Bitcoin Forum
March 29, 2024, 10:59:59 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-06-20] Coinbase CEO: ‘I’ve Come To Enjoy’ Bitcoin Price Lows  (Read 165 times)
BitcoinArsenal (OP)
Hero Member
*****
Offline Offline

Activity: 924
Merit: 556


View Profile
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
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711709999
Hero Member
*
Offline Offline

Posts: 1711709999

View Profile Personal Message (Offline)

Ignore
1711709999
Reply with quote  #2

1711709999
Report to moderator
vit05
Hero Member
*****
Offline Offline

Activity: 672
Merit: 526



View Profile
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.
darkangel11
Legendary
*
Offline Offline

Activity: 2310
Merit: 1337


Defend Bitcoin and its PoW: bitcoincleanup.com


View Profile
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.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
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.

Believing in Bitcoins and it's ability to change the world
FrueGreads
Legendary
*
Offline Offline

Activity: 1582
Merit: 1059


View Profile
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.

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

                   BitCloak Bitcoin Mixer  
  BTC & BCH | API| MULTIADDRESS| PGP PROOF|  FAST MIX |  ESCROW|  MORE ! 

░░░░░░░▄▄▄▄▄▄
░░░░▄██████████▄
░░░██████████████
░░██████▐▌██████
█████░░░░░░░▀█████
██████▄▄░░▄▄░░██████
████████░░▀▀▄██████
████████░░▄▄▄░░█████
██████▀▀░░▀▀▀░░█████
█████░░░░░░░░█████
░░██████▐▌██████
░░░██████████████
░░░░▀██████████▀
░░░░░░░▀▀▀▀▀▀
░░░

gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3008


Welt Am Draht


View Profile
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.
TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
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.

fortitudinem multis - catenum regit omnia
buwaytress
Legendary
*
Offline Offline

Activity: 2758
Merit: 3408


Join the world-leading crypto sportsbook NOW!


View Profile
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.

██
██
██
██
██
██
██
██
██
██
██
██
██
... LIVECASINO.io    Play Live Games with up to 20% cashback!...██
██
██
██
██
██
██
██
██
██
██
██
██
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
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.

Believing in Bitcoins and it's ability to change the world
Mahanton
Hero Member
*****
Offline Offline

Activity: 2660
Merit: 623



View Profile
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?

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
jjacob
Legendary
*
Offline Offline

Activity: 1554
Merit: 1026


★Nitrogensports.eu★


View Profile
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.


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!