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Author Topic: 100.000 new coinbase users in 24 hours.  (Read 1161 times)
LeGaulois
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November 04, 2017, 01:39:33 PM
 #21

Blockchain.info wallet is following the same path. They got a little less than 1 million wallets created within 1 month, with over 18 million wallets now. I think Bitcoin is getting massively adopted and used which can also explain the Bitcoin's value increasing at a high speed. It could be interesting to see some others wallet providers giving some data about this trend just to give a better idea.

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November 04, 2017, 01:44:04 PM
 #22

Interestingly, this is the arrival of users who are new to the crypto-currency area, just interested in people that are in search of a good earning. Or is it already experienced and experienced by investment and trading people? Huh
It's impossible to say for outsiders like we are, but I am fairly sure that the more experienced people will go with a dedicated wallet client rather than an online wallet service. But in the end it doesn't really matter for me.

I am happy that more people are slowly but surely finding their way to this market. More people means that in general, more people end up holding a certain number of Bitcoins, and thus spread out everything in a better way.

If they eventually start converting even a small percentage of their savings into Bitcoin, it will have an ever bigger long term impact on this market. I expect this growth to continue to swell further in the coming years.

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November 04, 2017, 01:57:38 PM
 #23

Actually a good thing that more people are interested in bitcoin. CMEs announcement did actually grab a lot of investors attention, which shows that the more institution/organizations start accepting bitcoin, the more people will get to know about it and start adopting bitcoin. Would say this is just the beginning.


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November 04, 2017, 02:09:15 PM
 #24

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.

Maybe that is the reason it is not working properly, I am also one of those 100,000 people. But all I can see for now is a blank dashboard. Nothing is showing in the dashboard, tried changing browser, even system. I think it could be a server problem then, due to overload.
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November 04, 2017, 02:18:03 PM
 #25

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.
Well, that is a great thing for Bitcoin but, a bad thing for coinbase as of now they are having too much users in their wallet = overload for the website. and again that is a great thing for bitcoin due to more demand the price would just go high and high as the demands go higher,

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November 04, 2017, 02:19:53 PM
 #26

It's good news, but too bad they're not aware with true bitcoin potential as decentralized/pseudonymous currency (unless they only care about profit and trust coinbase/government). I just hope the investor/bitcoin adopter won't dump their coin too soon or dump everything at once.

is it 100.000 or 100,000?  Huh If it is a 100K definitely it is a crazy sum of registration for coinbase. Personally I like coinbase because it is simple and user friendly. But of course there are still bugs around that needs improvement on.

Obviously it's 100K, not 100. No one would make news about it if coinbase only have 100 new users in 24 hours Tongue

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November 04, 2017, 02:22:51 PM
 #27

it will be a great news to all people who hold bitcoin right now, because if all people know about bitcoin and bitcoin is more popular in the next time, bitcoin demand in the market will increased than before so, bitcoin price in the market will increased to stabilize demand and the stock in the market, and it will be a bad news to people who don't hold bitcoin like me Sad

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November 04, 2017, 02:24:19 PM
 #28

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.

That’s pretty amazing but I think it could also be because the price it up to $7000. I remember back in 2012 when the price was jumping up to around $500, I wanted to get in on it before it took off, so I opened a Coinbase account at that time. I think the same thing is happening now with people getting interested as the price is going up and people are saying a Bitcoin could be worth $250,000 in two years. They are trying to jump on the band wagon.

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November 04, 2017, 02:33:44 PM
 #29

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.
Well, that is a great thing for Bitcoin but, a bad thing for coinbase as of now they are having too much users in their wallet = overload for the website. and again that is a great thing for bitcoin due to more demand the price would just go high and high as the demands go higher,

From that news we can get the knowledge that demand of the bitcoin has been increased which means the price will be increase more.At present the bitcoin price is nearly $ 7500 which is five times more than the value of bitcoin at the starting of this year.

But i don't thing that about 100,000 new users because it is that actually they work for the income for the coinbase will increase from the transaction fee.So they don't have to worry about over load just have to make the powerful development team to make sure that wallet is safe and secure to use.


