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Coinbase is down

coinbase.com

1–10 of 18 posts

Re: Coinbase is down

#5

and BTC is dropping...

It makes me wonder: is there a way for investors (perhaps only the ones with millions who work with Coinbase or other platforms directly) to automatically slowly buy up Bitcoin et al, so they could manage for a slow increase in value?

In reverse, it seems like a common practice to not dump/sell a large amount of a crypto-asset all at once either, as then so far historically it always crashes because there's not enough being pumped into it.

Re: Coinbase is down

#6
post #5

and BTC is dropping...

It makes me wonder: is there a way for investors (perhaps only the ones with millions who work with Coinbase or other platforms directly) to automatically slowly buy up Bitcoin et al, so they could manage for a slow increase in value? In reverse, it seems like a common practice to not dump/sell a large amount of a crypto-asset all at once either, as then so far historically it always crashes because there's not enoug…

Yes! In fact, Coinbase has a feature that lets you do just that.

Re: Coinbase is down

#7
post #6
post #5

Earlier quoted context omitted.

It makes me wonder: is there a way for investors (perhaps only the ones with millions who work with Coinbase or other platforms directly) to automatically slowly buy up Bitcoin et al, so they could manage for a slow increase in value? In reverse, it seems like a common practice to not dump/sell a large amount of a crypto-asset all at once either, as then so far historically it always crashes because there's not enoug…

Yes! In fact, Coinbase has a feature that lets you do just that.

This more and more looks like a Ponzi-like scheme that's simply decentralized and global, and where different investors are incrementally supporting each other and the current price just by slowly buying - and no one liquidating too quickly.

Imagine an actual Ponzi scheme, where if the stock broker was able to find and manage/facilitate millions of people around the world to slowly buy and sell ... the stock broker in this case is the Bitcoin blockchain itself.

Re: Coinbase is down

#9
post #7
post #6

Earlier quoted context omitted.

Yes! In fact, Coinbase has a feature that lets you do just that.

This more and more looks like a Ponzi-like scheme that's simply decentralized and global, and where different investors are incrementally supporting each other and the current price just by slowly buying - and no one liquidating too quickly. Imagine an actual Ponzi scheme, where if the stock broker was able to find and manage/facilitate millions of people around the world to slowly buy and sell ... the stock broker i…

No opinion on bitcoin per se, but how is this different from putting more and more money into a 401k automatically?
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