Gemini opens 08 Oct for trading!!

[g-unit]

Title says it all!

[Chef Ramsay]

Isn't there some sort of press release that could be added to the OP? I know the Winks would have some choice words about how thrilled they are to get this thing moving and perhaps what the ETA for the ETF might be.

[Denker]

Title says it all!

Do you have any sources and links for that?
I did a quick search and haven't found anything.
Please share with us.

[NeuroticFish]

Title says it all!

Do you have any sources and links for that?
I did a quick search and haven't found anything.
Please share with us.

From a little googeling I found this
https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291

And it seems pretty well informed.

[Denker]

Title says it all!

Do you have any sources and links for that?
I did a quick search and haven't found anything.
Please share with us.

From a little googeling I found this
https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291

And it seems pretty well informed.

Wow that was quick.Thanks man!

[dloghwak]

Title says it all!

Do you have any sources and links for that?
I did a quick search and haven't found anything.
Please share with us.

From a little googeling I found this
https://bitcoinmagazine.com/articles/winklevoss-twins-announce-the-launch-of-gemini-bitcoin-exchange-1444058291

And it seems pretty well informed.

Here the official source https://blog.gemini.com/and-were-live/

[elux]

https://www.reddit.com/r/Bitcoin/comments/3nkn6a/winklevoss_bitcoin_exchange_gemini_approved_for/cvp25um

PS: www.reddit.com/user/winky_pop is Cameron Winklevoss.

[Morecoin Freeman]

Yes this is true! I did receive their email today:

Hello from your friends at Gemini!

You have been granted early access to onboard to Gemini, a licensed and regulated bitcoin exchange in the United States. You can now fund your account in preparation for trading. Gemini will officially open for trading on Thursday, October 8th at 9:30 AM EDT.

To sign up, please go to Gemini.com, click the "Register" button and enter your unique invite code:

...

Welcome aboard,

Team Gemini

[g-unit]

http://www.coindesk.com/bitcoin-exchange-gemini-new-york/

Another one. Sorry, I didn't have a press release article at first (I found out about it because I joined their mailing list to be notified when it was open).

[NorrisK]

Wow, this is really awesome! Especially since everybody was expecting it to take atleast another half year

Can't wait to see the effect of this!

[BitWater]

Any risk for ETF's being created to be used against bitcoin? I know right now it's a simple exchange more or less.

[Mickeyb]

Any risk for ETF's being created to be used against bitcoin? I know right now it's a simple exchange more or less.

ETFs are still not approved. I guess we will just have to be patient and hope the regulatory bodies will approve them soon. Anyways  I think that the Gemini exchange had to be approved first in order for ETF's to come. At least I remember reading something like this.

Anyways, having another legit exchange which will be much closer to the stock market type of business people is a great news for Bitcoin.

[chennan]

So I'm just curious, I know for a fact that they share your personal info like SS# and other things you have to provide them to the government which they can choose to do whatever with.. Doesn't this scare anyone? I know it scares me, and I never do anything illegal with my Bitcoin, just the fact that they have ready access to this makes it feel something shady is going to happen...

[fuddudle]

So I'm just curious, I know for a fact that they share your personal info like SS# and other things you have to provide them to the government which they can choose to do whatever with.. Doesn't this scare anyone? I know it scares me, and I never do anything illegal with my Bitcoin, just the fact that they have ready access to this makes it feel something shady is going to happen...

Same with Coinbase more or less. Its frustrating to be asked where your Bitcoins come from.

[CoinBateman]

Shame there's only half of the states in America can use it.

[chennan]

Shame there's only half of the states in America can use it.

But the question becomes, would people who know about bitcoin in America really would want to use it??  I'm still on the fence about this whole thing, I would really not like to have some website that's indirectly controlled by the government to have all my personal information and know exactly how much I buy and what I buy it with... What good is that when bitcoin is supposed to be a "global cash unit"?  The benefits of bitcoin in the beginning was that it was to have the benefits of cash, without the inflation... now the whole thing is just becoming sketchy to me.

