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Author Topic: Coinbase: Lose the daily buy limit  (Read 1150 times)
NikolaTesla
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April 13, 2013, 09:45:11 PM
 #1

Every single time prices and market conditions are just right such that I want to make a buy, I get this stupid message:

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Note! We've exceeded our normal buy limits for today. If you would still like to purchase you will receive the market price of bitcoin on Thursday Apr 18, 2013 at 02:39PM PDT after your funds have arrived.

You can't be serious, right? Who in their right mind would buy at an unknown exchange rate a week later? Just lose the stupid limit because there's no reason to have it in the first place. You're just making less money than you could by doing this, besides making you look amateurish. I've been fucked several times when I've wanted to buy in but couldn't and then the price goes back up.

Please get rid of this already.

Do as thou wilt shall be the whole of the law.
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aantonop
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April 13, 2013, 10:05:00 PM
 #2

You can't be serious, right? Who in their right mind would buy at an unknown exchange rate a week later?

I just bought about $5k on the "market price", a week later (Thursday).

The transaction can be cancelled up to the day before. Basically, it's a Put Option, of sorts.


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April 13, 2013, 11:07:23 PM
 #3

What if you don't cancel the day before and then the price spikes in the last 24 hours? Then once you have the coins you're in a downward trend.

It finally allowed me to buy at 104, but I wanted to buy when it was 92.

Do as thou wilt shall be the whole of the law.
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