Punish all exchange especially Coinbase

[sann111]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

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[DannyHamilton]

The exchanges don't choose the exchange rate, the users do.  There is nothing the exchange can do about that.

If you don't want to use an exchange, then don't use an exchange.  I find that the exchange fees at GDAX (owned by Coinbase.com) are fair, so I will continue to use them.

[sheenshane]

Lets all punish the Exchanges so they don't earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

Without exchanges mate, we also don't have profit to earn in cryptocurrencies. They are just like our pathway to have a profit if without them crypto will down. So here is my advice chose those exchange site that having a high volume market and I'm sure the price was actually near in the cryptomarketcap price. Well, I also suggest that if the price like this in the market so dump better to relax in trading back again if the price bouncing back, besides it is the opportunity to invest not to trade.

[sann111]

Its not the users that caused the price to go down, its definitely the Exchange. Its impossible that more than half users dumped their bitcoin in the 5 min time frame.

[mobnepal]

Actually exchanges like coinbase are just middle man, all buy/sell orders for bitcoin were placed by the users/traders.

Its not the users that caused the price to go down, its definitely the Exchange. Its impossible that more than half users dumped their bitcoin in the 5 min time frame.

From where you got that data, more than half users dumped in 5 min time frame 

If you are talking about some dramatic graph movement than its might be just a visual bug not a real trade. Exchanges are known for technical glitches that's why its not always safe to keep your coin in exchanges.

Coinbase is a registered entity so you can file a case against them if you like to and if you have enough evidence to prove your claims. 

[vickybitcoin]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

I think the exchange is also basing it's rate on how much is the generation of the entire market value. So i dont think this is fair to do. Everybody is suffering with the recent market value of cryptocurrencies and basically this is not caused by exchange or coinbase. I think they are also getting a fair share of punches on the recent condition of bitcoin in the market.

[DannyHamilton]

Its not the users that caused the price to go down,

Yes, it is.  That's how a market works.

its definitely the Exchange.

The exchange does not control the exchange rate.

Its impossible that more than half users dumped their bitcoin in the 5 min time frame.

I agree.  I don't know where you go that number, but Any report that you read that says "more than half users dumped their bitcoin in the 5 min time frame" is lying to you.  That's not how a market works.

[IsuruMaduranga]

Why??? Coinbase has  very good reputation and it is a one of the biggest exchange out there.

No exchange control the price of any coin. The price is depend on buyers and sellers. i.e supply and demand.
If you have no idea please read this article
https://www.cryptoground.com/guide/how-are-bitcoin-prices-determined

Volatility is the nature of Cryptocurrencies. If you couldn't understand it just don't buy Cryptos and you will be fine.

[bobo012]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

You can always try decentralized exchanges like forkdelta or idex if you don't like coinbase. But the price is volatile on them also.

[dothebeats]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

You do know that the price is dictated by users and not exchanges, right? If this is the case, no one would be using the said exchange due to them deliberately changing the prices at will, which there isn't any documented proof that this is really happening. Also, all they do is facilitate the trades happening, receive funds and let users withdraw funds.

Its not the users that caused the price to go down, its definitely the Exchange. Its impossible that more than half users dumped their bitcoin in the 5 min time frame.

Ahh, you clearly don't know what you're talking about. A 5-minute window is already long enough for users to react to a certain event in the market. Too much tinfoil on your hat, dude.

[candolbitcoin214]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

I think the exchange is also basing it's rate on how much is the generation of the entire market value. So i dont think this is fair to do. Everybody is suffering with the recent market value of cryptocurrencies and basically this is not caused by exchange or coinbase. I think they are also getting a fair share of punches on the recent condition of bitcoin in the market.

Yes, also think the same. The middle men are just dependent on the value of the market so we cant put all the blame on them we are all suffering. But im quite positive it will regain.

[FrueGreads]

Have people began to forget that Bitcoin/Cryptocurrency is free market where anyone can dump/pump with massive amount of money anytime they want?
If you want price stability, you should use fiat or make a petition where investor/holder can't do pump/dump in Bitcoin market

Also, without fees, those exchange will die since they need to make money to pay server, their worker ans satisfy investor with good income report (if they use investor method).

Well I understand what you are saying but I really hope that we all want price stability for the future. That will be an important achievement for bitcoin, if it wants to have a chance as a true currency. Volatility is amazing for trading, and traders and speculators are loving these markets right now. But if merchants, and anyone that wants to buy and sell things with bitcoin, and actually keep the coins without having to exchange them to fiat, then it's important for BTC to achieve stability.

As for exchanges with no fees, I think it's possible. You can actually trade with no fees on Gdax, if you are a market maker, and there are exchanges that do this for all kinds of trades in their platform (like robinhood for example).

[Caesar-Giulius]

When did the price decrease from $11,000 to $7,000?

I don’t think coinbase is able to control prices solely. Bitcoin price fluctuate due to supply and demand.

[northcoin2018]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

We can not pin point or blame no one it is just the movement of the market men. We are in a dip right now i understand we all are in the same boat. Let us stay positive. We can get through this in time.

[webchris]

Exchanges provide vital functions to the community. While they are in a great spot right now to capitalize on the demand, it's hard to blame them for price action.

[Conundrumwas]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

next time, try to do some more research rather than making yourself look like an ***. exchanges don't control prices, institutions/whales do.

[catok broek]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

if there is something we can do about that, no one needs stimulus from you. every one will do it anytime.
not the exchange, but can you convince some one to be not in panic sell ?? I'm sure you can't. panic sellers are the main contributors for downfall prices.

[kramchers]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

Owner of exchange is not the one to decide the price of bitcoin, there are huge numbers of people doing trades.
This buy and sell dictate the current price of bitcoin, if people get panic then we should expect the price to fall,
If people wanna have the coin and some are holding it, they will gain the price.

[boy130]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

They offer a service, we pay them a small commission... That is how business works, you don't get anything for free. Let's see you try and convert BTC into the hundreds of other cryptos without incurring some sort of loss. How do you expect a company to continue offering its service if it's not receiving any sort of remuneration for it? The fact that you actually said coinbase dropped the price just shows what a complete buffoon you are.

[strelko]

Lets all punish the Exchanges so they dont earn money from us. They make alot of money from us. I personally saw them roll down the price, within 5minutes price went down from $11600 to $7000. What do you guys suggest we do?

When have you notice this ? I do not think it reached $11600 for lastvseven days, you should be grateful that you have so many exchanges to choose from .