[Morecoin Freeman]

I can see some sort of Gemini Pump and Dump happening.
We have seen this many times before (Litecoin Huobi and the infamous Coinbase P&D).
Exciting times anyway. Did someone already make a countdown timer?

[spiderbrain]

Woohoo!

[Rumichbit]

a licensed and regulated bitcoin exchange in the United States.

Aren't we against that?

[_AquaRegia]

Why havent the price gone up already!

[chennan]

a licensed and regulated bitcoin exchange in the United States.

Aren't we against that?

Yes, but because people are going to see a slight increase in the beginning with gemini pumping.. people really don't seem to care as long as it makes them some short profit.

[NorrisK]

Why havent the price gone up already!

It hasn't opened up yet. Any big players and big money that wants to come in and play doesn't have a chance to trade yet.

Just keep watching the line go up and up for the coming weeks.

[Amph]

a licensed and regulated bitcoin exchange in the United States.

Aren't we against that?

yeah but it can create a possibility for those that are escluded from other exchange, like those in new york, which mean more adoption = always welcome

[MR1]

Shame there's only half of the states in America can use it.

But the question becomes, would people who know about bitcoin in America really would want to use it??  I'm still on the fence about this whole thing, I would really not like to have some website that's indirectly controlled by the government to have all my personal information and know exactly how much I buy and what I buy it with... What good is that when bitcoin is supposed to be a "global cash unit"?  The benefits of bitcoin in the beginning was that it was to have the benefits of cash, without the inflation... now the whole thing is just becoming sketchy to me.

If you are looking for privacy, you can buy BTC from localbitcoins.com.  And if you are looking for advanced privacy solutions, then use anonymous coins instead of BTC.

[1Referee]

Why havent the price gone up already!

The price won't go up that quickly just because Gemini exchange is launching. It will take some time for this exchange to settle and win customers from all over the world.

At this point they only accept customers from the USA. I hope they will start to roll out their service to the entire world very soon.

[LMGTFY]

But the question becomes, would people who know about bitcoin in America really would want to use it??  I'm still on the fence about this whole thing, I would really not like to have some website that's indirectly controlled by the government to have all my personal information and know exactly how much I buy and what I buy it with... What good is that when bitcoin is supposed to be a "global cash unit"?  The benefits of bitcoin in the beginning was that it was to have the benefits of cash, without the inflation... now the whole thing is just becoming sketchy to me.

It still has all those benefits - Gemini isn't going to fundamentally change what BTC is.

For me, Gemini opening is like US (institutional and private) investors having access to Luxembourg funds managed by a US asset management firm - there's nothing to stop little people (us) dealing direct with Luxembourg firms (or buying European stocks directly), but for larger investors it gives the comfort and security of dealing with a firm headquartered in the US. (I picked Luxembourg because it seems to be where US big finance sets up funds, even if their European bases tend to be in other European cities, but I could probably have used Singapore, Tokyo, Hong Kong etc as examples too).

[NeuroticFish]

The price won't go up that quickly just because Gemini exchange is launching. It will take some time for this exchange to settle and win customers from all over the world.

Actually a pump and dump for this news is possible.
Or a price rise because expecting that the BTC sell volumes will rise because of this exchange (I don't know how to explain better).

[OmegaStarScream]

I personally think that Gemini exchange will have a great impact on Bitcoin price (which means price increase) and hopefully with the Halving block reward aswell , we will have pretty good results .

[Mickeyb]

The price won't go up that quickly just because Gemini exchange is launching. It will take some time for this exchange to settle and win customers from all over the world.

Actually a pump and dump for this news is possible.
Or a price rise because expecting that the BTC sell volumes will rise because of this exchange (I don't know how to explain better).

Yes, I would expect a pump and dump by the speculators as well. Which I hope won't happen since this is not healthy at all. But do we all remember when Coinbase has launched their exchange earlier this year, what kind of pump we had.

