April 14, Coinbase IPO and pump on bitcoin?

FanEagle

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Quote from: LUCKMCFLY on April 21, 2021, 08:22:00 AM

The truth is that everything is relatively new, it is the first time that new ATHs for Bitcoin occur at the same time, a new intrinsic visualization of Bitcoin on Wall Street, every article I read from Wall Street about Coinbase is trying to find more details Of course , Coin's second week is just beginning.

The pumps that everyone expects may not happen now, but investors are seeing great possibilities, of course it is only the beginning, being able to do a long-term analysis is not possible yet, it has no relevant background, I think some will buy and wait for a couple of years to make a profit, I do not think that in the short term there will be very important movements or with some volatility.

Think about it this way, when the halving happened price was around 10k, and all throughout the summer the price was around 10k as well, it didn't increase, I do not remember when it started to increase but I remember before the year ended it didn't reach 30k neither, it was under 30k before 2020 ended, so that means we are talking about 3x increase in 2 months or so time when pump started, and another 2x on top of that afterwards, a total of 6x increase from October or so until march, that is very quick but at the same time we were still same price after the halving.

I see this about the same, IPO was great, it will impact the price, but that may not happen for a few more months. Now that Coinbase is a publicly traded company, people will trust them more and more and those huge companies that buy in billions of dollars will pick Coinbase with ease and that will increase the price.

LUCKMCFLY

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Quote from: bbc.reporter on April 20, 2021, 08:55:15 PM

@LUCKMCFLY. I become skeptical when I read articles written similar to that. Sometimes they appear to be paid for advertisments written as an article.

In any case, there was no pump again on COIN. Insiders might be accumulating before the pump. This pattern is very familar hehehe.

The truth is that everything is relatively new, it is the first time that new ATHs for Bitcoin occur at the same time, a new intrinsic visualization of Bitcoin on Wall Street, every article I read from Wall Street about Coinbase is trying to find more details Of course , Coin's second week is just beginning.

The pumps that everyone expects may not happen now, but investors are seeing great possibilities, of course it is only the beginning, being able to do a long-term analysis is not possible yet, it has no relevant background, I think some will buy and wait for a couple of years to make a profit, I do not think that in the short term there will be very important movements or with some volatility.

btc_angela

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Quote from: bbc.reporter on April 20, 2021, 08:55:15 PM

@LUCKMCFLY. I become skeptical when I read articles written similar to that. Sometimes they appear to be paid for advertisments written as an article.

In any case, there was no pump again on COIN. Insiders might be accumulating before the pump. This pattern is very familar hehehe.

Yeah, no more pump, but it's good though, we can get in and enter the picture at cheap price and then see how it goes in the next week. And I think it's normal for Brian and others to really dump their shares in the beginning. Very familiar? sound like crypto pump isn't it ? LOL. It could be a period of accumulation, the calm before the storm before we can see another dump (or pump).

Hippocrypto

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Quote from: bbc.reporter on April 20, 2021, 08:55:15 PM

@LUCKMCFLY. I become skeptical when I read articles written similar to that. Sometimes they appear to be paid for advertisments written as an article.

In any case, there was no pump again on COIN. Insiders might be accumulating before the pump. This pattern is very familar hehehe.

Great if those signs will commence a good outcome and if the familiarity of the pattern would again be fulfilled.
The price was just establishing a strong momentum before recovery happens, that's what we're looking right now while price stabilized at this moment. Panic sellers would regret if they'll let their emotion dominate their decisions, and if they prefer to be patient instead of ranting I'm sure gains will come.

bbc.reporter

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@LUCKMCFLY. I become skeptical when I read articles written similar to that. Sometimes they appear to be paid for advertisments written as an article.

In any case, there was no pump again on COIN. Insiders might be accumulating before the pump. This pattern is very familar hehehe.

LUCKMCFLY

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There is currently a slight correction in the Bitcoin market, it is also in the Coinbase shares of Coinbase on Wall Street, I think there is no correlation here, it is just a sample of chance, if we take into account that Wall Street is giving it some input to Bitcoin, it is a form of mass adoption that can be given, years ago nobody believed that this moment could come.

In this article they talk about it and how they can buy Coin on Nasdaq, and also Bitcoin has become popular, since being "popular" represents a lot in the world of finance on Wall Street.

Quote

Bitcoin options have, in recent times, become a popular market. As per data on analytics service Glassnode, crypto exchange Deribit underwrites several billion dollars worth of BTC options each month. Similar products on Binance and OKEx see a fraction of those volumes but are a growing market.

Source: https://cryptoslate.com/you-can-now-trade-coinbase-coin-options-on-the-nasdaq/

Of course, on Wall Street they talk about inside information, about how investors can overcome the fall of the shares, a market that will always be latent is that of Bitcoin, if they only see what has grown in price, it is very likely that many they will be interested in investing. A potential PUMP for new investment coming from Wall Street cannot be ruled out, as I said earlier, Bitcoin is gaining exposure.

bitgolden

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Quote from: pooya87 on April 19, 2021, 10:26:30 PM

Quote from: bbc.reporter on April 14, 2021, 09:31:53 PM

The world’s second-largest cryptocurrency by market capitalization, Ethererum, has said it is moving toward proof of stake (that switch is likely to take up to another year), and Bitcoin is expected to eventually follow.

