Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23233.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: ChuckBuck on January 26, 2015, 10:26:52 AM

How come it seems like the beartrolls are having a field day in here? Because the recent dump this morning?

Isn't BTC up roughly 25% from end of day Friday? Weren't we at $230 then?

...

So many questions....

Futures moving up too.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: inBitweTrust on January 26, 2015, 10:25:07 AM

"FDIC Insurance"
"Customer funds stored in Coinbase USD Wallets are held with an FDIC-insured financial institution. "

Yes, I read that. But read it carefully. Does it say "Customer USD balances are insured by the FDIC", or does it say something else?

AirFlame

hero member

Activity: 784

Merit: 500

Coinbase Fail Cheesy

HD

http://youtu.be/LBpDwZeEmSc

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

How come it seems like the beartrolls are having a field day in here? Because the recent dump this morning?

Isn't BTC up roughly 25% from end of day Friday? Weren't we at $230 then?

So many questions....

blade87

hero member

Activity: 644

Merit: 500

Let's see if we can hold the "magical $266" holds this time. Or is it no longer relevant?

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: JorgeStolfi on January 26, 2015, 10:21:26 AM

Quote from: inBitweTrust on January 26, 2015, 10:07:16 AM

Quote from: JorgeStolfi on January 26, 2015, 10:02:46 AM

Where did you see "BTC is privately insured"?

The BTC has been privately insured since November 2013 and is old news :
https://exchange.coinbase.com/
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

"Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time."

I.e. only their hot wallet is insured, not the client deposits

Yes usd client deposits are indeed insured but with FDIC- https://support.coinbase.com/customer/portal/articles/1780543

FDIC Insurance
Customer funds stored in Coinbase USD Wallets are held with an FDIC-insured financial institution.

BTC is privately insured , USD is FDIC insured.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Since Coinbase has zero fees, shall we assume that its volume is fake, and exclude its price from indices and charts? Wink

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: inBitweTrust on January 26, 2015, 10:13:53 AM

People purchased based upon the expectation of the great news from coinbase.

The fact that a FDIC insured and regulated exchange in the US with over 1million usable accounts to start has opened with 0 trading fees instead of 1% like before is a big deal. The fact that we will be able to use coinbase to set limit orders and trade at 0-0.25% instead of 1% is a big deal. The fact that no other exchange offers FDIC for usd balances is a big deal.

Agree with the fee part.

Never gave a shit about the gay Coinbase rocket page or their gay news.

I'll probably fuck off with their exchange a little bit though... it's for sure not bad news Tongue

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: luckygenough56 on January 26, 2015, 10:19:02 AM

where are the damn annoying poney pictures ?

Ever since Bitcoiners started making their own fan art, pone became redundant. I mean, this came from some Bitcoin fan site:

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: ErisDiscordia on January 26, 2015, 10:09:36 AM

Quote from: tarmi on January 26, 2015, 09:25:19 AM

Quote from: mmitech on January 26, 2015, 09:23:48 AM

why so negative?

we should thank coinbase for this pump.

because mmitech is very smart and everyone else is retarded Roll Eyes

yes I am smart (or at least not an idiot) and there are so many retarded people here for sure, so your statement is somehow valid and accurate.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: Newar on January 26, 2015, 10:18:31 AM

Ah, shifting the goal posts. Nice.

How do they work differently? Both have to hop through the same regulatory hoops.

Does kraken currently have over 1 million unique users that can use the exchange?
Does kraken have FDIC insurance on usd balances?
Does Kraken currently have 0 fees?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: inBitweTrust on January 26, 2015, 10:07:16 AM

Quote from: JorgeStolfi on January 26, 2015, 10:02:46 AM

Where did you see "BTC is privately insured"?

The BTC has been privately insured since November 2013 and is old news :
https://exchange.coinbase.com/
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

"Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time."

I.e. only their hot wallet is insured, not the client deposits.

Quote

of course if your girlfriend steals your password and phone to perform 2fa and steal your BTC you won't be covered. May not even be covered under such circumstances with Fiat either.

I imagine that no insurance company would cover that kind of loss, whether for USD or for BTC.

The fuzzy area may be client losses due to faulty programming on their part.

luckygenough56

legendary

Activity: 1526

Merit: 1012

where are the damn annoying poney pictures ?

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Quote from: inBitweTrust on January 26, 2015, 10:13:53 AM

Quote from: Dotto on January 26, 2015, 10:09:54 AM

I know we are correcting now, but is there some explanation /theory/news for the last 24h rally?

People purchased based upon the expectation of the great news from coinbase.

The fact that a FDIC insured and regulated exchange in the US with over 1million usable accounts to start has opened with 0 trading fees instead of 1% like before is a big deal. The fact that we will be able to use coinbase to set limit orders and trade at 0-0.25% instead of 1% is a big deal. The fact that no other exchange offers FDIC for usd balances is a big deal.

Thank you, Trust Wink

Newar

legendary

Activity: 1358

Merit: 1001

https://gliph.me/hUF

Quote from: SirChiko on January 26, 2015, 10:14:18 AM

Quote from: Newar on January 26, 2015, 10:04:27 AM

Quote from: SirChiko on January 26, 2015, 10:02:48 AM

Quote from: D05GTO on January 26, 2015, 09:54:11 AM

Quote from: Newar on January 26, 2015, 09:33:03 AM

Quote from: D05GTO on January 26, 2015, 09:24:56 AM

There's already been a US Based exchange that complies with US Regulations. On Feb 5th it will have been opened for a Year now!

https://www.atomic-trade.com

Yeah, Kraken too.

Thought Kraken was British and not in the US.

Kraken isn't US. Also that atomic trade looks like altcoin exchange and news stand in one.

http://blog.kraken.com/about

THat they are based there doesn't mean they work like coinbase one.

Ah, shifting the goal posts. Nice.

How do they work differently? Both have to hop through the same regulatory hoops.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: NotLambchop on January 26, 2015, 10:10:45 AM

Order gettin' restored Cool

...

All aboard!

I fucking love old people.

NotLambchop

sr. member

Activity: 378

Merit: 254

Before they ask us to pay the bill
And while we still have the chance
Let's face the music and dance

@ErisDiscordia: What makes u think U deserve new pics? You haven't even thanked me for the old ones yet Angry

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: findftp on January 26, 2015, 10:15:32 AM

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

SirChiko

legendary

Activity: 966

Merit: 1000

Quote from: Newar on January 26, 2015, 10:04:27 AM

Quote from: SirChiko on January 26, 2015, 10:02:48 AM

Quote from: D05GTO on January 26, 2015, 09:54:11 AM

Quote from: Newar on January 26, 2015, 09:33:03 AM

Quote from: D05GTO on January 26, 2015, 09:24:56 AM

There's already been a US Based exchange that complies with US Regulations. On Feb 5th it will have been opened for a Year now!

https://www.atomic-trade.com

Yeah, Kraken too.

Thought Kraken was British and not in the US.

Kraken isn't US. Also that atomic trade looks like altcoin exchange and news stand in one.

http://blog.kraken.com/about

THat they are based there doesn't mean they work like coinbase one.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23233. (Read 26708357 times)