Topic: Coinbase has sold out of bitcoins for the day. Bullish - page 3. (Read 4084 times)

No, you will still have paid the same amount of USD, but you would receive more or less bitcoins on the 22nd when the transaction actually goes through.

"I acknowledge that the amount of BTC I receive will vary based on future exchange rates. "

precisely.

yea seems very sketch to me (If I understand it correctly) So you don't get the price locked in, you get the price on the 22nd? IE you buy now at 515 but on fri it is 600 you pay 600??

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/hgoMUXf

Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Aug 22, 2014 at 11:04PM PDT after your funds have arrived.

How much bitcoin will I receive?
Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.

Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Aug 22, 2014 at 11:04PM PDT.

Note that you can cancel your order at any time up until your bitcoin arrive from the transfer history page.

The market price of bitcoin changes frequently. Below are some recent prices to give you an idea. These do not guarantee what the price will be in a few days.

USD Price Per Bitcoin
15 Aug 2014
16 Aug 2014
17 Aug 2014
$500
$515
$530
$545
$560



Thoughts on what is happening.

1- Are they actually out of fiat?
2- Are they wiring more money to exchanges?
3- Are they buying all the bitcoins themselves?
4-Are they manipulating the market?
5- Are they buying all the coins with insider info that by next friday the price will have risen significantly and then they will sell the coins to buyers at massive profit. they will have minimized their risk since they will have buyers lined up off the exchange :p.

Might be the signal many people need to quickly buy back in as demand for btcs seems to have increased based on this info.


The way to buy bitcoins quickly for people in the USA is either through coinbase or localbitcoins. Localbitcoins will probably start selling at a premium now that coinbase has dried up until next week.