Gemini Hits daily volume of 1000btc | Bitcointalksearch.org

Swordsoffreedom

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Quote from: Eastwind on November 04, 2015, 05:50:12 PM

Quote from: HarryKPeters on November 04, 2015, 10:59:29 AM

Quote from: Swordsoffreedom on November 04, 2015, 08:28:53 AM

3000 BTC in volume for a service that has only been out a few weeks is already quite impressive
How much is a bot and how much is real of course can be debated but this is based in New york so i'm sure there is some real volume trading there now on the exchanges either way its already three times the OP volume so not bad.

This is areal milestone for a company just started not long ago. Could be magic...

But let's face it the time they entered the market was very convenient for them. I am wondering what happends when the price will be in decline though..

We will find Gemini's performance in the next few weeks if the price starts to go down.

The price has risen too fast. There should be a correction.

If there is its highly unlikely to be within this week, the price did correct but the volume on Gemini will likely rise.
Part of the reason for that is the increased attention the New York Times Article as this is in the print edition today and may bring in additonal institutional investors in New York or a few more newbies there, so they are in for more fun

Quote from: intristin on November 05, 2015, 02:26:04 AM

Looks like the paper of record is recognizing the price increase and its possible causes.

http://www.nytimes.com/2015/11/05/business/dealbook/value-of-bitcoin-surges-emerging-from-a-lull-in-interest.html?_r=0

(That said when I wrote this their volume was 2120 now)

Eastwind

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Quote from: HarryKPeters on November 04, 2015, 10:59:29 AM

Quote from: Swordsoffreedom on November 04, 2015, 08:28:53 AM

3000 BTC in volume for a service that has only been out a few weeks is already quite impressive
How much is a bot and how much is real of course can be debated but this is based in New york so i'm sure there is some real volume trading there now on the exchanges either way its already three times the OP volume so not bad.

This is areal milestone for a company just started not long ago. Could be magic...

But let's face it the time they entered the market was very convenient for them. I am wondering what happends when the price will be in decline though..

We will find Gemini's performance in the next few weeks if the price starts to go down.

The price has risen too fast. There should be a correction.

HarryKPeters

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Quote from: Swordsoffreedom on November 04, 2015, 08:28:53 AM

3000 BTC in volume for a service that has only been out a few weeks is already quite impressive
How much is a bot and how much is real of course can be debated but this is based in New york so i'm sure there is some real volume trading there now on the exchanges either way its already three times the OP volume so not bad.

This is areal milestone for a company just started not long ago. Could be magic...

But let's face it the time they entered the market was very convenient for them. I am wondering what happends when the price will be in decline though..

Swordsoffreedom

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Activity: 2800

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

3000 BTC in volume for a service that has only been out a few weeks is already quite impressive
How much is a bot and how much is real of course can be debated but this is based in New york so i'm sure there is some real volume trading there now on the exchanges either way its already three times the OP volume so not bad.

AdopterOfCoin

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3000 for a new exchange is very impressive. It is located in New York and regulated by authority. That is just a start. In the future, it could become the largest.

1Referee

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Currently with all the high volumes Gemini is standing at 3000BTC volume which might be low according to some people, but for an exchange that has just started, it's decent. Especially if you consider they only let US custommers use their platform, for now.

Eastwind

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Quote from: defaced on November 03, 2015, 09:13:46 PM

its a great site, nice exchange, the only thing I'm not to fond of is the UI. Its like mtgox and kraken had a love child.

These kind of features will change after they receive some customer feedback.

The most important part of this exchange is that it is regulated. You are protected to some degree. It is not Mt Gox.

defaced

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its a great site, nice exchange, the only thing I'm not to fond of is the UI. Its like mtgox and kraken had a love child.

OrientA

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It is good that the trading volume at Gemini increasing steadily. We will see more volume increase in the future.

ajareselde

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Quote from: rammy2k2 on November 02, 2015, 03:11:47 PM

still, 1000 BTC its a very nice daily voulme, nice work!

Yes it is, especially if you count in the fact that gemini is just recently launched. I'm convinced that it will rise up to be a big trading platform for institutional investors,
being the fully legal exchange. The volume is increasing constantly, now it's just question of is it purely related to this bullrun or are there already that many new investors.

Dissonance

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Now at 3k volume.

rammy2k2

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still, 1000 BTC its a very nice daily voulme, nice work!

hdbuck

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Quote from: OrientA on November 02, 2015, 04:30:46 AM

Quote from: hdbuck on October 28, 2015, 03:03:22 PM

Take 10 btc and trade them back and forth a hundred times a day. Grin

Or is it 100btc 10 tmes a day? Cheesy

The total volume is 1000 bitcoin in the above case. But you have to pay fee in each trade. It is not worth it to trade frequently in fee paying exchange.

you dont pay fees if you *own* the website, or you get them back at least.

Amph

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Quote from: ?? on ??

Quote from: hdbuck on October 31, 2015, 09:07:24 AM

meanwhile, chineese exchange got 3,5+ million btc in weekly volume

By repeat sell & buy activity with 0% trading fee Tongue

Maybe you can buy a lot of bitcoin there without rise bitcoin price there Tongue

still impressive, if you compare it to a mere 2k per day

3.5M is 20k per hour, even if you remove the fake portion of the volume, there is no comparison

OrientA

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Quote from: hdbuck on October 28, 2015, 03:03:22 PM

Take 10 btc and trade them back and forth a hundred times a day. Grin

Or is it 100btc 10 tmes a day? Cheesy

The total volume is 1000 bitcoin in the above case. But you have to pay fee in each trade. It is not worth it to trade frequently in fee paying exchange.

WhatTheGox

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Seems to have dropped of volume again now but the same goes for other exchanges around it. If the bitcoin does rally again it will go back up.

OrientA

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Quote from: ?? on ??

Their trading volume is raise quickly, but still nothing compared to other major exchange.
Their trading volume isn't much different than local exchange in my country for now Roll Eyes

Gemini is still in it's early days, maybe they can become major exchange like bitstamp or bigger.
Too bad it's only for US country Sad

I think the trading volume in Gemini will rise in the future. As Gemini is regulated, more people will trade there due to the protection.

hdbuck

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meanwhile, chineese exchange got 3,5+ million btc in weekly volume

gentlemand

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Welt Am Draht

Quote from: ?? on ??

Their trading volume is raise quickly, but still nothing compared to other major exchange.
Their trading volume isn't much different than local exchange in my country for now Roll Eyes

Gemini is still in it's early days, maybe they can become major exchange like bitstamp or bigger.
Too bad it's only for US country Sad

Considering it isn't in all US states yet I guess it still qualifies as a local exchange. I thought they were going for the Itbit model which bypassed state level stuff and was instantly available everywhere. It seems like a strange oversight on their part.

hdbuck

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Quote from: crazyivan on October 30, 2015, 03:34:05 PM

Quote from: OrientA on October 30, 2015, 11:17:13 AM

The volume is over 2300 now. Gemini is doing very well. The recent price rise might be related to the open of Gemini. Wall Street client will tend to use Gemini more than other exchanges.

This.

Wall Street is the key. This is why having a fully compliant exchange is EXTREMELY important. Let us see how high can it go.

~~statist~~ wallstreetist Tongue

Topic: Gemini Hits daily volume of 1000btc (Read 2641 times)