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Author Topic: COINBASE JUST DUMP 75MIL INTO BITCOIN  (Read 3975 times)
dr1980m
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January 26, 2015, 03:53:20 PM
 #21

bit coin prize rise up 300 dollar because of coinbase
then prize drop 250 dollar because of coinbase
i think it's funny Smiley
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January 26, 2015, 07:11:33 PM
 #22

I guess those money were used to pay the license fees for each state so that they could start the operation in US with a big coverage

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January 26, 2015, 09:19:55 PM
 #23

look like manipulate price, for some people take it profit

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January 26, 2015, 11:22:39 PM
 #24

look like manipulate price, for some people take it profit

the price can be easily manipulated like any other altcoins there are some manipulation happening.
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January 26, 2015, 11:26:11 PM
 #25

You may want to read the article.  It explains that this is basically an investment in coinbase operations and expansion, which is good for bitcoin, but not the same as someone buying 75 million USD worth of coins.

I did read the article, but I still don't understand. 75 millions is a very large sum, how can they spend so much in coinbase operations and expansion? are they planning to advertise on TV?

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January 27, 2015, 11:50:27 AM
 #26

The price only went up for a while, then back to normal
It's must be nice for anyone who already sell at $300

yup, sold some of it at $300 and i knew it this is just a fast pump and now its gonna fall again.
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January 27, 2015, 11:52:00 AM
 #27

No one just dumped 75m into bitcoins lol

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January 27, 2015, 11:56:54 AM
 #28

they bought back a portion i think, they caused the recent  dump and the pump i guess
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January 29, 2015, 10:32:33 AM
 #29

You guys are seriously going to trust a brand new account posting something like this? The price is on the increase but it's very steady at the moment, nothing dramatic is going to happen yet, I'm expecting it to return to $300 - £350 and stay there if nothing goes horribly wrong.

That is my hope too. Stable price is what we want.

and steady price is what you got.
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January 30, 2015, 07:48:24 AM
 #30

NOW IS THE TIME TO BUY!!!

Coinbase rick rolled us fellas.

http://www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.html

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January 30, 2015, 07:59:27 AM
 #31

Looks like FUD. Must be a slow day for ambulances.

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January 30, 2015, 08:51:45 AM
 #32


No one is trying to FUD Bitcoin.  I still actively sell silver for BTC at spot price and sell other things for Bitcoin as well.

I'm working on putting together a legal team in SF.

Not attempting to hurt Bitcoin, but not getting Rick Rolled either...  Not sure why more Bitcoiners aren't pissed about this.  Coinbase fucked us royally in a number of ways.

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January 30, 2015, 09:10:01 AM
 #33

 Coinbase fucked us royally in a number of ways.
Name one.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 30, 2015, 09:12:35 AM
 #34

 Coinbase fucked us royally in a number of ways.
Name one.

Seriously?

Lying to the media, not correcting the media, high pressure sales, market manipulation and I'm sure the list goes on.

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January 30, 2015, 09:14:58 AM
 #35

 Coinbase fucked us royally in a number of ways.
Name one.

Seriously?

Lying to the media, not correcting the media, high pressure sales, market manipulation and I'm sure the list goes on.
Ok I see you are just spreading FUD in multiple threads.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 30, 2015, 09:15:53 AM
 #36

Ok I see you are just spreading FUD in multiple threads.

Ok fuck face sounds good.

People deserve to know what actually happened on Sunday.

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January 30, 2015, 09:20:39 AM
 #37

Lying to the media, not correcting the media, high pressure sales, market manipulation and I'm sure the list goes on.
High pressure sales is code for butthurt, but then I see you are a buttcoiner and are used to it. The rest is unsubstantiated and suspicious allegations.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 30, 2015, 09:53:22 AM
 #38

Ok I see you are just spreading FUD in multiple threads.

Ok fuck face sounds good.

People deserve to know what actually happened on Sunday.

All this pump and dump, and sudden price drops and spikes are possible when majority of bitcoin is hold by only couple of people. When you sell large amount of bitcoin from one source market will go crazy instantly, people start to panic and that is why we can't have stable bitcoin.


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January 30, 2015, 10:26:10 AM
 #39

at 75mill the price hop should have been bigger
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January 30, 2015, 10:46:27 AM
 #40

at 75mill the price hop should have been bigger

This is Charlie Lee at Coinbase. I can confirm that we are indeed in the SF financial district. The HQ pictures are not staged. lol

The reason why we don't publicize our actual address is for the exact reason mentioned in this thread. Like someone said, banks and jewelry shops have been robbed for a lot less money. We have implemented security measures (cold storage, key splitting, ninja guards, etc.) to prevent rogue employees and armed gunmen from stealing the bitcoin we have stored for our users, but people don't know that. After hearing stories of how BitStamp lost 19,000 BTC, a crazy guy might just think it's worth the risk to come rob our office. And if they manage to get through our security to get to our office and find out that we aren't able to access the bitcoin, they are not going to be very happy. You can all imagine that this is NOT a situation we want to ever see ourselves in.

We'd rather be safe than sorry!

And to answer some of your questions.
A) We never claimed to be licensed in CA. The press did. I guess they just assumed we were. They also incorrectly claimed that we supported 25 states, when in fact we only supported 23 states + Puerto Rico at launch. We just started supporting Nebraska today.
B) The coinbase.com/lunar site was just a fun way to tease people on the internet and to create some buzz.
C) We've had USD wallets on Coinbase for 1.5 months now. You could have easily gotten money on our system and bought coins before we released the exchange. And if you had money in your USD wallet at launch, you would have been able to use our exchange immediately.
D) Our VC money is not meant to be used to speculate on Bitcoin price nor is it sane for us to support the Bitcoin price. We do not control the price. The market does.
E) It's not a fake address. We receive mail at that address.

https://www.youtube.com/watch?v=BROWqjuTM0g

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