COINBASE JUST DUMP 75MIL INTO BITCOIN

BayAreaCoins

legendary

Activity: 3920

Merit: 1248

Owner at AltQuick.com & FreeBitcoins.com

Quote from: Inotanewbie on February 04, 2015, 10:38:25 PM

...as well as having an additional capital buffer against losses...

They need to go a head and break out those checks for Rick Rolling us with that horse shit news. They are fucked 6 ways from Sunday on that... they fucked up. Lips sealed

Quote from: Inotanewbie on February 04, 2015, 10:38:25 PM

I think more then anything this shows the confidence that other have in bitcoin

I really don't think anyone else besides Bitcoin holders have much confidence in Bitcoin tbh.

I think they just want to try to skim 1% or taxes off people who have their nose to the grind stone. Coinbase is the brown noser of the government thus far... I don't think it will last. I'm pretty sure the government is just making friends with them so they can bust their ass later.

I wouldn't use Coinbase any more or tell a friend to use them either.

Inotanewbie

sr. member

Activity: 252

Merit: 250

www.CloudThink.IO

Quote from: JessicaSe on January 31, 2015, 05:53:00 AM

coinbase raised 75M investment but it didn't mean that this fund will be used to buy bitcoins
it will used to expand operation,operating cost,development and other expenses, but not used for buying bitcoins

No, they are going to spend the money on improvements to their business as well as having an additional capital buffer against losses (although some of this will potentially eventually end up as being held in bitcoin).

I think more then anything this shows the confidence that other have in bitcoin

Selena Gomez

newbie

Activity: 14

Merit: 0

Incredible dump it will be really good to rebut at low price Cheesy

newIndia

legendary

Activity: 2198

Merit: 1049

Class action against Coinbase => https://bitcointalksearch.org/topic/class-action-against-coinbase-941738

JessicaSe

legendary

Activity: 840

Merit: 1000

coinbase raised 75M investment but it didn't mean that this fund will be used to buy bitcoins
it will used to expand operation,operating cost,development and other expenses, but not used for buying bitcoins

TheWiseandUnwise

newbie

Activity: 14

Merit: 0

Quote from: BayAreaCoins on January 30, 2015, 06:46:27 AM

Quote from: chipzac on January 30, 2015, 06:26:10 AM

at 75mill the price hop should have been bigger

Quote from: coblee on January 28, 2015, 01:17:54 AM

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

75 million was not poured into bitcoin itself. Even if it was, it would be nothing more then drop in the bucket.

Going down.

BayAreaCoins

legendary

Activity: 3920

Merit: 1248

Owner at AltQuick.com & FreeBitcoins.com

Quote from: chipzac on January 30, 2015, 06:26:10 AM

at 75mill the price hop should have been bigger

Quote from: coblee on January 28, 2015, 01:17:54 AM

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

chipzac

newbie

Activity: 9

Merit: 0

at 75mill the price hop should have been bigger

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: BayAreaCoins on January 30, 2015, 05:15:53 AM

Quote from: cbeast on January 30, 2015, 05:14:58 AM

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.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 05:12:35 AM

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.

BayAreaCoins

legendary

Activity: 3920

Merit: 1248

Owner at AltQuick.com & FreeBitcoins.com

Quote from: cbeast on January 30, 2015, 05:14:58 AM

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.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 05:12:35 AM

Quote from: cbeast on January 30, 2015, 05:10:01 AM

Quote from: BayAreaCoins on January 30, 2015, 04:51:45 AM

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.

BayAreaCoins

legendary

Activity: 3920

Merit: 1248

Owner at AltQuick.com & FreeBitcoins.com

Quote from: cbeast on January 30, 2015, 05:10:01 AM

Quote from: BayAreaCoins on January 30, 2015, 04:51:45 AM

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.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 04:51:45 AM

Coinbase fucked us royally in a number of ways.

Name one.

BayAreaCoins

legendary

Activity: 3920

Merit: 1248

Owner at AltQuick.com & FreeBitcoins.com

Quote from: cbeast on January 30, 2015, 03:59:27 AM

Quote from: BayAreaCoins on January 30, 2015, 03:48:24 AM

Quote from: whyyousoserious on January 21, 2015, 01:11:22 AM

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

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

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.

cbeast

donator

Activity: 1736

Merit: 1006

Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 03:48:24 AM

Quote from: whyyousoserious on January 21, 2015, 01:11:22 AM

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

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

BayAreaCoins

legendary

Activity: 3920

Merit: 1248

Owner at AltQuick.com & FreeBitcoins.com

Quote from: whyyousoserious on January 21, 2015, 01:11:22 AM

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

clementinal

newbie

Activity: 36

Merit: 0

Quote from: BitmoreCoin on January 26, 2015, 07:58:37 AM

Quote from: Lethn on January 26, 2015, 01:28:34 AM

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.

Amph

legendary

Activity: 3206

Merit: 1069

they bought back a portion i think, they caused the recent dump and the pump i guess

10BTCaDay

full member

Activity: 770

Merit: 100

Oikos.cash | Decentralized Finance on Tron

No one just dumped 75m into bitcoins lol

Topic: COINBASE JUST DUMP 75MIL INTO BITCOIN (Read 4126 times)