Bitcoin Ticker Available On Bloomberg Terminal | Hacker News Reader

Bitcoin Ticker Available On Bloomberg Terminal

techcrunch.com

55 pointsvoxio11 comments

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?

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.

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.

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.

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?

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

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.

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