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Eamorr
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January 20, 2015, 09:12:53 PM |
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What will Coinbase do with all that money, I wonder? Perhaps deploy a few thousand ATMs?
Maybe set up a Ripple gateway for their Bitcoin customers? |
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Trolfi
Member
Activity: 72
Merit: 10
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January 20, 2015, 09:16:35 PM |
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What will Coinbase do with all that money, I wonder?
Continue developing their platform and expanding their user base. Position themselves to become one of the most valuable tech/finance companies in the planet. But you must know better than the people over at NYSE, Citigroup, BBVA, USAA and NTT. After all, you are a Sr. Member now. |
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Eamorr
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January 20, 2015, 09:22:56 PM |
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Scary.
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macsga
Legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 20, 2015, 09:23:28 PM |
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What will Coinbase do with all that money, I wonder?
Continue developing their platform and expanding their user base. Position themselves to become one of the most valuable tech/finance companies in the planet. But you must know better than the people over at NYSE, Citigroup, BBVA, USAA and NTT. After all, you are a Sr. Member now. Must express my admiration for quality sarcasm. Props  |
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Feri22
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January 20, 2015, 09:54:43 PM |
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So basically, Bitcoin now requires a "big news" story every day to stay at $200?
God no! No big news please! everytime there were big news, the price dropped even lower...But true is, i think this is kind of different big news and i am FINALLY starting to smell the wall street... |
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Wekkel
Legendary
Activity: 3122
Merit: 1538
yes
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January 20, 2015, 09:57:15 PM |
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I give it a maximum of 36 hours before we go down again.
i keep this post in favorites area to check it soon Just sharing a prediction, no guarantees     When the 6hr MACD goes red, its down again. 36 hours, my friend. |
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Walsoraj
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January 20, 2015, 09:58:40 PM |
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Someone else quote this before it is edited/deleted: This is just ridiculous...
None of us at Bitfinex take advantage of any inside information, and each of us monitors each other to make sure that we are behaving ethically. However, how would we go about obtaining bitcoin? We work hard to build a good exchange, because we believe in bitcoin, so we should go trade on another exchange? I have known Phil a long time, and he is extremely ethical. I, for one, use bitcoin in order to withdraw my paycheck. I usually place a small market order once a month, but I have no idea what the state of hidden orders are, or whether the market is going up or down, and I don't much care about those things. I need to convert a certain amount of dollars into the equivalent amount of bitcoin, so I just buy some bitcoin.
I'm not sure how this works in the "real world", but I am pretty sure that someone who works at Nasdaq can still trade stocks that are listed on Nasdaq. They aren't getting any special information, or access to a VIP service, but they still probably have a retirement account, or something along those lines, and still have investments. I don't think that because someone works at Nasdaq, they cannot own Apple shares in their retirement account. So, I am beyond annoyed that people think that someone who is interested in bitcoin enough to work in the bitcoin space, surprise, surprise, buys bitcoin...what is the alternative, that everyone interested in bitcoin enough to work in that space cannot use their own product?
Anyway, I think most people have enough experience with Bitfinex to know that we value our reputation as a fair place to trade, and specifically keep rules in place that cost us money because we think that the benefits of a fair marketplace far outweigh the small short term gains of cheating. I've been a big fan of bitfinex since before I started working here, and I haven't closed my account just because I got a job here.
mjr is the owner of BFX. *edit* not sure if he is the owner, but he claims to work there. |
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kralkral
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January 20, 2015, 09:59:37 PM |
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@Wekkel nice post man.
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 20, 2015, 09:59:55 PM |
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Bitfinex  Bitstamp  Explanation |
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BrewCrewFan
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January 20, 2015, 10:03:50 PM |
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Someone else quote this before it is edited/deleted: This is just ridiculous...
None of us at Bitfinex take advantage of any inside information, and each of us monitors each other to make sure that we are behaving ethically. However, how would we go about obtaining bitcoin? We work hard to build a good exchange, because we believe in bitcoin, so we should go trade on another exchange? I have known Phil a long time, and he is extremely ethical. I, for one, use bitcoin in order to withdraw my paycheck. I usually place a small market order once a month, but I have no idea what the state of hidden orders are, or whether the market is going up or down, and I don't much care about those things. I need to convert a certain amount of dollars into the equivalent amount of bitcoin, so I just buy some bitcoin.
