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Author Topic: Merrill Lynch banned investment in Bitcoin  (Read 130 times)
Piscar (OP)
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January 04, 2018, 04:27:50 PM
 #1

Merrill Lynch banned investment in Bitcoin

Not the best gift for customers for the New Year ...

The order to ban buying crypto currency in the Bitcoin Investment Trust was sent to 17 000 by brokers Merrill Lynch and to the company of independent trade managers Merrill Edge.+

Sudden ban early in the year.

A.Delaney
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January 05, 2018, 06:27:11 PM
 #2

That battle rages on.
emuLOAD
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January 05, 2018, 06:30:39 PM
 #3

Chess players move their peices, and the financial chessboard is way more than three-dimentional. If you want to make some sense of any action when it comes to these players, look who it affects, how it affects them, what it actually causes, and who stands to benefit from whatever choice was taken.

All-in-all, these things are actually of little relevance to the overall success or failure of crypto.
avikz
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January 05, 2018, 08:22:50 PM
 #4

Just another addition to our ignore list. Like Merrill lynch banned crypto investment using their network, similar way, we also need to start moving our business to elsewhere. I am actually not surprised by this step and more banks will be added to this list sooner or later. Whenever one door closes, many doors open up. So the more banks join this ban list, more new opportunities will open up and more new businesses will start to help us moving our money to crypto market. So just ignore Merrill lynch for now, it won't have any impact on bitcoin price for sure, especially when it started to recover.

bitart
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January 05, 2018, 11:00:38 PM
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Just another addition to our ignore list. Like Merrill lynch banned crypto investment using their network, similar way, we also need to start moving our business to elsewhere. I am actually not surprised by this step and more banks will be added to this list sooner or later. Whenever one door closes, many doors open up. So the more banks join this ban list, more new opportunities will open up and more new businesses will start to help us moving our money to crypto market. So just ignore Merrill lynch for now, it won't have any impact on bitcoin price for sure, especially when it started to recover.
There should be a list of bitcoin friendly and not friendly banks somewhere. Or at least  a thread about it, maybe in the local threads where people can share their experience about the banks in their country if they are accepting bitcoin related wire transfers or not. Nowdays I can hear news about returned wire transfers to exchanges from various banks, it could be really helpful for people to check if their bank is restricting the wire transfers from the exhanges or not.
WhaleSlayer
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January 06, 2018, 02:02:07 AM
 #6

I would be not surprised if at the same time Merrill Lynch would be secretly accumulating Bitcoins. Remember JP Morgan speaking against Bitcoin and then buying the dip after that its statements has made Bitcoin's price tank.
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