COINBASE WAS HACKED and CHARLIE LEE KNEW

What alternatives are there? Coinbase is down a lot, but I've never lost a cent.
Tbh senpai I keep 90% of my coins in bittrex and haven't ever had a problem in months

I wonder what happens to coinbase when the amount of fiat being cashed out exceeds their cash reserve? This might be fun to watch.

>tfw have 13 ETH on coinbase

pp-p-p-please no

If coinbase ran off with everyone's money it would be the end of cyrpto.

This thread a meme

>On your USD wallet, not crypto. Read the terms and conditions.
are you sure about this? i thought it meant that they insure you in USD i.e. give you back your crypto losses in USD

...

Fuck no, Bancor is about to come out which is crypto with no exchanges

Status is dropping which is basically a single point of contact for everything etherium

The fun and games are only just beginning, user.

You can't seriously believe this.

Minister you, Satoshi

Coinbase goes down like once a week. Chill the fuck out people

this tbqh

it worries me aswell, lets say ethereum moons so hard that even those with 10 ethers becomes millionaires, how the hell would you manage to cash out?

no exchange has the capacity to cash out all that money to tens of thousands of people, and if they did, it would crash so hard

but i guess it would happen gradually, those with more ethers would cash out at 500$ and 1k, those with less would wait for 1.5-2k, and so on, so there always is a couple of millions for you to have

This is like the worst time for it to go down

Fuck those coons

any USD in your account are insured in the sense that if theres some sort of robbery or catastrophic meltdown or whatever, the FDIC will make sure you get your money

if you make bad trades and take losses, thats on you dude

You're saying that will wipe out every cryptocurrencies? Meh...i don't know...

seriously this

its always like this when theres a volume spike

You sir are a spaz

Why

Well, when normal banks lose liquidity it usualy means hard hit for value of currency, hit that potentialy can turn into hyperinflation if whole system loses balance.
and what exchange rate would they use in case of robbery? Current? at he time of robbery? some fixed one in the terms?

>"no exchange has the capacity to cash out all that money to tens of thousands of people"

You do realize the price rises because people are putting cash IN to the system right? If it goes to $500 and $1000 that means there's people buying in at that price point.

>Thinks FDIC is going to insure your virtual decentralized currency
>Thinks FDIC is going to insure every retardcoin out there
>Thinks FDIC is going to insure speculative garbage

Do you think the entire world economy is going to fail when coinbase tanks?

Far from it.

i don't mean crypto losses like if the coin goes down, i mean if the crypto you own goes missing or something like mt gox they will insure you the value of it in USD

Well user, I'll have you know that the government is suppose to protect me from anything negative in my life. I'm entitled to only the positive things in life.

Cause' fuck the children in Thailand that make my shirts. I FUCKING DESERVE IT user. CAUSE' I WAS FUCKING BORN AMERICAN.

REEEEEEEEEEEEEEEEEEEEEEEEEE

Yes user, the government will defiantly insure a decentralized currency that's not backed by anything. That's of course why they tax you on it. The government has your best interests at mind user.

>not cashing out via alphabay and selling the entirety of what you bought for MORE gains
it's like you faggots really do hate money

Minister you, Satoshi

Again, how do you even determine the value of stolen coins?
They can fucking change 10-20% daily in value.

so what's the safest exchange to keep your crypto

The government of course.

It's bullshit that coinbase's website is still down.

it's bullshit that coinbase is keeping all of us hostage.

They've been given hundreds of millions of dollars from funders and they can't even create a site that can handle heavy load...

Also i believe they intentionally bring their site down to profit off the crash. They take millions for themselves while leaving our accounts with only a small gain if any.

>build insanely high traffic site and can't handle high traffic

I'm losing money right now. These cunts are gonna pay. Luckily I bought a lot of gold and silver with most of my BTC a few days ago but still.

They need to set guidelines.

1. New users can't cash out within 30 days.

2. Margin trading, loan trading, and selling/re-buying at dips shouldn't be allowed.

3. Limit each user (who is older than 30 days) to only be able to cash out once a week.

4. Those who want to cash out large sums need to do so gradually over a few weeks, not all at once.

i am not sure that bitcoins in your coinbase account are insured in this way

Probably genetics. Ask your parents

Enjoy crashing the market. I mean...
>selling/re-buying at dips shouldn't be allowed
What the fuck? You have no idea how markets work if you think this is in any way enforceable or tolerable

>so what's the safest exchange to keep your crypto
>What is the best dick to put in my ass while not being gay?

Nope, the guy above is right.

Only USD wallet is FDIC-insured:

support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

Yes, btc is insured by Lloyd's of London too

>All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result.

The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft. The policy is provided by a syndicate of insurers through Lloyd’s of London.

>Coinbase holds less than 2% of customer funds online. The rest is held in offline storage.

HYIP's I've been involved in on talkgold.com set the same rules all the time. You give them a sum of money and in 30-60days you get your money back with interest. Some of these HYIP's have been going on for years.

support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-

Look child. Why would the government fully insure a digital currency?

Ok not the government but it's still insured so who gives a fuck who's insuring it. Sperg.

Retard.

>2. Margin trading, loan trading, and selling/re-buying at dips shouldn't be allowed.
get fucked m8

>All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result.

Literally what is wrong here? Your crypto is fully insured.

this fucking faggot lmao

>Yes, btc is insured by Lloyd's of London too

It is not insured for market crashes you dense fuck.

I never said anything was insured for market crashes, "you dense fuck".

When did reddit show up here? You gals are cute.

Wanna see my tits?

Nah, I've got my own to play with.

...

lmao. Girls(male) or girls?

Coinbase is back up.

Buy more ETH!

Minister you, Satoshi

Russian hackers!

If etherium moons so hard that an eth is worth 100k, fiat is dead and you don't want to cash back in to it. Sell 0.01 eth a week for rdd and sit back to enjoy getting camsluts to deprive themselves for your money.

Coinbase looks to be back up.

So that seems to be done.

I would imagine there was a lot of panicking about ETH prices and whatever else that led to people wanting to bum rush the site.