Topic: Bitcoin Exchanges: Amateur hour is over - page 2. (Read 2689 times)
What about Buttercoin? They sounds like a decent US exchange.
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 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?
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.
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.
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.
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.
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.
Can I sign up somewhere, to be first in line when they open?
I've finally joined this forum because this news excites me
Amen!
DID SOMEBODY SAY MOOON!?!?!?
In all seriousness though it's quite legitimising news.
In all seriousness though it's quite legitimising news.
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?
Or would the resultant (presumed) rise in BTC value cause it to become more stable?
Bullish
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
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 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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