USD Trading Begins Tomorrow at Cryptsy.com

[MicroGuy]

It’s a legal and regulatory achievement that many experts said would simply never happen. For years, it has been possible to purchase Bitcoins directly with USD. Now finally, beginning tomorrow, that option will extend to altcoins as Cryptsy, the World’s largest altcoin exchange, turns on the U.S. dollar markets July 1st.

Cryptsy founder Paul Vernon, aka BigVern, started his journey into digital currency just a few short years ago as a mining pool operator. After seeing a need by miners to exchange their mined coins, he built a small private exchange for his pool users. That tiny exchange has since blossomed into an American digital currency powerhouse.

Full Story: http://altcoinpress.com/2014/06/usd-trading-begins-tomorrow-at-cryptsy-com/

[the joint]

This is nice to see.  Hopefully deposits and withdrawals with process smoothly.  It'll be interesting to see how many people purchase alts directly with fiat vs. those that exchange BTC for them.

[TheGreatBulbulito]

Will it make BTC's price go up? any toughts?

[ferall]

Will only slow that site even more.

[MicroGuy]

Will it make BTC's price go up? any toughts?

The trend could possibly be a slowly closing gap between the price of BTC and the top Altcoins.

My best guess would be we'll see a mostly stable to slowly rising Bitcoin price along with vast increases in the market capitalizations of alternative currencies over time.

[nutildah]

it will be interesting to see how LTC and DRK will be effected as well...

[Willisius]

Hopefully this will result in altcoin values not moving in response to BTC value moving. Or at least lessen the effect.

[shenjie]

That means I can get USD directly.