Bitcoin Forum

Seems Like this would be BIG news!!

http://www.businessinsider.com/goldman-sachs-is-flirting-with-bitcoin-trading-2017-10? (http://www.businessinsider.com/goldman-sachs-is-flirting-with-bitcoin-trading-2017-10?)

This is a good news.  Right now they are only exploring the possibility. 

We are waiting for institutional investors to join the party.  Once they join, the price will be bidded up.

Yes, I just noticed that same story reported today in a different article:

http://www.zerohedge.com/news/2017-10-02/goldman-shuns-jpmorgans-dimon-plans-bitcoin-trading-operation (http://www.zerohedge.com/news/2017-10-02/goldman-shuns-jpmorgans-dimon-plans-bitcoin-trading-operation)

The article also mentioned that the head of the IMF Christine Lagarde made some rather favorable comments on cryptocurrencies:


This would seem to be good news and suggests that we might be picking up more institutional investment into bitcoin soon.

This are some great news. More and more business work with bitcoin and also a lot of popular persons involved in bitcoin this year. This shows that bitcoin is going to become the currency of the future. In next years I expect that every big business like google, youtube, ebay to add bitcoin as their currency. This would help bitcoin to grow more and more and become invincible

This should not be a surprise. Bitcoin has started a blockchain revolution that will impact every industry. Only a fool would be dismissive of the potential of blockchain or of bitcoin's role in spurring new innovation.

The exploration of Goldman Sachs is on an early stage. It does not mean that they will definitly trade bitcoins in future - but they check the possbilities.
Anyway: It sounds good.

That's a wonderful news from Goldman Sachs to make an idea of bitcoin trading shop unlike other people who discouraged bitcoin like Jamie Dimon, James Gorman and other people who have negative views about it, well we can't please everybody to believe in bitcoin but later on some of them will change their perspective once the bitcoin will become too successful that they can't reach it. There will be more to come in terms of this good news and bright ideas about this.

I just read this article on the web today, i hope there is truth behind this news, if goldman sachs, would consider doing a partnership with bitcoin it will make bitcoin more known, and possibly make the crypto world huge. I think this move will only prove to the world, that bitcoin is legitimate and will surely  give profits to those who invested on it,  if goldman sachs, succeeds with this move, hopefully other banks will follow, thus only showing that when it comes to bitcoins and other cryptocurrencies, there are a lot of possibilities for us to earn, in the same way, i think it will not be far from reality, that goldman sachs will also produce their own crypto coin, making it the first crypto coin made by a bank. I think with this move, goldman sachs, doesn't want to be threatened with cryptocurrencies, rather than bad mouthing bitcoin, they have welcomed bitcoin, i think the saying "if you can't beat them, join them" implies here.

I've heard this and it would be big news. It's ironic with Jamie Dimon making negative statements about Bitcoin. However, any smart investor has to seriously consider cryptocurrencies or they are going to miss out on a huge opportunity. They've already missed the last eight years of huge gains and there's no denying that it's here for the long term.

But of course it is good news when large banks want to invest in Bitcoin. It will probably help drive the price up some and make Bitcoin less volatile.

I like the idea of goldman sachs interested in bitcoin, this would attract big investors to the game and could project new highs for bitcoin, although it also causes me some fear since they are expert speculators. This in the ecosystem will only add one of two things or more stability or more volatility

Woah, this is awesome! It's nice to actually get good news from bankers for once. I guess we've reached the point where Goldman Sachs can't ignore the rise of Bitcoin anymore, publicly jumping on board. A company as huge as them might just be what Bitcoin needs to get into the mainstream. I'm sure the idea would at least warm up a few doubters to Bitcoins. I hope they push through with this.

I saw this article as well on the Wall Street Journal. If this does happen it would be huge.

Good post and share!

It's very ironic how something so centralised is showing interest in something created to battle the very essence of banking systems. Having spoken to people in finance almost all have had negative things to say about Bitcoin and most have said it's a bubble waiting to burst.
This is definitely good news. Even the banks know BTC's worth and regardless of their motivation for trading it, this definitely helps widespread adoption :)

another step in direction of global crypto adoption.
big international institutions entering crypto trading and simplifying access to trading for their clients should bring exponentially more new users.
great news!

this is good news and i think Goldman Sachs has chosen the right way to serve clients in digital currencies
service for clients is important in business, if more and more users of Bitcoin, then every industry will make service in cryptocurrency because the client is king  :D

Actually, they have been flirting with Bitcoin for quite a while now, it was just in July that they started making overt advances when they caved in to client pressure to start adding Bitcoin to their trading signals/predictions. After some remarkably good calls (the level of accuracy surprised even me) I guess it was only a matter of time before they gathered enough courage to ask it out on a first date with direct Bitcoin trading.

