Bitstamp.net was also unavailable for a while. Weird coincidence.
Coinbase down for maintenance
31–40 of 252 posts
Re: Coinbase down for maintenance
#32I 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.
[deleted]
Re: Coinbase down for maintenance
#33I 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…
Tangent: it would be cool to have a browser extension that could notice that this data could be presented visually and offer to show you e.g. the scatter plot.
Re: Coinbase down for maintenance
#34Earlier quoted context omitted.
Not much. 1% of asset allocation for an institutional investor is enough for that. EDIT: You currently need $70m to bump the market above 20k on GDAX. That's a lot for retail investors but not much if institutional investors get involved.
In the grand scheme of things sure, but definitely a large influx as compared to the size of the market in Coinbase. We're talking probably low 2-digit millions to make big moves I think.
Yep, around $70m to get it above $20k.
Re: Coinbase down for maintenance
#35it's back up; but not working
Strange, the price data from coinbase never stopped working on tradingview.com. I wonder what was affecting the price changes when the order book was down?
The books are on https://www.gdax.com/, Coinbase's exchange intended for big trades. Coinbase is more of a consumer retail site. I assume the latter is what is going down, but it's hard to tell as they both seem fine at the moment.
Re: Coinbase down for maintenance
#36All of this is anecdotal: These past couple of days, whenever a coin soars a ridiculous amount, on any given exchange, that exchange seems to mysteriously go down. For example: Binance and Bitfinex were down for "maintenance" (or just plain down), while IOTA was experiencing a surge in price (from ~1.10 to 6$). Similarly this happens with Bitcoin today (it seems Quadriga had some issues and Coinbase; not sure about o…
> big money institutions are testing pump and dumps for when short contracts come into play
Big-money institutions won't do this. Random individuals taking advantage of the fact that lots of value rides on relatively little volume? Much more likely. Combined with the fact that the exchanges, intentionally or unintentionally, lock liquidity when volatility spikes and it's 1907 all over again.
Re: Coinbase down for maintenance
#37Now what would happen if Coinbase went down at a time when Bitcoin was going through a short period of decreasing value?
This is exactly my question. What happens when these exchanges face the inevitable panic/bank run?
Re: Coinbase down for maintenance
#38All 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$). Similarly this happens with Bitcoin today (it seems Quadriga had some issues and Coinbase; not sure about o…
On the 10th bitcoin will be listed on the chicaco exchange. This is the reason for the price swing lately.
Re: Coinbase down for maintenance
#39All of this is anecdotal: These past couple of days, whenever a coin soars a ridiculous amount, on any given exchange, that exchange seems to mysteriously go down. For example: Binance and Bitfinex were down for "maintenance" (or just plain down), while IOTA was experiencing a surge in price (from ~1.10 to 6$). 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.
Tinfoil hat off!
Shouldn't an exchange be able to handle volume? Seems like a basic requirement.
Regardless, I still believe that with the introduction of shorts, were going to see bigger swings.
Re: Coinbase down for maintenance
#40I 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…
While I agree with you that the amount of users probably raised a lot to the point were servers are stressed out, there's something slightly off with the data you present: the latest entries are actually smaller percentage moves.
Here is the same data with (approximated) percentage moves:
$0000 - $1000: 1789 days
+100% ($2000): 1271 days
+50% ($3000): 23 days
+33% ($4000): 62 days
+25% ($5000): 61 days
+20% ($6000): 8 days
+16% ($7000): 13 days
+14% ($8000): 14 days
+12.5% ($9000): 9 days
+11% ($10000): 2 days
+10% ($11000): 1 day
+9% ($12000): 6 days
+8% ($13000): 17 hours
+7.5% ($14000): 4 hours
+7% ($15000): 10 hours
+6.5% ($16000): 5 hours
+6.25% ($17000): 2 hours
+5.8% ($18000): 10 minutes
+5.5% ($19000): 3 minutes
Anyway, it's more the volume that is of importance here than the price when it happens.