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Scooby903 (OP)
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January 16, 2014, 01:03:16 AM |
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I expect major issues like a few weeks ago. People will be please when its actual money disappearing.
Same here...I can only hope they have the hardware to support the insane traffic |
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Scooby903 (OP)
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January 16, 2014, 01:51:37 AM |
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Of course we'd all love to see the prices increase across the board, but what is your opinion on this? I believe only coins with a strong community and that are innovative will truly succeed once this happens. I expect to see rises across the board, but only a relative handful of coins making significant jumps. I'm no economist though, so I thought I'd see how the community felt...
Cryptsy is not going to open any USD market. I also have reservations about it even happening, but they seem to be working towards it...only time will tell. I guess this was more of a hypothetical question  |
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Scooby903 (OP)
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January 16, 2014, 05:17:46 AM |
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Just a little ol' bump |
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tk808
Legendary
 Online
Activity: 1512
Merit: 1124
Invest in your knowledge
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January 16, 2014, 05:25:15 AM |
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Most of you are forgetting 1 major aspect, people have to already own BTC or another alt-coin before entering cryptsy trades.
USD trades will remove that extra step and let the buyers buy alt currencies immediately.
So , wouldn't btc be the biggest loser on this? Because there will be less demand for btc when customers can buy their coins directly with usd. Supposedly, it would see modest gains. Bitcoins will still be highly desirable. Unless cryptsy opens a btc/usd trade. Things will get complex real fast, not to mention security and lag. |
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o24
Newbie
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Activity: 42
Merit: 0
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January 16, 2014, 06:00:21 AM |
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I doubt there would be a USD exchange for all the alts on cryptsy probably only the ones with really high volume.
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Scooby903 (OP)
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January 16, 2014, 06:33:24 AM |
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I doubt there would be a USD exchange for all the alts on cryptsy probably only the ones with really high volume.
I'm thinking if they bring them online, they will likely start out with the more popular coins, I agree. But it would be interesting to see how a USD/NET market would react when opened...I bet the volume increase would be quite substantial |
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noelmal
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January 16, 2014, 06:45:25 AM |
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USD trades will remove that extra step and let the buyers buy alt currencies immediately.
USD will remove the extra step in regulators closing the place down  |
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BitcoinEXpress
Legendary
Offline
Activity: 1210
Merit: 1024
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January 16, 2014, 06:55:03 AM |
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I expect major issues like a few weeks ago. People will be please when its actual money disappearing.
Same here...I can only hope they have the hardware to support the insane traffic  |
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Scooby903 (OP)
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January 16, 2014, 07:01:32 AM |
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I expect major issues like a few weeks ago. People will be please when its actual money disappearing.
Same here...I can only hope they have the hardware to support the insane traffic  |
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mathew564
Newbie
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January 16, 2014, 08:48:35 AM |
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All Alt-Coins jump up in value tremendously.
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Mr.V
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January 16, 2014, 08:52:39 AM |
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not much change... most coins there are crap, a few good ones might rise
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BTC:1NwEE7C2hVLSNGwSrFvsYgTrKddCvfhRwY
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BTCvFiat
Member
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Activity: 112
Merit: 10
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January 16, 2014, 09:11:59 AM |
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Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.
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Tips? Reply/PM or send coins to:
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Scooby903 (OP)
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January 16, 2014, 04:19:13 PM |
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Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.
I am curious to see how they would implement the USD market...certainly wouldn't be a simple switch to be thrown. Like you said, the regulations in place on USD exchanges could stifle growth, but I believe that would only be a temporary setback and they would recover from it fairly quickly. As BTC's popularity/acceptance becomes more mainstream throughout the next year, the masses will start to adopt alts since they won't want to buy in to BTC directly due to the price. If Cryptsy has their act together and gets everything in place properly, it will make for a very interesting year |
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burnum
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January 16, 2014, 04:35:43 PM |
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Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.
Why would there be a mass cash out? The largest holders of coin's already have an avenue for exchanging to fiat. I am sure that the policy will end up similar to coinbase or other exchanges, so anybody that wants to cash out can do it now through those channels, I could be wrong no doubt, if they make it easy with no account verification then I would expect a cashout and crash, but they are registered with FinCEN and so have to abide by certain rules. I have hopes for a small jump in the most popular coins  |
Send me a message if you need me to respond to a post, or just send me some $ADA in an amount that will get my attention = addr1qx7g7vzjtk9mcljxjy0vnewaljk33m67d227d95rsak8mmjdq5erwjygc05l6vftwdzy9qd3t4 9spl5kw5k6684gfawqw9r87w
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Amph
Legendary
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Activity: 3206
Merit: 1069
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January 16, 2014, 04:39:37 PM |
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what will happen? isn't it obvious?
more people will be scammed
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Scooby903 (OP)
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January 16, 2014, 04:58:54 PM |
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what will happen? isn't it obvious?
more people will be scammed
I do feel bad for people that are/were having issues, but I've had no issues with Cryptsy since using them from day one  |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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January 16, 2014, 06:38:18 PM |
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no i don't mean that, i mean more people wil be worthless shit btc clone
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r00tdude
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January 16, 2014, 08:34:03 PM |
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There should be an option for 'Watch the FinCEN agents knock on the door in simulcast'...
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Bitrated user: r00tdude.
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placebo
Legendary
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Activity: 1120
Merit: 1000
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January 16, 2014, 08:46:43 PM |
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A lot of people will start buying ,and coins will fly to the moon. If cryptsy do the right promotions then all coins go move 1000% higher.
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Stick56
Member
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Activity: 68
Merit: 10
Hoping to see another sunrise from home!
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January 16, 2014, 11:14:41 PM |
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I'd try to get more flat of mine in the exchange. Hard as hell to move USD from the US.
It's very simple, actually. Takes about 5 clicks to get USD into BTC What are the steps/clicks? Not trying to be funny but everywhere I look it's like pulling teeth. |
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