Speaking of stabbing people, which we weren't, what ever happened to the gazillion wall street bucks that were waiting to pour onto the exchanges after Jan 1?
You mean the ETFs? They are not set up yet.
Nah. Back in December all the rage was to talk about all the wall street money that was going into the exchanges.
You used to speak a bit more intelligently. For quite a while now you have been an unreasonable bear . . .
No Wall Street money will ever end up on an exchange. Well, I can't say none at all . . . Large bitcoin transactions take place off exchange. The only money that will come in to the exchanges from Wall Street types will be the small amount it will take to drive the spot price up after they have purchased as much as they can. Some smaller investors may buy on exchange, but there will not be enough liquidity for some time to satisfy large investors. What will happen is that as large investors soak up coins from other sources, there will be a general reduction in coins available in the system which will put upwards pressure on the price.
This is all based on speculation anyway. We are trending up(mid term) with or without a bunch of money from Wall street.