as.exchange (OP)
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January 02, 2021, 04:52:26 PM |
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I don't think so, I noticed that it's based on choice, it's obvious that financiers have the ability to invest in bitcoin if really wishes to invest, financiers only managed a government finance and that does not warrantee their not eligible to invest their finance.
Well it depends on the perspective we consider - we can always say that anyone can invest anywhere in the end. Even you could invest in complex swaptions if you really want to, but yes it's not that easy. Same with financiers - they can, of course, but do you see HSBC or ICBC investing in Bitcoin any time soon? They’d love to get their hands on something that will yield them more money with the right risks, so you’ll never know what they really want at the moment. Financiers mostly care about results and profits, and if they see something that performs really well even with risks involved, they’d still get it. They do not restrict themselves on financial and debt instruments that are within their knowledge—I’m pretty sure there are some that have already tried crypto and stuck with it since.
If we speak of individuals as financiers, I believe you are very right, however, that's hard to imagine to be done by top global banks as I mentioned above. Do you think they would get involved too? There a lot of officialy working funds, that investing in bitcoin and crypto. They investing money of their clients, it is around 1000 already all over the world. Also some instruments like ETF, is the instruments of a traditional financial system, that now also sometimes using to help people legally invest their money in bitcoin.
Yes they are investors, not financiers if we consider that word in a narrow meaning.
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kolbalish
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January 02, 2021, 05:55:27 PM |
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That can't say this time, because anything can happen this year or some time far. Cryptocurrency becoming well known in the world day by day, many countries and organizations are accepting BTC so why not financiers? Commerce known people now knowing and investigating about cryptocurrency. I hope that financiers will come to this field and they will work on that and if there are some mistakes, they will try to solve and upgrade the systems. Scams will reduce by the preventing of falls.
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as.exchange (OP)
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January 03, 2021, 06:08:47 AM |
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That can't say this time, because anything can happen this year or some time far. Cryptocurrency becoming well known in the world day by day, many countries and organizations are accepting BTC so why not financiers? Commerce known people now knowing and investigating about cryptocurrency. I hope that financiers will come to this field and they will work on that and if there are some mistakes, they will try to solve and upgrade the systems. Scams will reduce by the preventing of falls.
You are right that commerce and trading (business-like) people do use BTC, but that's for other purposes. I guess you are right also that anything can happen (but I wouldn't say in 2021 yet). Bitcoin's provide high benefits and why would financial not invest their money on it ?. I personally imagine that they're less educated in term of putting resources into bitcoin or a considerable lot of them are not very much aware of the bitcoins or existing of digital currencies. If they came to realize how bitcoin's help to twofold our speculation they'll surly step-in and contribute their huge bit of cash. It's better to persuade with those individuals who don't know about bitcoins
I wouldn't call financiers less educated I guess. They knew about it from early days, but didn't take it seriously (like with Tesla for example, and other assets too). But we certainly see that attitude changing. But do you think that using crypto-currencies (not only Bitcoin, but potentially others too) is within the scope of their business model?
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Mauser
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January 03, 2021, 07:41:24 AM |
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That can't say this time, because anything can happen this year or some time far. Cryptocurrency becoming well known in the world day by day, many countries and organizations are accepting BTC so why not financiers? Commerce known people now knowing and investigating about cryptocurrency. I hope that financiers will come to this field and they will work on that and if there are some mistakes, they will try to solve and upgrade the systems. Scams will reduce by the preventing of falls.
I agree with you. Crypto currencies become more and more mainstream these days. Almost everybody has atleast heard of them. Bitcoin is now close to 35.000 USD, I think we with. these returns we saw over the last few weeks. It becomes very attractive for a types of investors. You don't want to sit out this rally.
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as.exchange (OP)
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January 03, 2021, 12:03:10 PM |
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I agree with you. Crypto currencies become more and more mainstream these days. Almost everybody has atleast heard of them. Bitcoin is now close to 35.000 USD, I think we with. these returns we saw over the last few weeks. It becomes very attractive for a types of investors. You don't want to sit out this rally.
