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Topic: Coinbase, the Final Death Blow? - page 2. (Read 3604 times)

newbie
Activity: 42
Merit: 0
April 01, 2013, 09:27:02 PM
#16
auto-buy huh? anyone know where i can find that?
full member
Activity: 224
Merit: 100
DigiByte Founder
April 01, 2013, 09:23:32 PM
#15
time it right based on what?  i cant just click until it goes through anymore
Their is an auto buy script you can execute floating around here somewhere that will do it for you. Can't remember which thread its in.
newbie
Activity: 42
Merit: 0
April 01, 2013, 09:21:10 PM
#14
time it right based on what?  i cant just click until it goes through anymore

edit: now that ive re-read it.. i understand that the amount of coins you get will vary, not the amount you get charged..  but really that is still silly with the wildly swaying prices.   we went from 96 to 105 over the course of an hour or 2
full member
Activity: 224
Merit: 100
DigiByte Founder
April 01, 2013, 09:17:23 PM
#13
I guess it's better than not being able to buy at all.

Actually its not.. if you bought multiple small quantities of coins.. you could just click buy and have buy orders within a couple of minutes.  that was MUCH better than saying "we'll force you into whatever the price is at some unforseen time"   i spit my drink out when i read that.
You can still buy the other way though. Just have to time it right.
newbie
Activity: 42
Merit: 0
April 01, 2013, 09:15:44 PM
#12
I guess it's better than not being able to buy at all.

Actually its not.. if you bought multiple small quantities of coins.. you could just click buy and have buy orders within a couple of minutes.  that was MUCH better than saying "we'll force you into whatever the price is at some unforseen time"   i spit my drink out when i read that.

Need a new site to buy BTC directly from my bank... and LTC too lol.   cant justify $20 wire fees for the small time coining i do
hero member
Activity: 868
Merit: 1000
April 01, 2013, 08:22:30 PM
#11
I am hoping this screenshot and information is an April Fools Joke. If not, adios for good from me.

http://www.reddit.com/r/Bitcoin/comments/1bh00w/coinbase_is_pretty_much_worthless_now/

Has anyone successfully closed their account/severed ties with them? I am hoping a support ticket wont take days and days like their other ones do.

This is an over-reaction. They're just protecting their own business. If they were to honour lots of purchases and losing money on it, they would soon go out of business..
full member
Activity: 224
Merit: 100
DigiByte Founder
April 01, 2013, 08:22:23 PM
#10
I guess it's better than not being able to buy at all.
Exactly, and the easier it becomes for people to buy into BTC the more people will do it which in turn means my coins will be worth more Smiley Bahhaha!
legendary
Activity: 1400
Merit: 1013
April 01, 2013, 08:19:44 PM
#9
I guess it's better than not being able to buy at all.
full member
Activity: 224
Merit: 100
DigiByte Founder
April 01, 2013, 08:14:21 PM
#8
At this point they are now offering an additional service to the community. They charge less of a fee than Bit Instant and they don't require verification like Dwolla ->Gox. So after thinking about it  I must applaud their decision to expand their business. I'm sure it was very bothersome for them to be turning down so many people the past few weeks. I for one have tried clicking the buy bottom 40-50 times in the past couple weeks and have yet to get through.
vqp
newbie
Activity: 57
Merit: 0
April 01, 2013, 08:11:50 PM
#7
I think they are going to be an alternative when (if?) the price against fiat stabilizes.
I can not blame them, in the current situation they would be buying coins for you @ mtGox and receiving the money 4 days later. That would be like be short on bitcoins on their side. And be short on bitcoins was not a good practice these two last weeks.


legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
April 01, 2013, 08:10:19 PM
#6
This is incredibly stupid.
April fools or die
sr. member
Activity: 430
Merit: 250
April 01, 2013, 08:09:55 PM
#5
How else are they supposed to know if you actually paid them or not? As long as they tell you that before the order is placed and/or allow you to cancel it, I don't see a problem.
full member
Activity: 224
Merit: 100
DigiByte Founder
April 01, 2013, 08:09:14 PM
#4
"Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.

Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price on approximately Friday Apr 5, 2013 at 06:09PM MDT.

Note that you can cancel your order at any time up until your bitcoin arrive from the transfer history page.

The market price of bitcoin changes frequently. Below are some recent prices to give you an idea. These do not guarantee what the price will be in a few days."

At least you can cancel the order up until it clears your account.
full member
Activity: 224
Merit: 100
DigiByte Founder
April 01, 2013, 08:07:25 PM
#3
I see their point. But they just screwed their own business model. But it does allow you to get around the 24 hr limit.
hero member
Activity: 490
Merit: 500
April 01, 2013, 07:58:23 PM
#2
This is really not good for coinbase.

How come they decided something like this?
newbie
Activity: 70
Merit: 0
April 01, 2013, 07:55:46 PM
#1
I am hoping this screenshot and information is an April Fools Joke. If not, adios for good from me.

http://www.reddit.com/r/Bitcoin/comments/1bh00w/coinbase_is_pretty_much_worthless_now/

Has anyone successfully closed their account/severed ties with them? I am hoping a support ticket wont take days and days like their other ones do.
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