Source https://www.nytimes.com/2021/04/14/climate/coinbase-cryptocurrency-energy.html

Another article by idiots who have no idea how bitcoin and the blockchain technology works.
A centralized shitcoin with a massive premine is trying to increase the power of the owners of those premined coins in having more control over their centralized network so they have chosen an algorithm called Proof of Stake which not only rewards the richest people who own the most amount of that shitcoin (ie. the premine owners) but also gives them much bigger power in controlling the network at virtually no cost while earning money!
Bitcoin will never do such a thing.

I wouldn't presume to know what will happen to bitcoin, I mean anything could happen, it is something I do not control. But come on! Bitcoin on proof of stake? That sounds as unreasonable as it gets, we are talking about something that is impossible for bitcoin.

I do think that ethereum proof of stake is not done by just rich people, there are tons of poor people who are fed up with the fact that it costs a lot to use ethereum right now, I tried to send $20 usdt today and it asked $40 for it, how does that make sense at all?

I ended up using BSC instead but it is seriously horrible at ETH right now, if you are dealing in thousands and many people do, you may not care about it, but smaller transactions can't happen there at all anymore. Which is why I think proof of stake was wanted by rich whales who wanted money plus the very low amount people who wanted to be involved.

Karartma1

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Coinbase pumped the price to ATH, Armstrong sold his shares at the top, Bitcoin went nuts, then a Chinese coal mine blew up, the hashrate dropped hard, the price plunged and Doge is still fucking going high.
My question is, what's wrong with the world?

estenity

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Quote from: bbc.reporter on April 19, 2021, 10:06:33 PM

Quote from: estenity on April 19, 2021, 01:29:23 PM

Quote from: ?? on ??

At first I thought Coinbase IPO was positive news in the market, but now I'm inclined to think that it's this news that we see the current price drop... COIN stocks are a legal way to cash in a huge amount of cryptocurrencies, of which Coinbase has a lot! It's possible that the market was pumped up for six months for this... Anyway, the situation is very similar to 2017, when CME futures were launched...
In my opinion everything is not clear-cut here...

coinbase is not a very big exchange, in comparison with some giants,
it is mainly a gate of entry in the crypto universe.

Was the listing of bitcoin futures on CME made on December of 2017? I am not quite certain but I remember it was May 2017. In any case, this would be a strange coincidence if the bear market really begun on April 14, the day of Coinbase IPO. I reckon we should not be excited for an ETF hehehehe.

yes, according to my notes, launch of BTC futures was done on 10 and 17 december 2017.
however i have not kept the notice.

EDIT: looking at it, i found that:
https://bitcointalksearch.org/topic/m.26490031

pooya87

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Quote from: bbc.reporter on April 14, 2021, 09:31:53 PM

The world’s second-largest cryptocurrency by market capitalization, Ethererum, has said it is moving toward proof of stake (that switch is likely to take up to another year), and Bitcoin is expected to eventually follow.

Source https://www.nytimes.com/2021/04/14/climate/coinbase-cryptocurrency-energy.html

Another article by idiots who have no idea how bitcoin and the blockchain technology works.
A centralized shitcoin with a massive premine is trying to increase the power of the owners of those premined coins in having more control over their centralized network so they have chosen an algorithm called Proof of Stake which not only rewards the richest people who own the most amount of that shitcoin (ie. the premine owners) but also gives them much bigger power in controlling the network at virtually no cost while earning money!
Bitcoin will never do such a thing.

bbc.reporter

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Quote from: estenity on April 19, 2021, 01:29:23 PM

Quote from: ?? on ??

At first I thought Coinbase IPO was positive news in the market, but now I'm inclined to think that it's this news that we see the current price drop... COIN stocks are a legal way to cash in a huge amount of cryptocurrencies, of which Coinbase has a lot! It's possible that the market was pumped up for six months for this... Anyway, the situation is very similar to 2017, when CME futures were launched...
In my opinion everything is not clear-cut here...

coinbase is not a very big exchange, in comparison with some giants,
it is mainly a gate of entry in the crypto universe.

Was the listing of bitcoin futures on CME made on December of 2017? I am not quite certain but I remember it was May 2017. In any case, this would be a strange coincidence if the bear market really begun on April 14, the day of Coinbase IPO. I reckon we should not be excited for an ETF hehehehe.

ololajulo

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Quote from: SaShiRaJaVu on April 14, 2021, 03:36:18 PM

Quote from: Fundamentals Of on April 04, 2021, 11:37:27 PM

I guess we were not on the same context with the word top. What I meant was the top as in top. And its current ATH is definitely not its top. It would definitely grow more than that.

I like the play of words, could you elaborate that is in bold letters Cheesy

. According to you what is the expected valuation the price could rally, since it is a speculations thread you will hear many opinions about their all time high valuation that could be attained in this rally.

