IBKR's Petterfy says 'lol' to Bitcoin

[SoesWasBetter]

proof of scam

http://www.zerohedge.com/news/2017-10-19/worlds-largest-ico-imploding-after-just-3-months

 

[Sig]

How does one launder money with bitcoin? I keep seeing this. Cash is more anonymous than bitcoin and it still needs to be laundered the old fashion way. How would bitcoin be any different?

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!

 

[Hoi]

With all the infrastructure they already have, what epic complication would there be.

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.

 

[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

 

[Martinghoul]

Well, the Squid's other desks haven't been doing so hot recently, so why not crypto, eh?

 

[Cuddles]

proof of scam

http://www.zerohedge.com/news/2017-10-19/worlds-largest-ico-imploding-after-just-3-months

There has been plenty of ico scams, failure of one due to internal squabble isn't one of them.

 

[Pekelo]

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

 

[lawrence-lugar]

That guy looks like you Pekelo, minus the curly big troll Chia pet hair due.

Betting on the Market 2017...Make Trading Great Again

 

[ElCubano]

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

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.

 

[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.