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Topic: CCCB: Coinbase is close to Bankruptcy - page 2. (Read 3356 times)

sr. member
Activity: 406
Merit: 250
Well  they do have to respond even to trolls. In my world the best way to stop a troll is by providing solid proof how healthy the company is.
This should be easy to do right?

P.S. No I don't believe coinbase is closed to bankruptcy.
legendary
Activity: 1218
Merit: 1006
I don't think they are close to bankruptcy but they have lots of problem recently with their bank withdrawl like i have seen several post and also one today where a guy claimed he lost 10k $ on selling bitcoin in coinbase and support not replying. How they can be so careless with such a large sum of transactions.
member
Activity: 98
Merit: 10
Rebranding wont protect them from bankrupty only chapter 11 can do that
Can you help us out here? What is chapter 11?
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
Been seeing enough reports recently to suggest they are in major

trouble,
can you tell me more specific reason?becuase currently i use coinbase and its going normal,i sent bitcoin to my other wallet a minutes ago,sent very fast and low fees,hard to believe if this really happen.

Sounds like an orchestrated campaign from people who got caught by Coinbase's risk/fraud management procedures and are sore.  

They have venture capital behind them, and they have insurance. The whole point of insurance is to protect you from bankruptcy - you pay your premium to transfer the risk to the insurer. Of all the exchanges out there they are the least likely to go bust because of that.
legendary
Activity: 1946
Merit: 1137
Been seeing enough reports recently to suggest they are in major

trouble,
can you tell me more specific reason?becuase currently i use coinbase and its going normal,i sent bitcoin to my other wallet a minutes ago,sent very fast and low fees,hard to believe if this really happen.

this whole topic looks like false information and FUD and i can't quite figure out what is the motif behind it!

but also you shouldn't keep your bitcoin at coinbase in the first place, because of one big reason: you don't have access to the private keys.
legendary
Activity: 1358
Merit: 1000
When do people at the top of huge companies post on internet forums to deny rumours Cheesy

I smell desperation or at least some truth to the rumours, why the hell would you bother posting on here.



your the desperation, your ponzi is unravelling, I've been seeing reports

of pending withdrawals, the same signature pattern appearing of all the

other collapse exchanges, nobody wants to rock the boat and make

a bank run so as usual ponzi shill team arrives and the process draws

out for months and years as every last Crypto is suckered off the customers
hero member
Activity: 602
Merit: 500
Been seeing enough reports recently to suggest they are in major

trouble,
can you tell me more specific reason?becuase currently i use coinbase and its going normal,i sent bitcoin to my other wallet a minutes ago,sent very fast and low fees,hard to believe if this really happen.
legendary
Activity: 1596
Merit: 1026
Stop trying to spread your FUD around without any tangible proof. You said that based on the current report, Coinbase is close to bankruptcy. But what report are you talking about? A person above me has already asked you that question and you simply ignored that completely and come out and posted a random link to the insurance policy of Coinbase.

...

I Googled for reports that Coinbase ...
By the time websites publish details and Google indexes those sites - it is too late.  The door will be closed on that day.  I'll post here again in two or three weeks when all you guys are crying about not being able to get your money out.  Hahahaha.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
When do people at the top of huge companies post on internet forums to deny rumours Cheesy

I smell desperation or at least some truth to the rumours, why the hell would you bother posting on here.

member
Activity: 72
Merit: 10
Stop trying to spread your FUD around without any tangible proof. You said that based on the current report, Coinbase is close to bankruptcy. But what report are you talking about? A person above me has already asked you that question and you simply ignored that completely and come out and posted a random link to the insurance policy of Coinbase.

...

I Googled for reports that Coinbase is in trouble and found nothing apart from a few reddit threads. Unless the OP posts links to major Bitcoin news sites stating Coinbase is close to bankruptcy I won't believe it. As the OP already ignored some requests to post links I don't think there are any. The best he could manage is a link to a reddit thread.
legendary
Activity: 978
Merit: 1001
legendary
Activity: 1358
Merit: 1000
Please stop spreading lies. Coinbase is very healthy and we have a long runway.

