What the heck does "Wall street is going to 'move in'" mean?

[TERA]

I think I know,  but I'm tired of hearing this catchy phrase. IT sounds like spam or a cheap sales pitch. Could please define a little more about what 'move in' means?

Is an exchange going to open?
Is bitcoin going to open on comex?
Are a bunch of guys with suits and ties going to dump their stocks and decide they need to bring bucketloads of cash over to bitcoin so they can join the speculation and holding circle?

Exactly what kinds of things will occur and companies and players will be involved.

[1714885028]

1714885028

[YogoH]

one ponzie joining another

[bitcoinsrus]

I think I know,  but I'm tired of hearing this catchy phrase. IT sounds like spam or a cheap sales pitch. Could please define a little more about what 'move in' means?

Is an exchange going to open?
Is bitcoin going to open on comex?
Are a bunch of guys with suits and ties going to dump their stocks and decide they need to bring bucketloads of cash over to bitcoin so they can join the speculation and holding circle?

Exactly what kinds of things will occur and companies and players will be involved.

I remembered reading about the winklevii having some issues with the bank, so it was a little setback (I thought they would open an exchange or something).

I have not heard anything from second market or anything else. Not sure about comex. From other peoples post, it seems either late summer or before q4 (dec 2014) some action might happen (regarding w.street) (or might happen in 2015 is my guess).

Things have been quiet about the wall street thing actually happening.

[TERA]

For some reason I get the visual of a circle of men in suits and ties agressively converging on Bitstamp with suitcases full of cash, forming a spartan shield formation and executing a suprise attack.

[gentlemand]

Many of them need some big, fat regulations. Once those are in place then perhaps it'll be time for the more daring ones to start giving it some consideration. Not for a while yet is my guess.

Once they're there we'll see 'proper' exchanges and products that allow people to divert a little of their funds into BTC if they're in the mood. Same as any other happening that might rise in price.

[YogoH]

Money goes in, Money goes out. You can't explain that

[esse83]

I think I know,  but I'm tired of hearing this catchy phrase. IT sounds like spam or a cheap sales pitch. Could please define a little more about what 'move in' means?

Is an exchange going to open?
Is bitcoin going to open on comex?
Are a bunch of guys with suits and ties going to dump their stocks and decide they need to bring bucketloads of cash over to bitcoin so they can join the speculation and holding circle?

Exactly what kinds of things will occur and companies and players will be involved.

Yes obviously wall street cant wait to buy coins from shady exchanges with no supervision. Also, quite obvious, they would love to buy the currency that just recently lost its essence to ghash. Sign me up for some of that!

[Torque]

Well if Wall Street is "moving in" or has been moving in, I'd make them pay "at the counter" like Joe Public has to.  But of course, that's not gonna happen.  They'll try to buy them in bulk off-exchange or at an auction, or for cheap from some stupid Chinese miner who can't pay his power bill.

I'd make them have to pay a premium for market entry.  A serious premium.  Hopefully most of the early adopters sitting on thousands of coins have some values and refuse selling out to a bunch of Wall Street or Banking cronies.

Bitcoin - for the people, by the people, yes?

[pummle]

Wall St moving in means people with deep pockets acquiring bitcoins. The general trend will be a large increase in the price if this happens. How will it happen? Some people will try to invest in "bitcoin companies" like bitpay. Some people will buy bitcoin on the street or directly from miners. Some Wall Streeters will try to invest in things like the Winklevoss bitcoin fund. It will start gradually, and then the price will jump by an order of magnitude or two like it has in the past, very suddenly. There will be a huge bubble as people try to pile in before they miss the boat, huge fortunes will be made and lost within a matter of weeks. The power will be held by those with actual bitcoins, and the people in Wall Street will use any means they can think of to get a piece of that pie.

[Tzupy]

If bitcoin were a company, the time for Wall street to move in would have been 2012 IMO.
But only the Winklevii did the move, because bitcoin was still largely unknown. After 2 bubble manias in 2013,
the risk / reward ratio isn't that appealing anymore. Remember, bitcoin is 'banned' by some banks and countries.
OTOH, if the consolidation breaks downwards and we'll have a proper capitulation, price at the bottom could
be low enough to entice some WS fiat to pump the next bubble.

[adamstgBit]

What the heck does "Wall street is going to 'move in'" mean?