I'm not sure how this works in the "real world", but I am pretty sure that someone who works at Nasdaq can still trade stocks that are listed on Nasdaq. They aren't getting any special information, or access to a VIP service, but they still probably have a retirement account, or something along those lines, and still have investments. I don't think that because someone works at Nasdaq, they cannot own Apple shares in their retirement account. So, I am beyond annoyed that people think that someone who is interested in bitcoin enough to work in the bitcoin space, surprise, surprise, buys bitcoin...what is the alternative, that everyone interested in bitcoin enough to work in that space cannot use their own product?
Anyway, I think most people have enough experience with Bitfinex to know that we value our reputation as a fair place to trade, and specifically keep rules in place that cost us money because we think that the benefits of a fair marketplace far outweigh the small short term gains of cheating. I've been a big fan of bitfinex since before I started working here, and I haven't closed my account just because I got a job here.
mjr is the owner of BFX. *edit* not sure if he is the owner, but he claims to work there. Done |
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SnokkomBTC
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January 20, 2015, 10:05:15 PM |
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Wekkel, what do you think about the MACD 12H/1D chart? Why do you believe only 6H chart?
BTC is just oversold
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Sitarow
Legendary
Activity: 1792
Merit: 1047
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January 20, 2015, 10:13:00 PM |
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aztecminer
Legendary
Activity: 1092
Merit: 1000
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January 20, 2015, 10:14:20 PM |
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it will go down again when the 'four punch raiders' decide it is going to go down again . |
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BrewCrewFan
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January 20, 2015, 10:15:57 PM |
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it will go down again when the 'four punch raiders' decide it is going to go down again . Starting to see the down trend now. Might be dive time. |
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arvindr
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January 20, 2015, 10:17:05 PM |
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So basically, Bitcoin now requires a "big news" story every day to stay at $200?
God no! No big news please! everytime there were big news, the price dropped even lower...But true is, i think this is kind of different big news and i am FINALLY starting to smell the wall street... Lot of exciting news today. Doesn't seem to be affecting the price either way. |
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YourMother
Legendary
Activity: 1281
Merit: 1046
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January 20, 2015, 10:18:25 PM |
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Some trivia stuff while this ridiculously overpriced world of warcraft unusable currency is tanking to abyss...  Point worth mentioning : Excellent long-term memory. You see, the bulltards already accommodated with this current price. They are not crying over a $300-$400-$1000 bitcoin anymore. All of sudden bitcoin is priced correctly, because you can almost see their enthusiasm when some kamikaze fuck is pumping it by +$10-$20. This is clearly showing their lack of long-term memory, so my question is : why would i ever listen to these delusional post "The wolf of wall street" investors that are saying that bitcoin is oversold ? Why would i give a shit about their stupid graph predictions when nobody is able to convince me of why this currency is worth more ? I explained to these people why bitcoin is not worth more than 2 digits, but i never saw any concise counter arguments on why it deserves a much higher valuation. Just denial, hopium and "should've, could've and would've's" PATHETIC |
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ronald98
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January 20, 2015, 10:22:10 PM |
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I give it a maximum of 36 hours before we go down again.
i keep this post in favorites area to check it soon Just sharing a prediction, no guarantees When the 6hr MACD goes red, its down again. 36 hours, my friend. I will check this prediction in 36 hours. I'm very keen to find out how accurate it is. |
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ejinte
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January 20, 2015, 10:22:29 PM |
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Could you please e-mail this to me, and please call to confirm that I got your e-mail. Thanks! |
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marcus_of_augustus
Legendary
Activity: 3920
Merit: 2350
Eadem mutata resurgo
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January 20, 2015, 10:23:29 PM |
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bear traps all the way to 2k!
go short now you greedy little bearpigtroll idiots.
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Wekkel
Legendary
Activity: 3122
Merit: 1538
yes
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January 20, 2015, 10:24:31 PM |
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Wekkel, what do you think about the MACD 12H/1D chart? Why do you believe only 6H chart?
BTC is just oversold
I have no specific thoughts on that. What worries me is that I do not see much whale buyers. The move upwards is very weak, so I expect resumption of the slow grind down with intermediate dumps and pumps. But bulls are invited to step in at any time, though...  |
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Poll
