Cheeseonastick
Newbie
 Offline
Activity: 45
Merit: 0
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October 10, 2014, 04:37:52 PM |
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Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.
Choo choo. Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange? |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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WeltMaster
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October 10, 2014, 04:37:55 PM |
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 All aboard!  |
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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October 10, 2014, 04:41:48 PM |
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Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means Silicone Valley is buying.
You would think that they could just buy more off the exchange?  How complicated is it? I think that is the most annoying thing about Coinbase by far!!!  |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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October 10, 2014, 04:42:30 PM |
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Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.
Choo choo. Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange? They get most of them from customers selling (some of which are miners), but when they need extra liquidity, it is rumored they buy on Bitstamp. |
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NotLambchop
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October 10, 2014, 04:43:41 PM |
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All aboard! Don't be silly. Those are bolted to the ground. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 10, 2014, 04:45:45 PM |
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Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.
Choo choo. Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange? They get most of them from customers selling (some of which are miners), but when they need extra liquidity, it is rumored they buy on Bitstamp. Keep trying. Sometimes it just says that. |
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FNG
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October 10, 2014, 04:46:35 PM |
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Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means Silicone Valley is buying.
You would think that they could just buy more off the exchange? How complicated is it? I think that is the most annoying thing about Coinbase by far!!! It's usually cleared up within 30 mins. They can't keep all of their btc in a hot wallet. If buyers overwhelm sellers they need to grab from cold storage or buy |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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October 10, 2014, 04:47:26 PM |
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Coinbase wouldn't let me buy today. They claimed that they had sold their daily limit. That means silicone Valley is buying.
Choo choo. Where does coinbase get their coins? Directly from miners? Or do they buy from an exchange? Coinbase buys coins from BitPay. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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October 10, 2014, 04:53:07 PM |
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We are on track to cross over the 12 HR moving average into bull market territory this weekend. That hasn't happened since Paypal announced they would be accepting bitcoin at one of their subsidiaries. At ~$400 we would see the first daily crossover since July 1. Of course that buy signal couldn't have been more wrong, so take market momentum as a guide, but a far from infallible one. What is more encouraging is that the order books are strongly bullish at Stamp and BFX.
I'm keeping some powder dry, but looking for an opportunity to load up, possibly late Sat or Sunday when the banks are closed and buyers are out of fiat. I suspect soon that sellers and the people who made a quick $100/BTC on the latest dip/spike will run out of coins first, but time will tell.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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October 10, 2014, 04:55:14 PM |
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Has anyone else noticed that women tend to run out on you when you need their support the most? I see them as a luxury, something nice to have when times are good but unnecessary and actually a harmful distraction much of the time.
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WeltMaster
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October 10, 2014, 04:55:49 PM |
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All aboard! Don't be silly. Those are bolted to the ground. Not for long :^) |
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karolina
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October 10, 2014, 04:58:08 PM |
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There's gonna be some nice upward movement momentarily....
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BldSwtTrs
Legendary
Offline
Activity: 861
Merit: 1010
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October 10, 2014, 04:58:33 PM
Last edit: October 11, 2014, 09:38:19 AM by BldSwtTrs |
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We are on track to cross over the 12 HR moving average into bull market territory this weekend. That hasn't happened since Paypal announced they would be accepting bitcoin at one of their subsidiaries. At ~$400 we would see the first daily crossover since July 1. Of course that buy signal couldn't have been more wrong, so take market momentum as a guide, but a far from infallible one. What is more encouraging is that the order books are strongly bullish at Stamp and BFX.
I'm keeping some powder dry, but looking for an opportunity to load up, possibly late Sat or Sunday when the banks are closed and buyers are out of fiat. I suspect soon that sellers and the people who made a quick $100/BTC on the latest dip/spike will run out of coins first, but time will tell.
What does 12 HR mean? |
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staffsan
Jr. Member
Offline
Activity: 33
Merit: 3
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October 10, 2014, 04:58:54 PM |
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Has anyone else noticed that the stupid and egocentric type of women tend to run out on you when you need their support the most? I see them as a luxury, something nice to have when times are good but unnecessary and actually a harmful distraction much of the time.
Ftfy. There are nice girls, keep looking. |
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WeltMaster
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October 10, 2014, 04:59:50 PM |
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I still can't get over this volume..
Where has it all come from?
There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 10, 2014, 05:01:00 PM |
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karolina
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October 10, 2014, 05:01:06 PM |
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I still can't get over this volume..
Where has it all come from?
There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.
I'm thinking maybe a lot of people believe we hit bottom, and are looking for entry. Or maybe all the major news over the past 6 months, not priced in yet. |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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October 10, 2014, 05:01:46 PM |
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Has anyone else noticed that women tend to run out on you when you need their support the most? I see them as a luxury, something nice to have when times are good but unnecessary and actually a harmful distraction much of the time.
People are a luxury to each other no matter the gender. We're not obliged to hang on to somebody and he/she is not obliged to hang on to us. Meaningful to say that before attaching to (or even searching for) someone it is vital to obtain your personal peace. Whenever a person has his/her issues and "begs" his/her partner to solve them for him/her, it's most than certain it will be a programmed disaster at the end of the tunnel. Just my BTC0.00000002 PS: Double bottom detected. CCMF imminent? |
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staffsan
Jr. Member
Offline
Activity: 33
Merit: 3
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October 10, 2014, 05:08:25 PM |
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PS:
Double bottom detected.
I believe i already did point this out, along with the most fabulous of pictures, in the previous page!  But yeah, i hear you, CCMF! |
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HerrAndreas
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October 10, 2014, 05:08:31 PM |
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I still can't get over this volume..
Where has it all come from?
There's no major news from what I can tell, it all seems to be from a speculation of a trend reversal.
I'm thinking maybe a lot of people believe we hit bottom, and are looking for entry. Or maybe all the major news over the past 6 months, not priced in yet. all my trading and price developement understanding comes only from bitcoin, but imho "News" start to be priced in just before they become "News". As soon as everybody knows (/thinks/believes/fears/hopes) something it is already in the price. |
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