Goldman Sachs Explores a New World: Trading Bitcoin?

[muraqaba]

Move would make it the first big Wall Street firm to deal directly in the growing yet controversial cryptocurrency market


https://www.google.com/amp/s/www.wsj.com/amp/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128#ampshare=https://www.wsj.com/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128

Interesting.

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[aso118]

Move would make it the first big Wall Street firm to deal directly in the growing yet controversial cryptocurrency market


https://www.google.com/amp/s/www.wsj.com/amp/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128#ampshare=https://www.wsj.com/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128

Interesting.

Where there is a money to be made, can you expect Wall Street firms to be far behind? Except perhaps Jamie Dimon. He has threatened to fire anybody who buys bitcoin in his company, because they would be stupid.

[HashFace]

I hate the idea of Goldman Sachs getting involved.  They are biggest Wall Street crooks and banksters out there, and given their enormous size and the relatively small size of the Bitcoin market, it would just be a matter of time before they have learned how to manipulate this market.

[joseafonso123az]

Of course banks corporates will start pointing their direction and thoughts to these market. In it's volatile state, the risk that it's associated with BTC, might be worth though!
Will these kind of news boost the value of BTC? Definitely, and if this new adventure of Goldman Sachs gets them satisfied, I think BTC will profit from it!

[skyline247]

JP Morgan is already heavily invested in Bitcoin, and who know how many other entities like that. This news comes as no surprise whatsoever to me.

[ivrynx]

Goldman sachs joining in the game, it will only mean good competition from oyher exchanges, what will happen is that the price of bitcoin will just go up, and will only prove that bitcoin is legal, that it is a legitimate currency. With all the news spreading and bad mouthing bitcoin, saying that it is a fraud, a scam has no worth, i think with this move, it will change their mind, since goldman sachs is a trusted institution. I think.sooner or later, we might be hearing from other banks, as well, saying that they too, what want to be a part of the bitcoin movement, since, therr is a saying, if you can't beat them, join them and this is exactly what is happening, since banks could not beat bitcoin.

[xskl0]

Slowly we are going mainstream. This news is interesting but this yesterday's tweet is more:

 

[talkbitcoin]

this is what i have always been afraid of, big players like these from Wall Street getting involved with bitcoin. i am afraid they may ruin many things by entering the market.
the best case scenario is that the price rise is going to be speeded up and that makes it harder for me to buy more bitcoins and reach my desired target.

[okae]

Of course banks corporates will start pointing their direction and thoughts to these market...

Thats not 100% correct, banks and others "big sharks" already jumped into bitcoin long time ago, just look at the recent news about Wall street sharks where they are saying one thing and made another different one in the shadows ...

ATM this is the best "time" for all of them, a time where bitcoin is not regulated and is cheap, the perfect trading business .... so why not to keep it as much as possible? : P

[FrueGreads]

I must say that every time I hear these kind of new I get a little divided. Maybe that's because I don't have much of a financial background, but the feeling I get when I see these moves is that these guys are coming to bitcoin to make profit from it and probably not really to hold it, or expect it gets mass adoption at some point and be used a a form of payment. I think these guys just want to buy low and sell high, and I ask myself if this is what we really want for bitcoin. Yes the price will go up, but what will happen when they decide that their profit is good enough and that it's time to sell? That's what frightens me a bit. If they are buying BTC to hold it, and then eventually to use it buy stuff with it, and actually use it as a parallel currency, then this is great, but if they will just sell it eventually for profit, then it might not end well. Like I said, I always get split feelings when I hear these things.

[Juggy777]

Move would make it the first big Wall Street firm to deal directly in the growing yet controversial cryptocurrency market


https://www.google.com/amp/s/www.wsj.com/amp/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128#ampshare=https://www.wsj.com/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128

Interesting.

Intresting article that Goldman Sachs is interested in Bitcoins, though I don't really like them very much but this is a positive publicity for everyone involved. They are a big name and they would surely create lot of buzz in the market especially after IMF chief said, it was only a matter of time. Suddenly there is all but positivity for Bitcoins, and I hope it prices shall soon be going up and up.

[pginvest]

Move would make it the first big Wall Street firm to deal directly in the growing yet controversial cryptocurrency market


https://www.google.com/amp/s/www.wsj.com/amp/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128#ampshare=https://www.wsj.com/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128

Interesting.

It is inevitable that the mainstream gets involved, first they ignore it, then they denounce it, then they embrace it as if its their idea.

If Wall Street embraces Bitcoin and other cryptos and serious money floods in, it could drive prices through the roof.

[Lucius]

Of course banks corporates will start pointing their direction and thoughts to these market...

Thats not 100% correct, banks and others "big sharks" already jumped into bitcoin long time ago, just look at the recent news about Wall street sharks where they are saying one thing and made another different one in the shadows ...

ATM this is the best "time" for all of them, a time where bitcoin is not regulated and is cheap, the perfect trading business .... so why not to keep it as much as possible? : P

I agree that "big fish" join to bitcoin and some others cryptocurrency before,but maybe at that time did not fully see the potential behind it.Now that things are a little clearer and they see money can be made we can expect a lot more news from them.Also even bitcoin is above 4000$ and for most of regular users is very expensive,for some big players this is a very acceptable price if we take into account what the possible value can be in next years.

Is it good or bad that the big players join in the game?In my opinion it is good in point of new money who will enter the system and probably increase value of bitcoin and also make it more visible.On the other side desire for the highest possible profit opens up the possibility for great manipulation,we all see what they can do in recent past.

[Red-Apple]

it is very interesting to see so many different behaviors towards bitcoin coming out of US these days. with JP Morgan and others calling bitcoin things like fraud and then Goldmad Sachs and others calling bitcoin other positive stuff and trading it openly!

it is like two sides of the same coin with them sometimes. and meanwhile they are all doing the same thing: invest more and more in bitcoin no matter what they publicly claim.

[Phildo]

Okay let's think positive, this is a good news that there are big players going to jump in here, we can take this opportunity to buy more Bitcoin, but it’s possible they will monopolize this market and get rid of the small players.