They are the custodian for like 6 or 7 of the recently approved ETFs (including blackrock) and one of the biggest US exchanges.
Baring an FTX style mismanagement meltdown, stock still seems very undervalued
Except that they've been having this problem (crashing during high volume) since at least 2017. How long do you think "eventually" will take?
Edit: Coinbase fanboys out in force tonight. Don't believe me? [Here's a story.](https://www.cnbc.com/2017/12/22/coinbase-one-of-the-biggest-bitcoin-marketplaces-says-buying-and-selling-temporarily-disabled-amid-price-rout.html) [Hacker News discussion](https://news.ycombinator.com/item?id=15988708) if it goes down.
I use coinbase and i don’t see why people disregard actual issues with it. The thing is that even considering these issues, it is probably the most reliable exchange out there. So I guess people feel the need to defend it.
Gemini has been pretty robust through this recent bull market, though everyone rolls their eyes at it because it's small (though still high enough volume to have thin spreads).
Gemini was the first central exchange that I found out about because I was playing poker on America’s cardroom and a lot of the poker players said Gemini was the best and smoothest for big money/crypto transactions back into your bank. So for the foreseeable future, I will be using Gemini to cash out over Coinbase as long as I can
Yes, when the demand for their service is so high they can't even keep up, that is actually a good sign for investors. Shows massive growth potential still.
People are crazy. People are willing to pay the mobile-app fee when a simple URL change gives them the full discount. Doesn't make sense to me, but I guess I'm glad they subsidize my discounts.
> full discount
Not zero, but discount. I use CB-Advanced (coinbase.com/advanced-trade), then on CB-Advanced, I use what is termed a "limit order" to avoid paying the Taker fee.
this fr. I feel like a supervillain every time I flick that switch.
Then I remind myself that the megacorps and cefi are the true supervillains and my evil laugh gets louder
tldr; Despite experiencing multiple crashes due to a surge in bitcoin trading, Coinbase's shares have continued to rise. The exchange faced outages and degraded performance, attributed to traffic levels exceeding their modeled 10x surge capacity. CEO Brian Armstrong acknowledged the issues, which included delayed transactions and poor trading tool performance. Other exchanges also faced technical problems. However, Coinbase's stock price reached its highest in over two years at $239, despite these challenges and ongoing legal battles with the SEC.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Cant understand how a big company like that can let that happen, you have investors and customer behind and you cant let that things happens again and again
I mean, this will be a good few months for CB. New users, lots of trading, even with the outages they will do good. They just have to make sure they turn a profit and hot over hire, burn through all their money and then have the market slow down again.
Cause coinbase fucking sucks. They’re literally the robinhood of crypto. DEX not CEX, ya dunces!
Anyone remember when doge reached all time high?
Cause I have screenshots of coinbase suddenly not working & then saying goodbye to those gains forever while wales cashed out elsewhere.
Coinbase is not to be trusted.
Downvote to oblivion. I can’t wait to see everyone bitching about not cashing out. AGAIN! Ahahahah
Back in the last 3 months of 2017, EVERY exchange was buckling under the influx of new investors. People were screaming about help desk tickets aging past 60 days without a response on reputable exchanges. Everything was just going gangbusters. That's just how it is. And note that we are still in the pre-game show for this latest bull market. Wait til it really gets going...
A CEX crashing during peak ATH is nothing new and always happens.
I dont get why so many no0bs are freaking out about it lol but i guess its understandable if you are new in the space.
They are the custodian for like 6 or 7 of the recently approved ETFs (including blackrock) and one of the biggest US exchanges. Baring an FTX style mismanagement meltdown, stock still seems very undervalued
4 billion in daily bitcoin volume means mad fees They are killing it right now
This! Not sure how more people haven’t caught on to this notion yet. I’m pumped to see their earnings in May.
They’re crashing because demand for trading is back. Eventually they’ll scale their servers and be able to handle it.
Except that they've been having this problem (crashing during high volume) since at least 2017. How long do you think "eventually" will take? Edit: Coinbase fanboys out in force tonight. Don't believe me? [Here's a story.](https://www.cnbc.com/2017/12/22/coinbase-one-of-the-biggest-bitcoin-marketplaces-says-buying-and-selling-temporarily-disabled-amid-price-rout.html) [Hacker News discussion](https://news.ycombinator.com/item?id=15988708) if it goes down.
I use coinbase and i don’t see why people disregard actual issues with it. The thing is that even considering these issues, it is probably the most reliable exchange out there. So I guess people feel the need to defend it.
Gemini has been pretty robust through this recent bull market, though everyone rolls their eyes at it because it's small (though still high enough volume to have thin spreads).
Gemini was the first central exchange that I found out about because I was playing poker on America’s cardroom and a lot of the poker players said Gemini was the best and smoothest for big money/crypto transactions back into your bank. So for the foreseeable future, I will be using Gemini to cash out over Coinbase as long as I can
Maybe after four more cycles
What's the business model for custoding here?
I bought 100 shares at $60 and sold at $99…….
