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Your very welcome. The litecoin run been a well received addition to my portfolio. It took a while to move but I'm not complaining.
True. Lots of mainstream exposure now. That's about it.
Getting into futures ain't cheap with the 30-40% margin and 5 bitcoin unit contracts. There might some money flowing into gbtc as a result but not counting on it. Just happy for the exposure
Oh i just want to watch. I have no interest in trading futures. LOL. Just curious to see if what if any impact futures have on bitcoin.
Forget Kim kardashian, Bitcoin futures has crashed the internet for real! LoL. Well it crashed the CBOE site. Lol
Bank of America Entering Crypto?
Bank of America was in the headlines this week after the U.S. Patent and Trademark Office approved its concept for a potential cryptocurrency exchange system that would convert one digital asset into another. The patent suggests America’s second-largest bank was eyeing entry into the rapidly expanding cryptocurrency market at a time of heightened demand among institutional traders.
https://hacked.com/cryptocurrency-market-corrects-lower-as-bitcoin-altcoins-slip/
Everybody is expecting something big Monday!!!
We at Coinbase couldn’t be more excited by the explosion of interest in digital currencies. The last few weeks has seen an unprecedented increase in the price of digital currencies. More people are engaging with our platform than ever and that bodes well for the future of the digital currency. At the same time, it does create extreme volatility and stress on our systems. We take this very seriously and wanted to share some important thoughts.
We’re continuing to invest heavily to scale our platform
Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service. We have increased the size of our support team by 640% and launched phone support in September. We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x.
There may be downtime which can impact your ability to trade
Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time. Despite ongoing increases in our support capacity, our customer support response times may be delayed, especially for requests that do not involve immediate risks to customer account security. You can read more in our Coinbase User Agreement.
Be an educated investor
We also wanted to remind customers of some of the risks associated with trading digital currency. Digital currencies are volatile and the prices can go up and down. Due to the rapidly changing price of digital currencies, some customers may not have sell limits that are sufficient relative to the value of total digital currency they are storing on Coinbase. Sell limits are one of the many measures Coinbase takes to protect client accounts and assets.
As a proactive measure, we encourage customers to check the following items on their accounts:
Ensure your email address is properly receiving all communications and notifications from Coinbase. To learn more about ensuring email delivery, please refer to this support article.
Ensure your two-factor authentication is updated and functional. If you have recently switched mobile devices, your two-factor authentication needs to be properly migrated to the new device. In addition, please migrate from SMS two factor to Google Authenticator to enhance the security on your account, if you have not already done so. To learn more about two-factor authentication, please refer to this FAQ.
Familiarize yourself with your buy and sell limits. They can be found here.
Complete any pending identity verifications. During times of significant volatility, ID verification may become degraded or unavailable. To learn more about identity verification on Coinbase, please refer to this FAQ.
Expect payments to take the maximum number of days indicated when making a deposit or withdrawal.
Stay up to date
We will continue to update customers for our website, our status page, in our apps, via email, on our blog and on Twitter.
We will keep you informed
We are committed to safety, security and transparency. We are working tirelessly to provide the best service and support but we can’t promise perfection during the periods of extraordinary demand. We will continue to do our best to keep our customers informed.
Thank you,
The Coinbase Team
Could be. Litecoin jumped up big time today.
Bitcoin is holding its own. People late the party think gbtc is supposed to make $200 gains every day. People don't realize gbtc just blew threw $1000 little more than a few weeks ago. Thats at least 50% for most people here. A little breather is nice and let the price recoil and get ready to explode to the next level. ??
There's an interesting article out that discusses the potential impact of future trading on btc. The short of story/article is technically it doesn't impact btc. Futures contracts will be settled via cash so no need to possess bitcoin. However the publicity should bring more attention to purchasing bitcoin and eventually gbtc.
Gbtc will be back to $19,000 soon. No worries. Typical trading pattern for gbtc. Just give it time, it always provides a nice return.
I'll take the paper loss today and see it come back two fold next week or the week after. No biggie.
Its Friday and swing traders will sell their position. Very normal for gbtc to be down on a Friday. Know the stock you own and know it's trading pattern.
The .17 cent sale was an error and in not representative of the range of gbtc.
That said I'm sure there are some or were some millionaires here. Didn't take much of an investment given the run over the pass two years. Congrats to whomever it is/was/will be!!!
First everyone questions the existence of a premium for gbtc. Now everyone is questioning the non existence of a premium. LoL ??.
Im sure banks are nervous. Everyone is wondering how this will play out. Only time will tell. The only real problem with the volatility of bitcoin is it's tied to pure supply and demand which is different than stocks which are more predictable per se. With bitcoin supply we know but demand varies from day to day.
Big bank "want" to halt futures. It's not a certainty.
https://www.google.com/amp/s/www.cnbc.com/amp/2017/12/07/bitcoin-futures-push-back-by-wall-street-banks.html
$15,195. Bitcoin blew through $14k while we slept.
