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Author Topic: Coinbase crashing due to dump?  (Read 1490 times)
CryptoPro3
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June 12, 2017, 05:57:46 PM
 #1

Anyone else experiencing problems with Coinbase? They say the site is offline. I'm guessing many people are rushing to go buy BTC during the dip and crashing the server?

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June 12, 2017, 06:03:20 PM
 #2

Anyone else experiencing problems with Coinbase? They say the site is offline. I'm guessing many people are rushing to go buy BTC during the dip and crashing the server?

Just few minutes ago they are operational and I do some transactions there. And now the site is offline. Good thing I done transacting before the price dump. I think Coinbase intentionally shut it down so that people there would not be able to sell as surely they received hard volumes again since the price started to decrease but not that much.

Exchanges with trading feature of against the company are always like that compare to the usual trading exchanges where we deal on the actual traders. No choice but to wait as usual.

"Partial System Outage"
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June 12, 2017, 06:05:41 PM
 #3

I LOVE IT! An exchange that chooses when to let customers transact business. Companies in this space are SO unprofessional.

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CryptoPro3
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June 12, 2017, 06:07:07 PM
 #4

Unbelievable.. when the site it back up the price will probably be $2800-$3000. Those fuckers. Missed my chance to buy low because of their site. I would go over to Coinmama but there prices are $200 higher.

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June 12, 2017, 06:11:56 PM
 #5

I just notice that this is happen also before when we are seeing price really increase they are also closing or the site is unavailable..
But their reason they are halving updates like themes on the site and wallets..
I'm sure they will be back soon after a large dump happen..

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June 12, 2017, 06:15:27 PM
 #6

I haven't been able to use the Coinbase app / website for maybe close to 2 hours now?  I know better, and even though I'm a "newbie" here, not a newbie in the crypto world and I have no one to blame but myself for still using this garbage medium (I've been traveling and have been using Coinbase a lot due to how easy it is (was) to use).  Lesson learned to many of us here.  Major black eye for Bitcoin and cryptoworld?  Short or long term black eye?  Imagine once it's back up and fully functional.  I have to think there will be a major/rapid sell off across BTC/ETH/LTC?
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June 12, 2017, 06:15:42 PM
 #7

Coinbase is crashing because they feel like it.

There's absolutely no world in which an exchange decides they can't handle large transaction volume for weeks on end without at least beginning to fix the problem.

When the price goes up this far exchanges feel like they have an excuse, but they don't.  I'd be terrified as a cryptocurrency trader right now.

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June 12, 2017, 06:20:05 PM
 #8

Gox hacked?  Shocked
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June 12, 2017, 06:25:32 PM
 #9

You can always check their status in this page: https://status.coinbase.com
Looks like they are experiencing some issues right now with their website.

Coinbase - Website [Major Outage]

Edit: RIP right when we need it

SERVICE UNAVAILABLE
Coinbase is currently down for maintenance. Please try again later or see our status page for more information.

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June 12, 2017, 06:28:13 PM
 #10

Anyone else experiencing problems with Coinbase? They say the site is offline. I'm guessing many people are rushing to go buy BTC during the dip and crashing the server?

Just few minutes ago they are operational and I do some transactions there. And now the site is offline. Good thing I done transacting before the price dump. I think Coinbase intentionally shut it down so that people there would not be able to sell as surely they received hard volumes again since the price started to decrease but not that much.

Exchanges with trading feature of against the company are always like that compare to the usual trading exchanges where we deal on the actual traders. No choice but to wait as usual.

"Partial System Outage"

And why should they "intentionally shut it down"?

And why is their exchange www.gdax.com still working without problems?

Strange thinking...
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June 12, 2017, 06:29:29 PM
 #11

Its not like coinbase going down is new news. This happens any time the price moves even slightly one way or the other. Coinbase can probably affect the price quite well just by holding back so many customers from selling or buying when they want. If they weren't so convenient when they actually work id buy elsewhere =p

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June 12, 2017, 06:32:36 PM
 #12

Anyone else experiencing problems with Coinbase? They say the site is offline. I'm guessing many people are rushing to go buy BTC during the dip and crashing the server?

Just few minutes ago they are operational and I do some transactions there. And now the site is offline. Good thing I done transacting before the price dump. I think Coinbase intentionally shut it down so that people there would not be able to sell as surely they received hard volumes again since the price started to decrease but not that much.

Exchanges with trading feature of against the company are always like that compare to the usual trading exchanges where we deal on the actual traders. No choice but to wait as usual.

"Partial System Outage"

And why should they "intentionally shut it down"?