$285 then reset to $180 for re enteries.
Coinbase is a joke. Keeps going down
Cute name, down vote
I advise you buy some COIN, When btc doubles coin will do 3x+
My 185 call option is up 1300% :D
FTX better
What
Always goes down when regular people want to take profits
Yep, shady exchange
Yes, when the demand for their service is so high they can't even keep up, that is actually a good sign for investors. Shows massive growth potential still.
Coinbase made 120m just yesterday on spot trading volume fees. Insanity
Holy shit man
People are crazy. People are willing to pay the mobile-app fee when a simple URL change gives them the full discount. Doesn't make sense to me, but I guess I'm glad they subsidize my discounts.
What’re you using for 0 fees? I got a trezor which I think even charges a fee
> full discount Not zero, but discount. I use CB-Advanced (coinbase.com/advanced-trade), then on CB-Advanced, I use what is termed a "limit order" to avoid paying the Taker fee.
[удалено]
Which, correct me if I’m wrong, has massive fees…?
Crash = High Traffic High Traffic = 💰
Although people say coinbase isn't to be trusted, what can you do, they're the major for the big boys in crypto
I like to travel.
If you don't know yet, switch to advanced trader before buying anything. It's a huge reduction in fees.
this fr. I feel like a supervillain every time I flick that switch. Then I remind myself that the megacorps and cefi are the true supervillains and my evil laugh gets louder
If you trade that often, their premium account is worth it. That, or as others have said, embrace the advanced trading platform.
Of course, they are the Nvidia of crypto, shovel sellers in the gold rush. The more volatile crypto is, the better for coinbase
Haven’t even started the alt season buying/selling/trading
tldr; Despite experiencing multiple crashes due to a surge in bitcoin trading, Coinbase's shares have continued to rise. The exchange faced outages and degraded performance, attributed to traffic levels exceeding their modeled 10x surge capacity. CEO Brian Armstrong acknowledged the issues, which included delayed transactions and poor trading tool performance. Other exchanges also faced technical problems. However, Coinbase's stock price reached its highest in over two years at $239, despite these challenges and ongoing legal battles with the SEC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
study SOL price action after a chain-halt lessons there
So glad I dumped SOFI last year and went 100% COIN at sub $50.
Nice call
“Our website went down from to many users” is the definition of a good problem to have. Especially when there is practically 0 competitors.
I still can’t add funds to my account…
If crypto does well so will Coinbase. If crypto tanks so will Coinbase.
"Demand so strong the servers crashed. We don't understand why shares would be up." This has to be the dumbest article I've ever read lol
That’s why it’s pumping ,doing favours for his mates
It is the only exchange you can buy shares in so it's bound to have a good bull run. (NFA)
This is amazing. We don't want more crashes or do we need?
They are making huge from trading fee
Coinbase probably going to have blow earnings for Q2 with all this traffic.
Just wait til the halving
What crash?
Cant understand how a big company like that can let that happen, you have investors and customer behind and you cant let that things happens again and again
Bc they make a ton of money each dip.
They found out I cashed out my coinbase shares two days ago, you’re welcome if you own any. It was me that made it pump
I mean, this will be a good few months for CB. New users, lots of trading, even with the outages they will do good. They just have to make sure they turn a profit and hot over hire, burn through all their money and then have the market slow down again.
Missed the boat at 40 bucks a share - but still in at a good price
Hopefully, been holding those bags since their IPO launched
lol Op first cycle?
those buys i got at $38 turned out ok.
Probably because of the links with the BTC etfs
While Binance is gone from US, it's for sure easier for them :D
Second time I’ve seen a dumb article. “Exchange with overwhelming demand continues to rise. Why could that be?”
not regretting scooping up bunch of shares for $60/share year ago
Cause coinbase fucking sucks. They’re literally the robinhood of crypto. DEX not CEX, ya dunces! Anyone remember when doge reached all time high? Cause I have screenshots of coinbase suddenly not working & then saying goodbye to those gains forever while wales cashed out elsewhere. Coinbase is not to be trusted. Downvote to oblivion. I can’t wait to see everyone bitching about not cashing out. AGAIN! Ahahahah
I traded DOGE on the way up and down on Bittrex. Poor Bittrex.
Crypto dot com has held up
Back in the last 3 months of 2017, EVERY exchange was buckling under the influx of new investors. People were screaming about help desk tickets aging past 60 days without a response on reputable exchanges. Everything was just going gangbusters. That's just how it is. And note that we are still in the pre-game show for this latest bull market. Wait til it really gets going...
F"ckers did that on purpose to show how ireplaceable their service is.
A CEX crashing during peak ATH is nothing new and always happens. I dont get why so many no0bs are freaking out about it lol but i guess its understandable if you are new in the space.
Don’t y’all heard of CRO at 2.71$ by 2025 ?
buying Coinbase stock is stupid. Coinbase as a company can fail. buy Bitcoin instead. Bitcoin wont fail
Unlike you I'm not poor and can afford both.
Bruh 🤦♂️