/biz/ - Business & Finance

>>6203335
It very well could be, maybe not as drastic as dominoes but just that little nudge of momentum that puts everything in place and sets precedent and the gold standard for new exchanges to come, which sounds fucking great right now but not when you consider that finally having a well operating fast exchange offering fiat/crypto swaps with proper hardware and appropriate professional staff would most likely end up pulling more money out of the market than it would put in, strictly on the fact that as it stands now your waiting 7+ days for even a basic fucking ACH to go through, so people end up just keeping their fiat in crypto.

What else other than greed has contained ~850bn dollars in this market? To me it honestly does all seem contained by this artificial bottleneck of cashing out. I know it costs ridiculous, especially since opening an exchange of this caliber requires absurd investment and tons of palms greasing to get through the basic channels of being able to operate a financial gateway, but its not strange to anyone else that in 9 years there aren't more sites offering FIAT<->CRYPTO<->ALT<->FIAT? And its not strange that after 9 years we get stuck with total fucking bullshit?

It just screams fucking manipulation to me on a multi hundred billion dollar level. I'm not a fucking conspiracy theorist or anything but I'm sure its been discussed that if too many of these exchanges open up it can severely effect the market.