Bitcoin Forum

Look at the screenshot https://prnt.sc/134cwdo

Lmao too many people enter this site atm.
Website is collapsed.

Too many stress out losing all their money  :D

Binance has crashed and it's still down. CMC might have been affected as well. Lol.  Wouldn't you be scared if you have a lot of money invested in the market?

Anyway, upon checking right now, it still works, no crashes here.

I have 20k in the market. is 95% of my money

So you aren't stressed at all? Knowing that it's all of your money? What decided for you to invest that?

Binance fuc* their customers again. I wish that other exchanges will take over Binance position. Nothing can stay at top forever. In the past, Poloniex, Bittrex got troubles with technical issues, disconnections, lags when market has massacres. Recent months, since the bull run of Bitcoin, we have Binance.

Spot traders will be fine but leverage traders will be killed by Binance.

I was very angry but now I see my ADA recovered from $1 to 1.6$ so maybe is not the end.

I'm pretty sure they would make up excuses and make assumptions a lot. Anyway, I'm happier with one of the exchanges that I'm currently trading in, FTX. It still works and I can trade. Spot or even futures.

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So you went all-in with ADA just recently? Or you were in that position for quite some time?

I was pretty early in ADA from $1 up to 2.2$.


But I lose money on other coins Theta some eth and ogn
With  cake I am breaking even now after the dip.

using coinmarketcrap...yikes!

https://i.imgur.com/xFsynnT.jpg

simple as (:

I'm not here to defence Binance, but they aren't only exchange which was down today. Kraken, Coinbase, Crypto.com and probably some more were down today. Maybe everything because of panic sellers, I'm not looking for conspiracy theories there.

Old habits. It's difficult to get rid of it, probably same like stop smoking...

Everything collapsed from overload and high traffic not just coinmarketcap, coingecko and exchanges had trouble to deal with so much traffic and I saw withdrawals being suspended.
Best thing to do in times like this is to avoid watching those websites and your portfolios :)

Coinbase was also down earlier in the day. Prices were down heavily today, and this resulted in heavier traffic to exchanges and sites like CMC. I wonder how much Coinbase and Binance going down contributed to the acceleration of price declines.

Yeah, there was a high influx of people going over these sites to check how fast crypto prices were dropping. It's even worse on Binance especially for those futures traders because they were unable to login and close their open positions but it wasn't possible. Anyway, majority of those positions were liquidated. The last time I checked, Binance was trending on crypto twitter after the outage. Its just funny how Binance becomes unable in critical times like this.

I just left my portfolio for several hours without looking at the damage so I don't get tempted to sell at a loss. Thankfully, I kept my portfolio in check. Bad times.

There was a lot of alternative for Coinmarketcap.

Coingecko and Coinpaprika, if you just want to check the prices of cryptocurrency at that time, using an alternative for coinmarketcap will do.
Or using an exchange just like FTX Exchange will do if you will check prices, as far as I know, FTX got the most very low downtime yesterday, around 60 seconds only total. Which is the most reliable exchange at that time compares to Binance and other exchanges which down most of the time yesterday's dump.

Most of the coin tracker app yesterday was down even coingecko due to heavy traffic. Since most of this coin tracker website solely depends on exchange price. All of this kind of sevices is not working because all exchange is under maintenance which is there source.

Wow I can't imagine how stressful you are right now for seeing the current market rate if your funds still on exchange or on your personal wallet. Also maybe you need to relax since for me its normal many people are now watching the price on coin tracker price site since the market is dumping and people want to monitor the price from time to time. As of this writing CMC are totally fine so don't worry if you think this one could start a fud since fuders cannot use this, its a small issue which can be solve faster by them.

I hope you found a way to recover or just be break even. The market is really volatile but I hope for the best, in this case, back up to the ATH price.

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I read somewhere that they have resolved it already but it took almost an hour? I'm not really sure. A lot of people might have panic sold and was surprised when it bounced back right up a higher price again. Maybe they are involved with the whales having those types of orders? Or a lot of people just trying to access and it overloaded the system? Probably the latter.

This. Since Binance acquired CMC, it seems that it suddenly became a bit too bloated that it's been taking the whole page to load when you scroll down immediately after opening the page. Even with parts of the page missing like so:

https://i.imgur.com/rj4AwJi.png

And it's been like this for a while now, not just in peak times.

How come they are still experiencing this kind of thing, shouldn't they have an updated software and something that will help them in terms of web traffic?

It's not something where you simply just update your software and you're good to go. Chances are, this is going to need hardware upgrades as well. We like to talk crap about these services a lot, but let's not forget that these sites are one of the highest traffic websites outside the top social media platforms.

They should have expected that they will have a high traffic a long time ago given that cryptocurrency is gaining popularity and they are some of the top searches that is related to it, they could have slowly upgraded along the way.

I could guarantee that these services do indeed upgrade their hardware and software in anticipation of traffic spikes; but traffic spikes can easily easily heavily go far beyond their expectations especially in times of huge volatility. It's not like they like their platforms to go down; they make money off web traffic and exchange fees, after all.

Fair enough I guess, there will be down times and unexpected high times. But they should've had a measure placed in anticipation of this problem.

I don't know bakut the missing parts but the amount of bloated shit on coinmarketcap is extremely annoying. Sucks cause I loveeeee CMC. But oh well it seems coingecko is better might as well give it a shot.

Coinmarket really was pissing me off yesterday during the crash but meh we hodl.

You can see a history of outages and downtime at coinbase at https://status.coinbase.com/

The issue was first noted at 6:12 AM PDT, a fix was implemented at 7:38 AM PDT, and was marked at resolved at 8:36 AM PDT. There were a number of issues at coinbase throughout that day, and it looks like they might have had some additional downtime later that evening, when trading volumes were anticipated to be lighter to perform some maintenance.

It seems like many bitcoin related services and websites do not scale very well when they encounter heavy traffic volume. I understand why an exchange might have more difficult scaling 'on demand' due to security issues, but I would think it would be almost trivial for a site like CMC to scale. I would think CMC is fairly profitable, so I don't think cost would be an issue as to why they would be unable to scale.

There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.

I also stop using Coinmarketcap, Coingecko is much better you can register here register your portfolio so you can only check coins that are on your portfolio, you also have rewards in the form of points where you can buy affiliate stuff with a big discount, if you are investing in new coins you can see it here first, Coinmarketcap is always last to list a coin sometimes they don't list at all.

This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell.

I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.

DDOS? haha, exchanges don't need DDOS. They are never ready for massive traffic. Everyone, have a look at the past, Binance, for example, had problems a lot of times when the demand on certain coin and the traffic was increasing.

I can assure you that all the major exchanges are subject to frequent DDOS attacks. The same is true for the forum, and probably most other bitcoin related websites that bring in a lot of people (profits).

You are right, exchanges tend to go down when trading volume spikes. This is not a DDOS attack but is a potential attack vector. In the past, Bitfinex was attacked by someone creating many accounts, and depositing small/dust amounts into their accounts, wrecking havoc on their hot wallet UTXO set to be used for customer withdrawals. Requiring KYC verification will stop this attack.

CMC (and to a lesser extent CoinGecko lost out followers when they decided to become very selective concerning which coins/tokens/exchanges they are prepared to show on their website.  Another failing is when they DO list a coin/token/exchange and those details change (delisting/listing etc) neither updates that information.

Plus CMC has no real presence here in the forum.