Bitcoin Forum

Hello,

I work for a company associated with the London Stock Exchange and I thought to share this information with you.

Recently during a ceremony, one of the officials announced that they will do everything possible to stop people from investing in CryptoCurrencies. Not just the London Stock Exchange, but other major stock exchanges are threatened. They are worried people are not investing in the stock market and are moving towards cryptocurrencies. Therefore they said that they will take measures to drive people away by emphasizing different risks associated with cryptocurrencies.

I was wondering if these big companies could actually pose a risk to the future of Bitcoin and other cryptocurrencies? Do they have enough power?

Its pretty obvious that people who will once begin trading in cryptocurrencies and begin to earn a return rate of 20-30% daily will never trade in stock exchanges which too are quite manipulated. Surely people will begin to leave stock exchanges as they  are too much centralized and people too are obliged to pay taxes on it. So naturally exchanges around the world will be afraid of bitcoin.

They were opposite together bro. That is the reason they both will not attract each other mate like newton's thrid law. If people goes to invest on cryptocurrency to make the profit obviously number investors on Forex will attract the bitcoin trading and goes towards.
That is reason for all these happening from the London stock exchange dude.
There are centralized crypto currency trading sites are there but still forex will damage partially.

We're already seeing figures coming out of Brazil and Indonesia that demonstrate more people are registered on crypto exchanges there than are signed up for stock trading.

On one hand that's cool. On another that's a little alarming. Whether we like them or not, stocks have fundamentals and earnings that crypto never will. As things mature hopefully people will realise that they're different on numerous levels.

If I were running a stock exchange I'd let it all run. Opposing it may end up making them look stupid, embracing it similarly. They should concentrate on making their service the best it can be and nothing else.

And we've had so many attempted scares rolled out by the establishment that I really don't think anyone's interested in listening any more. They all look, sound and smell the same and the market keeps on rolling anyway.

Nothing in this information is surprising and new. Banks are interested in fighting cryptocurrencies because they pose a threat of capital outflows. Stock exchanges have the same reason. But they have the main enemy is the ICO. So we saw an active campaign to discredit and ban all ICO. Investing in cryptocurrencies is more profitable than investing in stocks so they have become the next goal. Governments take a neutral position because they are afraid that cryptocurrencies will go into the shadows and they will lose control over them. The only thread that holds all coins under the control of the government is the ability to exchange cryptocurrencies for Fiat. That is why this opportunity is not closed.

The rocket has taken off, without the fraudulent bankers, all they can do is use dirty tactics to delay things until the inevitable ;)

I think that just one company that does so is not enough to bring down Bitcoin unless the world government is taking part in making decisions that Bitcoin may decline, in fact this negative issue that makes Bitcoin so slightly downtrend that Bitcoin Starter Holder Panic Sell ​​and suffer losses due to it.

This is my opinion as well. As long as people sell their fiat to buy cryptos, governments are not interested. While people are trading bitcoin for alts and vice versa they are still not interested, because nowdays people can do nearly nothing with alts and bitcoin, only if they exchange it back to fiat. And this is where governments are interested in the story, because they can regulate the exchanges and they can stop people exchanging cryptos back to fiat. Also they can make banks stop and reverse wire transfers if they are coming from crypto exchanges (cashing out to fiat). As soon as cryptos will have mass adoption (among merchants), this will be harder for governments, but it will be possible still.

Banks don't want you to use the bitcoin for the same reason the stock exchange not support btc. I see a lot of people who are stock trader or even not come to this industry I think it's all about popularity and bitcoin is pretty much popular to attract people to get into it. They have to fight harder to make their industry keep exist since our young generation and even next generation are more interested in crypto and the number is counting.

Short term, yes, this, Long term I doubt that can pose a risk. Of course they have the power, however, it will not be enough to stop bitcoin and crypto currency. What they can do is put a reminding to people, however, do you think that they will heed their call? I don't think so.

This is a free market and everyone in stocks or crypto is in for the profit, how can you stop guys in making more money? I'm seeing that the more they try to stop people from investing, the more it will generate enough buzz and curiosity that will resulted in more people pouring cash into the ecosystem.

They have the money and power to make it very hard for crypto to get a real foot on the ground. If you know anything about lobbying you know that is something that will happen. But you shouldn't be that scared , i think most people that invest in crypto are not people really invested in stock. i still think it is a good bet to be invested in both right now.

There is nothing new about it. Both banks and stock exchanges are insecure about cryptocurrency and fight against it. As soon as cryptos will have mass adoption (among merchants), this will be harder for governments, but it will be possible still.

Remember that Jamie Dimon, CEO of JPM Bank declared that he would have fired every employee who had been hired to deal with cryptocurrencies. Months later he regretted having called bitcoin a fraud. We will see many other changes in the coming months.

It is a common worry by most nations who think that the investments that could be made in government controlled sectors and finances are driven away because of the attractive crypto currency market with bitcoin as the leader and that is the case with the national stock exchanges around the world, since you said that you work for these companies you might know that they have the powers to pull the strings from a government aspect and they can impose restrictions.

One single company does not have the power to dwsteoy bitcoin but I am sure that if dozens of this companies will join together and fight against bitcoin they are going to make a big difference

I have known about that information, and many people hate bitcoin. so they would do anything to stop the crypto world.
of course, everything done by people who hate crypto can pose a risk to the crypto world.
and I think the crypto exchange in London like LCCX will get the first attack.

and my opinion,  crypto cannot be stopped, because stopping crypto will only make the world crypto more publicly known. and in the end, they will surrender, because more people who feel the benefits, as in Korea, application demand with use crypto increased high.

