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/biz/ - Business & Finance

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8348789 No.8348789 [Reply] [Original]

>Goldman Sachs buys a crypto exchange
>Goldman Sachs is going to make it a fiat gateway to compete with Coinbase
>Goldman Sachs is fudding Crypto to drive the price down

What can we deduce from all of this?

>> No.8348822
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8348822

>>8348789
crypto is beanie baby tulips son

>> No.8348870

>>8348789
Let me get this straight: they bought an exchange, presumably with a vault of btc included (bc it's already an active exchange, right?), and are letting their current investment slide? For what? What benefit is there?

>> No.8348929

>>8348870
To buy more duh

>> No.8348953

>>8348870
this is the real questions.

I too read the news.

They bought polo.
They are fucking with the price.
Yet they happily paid an almost 60 day ATH for the crypto.

Okay. Sure.

>> No.8348999

>>8348789
>>8348822
>>8348870
>>8348929
>>8348953
Goldamn didn't buy Poloinex, Circle did. Goldman is setting up their own trading desk.

>> No.8349003

>>8348789
My bet? They'll wait until Taxes in the US are due and for shmucks to pull out of crypto and pay. Depending how things go, you may be better off paying interest the IRS pisses on you with. Assuming you decide to pay in the first place :^)

>> No.8349004

>>8348953
They don't have anything to do with it you retards we've been telling you idiots this was going to happen since it bounced off of 6k the first time. You morons DO NOT LISTEN.

>> No.8349018

>>8348953
Price was set before crypto market dropped, and they would have had to pay a premium to convince polo owners to sell in the first place.

It's not like Goldman woke up yesterday and decided to buy polo, then just did it; even small acquisitions like this take time to process, vet and negotiate.

>> No.8349075

(((gloabalist))) (((whitcollarcriminalsdestroyedamerica)))

>> No.8349085

i thought they all bought in at 10k, wtf

>> No.8349217

>>8348789
they are DCAing on the way down fucksticks

>> No.8349262

>>8349217
No body on wallsteet averages losers

Losers average losers

>> No.8349365

>>8349262
k its just a meme you're right

>> No.8349440

>>8348999
Circle and Goldman are the same thing

>> No.8349475

goldman didn't buy the exchange dipshit

>> No.8349507
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8349507

>>8348789
It's easier to eliminate the competition from the inside.

>> No.8349557

>On February 2018 Poloniex, ranked as the 14th largest crypto exchange by data tracker CoinMarketCap.com with almost 100 tokens listed and daily volume of trading more than $150m, was acquired by Circle Internet Financial Ltd., a closely held mobile-payments firm backed by Goldman Sachs Group Inc.[1]