Dumpstorm is comming... People are so fearless shit... omg ..
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SOON this will happen. Or maybe now we will see.
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Is coinbase leading this spike?
I'm not sure who lead, but Houdini err huobi seems to be following through I wouldn't think they had enough volume to lead but they seem to have the highest price. Why would there be a premium there? CoinBase used Bitstamp for liquidity, at least they used to. If us Yanks are buying, expect both Stamp and CB to show it. There are billionaires that are waiting for the optimal time. Sometime we will say "goodbye" to <$300 coins forever. I want more cheap coins and I hope we get them, but I can live with what I already hold because I was not greedy. Can you say the same? If the bear market is over, are you in a position to enjoy that? I am in position to recover looses when i bought at $800 and $600 and $400
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Is this the closing of the bear trap?
:D:D
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http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/Ripple Labs Inc., the developer of a bitcoin-like technology that enables institutions to transfer money internationally, is closing in on a $30 million funding round, Venture Capital Dispatch has learned.
A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.
A person familiar with the situation said the deal places the post-money valuation of the San Francisco startup at about $100 million.
Investors in the Series A round will include Andreessen Horowitz, Google Ventures, IDG Capital Partners and other existing investors, the person said. Ripple previously raised more than $3.5 million from a number of backers including Bitcoin Opportunity Fund, Camp One Ventures, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Vast Ventures and Venture51.
Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin. The goal is to reduce the cost and time it takes to make cross-border payments in various currencies. The company is targeting use by banks and remittance providers, rather than consumers.
The company signed on two American banks, Cross River Bank and CBW Bank, last year, as well as Fidor Bankin Germany, to use the Ripple network to enable customers to instantly send money internationally. The network allows smaller banks to avoid the use of large intermediate banks that take fees on such transactions.
Ripple is tapping into the promise of the distributed verification systems that underlie digital currencies such as bitcoin and Ripple’s digital coin. These systems can help speed up and reduce the cost of financial transactions, as well as a variety of other transactions. Venture investors are increasingly talking about the value of this type of distributed ledger system as a basis for all kinds of applications, not just currency.
Though bitcoin itself has many potential uses, including as a system for improving the efficiency of payments and financial infrastructure, speculation has resulted in swings in its price. The volatility of that digital currency has kept some venture investors on the sidelines, even as others have plunged in.
The largest venture investment in a bitcoin company took place recently, when investors put $75 million into Coinbase Inc. Bitcoin-based startups have attracted roughly $439 million in venture capital in recent years, according to bitcoin-market tracker Coindesk.
Gonna be huge, and bullish as fuck. Amirite, guys? A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.
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Well better $277 than $152
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Keep buying, cause it looks very "sustainable" Organic GrowthI sold before when it was $306 and bought at $282. Knew they dump on news :/
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This is a trap.
This was a trap people are buying like before. No need to panic they sold on news to make a small profit.
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Remember kids, you are supposed to buy the actual breaks or resistance, not the tops after ridiculous parabolic rises, that's when you are supposed to GTFO Alternatively, you buy the rumour and sell the news. Work every time. Is it just the Coinbase Exchange news that created all this mess? If it did, what's so wrong in it? If they opened a "Regulated" exchange, then what's wrong with others and why this dump is happening? No, everyone sold on news because they want to make more profit on idiots that sell with them... How long You are in bitcoin ?
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Lets the weak sell and strong stay
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HOWLY FUCK NOOOOO ERROR ERROR
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I bought before
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Hope i will have wish in my hand o_0 I'm ready lets roll !
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Or coinbase pumping the price And this train will stop soon
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USA time 04:16 wake up call soon
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My bet is it will go till $400 and when the coindesk will enter there will be sell off..
I'm saying $400 within 24 hours.... More or less it will start going up maybe in 2 - 3 hours from now.
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My bet is it will go till $400 and when the coindesk will enter there will be sell off..
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