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Author Topic: Goldman Sachs Entering Bitcoin Trading?  (Read 677 times)
mattimann (OP)
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October 03, 2017, 07:01:04 PM
 #1

http://www.n-tv.de/20064180

According to this, Goldman Sachs ist acteivly thinking about it.

Your thougths Gentleman...? Grin
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October 03, 2017, 07:09:37 PM
 #2

When it will start, it will be so huge !

Massive flow of fresh money entering in crypto by the bitcoin door.

https://techcentral.co.za/goldman-sachs-may-open-bitcoin-trading-desk/77309/
mattimann (OP)
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October 03, 2017, 07:15:41 PM
 #3

It would bei huge.
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October 03, 2017, 07:24:50 PM
 #4

They are already trading it. This would just make it official.
mattimann (OP)
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October 03, 2017, 08:26:12 PM
 #5

https://techcentral.co.za/goldman-sachs-may-open-bitcoin-trading-desk/77309/

https://www.forbes.com/sites/naeemaslam/2017/10/03/goldman-sachs-bitcoin-desk-would-attract-mega-funds/#5be784733fa1

https://www.bloomberg.com/news/articles/2017-10-02/goldman-sachs-said-to-explore-starting-bitcoin-trading-venture

https://www.wsj.com/articles/goldman-sachs-explores-a-new-world-trading-bitcoin-1506959128
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October 03, 2017, 10:24:42 PM
 #6

Trading how? The key is what they can offer to investors. If it's accredited investors only or they don't provide any vehicles via the usual channels then it's still very interesting but won't have as much effect as it could have.
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October 03, 2017, 10:51:38 PM
 #7

When it will start, it will be so huge !

Massive flow of fresh money entering in crypto by the bitcoin door.

https://techcentral.co.za/goldman-sachs-may-open-bitcoin-trading-desk/77309/
That will become the trend topic in the future, huge money flow to the crypto and as the early adopters we can take a lot of the advantage from there. It seems to be the future news to pump the bitcoin's price.

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batang_bitcoin
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October 03, 2017, 11:02:37 PM
 #8

If I'm not mistaken since before his giving his thoughts and speculations about the bitcoin market his already into it. But this is just going to give him a public statement that he's now officially into bitcoin trading. Let's see on how will the market react on these news coming from him, I hope that this will give a positive movement to the charts for this week.

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October 03, 2017, 11:21:05 PM
 #9

Trading how? The key is what they can offer to investors. If it's accredited investors only or they don't provide any vehicles via the usual channels then it's still very interesting but won't have as much effect as it could have.
Right.  I think GS and other investment banks trade mostly on their clients' accounts--not their own. 

I no longer know what to make of news stories, which ones are bull crap and which are true, and I have seemingly lost the ability to discern the importance of stories.  This Goldman story could be insignificant.  In fact, I'm not shocked in the least that they and other banks are buying bitcoin, either for customers or themselves.  It's one of the hottest assets out there at present.  Who wouldn't want a piece of this market, and especially when they have billions of dollars to play with!  They could easily manipulate bitcoin to their advantage.

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October 03, 2017, 11:24:08 PM
 #10

Yes i agree, they have been trading with bitcoins for a lot of time, this is nothing new, a lot of financial companys were already trading with bitcoins or just another cryptocurrencies, only that most of them did not make it official. Looks like this is going to be one of the first who do it.
Anyway, if this is real, then the marketcap of bitcoin is going to rise a lot for sure.


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ragnar0k
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October 03, 2017, 11:34:08 PM
 #11

I no longer know what to make of news stories, which ones are bull crap and which are true

This ones looks quite true - the CEO of a big bank for once is not giving crap to BC, infact, seems to hint there at the possibility it might be the future
https://twitter.com/lloydblankfein/status/915277671831044098
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October 03, 2017, 11:45:01 PM
 #12

They are already trading it. This would just make it official.

Source? They released a couple analyses with price predictions, but I don't see any evidence that they've been trading it. LedgerX is the first historical milestone for institutional investment under the US regulatory regime.

