Bitcoin Forum

1. Bitcoin has to show that it is the dominant crypto platform with a long staying power. However to prove that, it needs large scale buy and hold from wall street, resulting in catch 22 situation.
2. If you look at one of Peter Thiel's videos (https://www.youtube.com/watch?v=RUMgK0TyV1Q), he talks about supporting monopolies. Bitcoin is an open system, hence no monopoly is likely which we should be happy about.
3. Wall street understands companies, even companies with platforms (Apple, Google, Microsoft, facebook, etc). They do not understand or invest vast sums into platforms that are not associated with one dominant company. Example-Linux and now bitcoin.
4. Cons of bitcoin (from the wall street perspective): bitcoin does not have a single charismatic leader that Wall Street comes to trust (a la Gates, Jobs, Besos, Zuckerberg, Page/Brin).

Conclusion: Wall street will try to build up and promote some crypto 2.0 (ethereum) that is/are associated with certain leaders (Buterin/Wood) or an alternative 1.0 (XRP). We'll see if that works.

Bitcoin has to survive and thrive WITHOUT wall street, as was originally intended.

If there's a decent bit of money to be made and it's reasonably above board, Wall St would happily trade used tampons.

I don't see why a few of them won't have a dabble in BTC once there's regulation to allow trustworthy/ even more rigged trading.  

not talking about trading chick s... money (a few mils here and there).
Seriously...100% of bitcoin market cap is a few tens % of some messaging app

That's an opportunity, isn't it?

The market cap of bitcoin is tiny in wall street scale. Their "not very much" is huge could move bitcoin markets. If there is money to make, they will be in.

They are clearly making a small bit of money on the short side right now, but I am talking about serious money with billions invested.

You raise a good point about the company and platform thing. People like a personality cult figure they can rally behind when times are good and blame when times are bad. Who do we praise and villainize when BTC is going or not going the way we like? There is no CEO or board of directors to oust when shareholders are unhappy.

exactly, but nature abhors vacuum, so somebody will step up (please, please let it be someone else and not AA- he is a bit of a preacher type).  
exchanges better move quick to do us a solid for this mess costing us at least 16% decline in value.

Of course they won't. They are not dumb unlike most users of this forum.

It's quite plausible that we would see companies working in the bitcoin space trading on Wallstreet at some point. Remember, bitcoin is like the internet.

 "How are you going to make money buying and selling the internet. It's far too complicated for ordinary people."

There are people who work on Wallstreet currently involved in bitcoin trading. The market is small enough that iit can be manipulated, which translates to huge profits for some.

   It took 20 years between the first use of tcp/ip and the first email, and another 10 years before everyone was using email. Technology keeps accelerating, but it still takes time.

   Wow, do you ever demonstrate intelligence, or just insult other people's?

Yes, I do. Read my previous threads where I told people to sell when price was 300+.

I also made pretty accurate predictions of drop.

Eat a bag of shit, dumb sheeple holder.

I'm laughing with my $ all the way to the bank.

Today I bought my first Rolex.

Something you plebs won't ever experience due to buying into magic beans scam and not wanting to work like normal people.

And you're proud of yourself? Poor man..

Sour graping this hard...pathetic Bitcoin holder sheep.

There is a reason why everybody here ignores him :) He's an empty shell of a troll. So please stop quoting him, as by doing so you make his garbage visible to everyone.

>troll
>predicting accurate drops
>telling people to short and sell
>making people who listened money
Whatever you tell yourself, blind cultist.

1: I've sold my BTC way before you did, watching the price drop everyday with peace in mind.
2: The only thing a Rolex is proving is that you have very bad tastes.

Bitcoin does not need to "prove itself" to anybody, including Wall Street.

Hot women don't agree with you hah

There's no underlying value in a bitcoin, so of course wall street isn't going to invest any further than some of the exchange start ups. They know that sheep still need somewhere to go to cash in and out of their digital funbucks, so it's a guaranteed profit model.

You know... in a gold rush, the guy who sells shovels...?

Sorry, haven't been on here for a while so I just wanted to provide a readily available antidote to the venom.

we are so short sighted - geez,

give it 5 years and see what happens.

Never is a LONG freaking time.

You really have no case to stand on. Pure speculation. There has never been an open source technology as popular or powerful as bitcoin. So you don't really know how Wall Street will respond. None of us do.

Their response so far has been less than spectacular. I'm starting to really doubt that Btc is ever going to go mainstream.

Ok

so far they invested the crumbs produced by an ant eating peanut crumbs.
this thread is in the speculation area.

They don't invest in other OS projects because for most of them there is no clear way to invest and absolutely no way to have control over your share if you do donate. Bitcoin is different in that you have direct control over your share, right away. We will see alot of wallstreet money, soon, there is no going around that. Wherever there is potential profit...

The largest pools of available investment dollars are public employee/union pensions that are privately managed. Decades ago, there was a mass "pension-fund movement" that was started in America as a way to make an impact on the growing corporate power of non-institutional business. The premise was that publicly funded pensions could amass large amounts of public cash and use it to tame corporate power and their ridiculous interests at the time. In the late 80s/early 90s those public pension fund managers prostituted their public interests for an individual share of huge earnings by selling off the fund management rights to private companies.

What we have today is a large body of employees paying into a retirement plan that is managed by a private company.

The model today:

1. A public employee puts money in (401K, 403b, 457, pension, etc.)
2. Employee has no say in what his/her money is invested in
3. Employee settles for a modest return (3-8%)
4. Private investment firm makes between 20-25% off public dollars while simultaneous mitigating risk as money is not theirs to begin with
5. Private firm gives kickbacks to institution who allows them to manage their public portfolio
6. Repeat

The problem with Wall Street getting into Bitcoin is that it's not regulated. The grand investment scheme going on since the 80s requires heavy legislation to keep it afloat. Wall Street wants in, but America no longer has private money, it's all been siphoned out of the investment system. Today there is an economic playground where all the players use someone else's money (yours) and profit.

I believe Bitcoin is a jointly funded government/private firm en-devour. Almost something a la backyard DARPA. I think the purpose of this technology is to divert the eventual release of the USD as the world reserve into something the global economy can use in the wake of the massive USD decay. America no longer can/wishes to be the world's bank, but with so much of the world tied to the USD since the oil/trade agreements of the 70s, it would collapse even the largest of powers (China for instance) if the US were to just stop printing.

You, me, big companies; sure, yeah we all want to make money off this. This isn't without its merits, but the big picture is something larger than money. It's power. Pegging the eventual release of the USD as world reserve to a world currency like Bitcoin or something like it (check out SDRs from the IMF) is genius. Right now, we have a bunch of scammy people with money stealing dollars from early investors and speculators. If you have the means to hold out, the real profits come after all Bitcoin has been minted. Exchanges will fold, the blockchain will be mature and those who hold either enormous amounts of Bitcoin (or whatever the digital currency is) or fiat will be the winners and in control.

Too long to wait until all will be minted/mined-it will happen in 2140, but >90% will be mined by 2024
https://en.bitcoin.it/wiki/Controlled_supply
In 2015 we will pass an important (psychologically) point: 2/3 of all coins will be mined (14 mil out of 21 mil).

So far there was a profit in shorting it. What do you think GABI fund was doing since summer?