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What Goldman Is Telling Big Money Clients About Bitcoin

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Re: What Goldman Is Telling Big Money Clients About Bitcoin

#21

Post by tradersam »

xor1 wrote: post #19
aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

Litecoin is extremely undervalued. Ethereum has an incredibly bright future, Monero is an incredible tool for privacy.

Check out bitfinex.com and start trading pairs there. They have a description under every currency that should help.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#22

Post by mrb »

canoebuilder wrote: post #12
MediumD wrote: post #7

Unfortunately, this is a pretty standard fluff piece with not much information. Would love to know what Goldman actually thinks about the prospects of cryptocurrency and distributed ledgers, but"real dollars are at work here and warrant watching" is the only shred of information this article give.

What use case is there for a distributed ledger that is superior to a centralized ledger? As soon as a critical mass is formed around a particular use case, consortiums, i.e. governments will form to regulate and enforce trust and the system will move to far more efficient centralized ledgers.

The main use cases for decentralization are: absolute control of your money, and censorship resistance.

Think deeply about what this means. Most people have no idea. Just a few examples (typing on the phone): no company or system can accidentally/intentionally deny your transactions, no merchants can charge you against your will, harder for oppressive government to seize wallets of targeted citizens/organizations, etc.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#23

Post by andirk »

iDemonix wrote: post #20
xor1 wrote: post #19

Earlier quoted context omitted.

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

I keep looking at Neo but not sure I've already missed out

it's showing a little dip now as of writing, if that's what you wanted.

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#24

Post by colordrops »

aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

This is a great breakdown of the history of recent craziness:

https://np.reddit.com/r/BitcoinMarkets/comments/6rxw7k/infor...

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#25

Post by Animats »

Bear in mind that Goldman Sachs is now about making Goldman Sachs money. For well over a century, they were about making rich people richer and taking a cut. That's no longer the case, and their advice to their clients is no longer particularly good. It's now just usual sell-side broker "analysis". Read "Why I am Leaving Goldman Sachs."[1]

A friend who was a Goldman Sachs client noticed this when, around 2011, they started suggesting dumb deals. He pulled all his money out of there.

[1] http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-g...

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#26

Post by panarky »

tradersam wrote: post #21
xor1 wrote: post #19

Earlier quoted context omitted.

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

Litecoin is extremely undervalued. Ethereum has an incredibly bright future, Monero is an incredible tool for privacy. Check out bitfinex.com and start trading pairs there. They have a description under every currency that should help.

It wasn't long ago that crypto prices on Bitfinex were quite a lot higher than other exchanges because you couldn't withdraw national currencies [0].

Are their banking issues all resolved now?

Also, if you're domiciled in the US, Bitfinex won't even do business with you [1].

For US customers who what to be legal, Gemini seems pretty solid and verifies new accounts quickly, though they only support Bitcoin and Ethereum [2].

[0] https://www.coindesk.com/spreads-widen-bitcoin-exchanges-ami...

[1] https://www.bitfinex.com/posts/216

[2] https://gemini.com/

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#29

Post by acchow »

tradersam wrote: post #21
xor1 wrote: post #19

Earlier quoted context omitted.

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

Litecoin is extremely undervalued. Ethereum has an incredibly bright future, Monero is an incredible tool for privacy. Check out bitfinex.com and start trading pairs there. They have a description under every currency that should help.

> Litecoin is extremely undervalued.

How did you decide this?

Re: What Goldman Is Telling Big Money Clients About Bitcoin

#30

Post by Casseres »

xor1 wrote: post #19
aiyodev wrote: post #8

As a long term owner of Bitcoin, I can say this is the absolute worst time to start investing in it. It's development has been taken over by a group of mentally unstable developers with weird personal agendas and beliefs. The official Bitcoin website and subreddit are heavily censored and are no longer a reliable source of information. It's widely reported elsewhere that their moderator stole millions of dollars wort…

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

I'll name one: Monero. It's not a fork of Bitcoin. It's based on CryptoNote. Unlike Bitcoin which is public and traceable, Monero's address balances are private and the transactions are not traceable. It is fairly mined (no premine or instamine).

There's a lot of interesting tech/code behind it. Check out the Monero subreddit and/or start here: https://www.monero.how/

I learned about Monero when someone else mentioned it in a comment here on HN earlier this year. After doing my own research, I believe Monero was and still remains the best solution available to fulfill the requirements of a decentralized digital currency.

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