Bitcoin Forum

I noticed that more and more EX/Former Wall Street guys are taking their talents to Bitcoin-related businesses.

http[Suspicious link removed]c-blythe-masters-swaps-wall-street-for-bitcoin/

I mean..Bitcoin was built in the first place to avoid these guys..

I don't think it is too important that this is happening, but it also isn't a bad thing.
With the DOW and NASDAQ at all time highs, bonds yielding nothing and the USD crazy strong, they are struggling to invest in anything that has a lot of potiential.

That and that banks are being more tightly regulated, whereas Bitcoin isn't yet, so they can get away with ripping everyone off for a while before getting caught again!

Well, it's always a good thing. Money coming in it's always good news. They can't trick the blockchain so they are welcome if they put their fiat into BTC.

So in short they have came to make sure bitcoin is regulated sooner than it otherwise was going to be lol bitcoin could have done without these guys but everyone is welcome here including the scum of the financial world and anyone else who feels like coming along to rob as much as they can  :-X

I think it will bring the attention of Wall Street guys at bitcoin, which has great potential and promising future. If most of Wall Strest guys are adopting bitcoin as an investment tool, then the adoption rate of bitcoin will be increasing quickly!

It's good that these bankers are coming over. If you can't beat em join em. I'm sure they can see the great potential in bitcoin and they can help promote it at least. I'd rather have them involved than not at all.

It was bound to happen, many of these individuals are drawn to whatever is hottest. Many of them will move along, the first chance they get, which is fine as well. Its a free market, or at least its supposed to be  ;D

and because they see a big potential in Bitcoin then they are jumping overboard.
maybe bigger money for them, more experience for Bitcoin.

I haven't seen that. Do you have some more info or data about it?

It matters because Wall Street types have tons of capital to invest and tend to be late adopters of new tech

It does, they always seek something new to invest while Bitcoin is definitely a excellent investment, just like new company 21 getting 10 millions investment, Bitcoin is attracting more and more attention.

The scum is pretty much all ready here. This just adds to it. We have a real trust issue with bit coin due to the scammers and ponzi schemes. Keeping it free means the scum will continue to come but so will honest people. I believe in the end that decent people will win out, there will be more pain before we get there though.

I don't think Bitcoin was built to avoid Wall Street, was it?

You have to believe that people who make their living out of capitalizing from investments, currency, and assets would be attracted to Bitcoin if it becomes a viable option for making a living.

The beauty of Bitcoin is that the technology has been developed that removes people from influencing how it operates - people or an organization can't "mint" more, the community is required to verify transactions, which minimizes instances of fraud, etc.

We should be pleased that those on Wall St. are starting to pay attention.

Seeing as how Wall Street (NYSE in particular) invested in Coinbase and that new 21 co, they see potential in Bitcoin, so yes, it does matter.

but bitcoin needs some entities to be able to manage with the today's burocracy

Wall St would trade in smoked placentas if there was money in it so it's no surprise that they'll head for crypto if it looks like taking off.

I can understand your views and I'm also somewhat afraid of these gift bearing Greeks, however bitcoin primarily been built as cheap unregulated money transfer system. Until these guys are playing accordingly to btc's embedded rules I think they can be useful.
I'm much more afraid of politicians then bankers. Bankers used to be sensible ppl...

Wall Street asking if Bitcoin matters is tantamount to passengers on a ship asking if an oncoming tsunami matters.

They are certainly IN. Lots of interest building up behind the curtains. And look at all these positive news on TWSJ.

In Wall Street's eyes, bitcoin is just another asset that they can make bubbles upon and earn lots of fiat

Just like we doing all the time :). I can't blame for that.

Exaclty. It's rather unhealthy for Bitcoin.

Is using a black hole to dispose of toxic waste "unhealthy" for the singularity? I think not.

My English is not sufficient enough to understand what you tried to tell me.

Price manipulations, scams, hacks, heists, dumps are all natural and inevitable for a new currency with a relatively small market cap.

Bitcoin is indifferent to these shenanigans. Like a black hole, bitcoin waits with the eternal patience of the cosmos for the fiat train to fly off the rails.

All empires crumble in time. All imperial money has a limited lifespan, usually measured in the hundreds of years.

For sure.
They are seeing this as an opportunity to make more money and not help Bitcoin/digital currency itself.

Not everyone thinks it's just another asset. Some of them are privately buying and holding for long term use because they see a potential scenareo where Bitcoin becomes a new standard of digital payments.

And at some point it will become plain obvious that anyone with any available fiat to invest with should do so by putting at least a small % in Bitcoin. Bitcoin will become the most exciting thing to have in one's portfolio.

It will indeed that is when the guys who scream interstellar maybe right and i would hunt back to find there threads and give them a tip for not believing in them.

Op the fact at these guys have chose to come and hustle bitcoin does not really matter, well it does but there is absolutely nothing we can do is there and it is also a tool for freedom so anyone can use this even the wall street thiefs hopefully it doesn't end up to bad for avarage investors.

I just hodl hodl most of mine where ever we go i am there :o)

You have a lovely way with words and you are right with much knowledge, how much money from wall street is waiting to feed bitcoin is kind of interesting to me would love to get some potential figures. The thing is when they arrive i believe it will e very fun times the craziness that will come with them is a once in a life time. Will regulations not be to far behind them though i wonder and hope not  :-\

Sure it matters. Institutional investors will bump the price, of course, as they begin funneling client funds into Bitcoin hedge funds and the like

You are too kind, thank you. I agree, this is one of the most exciting times we could possibly be alive. The world has just entered a period of rapid transformation that will not stop until our society is almost unrecognizable by today's standards.

Hell yeah it does, these people have money. Money in bitcoin = good.

Yep, time for us to get plenty of all the bailout money back from these guys. The rest, however, will come from those at the later entry points via the FOMO sentiments.

Bitcoin succeed without the help of these guys.
Now that they notice that bitcoin's popularity is skyrocketing, then they jump ship.

Well, we all know what will happen if Bitcoin sinks, they will jump ship again.

Bubbles?
The way you said it really sounds like fun.  :)

http://cdn.cutestpaw.com/wp-content/uploads/2012/10/l-bubbles.jpg