Bitcoin image just got completely screwed today

[drgrah]

So, That wacky rally today looks to be unique to Coinbase.  Bittrex and Poloniex show highs below 16,000.  So if this doesn't make BTC look like idiotic tulip mania I don't know what does.  All these new customers, buying into the $19,xxx's and then what happens??  THE SITE GOES DOWN!  This is the worst case PR disaster I can think of at the moment.  Can you imagine buying your first BTC at $19,500 and when the site comes back up it's going for $16,000???  UGH!!

[kahc]

So, That wacky rally today looks to be unique to Coinbase.  Bittrex and Poloniex show highs below 16,000.  So if this doesn't make BTC look like idiotic tulip mania I don't know what does.  All these new customers, buying into the $19,xxx's and then what happens??  THE SITE GOES DOWN!  This is the worst case PR disaster I can think of at the moment.  Can you imagine buying your first BTC at $19,500 and when the site comes back up it's going for $16,000???  UGH!!

RIP, so many FOMO customers that got raped today buying in at ATH.

Bitcoin fell 22% in under 30 minutes, approximately the same time when Coinbase and Blockchain went down.

[drgrah]

It sucks because I had just at down to sell one over 19, after hours of walking around saying WTF is happening???  And that's when it went down.  Still can't log onto coinbase...
The press is going to murder bitcoin today.

[GreatOrchid]

Clearly you dont know how cryptos work, it went up by more than 40% during today, seriously do you think that 22% is a crash?

RIP, so many FOMO customers that got raped today buying in at ATH.
Bitcoin fell 22% in under 30 minutes, approximately the same time when Coinbase and Blockchain went down.

It felt over 22% just because a few group of people probably started to cash out their earnings, it is not a crash, and you must know that almost all the exchanges are now crashed, it is not bitcoin faults.

Blockchain.info, coinbase, gdax, poloniex, bittrex, localbitcoins they all are down, COLLAPSED might be the good word to explain that.

I am not afraid, the price is over $16300 right now, do you really think that it is a low price?

[drgrah]

It may not be bitcoin's fault, but all the new mainstream investors won't differentiate, or care to.  They FOMO'd at a price several thousand dollars higher than other exchanges and then got locked out.  This is literally worst case scenario.  And more fuel to the fire for CME to come in and short the shit out of it.  It's going to be an interesting month to say the least, LOL.

[Iranus]

So many different BTC related sites are coming down at the same time today.  I suspect that it's due to the hype causing people to rush to the websites.  Bitcointalk has been intermittently down as well lately.

The press is going to murder bitcoin today.

I've actually been surprised by the lack of press attention for BTC outside of the business and tech sections.  You'd expect that an event as huge as this would warrant some serious and detailed attention.

What the articles in the main sections seem to be giving is just very basic (and sometimes inaccurate) explanations about what BTC is rather than anything to do with what's actually happening.

[reflector]

So many different BTC related sites are coming down at the same time today.  I suspect that it's due to the hype causing people to rush to the websites.  Bitcointalk has been intermittently down as well lately.

The press is going to murder bitcoin today.

I've actually been surprised by the lack of press attention for BTC outside of the business and tech sections.  You'd expect that an event as huge as this would warrant some serious and detailed attention.

What the articles in the main sections seem to be giving is just very basic (and sometimes inaccurate) explanations about what BTC is rather than anything to do with what's actually happening.

Last Monday we found the same issue in the bitcointalk forum that there was a server issue in the forum. Today find the issue in the Coinbase, Nicehash, Localbitcoins selling page and here in the forum. I am really confuse that why most of the popular bitcoin related sites are down at the same time.
Will these issue has been mentioned here what is the issue going on. Please try to keep safe your bitcoin which have in your wallet buddy. That will make you comfortable to keep your money safe than private key shared online wallets.

[kahc]

Clearly you dont know how cryptos work, it went up by more than 40% during today, seriously do you think that 22% is a crash?

RIP, so many FOMO customers that got raped today buying in at ATH.
Bitcoin fell 22% in under 30 minutes, approximately the same time when Coinbase and Blockchain went down.

It felt over 22% just because a few group of people probably started to cash out their earnings, it is not a crash, and you must know that almost all the exchanges are now crashed, it is not bitcoin faults.

Blockchain.info, coinbase, gdax, poloniex, bittrex, localbitcoins they all are down, COLLAPSED might be the good word to explain that.

I am not afraid, the price is over $16300 right now, do you really think that it is a low price?

Well, I can clearly tell that you are a novice crypto-trader.
In cryptos crashes are driven by panic.
You really think that a "few groups of people" can cause a 22% fall in Bitcoin in such a short time-frame? Go and take a look at the volume during that time-frame.
A lot of people panic sell and exchanges collapse, that's what happened

Also I didn't say it was a crash, you said that yourself.

