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Author Topic: 2017-12-11 Bitcoin's First 24 Hours on Wall Street Feed Euphoria and Doubts  (Read 143 times)
B!t_Kong (OP)
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December 12, 2017, 08:16:45 PM
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Bitcoin’s triumphant debut on Wall Street hasn’t ended the financial industry’s skepticism.

The new breed of futures contracts that launched on Cboe Global Markets Inc.’s exchange late Sunday quickly became a 24-hour microcosm of bitcoin’s own wild ride this year, marked by technical glitches and surging valuations. The first day left true believers cheering, yet kept many mainstream financial professionals peering uneasily from the sidelines.

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https://www.bloomberg.com/news/articles/2017-12-11/bitcoin-s-first-24-hours-on-wall-street-feed-euphoria-and-doubts
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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BitHodler
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December 12, 2017, 08:28:44 PM
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From the very first moment it was clear that we would see Bitcoin futures, people have formed 2 groups. One side believes that this will be Bitcoin's downfall, and the other side thinks it will push Bitcoin to even higher levels.

I think it's safe to say that professional entities trading these futures are thinking in the exact same way, but then about Bitcoin putting them into big losses. In both cases some skepticism is understandable.

After all, Bitcoin is something professional entities have been ignoring for such a long period of time, and now suddenly they are interested in giving it a shot to benefit from Bitcoin's massive future growth potential.

It will take time before both markets get used to each other.

BSV is not the real Bcash. Bcash is the real Bcash.
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December 13, 2017, 12:25:48 AM
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The fact is that the bitcoin increased in the value and future predicts higher prices, all these are good for bitcoin.
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December 13, 2017, 05:18:39 AM
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From the very first moment it was clear that we would see Bitcoin futures, people have formed 2 groups. One side believes that this will be Bitcoin's downfall, and the other side thinks it will push Bitcoin to even higher levels. I think it's safe to say that professional entities trading these futures are thinking in the exact same way, but then about Bitcoin putting them into big losses. In both cases some skepticism is understandable. After all, Bitcoin is something professional entities have been ignoring for such a long period of time, and now suddenly they are interested in giving it a shot to benefit from Bitcoin's massive future growth potential. It will take time before both markets get used to each other.

I believe that a good investor or a trader for that matter will always entertain some skepticism as this is all part of vetting into something. We re all talking here of money that can be lost once someone can make some wrong calculations or bad moves and that is why some skepticism can be understandable. I am sure that the gap between the believers and the non-believers would start to fade after sometime and after they realize that there is indeed good money to be made in the Bitcoin-related industries sprouting all over. As this Bitcoin Futures is something new, there would always be hesitant players and of course there are some who are risk-takers...there is no need to guess which side will experience the windfall of possible profits. Year 2018 we will see how this futures would be shaping the direction and growth of Bitcoin generally and I am personally hoping that things would be working out well for Bitcoin. Optimism based on analysis and facts is of course what we should need here.
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