Coinbase is down. An example of market control & "holiday"?
Is it just me or is Coinbase down for everyone?
Could it be because Bitcoin is tanking and everyone is rushing to sell? I was going to buy personally.
Could this be the start of "market control" just like the banks?
I am new to this and am very disappointed that this would happen during a minor correction.
What do you guys think??
Banks don't control the market. They have enough money to manipulate the market. The large drop was probably caused by a dip in bitcoin that happened last night because of the new of a posable split. Then panic set in as people tried to sell causing supply to increase and demand to decrease, causing the price to fall even further. The website is down for me, but the app is working.
Thanks for explaining this Spike. You're right. They manipulate markets. I'll try to buy on the app.
The App is down too.
I have read on reddit/4chan/steemit that many people notice coinbase to be 'in maintenance' during times the market drops. Might be safer to switch to a different exchange, like Kraken, who doesn't pull off these tricks constantly.
Thank you for sharing Tim. It honestly is no different than banks taking a "holiday" when people rush to transfer their money out. I will be looking to move away today. Not happy at all.
In addition, don't forget they actually can just pull the plug on their entire company and walk away... The founder recently left to join the Litecoin team. I just don't trust coinbase anymore, they should be trusteable especially during the 'harder' times, and there are enough other exchanges anyway.