I tend to agree with you, but not completely though. Financiers (the smart ones) know that "buy when the blood runs on the street", so nobody is gonna buy when BTC reaches new ATHs. And the financiers (again, - not investors) will not want to sit out this rally, unless they have ways to earn risk-free commissions which won't depend on whether Bitcoin goes up or down.
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as.exchange (OP)
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January 04, 2021, 03:57:56 AM |
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Financiers is a synonyms of investors. They are a money provider for some projects or businesses, one who deals with finance and investment on a large scale. They are investors also and this time that bitcoin is already popular and valuable there are financiers for some group or businesses who are investing directly in cryptocurrency or bitcoin in particular.
Those are not synonyms actually. That's what I mentioned in the earlier comments (see below): As for investors and financiers being the same, unfortunately I cannot agree on that. Bank's business is borrow long-term from CB/depositors @ cheap rates, and lend short-term @ high rates. From philosophical perspective - yes, they do both make money from other people's money - that's true, but the business models are different. One is like Uber - connects those with assets with the ones who need assets and earn their margin, but another one is like traditional taxi car - buy the cars hire drivers and wish that can earn money from that.
From common understanding perspective and more of "philosophical" perspective, the word "financier" typically refers literally to anyone who is working with money, be it asset manager, hedge fund, bank, FX broker, stock broker, local exchange down the street, Treasury department, VISA processing the payments, or literally anyone - just a very general term. From another perspective, there are subdivisions in the world of financiers, and "financier" (who earns processing/transaction/maturity/liquidity fees) is another subdivision of the general "financier" (which does include investors, exchanges, lenders, brokers, including Grayscale, MicroStrategy's treasury dep., etc.).
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fiulpro
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January 04, 2021, 06:51:45 PM |
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See everyone have their own opinion. Now these people might literally be very well off and they don't need to take such measures to increase their wealth a net investment in a good bank would do good. When it comes to us , a common man, we don't have resources, we don't have financial freedom, we don't have economic stability and if these people do advice us on these situations do they even think for a second that " our situation is not the same as theirs" it is very different indeed. I understand for a fact that when people who are big business man and then decide to say how **I won't ever invest in bitcoins, it's far too volatile** they don't think for a second that they are the whales controlling the market. This is the capitalism we are talking about. The centralized dominance. They even control the government, the banks , this is far much known. So I think we have to make this decision for ourselves and then consider our situation differently because more often than ever we think of investors and we directly talk about the people who are more successful, how about we think about a common man ?
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Twentyonepaylots
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January 05, 2021, 01:49:07 AM |
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The points they made on how and why financiers will not use cryptocurrencies or invest in them makes little sense to me. Although what I'm getting in this is that they don't need to, since they are filthy rich anyway and wouldn't want to expand their wealth which is really good for small time bitcoin investors like us, fewer whales on the market means bigger chances for us. That can't say this time, because anything can happen this year or some time far. Cryptocurrency becoming well known in the world day by day, many countries and organizations are accepting BTC so why not financiers? Commerce known people now knowing and investigating about cryptocurrency. I hope that financiers will come to this field and they will work on that and if there are some mistakes, they will try to solve and upgrade the systems. Scams will reduce by the preventing of falls.
This I agree, a lot of privately-owned companies way back 2018 are reluctant into getting into crypto, but look at them now FOMOing the hell out of themselves to get a chance at earning here too.
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as.exchange (OP)
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January 05, 2021, 03:27:20 PM |
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See everyone have their own opinion. Now these people might literally be very well off and they don't need to take such measures to increase their wealth a net investment in a good bank would do good. When it comes to us , a common man, we don't have resources, we don't have financial freedom, we don't have economic stability and if these people do advice us on these situations do they even think for a second that " our situation is not the same as theirs" it is very different indeed. I understand for a fact that when people who are big business man and then decide to say how **I won't ever invest in bitcoins, it's far too volatile** they don't think for a second that they are the whales controlling the market. This is the capitalism we are talking about. The centralized dominance. They even control the government, the banks , this is far much known. So I think we have to make this decision for ourselves and then consider our situation differently because more often than ever we think of investors and we directly talk about the people who are more successful, how about we think about a common man ?
