/biz/ - Business & Finance

>>57758022
>OY VEY SHUT IT DOWN

>>57758106
literally this dude
what the fuck
it's dipping and i can't trade
we're getting fucked over again

>>57758022
what the fuck is happening

>>57758022
Too bad for you mutts, cuz Binance is still goin' strong for the rest of the world.

Yo! Where'd all my money go?

LINK 20.85
>Market rugs

>>57758333

SUPREME JEW MOVES!!!

>>57758306
>>57758333
> they still used and trusted exchanges
Serves you right. Exchanges are the complete antithesis of crypto and having a defacto banking cartel for crypto is retarded and fuck you morons for just accepting it.

>>57758333
thanks for playing.

>>57758370
Shut the fuck up you stupid paranoid faggot. How else are you supposed to sell in 2024

I was one button press away from sending my funds to coinbase and got a sudden sense of dread. I guess I should trust my gut more often.

coinbase just put out a message saying funds are safu
massive fuckery going on
insiders getting big slurps during this
I fucking hate crypto

>>57758370
I'm not gonna pay silly ETH gas fees and I hate the thought of having to mess around with fucking Metamask in the browser that's like fucking a prostitute without condom. It just takes one compromitted site or one weird contract or whatever and poof your connected wallet is empty.

>>57758455
yup did a huge dip to 58k

>>57758370
The cash balances are gone as well. It's not just the coins/tokens. I didn't even have any money in the market. The cash will be back. I don't know how they will handle the crypto. Glad to not be stuck in the market for once when this shit happens.

ARE THE FUNDS SAFE?

>>57758397
P2P as god satoshi intended you blithering buffoon.
>b-but muh convenience!
Yeah well now you get fucked. Kek.

I CANT SELL
I CANT SELL

>>57758546
Yeah, it's just the site that's dead. Your wallet has nothing to do with this

>>57758022
normies crashed coinbase, parabolic move is imminent

>>57758022
Everyone needs to take all your coins off now!!

>>57758512
retard techlet

So this pretty much proves that Coinbase is not reliable under high load, when you would need it the most. This isn't the first time.

>>57758370
I've literally never seen an account posted on /biz/ that was both not poor and not on a cex. I'm even more sure that you can't prove me wrong lmfao

>>57758631
Good thing they provide a self custody wallet with easy on ramps!

>>57758632
Literally what the fuck all does monetary value have to do with decentralized distributed model? Value is irrelevant, it was supposed to do away with the concept of a centralized controlling agent entirely reeeeeeeeeeeee

>>57758022
>COINBASE JUST FUCKING RUGGED BLACKROCK2rn

>SELL EVERYTHING'

3/10 troll harder newfag

>>57758605
I have no problem with tech. You misunderstand the situation.

>>57758631
CB has never been reliable under high load. it's so standard that I assumed it was a meme when people starting posting about it. their surge capacity isn't great because they have to keep everything in house for security instead of relying on third-party routing. that's a good thing. Also i assume they don't improve it because they gain nothing from people panicking and trying to rush to cash out or sell or even buy.

>>57758333
>>57758455
CAN DEVS DO SOMETHING ALREADY??

Tfw only use uphold and mexc

>>57758022
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>57758022
Anybody here to tell me if coinbase is already?
I only use other exchanges.

>>57758022
Relax, it’s just Binance and Coinbase being responsible adults, fulfilling their contracts with the institutions. Little known condition for the ETFs was that the big boys said they couldn’t go in without circuit breakers. This is Coinbase/Binance’s version of the circuit breaker.

>>57758723
You do have a problem with the tech in that you do not understand how websites work.

kek

We’re not letting anyone sell till 500K

>>57758811
i know i should take financial advice from some random nobody on an anonymous image board filled with degenerate retards like you i guess i shouldn't use the world's largest and most respected crypto exchange instead i should stick to using some obscure chinese exchange that you probably own so you can steal my money thanks for the advice bro you're the biggest genius around

>>57758811
>circuit-breaker.

