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I feel bad for you, honestly. But serious question as well: Would you have went public with this if the price hadn't fallen dramatically? Perhaps if it went bac
by Moral_ 13y ago
I feel bad for you, honestly. But serious question as well: Would you have went public with this if the price hadn't fallen dramatically? Perhaps if it went back up to $1500 a coin would things be different? Either way I hope things get resolved for you.
- mgrunin 13y agoCourse not. But all I am asking for them is that they had delivered the coins on the day they said they would. If BTC went up, I would have had no advantage of them crediting me the coins on the day it was actually due or today.
- Moral_ 13y agoUnderstandable, thanks for your response.
- bushido 13y agoActually he probably still should have (and perhaps would have) taken this public, as they have failed to deliver the instrument in a timely manner and the OP could have bought and sold bitcoin taking advantage of price movements. This is a clear case of "bucketing"[0] whether done intentionally or not. Its illegal regardless if it seemingly "worked out". [0] http://www.investopedia.com/terms/b/bucketing.asp http://www.investopedia.com/terms/b/bucketing.asp
- makomk 13y agoIf the price went back up to $1500 a coin, Coinbase would cancel his transaction whether he wanted them to or not despite the supposed price lockin (and return his dollars in their own sweet time). Their usual justification is "excessive risk".
- Istof 13y agoThey also have an history of halting Bitcoin sales when it's value drops too much.