Really loved your comment. I would say "you cannot imagine", but I am sure you can - how many times I saw common people sharing the same feelings, but only you described it well straight to the point. Some people say this is the case in China only where people got wealthy with the rise of China 10-20y ago and now common people cannot afford to purchase real estate in first-tier cities while that's kind of mandatory based on social norms; people in Russia say the same thing but blame oligarchs and corrupt government officials who do the best to benefit only the own inner circle driving the prices higher and pushing people more to the poverty; and same with the US where people are desperately trying to figure out point of life under capitalism and with little-to-no chance or happily leaving the 9-5 / 9-6 hole and with inability to afford life in big cities. Yet, all these people are the "average Joe" who drive BTC price higher with a hope that it will change their life once the whales controlling the market would turn their attention to constantly growing asset. Let's hope this situation changes, but I personally don't see any big change with only monetary system change/transition to being more crypto-friendly, as currently the world is experiencing far more fundamental and structural issues when " the bottoms don't want and the tops cannot live in the old way" coupled with " high political activity of the working masses, their readiness to revolutionary actions" The points they made on how and why financiers will not use cryptocurrencies or invest in them makes little sense to me. Although what I'm getting in this is that they don't need to, since they are filthy rich anyway and wouldn't want to expand their wealth which is really good for small time bitcoin investors like us, fewer whales on the market means bigger chances for us.
Well even having trillions of dollars I don't think someone would mind having an additional couple of billions ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm not sure though, hopefully one day we all together will find that out personally. This I agree, a lot of privately-owned companies way back 2018 are reluctant into getting into crypto, but look at them now FOMOing the hell out of themselves to get a chance at earning here too.
This is just a proof that "smart money" isn't that smart after all. Ignoring promising technology and innovative asset in the early stage and then FOMOing at ATHs and entering with public announcements (to further hype the price of course). Not very smart imho.
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lixer
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February 18, 2021, 06:27:31 AM |
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That can't say this time, because anything can happen this year or some time far. Cryptocurrency becoming well known in the world day by day, many countries and organizations are accepting BTC so why not financiers? Commerce known people now knowing and investigating about cryptocurrency. I hope that financiers will come to this field and they will work on that and if there are some mistakes, they will try to solve and upgrade the systems. Scams will reduce by the preventing of falls.
I remember a very intelligent line from some philosopher or someone " First they ignore you, then they laugh at you, then they fight with you and ultimately you win" and I honestly think this is what is happening with Bitcoins. When it was new people ignored, now as it got more popular some investors laughed and called it a bubble. Then now banking systems are fighting against Bitcoin and ultimately looks like Bitcoin is going to win now. With more and more investors putting their money into crypto it makes me feel like its about time we will see bitcoins being accepted worldwide although it might not be precisely bitcoin because of confirmation issues and fees so it might be crypto payments in general.
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Mauser
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February 18, 2021, 08:11:30 AM |
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Most of the big financiers are changing their minds right now about crypto currencies and bitcoins. For the big banks and financiers it's all about money. If investors want to trade in bitcoins then they are going to follow. I don't think there is a big difference for traders if they buy commodities, stocks, currencies or crypto currencies. They all use advanced tools which can adjust to new markets. The use of Bitcoin's is growing every year. Eventually everybody will follow.
