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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Scooby903 on January 15, 2014, 10:35:51 PM



Title: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 15, 2014, 10:35:51 PM
Of course we'd all love to see the prices increase across the board, but what is your opinion on this?  I believe only coins with a strong community and that are innovative will truly succeed once this happens.  I expect to see rises across the board, but only a relative handful of coins making significant jumps.  I'm no economist though, so I thought I'd see how the community felt...


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: scarface on January 15, 2014, 10:37:07 PM
i expect to see btc, ltc, and doge usd markets


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Coinyay on January 15, 2014, 10:37:22 PM
Probably won't see much change IMO


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Sampey on January 15, 2014, 10:40:05 PM
I will add at least 0.2 To My Bot Price.  ;)


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 15, 2014, 10:59:14 PM
I will add at least 0.2 To My Bot Price.  ;)

Will probably be warranted   :D


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scribbles646 on January 15, 2014, 11:02:58 PM
Why isn't there an option for "All hell breaks loose when the Securities and Exchange Commission comes down like a hammer".


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: iampingu on January 15, 2014, 11:04:56 PM
I will add at least 0.2 To My Bot Price.  ;)

Will probably be warranted   :D

the real scooby?


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Stick56 on January 15, 2014, 11:05:53 PM
I'd try to get more flat of mine in the exchange. Hard as hell to move USD from the US.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: stompix on January 15, 2014, 11:08:01 PM
Shouldn't BTC be affected as well and included in the poll?

Because if this might indeed happen some people will trade xyz for usd instead of btc.
Of course the volume is small compared to other exchangers but in theory should have some kind of impact.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: iGotSpots on January 15, 2014, 11:12:53 PM
I'd try to get more flat of mine in the exchange. Hard as hell to move USD from the US.

It's very simple, actually. Takes about 5 clicks to get USD into BTC


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: iampingu on January 15, 2014, 11:19:04 PM
I'd try to get more flat of mine in the exchange. Hard as hell to move USD from the US.

It's very simple, actually. Takes about 5 clicks to get USD into BTC
I think you're my forum member of the day. Been seeing some of your comments and they're immensely amusing.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: tk808 on January 15, 2014, 11:25:51 PM
Most of you are forgetting 1 major aspect, people have to already own BTC or another alt-coin before entering cryptsy trades.

USD trades will remove that extra step and let the buyers buy alt currencies immediately.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 15, 2014, 11:47:34 PM
Most of you are forgetting 1 major aspect, people have to already own BTC or another alt-coin before entering cryptsy trades.

USD trades will remove that extra step and let the buyers buy alt currencies immediately.

Yes, and I think that some altcoins will thrive while others simply meander on at a slight rise


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: stompix on January 15, 2014, 11:51:30 PM
Most of you are forgetting 1 major aspect, people have to already own BTC or another alt-coin before entering cryptsy trades.

USD trades will remove that extra step and let the buyers buy alt currencies immediately.

So , wouldn't btc be the biggest loser on this?
Because there will be less demand for btc when customers can buy their coins directly with usd.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Bobsurplus on January 15, 2014, 11:53:22 PM
they will get shut down, servers will be seized, and you'll lose all your coin...

AML laws and MSB rules will be the end of cryptsy!



Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: kimosan on January 15, 2014, 11:55:24 PM
The SEC cometh and the SEC taketh away.  :P


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Taxidermista on January 15, 2014, 11:55:25 PM
Of course we'd all love to see the prices increase across the board, but what is your opinion on this?  I believe only coins with a strong community and that are innovative will truly succeed once this happens.  I expect to see rises across the board, but only a relative handful of coins making significant jumps.  I'm no economist though, so I thought I'd see how the community felt...

Cryptsy is not going to open any USD market.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Kognakus on January 15, 2014, 11:55:43 PM
Slight rise.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: BrewCrewFan on January 15, 2014, 11:57:06 PM
I expect major issues like a few weeks ago. People will be please when its actual money disappearing.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: jongameson on January 16, 2014, 12:16:06 AM
JimmyBuffet Coin


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 01:03:16 AM
I expect major issues like a few weeks ago. People will be please when its actual money disappearing.

Same here...I can only hope they have the hardware to support the insane traffic


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 01:51:37 AM
Of course we'd all love to see the prices increase across the board, but what is your opinion on this?  I believe only coins with a strong community and that are innovative will truly succeed once this happens.  I expect to see rises across the board, but only a relative handful of coins making significant jumps.  I'm no economist though, so I thought I'd see how the community felt...

Cryptsy is not going to open any USD market.

I also have reservations about it even happening, but they seem to be working towards it...only time will tell.  I guess this was more of a hypothetical question  ;D


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 05:17:46 AM
Just a little ol' bump  ;D


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: tk808 on January 16, 2014, 05:25:15 AM
Most of you are forgetting 1 major aspect, people have to already own BTC or another alt-coin before entering cryptsy trades.

