Bloomberg's Trading Terminals Now Providing Bitcoin Pricing

New submitter Raystonn (1463901) writes "Bloomberg has announced the release of Bitcoin support in their trading terminals, used worldwide by over 320,000 trading professionals. The market makers of the world will now have instant access to immediate Bitcoin prices on an industry-standard trading platform. This places the virtual currency before the eyes of the movers and shakers of most of the world's money supply as they decide where to invest their USD holdings."

Comments

Beginning of the End

[cusco]

Now the professional speculators will trash it for good. Get the amateurs out of the way, time for a REAL pump-and-dump cycle!
 

Re:Beginning of the End

[cusco]

When George Soros and the other currency speculator scum get done with Bitcoin the holders of coins will end up owing money.

Re:What's the point of this?

[fph il quozientatore]

The sole use of Bitcoins are for drug addicts and drug dealers. Why would stock traders care about these people?

Indeed, I find the mere association offensive. Drug addicts and dealers are respectable people.

I wonder

[Anonymous Coward]

I always wonder what the vitriol against BitCoin comes from. I mean, its completely optional. You don't need to be involved at all. However from a technical viewpoint it is a very very clever system. I really don't understand why people get so upset. Is it because people are making money off of it?

Re:I wonder

[ArcadeMan]

Everybody who's against Bitcoin is mad because they didn't mine it in the early days.

Re:I wonder

[medv4380]

You say that it's "optional", but it's not. If you view it as a scam investment like Tulip Bulbs that can bankrupt people you warn people away from it in some vain attempt to save them before they are ruined by it. It's not optional because when friends and family are dupt into it, and loose their shirt it's going to hurt you even if you didn't personally invest one penny in it.

Re:I wonder

[SuricouRaven]

As do I. As do many

Re:I wonder

[Anonymous Coward]

It's not optional because when friends and family are dupt into it, and loose their shirt it's going to hurt you even if you didn't personally invest one penny in it.

By that reasoning NOTHING is optional. Skiing "isn't optional" because a family member could break a leg and place their burdens on you.

Re:What's the point of this?

[cusco]

Drug dealers? Who do you think has been feeding the stock market rise for the last two decades? It's the best and easiest way to launder a billion dollars at a time. Why do you think Charles Grassley made a personal visit to the FARC in Colombia when he was CEO of the NYSE, and then retired with the most enormous bonus of any executive in the Exchange's history? Why do you think US Treasury Secretaries leave "public service" to go lead the money laundering, err, 'private banking' divisions of the mega-banks?

It's an enormous amount of money that needs washing every year, around half of it from drug sales, the entire worldwide Bitcoin pseudo-economy couldn't even begin to touch it. This is just to make it easier for the currency speculators to play with.

Re:What's the point of this?

[Anonymous Coward]

I seem to remember that the Silk Road 2 had Bitcoins stolen after some cracker visit and were putting on a plan for getting able to reimburse their customers.

That seems more respectable and responsible than the "we will not be able to continue paying top bonuses to our mismanagers unless the public bails us out" regular banks. The banks are acting like modern-day robber barons.

Re:"invest their holdings"

[Savage-Rabbit]

To "invest" is to put money where value is.

Bitcoin is a concept. It has no value. People can trade, arbitrage, wield, barter, or exchange for it.
It still has no value.

Best fortune to all those making money with Bitcoin. For every one of you someone has lost
an almost equal amount. (originally mined bitcoins loss value 0 but it grows exponentially).

And as for the holdback bitcoins created and untouched -- that's why bitcoin will NEVER be a currency.
"Oh we invented this so we kept some for ourselves." Yeah, do that. And doom the coin.

E

Nothing has value unless there is a general consensus about it being valuable.Dollars are only pieces of paper that are no longer even backed by gold and that are valuable simply because everybody agrees they are valuable. If that consensus changes dollars become worthless. The same goes for commodities, you can build a huge stockpile of gold worth $100 million that everybody agrees is valuable until one day there is a super volcano eruption, civilization collapses and alluvasudden the general consensus on value shifts to your neighbours $1.000.000 (pre apocalypse value) stockpile of guns, ammo and canned food being way more valuable than your pile of gold.

Re:Where?

[xorsyst]

Better get into bitcoin now, this could drive the price high. Or low. Who knows?

Re:"invest their holdings"

[Intrepid imaginaut]

No, dollars are backed by a stable government and the GDP of the USA. Bitcoin is backed by nothing.

Re:"invest their holdings"

[cellocgw]

Why do silver bullets always get all the love? Gold bullets would be awesome.

In case you really don't know the reason, it's 'cause only silver has the ethereal purity to stop vampires. Heck, gold barely stops the Dane, and not for very long.