Bitcoin Forum
February 28, 2017, 12:36:20 PM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Ways to Play Bitcoin Impact on Economy?  (Read 1002 times)
jmarin
Newbie
*
Offline Offline

Activity: 5


View Profile
June 09, 2011, 12:02:34 PM
 #1

Any ideas regarding companies that could benefit from all the Bitcoin activity?

In reading through the Dwolla info it appears they hold customer funds at a small publicly traded bank (Midwestone, MOFG). Assuming traders are using the Dwolla/Mt. Gox route to buy Bitcoin I would think this bank would benefit from an ever increasing amount of cash (float) flowing through their coffers.....I'm sure there are other companies that might benefit with a few degrees of separation as well but this is the only one that I've found that is investable .......

1488285380
Hero Member
*
Offline Offline

Posts: 1488285380

View Profile Personal Message (Offline)

Ignore
1488285380
Reply with quote  #2

1488285380
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1488285380
Hero Member
*
Offline Offline

Posts: 1488285380

View Profile Personal Message (Offline)

Ignore
1488285380
Reply with quote  #2

1488285380
Report to moderator
1488285380
Hero Member
*
Offline Offline

Posts: 1488285380

View Profile Personal Message (Offline)

Ignore
1488285380
Reply with quote  #2

1488285380
Report to moderator
1488285380
Hero Member
*
Offline Offline

Posts: 1488285380

View Profile Personal Message (Offline)

Ignore
1488285380
Reply with quote  #2

1488285380
Report to moderator
jmarin
Newbie
*
Offline Offline

Activity: 5


View Profile
June 25, 2011, 03:59:31 PM
 #2

Interestingly Midwestone Financial, one of the banks used by Dwolla for its deposits is up 8% since June 9 on much higher daily volume (S&P 500 is down 2% since then). Seems like others have also figured this stock as a public way to play to the online currency and banking revolution!
qualia8
Full Member
***
Offline Offline

Activity: 140


View Profile
June 25, 2011, 04:09:41 PM
 #3

MOFG bubble!!  Tongue
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2072



View Profile
June 25, 2011, 04:22:41 PM
 #4

Any ideas regarding companies that could benefit from all the Bitcoin activity?

$AMD ?
 - http://www.google.com/finance?q=NYSE:AMD
Here's and example of why:
 - http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&Description=6990
Though GPUs are just a tiny fraction of AMDs business.

Perhaps FPGA manufacturers are the next to benefit?
jmarin
Newbie
*
Offline Offline

Activity: 5


View Profile
June 25, 2011, 05:03:11 PM
 #5

Yes MOFG has bubbled up recently(:     I guess tools used by the miners would also be an interesting public way to play the revolution,  assuming they also have applications for the general public and growth! 
jmarin
Newbie
*
Offline Offline

Activity: 5


View Profile
June 28, 2011, 03:08:58 AM
 #6

MOFG up again today and up over 10% since my June 9 post (was 12.6 at the time)! Starting to behave like a pre-crash Bitcoin: higher volume and higher highs....maybe the wall street hacks who read this forum have picked up a few shares.....
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1358


Bitcoin: An Idea Worth Spending


View Profile
June 28, 2011, 04:13:16 AM
 #7

Interestingly Midwestone Financial, one of the banks used by Dwolla for its deposits is up 8% since June 9 on much higher daily volume (S&P 500 is down 2% since then). Seems like others have also figured this stock as a public way to play to the online currency and banking revolution!

Compare http://bitcoincharts.com/charts/mtgoxUSD#rg30zvztgCzm1g10zm2g25 with http://www.google.com//finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1309234146603&chddm=7820&chls=IntervalBasedLine&q=NASDAQ:MOFG&ntsp=0
jmarin
Newbie
*
Offline Offline

Activity: 5


View Profile
June 28, 2011, 11:50:15 AM
 #8

Cool charts!  Let's see how it turns out. Maybe there are some stock mining tools at work(:
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!