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inBitweTrust
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January 26, 2015, 03:13:53 PM |
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I know we are correcting now, but is there some explanation /theory/news for the last 24h rally?
People purchased based upon the expectation of the great news from coinbase. The fact that a FDIC insured and regulated exchange in the US with over 1million usable accounts to start has opened with 0 trading fees instead of 1% like before is a big deal. The fact that we will be able to use coinbase to set limit orders and trade at 0-0.25% instead of 1% is a big deal. The fact that no other exchange offers FDIC for usd balances is a big deal. |
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ErisDiscordia
Legendary
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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January 26, 2015, 03:14:01 PM |
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Lambchop you had two weeks of uptrend to prepare new pictures, wtf are you doing I am disappointed, are they not paying you enough for a serious effort?
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SirChiko
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Activity: 966
Merit: 1000
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January 26, 2015, 03:14:18 PM |
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There's already been a US Based exchange that complies with US Regulations. On Feb 5th it will have been opened for a Year now! https://www.atomic-trade.comYeah, Kraken too. Thought Kraken was British and not in the US. Kraken isn't US. Also that atomic trade looks like altcoin exchange and news stand in one. THat they are based there doesn't mean they work like coinbase one. |
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findftp
Legendary
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Activity: 1022
Merit: 1012
Delusional crypto obsessionist
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January 26, 2015, 03:15:32 PM |
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hdbuck
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Activity: 1260
Merit: 1002
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January 26, 2015, 03:15:54 PM |
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NotLambchop
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January 26, 2015, 03:17:05 PM |
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Before they ask us to pay the bill And while we still have the chance Let's face the music and dance  @ErisDiscordia: What makes u think U deserve new pics? You haven't even thanked me for the old ones yet  |
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BayAreaCoins
Legendary
 Online
Activity: 4158
Merit: 1270
Owner at AltQuick.com
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January 26, 2015, 03:17:58 PM |
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Order gettin' restored  ... All aboard! I fucking love old people.  |
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Newar
Legendary
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Activity: 1358
Merit: 1003
https://gliph.me/hUF
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January 26, 2015, 03:18:31 PM |
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There's already been a US Based exchange that complies with US Regulations. On Feb 5th it will have been opened for a Year now! https://www.atomic-trade.comYeah, Kraken too. Thought Kraken was British and not in the US. Kraken isn't US. Also that atomic trade looks like altcoin exchange and news stand in one. THat they are based there doesn't mean they work like coinbase one. Ah, shifting the goal posts. Nice. How do they work differently? Both have to hop through the same regulatory hoops. |
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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January 26, 2015, 03:18:54 PM |
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I know we are correcting now, but is there some explanation /theory/news for the last 24h rally?
People purchased based upon the expectation of the great news from coinbase. The fact that a FDIC insured and regulated exchange in the US with over 1million usable accounts to start has opened with 0 trading fees instead of 1% like before is a big deal. The fact that we will be able to use coinbase to set limit orders and trade at 0-0.25% instead of 1% is a big deal. The fact that no other exchange offers FDIC for usd balances is a big deal. Thank you, Trust  |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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January 26, 2015, 03:19:02 PM |
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where are the damn annoying poney pictures ?  |
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JorgeStolfi
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January 26, 2015, 03:21:26 PM |
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"Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time." I.e. only their hot wallet is insured, not the client deposits. of course if your girlfriend steals your password and phone to perform 2fa and steal your BTC you won't be covered. May not even be covered under such circumstances with Fiat either.
I imagine that no insurance company would cover that kind of loss, whether for USD or for BTC. The fuzzy area may be client losses due to faulty programming on their part. |
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inBitweTrust
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January 26, 2015, 03:21:33 PM |
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Ah, shifting the goal posts. Nice.
How do they work differently? Both have to hop through the same regulatory hoops.
Does kraken currently have over 1 million unique users that can use the exchange? Does kraken have FDIC insurance on usd balances? Does Kraken currently have 0 fees? |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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January 26, 2015, 03:21:54 PM |
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why so negative? we should thank coinbase for this pump. because mmitech is very smart and everyone else is retarded  yes I am smart (or at least not an idiot) and there are so many retarded people here for sure, so your statement is somehow valid and accurate. |
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NotLambchop
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January 26, 2015, 03:23:24 PM |
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where are the damn annoying poney pictures ? Ever since Bitcoiners started making their own fan art, pone became redundant. I mean, this came from some Bitcoin fan site:  |
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BayAreaCoins
Legendary
Online
Activity: 4158
Merit: 1270
Owner at AltQuick.com
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January 26, 2015, 03:23:30 PM |
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People purchased based upon the expectation of the great news from coinbase.
The fact that a FDIC insured and regulated exchange in the US with over 1million usable accounts to start has opened with 0 trading fees instead of 1% like before is a big deal. The fact that we will be able to use coinbase to set limit orders and trade at 0-0.25% instead of 1% is a big deal. The fact that no other exchange offers FDIC for usd balances is a big deal.
Agree with the fee part. Never gave a shit about the gay Coinbase rocket page or their gay news. I'll probably fuck off with their exchange a little bit though... it's for sure not bad news  |
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JorgeStolfi
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January 26, 2015, 03:24:55 PM |
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Since Coinbase has zero fees, shall we assume that its volume is fake, and exclude its price from indices and charts? |
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inBitweTrust
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January 26, 2015, 03:25:07 PM |
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"Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time." I.e. only their hot wallet is insured, not the client deposits Yes usd client deposits are indeed insured but with FDIC- https://support.coinbase.com/customer/portal/articles/1780543FDIC Insurance Customer funds stored in Coinbase USD Wallets are held with an FDIC-insured financial institution. BTC is privately insured , USD is FDIC insured. |
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blade87
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January 26, 2015, 03:25:16 PM |
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Let's see if we can hold the "magical $266" holds this time. Or is it no longer relevant?
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ChuckBuck
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January 26, 2015, 03:26:52 PM |
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How come it seems like the beartrolls are having a field day in here? Because the recent dump this morning? Isn't BTC up roughly 25% from end of day Friday? Weren't we at $230 then?  So many questions.... |
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