Topic: Millions invested in Coinbase. Now what? (Read 2985 times)

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

Quote from: jaime on December 13, 2013, 01:18:30 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

ouch, hopefully it was only a few btc?

That was a good move. You made 10x on your investment. Any logical person would sell at 10x given a risky investment like bitcoin. Most who held already had money with nothing to lose, were involved in the mining of it, believed in it deeply, or just forgot about their coins. I believe in it now but at the time when it was really knew I was definitely more skeptical. There was not as much information at the time as there is now.

I had 2000 a few years back and no way would have held til today. I doubled my money and got out. Hindsight is easy. There is no way Im kicking myself. Most people benefited nothing. I suggest you be proud of investing in bitcoin at all and profiting!

natd

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Merit: 102

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

Your efforts are much appreciated by those who want to get on board. Don't be sad, you are somehow helping the community to get stronger.

Thanks!

jaime

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Activity: 339

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División de Poderes s.XXI es Descentralización

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

Quote from: techstorm2 on December 13, 2013, 08:38:24 AM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

Your efforts are much appreciated by those who want to get on board. Don't be sad, you are somehow helping the community to get stronger.

natd

full member

Activity: 182

Merit: 102

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

ouch, hopefully it was only a few btc?

Fortunately yes. Just a couple I bought as curiosity in 2011.

techstorm2

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Quote from: Siegfried on December 12, 2013, 07:05:30 PM

Quote from: deisik on December 13, 2013, 07:20:31 AM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

ouch, hopefully it was only a few btc?

natd

full member

Activity: 182

Merit: 102

Quote from: natd on December 13, 2013, 06:49:42 AM

Quote from: deisik on December 13, 2013, 06:41:35 AM

Quote from: Behemot on December 13, 2013, 06:24:34 AM

Coinbase got 20mil+ investment today. What does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks only as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

Why is that? Not enough? How much more would they need, in your opinion?

I was referring to possible legal problems they might inflict upon themselves from authorities (money laundering, terrorism financing and all that shit). So it is not actually a question of how much...

I see.
Thanks, I like reading your opinion.

empoweoqwj

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Activity: 518

Merit: 500

If they need investement, they are doing something wrong. With curent trade volume, BTC-E is making something around 10 mio. monthly on fees.

Yeah but there is huge amount of trading goes on at btc-e. Does coinbase even offer a trading platform?

deisik

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English ⬄ Russian Translation Services

Quote from: natd on December 13, 2013, 06:49:42 AM

Quote from: deisik on December 13, 2013, 06:41:35 AM

Quote from: deisik on December 13, 2013, 06:41:35 AM

Coinbase got 20mil+ investment today. What does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks only as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

Why is that? Not enough? How much more would they need, in your opinion?

I was referring to possible legal problems they might inflict upon themselves from authorities (money laundering, terrorism financing and all that shit). So it is not actually a question of how much...

natd

full member

Activity: 182

Merit: 102

Coinbase got 20mil+ investment today. What does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks only as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

Why is that? Not enough? How much more would they need, in your opinion?

deisik

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Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: EvilPanda on December 13, 2013, 05:47:21 AM

Coinbase got 20mil+ investment today. What does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

Behemot

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Activity: 152

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If they need investement, they are doing something wrong. With curent trade volume, BTC-E is making something around 10 mio. monthly on fees.

natd

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Activity: 182

Merit: 102

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

You multiplied your investment by 10, I wouldn't worry about it. I learned about btc when the price was $100 and sold all at $300. Then bought back again around 500 Grin

It's just a wild ride... lol

EvilPanda

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Activity: 658

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Small Red and Bad

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

Quote from: empoweoqwj on December 12, 2013, 09:35:37 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

You multiplied your investment by 10, I wouldn't worry about it. I learned about btc when the price was $100 and sold all at $300. Then bought back again around 500 Grin

kdrop22

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VC firms take punts all the time. Some pay off, some don't. My question is what Coinbase needs $25M for? Comfy chairs?

They are probably using it to :
a) Gain regulatory approval in all 50 states
b) Invest in a Sales team(similar to Bitpay) to increase merchant adoption

empoweoqwj

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Activity: 518

Merit: 500

VC firms take punts all the time. Some pay off, some don't. My question is what Coinbase needs $25M for? Comfy chairs?

dan123

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Quote from: pedrog on December 12, 2013, 06:25:54 PM

Quote from: dan123 on December 12, 2013, 05:51:34 PM

Quote from: pedrog on December 12, 2013, 05:30:40 PM

Not much, just VCs like to invest in new technologies.

Actually it does have a lot of meaning. Highly paid people big name VC firms hire to evaluate new technology like it. This is much better than some blogger or financial writer giving their opinion on why bitcoin will or won't work.

Napster raised around $100 million from VCs in 2000, closed a year later...

I'm not saying bitcoin is 100% going to succeed. What I'm saying is there are 1000s of articles out there and people giving opinions on why bitcoins will or won't make it. The research by big time VCs are going to be much better than the average blogger, "Oh bitcoins are like tulips" article. It does help the cred when VCs fund it.

natd

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Activity: 182

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Quote from: BitDreams on December 12, 2013, 07:40:00 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

If you are always holding 1 bitcoin and replace back to 1 as soon as you spend it, what's there to be scared about?

I have to buy more real merchandise to resell *in dollars*. I don't trade BTC, I sell computers.

BitDreams

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Quote from: pedrog on December 12, 2013, 06:25:54 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

If you are always holding 1 bitcoin and replace back to 1 as soon as you spend it, what's there to be scared about?

BitchicksHusband

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Quote from: dan123 on December 12, 2013, 05:51:34 PM

Quote from: pedrog on December 12, 2013, 05:30:40 PM

Not much, just VCs like to invest in new technologies.

Actually it does have a lot of meaning. Highly paid people big name VC firms hire to evaluate new technology like it. This is much better than some blogger or financial writer giving their opinion on why bitcoin will or won't work.

Napster raised around $100 million from VCs in 2000, closed a year later...

They believed that they could make a deal with the record labels that would be a massive boon for both parties. They failed to consider how spiteful, unimaginative and self-destructive the music industry is.

natd

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Activity: 182

Merit: 102

Quote from: Siegfried on December 12, 2013, 07:05:30 PM

I'm scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all Sad

Siegfried

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Activity: 266

Merit: 250