USD is FDIC insured , BTC is privately insured:
https://support.coinbase.com/customer/portal/articles/1780543
supported states:


    Alabama (AL)
    Arkansas (AR)
    California (CA)
    Delaware (DE)
    Georgia (GA)
    Idaho (ID)
    Illinois (IL)
    Indiana (IN)

    Iowa (IA)
    Kansas (KS)
    Massachusetts (MA)
    Mississippi (MS)
    Missouri (MO)
    Montana (MT)
    New Hampshire (NH)
    New Jersey (NJ)

    New Mexico (NM)
    New York (NY)
    North Dakota (ND)
    Puerto Rico (PR)
    South Carolina (SC)
    Washington (WA)
    West Virginia (WV)
    Wisconsin (WI)


FAQ-
https://static.olark.com/jsclient-bucket3/follow.html

The BTC has been privately insured since November 2013 and is old news :
https://exchange.coinbase.com/
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

It is the USD held on the exchange that is FDIC insured that is new and unique

p.s..... of course if your girlfriend steals your password and phone to perform 2fa and steal your BTC you won't be covered. May not even be covered under such circumstances with Fiat either.

People purchased based upon the expectation of the great news from coinbase.

The fact that a FDIC insured and regulated exchange in the US with over 1million usable accounts to start has opened with 0 trading fees instead of 1% like before is a big deal. The fact that we will be able to use coinbase to set limit orders and trade at 0-0.25% instead of 1% is a big deal. The fact that no other exchange offers FDIC for usd balances is a big deal.

Does kraken currently have over 1 million unique users that can use the exchange?
Does kraken have FDIC insurance on usd balances?
Does Kraken currently have 0 fees?

Yes usd client deposits are indeed insured but with FDIC- https://support.coinbase.com/customer/portal/articles/1780543

FDIC Insurance
Customer funds stored in Coinbase USD Wallets are held with an FDIC-insured financial institution.  

BTC is privately insured , USD is FDIC insured.

If the funds are held in a FDIC insured institution they are insured by the FDIC up to 250k. I already spoke to one of their customer service reps to clarify.

FDIC covers 250k per depositor or user per institution/bank.  When you visit wallstreet you will notice that many atm receipts on the sidewalk show close to 250k balances (used to see many 90-95k balances before FDIC was increased) specifically because the wealthy know how to limit their liability and spread their funds around many banks to insure everything is insured. Expect the same with coinbase and gemini(when it opens).

Those that don't realize this , simply discount coinbase as just another exchange without realizing the full implications. The US is filled with millionaires needing another bank to park their cash into that is insured and what they can invest in.

Now that the NYSE is involved with coinbase and it is FDIC insured they won't mind diversifying their portfolios further. Another matter that is not being fully appreciated is the marketing power coinbase has by having not just those big VC companies backing them but the NYSE itself. Any user that things bitcoin is a ponzi or passing fad can be reminded that the NYSE disagrees with them. It is no longer BTC vs USD or BTC vs the SP500 , because BTC has been approved by the insiders. This may not immediately translate into a huge amount of new users but will have a profound effect in the coming months .

Since they raised 106 million from 37 VC companies who most did their due diligence we know that those numbers cannot be faked.

https://www.coinbase.com/about


Stats
1,900,000 Users
2,200,000 Wallets
38,000 Merchants
7,000 Developer Apps

No way to know how many of those 1.9 million(now 2 ) are active vs just sitting on some milibits.

 ... and only a few people bother to pay attention to anything they say as most have ignored them..

Better to remove the content of known trolls, like above, so you don't force those ignoring them to read it with a quote.


Bear trap still in effect.

I'll trade gold or other commodities for Bitcoin. Do commodities have no value?

Fiat is a good traditional step after salt/dyes/shells as a currency. In the future our great grand children will be horrified we trusted or even used
such a flaky and unstable antique PoS pre-mined oligarch form of currency.

Those people are either day traders who seek to profit on volatility regardless of price or trolls misrepresenting themselves. (throw in an occasional person desperate who lost their job , or has a nasty drug habit to feed as well)

But yes, I agree with your premise.... I'll be surprised if I don't see 400-600 in a few months.

You are making a tremendous mistake.
First rule is you never sell your bitcoins for a loss, unless you are a whale and can shake the weaker hands.

This thread is fine. I see no trolls. Learn to use the ignore button and life will get pleasant as they waste their time.
Suggestion : Do not ignore those you disagree with or dislike but those who repeatedly make asinine statements and waste your time.
As a rule of thumb I only ignore someone when I see them make multiple crazy/trollish comments as not to block many false positives.

Cannot be raped if we never sell for a loss. If Bitcoin fails than we lose everything but we are willing to take that risk in completing this experiment, otherwise
being a dis-inflationary currency we will eventually see a reversal in 2016 at the latest.

Your attempts at manipulating the market or trolling will not work on many of us sir.

So you have sold all your BTC and purchased alts? What Alts have you purchased?


P.s...http://impulse.is/impulse.pdf

Your comment would make sense if all VC capital was pouring into agnostic payment processors . In reality millions are also pouring into Asic manufacturers and mining companies which tech is specific to bitcoin and PoW.

Go through the list of over 528 million in VC capital and see for yourself :

http://www.coindesk.com/bitcoin-venture-capital/

I spent 1 minute looking at your post history, looks like you may be bitter because you tried to sell drugs with bitcoin at one time but failed running a business and had to shut it down.

Hopefully you won't give up so quickly , and keep trying to be successful in the future rather than trolling people in this thread.

Best of luck in the future.

P.S... I love how you are calling other people delusional when you are such a huge supporter of psychedelics

Yes, I typically don't do that , but being he is using a hero members account I am more apprehensive about placing older users on my ignore list. Looks like some bitcoin hater that has admitted to purchasing/ or taking over someone else s account just to troll. What a loser. He is now ignored and I will stop quoting him... I recommend others do the same too.

Spamming threads with non relevant content gets you on my ignore list as well. Take that shit to the alt forum sir.

Incredibly stable....Is there some whale pothead trolling us by keeping the price around 420?