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Author Topic: [2018-06-20] Coinbase CEO: ‘I’ve Come To Enjoy’ Bitcoin Price Lows  (Read 69 times)
BitcoinArsenal
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June 20, 2018, 04:40:45 PM
 #1

In a series of tweets aimed at the employees of the United States’ largest cryptocurrency exchange and wallet provider, Armstrong compared three cycles of Bitcoin prices from 2013, 2014, and 2017, respectively — noting the market leader’s “up and down cycles.” Full article on Bitcoinist

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June 20, 2018, 05:50:04 PM
 #2

 But the Dayle volatile is % become small. I think after we stop getting horrible news every week. We will see the price continue go up. Without the crazy party from December.


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June 20, 2018, 07:17:37 PM
 #3

I really like reading bullish opinions that actually make sense. What we're witnessing is a normal process that every single stock goes through, the difference is that less volatile ones go 200% up and then go back to the trendline, while BTC goes 700% up before correcting and it usually makes people think that it's dying because it lost 70% of its value and they couldn't be more wrong.
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June 21, 2018, 08:49:25 AM
 #4

I really like reading bullish opinions that actually make sense. What we're witnessing is a normal process that every single stock goes through, the difference is that less volatile ones go 200% up and then go back to the trendline, while BTC goes 700% up before correcting and it usually makes people think that it's dying because it lost 70% of its value and they couldn't be more wrong.

Crunch price is around 34-35% of ATH so in the sweet spot, the real question is how long it stays in a sideways range before beginning a new cycle and if the cycles will get faster as the scale and usage rise. Buy when others are fearful after all or pessimism lies that is when the true market opportunity does arise.

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June 21, 2018, 10:45:37 AM
 #5

But the Dayle volatile is % become small. I think after we stop getting horrible news every week. We will see the price continue go up. Without the crazy party from December.

I think it's normal for volatility to be smaller these past months. Right now, o one is really buying bitcoin, and the changes in price that we keep seeing are mostly generated by traders. Probably similar to what happens in stock markets, and from that point of view it makes sense that the volatility and volume has decreased a lot.

We will only see a big growth again when something really big happens, like institutional investors joining BTC, ETFs being launched, Amazon or a similar company accepting bitcoin, etc.

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June 21, 2018, 11:55:26 AM
 #6

I hope they're getting their shit together properly because the next bubble will be truly staggering to behold in its sheer magnitude. I don't see how any of these operations can ever hope to keep up. They're trapped in a cycle of being swamped and then the lows not making enough money to keep up the staff required.

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June 21, 2018, 02:58:09 PM
 #7

The only reason Brian "BCash" Armstrong likes low prices is it allows his shoddily-run corporation catch up with all the mistakes they've made.

Isn't it funny, everyone who partners with Lyin' Roger Ver is either a complete shitshow, or is nearly incompetent? (Mark Karpeles, Mt Gox).

Fuck coinbase -- they don't deserve your business.

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June 21, 2018, 03:05:19 PM
 #8

Funny that someone with enough experience in Bitcoin markets to dwarf most of us here, including yours truly, should only come to enjoy them now, but at least he's finally "seen the light". I've only been owning Bitcoin for a couple of years, and even with the first ATH in 2017 I was already enjoying every dip since... not that I was really able to add much to my holdings at the time, or at any other time for that matter.

He has no other choice but to enjoy it, anyway. He spent so much trying to dislodge Bitcoin and finally understands that anything he works on as the alternative is inexplicably linked to Bitcoin.

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June 21, 2018, 04:42:39 PM
 #9

I hope they're getting their shit together properly because the next bubble will be truly staggering to behold in its sheer magnitude. I don't see how any of these operations can ever hope to keep up. They're trapped in a cycle of being swamped and then the lows not making enough money to keep up the staff required.

It's actually quite amusing the money from the rallies funds the lull. Then during the lull they catch up to all the errors they made and downsize a bit to prepare for the next cycle, I agree though they are really just getting swamped.
On the bright side new price lows are still higher than old price highs in the long run so the businesses that have been around longer operated on the concept of a lower bitcoin price and keep the operations in the green.
That said it will be a while before consolidation to many new emerging companies in the industry, likely the next cycle will see a correction.

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June 21, 2018, 06:46:12 PM
 #10

I hope they're getting their shit together properly because the next bubble will be truly staggering to behold in its sheer magnitude. I don't see how any of these operations can ever hope to keep up. They're trapped in a cycle of being swamped and then the lows not making enough money to keep up the staff required.

It's actually quite amusing the money from the rallies funds the lull. Then during the lull they catch up to all the errors they made and downsize a bit to prepare for the next cycle, I agree though they are really just getting swamped.
On the bright side new price lows are still higher than old price highs in the long run so the businesses that have been around longer operated on the concept of a lower bitcoin price and keep the operations in the green.
That said it will be a while before consolidation to many new emerging companies in the industry, likely the next cycle will see a correction.

new price lows are still higher than old price highs

This is the thing on where most people cant see of which they do only focus on the current movement or on where the price did able to reach out and when they do see a fallback or decline they do already murmur on such situation. We are now on sideways which is really good for accumulation but the thing here is that you would still able to trust up?

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June 21, 2018, 09:01:37 PM
 #11

The only reason Brian "BCash" Armstrong likes low prices is it allows his shoddily-run corporation catch up with all the mistakes they've made.

Isn't it funny, everyone who partners with Lyin' Roger Ver is either a complete shitshow, or is nearly incompetent? (Mark Karpeles, Mt Gox).

Fuck coinbase -- they don't deserve your business.

In the case of exchanges, I believe that you should go with the exchange with the lowest fees (as long as you are convinced that they are legit exchanges which won't scam you).
That is one reason why I think you should avoid Coinbase too. I am enjoying the low prices as well.


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