N12 (OP)
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Activity: 1610
Merit: 1010
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January 25, 2015, 10:29:13 PM |
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With the advent of two professional exchanges by the Winklevosses and Coinbase (which opens up tomorrow), people will finally be able to trust Bitcoin exchanges not to scam them out of their money or do blatant inside trading.
People will feel much more comfortable sending money to regulated exchanges run by people who know what they're doing and backed by venture capitalists (remember that NYSE recently invested in Coinbase) with a big stake in Bitcoin. The amateur exchanges will either professionalize or be left in the dust.
In my view, this may well be the biggest news story in a long time.
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 25, 2015, 10:32:07 PM |
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This is the best news I've heard in a very long time. It's time for the current exchanges to shape up or GTFO
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criptix
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Activity: 2464
Merit: 1145
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January 25, 2015, 10:34:34 PM |
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Bullish
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Bernard Lerring
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January 25, 2015, 10:35:10 PM |
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Would an influx of wealthy traders who can finally trust an exchange to handle hundreds of BTC in their account at a time mean that there are greater price swings?
Or would the resultant (presumed) rise in BTC value cause it to become more stable?
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xDan
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January 25, 2015, 10:37:52 PM |
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DID SOMEBODY SAY MOOON!?!?!?
In all seriousness though it's quite legitimising news.
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HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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Teppino
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Activity: 139
Merit: 100
bitcoin hates walls
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January 25, 2015, 10:38:00 PM |
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Amen!
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YEAROFBULL15
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Activity: 16
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January 25, 2015, 10:48:00 PM
Last edit: January 25, 2015, 10:59:34 PM by YEAROFBULL15 |
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I've finally joined this forum because this news excites me
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oda.krell
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Activity: 1470
Merit: 1007
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January 25, 2015, 10:50:22 PM |
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Can I sign up somewhere, to be first in line when they open?
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Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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January 25, 2015, 10:53:59 PM |
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2015 is the year of Bitcoin rebirth. It will be exciting to see what happens to volume and prices once the new exchanges are open.
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oda.krell
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Activity: 1470
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January 25, 2015, 10:56:18 PM |
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Bullish
That's not even the biggest part, in my opinion. "Bullish" implies it will increase market price by some amount. Sure, that's great. But if it works out as intended, for traders it means their counter party risk will be drastically lower. That's huge. New classes of traders and/or investors will be able to join, that simply never had any interest in our little amateur market until now. (1)(1) Sidenote: that doesn't mean they will pump price straight up. That's not how the professionalization of trading works, not at all. But it *does* in all likelihood mean liquidity increases, volatility will (slowly, over time) decrease, and Bitcoin will become more useful as an all-around currency. |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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nakaone
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January 25, 2015, 10:59:41 PM |
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as written in the winklevoss exchange.
one of the most legitimate critiques on btc is the bottleneck problem as the way btc interoperates with the fiat world.
having an exchange, which is trustable due to regulation minimizes this problem. we will probably see another group of traders and investors when this exchange lifts off.
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Bernard Lerring
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January 25, 2015, 11:06:33 PM |
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These last few posts contain some good points and I'd like to add that regulation should shake off the blackmarket/drugs image associated with Bitcoin once the super rich get trading, perhaps making it more appealing to God-fearing, law abiding middle America.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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January 25, 2015, 11:06:48 PM |
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With the advent of two professional exchanges by the Winklevosses and Coinbase (which opens up tomorrow), people will finally be able to trust Bitcoin exchanges not to scam them out of their money or do blatant inside trading.
People will feel much more comfortable sending money to regulated exchanges run by people who know what they're doing and backed by venture capitalists (remember that NYSE recently invested in Coinbase) with a big stake in Bitcoin. The amateur exchanges will either professionalize or be left in the dust.
In my view, this may well be the biggest news story in a long time.
People as Americans, I guess? |
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BldSwtTrs
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Activity: 861
Merit: 1010
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January 25, 2015, 11:07:07 PM |
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What about Buttercoin? They sounds like a decent US exchange.
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criptix
Legendary
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Activity: 2464
Merit: 1145
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January 25, 2015, 11:08:08 PM |
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Bullish
That's not even the biggest part, in my opinion. "Bullish" implies it will increase market price by some amount. Sure, that's great. But if it works out as intended, for traders it means their counter party risk will be drastically lower. That's huge. New classes of traders and/or investors will be able to join, that simply never had any interest in our little amateur market until now. (1)(1) Sidenote: that doesn't mean they will pump price straight up. That's not how the professionalization of trading works, not at all. But it *does* in all likelihood mean liquidity increases, volatility will (slowly, over time) decrease, and Bitcoin will become more useful as an all-around currency. that is why i actually used the bigger size font, which happened so far like 3 times of my history here  i agree that we wont necessarily see a pump in price but for the longterm it is definitly huge by all means. it creates alot of safety for possible influx of money. |
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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January 25, 2015, 11:08:12 PM |
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What about Buttercoin? They sounds like decently serious US exchange.
It's not about geography, it's about legitimacy of those that run it. |
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hector3115
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January 26, 2015, 12:45:53 AM |
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This is huge, the OP title says it all.
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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January 26, 2015, 01:19:34 AM |
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dear OP: nope
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Melbustus
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Activity: 1722
Merit: 1003
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January 26, 2015, 01:27:30 AM |
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dear OP: nope
OP is very likely correct. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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jaberwock
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Activity: 2548
Merit: 1073
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January 26, 2015, 01:30:54 AM |
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It alone is enough to make the last ATH appears ridiculous.
Hope it spread to the rest of the world
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