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: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:"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:"invest their holdings"

[Intrepid imaginaut]

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