Coinbase has had these same circuit-breaking features for as long as I've known about CB. It is literally standard for them to be unreachable at the top when most are trying to rush to sell/cash out/etc. Literally every time - it's part of my strategy to sell 2-3 days prior to when I expect a top to avoid this rush. I sell to USD and the cash is in my bank account the morning before every retard tries to cash out and can't even log in to the site.

>>57758865
coinbase crashing unironically might've saved it from crashing even lower. if you're late to sell the top here you'd be more hesitant to sell now. it's gonna stabilize at 60k over the rest of the day.

>>57758022
COINBASE RUGGED
COINS DRAINED

>>57758865
based

What are some good alternatives to coinbase to buy and sell crypto? I was using Gemini for a bit but they don't have shit on that exchange

Sers the tokens are safe village wallet filled to the brim once again

>>57758840
It had nothing to do with me personally retard. Everybody showed a zero balance. It had nothing to do with tech knowledge or lack thereof.

>>57758961
They are all dogshit, coinbase is still the most trustworthy, but that's not exactly setting the bar high

>>57758984
>everyone's balance is not showing
>nothing to do with tech knowledge

You don't know what you don't know, namely how a website like Coinbase functions. There is one server that loads the website. Another server that echecks your username/password and loads your "profile." Then another server that checks against a database of your holdings. Too many people logged in and asked for their holdings, so the server that handles that took a shit. As a result, any attempt to show holdings shows "zero" because there is no server on the other side responding. The server/database that actually contains your holdings data is still there, it just cannot be accessed by the website at the moment.

>>57758022
WTF IS HAPPENING FFS

Just CB doing CB shit. It's like everyone forgot what happened when Shib peaked kek. Waiting 2 weeks for your USD to make it to your bank during a bullrun is SOP as well.

This is why no one is going to use their stupid base bridge and will instead use other bridges. The "official" bridge actually says 7 days to swap eth back to mainnet lol.

Never keep the bulk of your crypto on a CEX, especially CB. They are not your friends.

>>57758022
I'm going to make these Hebrews fucking pay.

>>57759044
I wonder if Coinbase Prime (for BlackRcok and Cathy) have separate servers.

>>57758570
They do this every time shit starts mooning. Accept it or use a DEX

>>57759104
they probably have something we don't even know the name of

>>57758022
Just mention it on twitter and you'll get 400 responses about a "I had that problem too but I know a guy who helped me" along with a google sheets link where you actually lose everything, lol

>>57758865
Very based image sir.

>>57759104
Surely, but I suspect Coinbase locks trades at intense volume moments in order to prevent buffer-overflow type attacks. If you write a proper algo and scheme you can arbitrage in such moments in a way that lets you make out with holdings you never had - IE you could potentially sell/trade things twice before systems could update. By the time the discrepancy is reconciled at CB, you've already got the money transferred two wallets away. By slowing/locking trades at such times you avoid this. Good security feature, IMO.

why does coinbase have two renders listed

THE FUTURE OF MONEY

>>57759122
I'm done with this "whoops the website crashed hehe" bullshit. What would be the best DEX to move to?

its over

>>57759336
>they laughed at binance

>>57758468
There are alternatives to Ethereum.

>>57758811
A circuit breaker would just be a halt on trading and/or withdrawals. It wouldn't be your balance showing zero. The stock market has hit circuit breakers before and nobody's balance ever showed zero because of the circuit breaker.

>>57759336
This is a CEX, dumbass. Do not equate it to Bitcoin.

>>57759426
Trader Joe.

? My coinbase wallet is normal? Whats the issue?

All good here my basterds :^)
Happy ramadan

>>57758961
Robinhood not even memeing

>>57759584
It's back up now. we're fine now.

>>57759543
Coinbase has myriad ways to implement an efective circuit breaker. that's one. They use "tech outage" as a plausible deniability cover.

>>57759670
so…time to slurp?

>>57759824
definitely. it will be at $65k by end of next week.

>>57759824
lol sure thing bro hey man if you want to slurp this hard on robin hood's dong all the power to you it must taste like rainbows and puppies and the finest caviar slurp it up bro im sure they wont rug it from you

>>57759426
There's no single DEX to move to. When you use dexes, you will need to use multiple dexes because none of them have all the coins you want to deal with. And DEXes are really just web front ends for on chain contracts. Some popular dexes are uniswap, pancakeswap, tradejoexyz, etc. Be careful who you use.

