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> Regarding the CB $1000 spread, it occurred due to an exchange outage I believe. Why would they let you buy and not sell? I bought and tried to sell and it di

> Regarding the CB $1000 spread, it occurred due to an exchange outage I believe. Why would they let you buy and not sell? I bought and tried to sell and it didn't work so I bought again and tried to sell again and it still would not work... Coinbase is very manipulative so they should get regulated.

gruez 5y ago
>Coinbase is very manipulative so they should get regulated. Ironic given that coinbase is one of the more regulated exchanges out there (the others being gemini and kraken). You can definitely go worse, eg. bitfinex or binance.
- smabie 5y ago
  Binance is better than coinbase in pretty much everyway it matters (except regs I guess), but kraken and bitfinex are total shit shows.
- Black101 5y ago
  no issues with Kraken yet (but I am mostly holding XMR on that exchange)... but every time bitcoin drops quickly, I have issues with Coinbase (ever since they existed)
smabie 5y ago
Why would you want to buy at the bid and then sell at the offer with a $1000 spread? You would lose tons of money, unless you mean you were trying to make the market at a tighter spread (instead of taking).
- Black101 5y ago
  When I bought at $50.5K, it was going to roughly $52k every other second... easy money (if they let you sell) ... next time I will do a screencast (right now I only have a bunch of screen shots). IE: The spread was going nuts... 1 second you could buy a bitcoin at $50k and the other you could sell it at $52k. I have a video of the spread going nuts at a different point in time, but it wasn't this bad. Even if it is a YC company, they need to regulate them ASAP.
  - smabie 5y ago
    That's not how spreads work, an order book can never be in cross. Orders that are in cross are matched and removed from the book. You could buy at 52k and sell at 50k, not the other way around.
    - Black101 5y ago
      When the spread is $1k, the actual price that you can buy at changes really fast... 1 second, I could buy at $50k and the next second I could buy at $51k, AKA the last trade price.
gjs278 5y ago
because you didn’t pay them yet. you probably don’t have instant deposit so they were waiting for the money to clear from your bank account.

gruez 5y ago

>Coinbase is very manipulative so they should get regulated. Ironic given that coinbase is one of the more regulated exchanges out there (the others being gemini and kraken). You can definitely go worse, eg. bitfinex or binance.

smabie 5y ago
Binance is better than coinbase in pretty much everyway it matters (except regs I guess), but kraken and bitfinex are total shit shows.
Black101 5y ago
no issues with Kraken yet (but I am mostly holding XMR on that exchange)... but every time bitcoin drops quickly, I have issues with Coinbase (ever since they existed)

smabie 5y ago

Why would you want to buy at the bid and then sell at the offer with a $1000 spread? You would lose tons of money, unless you mean you were trying to make the market at a tighter spread (instead of taking).

Black101 5y ago
When I bought at $50.5K, it was going to roughly $52k every other second... easy money (if they let you sell) ... next time I will do a screencast (right now I only have a bunch of screen shots). IE: The spread was going nuts... 1 second you could buy a bitcoin at $50k and the other you could sell it at $52k. I have a video of the spread going nuts at a different point in time, but it wasn't this bad. Even if it is a YC company, they need to regulate them ASAP.
- smabie 5y ago
  That's not how spreads work, an order book can never be in cross. Orders that are in cross are matched and removed from the book. You could buy at 52k and sell at 50k, not the other way around.
  - Black101 5y ago
    When the spread is $1k, the actual price that you can buy at changes really fast... 1 second, I could buy at $50k and the next second I could buy at $51k, AKA the last trade price.

gjs278 5y ago

because you didn’t pay them yet. you probably don’t have instant deposit so they were waiting for the money to clear from your bank account.