yea, coinbase conveniently stops working any time there are these huge drops that last a few minutes.
Tried to buy bitcoin cash on Coinbase, instead got a great deal on BTC ($15,100). For whatever reason, that’s the wallet it went in. It bounced back to $17k like 30 seconds later.
Everyone just restart your computers and go take a 5 and have a pee and it will be okay by the time you get back
It's obvious some knew about this. BCH doubled in the last week leading up to this. Those people made a fortune. No insider trading rules and market manipulation rules is scary.
Tried to sell a little bit of btc to buy a little more BCH during this run. Said transaction successful... then no record of the sale ever happening.
People have known this was coming for longer than that. I started mining bch four weeks ago because bch was by far the most likely candidate to end up next on coinbase.
Does seem strange. I started following Heajin crypto that someone posted recently though. He had it going to $3300 supposedly on tech analysis.
Is there anything that says "Bitcoin Owner" more than calling a 600% return over a 6 month period a "conservative estimate"?
What’s really strange is that if you look at top 100 graphs on coinmarketcap.com 90% of them have a dip coinciding with bch launch on Coinbase. So someone controls most of the coins out there, or everyone immediately wanted to chase the bch wave by selling some of the stuff they’ve been holding. Will be interesting to watch the market reaction as this could be a big learning opportunity for when Coinbase adds another coin.
If that were unusual in the crypto of world but it's not. I'm holding MLN and RADS right now and both are also up around 40% today. EMC2 was also on it's way there before their 3:00 announcement fell flat. BCH and bitcoin negatively correlate so since most alts are traded in bitcoin it makes perfect sense that they would drop significantly with the bch jump.
This is a snapshot from last night. If it breaks the upper blue line you'd expect a breakout. And then this is it after it broke through.
Yeah what the fuck is right, especially since I tried to buy at 3,100, also wtf is going on with coinbasse preventing purchases.
There's rules in place in the stock and money market bc people did/would abuse the fuck out of inside info and market manipulation if there weren't. People go to jail all the time for breaking those rules. Its silly to think people aren't doing those things in a market where there are no penalties for doing it. It doesn't mean you can't still make money but the market is absolutely being manipulated.
Not with the way crypto is being adopted. They'd just be leaving money on table by not offering a cheaper coin like XRP or XLM as soon as possible. Oh, I've commented on the manipulation that goes on in the market. It's rampant. I just wouldn't put most of BCH's rise right now on it. Some of it sure. All or most of it, no.
Correct me if im wrong but the way the overall crypto market reacted today indicates that people didnt put down fresh cash to buy in on BCH, they moved stuff away from their other crypto investments. Not great if we hope 2018 to be half as good as 2017.
I'm not saying it's rise post Coinbase add is manipulation. I'm saying the 40% increase leading up to it is. People knew. You have to be naive to believe otherwise.
I know you aren't and I'm not saying people didn't know and acted about it. I'm saying that their impact was not nearly as significant as you are making it to be. There was not any abnormally significant jump in volume today on it. And from a technical standpoint look at the graph I posted above. All it needed to do today was break $2,400 to mark a likely run up and it did and then rose to $3k before the announcement. That's not really out of the ordinary.
Hey fellas - TMB lurker, crypto idiot. Bittrex has BCH at $3,500 while GDAX is at $8,500... Could someone take advantage of this transferring over and selling? How does this work? Next time a new coin comes onto coinbase should i be buying in bulk ahead of time on GDAX selling and then picking it up again on Bittrex? Something i haven't considered before.
You won't be able to get your transactions to process. One of those figures is old and only still showing due to an increased load, so by the time the exchanges are ready for your business the proper numbers will be in use and your arbitrage opportunity vanished.
I think the one thing everyone in this thread would agree on is that you should not limit yourself to investing in one coin. General thread consesnsus has been to have the majority of your crypto in the Coinbase 3, which now is coinbase 4 i guess? Then spread the rest out in alt's with solid upside/metrics indicating you can turn a profit short term.
I am Nomad @IamNomad hey @coinbase , @GDAX and @brian_armstrong by being part of a product index for @CMEGroup you agreed to certain rules. Since bch news was clearly leaked around 2:30pm CST to certain parties. this qualifies as insider trading. Hope you enjoy the incoming complaints.
Not freaking out. Figures I’ve been passed by on the big opportunity for BCH. I bought $100 of LTC during this and initiated a transfer over to Binance. Gonna split that into 2 alts while they’re all down.
gatorfromiowa are there any rules at all in these markets? From my understanding there isn't but you know more than I do. Like could the Coinbase owner take $10m from a guy that owns $100m in BCH to list BCH next? Or can the Coinbase owner buy $100m of BCH 6 months ago in preparation of adding it today and then sell his plans over the 6 month period to others that want to invest early too?