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Title: Goldman Sachs drops the BTC bomb... Post by: murkster on March 13, 2014, 12:57:48 PM Quote Goldman Sachs Sees Bitcoin Future in Payments Over Money http://www.bloomberg.com/news/2014-03-12/goldman-sachs-sees-bitcoin-s-promise-in-payments-over-currency.html (http://www.bloomberg.com/news/2014-03-12/goldman-sachs-sees-bitcoin-s-promise-in-payments-over-currency.html) Quote Goldman Sachs drops the bomb: BTC represents potential annual Retail, E-Comm, Remittance savings of +$210 billion https://pbs.twimg.com/media/BiifP-HCAAAeAZY.png:large (https://pbs.twimg.com/media/BiifP-HCAAAeAZY.png:large) Title: Re: Goldman Sachs drops the BTC bomb... Post by: cedivad on March 13, 2014, 01:01:02 PM If you can't beat them, join them.
Bitcoin won already. Posted from Bitcointa.lk - #9NWBUBQvKmNrdxO1 Title: Re: Goldman Sachs drops the BTC bomb... Post by: LiteCoinGuy on March 13, 2014, 01:14:23 PM there were alot of good reports about btc from banks in the past months. the worst report was from JP, all others were quite positive.
Title: Re: Goldman Sachs drops the BTC bomb... Post by: db on March 13, 2014, 01:20:49 PM Zerohedge posted the actual report (http://www.scribd.com/doc/212081706/Goldman-All-About-Bitcoin) in their article about it (https://bitcointalk.org/index.php?topic=513441.0).
Title: Re: Goldman Sachs drops the BTC bomb... Post by: kjlimo on March 13, 2014, 02:07:32 PM Zerohedge posted the actual report (http://www.scribd.com/doc/212081706/Goldman-All-About-Bitcoin) in their article about it (https://bitcointalk.org/index.php?topic=513441.0). Thanks for the link! I'll look at this report soon. Title: Re: Goldman Sachs drops the BTC bomb... Post by: BitOnyx on March 13, 2014, 02:13:19 PM Eric Posner act like advocate of bitcoin in those reports.
Nice report to read for everybody interested. From Goldman Sachs I expected something more PR oriented then intellectual, but yeah.... They also put very important question, is bitcoin a currency? They answer is interesting, but i guess they haven't look on long period of time and mining difficulty factor. Also comparing it to traditional currencies is rather pointless. Title: Re: Goldman Sachs drops the BTC bomb... Post by: tinus42 on March 13, 2014, 02:14:39 PM This would mean a valuation of $16,786 per bitcoin (based on current amount of BTC) and $10,000 at the lowest (based on the maximum amount) considering these estimates alone.
To the moon!!! ┗(°0°)┛ Title: Re: Goldman Sachs drops the BTC bomb... Post by: b!z on March 13, 2014, 02:20:21 PM Great news! It's good to see that banks are not completely against BTC.
Title: Re: Goldman Sachs drops the BTC bomb... Post by: notthematrix on March 13, 2014, 05:26:03 PM Great news! It's good to see that banks are not completely against BTC. Well people can not be against bitcoin , it does not need growth witch means more waste of earth resources to create this growth , the current system will collapse if there is no inflation/growth while resources are harder and harder to find. so the questing is how to get out ALL TOGETHER out of this inflationary monster without a complete world war.... Answer ......... let the decentralized bitcoin develop and grow since it has the highest change also to be accepted by your enemy! :) so bitcoin might be verry wel the LESSER evil even from a central bankers prespective! Title: Re: Goldman Sachs drops the BTC bomb... Post by: thutrant on March 13, 2014, 07:01:20 PM That is good news finally, but I'm hoping JP would eventually follow suit because that's where I bank with.
Title: Re: Goldman Sachs drops the BTC bomb... Post by: LiteCoinGuy on March 13, 2014, 08:31:18 PM The fail is strong with that logic. If market cap is 10 billion, it would not take another 10 billion inserted into the market to double the market cap (same applies to price per coin). Bitstamps trading volume yesterday was approximately equivalent to $2.4 million usd. If a potential buyer had sunk in $100 million, or even $10 million, the price would have increased significantly. This would mean a valuation of $16,786 per bitcoin (based on current amount of BTC) and $10,000 at the lowest (based on the maximum amount) considering these estimates alone. To the moon!!! ┗(°0°)┛ agree. little money can move alot. Title: Re: Goldman Sachs drops the BTC bomb... Post by: Denton on March 13, 2014, 11:07:33 PM Quote as more bitcoins are created, the mathematical computations required to create more become increasingly difficult I'm disappointed that they got this simple thing wrong. |