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Topic: Gemini failed, they said. Bitcon will not go up, they said. GOAL: 500$ (Read 2505 times)

legendary
Activity: 1204
Merit: 1000
So far, the Gemini exchange is a big yawn.  See Winklevoss Exchange Gemini Struggling to Win Bitcoin Traders. All the recent publicity on Fox News, etc. seems to have not done much for them, although Bitcoin did go up about $10.

Gemini may have to lower their rates to be competitive.
legendary
Activity: 1246
Merit: 1000
gemini helps bitcoin enter Wall Street.

i don't want this.

OK, not sure I agree, but what realistically can prevent it? How would the Bitcoin network prevent big finance from purchasing BTC?

It can't and it shouldn't. How do you use a currency when all business and industry entering it is viewed as suspicious? What else is the point of money but to conduct business?
hero member
Activity: 644
Merit: 502
gemini helps bitcoin enter Wall Street.

i don't want this.

OK, not sure I agree, but what realistically can prevent it? How would the Bitcoin network prevent big finance from purchasing BTC?
legendary
Activity: 1512
Merit: 1011
gemini helps bitcoin enter Wall Street.

i don't want this.
legendary
Activity: 896
Merit: 1000
I think it's quite unfair to say that Gemini will fail given it has only been launched in less than a month. As long as trade volume is picking up and moving on the uptrend, I believe overall this will have positive effect on bitcoin price. Only time will tell. And 500 seems to be a modest and achievable target. I was aiming for that as well.

it had quite a decent volume yesterday. it has now dropped to 115btc for their 24 hour volume. it simply needs time. if after a few months their daily volume still isn't above 200-500btc on average then there simply isn't enough demand for their exchange.
Q7
sr. member
Activity: 448
Merit: 250
I think it's quite unfair to say that Gemini will fail given it has only been launched in less than a month. As long as trade volume is picking up and moving on the uptrend, I believe overall this will have positive effect on bitcoin price. Only time will tell. And 500 seems to be a modest and achievable target. I was aiming for that as well.
full member
Activity: 140
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
gemini helps bitcoin enter Wall Street. It is regulated, so the Wall Street big financial companies will trade there.
legendary
Activity: 2464
Merit: 1145
If you look at this charthttps://cryptowat.ch/gemini/btcusd/1day you will see a huge increase in gemini volume almost every day. I think if everyone buys in early, you and me can be very very rich.
I also think that most part f the money that left bitcoin in the past two years sill in the exchanges or in any case in the bitcoiners' ownership. Iff that money, together with the new inflow in gemini and by new users wei will have a happy new year.
You buy the first 20.999.999 btc and i will buy the last one.
Trillionairs tommorow!!!!!!!1111111oneoneone
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Yes, I agree. Let's hold our horses for a second here. Nobody can still say with any certainty what this is. Is it a mere manipulation or a start of the trend reversal?

I do agree that Gemini certainly had a nice influence on this rise. Even though they don't have great volumes there at the moment, Gemini was a sign to the big institutional players that Bitcoin is definitely a go!

Volume speaks for itself. Look at it. No such green volume has happened since the last bubble. Something is going on, I tell you h'wat. The feds might be pumping the price before the auction, but either way, something strange is going on and it's bullish. Think of it like that --- most of the time, bitcoin's price is falling from its last ATH. When it's not falling, it is usually in a bubble. Right now we have stopped falling. From the latter we can deduce that it must be the beginning of the next bubble.



I definitely hope that this is a sign of a trend reversal and new bubble beginning. Now I was thinking about the halving, but it's still a bit early to see the effects of halving maybe. Then people are saying that these are the Chinese and their capital controls problem that their people are trying to avoid.

I don't know, but I agree, something is definitely pushing us up and I am not complaining!
legendary
Activity: 1442
Merit: 1014
It is interesting that you are calling Gemini a fail even though this exchange is not older than a month!
People, do you seriously believe that just because we have new trustworthy bitcoin exchange price of btc should skyrocket?

Good old human nature of being not able to show any patience I would say.Quick money is what many want.
I totally agree that first of all Gemini should be given some time to grow and then we can discuss about being successful or not and secondly we have so many exchanges out there now that Gemini for now is nothing what can bring big changes in Bitcoin's price.But this could change in the future when big institutional customers start to use it and the ETF finally is available for interested.
legendary
Activity: 2114
Merit: 1013
Yes, I agree. Let's hold our horses for a second here. Nobody can still say with any certainty what this is. Is it a mere manipulation or a start of the trend reversal?

I do agree that Gemini certainly had a nice influence on this rise. Even though they don't have great volumes there at the moment, Gemini was a sign to the big institutional players that Bitcoin is definitely a go!

Volume speaks for itself. Look at it. No such green volume has happened since the last bubble. Something is going on, I tell you h'wat. The feds might be pumping the price before the auction, but either way, something strange is going on and it's bullish. Think of it like that --- most of the time, bitcoin's price is falling from its last ATH. When it's not falling, it is usually in a bubble. Right now we have stopped falling. From the latter we can deduce that it must be the beginning of the next bubble.

legendary
Activity: 1862
Merit: 1004
It is interesting that you are calling Gemini a fail even though this exchange is not older than a month!
People, do you seriously believe that just because we have new trustworthy bitcoin exchange price of btc should skyrocket?
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Bitcoin bubble 2015. It has begun.

Let's don't get too euphoric! We have seen two upward movements too $300 this year already but weren't able to hold it.
Of course I hope as well we could see a longer run and break this 300 level finally.


Yes, I agree. Let's hold our horses for a second here. Nobody can still say with any certainty what this is. Is it a mere manipulation or a start of the trend reversal?

I do agree that Gemini certainly had a nice influence on this rise. Even though they don't have great volumes there at the moment, Gemini was a sign to the big institutional players that Bitcoin is definitely a go!
legendary
Activity: 1442
Merit: 1014
Bitcoin bubble 2015. It has begun.

Let's don't get too euphoric! We have seen two upward movements too $300 this year already but weren't able to hold it.
Of course I hope as well we could see a longer run and break this 300 level finally.
legendary
Activity: 3206
Merit: 1069
nah i'm not buying all of this, we have seen too many time the same pattern, it will stop near 300 as usual

wake me up when we actually break the last ath, then we can talk
E
full member
Activity: 234
Merit: 100
legendary
Activity: 2114
Merit: 1013
Bitcoin bubble 2015. It has begun.
legendary
Activity: 2170
Merit: 1427
Those who said Gemini has failed are losers. They simply don't understand how things work and that it cost time to build volume and get in more and more traders. Let them say whatever they want. No one is valuing their opinion.
newbie
Activity: 56
Merit: 0
As for the timing of your post (you haven't sold yet?!):

Why? Because of a price correction? It's part o every uptrend...

Sure, just like the price correction from $1200 (which is still not fully correctededed) Undecided

@cellard, I remember when 56% of Bitcoiners Believed the Bitcoin Price Will Reach $10k in 2014 Cheesy

damn right you remember, that's why you made a newbie account, because your old account was so full of truth, the forum can't even handle it.

$10k was a reasonable target for 2014, bitcoin is currently just massively undervalued. Take advantage of that fact.

Or don't, either way is fine with me. But don't come crying to me when bitcoin finally DOES correct itself to its true value.

You embarrass me, Friend!
My other account was selling you coin at the end of the last blatantly obvious bubble last time Bitcoin was disruptively blitzkrieging to teh mathematically-assured $10,000 (due to network effect and other irrefutable facts).
Don't want the shrewd investors who bought my undervalued coins to track me down and lynch thank me.
I'm scaird too humble and shy.
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