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Author Topic: Bitcoin getting a brand new New York based exchange !  (Read 1309 times)
toknormal
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February 25, 2014, 05:29:37 PM
 #1

Here we go.

$20 million being invested no less.

http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/?hpt=hp_bn1

EDIT: (Oops, I forgot to add the obligatory "to da moon !")
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jcoin200
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February 25, 2014, 06:10:55 PM
 #2

Wow, for the first time I think "to da moon" may be accurate.  I mean, if this exchange can operate legitimately without withdrawal issues like BTC-e & Gox, then it could really draw people into bitcoin.  I dont think BTC will be rising short term (next few months) but it looks promising for the end of the year
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February 25, 2014, 06:25:46 PM
 #3

Not approved yet by the board (meeting next week). Looks very promising though!
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February 25, 2014, 11:53:15 PM
 #4

Here we go.

$20 million being invested no less.

http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/?hpt=hp_bn1

EDIT: (Oops, I forgot to add the obligatory "to da moon !")


To da moon!

Great news! Very nice exchange! Better than Mtgox:D (we will see)


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@roslinpl

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@roslinpl
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February 25, 2014, 11:57:06 PM
 #5

Wow, for the first time I think "to da moon" may be accurate.  I mean, if this exchange can operate legitimately without withdrawal issues like BTC-e & Gox, then it could really draw people into bitcoin.  I dont think BTC will be rising short term (next few months) but it looks promising for the end of the year

Quote
SecondMarket CEO Barry Silbert says that he's modeling it after the early days of The IntercontinentalExchange (ICE), and that he hopes to have a set of founding members in place by the end of March (i.e., a "seat" model). These members are expected to include Wall Street banks and well-funded Bitcoin startups (think Circle and Coinbase). Non-member firms or individuals would not be allowed to trade -- at least at the outset -- but likely could do business via the member firms.
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March 12, 2014, 11:23:16 AM
 #6

Dont know why you are happy?
they are market makers !
they will squeeze little John out of game -
 How ?
most likely by pushing price down on their private exchange (lets say to 100 or 50 USD with high volume) - - John-s around world will panic sell, market makers will be slowly silently buying in to the moment they will control like 30 % of BTCs.
If this wil not work the way they like - they will hack (or buyout) one more big exchange and say they have higher prices since they are not secure ( and with 250 mio you can hack everybody (even FBI if you want to)
Just little question if MtGox make BTC to fall 30 % - how much Bitstamp crash (or better say buyout) would cause (2nd in a row in short time ) - I believe like 70-90 % is reasonable fall in this case.
If hack is not option, they (market makers with help of US gov.) - will create political pressure on EU and others to regulate BTC big time.(and of course, they(big boys) will be just fine on wild west)

and when competition is out, they will rise boom to over 1000 maybe 5000 USD (and they will nicely open ex. for little John to buy their BTCs at top) - and then game over
USA and big boss wins twice, again  

science fiction ? maybe , but only time will tell
roslinpl
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March 12, 2014, 11:36:58 AM
 #7

Dont know why you are happy?
they are market makers !
they will squeeze little John out of game -
 How ?
most likely by pushing price down on their private exchange (lets say to 100 or 50 USD with high volume) - - John-s around world will panic sell, market makers will be slowly silently buying in to the moment they will control like 30 % of BTCs.
If this wil not work the way they like - they will hack (or buyout) one more big exchange and say they have higher prices since they are not secure ( and with 250 mio you can hack everybody (even FBI if you want to)
Just little question if MtGox make BTC to fall 30 % - how much Bitstamp crash (or better say buyout) would cause (2nd in a row in short time ) - I believe like 70-90 % is reasonable fall in this case.
If hack is not option, they (market makers with help of US gov.) - will create political pressure on EU and others to regulate BTC big time.(and of course, they(big boys) will be just fine on wild west)

and when competition is out, they will rise boom to over 1000 maybe 5000 USD (and they will nicely open ex. for little John to buy their BTCs at top) - and then game over
USA and big boss wins twice, again  

science fiction ? maybe , but only time will tell


Sci-Fi Man Tongue Tongue Time will show as you say indeed this is true.

And perhaps you are 20% right - "John-s around world will panic sell, market makers will be slowly silently buying in to the moment they will control like 30 % of BTCs. "

We do not need John anymore Smiley


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@roslinpl

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@roslinpl
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March 12, 2014, 10:25:25 PM
 #8

Quote
Non-member firms or individuals would not be allowed to trade
avw1982
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January 13, 2016, 08:48:00 AM
 #9

Wow, for the first time I think "to da moon" may be accurate.  I mean, if this exchange can operate legitimately without withdrawal issues like BTC-e & Gox, then it could really draw people into bitcoin.  I dont think BTC will be rising short term (next few months) but it looks promising for the end of the year
Wow that sounds great to hear the New York based Exchange. Soon most of the people get attention to it. There are possibilities to generate additional outlets in other countries if it gets higher number of customers than what they have targeted. Bitcoin keeps growing
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January 13, 2016, 03:14:51 PM
 #10

You got me there bumping a two year old post.

Jetty plays Fibonacci music in the Jet Cash coffee lounge thread.
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January 13, 2016, 07:05:57 PM
 #11

So this is a two yeard old post? what happened with this company? Did it make the market go to the moon at least for some time or what?

Just curious.

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