Since NYSE invested so much in Coinbase, moon guaranteed, right? ...Right?

[CoinbaseVC]

1.

This is Coinbase regulated™ exchange orderbook.


http://coinsight.org/graphs/coinbase_btcusd_depth.png




around $1-$1.5 million in Bid Sum. Which is nothing. Is this the exchange that was supposed to bring Wall Street in?






2.

https://pbs.twimg.com/media/B_U3CG9XAAEj2ZU.png:large

[The Degentleman]

Not exzactly sure what you are getting on about with this post. Care to explain further?

[CoinbaseVC]

Not exzactly sure what you are getting on about with this post. Care to explain further?

Sure.



1. A lot of people were really excited about Coinbase regulated™ exchange, based on some users here it's the exchange that was supposed to bring Wall Street in, and they were taking the VC money ($75 million) in Coinbase as some guarantee that bitcoin will greatly appreciate in value because of that. I simply show that as of now pretty much nobody seem to care about using Coinbase, the Bid sum (amount of fiat sitting on the exchange waiting to buy BTC) is very low.

2. Venture capital money shouldn't be taken as some guarantee, because there are notable examples of huge bankrupcy fails in history even when the companies were backed by Microsoft, Visa, ecc. It didn't help.

[NeuroticFish]

Basically such big names "investing" (helping) surely made a background check and the chance that the investment is good (moon) is somewhat bigger.
But it's a startup after all. And that means that the risk is way above normal.
Even big, established businesses can fail (just remember the social networks from before Facebook). Startups have a way bigger chance for that. And crypto startups...

[NUFCrichard]

Not exzactly sure what you are getting on about with this post. Care to explain further?

Sure.



1. A lot of people were really excited about Coinbase regulated™ exchange, based on some poster here it's the exchange that was supposed to bring Wall Street in, and they were taking the VC money ($75 million) in Coinbase as some guaranteed that bitcoin will greatly appreciate in value because of that. I simply show that Nobody is using Coinbase as of now, the Bid sum (amount of fiat sitting on the exchange waiting to buy BTC) is very low.

2. Venture capital money shouldn't be taken as some guarantee, because there are notable examples of huge bankrupcy fails in history even when the companies were backed by Microsoft, Visa, ecc. It didn't help.

I think Wall Street can afford to speculate with $75mil, even if they lose ALL of that, they might be ok!
Having a regulated exchange is best for the small users who need to be able to trust that their money and data is safe, not like with Mt. Gox

[CoinbaseVC]

Basically such big names "investing" (helping) surely made a background check and the chance that the investment is good (moon) is somewhat bigger.
But it's a startup after all. And that means that the risk is way above normal.
Even big, established businesses can fail (just remember the social networks from before Facebook). Startups have a way bigger chance for that. And crypto startups...

Exactly.

[okthen]

Basically such big names "investing" (helping) surely made a background check and the chance that the investment is good (moon) is somewhat bigger.
But it's a startup after all. And that means that the risk is way above normal.
Even big, established businesses can fail (just remember the social networks from before Facebook). Startups have a way bigger chance for that. And crypto startups...

More than the money the big names bring, it's the reputation.
Bitcoin is not like some company - it needs more than average reputation and credibility, as it aims to replace money.
So the big fish help with that.

[NeuroticFish]

Basically such big names "investing" (helping) surely made a background check and the chance that the investment is good (moon) is somewhat bigger.
But it's a startup after all. And that means that the risk is way above normal.
Even big, established businesses can fail (just remember the social networks from before Facebook). Startups have a way bigger chance for that. And crypto startups...

More than the money the big names bring, it's the reputation.
Bitcoin is not like some company - it needs more than average reputation and credibility, as it aims to replace money.
So the big fish help with that.

You are obviously right (though imho slightly offtopic).
And the reputation works in both ways: the big name may lose some of the reputation if the "investment" fail. That's why a background check is done.
And both - the big fish and the background check - increase the awareness / reputation of the startup (or Bitcoin) and more big fish may come and "take a look".

[Ultros]

Next time use your true account. I don't read sockpuppets. Ignored.

[CoinbaseVC]

Next time use your true account. I don't read sockpuppets. Ignored.

Maybe you should read the post themselves and judge them for what they are regardless of who posts them?

[zby]

"California Regulator: Coinbase Exchange 'Not Regulated or Licensed'" http://www.coindesk.com/california-regulator-coinbase-exchange-regulated-licensed/

I guess we'll need to wait a bit more for the Wall Street (and moon).

[Shiver]

I suspect VC investments have a high failure rate, but they just need to spread their net wide in the hopes of catching the big one.

[ElectricMucus]

They could buy almost half of the Bitcoin mtgox "lost" for these 75 mil USD, at current prices, bullish!

What concludes the only real application VC money has for these companies: Pumping the Price. So the conclusion: Moon.

[D05GTO]

Retarded posting as usual by a sock account. Post from real account or GTFO.   These deserve an automatic ignore.  Enjoy your new found loneliness.  Obviously no one listens to your drivel from your main account anymore.

[jcoin200]

They invested in coinbase so it sounds like they are investing in the fact that btc use is here to stay, and they can make money when people use coinbase, regardless of the price.  I dont think their investment means much for price though.

[ajareselde]

Every new change when it comes to financing section is bound to have a start somewhere, same is with bitcoin, and just because there are "just" a few millions
on the bid side doesnt mean bitcoin is doomed or anything, it just means that it is still in its early stages.

There were alot of attempts over the years when it comes to digital payments, but there was never something like bitcoin-decentralised currency.
In your list you may also add Liberty Reserve, that was taken down by government agency few years back, which also has anonymous accounts.
Its obvious that finances section have a lot of trial and error attempts, and bitcoin is one of them, but its undeniable how bitcoin actually got markets attantion, and really has
advantages both on the customer and on the merchant's side, and it will get Wall.st. attention sooner or later.

cheers

[dothebeats]

Sounds like moon but not yet guaranteed though. They could just pump the price and dump right in front of our faces = no moon.

[jcoin200]

Sounds like moon but not yet guaranteed though. They could just pump the price and dump right in front of our faces = no moon.

Thats what I've realized.  The price does NOT have to skyrocket for "whales" to make money with btc.  They just have to get in and out at just the right time.  This is why I do not think we will see btc price rise drastically, at least it wont stay high if it does go up.

[harposox]

I suspect VC investments have a high failure rate, but they just need to spread their net wide in the hopes of catching the big one.

Yep. My brother-in-law is a VC. Extremely low success rate (single digits), and winning investments take FOREVER to pay out. Incredibly stressful work.