Coinbase down again during crash, is the exchange doing this on purpose? - page 3.

Astargath

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Quote from: gentlemand on May 10, 2020, 07:21:59 AM

Coinbase Pro has gradually grown to lead the price action at times. That's going to put a strain on any company's operations. Bitfinex has been the leader in the past and they had the same crapping out in intense moments too.

An exchange going down at peak moments loses them plenty of money in fees. I can't see them doing it on purpose and there have been more lucrative and pivotal times to do it on purpose if that was some sort of policy.

Well, they might be losing money in fees but if they are involved in some sort of scheme to buy/sell before anyone else, I'm sure they would make a lot more money. If it's not on purpose, then it's a shit exchange that hasn't been able to solve this issue in 3+ years.

gentlemand

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Coinbase Pro has gradually grown to lead the price action at times. That's going to put a strain on any company's operations. Bitfinex has been the leader in the past and they had the same crapping out in intense moments too.

An exchange going down at peak moments loses them plenty of money in fees. I can't see them doing it on purpose and there have been more lucrative and pivotal times to do it on purpose if that was some sort of policy.

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Theoretically possible for whatever agenda, but I don't think it is. In my opinion, intentional outages for whatever agenda is a lot more likely to happen when talking about leverage trading exchanges like BitMEX as outages can wreck out people's shorts/longs when huge price movements occur. Why would they do it? Idunno.

Astargath

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Quote from: davis196 on May 10, 2020, 06:27:57 AM

Quote from: Astargath on May 10, 2020, 06:17:35 AM

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

Right now Coinbase is live and running.I don't think that they've done this on purpose.
Perhaps there were too many orders on the exchange that caused the platform to crash,I'm not an expert.
Companies like Coinbase usually have more benefits from a bull situation on the crypto markets-more newbies buying Bitcoins,more revenue from fees.It doesn't make sense for them to cause a Bitcoin price crash and a bearish trend.They aren't the biggest crypto exchange in the world,so a possible outage can't influence the Bitcoin price.

They are not causing a Bitcoin crash. The point is that they might be going down on purpose during periods of high volatility to sell/buy before anyone else on their exchange and benefit from that, of course, this is just a hypothesis.

Quote from: noormcs5 on May 10, 2020, 06:37:50 AM

Quote from: Astargath on May 10, 2020, 06:17:35 AM

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

Whenever there is a big pump or dump in bitcoin prices, the coinbase crashes. Maybe because they are not able to handle the increased number of people accessing the site. They shoud upgrade their system. I don't see any other motive for coin base to purposely down their system.

Sure, however, they had this problem since 2017 and it seems they haven't been able to solve it, what does that say about a 'professional exchange' ?

noormcs5

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Quote from: Astargath on May 10, 2020, 06:17:35 AM

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

Whenever there is a big pump or dump in bitcoin prices, the coinbase crashes. Maybe because they are not able to handle the increased number of people accessing the site. They shoud upgrade their system. I don't see any other motive for coin base to purposely down their system.

davis196

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Quote from: Astargath on May 10, 2020, 06:17:35 AM

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

Right now Coinbase is live and running.I don't think that they've done this on purpose.
Perhaps there were too many orders on the exchange that caused the platform to crash,I'm not an expert.
Companies like Coinbase usually have more benefits from a bull situation on the crypto markets-more newbies buying Bitcoins,more revenue from fees.It doesn't make sense for them to cause a Bitcoin price crash and a bearish trend.They aren't the biggest crypto exchange in the world,so a possible outage can't influence the Bitcoin price.

Astargath

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Activity: 1624

Merit: 645

https://www.coincurb.com/news/bitcoin-break-to-8000-broke-coinbase-which-experienced-partial-outage-again/

It seems that Coinbase has been dealing with this issue for years now and it's quite surprising to see the platform hasn't been able to fix it. Is there a possibility for the exchange to be allowing or conducting these outages on purpose?

Topic: Coinbase down again during crash, is the exchange doing this on purpose? - page 3. (Read 613 times)