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Author Topic: [2014-02-07] SecondMarket Takes First Step to Becoming a US Bitcoin Exchange  (Read 581 times)
LiteCoinGuy (OP)
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February 07, 2014, 07:35:07 PM
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SecondMarket Takes First Step to Becoming a US Bitcoin Exchange

http://www.coindesk.com/secondmarket-takes-first-step-to-becoming-us-exchange-with-new-seller-service/

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February 08, 2014, 01:41:09 AM
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The article exaggerates a little because they are buying bitcoins but not selling them according to the site that it links. They need to buy bitcoins to obtain assets for their fund, so it makes sense. Perhaps they were buying on Mt Gox before and now they can't.

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February 08, 2014, 01:59:41 AM
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SecondMarket makes a very wise move.

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February 08, 2014, 02:52:33 AM
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The article exaggerates a little because they are buying bitcoins but not selling them according to the site that it links. They need to buy bitcoins to obtain assets for their fund, so it makes sense. Perhaps they were buying on Mt Gox before and now they can't.

Thats even better. Ppl whos serious about "cashing out" they would have sold to SecondMarket.

Otherwise, all the "dumps" on the exchanges are purely manipulations.... hoping to buy back lower. Its like musical chair game. Zero sum game at its best.
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February 08, 2014, 07:44:31 AM
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The article exaggerates a little because they are buying bitcoins but not selling them according to the site that it links. They need to buy bitcoins to obtain assets for their fund, so it makes sense. Perhaps they were buying on Mt Gox before and now they can't.

Anyway, buying and selling bitcoins doesn't make you an exchange. Coinbase is not an exchange, for example.

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