And why is their exchange www.gdax.com still working without problems?

Strange thinking...

They currently experiencing high traffic & customers have receive a "service unavailable" message based on their status. You will still operate if that is the case? Then you must shut it down. Anyways my above statement is just an assumption. Why always like that whenever price start to decrease for large margin? Just coincidence or you don't have an idea it was happened many times already? Since it was happened many times now, coincidence is already not fit with the situation.

Like I said before I post that, just few minutes ago Im using Coinbase, the price was on decreasing status at that time, then fast decrease happened and then boom Coinbase is not available.
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June 12, 2017, 06:34:14 PM
 #13

for some reason coinbase still fine from me , but i cant acces mt gox and kraken ,, i dont know that .. anyone ? for mt gox i cant access it like a weeks dunno why , never touch coinabse because it still didnt support on my country yet

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June 12, 2017, 06:38:27 PM
 #14

for some reason coinbase still fine from me , but i cant acces mt gox and kraken ,, i dont know that .. anyone ? for mt gox i cant access it like a weeks dunno why , never touch coinabse because it still didnt support on my country yet
Weird, Kraken works fine for me
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June 12, 2017, 06:43:15 PM
 #15

This happens pretty much every time there is a major move. If you like Coinbase you need to transfer fiat to GDAX and place low ball buy orders. You can't count on Coinbase being responsive during major market moves but if you have buy orders in at GDAX they should get filled.

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June 12, 2017, 07:13:27 PM
 #16

This happens pretty much every time there is a major move. If you like Coinbase you need to transfer fiat to GDAX and place low ball buy orders. You can't count on Coinbase being responsive during major market moves but if you have buy orders in at GDAX they should get filled.

I am only using the regular exchanges like yobit, poloniex etc where still the trading is going on, coinbase like services are waste as when they see high dump or pump they just close their server so that traders should not get the benefit of this crisis. It is so unfair policy of this type of exchanges where they are controlling the site according to their wills.
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June 12, 2017, 07:17:11 PM
 #17

This happens pretty much every time there is a major move. If you like Coinbase you need to transfer fiat to GDAX and place low ball buy orders. You can't count on Coinbase being responsive during major market moves but if you have buy orders in at GDAX they should get filled.

I am only using the regular exchanges like yobit, poloniex etc where still the trading is going on, coinbase like services are waste as when they see high dump or pump they just close their server so that traders should not get the benefit of this crisis. It is so unfair policy of this type of exchanges where they are controlling the site according to their wills.

Like stated above, selling coins at Coinbase is directly to their wallets. It's like our local exchange wallet here where once we sold our coins, we are dealing with the company and not on other trader itself like those in normal trading exchanges and example of them are the exchanges you mentioned.

It's really unfair for those who have an active funds at Coinbase since they can't execute selling their coins during price crash. And now no profit taking happened because they are not operational.

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June 12, 2017, 07:22:10 PM
 #18

Unbelievable.. when the site it back up the price will probably be $2800-$3000. Those fuckers. Missed my chance to buy low because of their site. I would go over to Coinmama but there prices are $200 higher.
There are many site that you can used to buy bitcoin as your investment, do not waste your time waiting for the system online of coinbase time is gold in bitcoin, and do not focus in one online wallet we need some alternatives if something bad happens in one wallet you have an options in other wallet. Also to lessen the risk of your money
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June 12, 2017, 07:26:41 PM
 #19

Unbelievable.. when the site it back up the price will probably be $2800-$3000. Those fuckers. Missed my chance to buy low because of their site. I would go over to Coinmama but there prices are $200 higher.
There are many site that you can used to buy bitcoin as your investment, do not waste your time waiting for the system online of coinbase time is gold in bitcoin, and do not focus in one online wallet we need some alternatives if something bad happens in one wallet you have an options in other wallet. Also to lessen the risk of your money
Absolutely agree with you mate that is what i am doing in my bitcoin i use multiple bitcoin wallet and i divided my bitcoin because i know by doing that is i already lessen the risk and also i can able to choose what wallet to transact i always consider the transaction fee and the range of buy and selling value.
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June 12, 2017, 07:27:07 PM
 #20

Anyone else experiencing problems with Coinbase? They say the site is offline. I'm guessing many people are rushing to go buy BTC during the dip and crashing the server?
I think Coinbase intentionally shut it down so that people there would not be able to sell

I don't think coinbase is doing that intentionally. It would damage their business in a very silly way.

What really happened is;

a)They are either having legal(!) problems again,
b)They got hacked,
c)They are honest and they couldn't handle the orders and servers go kaputt

All of them are possible.


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