[2017-10-18] The Stampede Is Coming

[gentlemand]

This is an interesting read - http://thereformedbroker.com/2017/10/18/an-evening-in-wonderland/ from a former sceptic attending a New York crypto summit.

One of the more interesting things to take away from it is that money is moving from the companies towards favouring investing in the coins themselves. The traditional VC route really has not paid off so far. It would've done far, far better going into the coins themselves.

[1714002649]

1714002649

[Samarkand]

The big rumor going around last night is that Goldman Sachs is going to launch market-making in crypto currency for their clients in the third quarter of 2018. I don’t know if that’s true or not, but multiple people who don’t know each other are saying it. And why wouldn’t they? If that’s what their customers are asking for (and they are), then of course they will. This is the institutionalization of something that right now is still on the fringes of finance.

I really like the writing style of the author. The event described in the quote above would obviously create tremendous upward pressure for the price.
Personally, I think we will see a 25000 $ / BTC price - or even higher price levels - if the big banks really start offering market-making for cryptocurrencies.

The only downside is that many institutional investors are legally bound to invest in certain asset classes. Unfortunately, when these guidelines were created
cryptocurrency wasn´t even invented yet.

[okae]

...- if the big banks really start offering market-making for cryptocurrencies...

That's the point, banks do not want to use our bitcoin, they are looking for "all the cake", but IMHO they are not so intelligent, they did not realize that bitcoin can not be emulated, not at least with the security with the current hashrate power, so, or they jump into our board or they will have many complications if they want to use it.

The only downside is that many institutional investors are legally bound to invest in certain asset classes. Unfortunately, when these guidelines were created
cryptocurrency wasn´t even invented yet.

Yes, but don't worry, things could change especially if they know that could take advantage over it

[1Referee]

The traditional VC route really has not paid off so far. It would've done far, far better going into the coins themselves.

This basically goes up with anything in the crypto world that can be invested in.

1. Whatever form of mining -> Buying Bitcoin itself has always been far more rewarding.
2. Lending -> Buying Bitcoin itself has always been far more rewarding.
3. Investing in whatever startup or business -> Buying Bitcoin itself has always been far more rewarding.

And I could probably continue with far more examples, but you get the point. I have never seen anything in investing my money into whatever crypto related investment option, because I know that investing directly in Bitcoin itself will greatly outperform any other investment by a huge distance. It surprises me that people still haven't noticed this.

[BitSquare]

The traditional VC route really has not paid off so far. It would've done far, far better going into the coins themselves.

This basically goes up with anything in the crypto world that can be invested in.

1. Whatever form of mining -> Buying Bitcoin itself has always been far more rewarding.
2. Lending -> Buying Bitcoin itself has always been far more rewarding.
3. Investing in whatever startup or business -> Buying Bitcoin itself has always been far more rewarding.

And I could probably continue with far more examples, but you get the point. I have never seen anything in investing my money into whatever crypto related investment option, because I know that investing directly in Bitcoin itself will greatly outperform any other investment by a huge distance. It surprises me that people still haven't noticed this.

I agree with that. The difficulty of mining is rising too fast. It is better to buy the coin itself.

[aso118]

The big rumor going around last night is that Goldman Sachs is going to launch market-making in crypto currency for their clients in the third quarter of 2018. I don’t know if that’s true or not, but multiple people who don’t know each other are saying it. And why wouldn’t they? If that’s what their customers are asking for (and they are), then of course they will. This is the institutionalization of something that right now is still on the fringes of finance.

I really like the writing style of the author. The event described in the quote above would obviously create tremendous upward pressure for the price.
Personally, I think we will see a 25000 $ / BTC price - or even higher price levels - if the big banks really start offering market-making for cryptocurrencies.

The only downside is that many institutional investors are legally bound to invest in certain asset classes. Unfortunately, when these guidelines were created
cryptocurrency wasn´t even invented yet.

So we have to wait till Bitcoin ETFs are created and institutional investors pile in. Think of the delay as an opportunity to get more cheap coins. These guidelines have some utility.