Gemini is also connected with the ETFs, so we will see will we have any crazy increase in price.

[Mervyn_Pumpkinhead]

But the question becomes, would people who know about bitcoin in America really would want to use it??  I'm still on the fence about this whole thing, I would really not like to have some website that's indirectly controlled by the government to have all my personal information and know exactly how much I buy and what I buy it with... What good is that when bitcoin is supposed to be a "global cash unit"?  The benefits of bitcoin in the beginning was that it was to have the benefits of cash, without the inflation... now the whole thing is just becoming sketchy to me.

It still has all those benefits - Gemini isn't going to fundamentally change what BTC is.

For me, Gemini opening is like US (institutional and private) investors having access to Luxembourg funds managed by a US asset management firm - there's nothing to stop little people (us) dealing direct with Luxembourg firms (or buying European stocks directly), but for larger investors it gives the comfort and security of dealing with a firm headquartered in the US. (I picked Luxembourg because it seems to be where US big finance sets up funds, even if their European bases tend to be in other European cities, but I could probably have used Singapore, Tokyo, Hong Kong etc as examples too).

I think that this is why Gemini will mostly be a failed launch. It's just too late to offer the things that it has to offer. Gemini would have had hope if it would have launched near the 2013 goxcoin driven rally. Then there were some people in larger financial firms, that didn't quite understand the financial mechanics of bitcoin yet, so they basically just panic bought. During this time Gemini would have attracted more buyers who would have weight to throw around. Now, in the financial world, bitcoin and it's buyers are a joke. Only thing that is taken seriously is the implementation of the blockchain technology to more practical applications then bitcoin the currency.
Now the only potential greater fools can be found among the average Joes, who don't operate inside the financial information sphere and who could be tricked with the same promises of easy riches as it was done before. So, if bitcoin wants some new money, then back to pumping and dumping and publishing articles how "bitcoin could make you filthy rich!!".

[LFC_Bitcoin]

Oh yeah!
Finally, well done Winklevoss twins. I literally just post about this in another thread. I didn't realise it was fully approved & ready to go. 8th October, very interesting.

Can we anticipate a pump in the price as a result of this or will it will a non even like GBTC?

I personally think that Gemini exchange will have a great impact on Bitcoin price (which means price increase) and hopefully with the Halving block reward aswell , we will have pretty good results .

Fingers crossed bro!

[Preen]

But the question becomes, would people who know about bitcoin in America really would want to use it??  I'm still on the fence about this whole thing, I would really not like to have some website that's indirectly controlled by the government to have all my personal information and know exactly how much I buy and what I buy it with... What good is that when bitcoin is supposed to be a "global cash unit"?  The benefits of bitcoin in the beginning was that it was to have the benefits of cash, without the inflation... now the whole thing is just becoming sketchy to me.

It still has all those benefits - Gemini isn't going to fundamentally change what BTC is.

For me, Gemini opening is like US (institutional and private) investors having access to Luxembourg funds managed by a US asset management firm - there's nothing to stop little people (us) dealing direct with Luxembourg firms (or buying European stocks directly), but for larger investors it gives the comfort and security of dealing with a firm headquartered in the US. (I picked Luxembourg because it seems to be where US big finance sets up funds, even if their European bases tend to be in other European cities, but I could probably have used Singapore, Tokyo, Hong Kong etc as examples too).

I think that this is why Gemini will mostly be a failed launch. It's just too late to offer the things that it has to offer. Gemini would have had hope if it would have launched near the 2013 goxcoin driven rally. Then there were some people in larger financial firms, that didn't quite understand the financial mechanics of bitcoin yet, so they basically just panic bought. During this time Gemini would have attracted more buyers who would have weight to throw around. Now, in the financial world, bitcoin and it's buyers are a joke. Only thing that is taken seriously is the implementation of the blockchain technology to more practical applications then bitcoin the currency.
Now the only potential greater fools can be found among the average Joes, who don't operate inside the financial information sphere and who could be tricked with the same promises of easy riches as it was done before. So, if bitcoin wants some new money, then back to pumping and dumping and publishing articles how "bitcoin could make you filthy rich!!".

