Bitcoin Futures Exchange CME Is Seeing New Highs - Decrypt

Secondmarket to launch a New York-based Bitcoin Exchange.

In the midst of all this noise about mt.gox dying, some good news. Secondmarket is launching a real US based Bitcoin exchange. LINK.
Finally, the professionals are taking over. No more magic the gathering incompetence. It's gonna be a new era in Bitcoin trading for everyone!
submitted by Godfreee to BitcoinMarkets [link] [comments]

SecondMarket to launch first New York-based Bitcoin exchange - "These members are expected to include Wall Street banks and well-funded Bitcoin startups. Non-member firms or individuals would not be allowed to trade -- at least at the outset -- but likely could do business via the member firms."

source link: SecondMarket to launch first New York-based Bitcoin exchange - "These members are expected to include Wall Street banks and well-funded Bitcoin startups. Non-member firms or individuals would not be allowed to trade -- at least at the outset -- but likely could do business via the member firms."
poster: salvia_d, original conspiracy link
Discourse level: 0%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

TLDR: Bitcoin will win in the end and volatility is not an issue.

It seems like the most common argument I see against bitcoin is the day to day volatility makes it a bad currency. Even though it still has all the features built in necessary to be used as a transactional currency I agree that at this point it is still too volatile. This talk does a good job of explaining the growth cycle of bitcoin and why this volatility is to be expected and will settle down over time.
Bitcoin has to grow in market cap by several orders of magnitude before it can really be a stable store of value and that takes time but I believe it will happen because it has better characteristics of money than anything else that exists currently. That is all it needs, to be slightly better than current money and over time it will be adopted just like how gold took over for thousands of years as the most trusted form of money because it was the only thing that had the fundamental characteristics of money.
Currently it would be better to think of bitcoin as a commodity, as it grows volatility is decreasing and eventually it will level off once it has reached market saturation and there are better exchanges for liquidity and arbitrage in place (Second Market, Fortress, ETF, etc.). Once it has reached market saturation it should be relatively stable as compared to other fiat currencies (USD, EUR, CNY, etc.).
Some core features of bitcoin that make it different (and better) than any other currency on the planet;
1) Open source - The full bitcoin source code is posted on github and available to anyone for review. It is an open source protocol just like TCP/IP, HTTP, SMTP, etc. that anyone can contribute to and improve. This means bitcoin is highly adaptable and flexible and can be improved over time and have new features integrated into it. Eventually people will be using bitcoin without even realizing it, just how they use the protocols I just mentioned whenever they access a webpage or send an email.
2) Decentralized - I would invite you to watch this segment by Chris Odom on the relation between bitcoin and bittorrent. Basically bitcoin cant be shut down because there is no central point of failure.
3) Deflationary & Divisible - Bitcoin is hard coded at a limit of 21,000,000 bitcoins ever and each bitcoin can be divided into 100,000,000 units. That means that each unit has the ability to expand to hold a near endless amount of value and since there is a hard cap on the total supply the demand is what dictates the price of individual units. 21,000,000 may seem like a lot of but if bitcoin were to take over just 10% of the value of gold (not to mention remittances, wealth storage, tax havens, dark markets, etc.) it would have to swell to well above $10,000 or even $100,000 per unit. It really is a modern day gold rush because there is only so much that will ever exist.
It really takes weeks of research to fully understand what makes bitcoin a better form of money. I have done my best to break it down and simplify it but there is really so much more to it (I haven't even discussed the fact that it opens up automated contracts, direct property transfer, zero trust voting, autonomous corporations, etc. etc. etc. there is a whole world of potential that was never before possible because people couldn't figure out zero trust systems. This problem has been solved and the world will never be the same, you cant uninvent bitcoin just like you cant uninvent the internet, the car or the nuclear bomb. It exists now and there is no going back).
If it is something that interests you I would highly recommend digging deeper as I have only scratched the surface. If not, feel free to ignore it, it will keep doing its thing behind the scenes, slowly (or maybe very very quickly) chipping away at the current model.
submitted by LifeinCircle to Bitcoin [link] [comments]

Why the NYDFS regulations will be the next catalyst to bring us to the moon.

