100.000 new coinbase users in 24 hours.

[whoisyourking]

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.

Wow it is a good news or bad news? In our country bitcoin is hot topics for news television channels because of so many issue like some company uses bitcoin for scamming.. the effects is many people here think that bitcoin is a huge mistakes for the investor and not going into bitcoin so sad..

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[SixOfFive]

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.

Thats Amazing to know...it means BTC is gaining more popularity. This will increase the price as well as market cap of BTC.
Also hard Forks like segwit2x and BTG also encouraged Alt-coin investors to reinvest in BTC and encash this opportunity.

[btcprospecter]

And so the number of people starting to use bitcoin increases that's just 24 hours it would be interesting to see those stats over the last couple of years.

[batang_bitcoin]

And so the number of people starting to use bitcoin increases that's just 24 hours it would be interesting to see those stats over the last couple of years.

This news is way back this early of May this year. http://www.newsbtc.com/2017/05/27/coinbase-ceo-claims-company-saw-40000-user-registrations-one-day/
So for just a span of 6 months there is more than 100% increase to the percentage of their daily registrations. It only means that they are popular, bitcoin is popular and many people are starting to step in crypto.

[tiger2monkey]

Very impressive number! At this pace, 3 million new users per month. Bitcoin is gradually becoming mainstream.

[btcrich]

This single news of the listing of bitcoin into the derivatives market will push bitcoin to new levels without a doubt ,earlier this year the wall street money started poring into bitcoin and now the derivatives market has given another push and whenever i think we could see a good correction because of the rally it had in the past few months,more positive news are coming out and good to see this much of new users coming into a single online wallet.

[farhaan]

Its mainly due to CME announcement that it would release Bitcoin futures very soon and it has sparked the entire market.CME is a well known name in the market.Bitcoin price has reached $7,317 today.

Surely,it would take bitcoin in to main stream and the demand for bitcoins would increase very high.Btcoin has taken almost eight years to reach this price.We could expect bitcoin price to even double within a year and it would not be a surprising thing.

But,its also said that bitcoin may face crash in future as it happened in tulip in 1600 since tulips were traded only in contracts and same kind of contract sale would be in bitcoin futures which is cash settled and bitcoins could be delivered at the end time of contract.

[Pettuh4]

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 amazing,  as long as it isn't bots,  I feel that it will help bitcoin continue to go up a good deal!

Hope they are not games being played by these online wallets, I have withdrawn my stock of bitcoins from coinbase into my safe for the time being and i hope to return  them when the coast is clear but for now i am playing it safe and i hope so should many others like me because 100000 new accounts? i smell a fish.

[Lipe490]

I have never had any issues with Coinbase, but unfortunately here in my country I can use the only as a wallet for bitcoin and ethereum, I don't know why but they do not allow for us to buy and sell on their platform. After this great increase of bitcoin it's normal people get more curious about it and try to get some profit, and it's also normal seeing people who said bitcoin is a bubble come back and buy bitcoin again.

[dimastegar]

100k users within 24 hours. Maybe this will be a record for Coinbase. And no wonder, surely they have an outstanding Advisor team. I'm sure the promotion they are doing is the first step that will change the world of crypto. With hundreds of thousands of new users, the demand (and price) of Bitcoin is expected to eventually explode. It is estimated that currently less than 0.5 percent of the global population is invested in crypto space.

[hilariousetc]

That'll be one hundred thousand more complaints pretty soon. They can't even respond to their current userbase's customer support requests so shit is about to hit the fan with them. I sent them ten plus messages over 5+ months and didn't get a single response back and couldn't withdraw cash to my bank despite successfully verifying it numerous times. In the end I just bought my coins back and sold them on Kraken without a hitch.

[Yakamoto]

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.

Probably a mix of the announcement and a bunch of people diving into Bitcoin due to the FOMO. I used coinbase when I was first getting into Bitcoin (mostly because they were still okay as a company at the time and weren't doing anything too insane with their users) and it seems like the go-to for new users, regardless of how much they have to invest and what their strategies are.

Definitely a bull market now, though. There will be little changing for a while, hopefully.

[Tamilson]

Its mainly due to CME announcement that it would release Bitcoin futures very soon and it ha sparked the entire market.

Definitely it is and other news that are booming in the wall street makes everyone giggles.
These waves of people that sign up in coinbase are the one's that heard of bitcoin new ATH and drives them to buy some pieces and that somehow also affect the price. We're now sitting on $7000 and up and the bull run hasn't stop so we can expect more things to unveiled.

[awilliams]

This just goes to show the power of bitcoin. Lots of people coming in means the price skyrocketing. I wouldn't doubt that it'll break $8k before december.

[PrimeBlackBelt]

One wonders - How many of those are bots?

[ponicita]

I dont believe it, to me its impossible
If that would be true then they will have 36.500.000 new users in a year  yeah right
Unless 99% are bots

[aoihs00]

Thought so something like this will happen after the CME announcement. But is it enough news for crypto world to get this much trust rating as to 100.000 people just got registered overnight ? I mean thats really amusing how things are started working up here. It could happen that the bitcoin price will rise a lot now, with the good news plus hard fork news everything will catch the fire and we will see bitcoin surging above 10K USD this Christmas, May be party time really!

[pooya87]

my speculation is that this is the main reason for the current rally and also the follow up rises that will come after the fork. the CME announcement has led to a lot of positive publicity and caused a lot of investors to start thinking about bitcoin. so many of them already invested but a lot others are waiting for their account verification, money deposits and also more importantly they are waiting for the fork to happen before they start investing and that means we most probably will have more rallies on the horizons.

[HabBear]

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 kind of funny, because what the CME approved wouldn't be available through Coinbase. Coinbase isn't offering bitcoin futures. I suppose the good news could drive people to buy bitcoin for the first time, but the relationship between the two events is human behavior irrationality, rather than causal correlation.

[Lagduf]

I dont believe it, to me its impossible
If that would be true then they will have 36.500.000 new users in a year  yeah right
Unless 99% are bots

Are you sarcasting or just being plain dumb? It's mentioned that they just got all these amount of new users within 24 hours doesn't mean that they always get the same amount of additional new members in the entire year.
It's just rare event that makes it's gets published in many media and no 99% can't be bot because coinbase require verification ID.