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Coinbase Custody Is Officially Open for Business

blog.coinbase.com

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Re: Coinbase Custody Is Officially Open for Business

#31

Post by mjcl »

infogulch wrote: post #26
21 wrote: post #23

Earlier quoted context omitted.

Stole has a particular legal definition. Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market. You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)

Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very unhappy people if they partially closed a market (e.g. only allowed buying, not selling) or they closed a particular stock at their whim. I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of th…

Trading is ‘closed’ (aka halted) for individual securities relatively frequently in the US. See https://en.m.wikipedia.org/wiki/Trading_halt

Re: Coinbase Custody Is Officially Open for Business

#32

Post by erik_seaberg »

infogulch wrote: post #26
21 wrote: post #23

Earlier quoted context omitted.

Stole has a particular legal definition. Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market. You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)

Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very unhappy people if they partially closed a market (e.g. only allowed buying, not selling) or they closed a particular stock at their whim. I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of th…

> I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.—Warren Buffett

Re: Coinbase Custody Is Officially Open for Business

#34

Post by cdiddy2 »

infogulch wrote: post #26
21 wrote: post #23

Earlier quoted context omitted.

Stole has a particular legal definition. Assets being stopped for trading occurs in all markets, including in the highly regarded US stock market. You wanted to participate in a pump and dump, and now you are angry that you couldn't do the dump. You thought it was easy money, well, now you know one aspect that you didn't consider (that selling might be suspended)

Either the market is open or closed, and when that changes is a very well-known schedule (for the most part). Even the US stock market would run into some very unhappy people if they partially closed a market (e.g. only allowed buying, not selling) or they closed a particular stock at their whim. I'm not saying this wasn't risky or dumb, I'm just saying the US stock market is a poor counter-example because both of th…

> or they closed a particular stock at their whim

This happens all the time, a ticker will get halted for a time and no one can trade them even though the market is open.

http://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts

Re: Coinbase Custody Is Officially Open for Business

#35

Post by hapnin »

robertAngst wrote: post #12
wmf wrote: post #8

Earlier quoted context omitted.

I think of Coinbase as "cryptocurrency for people who don't believe in cryptocurrency" so it's not surprising from that perspective.

Please. Coinbase has kept my bitcoin safe since 2011. They also have free payments to friends with their email + shift card. Yes their customer service sucks, but they have provided tens of thousands of dollars in value to me.

I've been holding btc in paper wallets since 2011. They're easy, free and no one has access to my btc but me.

Re: Coinbase Custody Is Officially Open for Business

#36

Post by sincerely »

cbase22 wrote: post #16

Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…

>They say

Sounds reliable

Re: Coinbase Custody Is Officially Open for Business

#37

Post by where_do_i_live »

cbase22 wrote: post #16

Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…

You are full of it.

> They only allowed people to sell it on their market again, about 24 hours later, after the coin went down to $1,000.

This is completely false, and a lie since you say you were trading it at the time. BCH was trading between $3200 - $4300 when it reopened later the next day.

Not only do you not understand what the verb steal means, you give false information as to how the BCH market traded. You also don't seem to understand that for every buyer there is also a seller. Further, you provide no evidence of your claims of insider trading. I for example, "knew", that BCH was highly likely coming to the exchange based on public information that was already available. BCH API entries were added to coinbase/gdax DAYS before it was open for trading. That you conflate people that were paying attention for clues to the same as people of being guilty of insider trading is sour grapes.

What lesson did I learn from your post? That some people are liars and look to cast blames on others for their own decisions.

Why in the world would an expert trader like yourself place an order for something that was over $1000 higher on GDAX compared to other exchanges? Why because you thought you could scalp it and sell it for more to someone else. You played a very dangerous speculative game and lost - I hope the tuition payment you spent will be taken to heart.

Re: Coinbase Custody Is Officially Open for Business

#38

Post by robertAngst »

hapnin wrote: post #35
robertAngst wrote: post #12

Earlier quoted context omitted.

Please. Coinbase has kept my bitcoin safe since 2011. They also have free payments to friends with their email + shift card. Yes their customer service sucks, but they have provided tens of thousands of dollars in value to me.

I've been holding btc in paper wallets since 2011. They're easy, free and no one has access to my btc but me.

I like my 2fa, hope your house doesnt burn down.

Re: Coinbase Custody Is Officially Open for Business

#39

Post by robertAngst »

cbase22 wrote: post #16

Coinbase stole $30,000 from me and won't return it. They listed a new coin (bitcoin cash) without prior announcement. I bought $30,000 worth at $5000 each. It went from $500 to $9000 in a matter of minutes. However, while allowing people to buy the coin at very high prices, they also froze everyone's ability to sell the coin. They only allowed people to sell it on their market again, about 24 hours later, after the c…

You bought shitcoin cash.

This is your fault you idiot.

Its literally fake bitcoin.

Re: Coinbase Custody Is Officially Open for Business

#40

Post by hapnin »

robertAngst wrote: post #38
hapnin wrote: post #35

Earlier quoted context omitted.

I've been holding btc in paper wallets since 2011. They're easy, free and no one has access to my btc but me.

I like my 2fa, hope your house doesnt burn down.

Fireproof boxes.

I hope Coinbase gives you your btc when the run starts next year or two.

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