I disagree. Right now, a maturing Bitcoin relies on having strong pillars of consistency and reliability.

[randy8777]

a licensed and regulated bitcoin exchange in the United States.

Aren't we against that?

Yes, but because people are going to see a slight increase in the beginning with gemini pumping.. people really don't seem to care as long as it makes them some short profit.

nothing wrong with short profits, but too many people right now are waiting for a pump. it's going to be interesting at their launch on oktober 8. i don't think much will happen with the price. maybe it will just come a bit closer to $250.

[Mervyn_Pumpkinhead]

I disagree. Right now, a maturing Bitcoin relies on having strong pillars of consistency and reliability.

I think that bitcoin would firstly need any practical application for it to have a direction to mature towards to. Because bitcoin is impractical as a financial tool, it's only chance to keep breathing is to come in terms with what it actually is - a tool for gambling. And serious financial players don't gamble in a way that bitcoin asks for it's players to gamble. The "buy, hold, close your eyes and hope really hard that you will win" method only appeals to folks who aren't exactly financially knowledgeable.

[g-unit]

I disagree. Right now, a maturing Bitcoin relies on having strong pillars of consistency and reliability.

I think that bitcoin would firstly need any practical application for it to have a direction to mature towards to. Because bitcoin is impractical as a financial tool, it's only chance to keep breathing is to come in terms with what it actually is - a tool for gambling. And serious financial players don't gamble in a way that bitcoin asks for it's players to gamble. The "buy, hold, close your eyes and hope really hard that you will win" method only appeals to folks who aren't exactly financially knowledgeable.

Have you not paid attention to anything that has been done this year for bitcoin practical uses, merchant adoption all over the world, and the development of the infrastructure?

[Mervyn_Pumpkinhead]

Have you not paid attention to anything that has been done this year for bitcoin practical uses, merchant adoption all over the world, and the development of the infrastructure?

The only practical use for merchant adoption, was for merchants to get free press + new customers from the ranks of bitcoin fanatics. Now the free press part is kind of gone, since the word "bitcoin" has more negative then positive halo for merchants wanting to be associated with bitcoin. It may still attract some new customers in the form of bitcoin fanatics who are interested in buying goods or services with the coins they hold. But this only makes more bitcoins to be exchanged to fiat through bitpay.
The need for bitpay shows the low quality of bitcoin the currency. It doesn't have high enough quality as a currency to keep a predictable value, so it needs a better quality currency like USD to lean on, to make anykind of financial dealings possible that include bitcoin.
Bitcoin payment itself was and is highly inconvenient and risky for customers. So merchant adoption has been and will be useless news. It would only be meaningful if bitcoin could hold on it's own, without bitpay.

[Fiat_Hodler]

sounds like a really great platform. Cant wait to test it out!

[Mickeyb]

We are seeing a nice increase in price as well today, and this is all because of the Gemini exchange opening announcement.

We have really needed some positive news like this. It's been a while since something positive has happened in the Bitcoin ecosystem.

[snowdropfore]

come on CCMF!!!! have been waiting for so long

[g-unit]

Well let's not start sucking each others ***** just yet. It's only been an $8 increase so far.

[!! pop]

Well let's not start sucking each others ***** just yet. It's only been an $8 increase so far.

"If not now, when?"--Hillel the Elder

[g-unit]

Well let's not start sucking each others ***** just yet. It's only been an $8 increase so far.

"If not now, when?"--Hillel the Elder

Lol, good question. My quote was from Pulp Fiction.

[talks_cheep]

It looks like the high was 249.01@bfx, not even 250.

Didn't Coinbase's pump-and-dump get up to 310???

How pathetic is this???

[fuddudle]

It looks like the high was 249.01@bfx, not even 250.

