Ask HN: Is Coinbase down?
I was refreshing the dashboard and I saw Bitcoin trading at 18k+ and then the dashboard becomes unavailable.
But now when the price is high Coinbase can't manage to scale the website so that people can sell?
It would not be hard for coinbase to engineer a meta-strategy using targeted service failure to extract additional profits from the ecosystem's obvious trends. Not saying this is going on, but there are now to indications that this could be happening.
Someone is intending to buy at $12K so you fail the transaction for 3 hours if your simple model expects a higher price tomorrow (meanwhile buying some coin at market to use later when you succeed the transaction).
$0000 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12000-$13000: 17 hours
$13000-$14000: 4 hours
$14000-$15000: 10 hours
$15000-$16000: 5 hours
$16000-$17000: 2 hours
$17000-$18000: 10 minutes
$18000-$19000: 3 minutes