COINBASE JUST DUMP 75MIL INTO BITCOIN - page 2.

waterpile

hero member

Activity: 602

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Quote from: ?? on ??

The price only went up for a while, then back to normal
It's must be nice for anyone who already sell at $300

yup, sold some of it at $300 and i knew it this is just a fast pump and now its gonna fall again.

countryfree

legendary

Activity: 3066

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Your country may be your worst enemy

Quote from: galbros on January 25, 2015, 06:04:03 PM

You may want to read the article. It explains that this is basically an investment in coinbase operations and expansion, which is good for bitcoin, but not the same as someone buying 75 million USD worth of coins.

I did read the article, but I still don't understand. 75 millions is a very large sum, how can they spend so much in coinbase operations and expansion? are they planning to advertise on TV?

Seketsuna

sr. member

Activity: 294

Merit: 250

Quote from: tyrexs on January 26, 2015, 05:19:55 PM

look like manipulate price, for some people take it profit

the price can be easily manipulated like any other altcoins there are some manipulation happening.

tyrexs

sr. member

Activity: 266

Merit: 250

look like manipulate price, for some people take it profit

johnyj

legendary

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Beyond Imagination

I guess those money were used to pay the license fees for each state so that they could start the operation in US with a big coverage

dr1980m

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bit coin prize rise up 300 dollar because of coinbase
then prize drop 250 dollar because of coinbase
i think it's funny

fullhouse

sr. member

Activity: 364

Merit: 250

because of this bitcoin's price rise up quickly

that's a very big news lol

BitmoreCoin

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Activity: 406

Merit: 250

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.

waterpile

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Activity: 602

Merit: 500

$75m? but why is the price soaring? troll post!

Lethn

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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.

tyrexs

sr. member

Activity: 266

Merit: 250

75 mil coin or 75 mil usd?? waiting news update

KennyTheMartian

member

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All speculation pump per the Coinbase exchange status. GGWP

medUSA

legendary

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--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: http://www.coindesk.com/coinbases-75-million-series-c

Coinbase has raised $75m as part of a Series C funding round backed by a host of impressive first-time bitcoin investors including the New York Stock Exchange (NYSE), Fortune 500 financial services group USAA, Spanish megabank BBVA and Japanese telcom giant DoCoMo.

I was doubtful about this 75mil into bitcoin. After reading the article, I was fairly excited about this. The 75mil is not going into an exchange to buy coins, but invest into Coinbase. The good news is the prominence of the investors!

NYSE investing in Coinbase? This has to count for something.

galbros

legendary

Activity: 1022

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You may want to read the article. It explains that this is basically an investment in coinbase operations and expansion, which is good for bitcoin, but not the same as someone buying 75 million USD worth of coins.

crazyearner

legendary

Activity: 1820

Merit: 1001

Well if 75Mill got put into BTC then the price would of sky rocketed back up and made some serious movement but so far theirs been very little movement in the market so I doubt they are buying up and making price go up. More like their just setting funds aside for future projects and have some form of reserves for customers to cashout and to maybe buy some coins. Who knows but I do not see market sky rocketing up.

oblivi

hero member

Activity: 700

Merit: 501

I wonder if the lunar announcement thing is related to this. Do they want to pump it now with the hype?

WTrader

newbie

Activity: 9

Merit: 0

Coinbase is just putting together what seems to be a chump change (in comparison) to a market that is very attractive right now (maximum financial opportunity point or close to it). If you consider the idea that in 4-5 years time the crypto currency as a whole will gain greater exposure and acceptance, worrying over 1200 to 120 price drop (or even further) is same as worrying about drop from 32 to 1 dollar in the past.

Think long term, folks. Though, you will probably not succeed too much if you bought at 1200 and expect this to go up x10 in a year.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: countryfree on January 21, 2015, 12:10:20 PM

We're still waiting for the interesting news: what are they going to do with those funds?

OP didn't even bother to copy paste the link to the original news and expects people to buy like crazy because capslocks.
This means nothing to me, will probably have a small peak on the price due hype but who knows.

Amph

legendary

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Merit: 1070

you can see at " someone just bought 75M worth of bitcoin" it sound way better

stonerider

full member

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^^^^^^^
CB wants to expand into more international markets; also the CEO wants his own personal jet, yacht and a massage girl, 24/7/365.

Topic: COINBASE JUST DUMP 75MIL INTO BITCOIN - page 2. (Read 4164 times)