IBKR's Petterfy says 'lol' to Bitcoin

Discussion in 'Crypto Assets' started by SoesWasBetter, Oct 17, 2017.

  1. Sig

    Sig

    It comes from people who don't get the fundamental concept of the blockchain containing every transaction ever made or the relatively trivial effort required to correlate a transaction back to an individual. I think the various law enforcement agencies are quite happy that this misperception persists!
     
    #32     Oct 19, 2017
  2. Hoi

    Hoi

    IB has an infrastructure for Forex very tightly integrated into the clients budget/margin administration. You don't trade forex-contracts with IB but instead swap/move your EUR-budget to JPY-budget.
    Using the infrastructure they already have would mean that Bitcoin should be handled like a real currency. And that's just want Petterfy says: it must be a currency like USD,EUR,NOR, DDK were you can have a budget in and pay taxes with.

    Offering it in any other way, would mean building additional infrastructure which huge costs.
     
    #33     Oct 20, 2017
  3. Hoi

    Hoi

    Buy the way: I have heard that Goldman is working on a crypto trading desk for 3th quarter 2018. That would be an eye opener for many :)
     
    #34     Oct 20, 2017
  4. Well, the Squid's other desks haven't been doing so hot recently, so why not crypto, eh?
     
    #35     Oct 20, 2017
    dealmaker likes this.
  5. Cuddles

    Cuddles

    #36     Oct 20, 2017
  6. Pekelo

    Pekelo

    For crypto fans, here is a documentary about the roaming 90s as a cautionary tale, including Jim Cramer with long curly hair:

     
    #37     Oct 20, 2017
  7. That guy looks like you Pekelo, minus the curly big troll Chia pet hair due.
    [​IMG][​IMG]
    Betting on the Market 2017...Make Trading Great Again
     
    Last edited: Oct 20, 2017
    #38     Oct 20, 2017
  8. ElCubano

    ElCubano

    I had a friend who never in his life bought a stock and made a ton on Iomega. He would not shut up about it.
     
    #39     Oct 20, 2017
  9. Pekelo

    Pekelo

    I remember when Iomega was the shit. I guess your friend sold before the end:

    "Without the revenue from its proprietary storage cartridges, Iomega's sales and profits declined considerably. Iomega's stock price, which was over $100 at its high in the '90s, dipped to around $2 in the mid-2000s."

    The peak price was in 1996 but going down it still had moves from $10 to $30. Perfect example for Bitcoin's future.
     
    Last edited: Oct 20, 2017
    #40     Oct 20, 2017