I own 2/3. If Ripple hits that exchange it's going to skyrocket in my opinion just because of the price point.
Bitcoin Cash is 100% being added to Coinbase in January. The question will be which others, if any. Just not sure if it's worth buying bitcoin cash right now, hoping that it booms when it's on Coinbase.
Price point is (or should be) irrelevant - it's like saying a $5 stock is cheaper than a $500 stock, ignoring the fact that there might be more shares of the former. Total marketcap is all that really matters when comparing these things. Ripple has a $10B market cap and is already the 5th largest marketcap currency. It's price is so cheap simply because there are 40 billion shares in existence vs 16 million for BTC or BCH.
I figure with easy access to all the new users out there, they will just be looking at buying up shares which should pump the price.
Just a reminder that absolutely no one knows how btc is behaving short-term, you shouldn't think you can or you'll burn your hands with wrong trades. Don't know why some are so adamant in predicting exactly what will happen, even the world's biggest experts don't have a clue when it comes to btc. Last few people I've seen doing this lost the majority of their btc because they thought they could analyze the market to death and ended up predicting upcoming bottoms that never happened.
BTW, why do people think XRP being added to coinbase would lead to a price explosion? This coin is solely for banks and the success is completely tied to bank adoption. Only outcome of a coinbase addition would be an artificial short-term pump to burn newcomers.
Yes, but not an outlandish theory. Just don't understand why some people think they can pinpoint btc bottoms or tops to the exact point. It rarely ever works and especially since Nov nobody got it even remotely right. People have been screaming "correction, don't go fomo, overbought" since 7.5k and look where we are now.
god i wish the deposit limits at coinbase werent so low for bank wires.i wanna short the fk out of BTC
Exactly why I’ve been so hesitant to give up my measly 6% of a bitcoin. Who knows if I’d ever be able to buy it back on the “cheap”. Lol
Why would you short at 14.6k (after a 1hour drop that is likely to rebound short-term) instead of when it was at 17k-20k, or even yesterday's 15.5k-16k?
i have been.shorting the past two days. i lost my drivers license so i can only deposit wire transfer on coinbase... dont get me wrong im a huge supporter of bitcoin but i am specialize in options at work. I dont see how anyone couldnt see a short term play this weekend. your large institutions are going short the price just to buy it at a lower rate.
I'm not anyhow saying it is unlikely, just was confused to your shorting behaviour, but this explains it. My point still stands with short-term predictions though, it is a terrible mistake to call a precise bottom and then wait to get back in. Most people blatantly miss the real bottom or don't see any dip. So when you're saying "will go below 10k" and short the f out of it to buy back at 10k, that's the hell of a risk and I'd rather buy back in at let's say 11-12k or something if it comes to that point.
And even then, the dip might never happen because btc is sometimes crazy like that and doesn't behave like your standard stocks. There's a reason why many people will tell you to never short btc or to only do it with a fraction of your btc.
look at what happened with facebook when that ipo came out. price was driven down on purpose just so the larger investors could buy at a lower rate. its what happens with alot of ipos now the big boys are coming into this market.
As I've said, I know it is a scenario that can happen and isn't far-fetched. Just want you to know that btc doesn't behave like other stocks and even when it dips, can rebound in an instant. Waiting for precise bottoms is an enormous risk and you are very likely to miss.
you have to understand that alot of larger investors wont invest in bitcoin because of the unstability in the exchanges. do you think a institution or someone with real money is going to invest on coinbase? This is the same exchange that randomly goes offline at busy times. would you trust 500k of your money on a platform that has to go offline?
