Topic: Coinbase has sold out of bitcoins for the day. Bullish - page 2. (Read 4084 times)
Guys. They are a broker, nothing more. We know nothing about their volume. All we know is that they do what is profitable for them. Meanwhile, the charts are bearish....
It is up-to 5 days you tinfoilhatwearers
Yeah, and Gox is alive and well. All the promises were nice and reassuring there as well. 
takes time for ach from bank to coinbase and then coinbase to exchange.
So, Coinbase needs to transfer fiat from their bank account to "themselves" and then to an exchange.I really think they just need to transfer from their bank account to the bank account of an exchange. That doesnt take 5 days.
It is up-to 5 days you tinfoilhatwearers
takes time for ach from bank to coinbase and then coinbase to exchange.
So, Coinbase needs to transfer fiat from their bank account to "themselves" and then to an exchange.I really think they just need to transfer from their bank account to the bank account of an exchange. That doesnt take 5 days.
Sound suspiciously similiar to Gox. Now Coinbase got hacked and are covering it up with this story?
Coinbase is no exchange...
Do they have hot wallets? Then its just as possible they got hacked and coins stolen.
And seriously, 5 days? You dont need 5 days to transfer fiat to an exchange and buy some coins ...
Sound suspiciously similiar to Gox. Now Coinbase got hacked and are covering it up with this story?
Coinbase is no exchange...
Do they have hot wallets? Then its just as possible they got hacked and coins stolen.
And seriously, 5 days? You dont need 5 days to transfer fiat to an exchange and buy some coins ...
Sound suspiciously similiar to Gox. Now Coinbase got hacked and are covering it up with this story?
Coinbase is no exchange...
Sound suspiciously similiar to Gox. Now Coinbase got hacked and are covering it up with this story?
Paranoid much? They earn 1 to X% per order, why the fk would they not wanna sell as much as possible?
Provide proof or be outed as the tinfoilhhatwearer you are.
Biggest bitcoin retail seller in US run out of coins to sell due to high customer demand.
Some serious buy the dip going on.
Of course it is not bearish. Newbie it just doesn't fit your trading view of bitcoin dropping further.
Some serious buy the dip going on.
Of course it is not bearish. Newbie it just doesn't fit your trading view of bitcoin dropping further.
No. First, they'd have to expect the price to be lower on Friday, August 22nd if they are offering you that price. Otherwise, they are losing money. Second, with the market having turned upside down over the past few days, who in their right mind would purchase with a price to be determined several days in advance?
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I'm not expecting people to buy several days ahead. What I can only see as good is that coinbase is SOLD OUT. If they aren't selling coins, how do they make any money? That would be a terrible business model. So...why are they sold out? Were there too many buy orders and not enough sell orders? Did people buy more bitcoin than they had predicted and thus didn't have the reserve for? Or are they front running?
Give me an example where coinbase makes money by NOT selling coins or there not being enough buy orders to make them unintentionally run out of coins.
There was more volume than normal. That volume is going to be on both sides of the tape. But, it is volume that already occurred... purchases that already occurred. At best it is already priced in. Again, they are hardly going to be doing any business over the next few days except with absolute lunatics. So, very bearish news.
Don't be silly. If there was more volume on both sides (buys and sells) they would have plenty of supply to keep selling to us. Can it be already priced in? Sure. But now those people that wanted to buy bitcoin from coinbase would have to go to bitstamp and it may create some buying pressure over there. More importantly though is that there were clearly more buys than sells, and coinbase ran out of stock.
The fact that there were enough buys compared to sells to make coinbase run out makes me happy. The alternative that they may be front running, would make it even better.
No. First, they'd have to expect the price to be lower on Friday, August 22nd if they are offering you that price. Otherwise, they are losing money. Second, with the market having turned upside down over the past few days, who in their right mind would purchase with a price to be determined several days in advance?
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I'm not expecting people to buy several days ahead. What I can only see as good is that coinbase is SOLD OUT. If they aren't selling coins, how do they make any money? That would be a terrible business model. So...why are they sold out? Were there too many buy orders and not enough sell orders? Did people buy more bitcoin than they had predicted and thus didn't have the reserve for? Or are they front running?
Give me an example where coinbase makes money by NOT selling coins or there not being enough buy orders to make them unintentionally run out of coins.
There was more volume than normal. That volume is going to be on both sides of the tape. But, it is volume that already occurred... purchases that already occurred. At best it is already priced in. Again, they are hardly going to be doing any business over the next few days except with absolute lunatics. So, very bearish news.
No. First, they'd have to expect the price to be lower on Friday, August 22nd if they are offering you that price. Otherwise, they are losing money. Second, with the market having turned upside down over the past few days, who in their right mind would purchase with a price to be determined several days in advance?
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I'm not expecting people to buy several days ahead. What I can only see as good is that coinbase is SOLD OUT. If they aren't selling coins, how do they make any money? That would be a terrible business model. So...why are they sold out? Were there too many buy orders and not enough sell orders? Did people buy more bitcoin than they had predicted and thus didn't have the reserve for? Or are they front running?
Give me an example where coinbase makes money by NOT selling coins or there not being enough buy orders to make them unintentionally run out of coins.
Be skeptical of Coinbase if they offer you to purchase at a market price 3-4 days later. Also, many times if you try a few hours later, or even the next day, your purchase will go through immediately.
No. First, they'd have to expect the price to be lower on Friday, August 22nd if they are offering you that price. Otherwise, they are losing money. Second, with the market having turned upside down over the past few days, who in their right mind would purchase with a price to be determined several days in advance?
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
Bingo!
If price will increase soon, they would still allow customers to send them money and they reap the benefit of giving less BTC on the 22nd.
Consider a place that sells bitcoins "off the shelf" and runs out of BTC. If they expect the price to fall several percentage points "soon", it is better for them to turn clients away than to buy more BTC to replenish their stock.
Conversely, if they have a stock of BTC and expect the price to rise significantly "soon", they will be tempted to tell their customers that their stock ran out.
So, if those reports of (BTC sellers running out of stock) are true, which explanation will be the true one?
Conversely, if they have a stock of BTC and expect the price to rise significantly "soon", they will be tempted to tell their customers that their stock ran out.
So, if those reports of (BTC sellers running out of stock) are true, which explanation will be the true one?
No. First, they'd have to expect the price to be lower on Friday, August 22nd if they are offering you that price. Otherwise, they are losing money. Second, with the market having turned upside down over the past few days, who in their right mind would purchase with a price to be determined several days in advance?
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
I don't think this is Bullish at all. I see it as problematic (maybe not enough to turn the tide, but Jesus not bullish). Especially because this is where a lot of average Joes buy their coins.
Inverse of that... still doesn't strike me as bullish.
Or the price is fucking low right now, and they're not retarded, so they're buying.
-B-
-B-
Front running.
Which would mean that they are aware of a price increase coming (which would be great) OR they actually had enough buys so that they currently ran out of BTC stock and have to wire more money to an exchange such as Bitstamp for the buys (which would also increase buys and potentially help price).
Front running.
https://bitcointalksearch.org/topic/m.8393167
https://bitcointalksearch.org/topic/m.8393167
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