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I'm happy for bitcoin, in general, but slightly fearful to see that now investment banks are potentially going to get involved. A group known to have the money,
by jared314 13y ago
I'm happy for bitcoin, in general, but slightly fearful to see that now investment banks are potentially going to get involved. A group known to have the money, and experience, to game financial rules at will.
- M4v3R 13y agoThat could unltimately become a good thing. Now Bitcoin suffers from low liquidity, and a single person with considerable resources can shift the price by few dollars or more. When big guys start jumping in, it will be much harder to manipulate the market, so the price will become more stable. Which is what merchants and Bitcoin accepting services want to see.
- Sauer_Kraut 13y agoSure thing buddy, extremely large whales absorbing a pond of little fish will make the price (rate of exchange relative to whatever currency you fancy) more stable. All sarcasm aside I highly doubt this will be a good thing for end users of bitcoin.
- deleted 13y ago[deleted]