London Stock Exchange fighting against Bitcoin and Cryptocurrency

[audaciousbeing]

Hello,

I work for a company associated with the London Stock Exchange and I thought to share this information with you.

Recently during a ceremony, one of the officials announced that they will do everything possible to stop people from investing in CryptoCurrencies. Not just the London Stock Exchange, but other major stock exchanges are threatened. They are worried people are not investing in the stock market and are moving towards cryptocurrencies. Therefore they said that they will take measures to drive people away by emphasizing different risks associated with cryptocurrencies.

I was wondering if these big companies could actually pose a risk to the future of Bitcoin and other cryptocurrencies? Do they have enough power?

This is really not new at all and its not even surprising. Wall street people get their money from bonuses which can only happen when people invest in stocks and with the absence of that, it sure shows that their own status is being threatened everyday. Gone are the days where the only investment option you could have is the stock market where everybody no matter the level of knowledge would only advise you towards that direction because of two things

1. That you get to sell at a higher price when the stock gain more value and

2. You get to share the dividend if the company declares for its shareholders.

I fell into those thinking too but not only do price of stock crashed but also companies are not mandated by law to declare dividends which makes those returns under probability.

But today, you have a another viable option which is bitcoin (although with its own risk) but that is what is giving them a cold run and they are looking for ways to tame it.

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[ukloonion]

They should all be scared due to those bankers having to learn new skills. Crypto is different from trading stocks and shares, but the market for crypto is too big to ignore. Lets see how big this shift is going to be.

[piebeyb]

it will surely happen and not only in the UK, even in some countries including my country but we can fight it because the most important is how we can have a crypto currency community to deal with the problem together, I just say a little joke about the bad thoughts that I have, if we have enough people at least 20% of the population in the country just invites them to withdraw money from the bank, I'm sure you all know what will happen after that 

[titocrypto]

London stock Exchange fighting against Bitcoin and Crytocurrency why fighting?in a real sense i don't there should be any discord or fighting on this matter as far am concern.hard truth is always bitter.

[Don Pedro Dinero]

Its pretty obvious that people who will once begin trading in cryptocurrencies and begin to earn a return rate of 20-30% daily will never trade in stock exchanges which too are quite manipulated. Surely people will begin to leave stock exchanges as they  are too much centralized and people too are obliged to pay taxes on it. So naturally exchanges around the world will be afraid of bitcoin.

Nobody earns that. If you invest $1000 and you earn 30% daily you'll be a millionaire in less than a month.

Be skeptical with what you read on forums guys! Especially if it sounds too good to be true.

[Sarastiche]

Cryptocurrency is a new technology competing against the stock market and forex exchange, overtime to remain relevant in the stock market space and forex exchange you must be involve in cryptocurrency,  sure the space is here to stay, Just the way car manufactures have no choice than to accept the air transport overtime, no one believe anything can fly until the wrigth brothers convince the whole world.

[shoreno]

Its pretty obvious that people who will once begin trading in cryptocurrencies and begin to earn a return rate of 20-30% daily will never trade in stock exchanges which too are quite manipulated. Surely people will begin to leave stock exchanges as they  are too much centralized and people too are obliged to pay taxes on it. So naturally exchanges around the world will be afraid of bitcoin.

Nobody earns that. If you invest $1000 and you earn 30% daily you'll be a millionaire in less than a month.

Be skeptical with what you read on forums guys! Especially if it sounds too good to be true.

Yes many traders and investors are already millionaire with the help of crypto because on the past years cryptocurrency already skyrocketed with an insane amount of gains but most millionaire and big earners will prefer to have a multi business such as investing on other assets like stocks and forex because they want to earn more .  a real investor wont put all his eggs in one basket because they know that it is too risky  .

[thesmallgod]

of course they pose a risk and they are actually part of selfish individual that feel threaten because they see that people will surely prefer investing in crypto other than the traditional stock exchange. Some of them are behind many negative articles being published online in order to bring crypto down but all I know is that the crypto will come stronger than before. I personally have conversed with a banker who told me that technology behind crypto (i.e. blockchain) is evolving and he said he sees many financial institutions adopting it in the nearest future.

[aad140386]

Progres always wins. No matter how hard they try, if cryptocurrencies prove their viability, sooner or later all exchanges will have to face the new reality. So it has been many times throughout the development of mankind. When a firearm first appeared, many people did not see any prospects in it, because guns didn’t shoot very accurately, they were loaded for a long time, gunpowder often deteriorated, but nevertheless, technology continued to develop and now small arms are used throughout the world. There are thousands of such examples. These people will not be able to influence evolution.

[1Referee]

I personally have conversed with a banker who told me that technology behind crypto (i.e. blockchain) is evolving and he said he sees many financial institutions adopting it in the nearest future.

I think that most people here could have told you that as well. 

In the end, even if they end up using blockchain tech, I don't see how any of you guys will benefit from that. It's not in their interest to pass on the efficiency gains to clients in form of faster and cheaper services. They want you to keep paying disgustingly high fees for transactions that are processed in a timely fashion.

On top of that, financial institutions might have switched to blockchain tech years ago already. It's not that they are completely new to the space, they just want you to think so in order to justify high legacy fees for slow and often unreliable services. Fees are a gold mine, they won't let go of that.

[coinwizard_]

This is called evolution. Those stock exchanges will soon learn that they need to integrate with crypto or be left behind. Nobody is interested in those minor gains on the stocks, only whales can get rich on that. In crypto, anyone can do it with a bit of luck and research

[vgk88]

Maybe they tried to manipulate the market. I think they want to buy Bitcoin very profitably. Therefore, they will criticize Bitcoin and cryptocurrency until the price becomes attractive to them.

[Bitfling]

Hello,

I work for a company associated with the London Stock Exchange and I thought to share this information with you.

Recently during a ceremony, one of the officials announced that they will do everything possible to stop people from investing in CryptoCurrencies. Not just the London Stock Exchange, but other major stock exchanges are threatened. They are worried people are not investing in the stock market and are moving towards cryptocurrencies. Therefore they said that they will take measures to drive people away by emphasizing different risks associated with cryptocurrencies.

I was wondering if these big companies could actually pose a risk to the future of Bitcoin and other cryptocurrencies? Do they have enough power?

I think not only London Stocks Exchange, most central banks and government want bitcoin death but bitcoin always survive. Recently, in Davos meeting, they want make bitcoin worthless and its a warning that global finance institution will always fight bitcoin and cryptocurrency

[paymentbit21]

Stock exchanges feel tremendous competition, which is why such strong bids, but in fact they will not be able to influence society, everyone will remain with their own interests, and wanting to participate where he wants and where is profitable!