Futures contracts regulated by the CFTC and a Bitcoin ETF are what institutions have been waiting for. GBTC, the pink sheet, by contrast, is not seen as a trustworthy investment vehicle by mainstream investors. I've heard that Wall Street doesn't think very highly of Mr. Shillbert.
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October 04, 2017, 05:43:33 AM
 #13

http://www.n-tv.de/20064180

According to this, Goldman Sachs ist acteivly thinking about it.

Your thougths Gentleman...? Grin


If it does happen then i wouldn't be surprised at all that they took a couple of long positions and pumped the bitcoin price right up. They are probably one of the first institution investors to enter the bitcoin market even though it's been around for 8 or 9 years now, and that is going to cause quite a hype.

They've actually shown interest in bitcoin quite early on, they've made predictions and seems to have an analyst working for them that is focusing on bitcoin.

Hopefulyl they do, since it is an absolute hell of an opportunity.
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October 04, 2017, 05:45:24 AM
 #14

i think goldman sachs has interest in bitcoin 2014-2015 maybe now just officially.
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October 04, 2017, 06:20:44 AM
 #15

I think this is what we need currently, we need more billionaires to invest into bitcoin  in other to stimulate serious upward movement. Goldman Sachs is one of the serious investor, I always admired him and hope he pump over 10% of his involvement into bitcoin and others coins. This is a sign that bitcoin is not a fraud as said by Jamie.
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October 04, 2017, 06:39:44 AM
 #16

I believe they had a party and saw it as an opportunity when Jaimie Dimon released his statement about him and JP Morgan's unfavorable stance on Bitcoin.

Bitcoin and other cryptocurrencies are untapped markets that can be used by banks to gain advantage over their competitors. It will not be surprising if JP Morgan retracts from Dimon's statement and starts investing in it.

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October 04, 2017, 07:09:11 AM
 #17

i remember at least for the past 3-4 months Goldman Sachs has been releasing articles analyzing bitcoin and giving speculations (which were surprisingly good too). and they have most probably been trading bitcoin a long time before that too.
everybody knows how profitable bitcoin has been. and from time to time the market becomes so predictable that it would be a crime not to trade Cheesy

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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October 04, 2017, 07:29:15 AM
 #18

i remember at least for the past 3-4 months Goldman Sachs has been releasing articles analyzing bitcoin and giving speculations (which were surprisingly good too). and they have most probably been trading bitcoin a long time before that too.
everybody knows how profitable bitcoin has been. and from time to time the market becomes so predictable that it would be a crime not to trade Cheesy

They have their own technical analyst in bitcoin market, Sheba Jafari who is really good a predicting the price.

https://www.coindesk.com/4800-goldman-sachs-analyst-thinks-bitcoin-price-heading-higher/

Quote
Jafari predicted, the price could climb to as much as $4,827. But she went on to caution that the market could correct, sending the price tumbling below $3,000.

This prediction is in August prior to the Sept negative news coming from China. And it looks like she is right on target.

Yeah, I agree they have been trading way back because there have been articles going around just like I posted above. I think they are still weighing their options here. But have been brokered several transactions in behalf of their clients months ago. This will just make it official though.
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October 04, 2017, 08:49:41 AM
 #19

I believe they had a party and saw it as an opportunity when Jaimie Dimon released his statement about him and JP Morgan's unfavorable stance on Bitcoin.

Bitcoin and other cryptocurrencies are untapped markets that can be used by banks to gain advantage over their competitors. It will not be surprising if JP Morgan retracts from Dimon's statement and starts investing in it.

They may already be invested in Bitcoin since a while.
As they are also having a big stake in Circle I would really surprised if that is not the case.
If they should indeed officially enter the market now with trading bitcoin, to me that means this all was prepared some while ago.
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October 04, 2017, 09:00:10 AM
 #20

http://www.n-tv.de/20064180

According to this, Goldman Sachs ist acteivly thinking about it.

Your thougths Gentleman...? Grin

The news seems to be true since there are other sources publishing the same thing and is coming from credible sources. This would really contribute to bitcoin adoption if his presence in btc investments will gather more other people to invest and do bitcoin trading too. Market would be more profitable if this happens so I hope him investing here would somehow have a good impact with bitcoin.
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