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Litecoin and Ethereum buys and sells are temporarily disabled

status.coinbase.com

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Re: Litecoin and Ethereum buys and sells are temporarily disabled

#121

Post by stryk »

yoodenvranx wrote: post #92
wott wrote: post #75

Earlier quoted context omitted.

I should start a business selling thin air. Thin air from France, thin air from Japan, thin air from Mexico, and so on, you can collect them all, it is super fun. Then I could introduce cold captured thin air, warm captured thin air, etc. Wet thin air, dry thin air for year 3. More fun every year. Even better, I should sell just a paper (well, an electronic one) stating you own some thin air. Hey, geeks, how cool can…

> Thin air from France, thin air from Japan That reminds me of "Perri-Air" from the movie Spaceballs: https://www.youtube.com/watch?v=gzbIrb7LUJA

At times I feel a lot like Prince Valium when reading about all the crypto-currency hubbub.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#123

Post by dclowd9901 »

xutopia wrote: post #110
_m8fo wrote: post #11

Can someone familiar explain why cryptocurrencies aren't a bubble? They both seem to exhibit similar characteristics. Clearly, are shown by the site here, these aren't nearly as liquid as fiat currencies, nor are they really used to purchase anything. So... What is it? EDIT: upon thinking about it, MLM wasn't the term I meant.

Today I went to one bank to transfer 60k from one account to an account in a different bank. I paid 7.50$ to get a certified check from Bank A. Went to the Bank B near my house to deposit it there. Unfortunately the branch near my house isn't where my account is. They tried faxing a photocopy of my certified check to the other branch but the line was busy. They're going to continue trying until 3pm today when they cl…

This is not a problem most people have.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#124

Post by ihattendorf »

s0rce wrote: post #93
scurvy wrote: post #70

Earlier quoted context omitted.

Can't they just click the auto scale button in AWS? Isn't that the entire point of cloud services?

Probably not a infrastructure capacity issue but a limited amount of cryptocurrency in a hot wallet for transactions.

If that were the case it would be withdrawals that were temporarily disabled. There aren't any on-chain transactions made when you buy/sell on Coinbase, only when you deposit/withdraw.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#125

Post by 8611m »

jliptzin wrote: post #5

What is causing the sudden rise in litecoin?

Retail investors having little to no knowledge of Crypto, let alone having any position around Litecoin. A friend of friend invested around $15K in LiteCoin on purely speculation. This is not even in the US.

I have been asked my a few friends and family members about investing similar amounts in Crypto, not knowing much about it.

People want piece of the action. The return period is small, LiteCoin up 90% just in the last 24 hrs, up 10000% in the last year. These are bonkers results if you just want to play the market and cash out.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#126

Post by matte_black »

brentm wrote: post #114
matte_black wrote: post #81

Earlier quoted context omitted.

I disagree. Buying can be 100% rational as long as you believe some other fool down the line will buy it off you. As soon as the supply of irrational buyers dries up it’s game over. But that doesn’t look like it will happen anytime soon, just look around!

It is as rational as playing roulette. Most of people buying at this point probably can't articulate what they are buying, just that it's probably going to be be worth more money soon. I had to sell my BTC on Sunday, I am waiting to get back in when the exuberance flips around and everyone says it's dead.

As a rational actor, buying Bitcoin right now is basically buying a bet that people will continue to be irrational long enough for me to make a good profit and get out. I don’t know how much faith you have in the market, but I predict the irrationality will continue until at least the stock market crashes and causes people to take a cold hard look at just what exactly it is they are doing. By the time people wake up, every rational actor better hope they’ve made their exit by then.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#127

Post by sidlls »

kss238 wrote: post #108
sidlls wrote: post #22

Earlier quoted context omitted.

Yes, and I've cashed out handsomely as a result of being lucky enough to predict exactly this. For clarification: I bought some $1000s worth of LTC when it was under $100 shortly after the Futures news hit. It was pure gamble on my part and I could have easily lost instead of the other way around. I also bought a few ETH coins when it was around $400 but haven't cashed those out yet. I'm predicting my LTC gains will…

Eth is at $630 right now, so unless I'm misunderstanding something, you'll have made money.

Can't sell it because not all my coins are in my account yet, and no guarantee there won't be a rush to sell due to instability.

Re: Litecoin and Ethereum buys and sells are temporarily disabled

#130

Post by sidlls »

kombucha2 wrote: post #98
sidlls wrote: post #44

Earlier quoted context omitted.

Well, ridiculous in the sense that the whole phenomenon is absurd or relatively to what some people earn in a year, sure. But I only made about 2.5x my wager, which wasn't much (less than $10000, more than $1000). Also, as noted, much of a LTC gains could easily be eaten up by ETH losses. BTC is too expensive for my gambling taste.

I locked in gains with LTC a few weeks ago like a rube thinking there was going to be a correction :( Locked in some good gains but missed on 70 thou plus USD....sigh...gotta keep trying though right?

That isn't the way to look at it. Suppose LTC breaks $1000, or even $500. I'll have "missed out" on a lot. But I locked in gains, so I'm net ahead. Timing gambling like this is a fool's errand, in my view.
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