Coinbase crashing due to dump?

[CryptoPro3]

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?

[1715654212]

1715654212

[goinmerry]

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"

[Panxora_COO]

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

[CryptoPro3]

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.

[socks435]

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..

[ChiBitCTy]

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?

[Qartada]

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.

[ridery99]

Gox hacked? 

[TryNinja]

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.

[brobbel]

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...

[helloeverybody]

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

[goinmerry]

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.

[TrissMerigold]

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

[mescalito]

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

[BitcoinNewsMagazine]

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.

[equator]

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.

[agustina2]

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.

[sobsitesearch]

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

[SamsungBitcoin]

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.

[mindrust]

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.

[Haladay]

This is the disadvantage of using online wallets. You better stop using online wallets because you don't know your private key and you're never safe. You could see the system turned offline in busy times.

[LeGaulois]

Yeah AGAIN Coinbase has been offline right for the dump. Are you know still thinking it is a pure coincidence if Coinbase suddently goes offline when the Bitcoin's price is failing.  2 times in a very short preiod of time ? and of course not just the first or second time it's happen when this exact situation regarding the price.
Right now, myself I can log in but the dashboard doesn't load. Is it a subliminal message from Coinbase telling us something about the price ?
System outage ? How fake it is ?

[okbit]

I have always trusted Coinbase, but this issue worries me.

[ChiBitCTy]

I keep reading how this happens "every time there is sizable price movement" or "this is common during times of higher volatility".  I have used Coinbase for over a year now and have bought/sold many many times during volatile periods but never have I had an error for more than 5-10mns.  It's been nearly 3 hours now that their website and app have been non-functional.  For the last hour I can't even half way get in to my app and see my values as I had been sort of able to the past 2 hours. I'm having a very hard time believing that in the past year and a half or so that this is "normal".  It's completely unacceptable that I am positive of.

[Karasugoi]

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.

The mobile site claims to be operational.  Anyone trying to buy / sell with your smartphone?

[lite]

This is the disadvantage of using online wallets. You better stop using online wallets because you don't know your private key and you're never safe. You could see the system turned offline in busy times.

Yes, exactly. i've stopped using coinbase like a year ago.(i used to keep spendable coins there!)

I have always trusted Coinbase, but this issue worries me.

You're coins are safe i guess, it's just not accessible atm. that's why one should always use a wallet where one has full control over it.^

[audaciousbeing]

They are probably not able to handle the pressure and they feel if the order is too much and unable to meet the needs of people coming for it, it would probably cause some fundamental issues the best is to shut down for a while and see how the market will react and let the rushing subside before opening shop for further business actions.

[HaXX0R1337]

I have always trusted Coinbase, but this issue worries me.

If you look at the past few months they are offline most of the time and when ever there is a huge pump or a dump you wont be able to log in because they will be offline during those times and you loose your opportunity to sell the coins in time,this is a problem when we are trusting online wallets,never use them for storing your assets.

[coolcoinz]

I have always trusted Coinbase, but this issue worries me.

There's too much interest in Bitcoin nowadays and not enough exchanges. Most of them are made to support certain number of logged clients and if that number doubles there's nothing they can do. This isn't bad for us clients, but also embarrassing for the exchange. I hope they will learn from this and invest in better servers.

[JUPITYR]

This is being done intentionally, no question about it.  This is a serious trust issue.  The worst part is that this puts a black eye on the crypto space because so many newbies utilize Coinbase and most likely hold everything there.  Right or wrong, everyone starts somewhere and if the most known exchange in this space acts like a baby every time the market crashes, then it won't take long for people to run, not walk away from cryptos. 

Imagine if TD Ameritrade or ETrade went down in the middle of every market crash.  How likely would you be to go back and invest more money in the market, even through another exchange?

[darkangel11]

I hope you guys know that dumps never cause an exchange to crash. If it was that easy one could write a bot that makes a buy/sell order every millisecond and just spams the shit out of those buttons to crash an exchange every time. Crashes are usually due to people setting up alarms on positions and when a crash happens they quickly try to log in all at once. This usually overloads the servers. It's similar to a ddos attack.  

Or like you're saying it could be an intentional manipulation.

[LeGaulois]

I hope you guys know that dumps never cause an exchange to crash. If it was that easy one could write a bot that makes a buy/sell order every millisecond and just spams the shit out of those buttons to crash an exchange every time. Crashes are usually due to people setting up alarms on positions and when a crash happens they quickly try to log in all at once. This usually overloads the servers. It's similar to a ddos attack.  

Or like you're saying it could be an intentional manipulation.

Yeah maybe, but servers overloading isn't supposed to be something that shall be anticipated long before such events happen ? Specially when it's not the first, second or third time this happen ? No lesson learned ? It needs to be proactive and not sit down and wait to see what problems are going to happen

I say "maybe" because really it seems to me like a noob mistake from them that I wonder if it's wanted or not. I don't  know buy servers buy datacenters lol, do something, do not let this doing again and again

[Minecache]

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.

I'm hearing from my contacts west side that it's due to unprecedented demand. They can't cope.

[Argon2]

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?

Coinbase now being brought into the Cryptsy lawsuit wouldn't advice to hold any funds there until the judge makes a ruling. Best be safe than screwed.

[stompix]

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

This is hilarious...
In case you still haven't read the news...Mtgox went bankrupt years ago !!!!!!!!

As for coinbase I think it is the safest around here.
If this one goes down probably it's time to forget about all the exchanges.

[Quickseller]

You probably will want to at least setup access to your Coinbase account via their API as a backup.

It is not uncommon for their website to be down while customers will still have full functionality via API.

[LeGaulois]

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

It's clear like water you never used MtGox a single time. Every guy having an account in, knew MtGox is gone years ago! You are 3 or 4 years late man! Even people not having an account know it, it was a drama all over the news. In case it was true you have an account if you were really facing problem to access the site, you would have searched in any search engine some news. You surely were not even trying to log in MtGox, you were looking to post something useless

You probably will want to at least setup access to your Coinbase account via their API as a backup.

It is not uncommon for their website to be down while customers will still have full functionality via API.

Didn't know it is possible. How access account via API can be done?

EDIT: Is it this? https://developers.coinbase.com/docs/wallet/guides/send-receive
You use this in a Terminal?