Yes every issue should be calmly resolved without panic.
stout people trying to do anything to benefit themselves. including spreading fud news and other negative things to drop the price. Forget it and stay calm, bitcoin holders are not just one country.

I'm pretty sure they are trying this from long ago. And they will keep trying. No doubt, they posses pretty much power, still it won't be enough to stop crypto. Yes they would succeed if any individual or a group had controlling power of crypto. They are master of manipulation, but they can't control something which is decentralised.

It seems like they really trying to realize - their features are addressing the services people use in stock exchanges: keeping most of the funds in cold storage + insuring all funds in hot wallets, being regulated etc, here is a couple of key features from their "About" section, seems really engaging to be adopted by many users: https://lccx.io/#about_section

• Keeping 60-75% of client funds safely offline in cold storage vaults
• Insuring clients online funds against hacks

I think that despite the prohibitions on the part of the authorities, the crypto currency will still live and develop, because the crypto currency has too many advantages over conventional money and the banking system that becomes irrelevant and unprofitable for the common people

This is really not new at all and its not even surprising. Wall street people get their money from bonuses which can only happen when people invest in stocks and with the absence of that, it sure shows that their own status is being threatened everyday. Gone are the days where the only investment option you could have is the stock market where everybody no matter the level of knowledge would only advise you towards that direction because of two things

1. That you get to sell at a higher price when the stock gain more value and

2. You get to share the dividend if the company declares for its shareholders.

I fell into those thinking too but not only do price of stock crashed but also companies are not mandated by law to declare dividends which makes those returns under probability.

But today, you have a another viable option which is bitcoin (although with its own risk) but that is what is giving them a cold run and they are looking for ways to tame it.

They should all be scared due to those bankers having to learn new skills. Crypto is different from trading stocks and shares, but the market for crypto is too big to ignore. Lets see how big this shift is going to be.

it will surely happen and not only in the UK, even in some countries including my country but we can fight it because the most important is how we can have a crypto currency community to deal with the problem together, I just say a little joke about the bad thoughts that I have, if we have enough people at least 20% of the population in the country just invites them to withdraw money from the bank, I'm sure you all know what will happen after that  8)

London stock Exchange fighting against Bitcoin and Crytocurrency why fighting?in a real sense i don't there should be any discord or fighting on this matter as far am concern.hard truth is always bitter.

Nobody earns that. If you invest $1000 and you earn 30% daily you'll be a millionaire in less than a month.

Be skeptical with what you read on forums guys! Especially if it sounds too good to be true.

Cryptocurrency is a new technology competing against the stock market and forex exchange, overtime to remain relevant in the stock market space and forex exchange you must be involve in cryptocurrency,  sure the space is here to stay, Just the way car manufactures have no choice than to accept the air transport overtime, no one believe anything can fly until the wrigth brothers convince the whole world.

Yes many traders and investors are already millionaire with the help of crypto because on the past years cryptocurrency already skyrocketed with an insane amount of gains but most millionaire and big earners will prefer to have a multi business such as investing on other assets like stocks and forex because they want to earn more .  a real investor wont put all his eggs in one basket because they know that it is too risky  .

of course they pose a risk and they are actually part of selfish individual that feel threaten because they see that people will surely prefer investing in crypto other than the traditional stock exchange. Some of them are behind many negative articles being published online in order to bring crypto down but all I know is that the crypto will come stronger than before. I personally have conversed with a banker who told me that technology behind crypto (i.e. blockchain) is evolving and he said he sees many financial institutions adopting it in the nearest future.

Progres always wins. No matter how hard they try, if cryptocurrencies prove their viability, sooner or later all exchanges will have to face the new reality. So it has been many times throughout the development of mankind. When a firearm first appeared, many people did not see any prospects in it, because guns didn’t shoot very accurately, they were loaded for a long time, gunpowder often deteriorated, but nevertheless, technology continued to develop and now small arms are used throughout the world. There are thousands of such examples. These people will not be able to influence evolution.

I think that most people here could have told you that as well.  :D

In the end, even if they end up using blockchain tech, I don't see how any of you guys will benefit from that. It's not in their interest to pass on the efficiency gains to clients in form of faster and cheaper services. They want you to keep paying disgustingly high fees for transactions that are processed in a timely fashion.

On top of that, financial institutions might have switched to blockchain tech years ago already. It's not that they are completely new to the space, they just want you to think so in order to justify high legacy fees for slow and often unreliable services. Fees are a gold mine, they won't let go of that.

This is called evolution. Those stock exchanges will soon learn that they need to integrate with crypto or be left behind. Nobody is interested in those minor gains on the stocks, only whales can get rich on that. In crypto, anyone can do it with a bit of luck and research

Maybe they tried to manipulate the market. I think they want to buy Bitcoin very profitably. Therefore, they will criticize Bitcoin and cryptocurrency until the price becomes attractive to them.

I think not only London Stocks Exchange, most central banks and government want bitcoin death but bitcoin always survive. Recently, in Davos meeting, they want make bitcoin worthless and its a warning that global finance institution will always fight bitcoin and cryptocurrency

Stock exchanges feel tremendous competition, which is why such strong bids, but in fact they will not be able to influence society, everyone will remain with their own interests, and wanting to participate where he wants and where is profitable!