jeff garzik bitcoin miners
Coinbase is the aol of crypto. You're from about the idea that coinbase would panic regardless of when they made the announcement. Coinbase can't even handle the volume of the demand for from three coins you bitcoin. The seed phrase is bitcoin your key to your vault door. Old Gregg 1 February download Will this be "fixed" by Coinbase? It is, download it isn't.
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Bitcoin is not that fragile. Free market magic at work. This is a brilliant app that is the gateway between whatever local currency you use and the world of crypto currencies. After two weeks if back n forth their support told me there was nothing more they could do. Then when you click to actually BUY the bitcoin, the buy price shoots up dramatically. I own both but cash seems so stupid to me. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.
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Coinbase can't fiscally from all the coins they are holding in USD. Bitcoin comments other discussions 4. No response at all from customer service regarding this issue. If you want to bitcoin your money, then this is the app for download. Now it is bitcoin bogged down and under coinbase that it is practically unusable. Use of this site constitutes download of our User Agreement and Privacy Policy. They have from to give me back the 3 small amounts coinbase well.
Download bitcoin from coinbase
More than 10M customers trust Coinbase: Thank you for joining us on this journey! You can read more about our improvements to our platform at engineering. This is an official promotion for new users of Coinbase. Over the years the app has gotten better and better.
This is by far the best coin wallet I've downloaded and I have gone through quite a few. Beautifully intuitive I remember when buying bitcoin was like circumnavigating a labyrinth. The speed and intelligence the bitcoin network is being expanded is staggering and Coinbase is the bedrock that seems to offer more people the chance to play in this strange and wonderful modernity.
This is a brilliant app that is the gateway between whatever local currency you use and the world of crypto currencies. Buying and selling is easy and simplified. Finding your wallet addresses could be a bit more intuitive but in the end it's the best full service bitcoin wallet and exchange app on the market. It cannot be used for trading. If you are a newbie and all you do is buy and hold, do not sell until you have made enough appreciation for whatever your goal may be.
I have a request in to support to find out why. I would love to be a beta tester and test all the future features! I have been using coinbase for years. Accumulated all my crypto currency with coinbase. They are extremely good by providing a safe place to buy and store your cryptos. The ease of use of the coinbase app has allowed me to accumulate a significant amount of Bitcoin at a price far lower than it is today and therefore literally making me a fortune.
A fortune I would not have otherwise made because I have not been able to figure out how to buy and sell on the exchanges. One might say I'm technologically impaired. But because I located coinbase I was able to buy and accumulate enough bitcoins to make a big difference in my life at a time during my retirement.
After the Mt Gox fiasco the fact coinbase is safe is a major factor in my determining to go ahead and buy crypto. The bad and ugly are the obvious difficulties with their support which has been lacking if you've had a problem.
One can expect this sort of thing if an organization expands at such a rapid rate and struggles internally with the process of adding the experienced personnel to handle customer inquires and complaints. In my case I've never had a problem so I can't talk first hand about it. Since they have now added help lines I'd expect this to improve drastically and ultimately be solved. Keep it up coinbase your obviously the leader of this new industry and getting better everyday. They feed on newbies entering the market and charge ridiculous fees per buy or sell.
Put your money on coinbase and transfer it directly to GDAX also owned by coinbase This is an easy way to get into the cryptocurrency, but for the uninitiated it is not a trading platform. I think you do a good job overall but I really can't wait until you have a competitor.
I feel like you just hurt Bitcoin by doing this. It will weather the storm, but that doesn't mean we shouldn't be pissed. They can't handle the traffic they already had. These events show a major vulnerability in crypto, mainly that the exchanges, asic miners, and whales hold way more power than we thought. It's beginning to appear that this is not a currency but an asset and payment system for international transactions only.
Over the years, the crypto market will balance out until it reaches equilibrium. It's safe to say once that happens, the volatility of crypto will be significantly lower than the state we find it in today crypto is still a very immature technology, and there is much mania surrounding the fray which greatly increases volatility. You're right, right now due to a number of various issues including but not limited to politics, infrastructure, and adoption, cryptocurrencies aren't frequently used as a form of currency YET.
But in ten years time, it's probably a safe bet to say the market won't be as volatile and cryptos as a form of true currency will be a reality. Yeah, for a second and all the buy orders filled it back into 15s and then back into 16s and finally 17s again.
You couldn't have purchased a 14k BTC if you tried unless you were among the first to place that sell wall. Many many many new buyers end up there first because they don't understand what you're saying at all.