Bitcoin can be a tricky relationship, I'm sure they'll find out. She wants full commitment, not just fleeting encounters.

Yes, this can indeed be a big news especially in light with the many comments made by Mr. Jamie Dimon describing Bitcoin as just a fad and a possible scam later on. Here is a big financial firm looking on how to capitalize on digital currencies since they felt that there is a demand for it and of course they want to have a part of the pie of profits possibly they can get out of cryptocurrency.

In other words, Mr. Dimon even promoted Bitcoin because his comments put the currency on the radar and map of the popular media and people ere wondering what he was talking about. So to Mr. Dimon: thanks for promoting Bitcoin but since I don't like your face please stop commenting on Bitcoin because you are not that influential anyway.

with the growth of bitcoin, specially this year with all the price rise and the biggest news of all being Japan adopting bitcoin this big, everyone is getting involved with bitcoin. some big names will obviously also come into the game. some do it publicly and positively and some of them do it hidden and show a false negative front like JP Morgan. but they are all getting involved with bitcoin and they are all accumulating more and more because they know the future of it.

I was told when I started that Bitcoin was against banks and viceversa

It's not ironic. They are an investment bank and broker, not a central bank. People often confuse the former with the latter. I'll bet Goldman Sachs was accumulating positions on NVDA for years while watching the cryptocurrency economy blossom. They're good at what they do -- investing and trading. And they're happy to take a fee for brokering crypto investments for clients. Central banks probably don't like the smell of all this, but that's a different matter entirely.

What a fairy-god-father,  This is really a BIG BIG news for us cryptocurrency enthusiasts, we need this kind of BIG investors who have a big vision for cryptocurrency, we should support him, with his support on bitcoin community the possibilities and opportunities are now bigger.

This is good news to everybody and a slap on JP Morgan CEO's face. For sure bitcoin will back on track as seen on the chart right now. Hold your bitcoin because anytime now it would be bullish again.

Yes, central bank and bankers/people associating with central bank hate Bitcoin.

Looking foward to this one. May possibly mean a huge change for the greater good  ;D

And they don't like the other fiat currencies as well. Central banks are regulating their currency, and their country's economy as well. Imagine if you live in the US and you have your central bank working on the monetary system and from a day to another people in the US starts to use EUR for their everyday spending. US central bank from that point won't have effect on the quantity of EUR in the country, because they can't regulate it. They would lost the control over economy. And vica versa, in Europe, if people would start to use USD... This is true for bitcoin, but bitcoin is not so videspread yet, so the problem is not straightforward at the moment, but central banks are aware of the problem already. Thinking on state issued digital currency is a kind of answer from the central banks to the question of bitcoin...

It will end like with JP Morgan, they will create their own pattern and their own crypto-based project and will claim to have THE invention of the 21th century. While it's true all have a negative opinion about Bitcoin, most of them find the Blockchain technology interesting and useful for the banking systems. It's why I say blockchain has more potential than Bitcoin.

They are trading and shorting it for profit not building a system or using blockchain technology

Goldman Sachs believe that bitcoin has the potential and there are many articles about it describing on his status with bitcoin and it's clear that he is a supporter of it. And this is a very good news because after the negative fraud words before we are now seeing good news and having a great support to the bitcoin network. They are for the profit no matter what they came from.

That's indeed a good news! If a financial institution like Goldman Sachs finally decides to join the bitcoin party and become a full time trader, bitcoin will be huge in no time. And if they are successful for few months of trading, I am sure a lot of other financial institutions will be interested too. We may see an influx of organized sector's money coming in to bitcoin market. They are just testing the water now. I hope they will become a full fledged investor soon and we all have a reason to celebrate.

Nobody can resist the huge long term gains bitcoin or other cryptocurrencies can offer. It has drawn a lot of individual investors already and it's nice to know that such big names are starting to take interest in cryptocurrencies and it's a good sign for the growth of cryptocurrencies that it's drawing institutional investors attention too. All this together is certainly going to benefit both bitcoin and the community too.

