Bitcoin Ticker Available On Bloomberg Terminal (opens in new tab)

(techcrunch.com)

55 pointsvoxio12y ago11 comments

11 comments

9 comments · 3 top-level

jlgreco12y ago· 4 in thread

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.

nikcub12y ago

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.

Pro_bity12y ago

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.

gaadd3312y ago

Can't pretty much anyone get a keyword on a Bloomberg terminal if you pay enough? Is this a Big Deal(tm) if there's no demand for it?

jlgreco12y ago

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.

1 more reply

jared31412y ago· 2 in thread

I'm happy for bitcoin, in general, but slightly fearful to see that now investment banks are potentially going to get involved. A group known to have the money, and experience, to game financial rules at will.

M4v3R12y ago

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.

Sauer_Kraut12y ago

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.

1 more reply

zby12y ago

Hmm - makes me wonder if they are aware of the fact that MtGox does not let its customers to withdraw money (for nearly two months now with some sporadic transfers for small amounts to keep peoples hope) - the price at MtGox is completely distorted by that why Bloomberg should use it?

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11 comments

9 comments · 3 top-level

jlgreco12y ago· 4 in thread

nikcub12y ago

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.

Pro_bity12y ago

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.

gaadd3312y ago

Can't pretty much anyone get a keyword on a Bloomberg terminal if you pay enough? Is this a Big Deal(tm) if there's no demand for it?

jlgreco12y ago

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.

1 more reply

jared31412y ago· 2 in thread

M4v3R12y ago

Sauer_Kraut12y ago

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.

1 more reply

zby12y ago

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