Earlier quoted context omitted.
And there was no abuse for financial gain and everyone lived happily ever after
bahahaha please write my children's bedtime stories
First book: "The cat in the hat loses his hat" a story of crypto currency
Buy, sell, send and receive Bitcoin Cash on Coinbase
141–150 of 304 posts
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#142Earlier quoted context omitted.
Exactly the first thought that came to my mind. BCH up 30%. I wonder how many Coinbase employees bought BCH throughout this past month. Also. it's easily predictable that introducing a new currency will temporarily affect the other currencies negatively. Very gray area.
Thought experiment: Just say Citibank adds the Mexican pesos to their products, USA & international, side by side to all their USD products. If citibank bought pesos before the announcement, would they be engaging in insider trading? (Pesos are just for illustrative purposes, replace with your local currency) If so, would every bank need to halt trading in a currency before adding it?
Your thought experiment is flawed at many levels. To look at only one aspect - the question is not on the company (bank) but on people.
The answer is Yes.
Banks will ban it's employees from buying those pesos because of something called "conflict of interest". It wouldn't matter if the price jumps or not. In fact, a conflict of interest can exist even if there are no improper acts as a result of it.
There are no laws against it for cryptocurrencies, yet. But, if something like this happened, it is unfair to Coinbase's customer.
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#143I've had the worst customer support experience with coinbase. I'd advise not using their service. They aren't equipped to support their customers. I'm out of pocket $1000 and have been in a "queue" for the last couple of months.
Same
Unfortunately if you want timely support from cb you have to behave kind of unsavory.
Look up their higher level staff on LinkedIn, then email them. You can also do some creative Google searches to find their personal email and contact them there.
Contact them and they will transfer you to priority people who can actually do stuff.
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#144Insider crypto trading is a giant issue and it's extremely fucked up.
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#145Earlier quoted context omitted.
"In all honesty, I don't know what is going on at Coinbase. It looks like a circus and I suspect its days are numbered." You must be joking. Coinbase is probably on track to be the most valuable company YC has ever invested in hands down. Their user growth is insane [0] at 2 million+ per month and a growth rate that appears to be doubling every month. They recently announced they had more users trading on their platf…
I'm sure the principals of Mt. Gox felt the same way. At least before it got hacked. All it takes is one slip-up.
Mtgox was done in by a pattern of criminal stupidity spanning years not some one off black swan event. Coinbase in contrast is a gold standard of professionalism.
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#146it's hilarious how many suckers will get drawn to this scam over and over..... 1.) omg this cryptocurrency is so transactional/rare 2.) nope. this isn't transactional at all! it costs me $350 to send $350! 3.) nope. it's not rare, coinbase just added ANOTHER transactional/rare crytocurrency! 4.) time to lose 80% on another cryotocurrency!
sorry to hear you had this experience.
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#147Insider crypto trading is a giant issue and it's extremely fucked up.
FYI: «Coinbase maintains a strict trading policy and internal guidelines for employees. Coinbase employees have been prohibited from trading in Bitcoin Cash for several weeks.»
https://mobile.twitter.com/coinbase/status/94329039141917491...
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#148I wonder how much money Coinbase employees, friends and family made by insider trading on this announcement. Gotta love unregulated markets!
I have generally mixed feelings about insider trading, because in the end, people making decisions on best information looks like economically profitable for the system. That said, Coinbase did more than insider trading today, they deliberately hid their BCash announcement to perform insider trading. That is straight down fraud to me. They provoked the insider trading situation.
What evidence do you have they performed insider trading? There is none. You are just speculating.
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#149Earlier quoted context omitted.
Thought experiment: Just say Citibank adds the Mexican pesos to their products, USA & international, side by side to all their USD products. If citibank bought pesos before the announcement, would they be engaging in insider trading? (Pesos are just for illustrative purposes, replace with your local currency) If so, would every bank need to halt trading in a currency before adding it?
Your thought experiment is flawed at many levels. To look at only one aspect - the question is not on the company (bank) but on people. The answer is Yes. Banks will ban it's employees from buying those pesos because of something called "conflict of interest". It wouldn't matter if the price jumps or not. In fact, a conflict of interest can exist even if there are no improper acts as a result of it. There are no laws…
[deleted]
Re: Buy, sell, send and receive Bitcoin Cash on Coinbase
#150Earlier quoted context omitted.
I think it would be pretty cool to see Coinbase employees go to prison for insider trading. Not out of any sort of vengeance, I just think it would be a huge paradigm shift in cryptoland. Continuing saga between regulation and pure greed/manipulation of cryptos. I assume most country's (especially the US's) federal regulations are way too slow to verify this is in fact true illegal insider trading though?
I don't really know if any Coinbase employees really committed insider trading - I'm just speculating based on the fact that the price of BCH appeared to rise significantly before the public announcement. Its also unclear what internal firm policies that Coinbase has in place to prevent insider trading, see my reply to hisabness for more on that and an explanation (note: IANAL) of how regulation could be applied.
The price went up before the announcement because the whole world has known BCH trading was extremely likely and imminent for 2 days: https://www.reddit.com/r/btc/comments/7kfzbi/attn_bitcoin_ca...