Why is anyone surprised by this? Coinbase sent an email out months ago saying they'd do this by Jan 1, 2018.<p><pre><code> Dear Coinbase customer,
...
We are planning to have support for bitcoin cash by
January 1, 2018, assuming no additional risks emerge
during that time.
...
Thank you,
Coinbase Team
</code></pre>
Am I crazy?<p>Edit: let me answer those who think I am crazy. BTC literally tripled overnight a few weeks ago when there was "speculation" about futures contracts. Price swings in the crypto world happen over the least sensible things. My assumption was that the news from Coinbase was actually helping prop up BCH all this time, and that may have been true. I guess I took for granted that it was a sure thing.
So if I sell my newfound BCH today, which was birthed from thin air a few months ago, but originates from BTC I bought years ago, is it short term capital gains or long term?
It is interesting to see all the people up in arms here. Everyone here is assuming that no one knew that Coinbase was going to add Bitcoin Cash. That simply isn't true.<p>For the last two months, they have said they plan to add it. In fact, Bitcoin Cash was about 280 dollars and it was common knowledge Coinbase was going to support it. You, the employees, and everyone else could have loaded up if you wanted to.<p>Lastly, there is no real incentive for employees to load up on BCH to make a quick buck. In the first seconds of trading a massive sell wall of 12,000 orders emerged and that would drive the price down dramatically.
I sent out my bictoin cash to a wallet and the transaction url gives me a 404. Coinbase posted this message on their page : "Partially Degraded Service: Outgoing Bitcoin Cash transactions are currently not being sent. Our team is investigating."
Coinbase announces support for a cryptocurrency and the price skyrockets. I can't believe people just start to buy a cryptocurrency because they suddenly can more easily.
I suspect they have some fixing to do yet... common prices listed on indexes are ~$3,539.82 USD at the moment. Coinbase UI has the UI pegged at $8,499.03 .. with console errors, and ssl to be distrusted errors.
Based on data from the gdax trades api, in the approx. 2 minutes and 40 seconds this was live on gdax yesterday, about $15.5 million USD of trades occurred, at a volume weighted average price of $5,080.
I've had the worst customer support experience with coinbase. I'd advise not using their service. They aren't equipped to support their customers. I'm out of pocket $1000 and have been in a "queue" for the last couple of months.
Does anyone else find it highly suspicious that Coinbase goes down whenever there is any major movement in prices?<p>You can explain this as just the natural result of too much traffic, but that's not convincing. This is a business valued at over 1 billion dollars that has been operating for years. If this is still a problem, it's either unbelievable incompetence, or because they see no reason to fix it.<p>And here is a worst-case theory, by way of speculation not accusation. Being down whenever there is a lot of movement lets them beat all of their customers. When there is a crash, they can sell before their customers can. When there is a boom, they can buy before before their customers can. And because such a big portion of the market trades through them, this is more than trivial gains.<p>I have no way of knowing if this is what's happening, but it seems to be worthy of discussion, given how many people are placing trust in them. They don't really have an adequate explanation for the constant downtime, and I think they owe one to their customers.
<i>All customers who held a Bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account.</i><p>Pardon the naive question, but does this mean Coinbase users who held Bitcoin have essentially "doubled their money"?
For other exchanges that support large numbers of other coins, how are they able to do this and Coinbase cannot? I'm assuming there's some development and risk involved but what work is involved in adding a new coin?
I wonder if they're accepting the fork because transaction issues that core has. I mean, neither can handle the transaction load right now. I wonder how long till another fork.
Would anyone know why a small purchase from Coinbase would still be pending two full weeks or more after funds had left my checking account? Their support isn't too helpful. I've made other successful buys and sells, but one transaction is just stuck pending it seems and they're not being very helpful.
All this cryptocurrency talk has inspired me to understand the innerworkings of exchanges -- so how does a company like Coinbase scale to meet the demands of new customers? Surely they're not the first company to deal with this problem.
Up 50% from past 24hs. Previous ATH was ~2500, now at USD 3100 at Coinbase.
I was wondering what triggered it. This morning was already at a high price ~2100. It was somewhat stable around ~1700 just two days ago.
Yesterday it was hell as I was caught on the other side of a trade.<p>I've been successfully day trading making $300/400 a day, and it's great. But I missed out.<p>Missed out.<p>And had to hold overnight.
they say trading BCH in EURO is available immediately but on GDAX it says it's not available yet... Anyone knows when we can expect this to be available?
it's hilarious how many suckers will get drawn to this scam over and over.....<p>1.) omg this cryptocurrency is so transactional/rare<p>2.) nope. this isn't transactional at all! it costs me $350 to send $350!<p>3.) nope. it's not rare, coinbase just added ANOTHER transactional/rare crytocurrency!<p>4.) time to lose 80% on another cryotocurrency!