Goldman Sachs is flirting with bitcoin trading

[TagaMungkahi]

Seems Like this would be BIG news!!

http://www.businessinsider.com/goldman-sachs-is-flirting-with-bitcoin-trading-2017-10?

What a fairy-god-father,  This is really a BIG BIG news for us cryptocurrency enthusiasts, we need this kind of BIG investors who have a big vision for cryptocurrency, we should support him, with his support on bitcoin community the possibilities and opportunities are now bigger.

[happyme1818]

Seems Like this would be BIG news!!

http://www.businessinsider.com/goldman-sachs-is-flirting-with-bitcoin-trading-2017-10?

This is good news to everybody and a slap on JP Morgan CEO's face. For sure bitcoin will back on track as seen on the chart right now. Hold your bitcoin because anytime now it would be bullish again.

[Bitcoin Guy]

It's very ironic how something so centralised is showing interest in something created to battle the very essence of banking systems. Having spoken to people in finance almost all have had negative things to say about Bitcoin and most have said it's a bubble waiting to burst.

It's not ironic. They are an investment bank and broker, not a central bank. People often confuse the former with the latter. I'll bet Goldman Sachs was accumulating positions on NVDA for years while watching the cryptocurrency economy blossom. They're good at what they do -- investing and trading. And they're happy to take a fee for brokering crypto investments for clients. Central banks probably don't like the smell of all this, but that's a different matter entirely.

Yes, central bank and bankers/people associating with central bank hate Bitcoin.

[brickafterbrickwalldpt]

Looking foward to this one. May possibly mean a huge change for the greater good 

[bitart]

It's very ironic how something so centralised is showing interest in something created to battle the very essence of banking systems. Having spoken to people in finance almost all have had negative things to say about Bitcoin and most have said it's a bubble waiting to burst.

It's not ironic. They are an investment bank and broker, not a central bank. People often confuse the former with the latter. I'll bet Goldman Sachs was accumulating positions on NVDA for years while watching the cryptocurrency economy blossom. They're good at what they do -- investing and trading. And they're happy to take a fee for brokering crypto investments for clients. Central banks probably don't like the smell of all this, but that's a different matter entirely.

Yes, central bank and bankers/people associating with central bank hate Bitcoin.

And they don't like the other fiat currencies as well. Central banks are regulating their currency, and their country's economy as well. Imagine if you live in the US and you have your central bank working on the monetary system and from a day to another people in the US starts to use EUR for their everyday spending. US central bank from that point won't have effect on the quantity of EUR in the country, because they can't regulate it. They would lost the control over economy. And vica versa, in Europe, if people would start to use USD... This is true for bitcoin, but bitcoin is not so videspread yet, so the problem is not straightforward at the moment, but central banks are aware of the problem already. Thinking on state issued digital currency is a kind of answer from the central banks to the question of bitcoin...

[LeGaulois]

It's very ironic how something so centralised is showing interest in something created to battle the very essence of banking systems. Having spoken to people in finance almost all have had negative things to say about Bitcoin and most have said it's a bubble waiting to burst.
This is definitely good news. Even the banks know BTC's worth and regardless of their motivation for trading it, this definitely helps widespread adoption

It will end like with JP Morgan, they will create their own pattern and their own crypto-based project and will claim to have THE invention of the 21th century. While it's true all have a negative opinion about Bitcoin, most of them find the Blockchain technology interesting and useful for the banking systems. It's why I say blockchain has more potential than Bitcoin.

[CryptoNewKey]

They are trading and shorting it for profit not building a system or using blockchain technology

[batang_bitcoin]

Goldman Sachs believe that bitcoin has the potential and there are many articles about it describing on his status with bitcoin and it's clear that he is a supporter of it. And this is a very good news because after the negative fraud words before we are now seeing good news and having a great support to the bitcoin network. They are for the profit no matter what they came from.

[soham]

This is a good news.  Right now they are only exploring the possibility. 

We are waiting for institutional investors to join the party.  Once they join, the price will be bidded up.

That's indeed a good news! If a financial institution like Goldman Sachs finally decides to join the bitcoin party and become a full time trader, bitcoin will be huge in no time. And if they are successful for few months of trading, I am sure a lot of other financial institutions will be interested too. We may see an influx of organized sector's money coming in to bitcoin market. They are just testing the water now. I hope they will become a full fledged investor soon and we all have a reason to celebrate.

[Adbitco]

Nobody can resist the huge long term gains bitcoin or other cryptocurrencies can offer. It has drawn a lot of individual investors already and it's nice to know that such big names are starting to take interest in cryptocurrencies and it's a good sign for the growth of cryptocurrencies that it's drawing institutional investors attention too. All this together is certainly going to benefit both bitcoin and the community too.