Didn't Coinbase's pump-and-dump get up to 310???

How pathetic is this???

Didn't just happen overnight (quite)

And lets not forget the recoil pump shortly after the huge coinbase dump.

One potential reason for all this hesitation in the price is just too much positive sentiment. The market moves in the direction that people least want. Because it benefits the market maker, not the rest of the market.

[Roy Badami]

So I'm just curious, I know for a fact that they share your personal info like SS# and other things you have to provide them to the government which they can choose to do whatever with.. Doesn't this scare anyone? I know it scares me, and I never do anything illegal with my Bitcoin, just the fact that they have ready access to this makes it feel something shady is going to happen...

The US government already knows your SSN - they're the ones who issued it!

[randy8777]

It looks like the high was 249.01@bfx, not even 250.

Didn't Coinbase's pump-and-dump get up to 310???

How pathetic is this???

the coinbase pump was high but it didn't last that long. i hope people don't get upset if things don't turn out to be what they expected it to be. that will result in another dump.

[chennan]

So I'm just curious, I know for a fact that they share your personal info like SS# and other things you have to provide them to the government which they can choose to do whatever with.. Doesn't this scare anyone? I know it scares me, and I never do anything illegal with my Bitcoin, just the fact that they have ready access to this makes it feel something shady is going to happen...

The US government already knows your SSN - they're the ones who issued it!

Well it's not just that, but trusting Gemini as a third party that could do whatever they want with that information.. Personal information about you like that is very valuable.

[billyjoeallen]

What is interesting to speculate about is that there will likely be relatively low liquidity at the exchange when it first opens. There's a heluva lot more fiat in New York than there is bitcoin.


That means it's possible that institutional investors with huge piles of fiat could just market buy and drive the price up quite high.  The Winklevi are probably not going to use their own coins for liquidity, but it remains to be seen. 

[Fiat_Hodler]

What is interesting to speculate about is that there will likely be relatively low liquidity at the exchange when it first opens. There's a heluva lot more fiat in New York than there is bitcoin.


That means it's possible that institutional investors with huge piles of fiat could just market buy and drive the price up quite high.  The Winklevi are probably not going to use their own coins for liquidity, but it remains to be seen. 

one word: Arbitrage...

Google it...

[lyth0s]

What is interesting to speculate about is that there will likely be relatively low liquidity at the exchange when it first opens. There's a heluva lot more fiat in New York than there is bitcoin.


That means it's possible that institutional investors with huge piles of fiat could just market buy and drive the price up quite high.  The Winklevi are probably not going to use their own coins for liquidity, but it remains to be seen. 

one word: Arbitrage...

Google it...

IF market orders were placed on Gemini the arbitrage would be to send bitcoins from other exchanges to Gemini thereby increasing the bitcoin price across the board.

[minerbit hill]

I'm excited because it will generate a lot publicity, a lot of mainstream media I hope. Also because our current exchanges are a mess.

[Mickeyb]

I'm excited because it will generate a lot publicity, a lot of mainstream media I hope. Also because our current exchanges are a mess.

Yes, and a lot of stock exchange type of people that this exchange can draw closer to Bitcoin. This also means that ETFs are much closer to the reality!

[Febo]

I'm excited because it will generate a lot publicity, a lot of mainstream media I hope. Also because our current exchanges are a mess.

I think it will mainly influence USA. It should give a lot publicity in USA. If it will not they will make a big fail. The rest of the world will not bother with it much.
If this would happen in Chine it would be really huge deal.

[avatar_kiyoshi]

Tomorrow!

What is interesting to speculate about is that there will likely be relatively low liquidity at the exchange when it first opens. There's a heluva lot more fiat in New York than there is bitcoin.


That means it's possible that institutional investors with huge piles of fiat could just market buy and drive the price up quite high.  The Winklevi are probably not going to use their own coins for liquidity, but it remains to be seen. 

one word: Arbitrage...

Google it...

