Quote from: BitBits on March 31, 2014, 07:57:00 AM

Quote from: atp1916 on March 30, 2014, 10:33:04 PM

People on this side of the pond are definitely loading up too. <-- Questionable conclusion IMHO

When this thing gets back up to 800+ where it should be at...

In all fairness, another quite possible (if not more likely) interpretation of this message is that CoinBase simply does not wish to risk the company's financial well being, by holding Bitcoins in any excess (excess defined: - an amount of something that is more than necessary, permitted, or desirable) and so they don't end up "holding a bag", as things are getting worse and worse for Bitcoin valuation. It might be their preference to "sit" mostly on cash and as far as I know, they have been having Bitcoin shortage, most of the time for the past few months, since the major downtrend from $1000's level started.

P.S. I would prefer to be wrong on this, but one has to agree, them (CoinBase) keeping saying that there is huge demand of Bitcoins from their customers, while the price keeps falling down for months now, makes very, very little sense.

My anectodal experience is that there is a huge demand in the US cash/face-to-face market. The past weekend a bunch of localbitcoin traders went out of the way to contact me asking if I could sell them more coins to replenish their dwindling supplies. All this while the price on the online exchanges is crashing. Go figure ...