Goldman & Investors put $50 Million in Bitcoin Industry

[phenam]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

BTCitcoin is going mainstream now after the financial giant invested in Circle Internet Financial

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

which is a service enabling consumers to do dollar transactions (i.e. hold, send, receive), as well as pay
any merchant who accepts Bitcoin.

4 hours later today, the news said the Bitcoin price broke above the long-term downtrend.

https://www.cryptocoinsnews.com/bitcoin-price-breaks-long-term-trendline/

Looks like the price will be going up, and what most of you guys are waiting on.

 

[Amph]

let's hope this isn't another useless news, where the price rise a little at first and then again it occurs another dump

anyway i would not use the word mainstream yet, we are far away from that...

[Undermood]

No wonder ppl are pouring millions of dollars into bitcoin related business, they are not caring the short term volatile price, but for the potential. More merchants, individuals and startups are getting involved in bitcoin and perfect the ecosystem. Besides that, the supply of it is decreasing. They know the price one day will skyrocket! It is just a matter of time!

[sdmathis]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

BTCitcoin is going mainstream now after the financial giant invested in Circle Internet Financial

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

which is a service enabling consumers to do dollar transactions (i.e. hold, send, receive), as well as pay
any merchant who accepts Bitcoin.

4 hours later today, the news said the Bitcoin price broke above the long-term downtrend.

https://www.cryptocoinsnews.com/bitcoin-price-breaks-long-term-trendline/

Looks like the price will be going up, and what most of you guys are waiting on.

 

Bitcoin is definately going in the right direction. That's one step closer to going main stream.

[Lauda]

No wonder ppl are pouring millions of dollars into bitcoin related business, they are not caring the short term volatile price, but for the potential. More merchants, individuals and startups are getting involved in bitcoin and perfect the ecosystem. Besides that, the supply of it is decreasing. They know the price one day will skyrocket! It is just a matter of time!

Well consider how much money they have I think that $50 million is a low amount, but I guess we have to start somewhere?
Actually we don't need more merchants that use Bitpay, but merchants who don't. I'd definitely spend my Bitcoins at a merchant who doesn't convert to fiat instantly.

[AT101ET]

I wouldn't really call this 'mainstream'. While every new investment is great, they ultimately are cashed out eventually. The problem with most companies is that they're looking for a quick money making scheme. They don't believe in Bitcoin or the blockchain technology but rather are playing the markets hoping to make some large returns on their investment.
I think this will sadly remain the case. Bitcoin is too volatile at present for it to be considered a stable and universal currency.
Let's hope that I'm wrong but it's just my 2 cents.

[inBitweTrust]

https://www.youtube.com/watch?v=xlsVJO56Zlg

Hilarious to hear the media pundits fawn over Goldman Sachs at the end.

"Goldman is a legitimate firm that we all love, respect and admire."  "...and they are doing god's work"

 

[Erza]

No wonder ppl are pouring millions of dollars into bitcoin related business, they are not caring the short term volatile price, but for the potential. More merchants, individuals and startups are getting involved in bitcoin and perfect the ecosystem. Besides that, the supply of it is decreasing. They know the price one day will skyrocket! It is just a matter of time!

Well consider how much money they have I think that $50 million is a low amount, but I guess we have to start somewhere?
Actually we don't need more merchants that use Bitpay, but merchants who don't. I'd definitely spend my Bitcoins at a merchant who doesn't convert to fiat instantly.

Yes this is nothing to them but it is hard for us too because when it first enter sure the price will get higher but after he dump it the price will down drastically. It is like gambling now whether is he really going to invest or just playing with this market price. It will definitely depends on them and other investor too

[galdur]

Too bad that those who reportedly are pouring billions into bitcoin related investments never seem to buy any bitcoin. There never is any volume or buying to speak of. But maybe that will change, one can always hope.

Good luck, g

[Kaneki]

if it really happened would be something good news, but we should not be too quick to believe that they did it for mainstream bitcoin, they do it for their own benefit.

[crazyivan]

I do not like to see price moving up and down based on news. I would like it to be more resilient then that and move due to changes in supply and demand. However, any stock market is sensitive on these kind of news so I guess nothing to add to this.

[Kprawn]

Well, I think it is a mad dash for most VC investors... We are approaching a Billion dollars of VC investments and people are sitting up and taking notice now.

Most people want to have a piece of the pie, and Goldman Sachs saw Circle as one of the companies adhering to the KYC/AML regulations and this for them are a save bet.

Nobody can actually invest in Bitcoin directly... apart from funding development. {Paying Core Developers}

Let's not forget that Goldman Sachs were part of the problem, when the fiat banking system nearly collapsed.  

[countryfree]

Goldman! Of all the world's companies, this may be the one I dislike the most. At least, it means BTC's getting real. The ugly bankers have joined the party.

[dothebeats]

http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

BTCitcoin is going mainstream now after the financial giant invested in Circle Internet Financial

http://blog.circle.com/2015/04/29/new-circle-investors-new-us-dollar-account-features-china-horizons/

which is a service enabling consumers to do dollar transactions (i.e. hold, send, receive), as well as pay
any merchant who accepts Bitcoin.

4 hours later today, the news said the Bitcoin price broke above the long-term downtrend.

https://www.cryptocoinsnews.com/bitcoin-price-breaks-long-term-trendline/

Looks like the price will be going up, and what most of you guys are waiting on.

 

Millions of dollars invested in bitcoin doesn't mean that it will go mainstream. In order to achieve widespread adoption, we must have more and more people entering the bitcoin economy, not a single firm that pours in millions of $$$ in hopes of gaining more from it. What people don't really know is that most companies are in it for the profit, and not for the development itself.

[galdur]

Well, in financial market terms bitcoin is practically worthless. Three billion dollars is just pocket lint. It has to be a concern that something with undeniably huge potential never has any volume or buying. Of course trading on fly by night "exchanges" that no serious money takes seriously hasn´t helped so far. Nor has total lack of any regulation or law enforcement = open invitation to criminals. Everything has been done to hurt trust and confidence unfortunately, unfettered criminality tends to do that.

[ashour]

let's hope this isn't another useless news, where the price rise a little at first and then again it occurs another dump

anyway i would not use the word mainstream yet, we are far away from that...

I don't think that the bitcoin price is affected by "Good" news anymore, it's more about demand  and demand rises with news but this doesn't apply to bitcoin since the bad news were more powerful than good new like these

[ElmerLin]

People think wall street are coming into Bitcoin and some how that's going to take us out from this depression phase and back into prosperity. That's not going to happen when everybody is waiting.

[AtheistAKASaneBrain]

let's hope this isn't another useless news, where the price rise a little at first and then again it occurs another dump

anyway i would not use the word mainstream yet, we are far away from that...

No one with big agendas would benefit from a big price surge, they are not here to please the dumb idiots that cannot have a long term vision for Bitcoin, in fact they want to benefit from those weak hands while they mass cheap BTC.

[gamblebitcoin]

They seem to be also putting out investments for a lot of other companies. Possibly this is the reason for the increase in bitcoin price the past 3 days.

[dothebeats]

let's hope this isn't another useless news, where the price rise a little at first and then again it occurs another dump

anyway i would not use the word mainstream yet, we are far away from that...

I don't think that the bitcoin price is affected by "Good" news anymore, it's more about demand  and demand rises with news but this doesn't apply to bitcoin since the bad news were more powerful than good new like these

Any news is good news because it attracts a number of audiences; it increases awareness of the general public that will help them decide whether they will follow in using it or not. Also, seeing that money is being poured towards some bitcoin projects, the public would also do the same thinking that they're not alone in investing in it.