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Coinbase goes down every time BTC goes up.

Usually Coinbase goes down when the price goes down, not up. Probably because a ton of people are trying to sell their bitcoins as soon as the price starts walking downwards.

It goes down in both directions :)

The big difference is now they have lots of competition in US.

An old joke among Bitcoin speculators was "All technical analysis in a nutshell is basically: Bitcoin may go down, but Bitcoin may also go up. Time to add a new punchline: On the other hand, we're all sure that Coinbase always goes down.

Yeah it seems to be more an issue of volume than the price direction.

Bitcoin is one of the rare instruments with inverted skew in its options i.e. volatility is higher when the price is going up. So we would expect outages to be more correlated with price increases than decreases.

That's not true it also goes down when the price crashes.

Basically: Coinbase, we're going down.

ps: I find that very .. cynical that when there are such opportunistic moves poor retail gets locked away. Alas.

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