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[AudraMiller]

Ruffer investment recently decided to increase their investment into bitcoin, and the platform that they chose to use for this increase was coinbase. In fact the investment into bitcoin was totaling 745 million us dollars. With the problems that coinbase has been having lately with the site going down and so forth, there are many that have chosen to move away from coinbase, however with such a large purchase in bitcoin being made through coinbase could this perhaps regain some of its lost reputation? Do you think that this could restore some of the confidence that people have in coinbase?

 

[Brain]

Definitely, it will boost it's reputation as an exchange despite their outstanding flaws. I still see it as one exchange worth using and I'm sure thousands of people does too. So no cause for alarm

 

[gammarays]

Buying such a huge amount of Bitcoin is more of an advantage and boost to Bitcoin than coinbase. The demand for Bitcoin is getting higher and will make its value increase in the coming days.

 

[SCAMEXPOSER]

This will definitely restored the diginity of the site, these Exchange platforms are like banks they also contact and convince wealthy Crypto holders to move funds to their sites for better recommendation.

 

[SCAMEXPOSER]

Yeah the demand for bitcoin is on a whole new level. When something is in high demand, the price imcreases. Let's see how this unfolds in the following year

Next year may also be the year for a new rise because the pandemic lockdown may still resist some businesses so more Investors may pitch tent with bitcoin again.

 

[AudraMiller]

Next year may also be the year for a new rise because the pandemic lockdown may still resist some businesses so more Investors may pitch tent with bitcoin again.

I agree with you here. many of the countries are entering their second and third waves of the pandemic, and in order to prevent the spread or contain the spread of the new strain in the virus, lockdown restrictions are being reimplemented. This will cause many to work from home and once again venture into online earning potentials and the possibility of cryptocurrencies.

 

[Josemendez]

Ruffer investment recently decided to increase their investment into bitcoin, and the platform that they chose to use for this increase was coinbase. In fact the investment into bitcoin was totaling 745 million us dollars. With the problems that coinbase has been having lately with the site going down and so forth, there are many that have chosen to move away from coinbase, however with such a large purchase in bitcoin being made through coinbase could this perhaps regain some of its lost reputation? Do you think that this could restore some of the confidence that people have in coinbase?

People do have confidence in coinbase but because coinbase has some strange restrictions , people barely consider using them for holdl their coins

 

[CrazySher]

Ruffer investment recently decided to increase their investment into bitcoin, and the platform that they chose to use for this increase was coinbase. In fact the investment into bitcoin was totaling 745 million us dollars. With the problems that coinbase has been having lately with the site going down and so forth, there are many that have chosen to move away from coinbase, however with such a large purchase in bitcoin being made through coinbase could this perhaps regain some of its lost reputation? Do you think that this could restore some of the confidence that people have in coinbase?

Yes, there are a number of big investers, who invested millions of money to it, and also gain profit from it is at rampaged the 2020.

 

[SCAMEXPOSER]

I agree with you here. many of the countries are entering their second and third waves of the pandemic, and in order to prevent the spread or contain the spread of the new strain in the virus, lockdown restrictions are being reimplemented. This will cause many to work from home and once again venture into online earning potentials and the possibility of cryptocurrencies.

This is more reason why I believe it may continue to witness increase in it value for the first quarter of next year because when people work from home they also prefer to invest from home.

 

[Wisdom01]

True i think it would boost people confidence in the site , but am surprised why the person can't keep the bitcoin in a hardware wallet ,because the bitcoin is really huge

 

[SCAMEXPOSER]

True i think it would boost people confidence in the site , but am surprised why the person can't keep the bitcoin in a hardware wallet ,because the bitcoin is really huge

You know coinbase is highly secure and they might also be using hard ware wallets for those huge amount of deposits been made on their platform.

 

[GoldenLady]

Buying such a huge amount of Bitcoin is more of an advantage and boost to Bitcoin than coinbase. The demand for Bitcoin is getting higher and will make its value increase in the coming days.

This is right, this will help Bitcoin itself more than coinbase. But it will also make some people to believe coinbase can be trusted to carry out large transaction instead of other exchanges.

 

[Niftyicon]

The deal may even account for the recent increment in the price of bitcoin. But to be sincere, investors with huge amount has this time as opportunity to invest in bitcoin in high quantities.

This investment and several others have had huge contributions to the increase in bitcoin price we have been experiencing recently. I do hope more investments in bitcoin will keep coming.

 

[SCAMEXPOSER]

It was definitely a push to the rise of Bitcoin price in the last days of December last year. The company has made huge amount of money from the Investment.