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Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: Goldman Sachs is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it's still trying to work out security issues as well as how it would hold, or custody, the assets. The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies, whose wild price swings and surging values have captured the public's imagination but given pause to established institutions. Goldman Sachs is now assembling a team in New York, one of the people said. While the bank hasn't made a decision where to house the desk, one possibility is that it will operate within the fixed-income, currencies and commodities unit's systematic trading function, which conducts transactions electronically, two people said.
turning out for you? You know, you can't drain it when there's a billionaire with a sewage pump twice the size of your drain, right? If you thought they were going to just let you go do your own thing, well, I can't even rightly call that naive. There's got to be another word for it. Maybe in German. They've got long words for bad things, right?
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Wow, you really smoked some bad S**T in the third reich but you lost, remember? Instead of bitching about a tiny religion with an outsized impact on the world because of its emphasis on study, why don't you learn something other than hatred? Do something, make some money, get a life? I wish I had some of that power you speak of but not all us class 4 Jews are in the loop I guess. I particularly enjoy that bit about Jews controlling the music industry. All those damn Jews: Snoop, 50 cent, Janet Jackson, Madonna, ...
We did have a good run in Nobel prizes that you forgot to mention. Rabi, Einstein, Feinman, .... All no doubt awarded by those damned Swedish Jews you hate so much. But sadly, as the US immigrants assimilated, that has gone away. Now the people doing the research are more Chinese, Indian, Pakistani and Iranian Jews. Do you hate them too?
*All* speculation in the world for everything that exists is speculation. The question is: Did you capitalize on it and built yourself up?
From your response I'm guessing your're a poor little dumbass that doesn't know foot from mouth and is now jealous of those who profited from intelligence.
Even if you were right (which you're not), there's no need to be mean about it.
"Speculation" is used in investing as distinct from "investment." Investment generally refers to putting money into a company based on some meaningful information and guesses about what the company is going to do and how well it is going to perform--for example, you look at the Amazon echo and Amazon financial statements and decide you should invest in Amazon. Speculation refers to primarily uneducated guessing about which way the numbers are going to move, especially in a way which is disconnected from meaningful metrics. Following the herd to ride the bubble is speculation.
Goldman Sachs will trade anything people show interest in. They don't care if it's a good investment or not, they make the money off transaction fees.
"First they came for the slanderers and i said nothing."
I'm guessing your're a poor little dumbass that doesn't know foot from mouth and is now jealous of those who profited from intelligence.
Bitcoin is over now. It's gone from $20,000 to $13,000 in two days. Maybe ther'll be a rally or two but the fat lady is now clearing her throat.
Some people will have made a million, yes, but for every one of those there's a thousand others who lost a thousand bucks. It's simple math.
Were they all "intelligent"?
No sig today...