Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 19/08/2014, 08:02:44 UTC
Interesting theory from someone on TV trollbox.

Coinbase was short of coins yesterday or today apparently. It might be them buying.

Bingo!!!


I doubt it.....  the above is FUD spreading.


There is no major logical disconnect in the official explanation...

 Coinbase ran out of coins on Sunday for about 5 or 6 hours.  Does NOT mean anything more than that - too many people buying coins, and Coinbase NOT holding and/or anticipating sufficiently the demand for coins... .accordingly, they ran out.

I, too, wish that Coinbase would figure out better planning in order that they do NOT run out of coins... but that does NOT mean that they are engaging in fractional reserve banking or otherwise playing with people's coins in the way suggested in either of the above posts...