>>57759950
>EXes are really just web front ends for on chain contracts. Some popular dexes are uniswap, pancakeswap, tradejoexyz, etc. Be careful who you use.

Appreciate your insight. Thank you.

>>57759336
>funds are saifu

If you’re so clever why are you using Coinbase?

>>57758631
Scalability is a massive bottleneck that the entire market faces, both centralized and decentralized.

Look how high ETH fees mooned earlier.

>>57758306
First time?

This is why altcoins with low market caps will never catch on. One platform may screw its users (even if temporarily), but it doesn't really affect Bitcoin due to the 1T+ market cap. This could have killed an altcoin, but Bitcoin is already so solid that it's just a buying opportunity for the people unaffected.

>>57758468
Just like with prostitutes, you do your thing, then pull out and go away
Dumbass

COINBASE JUST GOT HACKED, CHECK TWITTER, MAJOR HAPPENING INBOUND

Someone did it on purpose to short

COINBASE JUST SWAPPED ALL MY LINK FOR ICP

>>57758306
I sold before the Coinbase crash and freeze. Feels good

>>57758022

I bought ETH a week ago, still waiting for the balance.

Fuck coinbase, I missed out on so many additional gains

>HE THOUGHT YOU COULD CASH OUT
HAHAHAHAHAHAHA
WE FUCKING TOLD YOU RETARDS
YOU DIDN'T LISTEN
YOU CANNOT CASH OUT

>>57761482
imagine being this retarded if you can't cash out your earnings then you should just kill yourself that's not even earnings that's just a ponzi scheme by the exchange maybe you should have listened and sold when you could instead of being a dumbass

I feel like the Coinbase malfunction just killed the bullrun.

>>57760980

It did you a favor.

>>57758333
Not my keys
Meet
Not my coin

You deserve it

>>57761542
Coinbase Kills the God Candle...

>>57758022
dogshit scheme to scare people and gen fomo

>>57759224
This is a non-issue with transaction SQL statements

>>57759712
The much simpler explanation is coinbase's server shit itself. Pretty sure they are happy to get as much volume as they can, that's their entire business model.

>>57761702
I think its more likely they want to slow bitcoin down so corporations can get on sooner than they planned.

>>57758333
>in crypto
>can't read a status page
>can't just look at cb wallets on the blockchain and see there's money there
>can't idk look at YOUR address and see there's money there

>>57758022
>>57761593

Oldfags here to remind you younger anons that Coinbase do this every fucking time. 2021, 2017, etc. Its a feature not a bug.

Came back so I could transfer what btc I had on there out but...
>10x traffic sruge
bullrun is just beginning....

>>57761825
It's honestly a good sign that the bull has begun when you see the exchanges start breaking

Not your keys not your coins
Thanks goyim

THEY PULLED IT
I TOLD YOU DOG
I TOLD YOU ABOUT RUGS BRO

>read panic thread
>10% of portfolio on Coinbase
>check coinbase
>all coins still there
>yawn

>>57761525
Cope.
You. Can't. Cash. Out.
You will never be a real currency.

seems like net outflow reached a critical threshhold so they turned off trading by having a *glitch*. When you buy on coinbase they are probably not actually buying the coins immediately. So if enough people buy, the price then goes up for whatever other reasons, and those earlier people start selling, that is technically considered a short position on coinbases books because they are completely liable for the cash/tether the user is receiving so they just turn off trading instead.

>>57763095
Coinbase is an exchange, not a market maker. You faggots tire me with your GME-tier schizoposting. You have no fucking clue what you are talking about

>>57763542
Yep because coinbase or any other exchange would never coordinate with platform market makers. Such pedantic information is usually necessary to expand upon.

If anyone need proof the market is manipulated, we have coinbase.

>The Baron Brian "Raban" Armstrong Harkonnen declares the Bitcoin must Flow! ... for a discount to their financial institution Overlords.


>anons plx repost meme to keep the prophecy alive. Kthnxbai