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.

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[Jahoohio]

I’m holding. There is no cash just a correction, as you should expect this time of the year.Keep repeating the tulip bulb crap, it not a real comparison. Also a lot of people moved funds to Bitcoin cash because of the lower transfer fees.I haven’t lost a cent, pulled my initial investment out and letting the profits work.

[jjsheridan5]

Keep repeating the tulip bulb crap, it not a real comparison.

Let them have their moment in the sun. These are people who are rarely right, and they have built up a huge backlog of "I told you so"s.

[BipolarBob]

I can lose money just as fast and easy in the stock market all by myself.

[StAnDeliver]

"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."

No. BTC is the new Chinese stock market, and they just had another fire drill...

[Drago]

Bitcoin back up 22% in the last 8 hours...if you need to exchange fiat USD for crypto in the USA, there is also Gemini and Kraken.

https://gemini.com
https://www.kraken.com

Or buy BTC locally: https://localbitcoins.com

For BTC/alt-coin only swaps, these exchanges:
https://poloniex.com
https://bittrex.com
https://c-cex.com

[beef]

Sometimes you just get lucky, and that’s all this is for me.

[beef]

In the long term, I think blockchain tech is where the money is.