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Topic: Gemini's launch and impact on Bitcoin price - page 2. (Read 5200 times)

hero member
Activity: 798
Merit: 1000
Move On !!!!!!

Because banks take days to transfer money.  How do you buy Bitcoin on an exchange the day the exchange opens if your money won't get there till 3 days later o_O

That's a damn good point, hopefully there's life in this thing yet. I have to be honest I was expecting a pump based on Gemini opening for business. Patience is key then maybe.

I'm glad that this did not happen.That what have been pretty sure a buy the rumor and sell the news case.
Give Gemini some time and let us see how it will develop. Furthermore I believe real action there will take place when their ETF will launch. Until then I expect nothing big.

Yes, why the hell a pump? Don't we realize that these pumps and then unavoidable dumps are just making us harm as a community. I am glad that we learned something from the Coinbase pump and dump and that the same mistake hasn't been repeated.

After all, just one exchange has opened up, an exchange that can't give immediate results but it will give results definitely in a long run.
legendary
Activity: 1442
Merit: 1016

Because banks take days to transfer money.  How do you buy Bitcoin on an exchange the day the exchange opens if your money won't get there till 3 days later o_O

That's a damn good point, hopefully there's life in this thing yet. I have to be honest I was expecting a pump based on Gemini opening for business. Patience is key then maybe.

I'm glad that this did not happen.That what have been pretty sure a buy the rumor and sell the news case.
Give Gemini some time and let us see how it will develop. Furthermore I believe real action there will take place when their ETF will launch. Until then I expect nothing big.
sr. member
Activity: 253
Merit: 252
Has trading been stopped for the last 11 hours on Gemini, or have there just been o trades made? I can't find any trades for the last 11 hours. It must be open 24 hours a day because all the other exchanges are, and it couldn't compete if it didn't do the same. I looked on the Gemini twitter and it says nothing about a halt in trading.
hero member
Activity: 518
Merit: 500
Yesterday the volume there was 30BTC - https://cryptowat.ch/gemini/btcusd/1day - does not look serious.

Because banks take days to transfer money.  How do you buy Bitcoin on an exchange the day the exchange opens if your money won't get there till 3 days later o_O

Because the exchange was open for many days before, only TRADING started officially yesterday. People had plenty of time to fund their accounts. Gemini is the flop of the year.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino

Because banks take days to transfer money.  How do you buy Bitcoin on an exchange the day the exchange opens if your money won't get there till 3 days later o_O

That's a damn good point, hopefully there's life in this thing yet. I have to be honest I was expecting a pump based on Gemini opening for business. Patience is key then maybe.
sr. member
Activity: 290
Merit: 250
Yesterday the volume there was 30BTC - https://cryptowat.ch/gemini/btcusd/1day - does not look serious.

Because banks take days to transfer money.  How do you buy Bitcoin on an exchange the day the exchange opens if your money won't get there till 3 days later o_O
A lot of people got an invite earlier, were they not able to transfer money?
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Hello everyone,

will, in your opinion, the launch of Gemini Exchange will have an impact on the Bitcoin price?

Pending Wall Street investors and capital in the launch
So perhaps if enough big capital latches onto them.

IT Will of course need to be linked to their ETF pending approval.
legendary
Activity: 1260
Merit: 1000
Yesterday the volume there was 30BTC - https://cryptowat.ch/gemini/btcusd/1day - does not look serious.

Because banks take days to transfer money.  How do you buy Bitcoin on an exchange the day the exchange opens if your money won't get there till 3 days later o_O
full member
Activity: 238
Merit: 100
Got any relationship with bitcoin??
What I can see is related with science and USA dollar.

staff
Activity: 3500
Merit: 6152
Yesterday the volume there was 30BTC - https://cryptowat.ch/gemini/btcusd/1day - does not look serious.

The volume should be logically related to the users numbers and how much they want to trade , compared to other exchange Gemini only allow USA residents to register as far as I know and the others are worldwide so .. that's why I assume
sr. member
Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
Yesterday the volume there was 30BTC - https://cryptowat.ch/gemini/btcusd/1day - does not look serious.

Just give it a week. The early to say after 1 day that it isn't serious. Give the twins a week or two to let it work out.
zby
legendary
Activity: 1592
Merit: 1001
Yesterday the volume there was 30BTC - https://cryptowat.ch/gemini/btcusd/1day - does not look serious.
legendary
Activity: 896
Merit: 1000
as expected nothing has happened to the price. i rather have this than people pumping the price hoping for fireworks and then start dumping as they get disappointed as nothing happened.
hero member
Activity: 891
Merit: 500
Exciting days ahead, one way or the other.
hero member
Activity: 518
Merit: 500
Hello everyone,

will, in your opinion, the launch of Gemini Exchange will have an impact on the Bitcoin price?

There's already many thread that are exactly similar to this thread, except they were well thought out, provide links and contribute something to the intellectual conversation that you're pretending to demand.. However I wouldn't expect much an impact, but possibly a slight bump up which would be only artificial, temporarily.
legendary
Activity: 1834
Merit: 1009
No effect so far, good or bad.

I think not much people will go for Gemini because of all docs required for sign-up
legendary
Activity: 1946
Merit: 1137
Gemini is just an exchange service. it can not have that big a effect on bitcoin price just by starting their service. it seems to be legit and with the license in NY but i don't see any of these a reason for price of bitcoin going up.
it goes up if they decide to pull a gox Smiley
full member
Activity: 196
Merit: 100
I guess either no one has any funds on there yet or there is no liquidity yet or it was a failure and no one signed up (would hurt to have paid for all their licencing fees and flopped).

IF they are a flop they should somehow sublease their licences to small traders. It is too difficult for small traders to get licences on a state level so this might actually be a good business model.
legendary
Activity: 1260
Merit: 1116
Anybody beat me to the *crickets* thing? I'm too ambivalent to look back. Sad
legendary
Activity: 1092
Merit: 1000
Gemini's launch will have good impact on Bitcoin and it will help to spread the word about it more far.I will promote the Bitcoin and create awareness and let the common man know that Bitcoin is not something just virtual.I see it good thing happening an exchange to be located in New York city and to trade Bitcoin.

I don't just by launching some new exchange will impact on bitcoin prices. If some big companies starts selling their products for bitcoins then surely it will have a impact on bitcoin prices otherwise gemini will be another bitcoin exchange only. But still they have prove they are trust worthy first to use their services
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