Public stock markets welcomes cryptocurrencies , is it even necessary

[kryptqnick]

Cryptocurrencies are often compared with stock markets they do share many attributes but are different at the same time.

Stocks are a big thing , therefore when they apparently are going to include Bitcoin cash and litecoin I do think it would be a big step for cryptocurrencies . This would also clear out the air that it's not a hoax , I have seen people using stocks but at the same time they are scared of using Bitcoins , those people might now be benefited .

What are your thoughts on this ?
-Is it essential , should it even exist?

( This in no way does mean the news is not good , since it would mean that the cryptocurrencies will get more exposure to the general public )

I don't like SEC due to all the troubles they've been causing to the crypto market, but I do agree when they say things like this. It's about Bitcoin not being a security, not being like stocks and bonds. Indeed, there's always something standing behind the stock. It can be houses, corn or whatever else, but it's a real product. So for Bitcoin to be stock, it would have to represent a certain product. Some altcoins do things like this (I mean tokens), but Bitcoin is itself the product, not some financial representation of it. So I don't think stock exchanges should offer trading Bitcoin or that Bitcoin should be regulated like stock.

[Oasisman]

What are your thoughts on this ?
-Is it essential , should it even exist?

Just as you said in your statement in the OP :

the fact that new cryptocurrencies are being added means we have had a great market support form the Investors.

This alone could support your doubt on Bitcoin investment in a form of stocks.

There are people who feel safe buying shares in company's the offers the trust in a form of stocks. Most of them might have been less educated on basic fundamentals of crypto/Bitcoin and wallets like what you have mentioned. Or, just want to have a convenience in making profit from a highly volatile asset.

Nevertheless, Grayscale Investment was smart enough to add these popular cryptos as a form of stocks, after they noticed the volume of trades in the leading crypto trading platforms.

While cryptocurrency enthusiasts typically purchase Litecoin and other digital currencies directly on dedicated crypto exchanges like Coinbase or Binance, Grayscale has found a niche selling them in the forms of shares.

[LogitechMouse]

Additional Publicity and Additional Liquidity.

I think this is are the benefits of this since some of the stock market traders doesn't either knows cryptocurrency but don't want to engage or they don't know crypto at all. Either way, this is beneficial for those traders and investors since they know crypto as another form of investment and not a currency (unfortunately).

This move isn't necessary TBH but since it is there already and it has been done, lets just be thankful that they've added crypto in stock markets.

[slaman29]

Pretty cool to see Litecoin being named one of the stocks they're getting into, I mean, yeah it's an altcoin and Charlie Lee left it (but not the Foundation) and I've always held on to my few LTC as an alternative way to move my BTC (exchange, then send, always cheap and fast for sure). Good for LTC:)

[ene1980]

Pretty cool to see Litecoin being named one of the stocks they're getting into, I mean, yeah it's an altcoin and Charlie Lee left it (but not the Foundation) and I've always held on to my few LTC as an alternative way to move my BTC (exchange, then send, always cheap and fast for sure). Good for LTC:)

The only reason we might not see a huge rally in litecoin is because of the reason Charlie Lee publicly accepted that he dumped his coins and made a huge profit and any investor who is wise enough especially fund houses will not find that appealing to invest in it even to pump the coin but for fun there are many coin out there including doge.

Should we even buy Bitcoins from a stock market ?
- I personally would never do that since it will more or so compromise my freedom for a short period of time and what if at that time we might be benefited ?

This is subject to the ease at which i can invest and the transaction charges they provide, if these ventures allow you to purchase bitcoin at a much lesser fees and faster why not. To be frank it will not compromise my freedom as i will be comfortable using these regulated markets than sending money to some random exchanges and then verifying my identity hoping that they will not misue.

[kawetsriyanto]

So far, in my area there are many people who think that Bitcoin investment is the same as investing in stocks. Yeah, maybe this depends on each person's knowledge. And you are right that in the investment world, stock markets are still king. The emergence of Bitcoin and other cryptocurrencies actually become pros cons which until now has not been resolved. Many people still think that Bitcoin and cryptocurrency are not real investments, they don't even think that crypto is safe for investment. And if it is in accordance with this news, this is a very good progress. However, will this news really affect the thoughts and considerations of stock market investors to also invest in Bitcoin?