USD trades will remove that extra step and let the buyers buy alt currencies immediately.

So , wouldn't btc be the biggest loser on this?
Because there will be less demand for btc when customers can buy their coins directly with usd.


Supposedly, it would see modest gains. Bitcoins will still be highly desirable.

Unless cryptsy opens a btc/usd trade. Things will get complex real fast, not to mention security and lag.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: o24 on January 16, 2014, 06:00:21 AM
I doubt there would be a USD exchange for all the alts on cryptsy probably only the ones with really high volume.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 06:33:24 AM
I doubt there would be a USD exchange for all the alts on cryptsy probably only the ones with really high volume.

I'm thinking if they bring them online, they will likely start out with the more popular coins, I agree.  But it would be interesting to see how a USD/NET market would react when opened...I bet the volume increase would be quite substantial


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: noelmal on January 16, 2014, 06:45:25 AM

USD trades will remove that extra step and let the buyers buy alt currencies immediately.

USD will remove the extra step in regulators closing the place down ;)


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: BitcoinEXpress on January 16, 2014, 06:55:03 AM
I expect major issues like a few weeks ago. People will be please when its actual money disappearing.

Same here...I can only hope they have the hardware to support the insane traffic


https://i.imgur.com/rfF9A5z.png



Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 07:01:32 AM
I expect major issues like a few weeks ago. People will be please when its actual money disappearing.

Same here...I can only hope they have the hardware to support the insane traffic


https://i.imgur.com/rfF9A5z.png



 :D


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: mathew564 on January 16, 2014, 08:48:35 AM

All Alt-Coins jump up in value tremendously.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Mr.V on January 16, 2014, 08:52:39 AM
not much change... most coins there are crap, a few good ones might rise


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: BTCvFiat on January 16, 2014, 09:11:59 AM
Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 04:19:13 PM
Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.

I am curious to see how they would implement the USD market...certainly wouldn't be a simple switch to be thrown.  Like you said, the regulations in place on USD exchanges could stifle growth, but I believe that would only be a temporary setback and they would recover from it fairly quickly.  As BTC's popularity/acceptance becomes more mainstream throughout the next year, the masses will start to adopt alts since they won't want to buy in to BTC directly due to the price.  If Cryptsy has their act together and gets everything in place properly, it will make for a very interesting year  ;D


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: burnum on January 16, 2014, 04:35:43 PM
Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.

Why would there be a mass cash out? The largest holders of coin's already have an avenue for exchanging to fiat.
I am sure that the policy will end up similar to coinbase or other exchanges, so anybody that wants to cash out can do it now through those channels, I could be wrong no doubt, if they make it easy with no account verification then I would expect a cashout and crash, but they are registered with FinCEN and so have to abide by certain rules.
I have hopes for a small jump in the most popular coins  8)


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Amph on January 16, 2014, 04:39:37 PM
what will happen? isn't it obvious?

more people will be scammed


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 04:58:54 PM
what will happen? isn't it obvious?

more people will be scammed

I do feel bad for people that are/were having issues, but I've had no issues with Cryptsy since using them from day one  :)


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Amph on January 16, 2014, 06:38:18 PM
no i don't mean that, i mean more people wil be worthless shit btc clone


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: r00tdude on January 16, 2014, 08:34:03 PM
There should be an option for 'Watch the FinCEN agents knock on the door in simulcast'...


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: placebo on January 16, 2014, 08:46:43 PM
A lot of people will start buying ,and coins will fly to the moon. If cryptsy do the right promotions then all coins go move 1000% higher.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Stick56 on January 16, 2014, 11:14:41 PM
I'd try to get more flat of mine in the exchange. Hard as hell to move USD from the US.

It's very simple, actually. Takes about 5 clicks to get USD into BTC

What are the steps/clicks?  Not trying to be funny but everywhere I look it's like pulling teeth.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: PinkPotatos on January 16, 2014, 11:20:16 PM
Franko goes to the moon ;)


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: elixir on January 16, 2014, 11:21:33 PM
how easy would it be to withdraw USD from cryptsy.


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Scooby903 on January 16, 2014, 11:34:00 PM
how easy would it be to withdraw USD from cryptsy.

I assume since they are based in Florida that it shouldn't be too hard...


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: x0rcist on January 16, 2014, 11:37:15 PM
There should be an option for 'Watch the FinCEN agents knock on the door in simulcast'...

lol, i guess they are smart enough to not make that mistake ;)


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: CashCat on June 27, 2014, 04:06:50 PM
https://i.imgur.com/PtgGSpt.jpg


Title: Re: [POLL] What happens when Cryptsy opens the USD markets?
Post by: Spoetnik on June 27, 2014, 08:00:19 PM
The real answer..

They get..
Quote
hacked