COINBASE JUST DUMP 75MIL INTO BITCOIN

BayAreaCoins

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Quote from: Inotanewbie on February 04, 2015, 09:38:25 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, 09:38:25 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

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Quote from: JessicaSe on January 31, 2015, 04:53:00 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

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

newIndia

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

JessicaSe

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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

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Quote from: BayAreaCoins on January 30, 2015, 05:46:27 AM

Quote from: chipzac on January 30, 2015, 05:26:10 AM

at 75mill the price hop should have been bigger

Quote from: coblee on January 28, 2015, 12:17:54 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

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Quote from: chipzac on January 30, 2015, 05:26:10 AM

at 75mill the price hop should have been bigger

Quote from: coblee on January 28, 2015, 12:17:54 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

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at 75mill the price hop should have been bigger

Hazir

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Quote from: BayAreaCoins on January 30, 2015, 04:15:53 AM

Quote from: cbeast on January 30, 2015, 04:14:58 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

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Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 04:12:35 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

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Quote from: cbeast on January 30, 2015, 04:14:58 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

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Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 04:12:35 AM

Quote from: cbeast on January 30, 2015, 04:10:01 AM

Quote from: BayAreaCoins on January 30, 2015, 03:51:45 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

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Quote from: cbeast on January 30, 2015, 04:10:01 AM

Quote from: BayAreaCoins on January 30, 2015, 03:51:45 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

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Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 03:51:45 AM

Coinbase fucked us royally in a number of ways.

Name one.

BayAreaCoins

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Quote from: cbeast on January 30, 2015, 02:59:27 AM

Quote from: BayAreaCoins on January 30, 2015, 02:48:24 AM

Quote from: whyyousoserious on January 21, 2015, 12:11:22 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

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Let's talk governance, lipstick, and pigs.

Quote from: BayAreaCoins on January 30, 2015, 02:48:24 AM

Quote from: whyyousoserious on January 21, 2015, 12:11:22 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

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Quote from: whyyousoserious on January 21, 2015, 12:11:22 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

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Quote from: BitmoreCoin on January 26, 2015, 06:58:37 AM

Quote from: Lethn on January 26, 2015, 12:28:34 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

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

10BTCaDay

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No one just dumped 75m into bitcoins lol

waterpile

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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

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Your country may be your worst enemy

Quote from: galbros on January 25, 2015, 05:04:03 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

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Quote from: tyrexs on January 26, 2015, 04:19:55 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

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look like manipulate price, for some people take it profit

johnyj

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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

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because of this bitcoin's price rise up quickly

that's a very big news lol

BitmoreCoin

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Quote from: Lethn on January 26, 2015, 12:28:34 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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$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

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

KennyTheMartian

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All speculation pump per the Coinbase exchange status. GGWP

medUSA

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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

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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

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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

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

WTrader

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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

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Quote from: countryfree on January 21, 2015, 11:10:20 AM

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

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

stonerider

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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.

countryfree

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Your country may be your worst enemy

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

1Referee

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Not sure if OP is trolling or not...

But it's not an investment in Bitcoin.....

Instead of reading titles only, you should also read the whole article.....

psylence

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

Q7

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Any proof to back up that claim? I expect with 75mil into a 3bil market, that would at least have some positive effect to bring up the price a little bit instead of staying about at the same level right now. Last I check it was still at 212 level.

Edit (found the link)
http://blog.coinbase.com/post/108642362357/coinbase-raises-75m-from-dfj-growth-usaa-nyse

It's just an investment into a bitcoin company

cakir

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★ BitClave ICO: 15/09/17 ★

Any proof? Or you're just Fudding...

whyyousoserious

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Topic: COINBASE JUST DUMP 75MIL INTO BITCOIN (Read 4189 times)