Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23232. (Read 26708380 times)

Like I said this was about location.

How many of those 1 million have traded on coinbase the last two months?
According to the post above only coins in the hot wallet are insured. Don't think so.
Currently not, but then neither will coinbase in a few months.

lol going back to earth 

BUY BUY BUY BUY BUUUUYYYY !

 

this is the best price this week. 30% roi when sold at 350

You had a good run, but now it's over, now it's time for the beartrolls again, sorry  
We'll try to be gentle lol

A lot of this action is based on Chinas margin calls, its going mad.

Expect a decent bounce again.

Sure, but is the "depositor" Coinbase, or each individual Coinbase customer?

Sorry to insist, but if the deposits of customers at Coinbase were insured by the FDIC, they would say so. 

They didn't win, Bitcoiners!

They might be laughing at you now.
Sure, you sold your libertardian ideals for a chance at a quick buck.
Sure, you whored out your Bitcoin Revolution to the banksters & she didn't get paid.
Sure, she didn't even get cab fare home, but you...  Someday.  Someday you'll make them PAY!

yeah around there 245-255

Alright people, get your triggerfinger in place! We're getting close, 265 will be the max EV BI spot

I think last night's pump was simply caused by some people buying based on the Coinbase news, expecting it to cause a bull run, without realising that everyone else already knew about it ages ago, so the price was already factored in. Now the price is simply correcting itself back to yesterday's price c.250.

traded CME grain futures for a while. This happened some times. Sell offs on US market open after good news. The retracement all the way up. I think this is the same thing here

We can safely say that the Coinbase 2015 pump&dump is officially over.

Thanks for playing. We appreciate your collaboration.


Now it's time to dump again.





lol

FDIC covers 250k per depositor or user per institution/bank.  When you visit wallstreet you will notice that many atm receipts on the sidewalk show close to 250k balances (used to see many 90-95k balances before FDIC was increased) specifically because the wealthy know how to limit their liability and spread their funds around many banks to insure everything is insured. Expect the same with coinbase and gemini(when it opens).

Those that don't realize this , simply discount coinbase as just another exchange without realizing the full implications. The US is filled with millionaires needing another bank to park their cash into that is insured and what they can invest in.

Now that the NYSE is involved with coinbase and it is FDIC insured they won't mind diversifying their portfolios further. Another matter that is not being fully appreciated is the marketing power coinbase has by having not just those big VC companies backing them but the NYSE itself. Any user that things bitcoin is a ponzi or passing fad can be reminded that the NYSE disagrees with them. It is no longer BTC vs USD or BTC vs the SP500 , because BTC has been approved by the insiders. This may not immediately translate into a huge amount of new users but will have a profound effect in the coming months .

$260 retracement. 6 hours till Asia opens is enough time to bring down oversold levels on 6h bitfinex. This is a retracement. question is 23%, 38% or 50%

Might be just a correction, but the fact it happened exactly when the the moon countdown reached 0 is too much coincidence for me

Does that number apply to each and every customer's funds separately or to the funds in general? 250k in general would be quite a rip-off, but 250k per customer is a nice starting point. Maybe not enough for Wall Street, but still a good thing!

Well better $277 than $152 

If the funds are held in a FDIC insured institution they are insured by the FDIC up to 250k. I already spoke to one of their customer service reps to clarify.