There has been a lot of speculation regarding this current rise in price, and what will happen next. We -should- see a slow rise in price for the next few weeks, until we have some news that sends things parabolic.
Lawsky will have regulations out by the end of the second quarter (as stated here multiple times): http://www.dfs.ny.gov/about/po_vc_03112014.htm
A lot of people on here don't understand how much of this works...
Yes, there will be your exchanges like Buttercoin, Circle and others that pop up for regular day to day users once regulations are released. These have already started to launch and accept limited users and don't necessarily have to wait for the NYDFS regulations before starting up. Lawsky has clearly stated that these types of "exchanges" can apply for their bitlicense, even before there is an actual application (all at the above link).
BUT... there are also an entirely different side to the "exchange" argument. In the traditional finance world (and soon to be in Bitcoin world), there are other exchanges that work behind the scenes as liquidity providers, or exchanges that exchanges/hft/wall street will connect into. An example of this is: https://atlasats.com/
What is an ATS? http://en.wikipedia.org/wiki/Alternative_trading_system
These will not go into operation until NYDFS has CLEARLY laid out the regulations in this area. Bitcoin is a new technology which clearly creates controversy, the last thing a company would want to do is put their business at risk by running full steam ahead into an unregulated space.
Many big banks and other exchanges will connect into ATS (and similar) exchanges, and we can already see that there are many instances of banks hiring and implementing Bitcoin:
http://www.coindesk.com/africas-largest-bank-trials-bitcoin-integration-system/
http://finance.fortune.cnn.com/2014/02/25/secondmarket-bitcoin-exchange/
https://www.usajobs.gov/GetJob/ViewDetails/367808700
http://dcmagnates.com/some-good-job-opps-involving-bitcoin-in-major-banks-and-u-s-treasury/
https://capitalone.taleo.net/careersection/usx/jobdetail.ftl?job=669299&lang=en
Putting all of these pieces together, I think it is pretty clear what the next steps for BTC are. Couple all of this with the Winklevoss and SecondMarkey ETFs coming online, and I think we are going to see a really interesting summer: http://www.businessinsider.com/secondmarket-public-bitcoin-etf-2014-3
submitted by nycgoat to BitcoinMarkets [link] [comments]

SecondMarket Moves Forward With Bitcoin Exchange, Securing Board Approval

SecondMarket Moves Forward With Bitcoin Exchange, Securing Board Approval submitted by Kupsi to Bitcoin [link] [comments]

SecondMarket Takes First Step to Becoming a US Bitcoin Exchange

SecondMarket Takes First Step to Becoming a US Bitcoin Exchange submitted by bitcoinsatoshi to Bitcoin [link] [comments]

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal

submitted by salvia_d to Economics [link] [comments]

SecondMarket steps into Gox-pocalypse to confirm rumors of bitcoin exchange

SecondMarket steps into Gox-pocalypse to confirm rumors of bitcoin exchange submitted by mcdtv to Bitcoin [link] [comments]

SecondMarket experimenting with first two way Bitcoin exchange in US

SecondMarket experimenting with first two way Bitcoin exchange in US submitted by brontellT to Bitcoin [link] [comments]

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal submitted by salvia_d to Anarchism [link] [comments]

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal submitted by salvia_d to Libertarian [link] [comments]

SecondMarket Takes First Step to Becoming a US Bitcoin Exchange

SecondMarket Takes First Step to Becoming a US Bitcoin Exchange submitted by the_YED to BitcoinSerious [link] [comments]

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal submitted by salvia_d to economy [link] [comments]

Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal

submitted by salvia_d to ConspiracyX [link] [comments]