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November 04, 2017, 03:00:47 PM
 #30

OMG. Thats a huge number of users for a one day period.Lets hope crypto will be bigger.

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November 04, 2017, 03:04:44 PM
 #31

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.

This is a great go for the coinbase and their users. They might comes with the new update in the wallet or give out the bitcoin gold reward as they email to their users.
I got last week email states that they will give the bitcoin gold reward equivalent amount what I have in my coinbase wallet.
Their world states and trading limit will increase so it completely good for the Coinbase team.


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November 04, 2017, 03:12:12 PM
 #32

Also, I think it is likely that customer base of Coinbase will keep growing as price of bitcoins and cap of total crypto market keeps going up.
This is the point that makes no sense.  You're using this statistic to suggest that the bull market will continue for "a while".  But an increase in users just suggests that people are buying BTC now, not that they will in the future.

That kind of false logic is what drives people to buy in higher and higher into bull markets until eventually it crashes.

If anything, it suggests that the increase in users was so much quicker than usual that it could imply we're nearing the top of a bubble phase (desperation to buy in).

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November 04, 2017, 03:15:03 PM
 #33

I think the main reason for this case is Coinbase is one out of the best wallets are going to support the upcoming hard fork. And at this time Coinbase is the only wallet announced that they will support the hardfork so when another wallet going to support it to I think the number of user will decrease quickly Smiley)

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November 04, 2017, 03:18:16 PM
 #34

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.
Well this might be the reason in the sudden price increase of bitcoin. The reason why we are not able to forecast any upcoming correction. Its good to hear that more and more people are connecting themselves with this crypto. Mass adoption and reducing hurdles is the only way to adopt btc as a world currency.


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November 04, 2017, 03:18:31 PM
 #35

I'm not surprised that 100k people are after free 2X coins  Tongue

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November 04, 2017, 03:20:11 PM
 #36

every time there is a bump in the bitcoin price that happens!
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November 04, 2017, 03:22:21 PM
 #37

more pump coming soon
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November 04, 2017, 03:36:49 PM
 #38

I believe that the surge of new coinbase users are due to the latest price increase of Bitcoin which gave attention to the new users to join late in the price action of Bitcoin. Also another scenario I could see is that these people who now have interest with Bitcoin has asked people who they know has knowledge with BTC and asked them how to start trading with Bitcoin, of course these new users will encourage them to invest in Bitcoin and will most certainly show an easy option to buy Bitcoin which Coinbase can offer.

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November 04, 2017, 03:41:51 PM
 #39

I’ve come across this news:

https://cointelegraph.com/news/bitcoin-exchange-coinbase-adds-100000-users-in-24-hrs-shows-surging-interest-in-crypto

At first, I couldn’t believe it, 100.000 new users are a lot of users. The article says it is due to CME announcement but what I think as a result of it is that it is just the beginning of the next push. Unless some major unexpected event happens, we are on a bull market for a while.

This is a great go for the coinbase and their users. They might comes with the new update in the wallet or give out the bitcoin gold reward as they email to their users.
I got last week email states that they will give the bitcoin gold reward equivalent amount what I have in my coinbase wallet.
Their world states and trading limit will increase so it completely good for the Coinbase team.


well its right so with this type of news more people will be getting interested how crypto works, coinbase attracts more users and if most of them
start investing and be well aware about this industry for sure it can be multiply much more, congrats coinbase for having numbers of new users.

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November 04, 2017, 03:47:19 PM
 #40

is it 100.000 or 100,000?  Huh If it is a 100K definitely it is a crazy sum of registration for coinbase. Personally I like coinbase because it is simple and user friendly. But of course there are still bugs around that needs improvement on.

if i am not mistaken this is a European thing, they use "." (dot) as thousands separator. so that is indeed 100K.

and that is not just Coinbase, there have been a lot of other signs. other websites are seeing more traffic, the google trends should show higher searches too, there is also increase in trading volume by that much, and on top of it all we can see the increase the number of transactions which is shown in the unconfirmed ones (50k currently)

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