Coinbase says buying and selling temporarily disabled amid price rout

Post by ryanSrich » Fri, Dec 22, 2017, 5:56 PM UTC

frgtpsswrdlame wrote: post #12

blhack wrote: post #3

There is something that feels extremely fishy to me about what has happened at coinbase over the last few days. For years I've told people to just store their coins on coinbase. I've been a big fan of their "vaults", and I've been saying that they are the shining beacon of legitimacy in this whole thing. I honestly don't know that I still agree with that. This whole rollout of BCH has made me honestly start questioni…

You think it's fishy and you have no way to know if something is going on behind the curtain at coinbase but you don't want regulation? Regulation is what lets you peek behind the curtain and know that Coinbase is or isn't doing something fishy.

Post by egypturnash » Fri, Dec 22, 2017, 6:00 PM UTC

Post by alexanat » Fri, Dec 22, 2017, 6:01 PM UTC

thinkmassive wrote: post #51

psyc wrote: post #30

I’m getting pretty tired of playing whack a mole with these wretched exchanges. I recently left the dumpster fire at Kraken, only to sign up at, yep, Coinbase. Oh well. On to Bitstamp or Gemini I suppose.

You might want to give Binance a try. No affiliation, it just came recommended to me from some successful traders I’ve met when the topic of reliable exchanges came up.

Post by osteele » Fri, Dec 22, 2017, 6:04 PM UTC

ceejayoz wrote: post #55

cmurf wrote: post #52

Earlier quoted context omitted.

It depends on the holdings, not everything you can have in a bank account is FDIC insured. Update: By "everything" I mean not all kinds of financial instruments are insured by the FDIC. They do not cover mutual funds, annuities, bonds, etc. They cover pretty much just cash and cash equivalents.

It's fairly trivial to make sure everything's FDIC insured, and being wealthy enough to care about the per-account caps should mean you've got someone to advise you on doing so.

Post by ellius » Fri, Dec 22, 2017, 6:06 PM UTC

slg wrote: post #56

frgtpsswrdlame wrote: post #12

Earlier quoted context omitted.

You think it's fishy and you have no way to know if something is going on behind the curtain at coinbase but you don't want regulation? Regulation is what lets you peek behind the curtain and know that Coinbase is or isn't doing something fishy.

I can't help find it funny as the libertarian cryptocurrency fans slowly realize why we have all these dang laws. There are plenty of financial regulations that could use updates or tweaks, but an overwhelming majority are put in place to protect people and try to ensure transactions are as fair as possible. Cryptocurrencies too often throw the baby out with the bathwater.