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Thread: Coinbase, one of the biggest bitcoin marketplaces, says buying and selling is temporarily disabled a

  1. #1

    Default Coinbase, one of the biggest bitcoin marketplaces, says buying and selling is temporarily disabled a

    Stop that waterfall...........



    Coinbase, one of the biggest bitcoin marketplaces, says buying and selling is temporarily disabled amid price rout



    Coinbase says at 11:11 a.m. ET that "all buys and sells have been temporarily disabled."
    The interruption in service comes as bitcoin briefly tumbled below $11,000, down 44 percent from its record high hit Sunday.
    On Thursday, Coinbase had temporarily disabled buys and sells at 5:57 p.m. ET, according to its status website. The issue was resolved within 15 minutes.


    The company added in a subsequent statement that "due to today's high traffic, buys and sells may be temporarily offline. We're working on restoring full availability as soon as possible."


    https://www.cnbc.com/2017/12/22/coin...rice-rout.html

  2. #2
    Join Date
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    GDAX, coinbase's trading platform, is still operational with buys, sells, order creation/cancellation etc.

    The sky may fall but has not at this moment in time.


    edit to add: GDAX may now be affected as well
    Last edited by ynot2k; 12-22-2017 at 12:35 PM. Reason: per edit to add

  3. #3

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    really really find a side door and go out, drive across 3 states if you have to, to collect physical ANYTHING on exchange for cryptos, with companies too dumb or slow to halt trading in cryptos!

  4. #4

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    These exchanges should not interfere with the 'free market' IMO
    Disclaimer: DYODD (Do your own due diligence). Any information in these posts are my own personal opinions and not investment advice

    ------------------------------------------------------------------------------

    There's always an Arquillian Battle Cruiser, or a Corillian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable little planet, and the only way these people can get on with their happy lives is that they DO NOT KNOW ABOUT IT! - "K"

  5. #5

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    Quote Originally Posted by IceAged View Post
    These exchanges should not interfere with the 'free market' IMO
    free market is worthless without exchanges.

    nobody will exchange bitcoin if they know they can never cash out. And to those who say bitcoin for goods barter...... how many people do you think that are the ones that barter in the first place will want to do that knowing big brother instantly sees a bitcoin go into your ip address, and a week later you get a letter from the IRS demanding to know what it is for, and oh by the way, pay 10% tax on it.
    Last edited by shades; 12-22-2017 at 12:59 PM.

  6. #6

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    Quote Originally Posted by shades View Post
    free market is worthless without exchanges.

    nobody will exchange bitcoin if they know they can never cash out. And to those who say bitcoin for goods barter...... how many people do you think that are the ones that barter in the first place will want to do that knowing big brother instantly sees a bitcoin go into your ip address, and a week later you get a letter from the IRS demanding to know what it is for, and oh by the way, pay 10% tax on it.
    I'm basically agreeing with you, IMO I think the exchanges should just stay operational and let the buyers and sellers do what they want to do (buy or sell)

    Once the exchanges start interfering there really is not a free market per-se
    Disclaimer: DYODD (Do your own due diligence). Any information in these posts are my own personal opinions and not investment advice

    ------------------------------------------------------------------------------

    There's always an Arquillian Battle Cruiser, or a Corillian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable little planet, and the only way these people can get on with their happy lives is that they DO NOT KNOW ABOUT IT! - "K"

  7. #7
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    GDAX back online fwiw.

    This doesn't change the actual outlook however. "It" all could still fail, or not.

  8. #8
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    Quote Originally Posted by IceAged View Post
    I'm basically agreeing with you, IMO I think the exchange should just stay open and let the buyers and sellers do what they want to do (buy or sell)

    Once the exchanges start interfering there really is not a free market per-se
    GDAX has had fails before so some of these 'outages' may not be a decision to halt but simply tech failure.

  9. #9

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    Quote Originally Posted by shades View Post
    really really find a side door and go out, drive across 3 states if you have to, to collect physical ANYTHING on exchange for cryptos, with companies too dumb or slow to halt trading in cryptos!
    IIRC, there are 2-3 PM dealers now taking bitcoins, and one IIRC that is taking like the top 5

    And you can always blow your wad at overstock and buy a bunch o' stuff
    Disclaimer: DYODD (Do your own due diligence). Any information in these posts are my own personal opinions and not investment advice

    ------------------------------------------------------------------------------

    There's always an Arquillian Battle Cruiser, or a Corillian Death Ray, or an intergalactic plague that is about to wipe out all life on this miserable little planet, and the only way these people can get on with their happy lives is that they DO NOT KNOW ABOUT IT! - "K"

  10. #10

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    Quote Originally Posted by IceAged View Post
    IIRC, there are 2-3 PM dealers now taking bitcoins, and one IIRC that is taking like the top 5

    And you can always blow your wad at overstock and buy a bunch o' stuff


    Overstock CEO warns of cryptocurrency dangers

    Fresh on the heels of his own initial coin offering, Overstock.com CEO Patrick Byrne had harsh words for latecomers to the exploding cryptocurrency space.

    “I’d put it this way: If they don’t already have a bunch of blockchain developers and if they can’t tell you what ERC-20 is … then they’re con men,” Byrne told The Post in a phone interview Thursday.

    ERC-20 is the standard bitcoin-rival ethereum uses for its tokens.

    “They’re just trying to get some sort of pump for their stock,” Byrne said of Long Island Iced Tea Corp. and other microcap companies that reaped massive paper gains in recent weeks following opportunistic pivots into the cryptocurrency space.


    https://nypost.com/2017/12/21/overst...rency-dangers/

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