Gemini's launch is a failure, so is bitcoin

[Ninjahitoko]

Bitcoin flourishes when the markets are down. Like during the 2009 recession the markets were down and Bitcoin took off.

[yolalanda]

Bitcoin flourishes when the markets are down. Like during the 2009 recession the markets were down and Bitcoin took off.

>2009
When the price is 0 (zero), the only way is up

[gentlemand]

Bitcoin flourishes when the markets are down. Like during the 2009 recession the markets were down and Bitcoin took off.

That's yet to be seen. Life has been pretty sweet for the markets overall ever since then even if it has been largely an artificial creation. Bitcoiners may get a rude shock in a genuine meltdown. Putting food on the table is rather more important to most people than a possible future success.

[LFC_Bitcoin]

Just wanted to point out that Gemini has kept up with the other exchanges in this recent jump from about 245 to 248. Great to see.

Gemini is operating exactly how it should be. Volume is only a matter of time.

Hmmm I hope they grow & get a lot more volume. I guess we just have to wait & see but I'm pretty disappointed by them atm. I dont't know exactly what I expected but I expected more.

The price didn't move at all, even Coinbase got a little pump. Gemini didn't even cause a ripple.

[BitChick]

Just wanted to point out that Gemini has kept up with the other exchanges in this recent jump from about 245 to 248. Great to see.

Gemini is operating exactly how it should be. Volume is only a matter of time.

Hmmm I hope they grow & get a lot more volume. I guess we just have to wait & see but I'm pretty disappointed by them atm. I dont't know exactly what I expected but I expected more.

The price didn't move at all, even Coinbase got a little pump. Gemini didn't even cause a ripple.

Some people are saying that their deposits haven't been cleared yet.  Why it takes so stinking long for the banks to clear payments is beyond me.  I guess that is why the world needs Bitcoin.

[gentlemand]

Some people are saying that their deposits haven't been cleared yet.  Why it takes so stinking long for the banks to clear payments is beyond me.  I guess that is why the world needs Bitcoin.

Yup. Plenty of griping out there. America may lead the world when it comes to plenty of things. When it come to banking it's just about crawled out of the primeval ooze while the rest of the world is already in space. If we had a proper exchange in the UK I'd be disgusted if it took longer than five minutes for the deposit to show up from my bank account.

[BitChick]

Some people are saying that their deposits haven't been cleared yet.  Why it takes so stinking long for the banks to clear payments is beyond me.  I guess that is why the world needs Bitcoin.

Yup. Plenty of griping out there. America may lead the world when it comes to plenty of things. When it come to banking it's just about crawled out of the primeval ooze while the rest of the world is already in space. If we had a proper exchange in the UK I'd be disgusted if it took longer than five minutes for the deposit to show up from my bank account.

Well, if the UK had an exchange I would expect it to be more "proper" for sure. 

[yolalanda]

Some people are saying that their deposits haven't been cleared yet.  Why it takes so stinking long for the banks to clear payments is beyond me.  I guess that is why the world needs Bitcoin.

Yup. Plenty of griping out there. America may lead the world when it comes to plenty of things. When it come to banking it's just about crawled out of the primeval ooze while the rest of the world is already in space. If we had a proper exchange in the UK I'd be disgusted if it took longer than five minutes for the deposit to show up from my bank account.

My bet's those deposits that 'haven't cleared yet' are simply face-saving fiction.  After all the hype about 'institutional investors waiting in the wings to buy bit coins,' gotta come up with some sort of excuse, no matter how flimsy, to rationalize the *total* absence of aforementioned, and *complete* lack of interest

[BitChick]

Some people are saying that their deposits haven't been cleared yet.  Why it takes so stinking long for the banks to clear payments is beyond me.  I guess that is why the world needs Bitcoin.

Yup. Plenty of griping out there. America may lead the world when it comes to plenty of things. When it come to banking it's just about crawled out of the primeval ooze while the rest of the world is already in space. If we had a proper exchange in the UK I'd be disgusted if it took longer than five minutes for the deposit to show up from my bank account.

My bet's those deposits that 'haven't cleared yet' are simply face-saving fiction.  After all the hype about 'institutional investors waiting in the wings to buy bit coins,' gotta come up with some sort of excuse, no matter how flimsy, to rationalize the *total* absence of aforementioned, and *complete* lack of interest

Yesterday was a bank holiday here in the US so I am not sure.  Time will certainly tell.

[Q7]

Just because the price did not shoot up way you expected, then it's a total failure? No. Fact is people these days are only interested in quick gains and nothing else, whether the core concept or technology means anything. But what I believe is fundamentals. Whether you have an etf that turns out a failure or success, is not going to change that

[pitham1]

What's the next excuse? ETF? i am 100% sure it will be a failure too.

No one wants your sinking bags, better sell fast.

My bet's those deposits that 'haven't cleared yet' are simply face-saving fiction.  After all the hype about 'institutional investors waiting in the wings to buy bit coins,' gotta come up with some sort of excuse, no matter how flimsy, to rationalize the *total* absence of aforementioned, and *complete* lack of interest

I wonder why all these posts are made by newbies with their first post. 
Maybe it is because they can abandon these accounts when the price starts shooting up again.

