It is now possible to trade Bitcoin futures on the CBOE. This is a mainstream exchange. Does this mean that cryptocurrencies- in general- have left the realm of "Monopoly Money" and become "Legitimate" investments? What do YOU think?
So now that Bitcoin Futures are Listed on Major NON-crypto Exchanges, does that Make Cryptocurrencies Legit?
7 years ago by denmarkguy (77)
$4.55
- Past Payouts $4.55
- - Author $3.69
- - Curators $0.86
42 votes
- + humanearl: $1.453 (100%)
- + kus-knee: $1.128 (20%)
- + ausbitbank: $0.642 (1%)
- + everittdmickey: $0.237 (12%)
- + carrinm: $0.226 (10%)
- + jlufer: $0.134 (30%)
- + enternamehere: $0.122 (50%)
- + followbtcnews: $0.068 (5%)
- + karenb54: $0.061 (30%)
- + marxrab: $0.060 (7%)
- + libertyranger: $0.052 (80%)
- + kristinaljfom: $0.049 (100%)
- + sc-steemit: $0.044 (15%)
- + rynow: $0.041 (2%)
- + mitchelljaworski: $0.041 (50%)
- + enjar: $0.038 (100%)
- + jack353: $0.032 (100%)
- + zappl: $0.021 (10%)
- + samstonehill: $0.021 (10%)
- + moisesmcardona: $0.021 (5%)
- … and 22 more
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is one of the most easily relatable quotes to the crypto world. If someone were to ask me (many years from now when cryptos are mainstream) to sum up the rise of the crypto world, I would probably just recite this quote and that would be all of the information they would need.
Also, I am so glad to see that we are finally transitioning out of the second stage (also kind of skipping over the third stage, but not entirely). Soon we will be laughing at them for not listening to us about the potential of the crypto world!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that the crypto world became 'Legit' when the crypto market cap broke $100bn. At that point, large leaders in the financial industry were beginning to recognize crypto and making their decisions about "what cryptos are" and whether or not to invest in them.
However, you could also argue that the crypto world became legit when they were first recognized as feasible by a major financial institution (by major I mean one with enough clout to get that recognition on mainstream news).
Thanks for sparking up this conversation!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I guess there are many metrics we could point to... here, I was insinuating the point where Bitcoin (even as a derivative) started trading somewhere that is NOT a cryptocurrency exchange, along with other forms of commodities and investment vehicles.
We could also say cryptos become something "serious" when the market cap crosses $1 trillion... which I'd expect to see sometime in 2018.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think a few large establishments have been downplaying btc legitimacy while they also had been buying it up backhanded using other channels.
It would make a lot of sense if that is reason for many changing their view on it if they have a lot of money to make. It’s just a shame they accidently forgot to disclose they are holding a few billions worth and will make out like bandits the more main stream it goes.
All that matters is how big of a whale is buying up cryptocurrency’s and how bad they want it to be worth i more. After all how else are they going afford their new multibillion dollar Mega Super Yacht they are drawing up plans to have made .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would tend to agree with you; most of the establishment is pretty opportunistic and will do "whatever" to profit from situations; little doubt about that.
I suspect there will be a whole new field emerging in due course... a sort of "blockchain forensics" that will use the transparency of the blockchain to connect extremely hard to track dots.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
IRS already claims to be allow to something similar to that for tax purposes. I guess we will find out when things start hitting the court system over unpaid taxes.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think the legitimacy of crypto will continue to increase for the time being.
Big players are understanding that the crypto community is not only solid like a rock, but getting bigger and bigger at an incredible accelerated rate.
Embracing positive changes and better technologies like blockchain on a massive worldwide scale is just a matter of time.
For example Coinbase is now one of the most downloaded app on the App Store right now.
So the message is clear, crypto is here to stay, embrace it or eat dust!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This level of mainstream adoption also suggests to me that we are rapidly moving past the point where government "intervention" could have much impact. Almost as if "the time for NO has come and gone."
Current market cap of cryptos has now passed $450bn and will probably close in on $2 trillion by the end of 2018... enough to make the top 10 largest economies in the world.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit