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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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jseverson
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November 07, 2018, 05:46:54 AM |
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This latest development, described by the bank as “surprising,” comes against the backdrop of Morgan Stanley offering trading in derivatives tied to the largest cryptocurrency. It’s important to note that the bank is not actually planning to trade Bitcoin or cryptocurrencies directly but rather to offer Bitcoin swap trading tied to futures contracts. Earlier this year, CEO James Gorman said that a trading desk specializing in derivatives tied to digital assets could be a potential service offered to clients.
Are they actually talking about institutions investing directly in Bitcoin, or just derivatives? I don't know how I feel about this, but it also kind of seems like a marketing move. The report traces the evolution of Bitcoin from its varying roles of digital cash, a new fundraising mechanism, a method for the store of value, to its most recent incarnation as a “new institutional investment class.”
Nope, it's still primarily digital cash. It certainly evolves, but it doesn't lose its old roles. |
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Haunebu
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November 07, 2018, 05:55:26 AM |
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I honestly don't give a damn about such reports since they have little to no influence on the cryptocurrency market at the end of the day. I am simply waiting to see if SEC approves the proposal which they have been postponing for quite sometime now.
This will ultimately decide how 2019 will play out. If they do approve it, 2019 could see another bull market which could be far better when compared to the one in 2017. If declined, 2019 will basically be a repeat of 2018.
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Kemarit
Legendary
 Offline
Activity: 3080
Merit: 1353
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November 07, 2018, 06:08:47 AM |
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This latest development, described by the bank as “surprising,” comes against the backdrop of Morgan Stanley offering trading in derivatives tied to the largest cryptocurrency. It’s important to note that the bank is not actually planning to trade Bitcoin or cryptocurrencies directly but rather to offer Bitcoin swap trading tied to futures contracts. Earlier this year, CEO James Gorman said that a trading desk specializing in derivatives tied to digital assets could be a potential service offered to clients.
Are they actually talking about institutions investing directly in Bitcoin, or just derivatives? I don't know how I feel about this, but it also kind of seems like a marketing move. The report traces the evolution of Bitcoin from its varying roles of digital cash, a new fundraising mechanism, a method for the store of value, to its most recent incarnation as a “new institutional investment class.”
Nope, it's still primarily digital cash. It certainly evolves, but it doesn't lose its old roles. As per my understanding, its more of a derivatives and not directly or 1:1 bitcoin investments. But I'm not surprised by the news though because its pretty obvious that there are institutional money flowing since last year. This news just validated what we suspect all along. Marketing move or not, investors are really eyeing bitcoin as sort of investment and leverage but there are other purposes as well, specially for us casuals, to treat it as currency and used it as payment method. |
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llyfee4u
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November 07, 2018, 06:10:40 AM
Last edit: November 11, 2018, 02:53:48 PM by llyfee4u |
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I honestly don't give a damn about such reports since they have little to no influence on the cryptocurrency market at the end of the day. I am simply waiting to see if SEC approves the proposal which they have been postponing for quite sometime now.
This will ultimately decide how 2019 will play out. If they do approve it, 2019 could see another bull market which could be far better when compared to the one in 2017. If declined, 2019 will basically be a repeat of 2018.
I'm with you on this one dude. Its quite jarring to read all this stuff, i'll go as far to say even the SEC thing is becoming quite boring now. To my mind, the whole SEC issue has contributed immensely to the prolonged red markets we have seen for so long. A more cynical side of me thinks that the 'powers that be' are actually using the anticipation for SEC news as a form of market control/manipulation. The longer it goes, the more average Joe's like you and i will be the fall guys. I think that even if they decline, they should get it over with. Crypto will survive in the long run IMO. |
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Herbert2020
Legendary
Offline
Activity: 1946
Merit: 1137
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November 07, 2018, 06:25:15 AM |
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This latest development, described by the bank as “surprising,” comes against the backdrop of Morgan Stanley offering trading in derivatives tied to the largest cryptocurrency. It’s important to note that the bank is not actually planning to trade Bitcoin or cryptocurrencies directly but rather to offer Bitcoin swap trading tied to futures contracts. Earlier this year, CEO James Gorman said that a trading desk specializing in derivatives tied to digital assets could be a potential service offered to clients.
Are they actually talking about institutions investing directly in Bitcoin, or just derivatives? I don't know how I feel about this, but it also kind of seems like a marketing move. The report traces the evolution of Bitcoin from its varying roles of digital cash, a new fundraising mechanism, a method for the store of value, to its most recent incarnation as a “new institutional investment class.”
