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Topic: [POLL] What happens when Cryptsy opens the USD markets? (Read 2846 times)

legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
The real answer..

They get..
Quote
hacked
full member
Activity: 238
Merit: 100
There should be an option for 'Watch the FinCEN agents knock on the door in simulcast'...

lol, i guess they are smart enough to not make that mistake Wink
hero member
Activity: 896
Merit: 500
how easy would it be to withdraw USD from cryptsy.

I assume since they are based in Florida that it shouldn't be too hard...
full member
Activity: 224
Merit: 100
how easy would it be to withdraw USD from cryptsy.
full member
Activity: 126
Merit: 100
Girls dont crypto?
Franko goes to the moon Wink
member
Activity: 68
Merit: 10
Hoping to see another sunrise from home!
I'd try to get more flat of mine in the exchange. Hard as hell to move USD from the US.

It's very simple, actually. Takes about 5 clicks to get USD into BTC

What are the steps/clicks?  Not trying to be funny but everywhere I look it's like pulling teeth.
legendary
Activity: 1120
Merit: 1000
A lot of people will start buying ,and coins will fly to the moon. If cryptsy do the right promotions then all coins go move 1000% higher.
full member
Activity: 206
Merit: 100
There should be an option for 'Watch the FinCEN agents knock on the door in simulcast'...
legendary
Activity: 3248
Merit: 1070
no i don't mean that, i mean more people wil be worthless shit btc clone
hero member
Activity: 896
Merit: 500
what will happen? isn't it obvious?

more people will be scammed

I do feel bad for people that are/were having issues, but I've had no issues with Cryptsy since using them from day one  Smiley
legendary
Activity: 3248
Merit: 1070
what will happen? isn't it obvious?

more people will be scammed
full member
Activity: 322
Merit: 100
Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.

Why would there be a mass cash out? The largest holders of coin's already have an avenue for exchanging to fiat.
I am sure that the policy will end up similar to coinbase or other exchanges, so anybody that wants to cash out can do it now through those channels, I could be wrong no doubt, if they make it easy with no account verification then I would expect a cashout and crash, but they are registered with FinCEN and so have to abide by certain rules.
I have hopes for a small jump in the most popular coins  Cool
hero member
Activity: 896
Merit: 500
Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.

I am curious to see how they would implement the USD market...certainly wouldn't be a simple switch to be thrown.  Like you said, the regulations in place on USD exchanges could stifle growth, but I believe that would only be a temporary setback and they would recover from it fairly quickly.  As BTC's popularity/acceptance becomes more mainstream throughout the next year, the masses will start to adopt alts since they won't want to buy in to BTC directly due to the price.  If Cryptsy has their act together and gets everything in place properly, it will make for a very interesting year  Grin
member
Activity: 112
Merit: 10
Market crashes due to mass cashouts <-- I vote this, the amount of personal ID information required on any exchange involved with the 'mighty' dollar would disenfranchise any interest people have (left imo) in Cryptsy.
full member
Activity: 182
Merit: 100
not much change... most coins there are crap, a few good ones might rise
newbie
Activity: 35
Merit: 0

All Alt-Coins jump up in value tremendously.
hero member
Activity: 896
Merit: 500
I expect major issues like a few weeks ago. People will be please when its actual money disappearing.

Same here...I can only hope they have the hardware to support the insane traffic






 Cheesy
legendary
Activity: 1210
Merit: 1024
I expect major issues like a few weeks ago. People will be please when its actual money disappearing.

Same here...I can only hope they have the hardware to support the insane traffic




sr. member
Activity: 265
Merit: 250

USD trades will remove that extra step and let the buyers buy alt currencies immediately.

USD will remove the extra step in regulators closing the place down Wink
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