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30346860 No.30346860 [Reply] [Original]

is crypto basically like the wolf of wall street where you buy in and see number go up while someone else spends your money and when you go to cash out, your not allowed?

>> No.30346881

maybe

>> No.30346994

Yes, coinbase can freeze your account for any reason. Don't use coinbase.

>> No.30347057

>>30346994
have you had your account frozen with them? what was reason?

>> No.30346881,1 [INTERNAL] 

The "hodl" concept is designed to keep people from cashing out. But yes, it's basically a ponzi. "Invest" with care, and don't get greedy.

>> No.30347581

>>30347057
No, it's extremely rare, and usually because coinbase is following a court order in case the US gov't thinks something suspicious is happening (e.g. tracking dirty BTC). If coinbase does prevent transactions, you can go to their support page, and if still nothing happened, then -- forgive me for saying this -- you can complain on reddit's coinbase subforum, and their support may see it.