Wall Street pump incoming

[Torque]

Institutional as well as private investment will not pump the price as they are not buying BTC, they are investing in the infrastructure. Except for guys such as Draper, few are going the way of purchasing. We need fiat to pump the price; aka we need new individuals to buy coins and have existing individuals stop selling them.

Yeah, like better infrastructure is the only thing holding Average Joe back from finally buying some bitcoin.  

The Average Joes of the world need a MUCH better incentive than that.  Like discounts at Walmart, Auto Zone, Burger King, etc.  Or be able to purchase lotto tickets and cigarettes with bitcoin.

[sethminer14]

What delusional bears don't see coming:



  

I don't get it

Wall street coming to eat us all.

They aren't a bunch of idiots. They aren't gonna just buy it all when they see it in a downtrend. That's just bad investing.

[knight22]

Wall Street pump won't happen overnight. They will first start by slowly dipping their toes. Like we all did. Expect a long period of stability/boringness prior that.

[knight]

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

[knight22]

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.

[semaforo]

If wall street money did come in, it wouldn't really make sense to pump the price up, unless it was to manipulate the price and realize profits. It would make more sense, if I had wall street kind of money, to buy gradually, and then put in big sell orders, and keep buying gradually at lower prices. Also, I would hire hackers to sabotage key exchanges, or even buy them off, and make sure that the hacks are highly publicized. This would reduce confidence in bitcoin in general, and in the meantime I would keep buying up coins. I would also invest simultaneously in one big exchange, so I would be set to profit both from price increases and my share in the one exchange that appears bulletproof and has full governmental approval, and then as soon as my position was large enough, I would drop about $200 million in buy orders, and sell about 25% of that once I felt the market could absorb it.


   It's actually too enticing not to do, and there are probably more than a thousand institutional and individual players who can do it if they want to, and who doesn't want to make half a billion dollars in less than two years with a billion dollar investment? The real madness would come when two or more such players start trying this same strategy at each others expense...

   I mean, I'm just throwing out numbers... if you have that kind of money there are lots of way to get returns on it, but bitcoin really is an exceptional opportunity for big money, and these people didn't get to be on top by being stupid. They know bitcoin is big, and they also know the importance of discretion. They also don't want Satoshi Nakamoto to be richer than them

[B.A.S.]

Institutional as well as private investment will not pump the price as they are not buying BTC, they are investing in the infrastructure. Except for guys such as Draper, few are going the way of purchasing. We need fiat to pump the price; aka we need new individuals to buy coins and have existing individuals stop selling them.

Yeah, like better infrastructure is the only thing holding Average Joe back from finally buying some bitcoin.  

The Average Joes of the world need a MUCH better incentive than that.  Like discounts at Walmart, Auto Zone, Burger King, etc.  Or be able to purchase lotto tickets and cigarettes with bitcoin.

I agree. The average joes don't care about BTC (as of yet) because it simply offers no advantages over traditional payments options. The masses who use technology rarely care about how it works, what it symbolizes or any other thinking surrounding its implementation. They just want to buy it and say they own it/use it if it's cool/high tech/widely used/etc.

BTC could benefit from advertisement: expanding its niche market to larger companies (Walmart as you said) perhaps grocery stores, convenience marts. Right now it costs real fiat money to change your already good USD to BTC. Once in BTC your choices are heavily limited right now. Why would any average joe want to do that?

[B.A.S.]

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.

Ironic isn't it? Makes me start to think that all the idealism I've read about BTC since 2011 was from a bunch of people looking to get rich; that nobody truly cared about decentralization in the first place. It was just a proxy.

BTC (or something like it) will revolutionize the financial industry in the next coming decades. It will also be the greatest and largest data mining operation ever to take place because of the giant companies that will run the show.

[knight22]

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.

Ironic isn't it? Makes me start to think that all the idealism I've read about BTC since 2011 was from a bunch of people looking to get rich; that nobody truly cared about decentralization in the first place. It was just a proxy.

Bitcoin development is pushing both ways. The mainstream way and the honeybadgers way which is ironically making bitcoin even more decentralized and robust and is also part of the open and inclusive nature of the network. Making money out of it is part of the incentive mechanism from the whole beginning.

Were you expecting anything else?

[B.A.S.]

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.

Ironic isn't it? Makes me start to think that all the idealism I've read about BTC since 2011 was from a bunch of people looking to get rich; that nobody truly cared about decentralization in the first place. It was just a proxy.

Bitcoin development is pushing both ways. The mainstream way and the honeybadgers way which is ironically making bitcoin even more decentralized and robust and is also part of the open and inclusive nature of the network. Making money out of it is part of the incentive mechanism from the whole beginning.

Were you expecting anything else?

