As Bitcoin & Ethereum Fall, Coinbase Goes Offline & GDAX Halts Trading

in bitcoin •  7 years ago 

As Bitcoin and Ethereum take a tumble, the spike in user traffic at both Coinbase and GDAX have resulted in outages and trading freezes respectively.

On Monday at the time of press, bitcoin is down nearly 7.5% on the day while Ethereum is closer to a significant 20%, driving opportunistic investors to partake in a buying frenzy while prices fall.

The ensuing traffic on Coinbase and GDAX, an exchange operated by Coinbase for more professional traders has impacted both websites.

Read more here: http://www.altcointoday.com/bitcoin-ethereum-fall-coinbase-goes-offline-gdax-halts-trading/

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7 years ago by

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      ·  7 years ago 

    whats going on?

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      [-]
        ·  7 years ago 

      Its all technical trading...

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          ·  7 years ago 

        Ya i wonder what is happening?

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            ·  7 years ago 

          Nothing goes straight upside or straight downside... both buyers and sellers work together.. so for now its a Pause till August as per my analysis... i expect deep downside in currencies...

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              ·  7 years ago 

            Ok makes sense. Thank you!

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                ·  7 years ago 

              You're welcome! ☺

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                [-]
                  ·  7 years ago 

                Its just start more downside action to come...

                Here is my post 12 days ago..

                For Bitcoin i think 1200$ is possible and even low for good dip...

                https://steemit.com/steem/@hellogelt83/blood-bath-in-crypto-currencies

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                  [-]
                    ·  7 years ago 

                  This seems to always be the case with Coinbase. Whenever there is panic coinbase web and mobile have an outage. It's almost as if it happens like clockwork to avoid people converting to fiat. I wonder if that is part of their strategy and if so all more reason to have some regulation in this space.

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                    [-]
                      ·  7 years ago 

                    In other words they protect themselves from Fast Rising Prices and Sharp Fall in Prices... you can expect that from trading brokers as they don't want to get bankrupt ☺

                    Many forex trading brokers went into bankruptcy on SWISS CHF sharp fall... i think in 2014 or 2015...

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