Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Threebits
on 17/08/2014, 06:18:07 UTC
Whoa, Coinbase is sold out..

Quote
"Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Friday Aug 22, 2014 at 01:49AM EDT after your funds have arrived. read more

Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.

Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Aug 22, 2014 at 01:40AM EDT."

That's bullish right ?!?!?

Not exactly.
Smells like manipulation to me.
Coinbase can't even "provide exact price quotes right now"?
LMFAO

Isn't this very strange? I thought coinbase could always buy at exchanges to cover their btc stock.

They can't? Why? How do they cover their btc stock?