Every time Bitcoin moves more than 5% Coinbase goes down... by jrcornel

View this thread on steempeak.com
· @jrcornel ·
$9.70
Every time Bitcoin moves more than 5% Coinbase goes down...
# When Bitcoin was volatile early this morning, Coinbase was down yet again

This is becoming a common theme in crypto...

Any time things get volatile, Coinbase goes down.

The most recent one happening this morning as bitcoin was dropping by $1k in a matter of minutes...

![image.png](https://cdn.steemitimages.com/DQmPZc7qGjEHBEodFHCqPHXkSXSzKbk56QuYt9qzXjXeZ9n/image.png)

(Source: https://www.coinbase.com/price/bitcoin)

This might not seem like that big of a deal but it has been happening a lot lately.

In fact, it's happening pretty much any time Coinbase gets volatile...

This would be the 3rd time it's happened in less than a month...

https://www.forbes.com/sites/billybambrough/2020/05/10/sudden-bitcoin-crash-sparks-serious-coinbase-warning/#30fcfd24f840

# What is going on?

Is it strange to anyone else that any time bitcoin moves by plus or minus 5% in a short period of time Coinbase crashes?

Coinbase isn't just another crypto exchange...

Coinbase is the largest US based exchange by a significant margin.

And the majority of its users are of the retail variety.

Which may have something to do with why this is happening...

There were some rumors put out that Coinbase has a circuit breaker for its users of sorts.

Meaning that any time bitcoin gets volatile it locks people out from trading so they don't do something stupid.

This hasn't been verified by Coinbase but with all the outages every time bitcoin gets volatile it would make a lot of sense.

What do you think, should Coinbase be 'protecting' their users every time bitcoin gets volatile or should they people decide for themselves?

It seems like a pretty clear answer to me...

Oh and btw the official word from Coinbase is that they basically have a system overload every time the price gets volatile, which I think is highly unlikely at this stage in their development.

Stay informed my friends.

-Doc
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
post_id86,217,711
authorjrcornel
permlinkevery-time-bitcoin-moves-more-than-5-coinbase-goes-down
categoryhive-148441
json_metadata{"tags":["bitcoin","crypto","news","coinbase","steemit","life","blog"],"image":["https:\/\/cdn.steemitimages.com\/DQmPZc7qGjEHBEodFHCqPHXkSXSzKbk56QuYt9qzXjXeZ9n\/image.png"],"links":["https:\/\/www.coinbase.com\/price\/bitcoin","https:\/\/www.forbes.com\/sites\/billybambrough\/2020\/05\/10\/sudden-bitcoin-crash-sparks-serious-coinbase-warning\/#30fcfd24f840"],"app":"steemit\/0.2","format":"markdown"}
created2020-06-02 23:34:06
last_update2020-06-02 23:34:06
depth0
children2
net_rshares13,610,399,516,970
last_payout2020-06-09 23:34:06
cashout_time1969-12-31 23:59:59
total_payout_value4.932 SBD
curator_payout_value4.771 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,899
author_reputation3,753,569,352,183,839
root_title"Every time Bitcoin moves more than 5% Coinbase goes down..."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (56)
@mtl1979 ·
This is like when I was working as an electrician... 10 years without blowing up a single fuse and when I did finally blow up a fuse, it wasn't just a single fuse... damn fuse box had to be rebuilt... lol... It arced all three phases...
properties (22)
post_id86,218,025
authormtl1979
permlinkre-jrcornel-qbbq79
categoryhive-148441
json_metadata{"tags":["hive-148441"],"app":"steempeak\/2020.05.1"}
created2020-06-03 00:19:09
last_update2020-06-03 00:19:09
depth1
children0
net_rshares0
last_payout2020-06-10 00:19:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length236
author_reputation702,532,898,973
root_title"Every time Bitcoin moves more than 5% Coinbase goes down..."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@bdk1970 ·
Coinbase Pro is a little bit more versatile with the limit prices and such.
But they do charge a fee per transaction, so Coinbase sucks
properties (22)
post_id86,292,543
authorbdk1970
permlinkqbolkx
categoryhive-148441
json_metadata{"app":"steemit\/0.2"}
created2020-06-09 23:07:45
last_update2020-06-09 23:07:45
depth1
children0
net_rshares0
last_payout2020-06-16 23:07:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length135
author_reputation679,551,260,249
root_title"Every time Bitcoin moves more than 5% Coinbase goes down..."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0