Coinbase going busto? Numerous people not getting paid by Coinbase currently. - page 3.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: ?? on ??

Quote from: QuestionAuthority on August 31, 2014, 09:29:30 AM

Yeah, you're spot on. That's the biggest bullshit that people spout here, especially the old timers. I've been here almost four years and everyone says well it's you're fault you lost money because you should know better than to trust X company. Well if I have to keep my Bitcoins locked up in a closet the rest of my life because I can't trust anyone then what the fuck good are they?

Store them yourself and spend them at shops you trust. What is the problem?

Here is a quick and dirty method to avoid getting scammed: Only spend your coins at shops that have existed longer than Bitcoin (have a business model that functions without Bitcoin).

Also, if you are trying to "get rich quick", you are probably going to have a bad time.

Really Holiday, really. And what if I want cash? Can you point me to the Bitcoin exchange that's been here since before Bitcoin?

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Nagle on August 31, 2014, 11:58:42 AM

Quote from: minerpumpkin on August 31, 2014, 11:10:12 AM

I don't think that we should jump to conclusions just because something takes a while at some point. Do we have any official explanation about this whatsoever? This kind of stuff may have several valid reasons!

It doesn't matter what the "reasons" are. Depositors have a right to withdraw funds whenever the depositor wants to. If Coinbase is legit, it won't hurt them at all if every depositor withdraws all their funds. If Coinbase has been stealing customer funds, it's better to find that out sooner than later.

So withdraw all funds from Coinbase now.

ROFL

Yeah, take them all out immediately. Make sure they go out of business.

I do have to agree that you should be treating them the same way you would treat a small bank. Think of it this way, if you went down to your local bank to withdraw your money and they didn't immediately give it to you would you ever use that bank again?

How could you not trust this guy? He is a 25 year old veteran of the financial services industry. LOL

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: minerpumpkin on August 31, 2014, 11:10:12 AM

I don't think that we should jump to conclusions just because something takes a while at some point. Do we have any official explanation about this whatsoever? This kind of stuff may have several valid reasons!

It doesn't matter what the "reasons" are. Depositors have a right to withdraw funds whenever the depositor wants to. If Coinbase is legit, it won't hurt them at all if every depositor withdraws all their funds. If Coinbase has been stealing customer funds, it's better to find that out sooner than later.

So withdraw all funds from Coinbase now.

Kayex

member

Activity: 84

Merit: 10

Quote from: minerpumpkin on August 31, 2014, 11:10:12 AM

I don't think that we should jump to conclusions just because something takes a while at some point. Do we have any official explanation about this whatsoever? This kind of stuff may have several valid reasons!

I heard that they sent emails regarding the issues woth the deposits and wothdrawals. But that is beyond me.
More or less, the more time they take to solve this issue, the more trust they lose from the people that use CB.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

I don't think that we should jump to conclusions just because something takes a while at some point. Do we have any official explanation about this whatsoever? This kind of stuff may have several valid reasons!

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: chicken65 on August 31, 2014, 09:20:18 AM

Quote from: Macky_Verns on August 31, 2014, 12:10:06 AM

People are just making stories so people will withdraw their money and deposit somewhere else. I am using coinbase everyday and never had any issues.

Please delete this thread mod

Or some folks have legitimate concerns.
The main issue is people not getting their money, and losing the ability to trade because of Coinbase issues. Its not about the owners are going to flee
or the company are going down.

I just experienced this my self with Cryptsy. My deposit took just over 80 hours to arrive. By that time
the coin i wanted to trade with had lost the moment. This is a big problem which happens with all these companies.
AS far as I can tell BTC operations are running around as if its the wild west and if it all goes horribly
wrong the answer is - Its your fault you lost because your trading in BTC. This is nonsense and needs to be stamped out.

As for me I trust no one or any organisation. I would like that to change however.

Yeah, you're spot on. That's the biggest bullshit that people spout here, especially the old timers. I've been here almost four years and everyone says well it's you're fault you lost money because you should know better than to trust X company. Well if I have to keep my Bitcoins locked up in a closet the rest of my life because I can't trust anyone then what the fuck good are they?

chicken65

hero member

Activity: 770

Merit: 506

Quote from: Macky_Verns on August 31, 2014, 12:10:06 AM

People are just making stories so people will withdraw their money and deposit somewhere else. I am using coinbase everyday and never had any issues.

Please delete this thread mod

Or some folks have legitimate concerns.
The main issue is people not getting their money, and losing the ability to trade because of Coinbase issues. Its not about the owners are going to flee
or the company are going down.

I just experienced this my self with Cryptsy. My deposit took just over 80 hours to arrive. By that time
the coin i wanted to trade with had lost the moment. This is a big problem which happens with all these companies.
AS far as I can tell BTC operations are running around as if its the wild west and if it all goes horribly
wrong the answer is - Its your fault you lost because your trading in BTC. This is nonsense and needs to be stamped out.

