Bitcoin Forum

is coinbase going to make us reach 1k this week?

It seems BTC rate going to raise  8) more than ever happened ;)

I think it will not happen
but if that happens then I will be happy :D

Impossible :D
If its happen, will be big dump ever in bitcoin history :D
Look now, ppl see a price rise little and they will sell directly!

Its short term bullish market, i think we are going to Soar in 5 hours with coinbase.com/lunar

Every time prices goes up a tad, there's always moon talk.

Then price just plummets again.

https://www.coinbase.com/lunar

i dont know what this is,but it looks good.
nice pumping marketing and good idea indeed.

The first exchange backed by federal reserve guys... new money coming in even if people dont like to buy, the increase in volume will moon it, just like SendChat will moon BTC in March

Nice try on Sendchat, the IPO that has only recieved like 15 BTC. Gems is the better bet if you think messenging will be big.

Lol, im not trying anything, i just see SendChat has a larger chance in world wide adoption thanks to many features Gemz lacks in. Such as being able to trade your BTC into 30 different Fiat currencies.

I only hope price rises slowly sustainably.

What's the countdown on the bottom of the page? The time remaining for BTC to reach moon?

If yes, I'm game! :D

Precipitation earth with asteroid
left 3 hours

Coinbase now provide a safe way to get into bitcoin for newbie whales i think it could go several k from here.

average $10 rise every day for the next 200 days.


Confirmed.

only if they bought Willy Bot from Gox.

But even if they did, still might take more than 1 month

bitcoin to the moon, yes. It will be on the moon for 15 minutes and then down, down, down all year long again 

get ready for the mining difficulty to go to the moon, $320 was the figure given as needed to switch back on miners iirc, we are about to shoot past $320

or...... buy on rumour sell on news?

Missed the BTC price $ 1,000
hoping it will happen again soon

BULLSHIT! Noobs can't math ...



your moronic talk about 1000$ is extremely moronic

This has been proven conclusively in this case as well.
Price back to $265 from $300+.

I know!

I once bought a package of bad fireworks. I was waiting on the mega explosion in the sky raining multi color sparkles and instead it went pfffffttttttttttt poof.

I admire Coinbase's nod to the bull sentiment but just seeing it being unable to sustain over $300 was a bummer. On the other hand I would like to see it drop a little more even to the $100 range because I really want to buy cheapER coin than mid 200s!

ETA ... Is it just me or does bitcoin take a nose dive whenever there's good news?  ;D

no, but i hope bitcoin to the moon. have u see price dumb again now mid $200

It'll be some months before this initial news starts paying dividend in the price in the future. This is the start of a PR recovery that bitcoin needs in the eyes of average people that would be interested at some point. I'm not linking coinbase as the overseer of bitcoin but just as a sound way of grabbing and holding for the average person to feel secure in doing so. The ETFs are for the big boys to get in the action as they typically always have others manage their wealth for them rather than sitting by a computer and faithfully staying up on things. Time is money and the farther up the chain you go, the less prevalent that commodity is. It'll take time for all the news to bolster the price where most of us expect it to eventually go. Stay the course, folks. Btw, this wasn't a nod to any bull sentiment but merely a pump base upon the news. Most traders likely expected 275 to be the retrace point but those who stuck it out longer were able to nab slightly more profits. It's events like these that deviate from trader expectations and makes it wise to hold what you got for some sell out too early and then lose their profit pivot point when things change.

we already went to the moon
now we're going back to earth

lol-thread

California Regulator says: Coinbase Exchange 'Not Regulated or Licensed'

http://www.coindesk.com/california-regulator-coinbase-exchange-regulated-licensed/

i hope bitcoin will rise slowly with stable growth, no another pump and dump
bitcoin need stability to get more merchant adopation
people want a currency not a risky investment that move 20% or 30% a day

only $300 that you say it "to the moon"?
even $500 in the past it cant take off, no matter now

I see it dropping further before it goes to $500.

I'm not a fan of "to da moons" and even less of "bitcoin is dead" but just a friendly reminder. It requires 12mil people out of 7bil (like 0.2% of whole population) to buy 1 bitcoin each to run out of bitcoins, or 1.2mil people to buy 10 btc each. And I know people who are buying in bulks, like me. The rest you can imagine yourself.

no.

It was just a joke that was not funny considering they wanted to open the first regulated exchange(serious stuff)

Stable prices are way better than wild fluctuations, IMHO

bitcoin prices never are stable for long. Sooner or later we will see wild fluctuations. It is rare price being stable for more than 10 days.

No, they only able to rise bitcoin price temporarily
And the price already reach back again

Normal exchange site can't pump bitcoin price
Don't hope too much at Coinbase

no.

They negotiated Willy bot, but Karpeles wanted too much for it so they only made a moon countdown to grab some small profit

What I'm wondering is if Coinbase used the world 'support' to be "availability of trading platform" in those States and not to say it was regulated/licensed.

^This...is exactly why the "death by inflation" arguments are only supported by talking monkeys. 

