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Re: Since NYSE invested so much in Coinbase, moon guaranteed, right? ...Right?
by
CoinbaseVC
on 05/03/2015, 11:04:44 UTC
Quote from: Ultros on March 05, 2015, 11:01:44 AM
Next time use your true account. I don't read sockpuppets. Ignored.
Maybe you should read the post themselves and judge them for what they are regardless of who posts them?
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Re: Since NYSE invested so much in Coinbase, moon guaranteed, right? ...Right?
by
CoinbaseVC
on 05/03/2015, 10:47:22 UTC
Quote from: NeuroticFish on March 05, 2015, 10:36:10 AM
Basically such big names "investing" (helping) surely made a background check and the chance that the investment is good (moon) is somewhat bigger.
But it's a startup after all. And that means that the risk is way above normal.
Even big, established businesses can fail (just remember the social networks from before Facebook). Startups have a way bigger chance for that. And crypto startups...

Exactly.
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Re: Since NYSE invested so much in Coinbase, moon guaranteed, right? ...Right?
by
CoinbaseVC
on 05/03/2015, 10:34:52 UTC
Quote from: The Degentleman on March 05, 2015, 10:30:17 AM
Not exzactly sure what you are getting on about with this post. Care to explain further?
Sure.



1. A lot of people were really excited about Coinbase regulated™ exchange, based on some users here it's the exchange that was supposed to bring Wall Street in, and they were taking the VC money ($75 million) in Coinbase as some guarantee that bitcoin will greatly appreciate in value because of that. I simply show that as of now pretty much nobody seem to care about using Coinbase, the Bid sum (amount of fiat sitting on the exchange waiting to buy BTC) is very low.

2. Venture capital money shouldn't be taken as some guarantee, because there are notable examples of huge bankrupcy fails in history even when the companies were backed by Microsoft, Visa, ecc. It didn't help.
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Topic OP
Since NYSE invested so much in Coinbase, moon guaranteed, right? ...Right?
by
CoinbaseVC
on 05/03/2015, 10:28:30 UTC
1.

This is Coinbase regulated™ exchange orderbook.


http://coinsight.org/graphs/coinbase_btcusd_depth.png




around $1-$1.5 million in Bid Sum. Which is nothing. Is this the exchange that was supposed to bring Wall Street in?






2.

https://pbs.twimg.com/media/B_U3CG9XAAEj2ZU.png:large