This Regulatory Filing Could Soon Boost The Bitcoin Market

[rollyourcoins]

Ever since TD Ameritrade mentioned they are considering physical bitcoin trading, they didn't mention any dates as to when they will launch. But it seems like they might launch soon based on this article.



https://bitcite.com/news/bitcoins-btc-recent-surge-was-caused-by-a-highly-anticipated-regulatory-filing/

[1715197024]

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[mk4]

While TDAmeritrade's number of users is definitely no joke(11 million as per the article you linked), I really doubt this would "boost the bitcoin market". If anything, just a very minor blip on liquidity and trading volume. If some of TDAmeritrade's users really wanted to trade or invest in bitcoin, I'd assume they'd do it on exchanges that are already available to them.

Still good news nonetheless though.

[rollyourcoins]

I think the idea of TD Ameritrade launching Bitcoin trading is a bigger deal then people imagine. It is one of the big four trading companies. Another is that it might actually look good for when SEC looks to approve an ETF in the future, purely symbolic.

[The Sceptical Chymist]

While TDAmeritrade's number of users is definitely no joke(11 million as per the article you linked), I really doubt this would "boost the bitcoin market".

Based on bitcoin dropping a few hundred bucks in the past half a day or so, I'd say the news was met with a disinterested "meh" by the market.  Not surprising since TD Ameritrade is one brokerage that (to my knowledge) isn't global.  But hey, I have an account with them for trading stocks and it'll be very interesting indeed to see what comes of this.

I'd love to be able to deposit bitcoin into my account and use it to fund stock trades.  I'm not sure if I'd actually do this, but I'd really like for it to be an option--in fact I'd been thinking about it for a couple of years at least.  Currently there aren't any brokerages that let you do this. 

Robinhood lets you invest in bitcoin, but you don't actually own it apparently because you can't withdraw coins, nor can you deposit bitcoin with them.  Hopefully TD Ameritrade makes some progress in this area.

[Willitivity]

These days, we every little news everyone is already expecting a boost to the market, this is no longer 2017 when little news cause pumps. The TD Ameritrade is a good development buy won't give us that pump we are yearning for. It might cause a little price movement and that's all, nothing more again.

[CryptoBry]

Ever since TD Ameritrade mentioned they are considering physical bitcoin trading, they didn't mention any dates as to when they will launch. But it seems like they might launch soon based on this article.

The last spike of Bitcoin that pushed to beyond the $10,000 level caused many to be making their own speculations as to what caused that semi bull run and here is one piece that is tying the TD Ameritrade into it. personally, I do not see such a connection and if ever TD Ameritrade will have a positive effect on the price of Bitcoin I think that can be days before its physical bitcoin trading will open and not before. Now, I am wondering when will my words have something to do with the jump of the price of Bitcoin...lol.

These days, we every little news everyone is already expecting a boost to the market, this is no longer 2017 when little news cause pumps. The TD Ameritrade is a good development buy won't give us that pump we are yearning for. It might cause a little price movement and that's all, nothing more again.

The market has already matured compared to the year 2017 when people can easily be swayed by hypes, FUDs, half-lies and those in between. Today, people in this industry are more discerning and although there is that tendency in the crypto-focused media to be exaggerating things we know that they are just reporting or saying for the sake of getting the online traffic they are craving. Associating anything to something is something that must be backed up by facts and not just personal opinions. I agree that the news from TD Ameritrade can influence to push Bitcoin above but I in my view this was just a negligible one.

[Yaunfitda]

Lol, is there is a news that can really affected us positively, it is Bakkt offering, but it didn't.

So how the hell that TD Ameritrade will soon boost the price because they are offering another options for us traders? I'm sorry but it won't put a dent of the price and I don't think that we could consider this as a catalyst. Just let the market flow, sooner or later we're going to see a bull run with or without this TD Ameritrade offerings.

[kryptqnick]

Lol, is there is a news that can really affected us positively, it is Bakkt offering, but it didn't.

So how the hell that TD Ameritrade will soon boost the price because they are offering another options for us traders? I'm sorry but it won't put a dent of the price and I don't think that we could consider this as a catalyst. Just let the market flow, sooner or later we're going to see a bull run with or without this TD Ameritrade offerings.

Maybe it's not right to compare the two. Bakkt launched after being postponed (so some people were already disappointed), and it has a very low start if you remember. Moreover, it's been around for a short time, and it's been used by thousands of people (tens of thousands, maybe), whereas the audience of TD Ameritrade is in millions of people (though it does not mean that all of them of even a significant percentage will be interested in BTC). It's a big company that did not ruin anyone's expectations yet, so it could make a difference. Nevertheless, I don't believe it will, because the price is right where it has to be right now.

[candy27]

While TDAmeritrade's number of users is definitely no joke(11 million as per the article you linked), I really doubt this would "boost the bitcoin market". If anything, just a very minor blip on liquidity and trading volume. If some of TDAmeritrade's users really wanted to trade or invest in bitcoin, I'd assume they'd do it on exchanges that are already available to them.

Still good news nonetheless though.

You underestimate the sheer hassle involved in setting up accounts in dozens of places. It's easier to stick to just one exchange and trade whatever they have available. So the massess of investors who suffer from inertia are ripe for bitcoin if bitcoin appears on their existing stock trading exchange.