^and of course, I consider this an understatement  ;)

If Karpeles sat inside the rocket, the rocket would have malfunctioned trying to lift off.

I really wonder what people will claim to be the reason for the price increase - other than increased demand - as soon as we've hit a new ATH! Bitcoin doesn't need Willy bots in order to be a successful commodity!

no, it wont.
furthermore , it wont go to 1k this year judging by market movements.
sit back and wait, it will happen sooner or later.

Yeah It's much too early to tell when we will enter the next big bull market. I still think it really could be this time! But it's not a given. It may take a few months or could even only happen later this year. I remain bullish, though :)

I remain bullish as well. It will get back up sooner or later. I'm not completely sure about 1k but If it does, that's fine with me.

I think we'll go up this time. We could dip a bit lower, but the dumps over the last day experienced some counter-pressure, as well. Bears try their best to short now, but it seems their best isn't enough anymore :)

-But Bullwinkle, that trick NEVER works! >:(

http://i.ytimg.com/vi/kRW7pITY5Cg/hqdefault.jpg

-This time, FOR SURE!

It's nothing but a game of recognizing the real bottom, really. It could be any of the large dips, actually. And I am putting my money (figuratively and literally) on this dip being the one. Sure, I may be wrong and advise everyone to make their own decisions, but you can't win if you don't take a risk.

What if the real bottom is 0?  That is where it looks like it is heading more and more each day.

Isn't that from a Lotto ad?

Well, in that case sell all your coins and go on with your life. The mere fact that people have been saying this a couple of times over the last 5 years - and were wrong each and every time - makes me quite calm what the threat of this happening is concerned.

No it won't and nothing will for the moment . Bitcoin will eventually go to the moon but not anytime soon if you ask me .
It will inscrease the price slowly slowly till it reach the next Halving block reward then it will riiiiiiiise like hell ;D Less supply + demand = more value

To be clear:  Bitcoin is unlikely to ever reach zero.  As long as there's one guy with a netbook running a couple of nodes, it'll have *some* value.
I've also been hearing much prognostication re. price: $10k by last Christmas was pretty common, one (certified & institutionalized, recently released) lunatic even promised $300k.
Sadly, those numbers were reached as often as $0 :-\

Well, I meant 0 in the rounding way.  If its .005 cents.  I consider that 0 dollars.  After a year of consistently going down I don't know if we will see it go back up again.  I am truly hoping I am wrong I just am not 100% sure of what will happen.

Why are we always want BTC to the moon ? Slow and stable growth is better and sustainable rather than few days pump and crash.

haha no.  regardless of how much good news we get.  the cost to mine btc regulates the price they sell for.  at the moment hardware manufacturers are at an advantage and thus have a say in what btc price is.  and believe me they are making a killing.  if i can profit on mining currently then they can profit selling at even half of todays price.

coinbase is going to drag us to 1k per 10btc yes...

Yeah, sure. That's the reason why the difficulty is going down.

The effect of coinbase already seems to have worn off.  ;D

Q1 - so have we found the bottom yet or is that still up in the air?

Q2 - might be a dumb question but please keep in mind I'm not a trader* so I don't quite understand most of this, but is there anything bitcoin users or "the community" per se can do to prevent or insulate the market from "pump and dumps"? It makes me think the market will always be at the mercy of traders so this can go on indefinitely keeping things volatile.

Q3 - is there somewhere I can go to learn how to understand all these charts like at bitcointicker.co/bitcoin tracker? I have this one bookmarked and check it daily just to see what the price is but the chart itself I have no clue.

Thanks!

A1 - Who knows, the economy right now is very speculative.

A2 - Any moves in the market from whales can create massive swings either up or down. The only thing that can prevent this is if the ratio speculators/users changes in the favor of actual users in great numbers. The moves by the whales will be absorbed by a market much more easily if it's a big one.

A3 - There are many guides online on how to read these charts and indicators. It's important to realize these are either purely mechanical, statistical or psychological. Whatever indicators you use, it is still speculation and there is a risk it will go in the other way you expected it to go based on your analysis. (Don't speculate with money you can't afford to lose)

If you just like bitcoin for it's function as a currency, use it as such, get bitcoin when you plan to use it relatively quickly, and don't hold onto it as speculative asset.

mining equipment manufacturers are not turning anything off.  actually their pool hashrates are growing.  the retail buyers are the ones shutting down as they barely make anything to make it worth their time and efforts.

A1: bottom is calculated with costs of the network vs new money coming in. You calculate price of btc times bitcoins found by mining to get the cost. Once these costs are smaller or equal to the new money coming in (substracted the money going out) we will have found a bottom. I think bottom will be double digits based on my calculations.

A2: nothing can be done about Pump and dumps other than you don't buy into it and sell into it instead. (counterintuitive trading, makes money too)
Volatility is only in parts caused by the traders but in large parts also by the miners. So Bitcoin is inherently volatile due to the high inflationrate.