JayJuanGee
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How much alt coin diversification is needed? 0%?


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December 10, 2017, 05:20:31 AM

By stability do you mean staying within the same order of magnitude?

By stability:  I was personally referring to HarryMac's description of what he was proposing to be a possible effects of institutional money coming in.



Quoted for reference:

Was Gemini hacked or is this just scheduled maintenance like their status page claims?

https://status.gemini.com/incidents/k4qvyflfmm24



Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE

It appears that those "non traditional financial fucks" aka Gemini, did not participate in our "crash" from a few hours ago.

I was just able to log in and none of my buy orders below $15k executed, and the Gemini price is currently bouncing in the $15k territory.

Perhaps they will dip a little bit to get more in line with the other exchanges, but I am having my doubts, since in recent days they have been lining up a lot more closely with GDAX, which seems to be their current bouncing around price point.

If institutional money stabilises Gdax and Gemini, then arb will eventually clean up BFx and Bitstamp. I think we all risk being bored silly.

I don't buy it for a minute...

We not be gonna get any stabilization for at least a year (very best case scenario), but most likely we will not get stability for more than 3 years - or perhaps when BTC market cap is well north of a few trillion... .. which seems like we need another 10x from here, before we could minimally be aspiring to such possible hypothesized bordom levels.