Nagle (OP)
Legendary
 Offline
Activity: 1204
Merit: 1000
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February 04, 2015, 06:56:06 PM |
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Well, it looks like Coinbase did a pump and dump backed by heavy publicity.  Timeline - Jan 20 - Coinbase announces new VC funding and runs "To The Moon" promotion.
- Jan 27 - First reports that Coinbase is operating without licenses
- Jan 28 - New York Times covers lack of licenses.
Post-Coinbase, Bitcoin is back where it was pre-Coinbase. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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LewiesMan
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February 04, 2015, 06:56:44 PM |
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Damn, this sucks but a lot of people profited from this pump.
Then again, many lost.
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Nagle (OP)
Legendary
Offline
Activity: 1204
Merit: 1000
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February 04, 2015, 07:01:37 PM |
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Damn, this sucks but a lot of people profited from this pump.
Then again, many lost.
Of course. Bitcoin is zero sum. For every winner, there must be a loser. |
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NotHatinJustTrollin
Full Member
Offline
Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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February 04, 2015, 07:01:42 PM |
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Obvious pump&dump was obvious: I'm gonna spell it out for you guys:
Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!
It's not difficult to understand! It's always the same thing.
Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL
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LewiesMan
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February 04, 2015, 07:05:24 PM |
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Damn, this sucks but a lot of people profited from this pump.
Then again, many lost.
Of course. Bitcoin is zero sum. For every winner, there must be a loser. Unless the exchange rate is constant! |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 04, 2015, 07:31:01 PM |
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I thought the pump really started at 190?
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manis
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February 05, 2015, 01:30:40 AM |
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Damn, this sucks but a lot of people profited from this pump.
Then again, many lost.
Of course. Bitcoin is zero sum. For every winner, there must be a loser. Unless the exchange rate is constant! Doesn't change the fact that it is a zero sum game. |
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thejaytiesto
Legendary
Offline
Activity: 1358
Merit: 1014
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February 05, 2015, 02:25:22 AM |
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Damn, this sucks but a lot of people profited from this pump.
Then again, many lost.
Of course. Bitcoin is zero sum. For every winner, there must be a loser. Everything is a zero sum. Also greece is bailing out, i dont know if it will have an impact in the price, it might. |
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ajw7989
Legendary
Offline
Activity: 924
Merit: 1000
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February 05, 2015, 04:00:20 AM |
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This is only the beginning. NY bitlicense proposals just came out and once finalized coinbase will become a regulated exchange in NY. We should then see it pump again and stabilize until the next news which is the gemini exchange. As long as it stabilizes at the next pump we should be ok. Of course we can not drop anymore either since this news is about a month or two away.
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Dilla
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February 05, 2015, 04:02:00 AM |
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Coinbase--->Gemini----->ETF
upuPUP
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BayAreaCoins
Legendary
Offline
Activity: 3920
Merit: 1240
Owner at AltQuick.com & FreeBitcoins.com
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February 05, 2015, 04:05:30 AM |
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Seriously fuck Coinbase. They aren't going to walk away without dropping a chunk of change on that EPIC fuck up... I wonder if they thought they could get away with it? Obviously I guess...  |
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vatanen
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February 05, 2015, 04:59:03 AM |
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Lets just hope that all this is not followed by a dump now.
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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February 05, 2015, 01:42:43 PM |
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Smart investors know that the pump to $300 was nothing more than hot air.
Any one who sold there have been doing great.
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HarmonLi
Sr. Member
Offline
Activity: 350
Merit: 250
Honest 80s business!
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February 05, 2015, 10:06:23 PM |
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Well I still believe that the rise up to $250 or at least $235 was a legit one and not staged by people trying to profit off of Coinbase, or even inside traders. But I do think that the day before the launch, things got out of control and we totally blew that real and sustainable increase!
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lexuz
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February 06, 2015, 12:51:44 AM |
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Very smart trader,One week on range $210-$260
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manis
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February 07, 2015, 09:03:46 AM |
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Coinbase--->Gemini----->ETF
upuPUP
And I hope there is no 'down down down' after the pump happens. |
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