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Webetcoins
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February 20, 2021, 08:55:23 AM |
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Bitcoin's provide high benefits and why would financial not invest their money on it ?. I personally imagine that they're less educated in term of putting resources into bitcoin or a considerable lot of them are not very much aware of the bitcoins or existing of digital currencies. If they came to realize how bitcoin's help to twofold our speculation they'll surly step-in and contribute their huge bit of cash. It's better to persuade with those individuals who don't know about bitcoins
It took time for everyone including investors and venture capitalists to realize that Bitcoin is not a scam project being operated by some money money minded group of people, instead it is a project made for people and one which is also being controlled by people only. More and more adoption will follow after the move by Tesla and Musk recently to welcome bitcoins as payment. Trading in bitcoins is complicated and you have to spend a lot of time and mind with 100% consecrate. I personally think that financiers are not sufficiently free to glance in bitcoins and put away their cash on it. Bitcoins help just for the individuals who need to twofold their cash Why would they put their asset when they're already making benefit ?. Same with the Millionaire they'll never attempt to twofold their cash.
Rich guys don't actually need to trade as they can just invest and divest later when the market has gone up. Its actually easier for rich guys to even manipulate the market and make even more profits but they are afraid because they don't know if someone owns 100k BTC and just dumps suddenly so that fear is keeping most of the investors away.
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fullhdpixel
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February 20, 2021, 07:25:20 PM |
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Most of the big financiers are changing their minds right now about crypto currencies and bitcoins. For the big banks and financiers it's all about money. If investors want to trade in bitcoins then they are going to follow. I don't think there is a big difference for traders if they buy commodities, stocks, currencies or crypto currencies. They all use advanced tools which can adjust to new markets. The use of Bitcoin's is growing every year. Eventually everybody will follow.
The reality is that I do not think they are "changing their minds" about crypto, they just waited until they could get into crypto without disturbing the market as a whole, because if they got into bitcoin 3-4 years ago (or earlier) the market cap was so small and volume was so little that they couldn't buy too much since it would take the price super high and they couldn't sell because it would take the price very low. Right now they could do whatever they want, buy 1 billion dollars worth of bitcoin, sell 1 billion dollars worth of bitcoin and it wouldn't change the price "too much". And these are companies with so much money that they do put their money into many different things, so they waited for crypto to become good and big enough so that they could diversify their portfolio with bitcoin. We haven't even seen the real big players, these are still small timers, we are going to see 50-60 billion dollars go into bitcoin in the future.
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passwordnow
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February 20, 2021, 09:24:09 PM |
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The reality is that I do not think they are "changing their minds" about crypto, they just waited until they could get into crypto without disturbing the market as a whole, because if they got into bitcoin 3-4 years ago (or earlier) the market cap was so small and volume was so little that they couldn't buy too much since it would take the price super high and they couldn't sell because it would take the price very low.
Well, I agree on that. It's like testing the waters for many years before they get involved in it. They just can't trust a disruptive technology that was just made a few years ago and they would put millions to billions on it. These financiers and other related businesses are all for the money, they don't want to burn money and also securing that they get the minimum risk for that potential profit that they are about to make. But thanks to our Doge CEO Elon Musk that have waken them up although there were other financial institutions that have been doing it but only lacks of publicity.
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verita1
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February 20, 2021, 10:51:35 PM |
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I think that other financials based on bitcoin and some altcoins have been created and that is the reason why we are seeing this boom. We are evolving from traditional systems to the digital system that offers us bitcoin and cryptocurrencies. I have seen testimonials from the great investors who went through the entire current finance system and realized that bitcoin is the best asset for safeguarding capital. The transformation is happening, perhaps we will see two worlds who adhere to the traditional and who seek to innovate with Blockchain technology.
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AmoreJaz
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February 20, 2021, 10:58:42 PM |
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The reality is that I do not think they are "changing their minds" about crypto, they just waited until they could get into crypto without disturbing the market as a whole, because if they got into bitcoin 3-4 years ago (or earlier) the market cap was so small and volume was so little that they couldn't buy too much since it would take the price super high and they couldn't sell because it would take the price very low.
