True story. I took a screen shot for the disbelievers. Bullish indeed. Now if only ethereum will stop selling all those coins.
http://imgur.com/hgoMUXfDamn, I did not know a company as big as coinbase could go through something like this. I am excited for bitcoin.
Don't you guys remember March 2013? This was happening to Coinbase day after day. During that ramp, they were constantly out of coins to sell. Remember that they were much smaller then, and still on their initial seed investment. So they had a tiny liquidity pool, probably few developed relationships with coin suppliers, a small customer base, and little (relative) funding. So clearly when demand for coins rose, they weren't able to meet it, and gave users the "sold out" message.
I would expect their supply channels and volumes to be A LOT more flexible these days, so I'm slightly surprised to see this happening again. Perhaps most of the selling occurs on exchanges, while the retail outlets like Coinbase capture tons of small buys when they price drops quickly.
