Author

Topic: Coinbase and Gdax down (Read 423 times)

legendary
Activity: 1526
Merit: 1179
November 30, 2017, 07:36:19 PM
#7
Just a theory but I could see big players wanting to down the 'retail' exchanges, big money doesn't want retail traffic interfering with thier big plays.
All sorts of speculation is going through the market right now. Some people even say that certain exchanges have a market limiter in place, that halts trading at the time there is too much volatility.

I rather stick to a surge in traffic as being the main reason. People see a massive dump happening, and based on that desperately look to buy the dump, or panic sell to prevent potential further losses.

Poloniex, Wex (formerly known as BTC-e), Bittrex, and a few related exchexchanges, have had this even with slight traffic increases, where they recently have performed rather stable, which is something unexpected.

In these cases you would expect the top Bitcoin exchanges to remain stable, but it's completely the opposite, lol.
newbie
Activity: 30
Merit: 0
November 30, 2017, 05:16:59 PM
#6
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newbie
Activity: 1
Merit: 0
November 29, 2017, 07:11:49 PM
#5
Just a theory but I could see big players wanting to down the 'retail' exchanges, big money doesn't want retail traffic interfering with thier big plays.
legendary
Activity: 1806
Merit: 1521
November 29, 2017, 06:57:38 PM
#4
Been trading on gdax for past 2 days, and today when bitcoin hit a really high price gdax and coinbase are DOWN
It says service unavailable, and gdax too, so i can't access any of them and don't know where the money is
Has this happened before?

It happens every time there is a high volatility selloff like today; they're known for it. GDAX is one of the most unreliable exchanges for trading volatility. Kraken is also among the worst.

Having said that, there was a concerted DDOS attack on exchanges that preceded this selloff. I believe these attacks are profitable because they cause panic selling into thin liquidity.

There is legal case against Coinabase opened https://twitter.com/Bitfinexed/status/935993029315440640

That case is the IRS going after Coinbase's customers. They claim that Coinbase is being used to evade taxes and went on a fishing expedition, asking for virtually all customer information. Their request was denied by the courts, but the revised request (limited to customers w/ $20,000 or more in activity in one year) has apparently been approved.
Pab
legendary
Activity: 1862
Merit: 1012
November 29, 2017, 06:41:16 PM
#3
There is legal case against Coinabase opened https://twitter.com/Bitfinexed/status/935993029315440640
member
Activity: 77
Merit: 10
November 29, 2017, 05:46:15 PM
#2
Kraken and Bitstamp were down too.
Now all are working.
Looks fishy.
newbie
Activity: 7
Merit: 0
November 29, 2017, 05:32:20 PM
#1
Hi
A newbie here, and i'm freaking out already...
Been trading on gdax for past 2 days, and today when bitcoin hit a really high price gdax and coinbase are DOWN
It says service unavailable, and gdax too, so i can't access any of them and don't know where the money is
Has this happened before?
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