Coinbase says buying and selling is temporarily disabled amid price rout (edited)

CNBC ^ | 12/22/2017 | Evelyn Cheng

[RightGeek]

Full title: Coinbase, one of the biggest bitcoin marketplaces, says buying and selling is temporarily disabled amid price rout

Coinbase, one of the biggest bitcoin marketplaces in the U.S., said Friday that trading was temporarily disabled amid a price rout in cryptocurrencies.

"Investigating - All buys and sells have been temporarily disabled. We are working on a fix and apologize for any inconvenience," Coinbase said on its status website at 11:11 a.m., ET.

The company added in a subsequent statement that "due to today's high traffic, buys and sells may be temporarily offline. We're working on restoring full availability as soon as possible."

Bitcoin traded about 18 percent lower near $12,800 on Coinbase as of 11:39 a.m. ET. Earlier, the digital currency had fallen as low as $10,400, down 44 percent from its record high hit Sunday.

....

[robroys woman]

My wife is going to plant quite a few tulips around our house.

[beef]

I got out of the last little bit I had on Tuesday. :-)

[butlerweave]

Don’t walk under any tall buildings ,someone might fall on you

[BenLurkin]

Getting jammed up at the door, are they?

[Yo-Yo]

Where was the Freeper who was recently asking about getting into Bitcoin in 2018? I'll have to dig up that thread.

Here it is: http://www.freerepublic.com/focus/f-chat/3613345/posts

[RegulatorCountry]

I’ve spent a week trying to warn the hardheads. Some of the most painful lessons in life get learned when you’re blinded by dollar signs. It was clearly time to head for the exits weeks ago and now the exits are jammed.

[robroys woman]

Wow! That’s excellent! It’s like getting out of the nasdaq just before the dot com bust. IMO

[robroys woman]

I wonder if this has anything to do with people realizing that trump and the R’s seem to be conspiring together, finally to MAGA.

Seriously.

[Lazamataz]

Coinbase is a cluster eff, and they are thieves. They stole two Bitcoin Cash’s from me by not giving me them in the Hard Fork.

[super7man]

I'm so glad I hung in there with Beanie Babies and “Gone With the Wind” decorative plates. Safe place to be.

[robroys woman]

I’m so glad I hung in there with Beanie Babies and “Gone With the Wind” decorative plates. Safe place to be.

---

I’ll take that bet and raise you my collection of Avon after shave lotion cars!

[RegulatorCountry]

I wonder if it has anything to do with Trump’s EO freezing assets of certain individuals and groups. It’s been a great discreet place to park dirty money, and the more dirty money that flows in, the more it’s worth. Until the drain plug was pulled, at least.

[ArcadeQuarters]

Bitcoin price: $13,000
Bitcoin value: $0

I’ll stick to nice, boring dividend stocks. Even when the price drops, they still have value in the form of a dividend payout.

[DoughtyOne]

e a s y . c o m e . e a s y . g o

[RegulatorCountry]

The whole thing is sort of weird anyway. It’s like bidding up an individual fax when the fax machine was invented. Wow, I’ve “invested” in it by buying a fax transmission, woohoo. What’s the value of an individual fax? Nothing. It was the transaction that had value.

[Obadiah]

I dunno. I think Bitcoin and the rest of these fake currencies are absolutely ripe for large scale manipulation and rip off from the likes of the NORKS, the Russian mafia, the Yakuza, the Chinese, and whoever else wants to launder money or manipulate it for artificial gain (rip off).

Caveat Emptor

[JohnyBoy]

Ironic since that introduction of bitcoin cash trading triggered the crash.

[neverevergiveup]

“I’ll stick to nice, boring dividend stocks. Even when the price drops, they still have value in the form of a dividend payout.”

Very true.

[Revel]

Is this the equivalent of closing the bank?