The coinbase IPO is the reason for the market to reach new levels but now we are seeing a minor correction and i am not too optimistic about the price reaching hundred thousand during this rally.

It is even of some opinion of insiders that the IPO made huge money for Armstrong than we think, considered a manipulative move. He sold 5 billion of the token on IPO to acquire bitcoin, the veracity of the information cant be ascertain but there is possibility. Binance is the only exchange that keeps surprising me the token economics that seems not to benefit team and founder. The pump shortlived and had produced the largest single dump with hash rate.

crzy

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Quote from: estenity on April 19, 2021, 01:29:23 PM

Quote from: ?? on ??

At first I thought Coinbase IPO was positive news in the market, but now I'm inclined to think that it's this news that we see the current price drop... COIN stocks are a legal way to cash in a huge amount of cryptocurrencies, of which Coinbase has a lot! It's possible that the market was pumped up for six months for this... Anyway, the situation is very similar to 2017, when CME futures were launched...
In my opinion everything is not clear-cut here...

coinbase is not a very big exchange, in comparison with some giants,
it is mainly a gate of entry in the crypto universe.

The IPO is just on a bad timing where we heard a lot of bad news with regards to Bitcoin and that’s why the market didn’t react that much but sooner of later, once everything is settled the IPO of coinbase is a big thing. This is a new legal way to attract investors to come into cryptomarket, whales are seeing this positively for sure.

estenity

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Activity: 1924

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Quote from: ?? on ??

At first I thought Coinbase IPO was positive news in the market, but now I'm inclined to think that it's this news that we see the current price drop... COIN stocks are a legal way to cash in a huge amount of cryptocurrencies, of which Coinbase has a lot! It's possible that the market was pumped up for six months for this... Anyway, the situation is very similar to 2017, when CME futures were launched...
In my opinion everything is not clear-cut here...

coinbase is not a very big exchange, in comparison with some giants,
it is mainly a gate of entry in the crypto universe.

estenity

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Activity: 1924

Merit: 538

Quote from: virasog on April 18, 2021, 06:54:02 AM

Quote from: rhomelmabini on April 17, 2021, 11:11:20 PM

Quote from: bbc.reporter on April 17, 2021, 09:42:28 PM

Coinbase CFO dumped 100% his COIN. Coinbase CPO dumped 97% hehe.

They dumped so when they get to the point that most of their investors are selling they'll buy it again, pretty old tricks. I don't know if the current dump of Bitcoin to $50k this day was due to this but I think it's way too related.

Another thing to think is that this dump happened on Sunday when the financial markets are closed and big institutions cannot dump their coins.

The big question is how will the market open trading on Monday ? We are yet to witness that .

if it has not changed, bankers resume work on sunday evening since aperture of bitcoin futures.

virasog

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Quote from: rhomelmabini on April 17, 2021, 11:11:20 PM

Quote from: bbc.reporter on April 17, 2021, 09:42:28 PM

Coinbase CFO dumped 100% his COIN. Coinbase CPO dumped 97% hehe.

They dumped so when they get to the point that most of their investors are selling they'll buy it again, pretty old tricks. I don't know if the current dump of Bitcoin to $50k this day was due to this but I think it's way too related.

Another thing to think is that this dump happened on Sunday when the financial markets are closed and big institutions cannot dump their coins.

The big question is how will the market open trading on Monday ? We are yet to witness that .

rhomelmabini

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No God or Kings, only BITCOIN.

Quote from: bbc.reporter on April 17, 2021, 09:42:28 PM

Coinbase CFO dumped 100% his COIN. Coinbase CPO dumped 97% hehe.

They dumped so when they get to the point that most of their investors are selling they'll buy it again, pretty old tricks. I don't know if the current dump of Bitcoin to $50k this day was due to this but I think it's way too related.

bbc.reporter

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@Kemarit. That is certainly good news but I bring you the bad news hehehe. I saw this, however, I do not know where the source of this is. Does anyone know the website to get this information?

Coinbase CFO dumped 100% his COIN. Coinbase CPO dumped 97% hehe.

Source https://mobile.twitter.com/DereckCoatney/status/1383440872679739394

Kemarit

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Quote from: bbc.reporter on April 15, 2021, 11:55:09 PM

@3meek. COIN is down again on day 2 on the Nasdaq. Similar to much of the coins in the cryptospace, COIN might be lacking value investors who would hold it longterm. It would not be shocking if this was pumped and dumped in the next few weeks by speculators behaving similarly as the whales of the cryptospace.

I think Bitcoin current dip was due to a report that Bitcoin Crashes after Accident in Xinjiang. On the other hand, while Cathie Wood's Ark funds bought a big stake in Coinbase.

So I guess we are going to see some good pump next week, because of this news. It closed with a 5% gained already.

bbc.reporter

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@3meek. COIN is down again on day 2 on the Nasdaq. Similar to much of the coins in the cryptospace, COIN might be lacking value investors who would hold it longterm. It would not be shocking if this was pumped and dumped in the next few weeks by speculators behaving similarly as the whales of the cryptospace.

Topic: April 14, Coinbase IPO and pump on bitcoin? (Read 585 times)