is gdax down? Wow they really weren't setup to handle this. Every time I go there, it said partially degraded service or something is hanging.
hmmmm. How about a chart howing how much $$$$$$$ (aka real money) has been lost in the crash. Might look a tad, a bit, a wee, different. In lieu of that a chart of how many DWEEBS are in the red. I'll take either one
I'm not going to be a BTC hater BUT these newbies going on in on credit cards or margin are going to get super F'd at some point if not already. Who knows though, maybe they have the hodl mantra or maybe can't panic sell since coinbase sucks.
The margin doesn't mean diddly. Who cares? When I hear folks worrying about margin (meaningless unless you're a leverage freak) I know they are clueless Only time it matters is when its RAISED and you cant hold the position for that reason
Financial history ALWAYS repeats itself. They didn't listen, so now they pay the price. I mean seriously, BTC already had 3 very serious crashes, why would it be different this time with increased competition and the network not working? That is alright, it is just money distribution, from the stupid to the smart... By the way TSLA holders will get the same treatment, just it will take a bit longer...
Make a mental note of what you've seen every time Bitcoin price crashes - you ARE NOT ALLOWED to sell on Coinbase...they just shut the "exchange" down and cross their fingers that the buying will resume so they can open back up. One time occurrence is excusable, two - maybe...but this is at least the 4th time this has happened at Coinbase on big down days. I would not trust them at all at this point. And just to add a conspiracy aspect to all this, if I had to guess I bet they do not have the cash on handle to fill all the sell orders and that is why they pull the plug on big down days, hoping that price recovers so they can open back up. 1929-bank run-level scary.