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Author Topic: Coinbase - Bullish sign?  (Read 3998 times)
leemar
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October 31, 2013, 05:54:26 PM
 #1

Coinbase is almost as expensive as Gox now.   Are they are struggling with the influx of new buyers/subscribers, it looks like the number of wallets is up 30k in the last couple of weeks.
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thetopham
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October 31, 2013, 06:21:17 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

once I sold, now I hold: 1NmPGsSFQdRYbBQbYyBhVs7aiqYF7mpbAB
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leemar
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October 31, 2013, 06:22:59 PM
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Ouch.

Almost 210 now.
SheHadMANHands
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October 31, 2013, 06:30:32 PM
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Lots of noobs use Coinbase to buy, or are otherwise referred to Coinbase.
Hfertig
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October 31, 2013, 06:33:57 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

No worries, you will be able to buy at least 10 btc back with the money within the next year...
tutkarz
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October 31, 2013, 06:35:18 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

I learned this lesson long time ago: never ... sell ... bitcoins ...
Of course if I can buy something using them I'm doing this right away.

SheHadMANHands
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October 31, 2013, 06:36:07 PM
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This should almost completely dismiss the claim that Americans have funds "stuck" on Gox and are looking to get off.  You could now buy there and sell on Coinbase with like a 3% spread..
leemar
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October 31, 2013, 06:38:25 PM
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Lots of noobs use Coinbase to buy, or are otherwise referred to Coinbase.

My thoughts exactly.  

As I understand it they often source from Bitstamp, but I suspect that when they get stretched it shows in the price and spread.
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October 31, 2013, 06:39:06 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

No worries, you will be able to buy at least 10 btc back with the money within the next year...

I guess you are one of those guys who sold bitcoin's and now are hitting wall with yours head because you regret this? It looks like this anyway. I'm sorry for you but I wouldn't count on lower prices in the future anyway. Bitcoin is not going to wait for you.

SheHadMANHands
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October 31, 2013, 06:41:29 PM
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Lots of noobs use Coinbase to buy, or are otherwise referred to Coinbase.

My thoughts exactly.  

As I understand it they often source from Bitstamp, but I suspect that when they get stretched it shows in the price and spread.

Ya, I wouldn't be fooled into thinking they just profit off bank transfers.  They've got enough spread between buy/sell...  Right now, in the US, I suspect they're leveraging the sort of monopoly position they have for quick bank transfers.  Sounds like Circle may change that.
leemar
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October 31, 2013, 06:43:59 PM
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Circle?
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October 31, 2013, 06:45:20 PM
 #12

Circle?

Circle.com


Amazed there is not more talk of it on here, it's the biggest VC investment into bitcoin thus far
Hfertig
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October 31, 2013, 06:46:16 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

No worries, you will be able to buy at least 10 btc back with the money within the next year...

I guess you are one of those guys who sold bitcoin's and now are hitting wall with your head because you regret this? It looks like this anyway. I'm sorry for you but I wouldn't count on lower prices in the future anyway.

Very bad guess...

No, I am one of the guys who bought in 2010 and sold my whole stack at at current prices... There is no way I would ever regret this...

I guess you are one of the guys who bought at 120-150 will be the guy who is shitting his pants when we see 100.... or lower....



leemar
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October 31, 2013, 06:48:34 PM
 #14

Circle?

Circle.com


Amazed there is not more talk of it on here, it's the biggest VC investment into bitcoin thus far

Nice

Can't believe I missed that one!
leemar
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October 31, 2013, 06:51:51 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

No worries, you will be able to buy at least 10 btc back with the money within the next year...

I guess you are one of those guys who sold bitcoin's and now are hitting wall with your head because you regret this? It looks like this anyway. I'm sorry for you but I wouldn't count on lower prices in the future anyway.

Very bad guess...

No, I am one of the guys who bought in 2010 and sold my whole stack at at current prices... There is no way I would ever regret this...

I guess you are one of the guys who bought at 120-150 will be the guy who is shitting his pants when we see 100.... or lower....



Well done, you must have paid about 10 cents or less and look at a 2000 x gain in three years, just because  most people hadn't  heard of Bitcoin in 2010  doesn't mean it's  a bad idea.
BitchicksHusband
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October 31, 2013, 06:58:41 PM
 #16

I'll say "Well done" when it DOESN'T go up to $10,000 or more. If it does, it wasn't well done giving up millions of dollars.

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Hfertig
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October 31, 2013, 07:00:16 PM
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Unfortunatly it was a bit more than a few cents.... but lets talk in again in a few month from now...everyhing else is speculation

And you are right, most people have never heard about bitcoin.... and never will.

What makes you so sure that we will only go up from here ? Bitcoin has proven to be very volatile and we know that every rally comes to an end.

Everything which goes up, especially as parabolic as bitcoin, will come down at some stage. The only question is, how deep will it go. I don´t believe it will be single digits, but double digits could very well happen. In my view much more likely than another 100% up.
mccorvic
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October 31, 2013, 07:03:07 PM
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not sure, I just sold my 3 bitcoins tho at $202 and now its still going up. sadface

Bad move brotha. Buy and hold.

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Hfertig
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October 31, 2013, 07:03:58 PM
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I'll say "Well done" when it DOESN'T go up to $10,000 or more. If it does, it wasn't well done giving up millions of dollars.
I wish I could share your optimism. I might be in the game for too long to be that optimistic. I can remember that I found $20 too expensive to buy any additional coins.... and that´s only a few month ago...
mccorvic
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October 31, 2013, 07:04:20 PM
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What makes you so sure that we will only go up from here ? Bitcoin has proven to be very volatile and we know that every rally comes to an end higher than where it started

FTFY

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