful than good new like these

People think wall street are coming into Bitcoin and some how that's going to take us out from this depression phase and back into prosperity. That's not going to happen when everybody is waiting.

No one with big agendas would benefit from a big price surge, they are not here to please the dumb idiots that cannot have a long term vision for Bitcoin, in fact they want to benefit from those weak hands while they mass cheap BTC.

They seem to be also putting out investments for a lot of other companies. Possibly this is the reason for the increase in bitcoin price the past 3 days.

Any news is good news because it attracts a number of audiences; it increases awareness of the general public that will help them decide whether they will follow in using it or not. Also, seeing that money is being poured towards some bitcoin projects, the public would also do the same thinking that they're not alone in investing in it.

Circle turned out to be just another lie?

remember when they promised no fee's?

guess what, all the convenience methods have fee's! gotcha!

With that logic bitcoin price would have skyrocketed with all the recent good news these past week. But it did not affect it the price yet, mainstream people still think that bitcoin got "hacked" after the Mt.Gox thing.

No? What if the USA announced that they're going to leave the dollar behind and make Bitcoin the national currency? It is influenced by news but we don't have the media coverage that we've had in the past.
It was all rainbows before the spike and after it was mostly all dark.

Well they need a way to earn revenue or else they  would go bankrupt. The other way they could make revenue is with monitoring the users activities and selling it to 3rd parties.

This will never happen, bitcoin is still small  and popular as you think. The Market cap is around $3 billions which are peanuts for the US government, heck even a billionaire like warren buffet or mark zuckerberg could buy every bitcoin that is available.

they shouldn't have lied then

Well people wouldn't jump on-board with such news, but it increases their awareness about bitcoin, which I think is good. It sets up their mind and see their options before diving in it. I personally won't touch anything introduced in the news but I would do a research before I dive deeper.

As another member on this forum said people become pregnant with bitcoin.  What i think then happens is the price starts going up due to the nature limited supply rule and steady growth in all other areas of bitcoin.  The media attention kicks in about the price and the people who before just passed bitcoin off as nerd money have a bitcoin baby (they buy in, read more).

since many issued was coming up before.
so i guess price range in $2xx its would be stable for along year

There is no price action after the news.

That was a rhetorical question. Why would you even think that I would think that such scenario would be possible?
That's wrong. Define available? On the market? He would run out of funds after a certain amount of Bitcoin have been sold. You have to factor in people who won't sell unless you give them $100 000 per Bitcoin.
You have to factor in Satoshi and similar.

awareness is good and all, as long as those news do not paint a bad picture of bitcoin, which was the case with some of them, and the for the rest , the good news... sometimes they appear as a lie or only a way to increase services revenue/or boosting their imagines, like the one about circle

investments doesn't mean that it will get the price up short term. long term it might have a decent impact on bitcoin. only time will tell.

Where did they say "no fees forever"?
Most of those "no fee" claims are just temporary offers to get new clients. Everyone does it unfortunately, it is never forever, which is a pain in the ass and ends up making an impact on their business unless they are behemots of the sector and people will keep using their services due simple network effect. But if they are not, they'll just lose clients as they find another service that is under "no fee" hours.

Of course you won't be able to buy all Bitcoins, but you will probably get more than 4 million BTC for 1 billion USD (right now)

The $50 million is a pooled investment co-led by Goldman and IDG. Of course this isn't much to Goldman, but this is probably more than enough for to company invested in to fulfill their objectives, hence they now have a large network among the investors, and there are multiple investors here. Circle is the company that will bring more demands to Bitcoin on the mainstream.

Recently I studied how to make money on Bitcoin, but the profits are not very rewarding now. At least now there is good news to expect greater demands. I'll just wait a couple months to see if the market has made any significant entry points. If the profits are greater that time, then I'll be in the game.

I hope this is not a hoax. I also hope that the price of bitcoin will skyrocket at a time and continue to skyrocket

Yes. And no fee actually make people skeptic about its business model.

The fact that investors put it in is an indication of this being strictly a business move rather than trying to get social integration of the concept of Bitcoin with the general public. It definitely puts the spotlight on Bitcoin though.

Its obvious where bitcoin is going if this cannot stimulate price rises I don't know what can