Re: 2013-12-11 Entrepreneur:Wall Street Will Put 'Hundreds of Millions' Into Bitcoin
It's all to play for
Seriously, it's a no brainer that wall street is gonna come in soon, expect a deep deriv market to evolve as they do
Seriously, it's a no brainer that wall street is gonna come in soon, expect a deep deriv market to evolve as they do
What do you mean by deep deriv?
That means wall street will spearhead pump-and-dump schemes and scams that will make Pirate and other notorious Bitcoin criminals look like saints in comparison.
LOL i couldn't agree more.
We should already be getting used to it by now anyways.
I suppose the price will definitely be manilpulated, but what will the price be? Will it be manipulated from $10,000 down to $8,000 or $100,000 to $75,000? I think those of us that have invested now won't really care too much then.
If the price goes to that sort of level then "the rest of us" (particularly miners etc) get in on the action. I wouldn't be worried about hundreds of millions of dollars coming into the market. Manipulation has happened since day 1 with bitcoins, same as any other trading market, if people are going to manipulate at these sorts of levels, good luck to them. I'll cash out a coin a day