This will change as more time passes and more people educate themselves with even more and better information in front of them on a daily basis. Bitcoin just isn't there yet, it's cool that it's all over the news, but they barely fathom this reality so most local stories are spreading misinformation unknowingly. Maybe, but those people are just greedy slobs looking to get rich quick.
They don't want to do any research into what they're buying, they only want to buy bitcoin because they heard stories about the massive price increases. Those types of people aren't great for the overall community. Sure, the flood of new people will make the price go up temporarily, but as soon as there's a market hiccup they'll all bail. Or they'll post sob stories about dumping their kids' college education funds into something that lost money.
Besides, do you think these people actually care if they're getting Bitcoin or Bitcoin Cash as long as they think the price will go up? Do you think they care about the politics or technology at all? And you are in it for the philosophical banter? They are just newer to it than you, that's really all. I hear so many people on both sides insisting that the best decision is clearly the one that profits them the most.
The introduction of forked coins to Coinbase allows a true market-driven ecosystem. I hope both sides bring their best game. The only real question is when to buy Bitcoin. Bitcoin will weather this storm and it will rise again. The winners are those that buy it the cheapest and this might be the last time it dips this low. Hopefully it dips to 10k or 5k, waiting wishfully.
The huge influx of people who started using Coinbase came in around Bitcoin price of 10kk. These make up the majority of Coinbase users and since they couldn't afford Bitcoin, they purchased Etherium or Litecoin. Once Bitcoin dips they will buy Bitcoin. At the moment they are buying BitcoinCash just because it's cheaper. I think there is a lot of truth to what you say. I would imaging many people are buying coins that they don't even know what it's intended purpose is such as bitcoin for a currency, ether for smart contracts, tokens for measuring rain water in the Sahara etc I don't hold coins that I haven't at least been to the website about, and know what its for.
The hundreds of thousands of people registering over the last few days probably saw the tv reports, read a few online articles, googled "buy bitcoin", and opened an account, they don't know how fees work, most probably don't have a clue what a private key is, let alone know be able to dustinguish between the good, the bad, and the scammy. This sub pretends like there's nothing to fear until faced with reality.
BTC needs work to compete. I agree, though it doesn't mean we shouldn't be calling out bad actors when they do reprehensible things such as not allowing customers to sell their bcash while allowing them to buy it without prior notice especially when it's clear that the price will move a certain direction once this happens. Yep, exchanges should be trying to avoid creating surprise conditions for their customers and markets, regardless of which coin it is, and especially if their interface already can't handle the volume.
Like the OP said, GDAX talks about prioritizing stability and security, but then they go and do the opposite by generating panic conditions for their customers that could be totally avoided by not dropping surprise announcements live on their trading interface.
It's not just about the BCH, people also were impacted by the flash crash and laggy interface that it created on all their other trading pairs. Coinbase is an exchange, and they make money when people execute trades The more coins they offer, the more transactions they'll see It is what it is. Its like when video games come out and on the first day there is tons of lag because the traffic is high.
Same thing is happening here. The waiting comes from the BCH blockchain or from Coinbase internal processing? I did get mine finally. Most of mine were already on my ledger but I forgot about. Higher amounts might have more of a delay. Yes but they weren't even prepared. Also they could have sent out emails saying they were going to offer this instead of just spring it on people. This would have created some speculation and a gradual gain. Not one mad rush.
Not that there aren't a million things wrong with the way that CB rolled it out, but wasn't the original reason they agreed to implement BCH in the first place that so many of us were crying over the BCH fork and having not withdrawn our BTC to a private wallet in time?
Heard over christmas dinner For real the CEO has to be bff with Roger because he gets nothing but requests to integrate segwit all day then decides to enable bcash on his broken ass engine instead It is quite a convoluted change. An ugly one if you ask me, but not everyone agrees with my opinion. It's really not coinbase's fault that people panic. They could have done this at ANY time and the same thing would've happened.
They could have announced it in advance, so everyone was aware and could make sure they would be there at market open, if they so desired. The site crashed even without announcing that they were not prepared at all. Supposedly they are hiring new people in the new year.
And they didn't even wait till the Manpower was there. I think there were a bunch of hints that they were considering adding full trading, mostly after segwit2x was canceled. I don't think this was as unpredictable as everyone is saying, though personally I thought it'd occur in January and not this much earlier. Too bad I didn't get in on this pump madness since I wasn't holding anything on Coinbase during that split, would have been really nice to sell BCH lol.
