Bitcoin Forum

For a long time MtGox was leading all other exchanges in certain directions. As much as people were hating on MtGox, it still was making or breaking up/downtrends.
Why is it so hard for the market to have a new "leading exchange" at the moment the price is soo unstable that we could have used a strong exchange.
I know bad news from China is making it even harder, but at the moment Bitstamp is probably the only large exchange accessible for customers worldwide.
At the moment Bitstamp is only following what China is doing, so we don't have to expect a lot effort from Bitstamp.

What if Huobi opens its doors for European and American customers, will that make a change for the stability of Bitcoin ?
I think it's not a matter of "if" Huobi will do that, but more "when"

We don't need a "leading exchange". We need exchanges where all customers can get money and Bitcoins in and out with no delays and no nonsense. All exchanges where assets flow easily in and out will converge on price, because any difference will cause arbitrage transactions to pull them together.

Exactly this is what we expect from exchangers

We need more two way bitcoin atms. :)

May be. But need to make them simple to use, so that common people may be able to use them. I have seen some of the videos of the Bitcoin ATMs. It seems that only the tech savvy might be able to use them.

Very good point, in most cases it is very easy to get BTC and $ in, but getting it out easy is a different story. The exchange keeps control over us, which makes it less decentral.

A two way ATM would be awesome, it must be easy to buy and sell BTC without a hassle.

I have seen a review of an ATM where you need to wait so long in order to get your BTC that was horrible, at first the machine have to scan your ID card, then it wants your fingerprints, then a picture of your face, then you have to wait 10 minits for the machine to process everything, also not so decentral....

But there are also good ATMs, where you just scan the QR code, insert the money, and you have the BTC instantly, no ID card required, no fingerprints.... Perfect ATM ;D

I know only 1 local exchange where that is easy, but as it's local, traffic is low so price is high and amount of available BTC is low. Every other exchange is hard to get your money into as they require all sorts of verifications.

You can get BTC and $ in without problems before verification. But when you try to withdraw your funds, they will force you to walk through the verification process.

I buy BTC from a company in my country, they charge nearly no fee for buying, then I transfer the BTC to exchange and sell them for $

The issues with ATM's are more to do with KYC/AML compliance than actual usability from what I've seen.

We don't need a 'leading' exchange but the market will determine it eventually.

The bigger the exchange gets the more problems it will incur, but I agree the people will decide what the best or leading market is to use based on the service they provide.

How are they hard to use? The concept is just sending BTC to an address and get cash in return or deposit cash to get BTC sent to your address right? and I think most of the ATM's are QR code operated

Some of them are very difficult to use and you need fingerprint scans and ID and to wait for verification etc and it's a ballache.

The whole identity scan thing is most likely due to laws

It is, but it makes the process very tiresome and confusing for many. ATMs are meant to be quick and simple, not drawn out and complicated. To the new user it's annoying and off-putting.

It is new to me that MtGox was ever a cause of price stability. Actually whenever the price really crashed it had something to do with them.

This is also the reason why a "leading exchange" is precicely what this economy does NOT need.

The whole idea of leadership is one from the past really, maybe you want to have a look into some more democratic ways of thinking than wishing for a leader.

Joe

How many ATM's are there officially worldwide? I know there are  some in china and what other countries? Yes we need bigger ATM network that would help people alot.

Why we need one dominating exchange? We need actually good multiple exchanges. We need competition in exchanges. Then only their service will be better.

What we need is trustworthy exchanges/bussinesses dealing with our money/crypto. Only then we have a chance the mass will get more interested into cryptocurrency.

sending my money to Bulgaria to trade crypto coins is something i would shake my head at just a few months ago.

but i'm doing it 'cause it's all i got.

I think BTC-E figured out some time ago already that they can make more money in the long run by doing honest business. If they were to go bust it will be by government intervention, not by the owners making a run for it. They make 20k on a quiet day. That's really not an incentive to make a run for it.

Any exchange where that is the case is suspect. That is a big red flag for any broker, investment, or exchange. It's one of the classic indicators of a scam.

Remember all those bogus excuses from Mt. Gox.