Topic: US exchanges coming online (Read 3265 times)

Lets nope that it will be good thing.
And that price will start to go up slowly or to be stable at least.

Im glad to see that they decided to get involved so i can personally say that this will be good thing.

We shouldve known about that. Online is the way to go. That is why, US exchanges is now coming online.

Oh well if it was said here it's confirmed right....



right?

No.  Here's what you're trying to respond to:


TL;DR:  The media agrees with the overwhelming majority of bitcointalk users.
The mental degeneracy and moral turpitude of said users is neither here nor there.

If I was ur middle school reading teacher, I would'a flunked u.

You'll love us or die.



  ~Your Beneficent Reptilian Overlords.

It was already said here on wall st that the ETF isn't coming out due to all these junk exchanges... It'll be a longgg while until that changes

Sadly I still don't have any hope in seeing US exchanges in the near future.
But now with bitstamp and btc-e decreasing trading volumn every day, and all the core btc users in US, the demand will be extremely high.

If there is an American Exchange was born, it will get all of the trust

This, we still don't have the infrastructure in place to handle the kind of fiat inflows a mass market financial product would bring.  Hopefully a US based exchange would improve the situation.

Great point. Wall Street is not going to leave money on the table. They are going to take positions off-exchange, being careful not to prematurely cause a bubble. When the high-throughput fiat on-ramp is ready, and they have taken their positions, they will spark the mother-of-all-bubbles.

Black market is used by a financially skewed media to paint bitcoin badly which is unfortunate. But black market usage of btc gives the currency value and utility just as much as buying a laptop from dell. Not only that bitcoin was used when btc was 1000 dollars or 275 dollars.

As we have discussed on other threads bitcoin is still nascent and volatile. It is my view (and it could be wrong) that btc userbase is growing and could easily drive the btc marketcap up a couple of orders of magnitude without being more than a digital trading asset.

People discount the coming ETF's as being unlikely to be approved or being already priced in (LOL), but there is money to be made and regulated derivatives markets are now coming out so I think it is simply a matter of timing now.

It could be drawn out until the next halving, but once the multi trillion dollar pool of capital currently excluded for regular investors from a tax free regulated entry into btc opens up it will be fireworks.

The last runup took probably a few hundred million dollars to drive up the price into four digits. It doesn't take a genius to see the profit motive for large holders prior to ETF's being approved. People like to hold a portion of their portfolio in something high risk, btc will be an option. A rise of two or three orders of magnitude from here is not unreasonable IMO.

You can also thank bitcointalk users claiming black market is one of the reasons Bitcoin will succeed.  You can also thank all of the scams (Bitconica, Pirateat40, WeEx, TraderFortress, NeoBee, etc., etc.).  There's plenty of thanks to go 'round.

Edit:


https://bitcointalk.org/index.php?topic=828540.0;viewResults

Much of the problem is there are tons of people who think BTC= silk road. Why? Because that is what the media runs with. This casts a dark light on BTC, and people think that the only people who are into it or using it are only doing so for illegal activities. You can thank the media for that.

Right here. I am sure there is tons of money that wants to flow into BTC, but the lack of regulations when your a trading company or whatever, you dont want to tie yourself nor your customers or investors up in something that has no regulation. Companies hate uncertainty. They are certainly not going to risk their multi million or billion dollar company in something that is not clearly regulated.

this depends in which country you live in some companies are quite interested. Those countries will become new regional bitcoin information centers. Countries that ignore bitcoin will stay behind and wil have problems to catch up in future.

Professionals aren't really paying attention to crypto because they know anyone who touch it will get instant scrutiny from government.

The fact that these threads and topics are not gaining enough attention is enough to tell you people are little concern for legitimacy in crypto.

Professionals are coming.

Bitcoin exchanges aren't that cheap, either. Most US online stockbrokers (Etrade, TD, Schwab) charge about $9-10 a trade. Bitstamp charges about $10 on a $1000 trade, and $40 on a $10,000 trade. BTC-E is about the same; their terms are kind of vague about what they actually charge, so it's hard to tell. Buy $100 worth of Bitcoins through Robocoin, and you'll pay about $20 in spread and fees.

The track record of Bitcoin exchanges is that over half have gone bust, usually taking the customer's money with them. With a real SEC-registered broker, you get insurance on your funds on deposit.

Will be too expensive to get license due to the "transferable" (since you can move the coin anywhere in the world) nature of bitcoin.

There is a clear regulatory framework in the US. You register with the SEC as a broker/dealer. You buy SIPC insurance coverage. You get audited and regulated by FINRA. If you dip into customer funds, you go to jail.

There's a question as to whether you have to be a broker/dealer to operate a Bitcoin exchange in the US. If you are a broker/dealer, it's just another investment you can deal in.