[lemipawa]

how can you judge already that Gemini is a fail when it's recently launched?
give it more time and let more people see how Gemini will perform in the coming months

[yolalanda]

how can you judge already that Gemini is a fail when it's recently launched?
give it more time and let more people see how Gemini will perform in the coming months

You're right, in a way.  Nothing wrong with Gemini--reasonable trading fees, US based (not in Kurdistan/Somalia/Mom's basement), known people backing it (as in "not Anon & Nony"), banking support, insured, regulated, etc., etc. What else can anyone want?
And yet... Dead.
People not flocking to Gemini proves what many have been telling you for years: exchanges fake volume.  But not just tweak it a bit, not just Chinese exchanges, not just 'a few' exchanges, and not just sometimes--all exchanges, most of the volume, all the time.
Gemini can't [fake volume] because regulated & unwilling to play fast & loose, so seems dead

[Fiat_Hodler]

how can you judge already that Gemini is a fail when it's recently launched?
give it more time and let more people see how Gemini will perform in the coming months

You're right, in a way.  Nothing wrong with Gemini--reasonable trading fees, US based (not in Kurdistan/Somalia/Mom's basement), known people backing it (as in "not Anon & Nony"), banking support, insured, regulated, etc., etc. What else can anyone want?
And yet... Dead.
People not flocking to Gemini proves what many have been telling you for years: exchanges fake volume.  But not just tweak it a bit, not just Chinese exchanges, not just 'a few' exchanges, and not just sometimes--all exchanges, most of the volume, all the time.
Gemini can't [fake volume] because regulated & unwilling to play fast & loose, so seems dead

I think you're mostly right but I dont think "all " exchanges fake their volumes. Most would seem to be a more appropriate term.

[LMGTFY]

how can you judge already that Gemini is a fail when it's recently launched?
give it more time and let more people see how Gemini will perform in the coming months

You're right, in a way.  Nothing wrong with Gemini--reasonable trading fees, US based (not in Kurdistan/Somalia/Mom's basement), known people backing it (as in "not Anon & Nony"), banking support, insured, regulated, etc., etc. What else can anyone want?
And yet... Dead.
People not flocking to Gemini proves what many have been telling you for years: exchanges fake volume.  But not just tweak it a bit, not just Chinese exchanges, not just 'a few' exchanges, and not just sometimes--all exchanges, most of the volume, all the time.
Gemini can't [fake volume] because regulated & unwilling to play fast & loose, so seems dead

How does people not flocking to Gemini prove that exchanges fake volume?

I'm pretty certain some exchanges do fake volume, but I'm at a loss to see how action at Gemini (or the lack thereof) proves anything. I think Gemini is a great development for Bitcoin but I'm not going to trade there anytime soon - and my reasons have absolutely nothing to do with volume, fake or otherwise, at Gemini or elsewhere. There's inertia associated with moving exchange - why should people move from an exchange they're comfortable with (where they've either managed to avoid the AML/KYC hoops or they've already jumped through them once and would prefer not to do it again at a new exchange) unless there's a compelling reason? There's hopefully money out there that wants the safety and security of a heavily regulated exchange - but I doubt there's significant overlap between that and money already on unregulated/less-regulated exchanges.

[doublemore]

Just wanted to point out that Gemini has kept up with the other exchanges in this recent jump from about 245 to 248. Great to see.

Gemini is operating exactly how it should be. Volume is only a matter of time.

Exactly i dont know why people were expecting tons of volume this early.  Gemini offers maybe a more legit way for people untrusting of other bitcoin trading platforms to get involved.

[dre1982]

Damn they just startup. Why people think the price would raise to the moon after the launch? Just give it some time. It's a good thing Gemini is started up. It's to fast to say it a complete failure.

[Swordsoffreedom]

One or two weeks does not make an exchange
It needs time to grow and develop like any ecosystem the fact it has name recognition goes a long way towards that but trading volumes are still small for good reason.
A far to early call on it and it could still be a stepping stone towards larger projects.

[1Referee]

It's better to see an exchange show its real volume rather than turning 100btc real volume into 2000btc fake volume like Chinese exchanges do. People here nowadays are too spoiled. Holding Bitcoin is considered boring, while in fact it is not. People compare volumes to fake Chinese volumes, while in fact they are 10-20 times less than what they show. Face the reality and you'll be fine.

[Denker]

Just because the price did not shoot up way you expected, then it's a total failure? No. Fact is people these days are only interested in quick gains and nothing else, whether the core concept or technology means anything. But what I believe is fundamentals. Whether you have an etf that turns out a failure or success, is not going to change that

These are the right words. Thinking long term and having absolutely faith in the concept and technology of the Bitcoin Blockchain. I'm also checking more the fundamentals than the actual price.
Guys who are interested in a quick buck aren't here because of crypto. They are here for fiat money gainings.
I will give the winkle twinkle boys give some time to let their business thrive and evolve. Let's see what they will look like in 12 months.Then we can start complaining if nothing happened.