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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 walk
by capableweb 6y ago
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.
- xiphias2 6y agoIt goes down in both directions :) The big difference is now they have lots of competition in US.
- SilasX 6y agoYeah it seems to be more an issue of volume than the price direction.
- segfaultbuserr 6y agoAn 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.
- hndudette2 6y agoBitcoin 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.