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Author Topic: Coinbase down again during crash, is the exchange doing this on purpose?  (Read 573 times)
kryptqnick
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May 14, 2020, 10:41:20 AM
 #41

It's a perfectly good explanation that Coinbase is not being able to handle the number of transactions people are making during sudden price changes, and this triggers the outage events. Perhaps that's not it, and Coinbase is doing it on purpose, but I don't see why it would (if the price is going down, one might think they don't want to lose money people entrust them with, but if the price is going up, it just makes no sense). And we don't see the whole picture. Maybe making sure that the outages don't occur is too expensive or risky in some ways, so Coinbase chooses not to do anything.

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Reatim
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May 14, 2020, 11:37:41 AM
 #42

I am not an expert nor a Good in exchange operation but this same issue comes in our local exchange everytime the Market experienced Big changes.

Just like recently that they announced a maintenance in May 11 but since the market moves Up in May 9 they suddenly declared emergency maintenance.

This happens many times before specially when there is a Bullrun happening and very rare when Bearish comes ,i don't know whats happening but for me?there is something that they intentionally prevent people to trade in a certain period of time.

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MFahad
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May 14, 2020, 02:52:17 PM
 #43

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

After reading this news, i moved my coins from coin base to my personal wallet. I did not say that coinbase can scam but we should be careful. Although there are certain times where coin base goes down due to maintenance or outages but it always come back online. Just to be on the safe side, remove your extra funds from online exchanges.









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May 14, 2020, 04:12:14 PM
 #44

Here's a post from a Coinbase engineer about the outage - https://blog.coinbase.com/incident-post-mortem-april-29-and-may-9-2020-56494decab9f

It sounds like a system that wasn't used all that often did not do the job when called upon. Looks like they're going to fiddle and improve it.
Robust Crypto
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May 14, 2020, 04:13:48 PM
 #45

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

I think they don't want their servers crashed. Also, big influx of buyers/sellers just is more headache to them.
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November 24, 2020, 11:47:37 AM
 #46

Once again, Coinbase got down. This time it was caused by Ripple price growth.

First noticed it on twitter few hours ago. But now Coinbase seems to be working again. They must do something with their servers. Either update them or change their IT support team, because every time top altcoins and bitcoin start they fly to the moon, Coinbase servers crashes...

 
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November 24, 2020, 02:20:10 PM
 #47

Rather, they've been making a lot of mistakes lately. That's their main problem.

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