Coinbase down for maintenance • Hacker News Board

Re: Coinbase down for maintenance

#11

Post by nostromo » Thu, Dec 07, 2017, 5:40 PM UTC

sk2code wrote: post #7

I never want to reuse my comments from other thread but this time I just can't resist. No one really anticipated what we all are currently experiencing and Coinbase is not different. It seems Coinbase struggling to cope up: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9…

Can you describe what this data is you're sharing? As is it's not clear what phenomenon you're describing.

Re: Coinbase down for maintenance

#12

Post by scarmig » Thu, Dec 07, 2017, 5:40 PM UTC

What's the likelihood here that someone is in the middle of running off into the sunset with a giant ɃɃɃ bag?

Re: Coinbase down for maintenance

#13

Post by bonestamp2 » Thu, Dec 07, 2017, 5:41 PM UTC

benmarten wrote: post #2

it's back up; but not working

Strange, the price data from coinbase never stopped working on tradingview.com. I wonder what was affecting the price changes when the order book was down?

Re: Coinbase down for maintenance

#14

Post by spelunker » Thu, Dec 07, 2017, 5:43 PM UTC

Snackchez wrote: post #8

All of this is anecdotal: These past couple of days, whenever a coin soars a ridiculous amount, on any given exchange, that exchange seems to mysteriously go down. For example: Binance and Bitfinex were down for "maintenance" (or just plain down), while IOTA was experiencing a surge in price (from ~1.10 to 6$). Similarly this happens with Bitcoin today (it seems Quadriga had some issues and Coinbase; not sure about o…

I think you can take off your tinfoil hat. Lots of price movement motivates more traffic to the exchanges, resulting in DDoS.

As the bitcoin market grows GDAX, Bitfinex, etc are probably going to have to borrow some ideas/talent from NASDAQ & other big electronic exchanges to stabilize things.

Re: Coinbase down for maintenance

#15

Post by boombip » Thu, Dec 07, 2017, 5:44 PM UTC

nostromo wrote: post #11

sk2code wrote: post #7

I never want to reuse my comments from other thread but this time I just can't resist. No one really anticipated what we all are currently experiencing and Coinbase is not different. It seems Coinbase struggling to cope up: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9…

Can you describe what this data is you're sharing? As is it's not clear what phenomenon you're describing.

I think its the amount of time taken for the price of Bitcoin to rise from the first amount to the second.

Re: Coinbase down for maintenance

#16

Post by [deleted] » Thu, Dec 07, 2017, 5:44 PM UTC

[deleted]

Re: Coinbase down for maintenance

#17

Post by hnarn » Thu, Dec 07, 2017, 5:44 PM UTC

scarmig wrote: post #12

What's the likelihood here that someone is in the middle of running off into the sunset with a giant ɃɃɃ bag?

As always with Bitcoin, I'd say 50/50.

Re: Coinbase down for maintenance

#18

Post by swarnie_ » Thu, Dec 07, 2017, 5:44 PM UTC

Snackchez wrote: post #9

sk2code wrote: post #7

I never want to reuse my comments from other thread but this time I just can't resist. No one really anticipated what we all are currently experiencing and Coinbase is not different. It seems Coinbase struggling to cope up: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9…

How much money needed to come into the bitcoin market for it bump from 15k to 19k? Where is this money coming from??

New money is coming in that's for sure. But a limited resource and a lack of sellers will also push the price.

Re: Coinbase down for maintenance

#19

Post by dnautics » Thu, Dec 07, 2017, 5:46 PM UTC

Snackchez wrote: post #9

sk2code wrote: post #7

I never want to reuse my comments from other thread but this time I just can't resist. No one really anticipated what we all are currently experiencing and Coinbase is not different. It seems Coinbase struggling to cope up: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9…

How much money needed to come into the bitcoin market for it bump from 15k to 19k? Where is this money coming from??

Technically, not much. Let's say people stopped trading except for two people that made a series of trades of .0000001 btc at $100k, then the price would be $100k.

Re: Coinbase down for maintenance

#20

Post by AndrewBissell » Thu, Dec 07, 2017, 5:46 PM UTC

sk2code wrote: post #7

I never want to reuse my comments from other thread but this time I just can't resist. No one really anticipated what we all are currently experiencing and Coinbase is not different. It seems Coinbase struggling to cope up: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9…

It would make more sense to put this on a logarithmic scale. The move from $18000-$19000 is nowhere near as meaningful as the move from $0 to $1000.

Also, the move to $19,000 seems to have been some kind of liquidity issue on GDAX, the price did not get that high on other exchanges.