Secondmarket Founder & CEO Barry Silbert Wants to Build a U.S. Bitcoin Exchange

Secondmarket Founder & CEO Barry Silbert Wants to Build a U.S. Bitcoin Exchange submitted by corporate_complicity to Bitcoin [link] [comments]

SecondMarket plans regulated bitcoin exchange

submitted by habichuelacondulce to DailyTechNewsShow [link] [comments]

SecondMarket Institutional Bitcoin Exchange Requires 25 BTC Minimum Trades

SecondMarket Institutional Bitcoin Exchange Requires 25 BTC Minimum Trades submitted by AliceFresa to Bitcoin [link] [comments]

Bitcoin exchange Mt. Gox's withdrawal halt prompts SecondMarket action - The Tell

Bitcoin exchange Mt. Gox's withdrawal halt prompts SecondMarket action - The Tell submitted by ErisianBuddhist to Bitcoin [link] [comments]

SecondMarket to launch first New York-based Bitcoin exchange

submitted by coincrunchcom to Bitcoin [link] [comments]

SecondMarket to launch first U.S.-based Bitcoin exchange

SecondMarket to launch first U.S.-based Bitcoin exchange submitted by BTCNews to BTCNews [link] [comments]

New York-based online marketplace SecondMarket has announced its plans to launch later this year a professional-level Bitcoin exchange service targeted at institutional traders.

New York-based online marketplace SecondMarket has announced its plans to launch later this year a professional-level Bitcoin exchange service targeted at institutional traders. submitted by chrisevansonline to Bitcoin [link] [comments]

SecondMarket Launches Their Highly Anticipated Bitcoin Exchange

SecondMarket Launches Their Highly Anticipated Bitcoin Exchange submitted by ThatchNailer to Rad_Decentralization [link] [comments]

SecondMarket: The Marketplace for Alternative Investments Barry Silbert: Trading Private Company Stock Get your Bitcoins off Exchanges NOW!!! Bitcoin: Bubble or Boom? (Jeremy Allaire, Barry Silbert, Olaf Acker)  DLD14 Bitcoin exchange hacked AGAIN, goes bankrupt

Bitcoin price today is $13,073.32 USD with a 24-hour trading volume of $23,603,626,066 USD. Bitcoin is up 0.48% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $242,210,721,011 USD. It has a circulating supply of 18,527,100 BTC coins and a max. supply of 21,000,000 BTC coins. You can find the top exchanges to trade Bitcoin listed on our crypto exchanges page ... SecondMarket CEO confirmed he will spin off his businesses into a separate regulated US bitcoin exchange. Learn more about the exchange and SecondMarket's plans. SecondMarket Readies Bitcoin Exchange Amidst Mt. Gox Turmoil; Second Market Founder Barry Silbert Comments on General Solicitation (Video) Time to Mine: DCG Reveals Crypto Mining Subsidiary ... SecondMarket Holdings, a New York firm that facilitates investments in privately held companies, is planning a U.S.-based regulated exchange for bitcoin investors, the company's founder and chief ... SecondMarket made an announcement that it would get into the bitcoin exchange business earlier this year, and this is a new landing page to attract accredited investors through its website.

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SecondMarket: The Marketplace for Alternative Investments

South Korean bitcoin exchange Youbit hacked for second time this year, files for bankruptcy. Educate yourself on how to trade Bitcoin correctly, just like I have done. If you take all 3 levels, the last level is jaw-dropping as you will learn how to buy stocks for free. Get a $50 discount ... SecondMarket is a registered broker-dealer (Member FINRA, MSRB and SIPC). SecondMarket was recently selected as a 2011 Technology Pioneer by the World Economic Forum in Davos, Switzerland. For ... Private company stock is far and away SecondMarket's most high profile class of available assets. Founder and CEO Barry Silbert shares SecondMarket's background in serving as an exchange for ... Breaking News Binance US Exchange Down! Crypto Mom Secures Second Term, Warning: Bitcoin Bearish Divergence Forming! - Crypto Market Update The Bitmex Killer! No KYC & Get Up to $70 for opening an ...

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