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Author Topic: What is Coinbase status as of today  (Read 590 times)
pipelight1
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November 27, 2013, 12:56:01 AM
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Yesterday people were discouraging their use since the transactions were slow. I see the site is still up and looks like there are no problems. Just wondering who the next trusted level is and how long will that last ? Doesn't that worry any of you guys ?

You buy today and XXX-coin has gone from holding 300K worth of coin to holding 22M worth. That person can now take all coin by faking a virus..

Also, everyone is forgetting, many of these sites got in early. They bought thuosands when they were dirt cheap. Now as the price moves up and lets say they finally sell all their original lot. How do they buy and sell to make money. If "they make a bad move" do you think they are going to eat it if they can pass the buck ? Or just cut and run ?

Or lets say xx--- coin is now out of their original coins. So they have none for sale. Are they only processing the buys ? Or are they playing the money. So they load up with 100 coins today at 900.00. But tomorrow it falls to 450.00 and you want to buy coins ? What then, he is not going to lose 50% just to satisfy customers.

I only ask because I want to hear opinions on it. This is what happens everyday with penny stocks behind the scenes. Someone always getting burned.
 
I can see the day it drops 50% and stays there for more than a day to be a hgue problem. That is when it is over. As long as it runs UP... Things are fine...
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Rez
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November 27, 2013, 01:02:16 AM
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I bought (and sold) very recently.  As in 2 and 4 days ago. No problems.

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snakebit
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November 27, 2013, 01:08:14 AM
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I bought last week and got my coins last night. So I have had no problems with them yet.
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November 27, 2013, 01:19:14 AM
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Coinbase is a US company and their team has proven skills backed by serious investors - though I have poked fun at them in the past.
gamer4156
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November 27, 2013, 01:32:22 AM
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Coinbase buys the coin the moment you hit purchase. It has ranged from 100-10$ over other exchanges. So they sell you a coin they bought for much less on other exchanges and still charge a fee.
TooDumbForBitcoin
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November 27, 2013, 01:34:23 AM
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Coinbase status of today is minus one dumb customer.  They didn't do the little "we deposit dust in your checking account and you tell us how much" verification dance.

Just as well, speaking epnomously.

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pipelight1
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November 27, 2013, 02:27:10 AM
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Coinbase status of today is minus one dumb customer.  They didn't do the little "we deposit dust in your checking account and you tell us how much" verification dance.

Just as well, speaking epnomously.

Now that it is moved no one will read it or answer it. Great Work !
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