But honestly I think folks just need to hedge their investments in situations like this. I just held both forks to help stabilize the long term returns. It kinda is though. They could have sent an email in advance, letting us get ready for it. I was completely blindsided by this this morning. There would have still been pandemonium anyway, but there was some high level scheming going on here. You're right about the idea that people would panic regardless of when they made the announcement.
However, it's how they made the announcement that is suspect. They could've told everyone in advance. In addition to that, they could've gave everyone their tokens before they allowed trading. Oh wait, on top of that, they decided to continue with the implementation fully knowing that their servers couldn't handle the influx of traders. I don't care if they add coins, at least have your software up to date for the coins you have so they can function properly.
At least be able to handle the volume you have before doing this! I feel like they are hurting Bitcoin while lining their pockets! They aren't hurting bitcoin because bitcoin is ultimately not an investment, nor do they control it. No one seems to grasp that everyone buying bitcoin as an investment to convert back to USD is going to be the reason bitcoin does not succeed.
It prevents the price for stabilizing anytime soon, which also means more and more companies don't want to accept it, even if the LN pans out and more and more people are less likely to ever spend it since they are worried it would have gained value. Coinbase hurt Bitcoins future the moment they opened. Lets not even get into the future dilemmas they've cause by allowing people to buy bitcoin with a CC. Not to mention Coinbases only goal is to get as much cash as possible before the virtual run on the bank occurs.
Coinbase can't fiscally cover all the coins they are holding in USD. Once people start getting worried and try to cash out you're going to watch as companies like Coinbase freeze transactions and stop processing while the market dips until it gets to a point where they actually have the capital to back all the people trying to dump. Thats the other issue with everyone trying to use bitcoin as an investment to make USD, as the value rises, your and the new users initial funds don't cover the now actual value of the coins This pretty much sums it up.
The moment people start trading it I stead of using it is the day it was doomed. Just split your investment and breathe. Half Bitcoin, half whatever pleases you and look at the value of your investment in bitcoin increase. When bitcoin's value drops, a lot of other coin delay their drop and even do better. Which means that if you monitor well enough, you can double your amount of bitcoins in that kind of situation. If bitcoin is gonna stay the longrun, then it will have to deal with this kinda stuff numerous times.
Bitcoin will either succeed or all cryptos will fail. Bitcoin will adapt to any challenge and shrug off every attack. Bitcoin is a small set of simple ideas with an ever evolving implementation. While Coinbase does have the power to mislead the masses into financial loss, Coinbase does not have the power to hurt or destroy Bitcoin. Bitcoin is not that fragile.
Stop worrying so much and instead spend some time really learning what bitcoin is, how it works and what it will eventually become. The future is very bright for bitcoin. Geocities will either succeed or all of internet will fail. Fortran will succeed or nobody will ever be programming again. NASA will succeed or nobody will ever go to space anymore. That is mindless dogma. Worst case scenario is delayed adoption of crypto, not total failure. Bitcoin is not immune to technological progress elsewhere.
Obviously BCH is very unlikely to usurp it, technology to do that might not even exist yet, but it will eventually. Just a cycle of life. Even if you think of Bitcoin as a universally adopted protocol, there was telnet and then there was SSH.
Someone somewhere might already be working on a ground-breaking whitepaper improving on Bitcoin and other existing cryptocurrencies immensely. Why is bitcoin cash so popular? I thought it was just going to die out and it's like doubled in share price. Bitcoin Cash is popular because it's cheaper to buy than Bitcoin and the fees are lower. I don't have any Bitcoin Cash though, i already sold mine. Yeah I'm subbed to both. I am not personally invested but my husband is so I try to keep up with news here.
I disagree with that. My discussions that might have been seen as intellectual have always been downvoted into oblivion. Ask a question here that's rooted in logic and people are usually more open to discussion. Because there was a run up to today's announcement and implementation. So glad that coinbase alerted it's client base that today was the day they were doing this. They are the most unreliable service, and they charge a premium price for it.
I hope their adoption of Bitcoin Trash comes back to bite them. If Coinbase goes away then say goodbye to all the retail money. To a lot of buyers it's all they use or care to use. That's why having other exchanges and brokers is key. Hopefully this will cause more business to flow to some of the alternatives. Can you name one viable alternative that makes it so easy to do transactions at low dollar amounts? Of course ignoring that all of it carries over to gdax.
Any reason you can't use Gemini?