coinbase ran out of btc

[rness024]

From their site:

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 Friday Nov 22, 2013 at 08:12AM PST after your funds have arrived. read more

[mvidetto]

This happened during the last bubble before the crash....  We might be reaching the end of it.

[biceptricep]

I got this this morning as well, a bit scary.

Demand must be soaring at this point because of the congressional talks today

[J3tt]

I've noticed a lot of talk recently about BTC. Had two professors ask me about it in the past week. Strange things...

[Gator-hex]

Demand must be soaring at this point because of the congressional talks today

What annoys me is everyone keeps referring to it as "anonymous currency" in that hearing, it's anything but that, everyone has a record of you transaction forever!

[tearfereon]

This happened during the last bubble before the crash....  We might be reaching the end of it.

I doubt, with increased demand it will be hard to crash the price now.

[Khep]

Was just about to insta-buy 10 more to sell on localbitcoins for $80 profit each..

[Hosting_Fools]

Has coinbase ever stated how they are able to "Run-Out of Coins"? It was my understanding they purchased the coins from a variety of exchanges.

[Morbid]

can you hear whales approching?

[buggrock]

Has anyone else had a bad experience with Coinbase.

This morning, I finally activated my account after it took nearly 1  week to receive my verification deposits from COINBASE (Instead of the 2-3days the advertise), and as I went to purchase  my first BTC, they are sold out now until Nov.22 (5 days)

Nearly 2 weeks TOTAL, before I will be able to purchase my first BTC, and at a higher price.

Why would you offer a service that you cannot provide in a timely manner or have any product to sell.

Any suggestions, this is highly upsetting and very discouraging

[xsrvx]

As someone else already mentioned, I experienced this during the last bubble/crash. Each time in this period when BTC went down to a decent buy level when I would go to buy I would get that message of exceeding their buy limits for the day etc..

It is hard to buy something you don't know what the value would be in 5 days. Other than that I have had a decent experience on Coinbase.

[exstasie]

So are you saying that this is a good time cashout some BTC?

[geraFoerra]

Has coinbase ever stated how they are able to "Run-Out of Coins"? It was my understanding they purchased the coins from a variety of exchanges.

Coinbase may be out of money at these exchanges 
It takes time for Coinbase to transfer the money from their bank account to exchange

[Hosting_Fools]

Has coinbase ever stated how they are able to "Run-Out of Coins"? It was my understanding they purchased the coins from a variety of exchanges.

Coinbase may be out of money at these exchanges 
It takes time for Coinbase to transfer the money from their bank account to exchange

I suppose it's possible they ran out of money, but i would think Coinbase would have agreements in place that use far more advanced money deposits in exchanges then us "peons" have access to.