[serjent05]

What I don't get is :

Why buying Bitcoins from these stock markets even exist? People don't have the freedom to sell for a short while plus why do you even need a middle man ?

Is this :
- lack of education regarding Bitcoins and wallets
- trust with the concerned company

It is more likely trust on the platform.  More or less people who are very familiar with stock market will always plays with it and more probably shy away from platform that they are not used to.  Those who knew cryptocurrency market will not buy into this scheme but those who are already trading in stock market will see this as an addition to their option.

Should we even buy Bitcoins from a stock market ?
- I personally would never do that since it will more or so compromise my freedom for a short period of time and what if at that time we might be benefited ?

Well, we have known a better market where we can take advantage of the opportunity offered by cryptocurrency,  why would we shift platform and be restricted?

What are your thoughts on this ?
-Is it essential , should it even exist?

It is for those who wanted to take advantage of cryptocurrency specifically Bitcoin in that platform.  In business,  it doesn't matter, all matters is if there is profit to be gained then why not.

[Fundamentals Of]

It is not necessary. Does it have to be like that? Of course not.

But the market is now being offered to the largest clientele possible that is why it is now being offered in the traditional stock market. This does not mean anything except that it is now being made available to people, stock traders particularly, who used to play within their own old playgrounds only.

This is considered growth if what we have in mind is attracting more cryptocurrency buyers and traders.

[gamer4156]

I can't say right now if it's necessary. Although this will not be a problem, some people may have problems. I doubt if everyone in the public stock market is aware of Bitcoin or cryptocurrency. If this happens it will be a very pleasant thing for many.

[Eureka_07]

The thing is, there are people out there that want to take advantage of bitcoin's volatility, potential price rise, and it being a potential market hedge, who don't care about stuff like self-custody and privacy. The people who will use this are simply the typical investors and traders.

While I'm not a fan of it, whatever. If some people want to use these investing instruments, let them. At the very least, we're at least getting more market liquidity, which is always a good thing.

More important about the happening today on Bitcoin is it gains more popularity than ever which is good for the whole crypto industry because this is bitcoin we are talking about, not just some ordinary altcoins. Let's hope that this kind of news will continue for BTC so that the negative impact which was created by those scammers will soon vanish.

To be honest, I don't really see scams vanishing anytime soon or ever. Just look at how dollars are, do you see scamming dwindling? No, but with the semi-anonymous feature of Bitcoin, it's in fact easier to scam than any fiat. I don't know if this news is a good thing or not because people using Bitcoin in a public stock market means that they don't care about their identity (which I think a lot doesn't anyway) but this also means that some investors might get introduced to cryptocurrency too.

The best way to fight those fraudsters either online or offline is to educate ourselves regarding any investments.
There are lots of people who always believe any offer to them are legitimate.

As people become suited of knowledge, they become more careful to invest.

And those fraudster will be lessen because scamming will be really hard to do if people are intelligent enough to avoid and protect themselves from frauds.

[Amel]

I think it's time for public stock markets to welcome cryptocurrency now. Cryptocurrency is currently making waves around the world. Now is the time to add to the public stock market. If this happens then a link will be created between the public stock market and the cryptocurrency market. This will create a relationship between the people of the two markets.

[The Sceptical Chymist]

Even though the Grayscale shares trade at a premium to the price of the asset, they have found favor with some institutional investors concerned about investing in Bitcoin and other crypto assets directly.

Uh, yeah....I think I'd rather own cryptocurrencies outright, in my own wallet, and not pay a premium for a middleman that doesn't need to exist.  The article also states that Grayscale "has found a niche selling [their offering of crypto] in the forms of shares" but it remains to be seen whether they're going to have any success in getting people to buy those shares. 

Institutional investors might have some interest in stocks like these, but for the average Johnny Lunchbox on the street, he'd be far better off just buying bitcoin/BCH/LTC from a crypto exchange and holding it in a secure wallet.  Definitely not stocks I'd want in my portfolio.