100.000 new coinbase users in 24 hours.

[Don Pedro Dinero]

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.

[Emoclaw]

It's great news that people are interested in Bitcoin. But it's horrible news that they use Coinbase to exchange it.
I don't know what impression Coinbase's issues and terrible customer support will give to these new users but I can guess that it won't be very good.

It's especially a bad time to start Bitcoin adventures with Coinbase with the upcoming fork and all.

[STRAKS]

That is incredible - not many companies can boasts about those figures.

[lazcemal]

isn't that because of the futures announcement? i'm not sure though.

[tyuner4]

This is good news for the crypto, 100,000 users in 24 hours is amazing. Let’s hope trading of Bitcoin Futures will be approved, it will bring more users to crypto.

[777Bitcoin]

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.

Then the increases is legit with one of theses reason, more user, more investors and  more demands means bitcoin price increase and more bitcoin on hold. 10000 is a big number of account for a day then maybe Coinbase done a good job on marketing itself and most of this users/members might be from the American states as Coinbase is licensed there.

[Wicked17]

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.

100,000 new coinbase user thats crazy! bad thing is that they register in an exchange with so many bad feedback from their recent users. Anyway that is a good sign for bitcoin because so many people starting to believe in crypto currency now = more new investors. For sure the bitcoin price will still continue to pump until the end of the year.

[Iranus]

It's great news that people are interested in Bitcoin. But it's horrible news that they use Coinbase to exchange it.

Also important is that we're trying to measure BTC's support and justify the price by the number of people that sign up to exchanges, rather than by actual merchant support or other more useful metrics.

All it shows is the amount of hype, which is building up because we're most likely quite deep inside a bubble.  While this hype continues to build up, there will be a lot of new users and people who scramble to get in.

Unless some major unexpected event happens, we are on a bull market for a while.

Why?  How does an increase in buyers affect the number of buyers in the future?

[Don Pedro Dinero]

It's great news that people are interested in Bitcoin. But it's horrible news that they use Coinbase to exchange it.

Also important is that we're trying to measure BTC's support and justify the price by the number of people that sign up to exchanges, rather than by actual merchant support or other more useful metrics.

All it shows is the amount of hype, which is building up because we're most likely quite deep inside a bubble.  While this hype continues to build up, there will be a lot of new users and people who scramble to get in.

Unless some major unexpected event happens, we are on a bull market for a while.

Why?  How does an increase in buyers affect the number of buyers in the future?

I don’t understand very well why you are asking that after quoting me. I am saying that we are in a bull market because we already are. And I am also saying that we will be on a bull market (unless some major unexpected event happens, like if we have something similar to the Mt. Gox case) because news like this point to it. Those 100.000 new users won’t have already bought bitcoins yet. In fact, I’ve got a Coinbase account and I haven’t put any money in that exchange. However, many of new users will. 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.

[GabrielKiara]

It's Great!! More people comes and and became interested in blockchain technology It may also be the investors, and certainly can make bitcoin prices increasing to the moon  .

[NorrisK]

100,000 new users in a single day is insane..

If this really represents the next influx of new users, we are in for some intense price growths as these people scramble to get into bitcoin.

[kangjiasg]

is it 100.000 or 100,000?  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.

[wellsontheja]

It's great and amazing and actually i glad hear people are interested in bitcoin. But it's a bit horrible for me that they use coinbase to exchange it, idk what impressiom coinbase's issues and terrible customer support it's especially a bad time to start adventure with coinbase.

[ice18]

Looks like more new bitcoin users are interested in the popularity of cryptocurrency especially bitcoin This is a good news for all of us the more users means more stable bitcoin ecosystem.

[Jet Cash]

It's probably one user - Amazon, Obama, Soros or the like.

[ranggawulung]

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?

[jimbo2000]

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.

There is so much positive publicity around bitcoin lately and that just leads to lots of new people arriving due to FOMO, it's actually in some ways a bad thing because often they don't know really anything about bitcoin or understand its volatile nature and so they're the ones that lead to the price crashing when there is a first negative sign.

[BitcoinIsAlgebraic]

Really good news for Bitcoin that more people are looking into investing.

[joebrook]

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 actually good but such a number within 24 hours is really something else, I am sure that the skyrocketing prices has got some people really interested in bitcoins now and they are all willing and ready to join the bandwagon at this juncture.

[talkbitcoin]

the CME news was indeed huge and unexpected. it even caused this big price rise from $4xxx range up to $7000 and the first $1000 was the insiders who bought bitcoin, and by that time i was wondering where the hell this demand was coming from. now i know.

of course there is always the fact that Coinbase can lie, and it is more of an advertisement it may be close to that number but not quite. simply making the headlines is a big advertisement which will push them towards it!