I have a feeling we're going to find out!

imagine a bubble of epic proportion multiply it by 100 and add the fact that at that point fiat will be dead to the top 1%

[TERA]

What the heck does "Wall street is going to 'move in'" mean?

I have a feeling we're going to find out!

imagine a bubble of epic proportion multiply it by 100 and add the fact that at that point fiat will be dead to the top 1%

You guys gotta be careful what you wish for. You could get your wish of fiat dying but then bitcoin does NOT get used as everyone's new magical store of value and barter tool that goes to the moon and instead you just starve to death during world war 3. Good luck.

[WallStreet]

It means that the day we will enter will be the last day Bitcoin trades below 6 digits!

Mark my words!

[FattyMcButterpants]

it means "i'm a bagholder and wall street only invests in the billions of $$, so obviously they will invest in bitcorns, immediately driving the price to six figures, never to return."

[spiderbrain]

Sadly, fiat's going to die no matter what anyone here says. At least we have crypto now to soften the blow.

[Zohann]

I think I know,  but I'm tired of hearing this catchy phrase. IT sounds like spam or a cheap sales pitch. Could please define a little more about what 'move in' means?

Is an exchange going to open?
Is bitcoin going to open on comex?
Are a bunch of guys with suits and ties going to dump their stocks and decide they need to bring bucketloads of cash over to bitcoin so they can join the speculation and holding circle?

Exactly what kinds of things will occur and companies and players will be involved.

To me it means an exchange opening in New York of Chicago.  The Winklevii ETF and Second Market are still just speculative investors.  I'm very excited about David Byrne's comment about listing Overstock.com as "new type" of security that rides on the bitcoin protocol.  Not just shares purchased with bitcoin, but a new type of security.  Revolutionary.

[Swordsoffreedom]

For some reason I get the visual of a circle of men in suits and ties agressively converging on Bitstamp with suitcases full of cash, forming a spartan shield formation and executing a suprise attack.

Similar but for me it is a bunch of men in suits with Harvey Specter coming into a downtown Manhattan Office saying here is the deal you give us what we agreed on or we will show the jury all your dirty laundry Keeples XD.

___
But in reality its probally a bunch of CEO's Companies and big investment firms all agreeing to get in big on Bitcoin and pouring a large amount of their venture capital share holdings and trusts into the sphere in companies retail banking or firms.

Or even just buying Bitcoin themselves and holding it.

[zakalwe]

I think I know,  but I'm tired of hearing this catchy phrase. IT sounds like spam or a cheap sales pitch. Could please define a little more about what 'move in' means?

Is an exchange going to open?
Is bitcoin going to open on comex?
Are a bunch of guys with suits and ties going to dump their stocks and decide they need to bring bucketloads of cash over to bitcoin so they can join the speculation and holding circle?

Exactly what kinds of things will occur and companies and players will be involved.

To me it means an exchange opening in New York of Chicago.  The Winklevii ETF and Second Market are still just speculative investors.  I'm very excited about David Byrne's comment about listing Overstock.com as "new type" of security that rides on the bitcoin protocol.  Not just shares purchased with bitcoin, but a new type of security.  Revolutionary.

Okay. But it's Patrick Byrne. David Byrne would sing songs like "Burning down the house " and "once in a lifetime" together with the talking heads  

[FattyMcButterpants]

For some reason I get the visual of a circle of men in suits and ties agressively converging on Bitstamp with suitcases full of cash, forming a spartan shield formation and executing a suprise attack.

Similar but for me it is a bunch of men in suits with Harvey Specter coming into a downtown Manhattan Office saying here is the deal you give us what we agreed on or we will show the jury all your dirty laundry Keeples XD.

___
But in reality its probally a bunch of CEO's Companies and big investment firms all agreeing to get in big on Bitcoin and pouring a large amount of their venture capital share holdings and trusts into the sphere in companies retail banking or firms.

Or even just buying Bitcoin themselves and holding it.

but what would this look like in practice? are we sure it isn't already happening? the impression i get from many people is that they think, "wall street enters, then bitcoin to 1 trillion"

[DurbanPoison]

I believe it is the CEO of SecondMarket who is on record saying that the big wall street money is going to come flowing into Bitcoin later this year.

Given the increase in Venture Capital activity and companies adopting Bitcoin, I tend to believe him.