alyssa85
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CryptoTalk.Org - Get Paid for every Post!
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October 04, 2017, 11:27:54 AM |
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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.
They can do proprietary trading - that is, trading using their own funds rather than on behalf of customers. The big question is how much money they are willing to invest - they have a lot of funds and could quickly overwhelmn the crypto space by themselves. |
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AtheistAKASaneBrain
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October 04, 2017, 04:06:41 PM |
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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.
They can do proprietary trading - that is, trading using their own funds rather than on behalf of customers. The big question is how much money they are willing to invest - they have a lot of funds and could quickly overwhelmn the crypto space by themselves. I doubt they will risk much of their own funds to trade. Bank's entire business is to get money that is in client's accounts and then screw around with it, which is why I never liked the idea of having tons of money on banks (if I had tons of money, im poor so who cares). But if I ever got rich, I would never have more than 50k on a single account, I've seen too much shit lately. And I also don't like a culture of making bitcoin a bank product that clueless people can go and buy. Sure it will help pump the price a lot, but im not sure if it's a good idea. Ultimately the clients are trusting their private keys into the banks and once again it would solve nothing if the bank goes wrong. |
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WatchMaker
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Activity: 518
Merit: 104
PUFFY FINANCE
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October 04, 2017, 04:48:41 PM |
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Yes, Goldman sachs are planning to start trading bitcoin on their platform  |
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freebutcaged
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October 04, 2017, 06:05:23 PM |
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This is Bitcoin mate, anyone is free to enter at any time and leave. thanks to the limited supply even if 1000 Goldman enters Bitcoin trading they will
Not be able to take everything from people like they did with their banks, what this means is more cash in and less coins out. Bitcoin price will rise
And only if you hold your coins you will get to have a part in the game of grownups.
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fabiorem
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October 05, 2017, 01:02:23 AM |
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They can come in, why not? A bank releasing some investment based in bitcoins. But they should make it official, so other banks might join in, to not lose the train.
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entrepmind23
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October 05, 2017, 02:39:33 AM |
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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.
With the incoming bitcoin fork work weeks from now, many people now are putting back their funds back to bitcoin so that they can have a share of bitcoin gold too thus there is a decreasing price in bitcoin after it recovers from its downfall in the previous weeks. I hope that this news can bring positive impact to the bitcoin price but if not then it's all good because as what we see in the previous fork, price went down as well in July and reach again new all time high after the fork so maybe history will repeat itself after the fork this month. Though it may not affect the price that much but still it can help to increase the volume since many trader-investors trust Goldman Sachs I believe. |
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Wind_FURY
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Merit: 1825
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October 05, 2017, 04:03:04 AM |
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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. You mean Goldman Sachs? Absolutely! I believe their executives see the future potential, not just as a source of investment profit but also of the technology. Once the network scales through the Lightning Network, Goldman Sachs and others should augment their products and service offerings with Bitcoin related services. |
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magneto
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October 05, 2017, 04:10:25 AM |
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They probably already trade bitcoin, it's just that they haven't made this public yet. Once they have made this public and official however, i think that we can expect a price hike. Goldman Sachs has lots of influence over the world's banking system and for them to show interest in bitcoin is a huge step for btc. Anyhow, volume for bitcoin trading is still consistently above $1 billion per day. |
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777Bitcoin
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October 05, 2017, 04:13:17 AM |
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That doesn’t much on affect at all. Everyone is open to trade to bitcoin and even they can hide if they want to. Do you think those bankers just promoting bitcoin for the people to invest in it, not sure if that is the intention. They just want us bitcoiners to trust them again and be a puppet under them.
If they see money it doesn’t meant they trust it but just to control it.
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iamTom123
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October 05, 2017, 05:05:21 AM |
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Hope they will start their involvement with Bitcoin and cryptocurrency soon so that it can be a testament that indeed Bitcoin is here to stay and that we should never listen to that man named Jamie Demon as he has his own agenda in putting down Bitcoin and even his own daughter is not listening to him. Goldman Sachs is a very big financial institution that its sway or influence in the marketplace can be felt all the time. Once it would finally be into cryptocurrency am sure that other financial firms would also take a good look if they are not missing something. This can help Bitcoin the much needed footing it needs in the marketplace. Do you think Jamie Demon would soon change his mind on Bitcoin? |
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SummerBliss
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October 05, 2017, 05:24:30 AM
Last edit: October 06, 2017, 05:18:05 AM by SummerBliss |
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This article is full of reasons why a Wall Street giant can help in changing the image of Bitcoin and making it mainstream.
But the main reason for this step is mere PROFIT!
These bankers are mere business men. Nobody can deny the profitability of cryptocurrencies in coming future. The early these bankers inherit cryptocurrencies in their system, earlier they'll be able to capture the market. There is a huge inclination of investors towards cryptocurrencies, recently. Market will get bigger soon. Right now entering the amateur market will help them having a better control on the market. Afterall, cryptocurrencies in some way or other threat to these banks at some sectors. Why not reap the benefits?
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prtty2gal2
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October 06, 2017, 07:46:41 PM |
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Having the powerhouse of wall street announcing the trading of bitcoin officially is really going to make a huge difference. In as much as he said he is still thinking about does not mean trading has not been going on, however, it shows how much bitcoin is really gaining some grounds and I hope he makes a final decisions soon. Every smart investor who really wants to make some cash usually look for the best available opportunity and I am sure Blankfein will be making a nice move if he does. |
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mattimann (OP)
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October 06, 2017, 09:44:09 PM |
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I think it´s just a matter of Time. Remember this: First they laugh at you. Then they try to fight you. And finally they join you.  |
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Yuuto
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October 07, 2017, 03:09:12 AM |
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I think it´s just a matter of Time. Remember this: First they laugh at you. Then they try to fight you. And finally they join you. Exactly. But didn't Goldman Sachs already make some pretty bullish predictions for bitcoin to start with? So they clearly have interest in investing in bitcoin already, and to officially announce it would just be a formality to go through. It's definitely nice to see that banks are acknowledging bitcoin. Now with a $70 bil market cap, they can't just ignore it anymore. |
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