Yes I was/still am, but the problem lies in the decentralization. You cannot have decentralization without trust and without trust, you can not have anonymity. What is happening now is the requirement of anonymity is being defined on the corporate level only. Infrastructure is being built that ties real world personal data to blockchain transactions/wallets/etc. on the level of companies that interface between users and miners. These companies hold massive data on the financials of most users (US at least).

I.e. Individual anonymity is not respected, only infrastructure level. Centralized services are "safeguarding" your anonymity (KYC/AML/linked bank accounts/CCs) under the premise that business through them is "safe."

Essentially, this is required for mainstream. I understand this, but it really takes away what BTC technology could do for people, but they are too foolish or naive to see it/care.

Fiat is not going anywhere, but a restructuring and new application from it's controlling powers is underway.

[Fabrizio89]

You mean Wall Street dumping... they will bring this so down everyone will have to let go, and then they will corner the market. Look at what a single entity in China is doing by simply taking bitcoin loans: dumping to hell.

[viboracecata]

if wall street pump the price, who will sell their bitcoin, and how wall street get bitcoin? only if they bump the price, they can get bitcoin they want

[knight22]

Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??

Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.

I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.

Ironic isn't it? Makes me start to think that all the idealism I've read about BTC since 2011 was from a bunch of people looking to get rich; that nobody truly cared about decentralization in the first place. It was just a proxy.

Bitcoin development is pushing both ways. The mainstream way and the honeybadgers way which is ironically making bitcoin even more decentralized and robust and is also part of the open and inclusive nature of the network. Making money out of it is part of the incentive mechanism from the whole beginning.

Were you expecting anything else?

Yes I was/still am, but the problem lies in the decentralization. You cannot have decentralization without trust and without trust, you can not have anonymity. What is happening now is the requirement of anonymity is being defined on the corporate level only. Infrastructure is being built that ties real world personal data to blockchain transactions/wallets/etc. on the level of companies that interface between users and miners. These companies hold massive data on the financials of most users (US at least).

I.e. Individual anonymity is not respected, only infrastructure level. Centralized services are "safeguarding" your anonymity (KYC/AML/linked bank accounts/CCs) under the premise that business through them is "safe."

Essentially, this is required for mainstream. I understand this, but it really takes away what BTC technology could do for people, but they are too foolish or naive to see it/care.

Fiat is not going anywhere, but a restructuring and new application from it's controlling powers is underway.

That's why there is also projects like Lighthouse, Bitsquare, OpenBazaar, DarkWallet etc to counter this direction and bring equilibrium and choice.

[B.A.S.]

That's why there is also projects like Lighthouse, Bitsquare, OpenBazaar, DarkWallet etc to counter this direction and bring equilibrium and choice.

Very true. These projects need more attention and awareness. Throwing out random numbers, I'd say the speculation forum is:

50% about big money getting in
25% to the moon quotes
15% dump incoming
5% centralized BTC infrastructure news (Exchanges)
2% Butt hurt trolls
2% TA analysis
0.99% polls
0.01% projects like Lighthouse, Bitsquare, OpenBazaar, DarkWallet

It's hard to get razzed up about BTC in the decentralized direction when the masses would rather lose/make money on the speculation of its value relative to fiat. (end rant, it's a grouchy day today).

[bassclef]

You mean Wall Street dumping... they will bring this so down everyone will have to let go, and then they will corner the market. Look at what a single entity in China is doing by simply taking bitcoin loans: dumping to hell.

It's already been brought down... If they continue to double digits suddenly everyone will be aware of the game. They can only accumulate for so long before the market gets wise.

[SirChiko]

wall street have said that they will join bitcoin a long time , but still not see any pump coming

in other hand , coin's price are dumping lower and lower
 

Yep as they aren't ready yet or see the downtrend and want to buy in lower and that could create MASSIVE rally, COULD.

[DonQuijote]

Maybe they buy some miners company at firts, to ban dumpers

[traderCJ]

Why on Earth would Wall Street embrace something out of their control?  Furthermore, why would the banking community encourage its adoption?  The technology behind Bitcoin is 100% incompatible with regulated, centralized banking.  I think "Wall Street" sees Bitcoin as yet another thing they can pump and dump.

[SirChiko]

Wall Street pump won't happen overnight. They will first start by slowly dipping their toes. Like we all did. Expect a long period of stability/boringness prior that.

Stability would be way better alternative to current dowtrend don't you think so? But i don't see it happening.

[semaforo]

Why on Earth would Wall Street embrace something out of their control?  Furthermore, why would the banking community encourage its adoption?  The technology behind Bitcoin is 100% incompatible with regulated, centralized banking.  I think "Wall Street" sees Bitcoin as yet another thing they can pump and dump.

The weather is beyond wall streets control, and it doesn't stop corn futures from being traded.