Topic: US exchanges coming online - page 2. (Read 3265 times)

yup,

that Lawsky is cockblocking all of us right now

 

Yup. This is why the biggest exchanges are currently not US-located. SecondMarket's exchange will probably launch with or shortly after BitLicense goes into effect, and itBit is waiting for that too before opening up to retail customers. I assume Kraken and others are also in wait-mode.

I agree that a solid, clearly regulated, US-exchange infrastructure is long-term bullish for price. But it may take a while. One of the positives is the potential to create liquid hedging products that businesses can use to hedge their exchange rate risk when accepting or using bitcoin. If those tools existed, bitcoin may more readily penetrate deeper into supply chains, especially for international customers. But it takes a while.

if its
-legit
-transparent in its activities
-people can withdraw and fund easily
-not associated with karpeles

it will be good for bitcoin, could finally bring in "wall st money"

Well, Russia is planning to criminalize Bitcoin, so there's that...  Not simply banning financial institutions from interacting with Bitcoin businesses like China, but making anything Bitcoin-related a criminal offense.
Russia Proposes Monetary Penalties for Bitcoin Use and Promotion

I would say the reason they haven't appeared is the absence of a clear regulatory framework.

Where is this bad news that is driving the price lower? You are aware of the running joke on reddit the only thing driving the price lower is unending good news?

I think the reason why they are not popin up is because lately there has been nothing but negative news on bitcoin.

Why invest millions in a start-up and then have no customers. Like I said in my other thread, a lot of it was due to low volume these past fews months.

Exchanges only made money on trades, if there is no movement or volume. They can't make money.

This might be good news or not.

If they predict this price they could done this last year or they try to do something else.

Dunno something is fishy about it.

Did I dream it or did Ben Lawsky say he expected US exchanges to come online in 2015?

It just occurred to me that this potentially great and bullish news. A regulated exchange in the US would become extremely popular and likely lead price. It would allow big players to safely enter the market. At the moment other exchanges such as bit stamp, finex, btce or the Chinese exchanges are not regulated and therefore we are forced to trust that they are not insider trading, moving the market or fractional reserving etc. After gox a fully regulated US exchange is just what bitcoin needs.

I just watched the coinbase AMA. They speculated on where they see the bitcoin price by next October. Obviously they have a vested interest, but the founders predicted 1500 dollars to 4000 dollars. Pretty much the only way that could happen is by another price bubbling. Their reasoning was that bitcoin adoption is steadily rising and that a 20 billion dollar market cap does not seem unlikely. They also pricked the myth that merchant selling accounts for any significant down pressure. I have long thought that was propaganda spouted by short sellers.

There have been hundreds of millions of dollars of VC funding this year alone. This forum is (understandably) obsessed about the price. And yes it does have to pass up through resistance before if can go on to make higher ATH's. But that process in the past has happened very quickly indeed.

The fundamentals around bitcoin have been improving steadily throughout the year, as the price has dipped lower and lower and lower. I think the bottom is in. The next year should be very exciting. Don't get shaken out of your positions if you made it this far holders!