Bitcoin Ticker Available On Bloomberg Terminal • Hacker News Board

Re: Bitcoin Ticker Available On Bloomberg Terminal

#11

Post by [deleted] » Sat, Aug 10, 2013, 12:55 PM UTC

Sauer_Kraut wrote: post #7

M4v3R wrote: post #5

Earlier quoted context omitted.

That 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.

Sure 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]

Re: Bitcoin Ticker Available On Bloomberg Terminal

#12

Post by Pro_bity » Sat, Aug 10, 2013, 5:53 PM UTC

nikcub wrote: post #9

jlgreco wrote: post #2

Bloomberg terminals may be unfamiliar to many in this community, but this is a Big Deal(tm). Those things are not cheap to lease, but you can be sure as hell there is a reason serious traders shell out for them.

It isn't that big a deal - I worked at a startup that developed its own indicies and we got them listed in Bloomberg pretty quickly even though you could count our users on one hand. Bloomberg want to track everything . This is the financial equivalent of saying you are now indexed in Google If anything Bitcoin and the MtGox price is late to Bloomberg.

I think that this move by Bloomberg shows that Bitcoin (and other similar currencies) are becoming legitimate commodities. It may be the case that become they new gold.

Re: Bitcoin Ticker Available On Bloomberg Terminal

#13

Post by jlgreco » Sat, Aug 10, 2013, 6:25 PM UTC

peteretep wrote: post #10

jlgreco wrote: post #6

Earlier quoted context omitted.

The way I am reading this is that Bloomberg has decided to add it of their own violation. Becoming boring and run of the mill is the best thing that could happen to bitcoin. I think this is signalling this transition.

Absolutely. Some company paying Bloomberg to list is quite different from Bloomberg just adding it. (Also: the word you want is "volition" - "violation" is quite different :-P)

Ah, right you are. I blame my phone keyboard :P