[figmentofmyass]

If some of TDAmeritrade's users really wanted to trade or invest in bitcoin, I'd assume they'd do it on exchanges that are already available to them.

well that's the thing---TDAmeritrade's clients are mainstream retail investors, not bitcoin early adopters. they don't necessarily want to invest in bitcoin yet.

i think there's lot of nocoiners out there who are waiting until bitcoin is offered on more established and reputable retail venues like this before even considering investment. up until now, there has only been futures, options, pink sheets, and largely unregulated spot exchanges, none of which appeal to mainstream retail investors.

the availability of spot trading through mainstream brokers (if not ETFs) will make a big difference during the next bubble, when the market enters the public mania phase.

[marcotheminer]

These days, we every little news everyone is already expecting a boost to the market, this is no longer 2017 when little news cause pumps. The TD Ameritrade is a good development buy won't give us that pump we are yearning for. It might cause a little price movement and that's all, nothing more again.

Not immediately - none of those pumps-on-news things are ever good.. They were back in 2014-2016 when the price would continue rallying AFTER the news. But now, it's more long term. Think of the volume TD could see within 3 years with a little marketing / targetted effort by their advisors. Exciting times ahead..

[Asmonist]

When it will happen then it would be great. So is this an indication to buy more now to prepare for the soon boost? Well, we can buy now for sure to acquire it in a lower prices for now. Its quite good to invest more bitcoin now. Little by little everyday just not to waste the time when its still affordable. Hopefully that regulation will really turn good for bitcoin users.

[qiman]

Well the more Bitcoin is incorporated into mainstream trading sites and venue,s the more likely it will have a positive effect on the market in general as more and more of the mainstream populations take note of this asset and start trading it like other major currencies that are being traded. All this bodes well and can only be good news for Bitcoiners the world over. I welcome any moves that make Bitcoin even more mainstream than it already is and shows how seriously it now has been embedded in our financial world.

[adaseb]

I don't think the outcome will be as huge as everyone expects. Reason why is because like a few posts above someone mentioned you can actually trade BTC on the Robinhood platform and there hasn't been a price surge ever since it became available.

Robinhood is fairly big and usually has younger investors which are more interested in crypto rather than some old senior trader who only invests in blue chip stocks.

Maybe if this news came out in beginning of 2017 or end of 2016 when BTC was under $1000 it would have a bigger impact but right now it doesn't seem to make a difference.

We got various futures and you can use regulated brokers like Coinbase and Gemini, so if someone really wants to invest in Bitcoin. They can already.

[13abyknight]

Don't see how this is going to boost the already accelerating Bitcoin market as physical coins will have a series of things going against it. The entire point of an online cryptocurrency was to eliminate physical commodities while maintaining everything on a online ledger and it has been a massive success so far.

Coming to the topic of physical coins, we have witnessed the collectibles market over the last couple of years having a massive boom (mainly Casascius) and it is noticeable that these are minted collectibles rather than actual coins for trading purpose.

[Kprawn]

We already saw that the adoption of physical coins settlement are not a preferred investment option with institutional investors. They prefer the

cash settled options, because it is just easier and more convenient. Bakkt was a good indication of what we could accept from this venture, because

it will also have a very slow start. It will gain momentum, when the Bitcoin price increase in the global markets and other investors see how much

early adopters are profiting from that. (These guys are constantly bragging on private chat rooms, so it will be a Keeping up with the Joneses type

of scenario) 

[Kyraishi]

I don't think this is really the case. It looks like they are looking to implement physical coins, which is already proven to not be extremely popular. Look at cas coins, even though they are very interesting and a lot of collectors appreciate them, they are actually not that popular for regular investors. It's more a cool collectible for BTC enthusiasts, then a viable investment.

I doubt this will have any effect to be honest. The market is going to relatively the same throughout this and it'll end up with them likely being looked at the same way cas coins are.

[MKW2012]

It may not immediately, but time will tell

[avikz]

Ever since TD Ameritrade mentioned they are considering physical bitcoin trading, they didn't mention any dates as to when they will launch. But it seems like they might launch soon based on this article.



https://bitcite.com/news/bitcoins-btc-recent-surge-was-caused-by-a-highly-anticipated-regulatory-filing/

The number of existing customer base of Ameritrade is huge, so it is expected to increase the liquidity in crypto market if they are able to roll out the products they are planning! But it is highly unlikely to see a big impact on the crypto market because a lot of people including institutional investors don't want to deal in physical bitcoins! They prefer to ride through the roller coaster and then square off their position to take settlement in hard cash!

But such kind of adoption by the big investment management companies is definitely preparing the ground for a better future! Seems like the late 2019 is bringing good news for the community.

[alyssa85]

We already saw that the adoption of physical coins settlement are not a preferred investment option with institutional investors. They prefer the

cash settled options, because it is just easier and more convenient. Bakkt was a good indication of what we could accept from this venture, because

it will also have a very slow start. It will gain momentum, when the Bitcoin price increase in the global markets and other investors see how much

early adopters are profiting from that. (These guys are constantly bragging on private chat rooms, so it will be a Keeping up with the Joneses type

of scenario) 

Some investors could play both markets. So use the cash settled futures market to short sell and drive down the bitcoin price, then purchase actual bitcoins at the low. Rinse and repeat if the bitcoin price rises again.