[bitbunnny]

This has nothing to do with Bitcoin and it’s not Bitcoins’ fault. Because of the crazy price growth many users wanted to cash out their coins and the exchangers platforms couldn’t stand so much pressure in so short period of time. Thea are not prepared. Here we come to the question if the infrastructure that supports Bitcoin usage is ready and can take Bitcoin mass adoption. If this wouldn’t be solved we might experience such situations more and more often.

[TorbiK]

This has nothing to do with Bitcoin and it’s not Bitcoins’ fault. Because of the crazy price growth many users wanted to cash out their coins and the exchangers platforms couldn’t stand so much pressure in so short period of time. Thea are not prepared. Here we come to the question if the infrastructure that supports Bitcoin usage is ready and can take Bitcoin mass adoption. If this wouldn’t be solved we might experience such situations more and more often.

I agree with you. If the infrastructure is not pumped, then everyone will have a hard time. These difficulties will entail a drop in confidence and demand.

[Rebldomakr]

After most sudden influxes and corrections all major BTC services go down/get slower for a period of time. This is just part and parcel of trading, and you have to deal with it if you're going to use an easy service like that.
In fact, it becomes part of the logic not only to ride the profit, but also to predict when you should and can pull out.

[10000BTC]

I'm very skeptical about this recent hype in the bitcoin price.
i can't even buy because it looks so real to me that it can one day
come to an un imaginable low price.
I don't understand why the price should be as it is now.

[coolcountry]

The sudden increase reminded me of a mass craze as well. But these things are to be expected in my opinion, especially when people start reading news like "btc went past $15K". That the sites went down is really bad, of course, but just like in other sectors, you should read up and take care not to buy at ATH. I'm sorry for those people, but they should have known that "buy low, sell high" applies to bitcoin as well.

[aso118]

So, That wacky rally today looks to be unique to Coinbase.  Bittrex and Poloniex show highs below 16,000.  So if this doesn't make BTC look like idiotic tulip mania I don't know what does.  All these new customers, buying into the $19,xxx's and then what happens??  THE SITE GOES DOWN!  This is the worst case PR disaster I can think of at the moment.  Can you imagine buying your first BTC at $19,500 and when the site comes back up it's going for $16,000???  UGH!!

If you are swayed by recent media reports  and rush in to buy bitcoins at these levels, you have only yourself to blame if Bitcoin crashes. We shouldn't think of this as a PR disaster for Bitcoin. Some volatility is good, so that we don't have noobs rushing in at every point.

[CryptoRage]

Coinbase is garbage, they are sell BTC 1K above current market after BTC has dropped 2k

[bitfools]

It sucks because I had just at down to sell one over 19, after hours of walking around saying WTF is happening???  And that's when it went down.  Still can't log onto coinbase...
The press is going to murder bitcoin today.

COINBASE has been an IRS agent for years now, anybody that used COINBASE deserves whats coming to them, whether it be IRS stealing their BTC, or a common non-gov criminal.

BTC was never meant to be controlled by Mining-Pools and IRS Gov Agent Fronts.

COINBASE is the Microsoft of BITCOIN, where NSA/CIA has had close relationship with Microsoft 20+ years to spy on USA people, COINBASE has worked closely with IRS since inception.

[DannaWonder]

Why people are always in a hurry. You should be patient on your investment. If all of the investors will think that it is a crash then the price will really go down. Just trust bitcoin and it will eventually go up and you will start gaining from your investment. Demand is really going up maybe one of the reason why some exchanges are crashing.

[Mr.Smithers]

Clearly you dont know how cryptos work, it went up by more than 40% during today, seriously do you think that 22% is a crash?

Blockchain.info, coinbase, gdax, poloniex, bittrex, localbitcoins they all are down, COLLAPSED might be the good word to explain that.

They are down together with bitcoin network itself, unfortunately. Look at the number of unconfirmed transactions (220k +). I have not seen levels like that ever. And it is not just that moment. It has been the whole night like that. The recommended transaction fee currently is crazy 400 satoshi per byte. It would make like 20 USD (I am guessing, but I am sure I am not very far from the true number) per average transaction, especially at current prices.

[fitzzz]

its hype that causes the site down and it will be stable soon. panic buying comes in so when the price goes down they also panic..

[tutorroma]

It's clear that bitcoin is quite different from the tulip bubble in Holland in seventeenth Century. At that time, Holland tulip, only a minority group participated, the Royal aristocrat or the rich and the identity of the people. And today's encrypted currency is a huge user group, and some of the encrypted currencies are combined with the entity industry.