Gemini opens 08 Oct for trading!!

[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.