If Gemini can prove itself to be solid and reliable then that is useful, though remember that the whole of the USA is only about 5% of the world population, so its immediate impact is not likely to be that great. Worth keeping an eye on though.
Topic: Gemini's launch and impact on Bitcoin price - page 3. (Read 5209 times)
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.
Well, congrats to them for actually having a working product out there.
Unless they themselves have cajoled some new buyers and sellers to come on board, not a great deal's gonna happen.
The current crop of players, and previous ones, don't seem to care all that much about whether their exchange is dependable and honest, they just want masses of leverage and the illusion of volume.
Unless they themselves have cajoled some new buyers and sellers to come on board, not a great deal's gonna happen.
The current crop of players, and previous ones, don't seem to care all that much about whether their exchange is dependable and honest, they just want masses of leverage and the illusion of volume.
Reality is setting in. Many people will be hugely disappointed. A long waited Winklevoss twin's Gemini exchange is a complete flop, who would've thunk that???
So nothing nada zip zero.. Is what Gemini does for the USD/BTC.... Just another nerd exchange. I think we have several years until BTC reach its potential. Or some bank use the blockchain technology and creates their own coin... I just hold and buy. If it goes down the drain, so be it. Happy to have mined mine.
You can see here better : http://bitcoinity.org/markets/gemini/USD
thanks to : https://bitcointalksearch.org/topic/m.12634265
thanks to : https://bitcointalksearch.org/topic/m.12634265
That 10 minute delay on the public ticker though. Criminal.
Indeed:
{"bids":[],"asks":[{"price":"243.50","amount":"0.01","timestamp":"1444311349"},{"price":"244.00","amount":"10","timestamp":"1444311349"},{"price":"245.00","amount":"0.01","timestamp":"1444311349"},{"price":"248.95","amount":"0.2471232","timestamp":"1444311349"},{"price":"265.00","amount":"19","timestamp":"1444311349"},{"price":"300.00","amount":"1","timestamp":"1444311349"},{"price":"400.00","amount":"1","timestamp":"1444311349"},{"price":"600.00","amount":"1","timestamp":"1444311349"},{"price":"800.00","amount":"1","timestamp":"1444311349"},{"price":"1000.00","amount":"1","timestamp":"1444311349"},{"price":"1337.00","amount":"1","timestamp":"1444311349"},{"price":"1500.00","amount":"2","timestamp":"1444311349"},{"price":"2000.00","amount":"1","timestamp":"1444311349"},{"price":"5000.00","amount":"2","timestamp":"1444311349"},{"price":"5555.00","amount":"1","timestamp":"1444311349"},{"price":"9999.00","amount":"1","timestamp":"1444311349"},{"price":"10000.00","amount":"1.21","timestamp":"1444311349"},{"price":"20000.00","amount":"1","timestamp":"1444311349"}]}
Why only asks? Was it not possible to transfer money into the accounts earlier?
dunno but its really boring right now
Nobody is rushing to sell their coins on Gemini. Only about 10 coins for sale at a realistic price. This will be a slow process. Even if their was a institutional client wanting to buy 1k coins their simply not their. Good chance for some arbiratige.
Indeed:
{"bids":[],"asks":[{"price":"243.50","amount":"0.01","timestamp":"1444311349"},{"price":"244.00","amount":"10","timestamp":"1444311349"},{"price":"245.00","amount":"0.01","timestamp":"1444311349"},{"price":"248.95","amount":"0.2471232","timestamp":"1444311349"},{"price":"265.00","amount":"19","timestamp":"1444311349"},{"price":"300.00","amount":"1","timestamp":"1444311349"},{"price":"400.00","amount":"1","timestamp":"1444311349"},{"price":"600.00","amount":"1","timestamp":"1444311349"},{"price":"800.00","amount":"1","timestamp":"1444311349"},{"price":"1000.00","amount":"1","timestamp":"1444311349"},{"price":"1337.00","amount":"1","timestamp":"1444311349"},{"price":"1500.00","amount":"2","timestamp":"1444311349"},{"price":"2000.00","amount":"1","timestamp":"1444311349"},{"price":"5000.00","amount":"2","timestamp":"1444311349"},{"price":"5555.00","amount":"1","timestamp":"1444311349"},{"price":"9999.00","amount":"1","timestamp":"1444311349"},{"price":"10000.00","amount":"1.21","timestamp":"1444311349"},{"price":"20000.00","amount":"1","timestamp":"1444311349"}]}
Why only asks? Was it not possible to transfer money into the accounts earlier?
first asks are placed 
https://api.gemini.com/v1/book/BTCUSD
https://api.gemini.com/v1/book/BTCUSD What is the difference in Gemini with other exchanges? There are lots of them already (noob question, really want to know)
The only thing going for Gemini is that it's located in New York City.
Problem is that no sane institutional investors know enough about bitcoins to plunk down their money or risk their clients' money into it. Winklevoss twins don't exactly inspire confidence in them either. Gemini is facing multiple hurdles, including competition, being late to the game, lack of market share, too many to list.
What is the difference in Gemini with other exchanges? There are lots of them already (noob question, really want to know)
Just another place where people can easily dump their scamcoins so it's guaranteed to push the price down.
you're getting funnier and funnier lately. you once mentioned you don't hate bitcoin at all, and now you say scamcoin... you're making a clown out of yourself.
When the exchange really gets off the ground, and the institutional money starts flowing in, you can expect an uptick in the price. 
Just another place where people can easily dump their scamcoins so it's guaranteed to push the price down.
There are enough places for people to dump their coins. This will not facilitate extra dumping.
Maybe it is just better to buy back the coins you sold too early and move on?
Granted there are other places you can go to dump your coins, Gemini WILL ADD to already burgeoning number of exchanges for EXTRA DUMPING. Why is it so hard for you to understand? Bulltardness is spreading like plague.
Just another place where people can easily dump their scamcoins so it's guaranteed to push the price down.
There are enough places for people to dump their coins. This will not facilitate extra dumping.
Maybe it is just better to buy back the coins you sold too early and move on?
It adds one less excuse for BTC to be discounted. I don't think much or anything'll happen in the near term. Perhaps their 'institutional investors' will throw up a surprise but they already have a few little nooks to crawl through.
Just another place where people can easily dump their scamcoins so it's guaranteed to push the price down.
By the time you see anyone asking here if something will affect bitcoin price you can assume any effect is already priced in to the market.
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