[MWalk]

Seems Like this would be BIG news!!

http://www.businessinsider.com/goldman-sachs-is-flirting-with-bitcoin-trading-2017-10?

I've heard this and it would be big news. It's ironic with Jamie Dimon making negative statements about Bitcoin. However, any smart investor has to seriously consider cryptocurrencies or they are going to miss out on a huge opportunity. They've already missed the last eight years of huge gains and there's no denying that it's here for the long term.

But of course it is good news when large banks want to invest in Bitcoin. It will probably help drive the price up some and make Bitcoin less volatile.

@aardvark15 - yeah...my thought is that if Goldman Sachs creates a fund then the price of Bitcoin won't just DROP because some idiot tries to manipulate the market by claiming Scam or Bubble.

[Mia Wallace]

This is good news to everybody and a slap on JP Morgan CEO's face. For sure bitcoin will back on track as seen on the chart right now. Hold your bitcoin because anytime now it would be bullish again.

The CEO of JP Morgan does not know or understand what bitcoin is all about how it runs and so is the reason he comes up with more excuses and lies to create fear among people and the decision of Goldman Sachs is that they are trying to make use of the technology and make a good return and that is what every corporate will be doing rather than negating the opportunity.

[Dailyroberts]

It's very ironic how something so centralised is showing interest in something created to battle the very essence of banking systems. Having spoken to people in finance almost all have had negative things to say about Bitcoin and most have said it's a bubble waiting to burst.

It's not ironic. They are an investment bank and broker, not a central bank. People often confuse the former with the latter. I'll bet Goldman Sachs was accumulating positions on NVDA for years while watching the cryptocurrency economy blossom. They're good at what they do -- investing and trading. And they're happy to take a fee for brokering crypto investments for clients. Central banks probably don't like the smell of all this, but that's a different matter entirely.

Yes, central bank and bankers/people associating with central bank hate Bitcoin.

Jp Morgan acted like they hate bitcoin, but GS is acting like they like bitcoin. Interesting things are happening. In the near future, we can see very constructive things about bitcoin.

[Thymoty]

Great News , when there are some countries and bankers who declare war on Bitcoin,

until now Bitcoin prices continue to increase, whether this news that helped make Bitcoin prices getting stronger,

[Smokey Bob]

The fact that established banks are taking an interest in digital currency is not only good for crypto, it's good for the banks. Blockchain technology can be very disruptive to the way banks are run today. If they don't adapt to it they might perish because a lot of what they earn money from will not be acceptable for their customers when there's an alternative.

[1C6fV5DtakfKANLJ8GUV7hCaA]

Wonder what happens after 10 years.

[robx]

If they set up a trading platform for margin trading or kind of cfd on bitcoin i guess they would get so much fees from traders because of getting stopped out etc.
They are not really interested in bitcoin itself, what makes it attractive to them is for sure the high volatility compared to the stock market.
at least my thoughts...

[pitiflin]

Seems Like this would be BIG news!!

http://www.businessinsider.com/goldman-sachs-is-flirting-with-bitcoin-trading-2017-10?

This guy claims that he is open to get profits and he finds crypto to play a good part in it. Also some rumors say that he is doing this to oppose his opponent JP Morgan. If Goldman Sachs makes this move, the prices might get influenced and then Jp Morgan will play it's role.

[stompix]

I'm starting to love this...../sarcasm off

Goldman Sachs is getting praised by tens of people even on bitcointalk.
Probably next is JP Morgan, then Bank of America and then the two FM , and maybe we will all cheer for KimJong  adopting bitcoin.

Then we will applaud banks using bitcoin, then government running nodes , then all the nodes...
Really?
Cheering for the involvement of GS?

[bitart]

I'm starting to love this...../sarcasm off

Goldman Sachs is getting praised by tens of people even on bitcointalk.
Probably next is JP Morgan, then Bank of America and then the two FM , and maybe we will all cheer for KimJong  adopting bitcoin.

Then we will applaud banks using bitcoin, then government running nodes , then all the nodes...
Really?
Cheering for the involvement of GS?

Cheer is for the free marketing, done by Goldman Sachs, mentioning bitcoin in a good context (opposite to JP Morgan, who put all the negatives on bitcoin few weeks ago). This is it, nothing special. Nobody want the financial giants to take over bitcoin, they won't, they're about to develop their own system based on ETH (see the EEA, some of the big banks are in). If they let their customers to trade bitcoin, they would legitimize bitcoin with this, and that's good for the wider acceptance, for the mass adoption.