New exchanges is the target who wants to do an arbitrage.
the demands for this exchanges is in long queue: http://www.coindesk.com/bitcoin-exchange-gemini-new-york/

So I'm just curious, I know for a fact that they share your personal info like SS# and other things you have to provide them to the government which they can choose to do whatever with.. Doesn't this scare anyone? I know it scares me, and I never do anything illegal with my Bitcoin, just the fact that they have ready access to this makes it feel something shady is going to happen...

The US government already knows your SSN - they're the ones who issued it!

Well it's not just that, but trusting Gemini as a third party that could do whatever they want with that information.. Personal information about you like that is very valuable.

Through Coinbase the gov is already know your identity.

With Gemini now, maybe the gov wants to revealed who is satoshi nakamoto

[melisande]

Much ado about this today is October 8, has the exchange started? Also i can not see the website anywhere.

[LMGTFY]

Much ado about this today is October 8, has the exchange started? Also i can not see the website anywhere.

Opens in a few hours, I think (I'm about 4-5 hours ahead of New York - I've not checked but it must be 7am, 8am in NY).

Here's their website, but their blog is probably more interesting for the next few hours!

[melisande]

Much ado about this today is October 8, has the exchange started? Also i can not see the website anywhere.

Opens in a few hours, I think (I'm about 4-5 hours ahead of New York - I've not checked but it must be 7am, 8am in NY).

Here's their website, but their blog is probably more interesting for the next few hours!

Thank you for sharing this as i almost got lost looking for this in this forum. But why did you say is probably more interesting for the next few hours!

[LMGTFY]

Much ado about this today is October 8, has the exchange started? Also i can not see the website anywhere.

Opens in a few hours, I think (I'm about 4-5 hours ahead of New York - I've not checked but it must be 7am, 8am in NY).

Here's their website, but their blog is probably more interesting for the next few hours!

Thank you for sharing this as i almost got lost looking for this in this forum. But why did you say is probably more interesting for the next few hours!

Aha! Just because there won't be any trading going on until the exchange officially opens! Though I guess if you could rustle up an invite it might be quite interesting to see what the main site looks like (I've not bothered with an invite - I'm not in the US, and I strongly suspect my net wealth is far too low for me to be interesting to Gemini, or for their exchange to be of much use to me).

[avatar_kiyoshi]

Sign up today, but looks like their two-factor authentication for mobile number is not available for all country, although on the option, all country in the list.

Please opt in to be notified when we launch in your country.

[Mickeyb]

It looks like the high was 249.01@bfx, not even 250.

Didn't Coinbase's pump-and-dump get up to 310???

How pathetic is this???

This is the worst thing that could happen to us. What do we need a pump to over a $300 if we gonna fall down flat on our node 7 days later. These pump and dumps are just harming us, when will people going to realize this?

I hope we stay at this level. Maybe that we move $10 more to $255 and that we for a new floor at $250 and that we continue our growth from here!

[Searing]

Gemni absolutely FLAT no volume ..big whoop on launch

sheesh that has to be embarrassing as hell at least the twins coulda seeded some of their own money into the exchange to jump start it

[Kanapka]

One of biggest no news of the year, after so much buzz about it.

At this point I think nothing that is not bigger or equal than the 11/09 attacks will have no effect in prices

[chennan]

One of biggest no news of the year, after so much buzz about it.

At this point I think nothing that is not bigger or equal than the 11/09 attacks will have no effect in prices

Idk, it's only been open for a couple of days and been open for a majority through the weekend... Gemini's effects will be known by the end of this coming up week for sure.  I think it will raise the price by the most, $30-$50 ... not any more or any less.

[freedomno1]

Well till trading volumes pick up its just part of the Hype
On another note were nearing 1 Billion Dollars invested by Venture Capital into Bitcoin and that should be a cause of celebration
http://www.coindesk.com/bitcoin-venture-capital/

[errornone]

what are the advantages of gemini VS coinbase?