Well, I agree on that. It's like testing the waters for many years before they get involved in it. They just can't trust a disruptive technology that was just made a few years ago and they would put millions to billions on it. These financiers and other related businesses are all for the money, they don't want to burn money and also securing that they get the minimum risk for that potential profit that they are about to make. But thanks to our Doge CEO Elon Musk that have waken them up although there were other financial institutions that have been doing it but only lacks of publicity. now, they are seeing that foundation is now more solid than before. as a lot of top companies and financial institutions are in this game, they are now confident that this will not crash hard. they are just waiting the pulse of the community. and yes, Elon Musk did give some confidence to these companies to go into crypto because his company is also touching the crypto industry. i think, they have the notion that if Musk is trusting this new tech, then it means, there's something in store for him on this venture. and so they want to follow thru his steps.
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AndySt
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February 20, 2021, 11:27:59 PM |
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Well, I agree on that. It's like testing the waters for many years before they get involved in it. They just can't trust a disruptive technology that was just made a few years ago and they would put millions to billions on it. These financiers and other related businesses are all for the money, they don't want to burn money and also securing that they get the minimum risk for that potential profit that they are about to make. But thanks to our Doge CEO Elon Musk that have waken them up although there were other financial institutions that have been doing it but only lacks of publicity.
Let us not forget that financial institutions rely on the instructions of state financial regulators, so it is not only caution and distrust that have caused their actions. Elon Musk's recent actions have certainly stirred up this sleepy financial realm a bit, but there are also some concerns from government officials about the regulation of such bitcoin transactions. The financial market is also waiting for the approval of new instruments for cryptocurrencies similar to other financial instruments.
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passwordnow
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February 21, 2021, 09:58:09 PM |
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Well, I agree on that. It's like testing the waters for many years before they get involved in it. They just can't trust a disruptive technology that was just made a few years ago and they would put millions to billions on it. These financiers and other related businesses are all for the money, they don't want to burn money and also securing that they get the minimum risk for that potential profit that they are about to make. But thanks to our Doge CEO Elon Musk that have waken them up although there were other financial institutions that have been doing it but only lacks of publicity.
Let us not forget that financial institutions rely on the instructions of state financial regulators, so it is not only caution and distrust that have caused their actions. Elon Musk's recent actions have certainly stirred up this sleepy financial realm a bit, but there are also some concerns from government officials about the regulation of such bitcoin transactions. The financial market is also waiting for the approval of new instruments for cryptocurrencies similar to other financial instruments. The government officials are not that more concern with bitcoin transactions, it's irreversible and it's hard to track but, what they are concerned about is the tweets that's generating a huge noise in the internet world made by Elon. It's very manipulative and I don't know if there are other financial institutions that have already called the attention of the body of government that's assigned for it. What are those "new instruments" that you have? can you cite example?
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Stedsm
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February 21, 2021, 10:48:12 PM |
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Considering the high risk associated with investing in crypto, I believe that'll what will stop financiers to invest into crypto because they offer much less returns on investments of their customers (by customers, I mean the ones who made accounts or created FDs there) and I believe that whenever, even one bank takes interest and manages to invest in crypto, I don't see crypto's marketcap under $10 trillion because banking sector is on big sector which is untouched here yet and if it gets involved in crypto ever, I don't think that crypto will need any more recognition.
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AndySt
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February 21, 2021, 11:49:35 PM |
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The government officials are not that more concern with bitcoin transactions, it's irreversible and it's hard to track but, what they are concerned about is the tweets that's generating a huge noise in the internet world made by Elon. It's very manipulative and I don't know if there are other financial institutions that have already called the attention of the body of government that's assigned for it. What are those "new instruments" that you have? can you cite example?
Bitcoin and cryptocurrencies have again become a fashionable topic on the news agenda, but still it will not be able to continue indefinitely and then there will be a decline in interest again. Elon Musk is very fond of flirting with fire, not only in the case of flamethrowers, and I'm afraid that he again has problems with regulators, similar to those that concerned Tesla shares. As for the new instruments, I did not mean absolutely new ones, unique to bitcoin, but quantitatively more instruments, similar to ETFs, futures, etc.
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