Money coming out of ethereum and litecoin to invest in bitcoin.
Bitcoin $14k on deck.
Be patient. Bitcoin just made a big run From 8/9k to 12k.
Gbtc just moved several hundred dollars in the past 10-12 days.
Give it a few weeks/ month and it will make another nice run.
Arggggggg. There she blows off the port side captain! LoL
Here comes $12,000.
Look for gbtc to blow throw $1900 and down to the $600 range over the next month or two.
Remember what happened last time. $1100 and back to $600 and then a run through &1100 and onto $1800.
Very true but the good thing about bitcoin is you can buy a fraction of it. Granted 150k in a year is a lot. It would take a lot for that to happen but after being involved in bitcoin for a couple do years I will never say never lol.
Bitcoin $1800!
And bitcoin and others are already headed back up. Efforts to regulate only legitimize and make people feel more comfortable that bitcoin and others will be around for the long term.
When they all drop at the same time it's tends to be temporary. look for it to return to today's high tomorrow.
Wouldn't be surprised if you couldn't short gbtc as it's an otc stock and some -most -trading platforms won't let you short otc stocks.
Honestly I've never thought about shorting gbtc despite its volatility. It has too much if a limited upside(gains to be made) so to speak. The higher bitcoin goes however, the more attractive some people will find shorting it. The thing to consider is the length of time for the futures contracts. With, futures/options time is a major driver of value. The further out they are the more value they possess.
Hah. I don't know that I'll bet the farm on $500k but I got into bitcoin at $250 two years ago or so and it's about to hit $12,000!!! Consequently, I'm Not ready to say it's out of the question. Ha ha.
True. It will also open the door for those to go long. It may pull some money out of actual bitcoins and gbtc but that could be offset by the increases exposure and demand as a result of futures legitimizing effect.
I definitely wouldn't go short on gbtc at this point. But that's me.
No matter what it's going to be interesting. Money to made by all if you ask me. Volatility is a futures best friend and a necessity.
$12,000 on its way. At this rate bitcoin may hit $14,000 before years end. It'll be interesting to see how the new futures markets impact the price of bitcoin.
Anyone see the $1.6 million transaction? Serious money flowing in and out of GBTC
Setting up for another wild ride today. I suspect some correction/consolidation.
Litecoin and Ether also a bit wild this morning.
Usually that could signals that high velocity move is coming. That is it's nothing more than demand issues. When the prices drops enough buyers will come out again.
Never a dull moment with bitcoin.
I got in at less than 100 initially and added up to the 250-300. I actually found this stock when it started trading it was all over the map initially (60, 40, 50, back to 40) and it started to trend up around 60/65. That's when I started buying.
This stock behavior is so typical for gbtc if you've been watching it the past 18 months. Best thing you can do when this happens is don't log into this board. All the naysayers, short term, day traders and swing traders folks show up.
Congrats to all.
Way way off. I do wonder if we'll get news that there was a hiccup in trading that Caused this. Anyone remember this happened a few longs ago when the price of bitcoin it ether dropped to pennies for a few seconds. People trying to buy crashed the system even more.
Looking for news later but even if there isn't crypto is rebounding nicely
Interesting read from Cramer. Makes total sense. Look at the trading register . You don't see big volume trades. Everyone tat was around the last time knows this is more reason to celebrate than anything since gbtc and bitcoin only gets stronger from these events
https://www.cnbc.com/2017/11/29/cramer-bitcoins-surge-move-means-its-parabolic-and-it-wont-last.html
Not sure where you're checking your prices. They are way off.
If I'm a bag holder then my luggage is Gucci cuz I'm rolling in it. LoL.
Never understood why anyone would find joy in wishing others loose their hard earned money. Makes no sense to me. There's enough money to go around and for everyone to be happy and rich.
Dude, bitcoin is at 10k+. That's not a crash or a bubble bursting.
Follow the stock for a while and you'll understand this is the set up for another big move this year or early next year! This means 1800 for gbtc is coming. Bitcoin will rebound and blow through to $14/15k (likely by June of next year).
Make sure you are using the coinbase app. I had no issues logging in. However I only check prices and I wasn't trying to buy any currency.
It's crazy that the frenzy can overload computer systems.
Same thing happened a few months ago. From 1100 to 600.
No worries from me
I can't reply to private emails. Boo boo.
Major Crypto is down across the board. Noting to do with premium or NAV. Likely due to some sites stalling out due to heavy use.
No worries. Like I said know what you own. The boo birds were out when it went from 1100 to 600 "a few months ago ". Gbtc just came back like a lion and crashed through to freaking 1800. Its settling in at 1500.
Setback is a setup for a comeback!
Don't act like you don't know. I won't be swayed by naysayers. I'm here to make money not convince others that they can't.