As for me I trust no one or any organisation. I would like that to change however.

negafen

full member

Activity: 218

Merit: 101

Quote from: BayAreaCoins on August 31, 2014, 06:32:19 AM

My coinbase account was frozen too.

They said it was because I had multiple accounts and instructed me on how to close the others. I did this and now they won't respond back after about 3-5 emails.

I haven't tried to sell there since, but I kind of figure that it is a no go on that as well.

(they don't have any of my Bitcoins of course)

Do you use same multiple accounts on yourself? or have member of the same household having different account?

BitCoinNutJob

legendary

Activity: 1330

Merit: 1000

Quote from: BayAreaCoins on August 31, 2014, 06:32:19 AM

My coinbase account was frozen too.

They said it was because I had multiple accounts and instructed me on how to close the others. I did this and now they won't respond back after about 3-5 emails.

I haven't tried to sell there since, but I kind of figure that it is a no go on that as well.

(they don't have any of my Bitcoins of course)

They are probably just snowed under right now, i cant see how they can be busto more likely trying to work out what to do with all the money.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

My coinbase account was frozen too.

They said it was because I had multiple accounts and instructed me on how to close the others. I did this and now they won't respond back after about 3-5 emails.

I haven't tried to sell there since, but I kind of figure that it is a no go on that as well.

(they don't have any of my Bitcoins of course)

lonestranger

member

Activity: 115

Merit: 11

I like long walks on the beach, shaving my head...

Quote from: TYT on August 31, 2014, 03:59:18 AM

Looks like fud. Companies sometimes have problems but most people seem to be getting their money fine.

No, they are actually not paying people. I am personally VERY affected.

TYT

member

Activity: 78

Merit: 10

Looks like fud. Companies sometimes have problems but most people seem to be getting their money fine.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ?? on ??

I initiated two sales in the past 10 days and nothing out of the ordinary.

Received both on the day stated.

Combined for over $13K.

No issues ever with Coinbase across a hundred or more buys and sales in the past year.

~BCX~

Same here. The problems I've had with them were all eventually resolved. Growing pains can be a real bitch, but doesn't meant hey are scammers. Indeed they are pioneering the future of consumer bitcoin.

sealberrder

member

Activity: 66

Merit: 10

Quote from: ensurance982 on August 30, 2014, 12:29:54 PM

Quote from: Xiaoxiao on August 30, 2014, 12:11:50 PM

I wonder when they are going to re initiate the transaction i made back in october of 2013 as promised in which I was shorted a decent amount of money. Huh

Huh? Could you elaborate? Was that some transaction that got cancelled or something? I guess you wrote the support? It surely won't take this long to be executed normally! But any info on this would be appreciated!

Basically if you do research of Coinbase history you find out many sell/buy orders in the past were cancelled without any compenzation. Like you bought 1BTC when the price was 800 USD, but after few days your buy order was cancelled. The support tells you can do the transaction again, but unfortunatelly for you the price is now 850 USD.

So much about Coinbase.

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

I haven't faced any problem with coinbase yet?

Nagle

legendary

Activity: 1204

Merit: 1002

We're in a holiday weekend. If any withdrawal is delayed past the end of next week, it's time to start talking to lawyers and collection agencies. You might call up the accounts receivable managers at some of their big customers and see if they're seeing trouble. Buying a credit report on Coinbase from Dun and Bradstreet is worthwhile, and if they're not paying on time, report them to D&B. California small claims court goes up to $10,000, and if they owe you less than that, file in small claims court. That will get you action.

Late payment is a big red flag. Don't delay acting.

Gogo ppp

legendary

Activity: 1078

Merit: 1000

This is a link to a thread I started about 10 weeks ago.

https://bitcointalksearch.org/topic/coinbase-having-serious-technical-issues-651712

I recommend reading the links in post #5 in the thread:

Arvicco - "I'm surprised no one is talking about this to the community. All the figureheads are just regurgitating nonsense about how great Coinbase is for Bitcoin community. At the same time, users are posting horror stories about practical Coinbase experience on a regular basis: ..."

For those of you who feel all is well with Coinbase (you could be correct), simply ignore.

hua_hui

legendary

Activity: 1386

Merit: 1016

Coinbase needs to make a official statement to clarify all the detail. Otherwise it has bad influence and some users may scare to go there.

Kayex

member

Activity: 84

Merit: 10

Though some people are desperately relying on coinbase,
for the average joe, I would say don't worry about it too much.
Coinbase will have it up and running sooner or later.
They have a reputation and they probably don't want to end up being the next Mtgox

Macky_Verns

newbie

Activity: 7

Merit: 0

People are just making stories so people will withdraw their money and deposit somewhere else. I am using coinbase everyday and never had any issues.

Please delete this thread mod

Topic: Coinbase going busto? Numerous people not getting paid by Coinbase currently. - page 3. (Read 6574 times)