Nope, it's still primarily digital cash. It certainly evolves, but it doesn't lose its old roles. that's what i am afraid of. these things are always derivatives and have nothing to do with bitcoin. and these "institutional investors" aren't investing in bitcoin as a result of that which means their involvement changes nothing apart from the fact that the company that is being advertised here will make more money using bitcoin's name. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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davis196
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November 07, 2018, 06:27:50 AM |
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I honestly don't give a damn about such reports since they have little to no influence on the cryptocurrency market at the end of the day. I am simply waiting to see if SEC approves the proposal which they have been postponing for quite sometime now.
This will ultimately decide how 2019 will play out. If they do approve it, 2019 could see another bull market which could be far better when compared to the one in 2017. If declined, 2019 will basically be a repeat of 2018.
Don't bet everything on the SEC approval.I remember that SEC declined few bitcoin ETF proposals back in 2017,but the bitcoin price went from 3000 to 17000 USD in just two months.I wonder why they continue to postpone that ETF proposal instead of saying NO and moving forward.There must be some small chance for bitcoin being approved as ETF.Anyway,I don't care about the Morgan Stanley reports. |
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therhslv
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November 07, 2018, 06:29:40 AM |
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I honestly don't give a damn about such reports since they have little to no influence on the cryptocurrency market at the end of the day. I am simply waiting to see if SEC approves the proposal which they have been postponing for quite sometime now.
This will ultimately decide how 2019 will play out. If they do approve it, 2019 could see another bull market which could be far better when compared to the one in 2017. If declined, 2019 will basically be a repeat of 2018.
Don't bet everything on the SEC approval.I remember that SEC declined few bitcoin ETF proposals back in 2017,but the bitcoin price went from 3000 to 17000 USD in just two months.I wonder why they continue to postpone that ETF proposal instead of saying NO and moving forward.There must be some small chance for bitcoin being approved as ETF.Anyway,I don't care about the Morgan Stanley reports. Maybe sec is waiting some green light from Big institutions ? You know they probably have something similar with them . Somebody gonna earn really big money on this one and when its gonna time then SEC will approve it and magic will happen as alot of people will get rich from them  |
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1353
Cashback 15%
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November 07, 2018, 12:45:32 PM |
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I don't even consider these type of reports as something substantial since people nowadays don't really care about who comes in and out of the market. Even ETF talks, which was big just a couple months ago has since died together with the influence it has on the market. I'd rather see the action first-hand before getting confident about the current state of affairs for bitcoin. Reports don't mean anything if results aren't even existing, so yeah, this too will be buried in the pile of 'good news' coming from institutional investors.
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messito
Jr. Member
Offline
Activity: 154
Merit: 1
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November 07, 2018, 01:15:03 PM |
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I think that this will positively affect the market as a whole because such a player is trusting Bitcoin
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[ M O B U ] The Investment Bank of the Future
The Security Token Protocol and Licensed Security Token Exchange
https://mobu.io/ |
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Renal
Member
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Activity: 434
Merit: 10
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November 07, 2018, 01:30:06 PM |
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If they quickly believe in bitcoin then prices will rise and this is one of the good news for the future so that they are more interested in crypto.
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jseverson
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November 08, 2018, 01:41:22 PM |
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I think that this will positively affect the market as a whole because such a player is trusting Bitcoin
They're not necessarily trusting Bitcoin, they're simply saying that there's a trend of interest among institutional players. It's not going to have much of an effect unless their report's actually generates more interest than what has already been reported. A self-fulfilling prophecy, in a way. It might not even affect the market at all because it's apparently geared towards derivatives, rather than actual Bitcoin. Their report says that everything is already going on, after all, and we haven't really experienced notable changes in the market. |
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BrewMaster
Legendary
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Activity: 2114
Merit: 1292
There is trouble abrewing
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November 08, 2018, 01:59:15 PM |
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Investors are going to continue to enter the crypto market and it will mainly go through Bitcoin which is the king coin. It leads the way on investments.
it is all about the usability of bitcoin that makes it the "king coin"! otherwise if other altcoins had half the usability of bitcoin and were half as secure then they would have gained some popularity. but so far people find out about bitcoin and invest in it. then they are exposed to altcoins as there is a lot of advertisement. |
There is a FOMO brewing...
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