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Author Topic: Bitcoin, ethereum and litecoin are used as currency for trading by Yahoo Finan  (Read 54 times)
Masterkai
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August 30, 2018, 06:35:29 AM
 #1

I was surprised reading this as last time I've heard about Yahoo and cryptos in the same sentence, April 2019 was also mentioned there (wasn't expecting this move so soon).
Would you guys buy cryptos from Yahoo?
Does Yahoo have these days the power to influence the price somehow?
Curious of hearing some thougts on this.
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August 30, 2018, 07:49:44 AM
 #2

Would you guys buy cryptos from Yahoo?

There are people who will buy

Does Yahoo have these days the power to influence the price somehow?

It is difficult to know, but there are more giants that can bring institutional investors and we will see big increases in prices.
 
Curious of hearing some thougts on this.

this is a big step, but it is very difficult to know if it will have a big impact on the price, but as I said before, there are still other players that can bring institutional investors, I speak of ICE Bakkt

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August 30, 2018, 08:05:18 AM
 #3

Curious of hearing some thougts on this.

No need to be surprised about such adoption and usage of cryptos. Change is always not accepted immediately because it is usually to ulter existing way of doing a particular thing. Even when human beings don't fight the change to stay, the structure in place already does.

So the process of culture change is gradual, giving the "rebels" convinsion until they also come up to adoption.

Would you guys buy cryptos from Yahoo?

The people who don't buy today will buy tomorrow because of the same convinsion.

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August 31, 2018, 09:28:20 AM
 #4

It depends on the countries that use Yahoo, for example, that platform is not famous in my region.
Yahoo does not have the significant impact on the effect will not be as direct as the inclusion of ETF, but in the long term, we will notice some changes.

Some people will buy, and prices will improve

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August 31, 2018, 11:58:02 AM
 #5

Would you guys buy cryptos from Yahoo?
Maybe or maybe not but for sure there are people that won't miss this chance of buying from the finest tech company, its yahoo finance and they are still kicking.

Does Yahoo have these days the power to influence the price somehow?
I guess they still have.

AFAIK, yahoo! was sold to another company and its under new management so they are trying to empower it again with this adoption.

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August 31, 2018, 02:22:40 PM
 #6

I was surprised reading this as last time I've heard about Yahoo and cryptos in the same sentence, April 2019 was also mentioned there (wasn't expecting this move so soon).
Would you guys buy cryptos from Yahoo?
Does Yahoo have these days the power to influence the price somehow?
Curious of hearing some thougts on this.

I wouldn't buy extra crypto coins just because it's sold by Yahoo. I already have enough other accounts at other exchanges where I can do this, but there are certainly some newcomers who buy crypto coins because Yahoo now offer them and that's good for crypto per se. I don't believe it will affect the overall price of crypto coins, but I'm not sure and the market could also react positively. It's always hard to predict.   Wink

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September 04, 2018, 08:52:54 AM
 #7

Yahoo Finance added crypto screening service. That means they have just added price tickers for some chosen cryptos to their Finance related website. The link is below,

https://finance.yahoo.com/cryptocurrencies

Since I am from India, the website is automatically redirecting me to the Indian version of the page and showing the crypto prices in Indian Rupee. However, they haven't yet started an trading services for cryptos. They have announced that they will launch it in 2019 and most probably only for Japan due to the proper legal framework in Japan for cryptos.

Yahoo is still one of the most popular websites in the internet. So you can expect at least some impact and few more billions dollars investment into crypto space with Yahoo. But only if it is launched worldwide and not only in Japan.

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audaciousbeing
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September 04, 2018, 12:35:28 PM
 #8

I was surprised reading this as last time I've heard about Yahoo and cryptos in the same sentence, April 2019 was also mentioned there (wasn't expecting this move so soon).
Would you guys buy cryptos from Yahoo?
Does Yahoo have these days the power to influence the price somehow?
Curious of hearing some thougts on this.

It seems Yahoo is just waking up from their slumber after Google have relegated them to the background. Their Bing search handle has been nothing to write home about compared to Google search handle. I don't know what you are suprised about because the phrase crypto has been in the news for several years and if Yahoo is just reporting it, it means they are late to the party because several organisations have gone beyond the point of reporting and moving towards researching followed by implementation and deployment.

Yahoo could have influence only if they decide to sell their business and all of the cash proceed is invested in crypto because I know Yahoo would quite worth a lot and such huge injection of capital will go a long way in putting a smile on the face of crypto enthusiasts. Other than that, there is no significance influence I am seeing them making. Maybe marginal effect would be felt as they could still open up new business, deploy their resources for publicity thats very much how far they can go.
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