@aardvark15 - yeah...my thought is that if Goldman Sachs creates a fund then the price of Bitcoin won't just DROP because some idiot tries to manipulate the market by claiming Scam or Bubble.

The CEO of JP Morgan does not know or understand what bitcoin is all about how it runs and so is the reason he comes up with more excuses and lies to create fear among people and the decision of Goldman Sachs is that they are trying to make use of the technology and make a good return and that is what every corporate will be doing rather than negating the opportunity.

Jp Morgan acted like they hate bitcoin, but GS is acting like they like bitcoin. Interesting things are happening. In the near future, we can see very constructive things about bitcoin.

Great News , when there are some countries and bankers who declare war on Bitcoin,

until now Bitcoin prices continue to increase, whether this news that helped make Bitcoin prices getting stronger,

The fact that established banks are taking an interest in digital currency is not only good for crypto, it's good for the banks. Blockchain technology can be very disruptive to the way banks are run today. If they don't adapt to it they might perish because a lot of what they earn money from will not be acceptable for their customers when there's an alternative.

Wonder what happens after 10 years.

If they set up a trading platform for margin trading or kind of cfd on bitcoin i guess they would get so much fees from traders because of getting stopped out etc.
They are not really interested in bitcoin itself, what makes it attractive to them is for sure the high volatility compared to the stock market.
at least my thoughts...

This guy claims that he is open to get profits and he finds crypto to play a good part in it. Also some rumors say that he is doing this to oppose his opponent JP Morgan. If Goldman Sachs makes this move, the prices might get influenced and then Jp Morgan will play it's role.

I'm starting to love this...../sarcasm off

Goldman Sachs is getting praised by tens of people even on bitcointalk.
Probably next is JP Morgan, then Bank of America and then the two FM , and maybe we will all cheer for KimJong  adopting bitcoin.

Then we will applaud banks using bitcoin, then government running nodes , then all the nodes...
Really?
Cheering for the involvement of GS?

Cheer is for the free marketing, done by Goldman Sachs, mentioning bitcoin in a good context (opposite to JP Morgan, who put all the negatives on bitcoin few weeks ago). This is it, nothing special. Nobody want the financial giants to take over bitcoin, they won't, they're about to develop their own system based on ETH (see the EEA, some of the big banks are in). If they let their customers to trade bitcoin, they would legitimize bitcoin with this, and that's good for the wider acceptance, for the mass adoption.

I think Goldman&Sachs will join the party.Overstock is going to create regulated by sec tokens exchange
So SEC will issue his regulations.If yes than what will happen with all that tokens what i traded on bittrex
Most of them dont have any working product,becouse of that thay are security.But whan Goldman&Sachs will
join party we will see crypto on new high level
Look below interview with ex JPMorgan trader,he is positive about crypto https://www.coindesk.com/no-fraud-ex-jpmorgan-trader-masters-thinks-bitcoin-breakout-just-beginning/

And he is sharing JP Morgan secret JPMorgan was buying btc that time whan Dimon was calling btc fraud
You can find that at the bottom of article,mr Dimond is lier

I don't think that Dimon is not a lier; he is just ignorant.  That was why they asked him to do some homework before making such irresponsible comment like that.

Bitcoin is proving strong again as the price surges passes $5200.

Bitcoin will soon reach all time highs. I think this is when some big fish like Goldman Sachs will realize that bitcoin is currently more valuable then even precious metals.

The cheers were for Goldman Sachs, and for the price increase.Nobody gives a fword about anything else these days.

Read again the praises for GS and how they are labelled in all the topics as a reputable , trust able investor.
It makes me really sick seeing this.

Marketing? Who needs marketing anymore? Why the wait for "big investors"?
We don't need some guys holding thousands of coins, we need daily usage, not to turn bitcoin in an asset that will sooner or later get so manipulated by big banks that will really compete with gold for the spot.

Or they try to influence governments to "ban" Bitcoin and place their own cryptocurreny. Several financial institutes and governments are already working on their digital currencies.

I'm pretty sure all those sort of financial institutions are, they're not as open about to avoid a rush to BTC before they set up their positions, they'll let us know they're in trading once they've been in there for a while and secured a relevant position and profits

Institution investors may join in soon - especially after China would officially announcing to reverse the ban on cryptos.