Charlie Lee
Director of Engineering @ Coinbase

its up to your insurer to decide that now

public opinion is growing that ur funds have run out

Our insurer decides nothing. I don't think you understand how our insurance works.

Luckily public opinion can't change a lie to be the truth. Otherwise, we would be in trouble!

Sadly, people will just keep posting FUD.



ur  a commercial company so start acting like one

at the moment your floundering and it's becoming obvious

with employees pitching in off the record, get your CEO to

make a statement (or media spokesperson etc)

legendary
Activity: 1596
Merit: 1026
What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.
Can you say 'burn rate'?  $75M is nothing the way these guys were operating a year or two ago.  They've been spending money out their ass with a huge staff of people doing a bunch of bullshit.  The hype will really get to you.  I believe the reports.  Get your money out of Coinbase now - don't wait around until another Gox thing happens.  If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

I`m happy that i deleted my coinbase account and got all my bits. Grin

Coinbase was a major player in the bitcoin market.

Will this affect the bitcoin price?
It shouldn't affect the price when they shut down because there are many other exchanges.  Although, we have to wait to see.  Coinbase was pretty big in the US
hero member
Activity: 3164
Merit: 937
What reports? Coinbase has a lot of venture capital behind them - They raised $75 million in 2015.
Can you say 'burn rate'?  $75M is nothing the way these guys were operating a year or two ago.  They've been spending money out their ass with a huge staff of people doing a bunch of bullshit.  The hype will really get to you.  I believe the reports.  Get your money out of Coinbase now - don't wait around until another Gox thing happens.  If you do, it is your own damn fault and nobody around here is going to listen to your fucking crying.

I`m happy that i deleted my coinbase account and got all my bits. Grin

Coinbase was a major player in the bitcoin market.

Will this affect the bitcoin price?
legendary
Activity: 1596
Merit: 1026
This is the second thread I have read this morning saying Coinbase is in trouble without posting anything to suggest this, if there were some tangible evidence you should post it with the opening statement otherwise this thread is just speculation.

Their rebranding could be just to keep up with the developing crypto world and not be left behind, either way without seeing anything to suggest otherwise I think Coinbase is good for now.
Yeah, but you can keep thinking that with your money out of their system.  Get your money out now or get Goxxed.  Those are facts.  You don't need proof of the story to understand that you can't lose money if you don't leave it in their system.
legendary
Activity: 1848
Merit: 1000
This is the second thread I have read this morning saying Coinbase is in trouble without posting anything to suggest this, if there were some tangible evidence you should post it with the opening statement otherwise this thread is just speculation.

Their rebranding could be just to keep up with the developing crypto world and not be left behind, either way without seeing anything to suggest otherwise I think Coinbase is good for now.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
Please stop spreading lies. Coinbase is very healthy and we have a long runway.

Charlie Lee
Director of Engineering @ Coinbase

its up to your insurer to decide that now

public opinion is growing that ur funds have run out

Our insurer decides nothing. I don't think you understand how our insurance works.

Luckily public opinion can't change a lie to be the truth. Otherwise, we would be in trouble!

Sadly, people will just keep posting FUD.
sr. member
Activity: 294
Merit: 250
Stop trying to spread your FUD around without any tangible proof. You said that based on the current report, Coinbase is close to bankruptcy. But what report are you talking about? A person above me has already asked you that question and you simply ignored that completely and come out and posted a random link to the insurance policy of Coinbase.

I would say that Coinbase is very trustworthy, way more trustworthy than all the other exchanges because they comply to laws and is a registered company. People who trust an unregulated exchange over coinbase is just dumb.
legendary
Activity: 1358
Merit: 1000
https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

says employee theft is covered here Smiley


Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).

now to find out who the insurer is and send them an email (anyone waiting funds)
legendary
Activity: 1596
Merit: 1026
Please stop spreading lies. Coinbase is very healthy and we have a long runway.

Charlie Lee
Director of Engineering @ Coinbase
Directors always deny it vigorously up until the big announcement in the press.  They have to.  Otherwise, there would be a run on the bank.  Only the fools are left hanging around.  Being so quick to deny it by a senior staffer makes me believe this is real. 
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