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> You do know that Coinbase has a $50k a day withdrawal limit? On the day you might think that limit matters, it's not really gonna matter.
by JackFr 5y ago
> You do know that Coinbase has a $50k a day withdrawal limit?
On the day you might think that limit matters, it's not really gonna matter.
- loceng 5y agoIt still would slow down a bank run, and Coinbase conveniently/suspiciously going down when bank runs seem to start would further cut off impulse selling - and arguably long enough for manipulation to happen elsewhere to turn price into upward trend again to quell impulse selling by potentially artificially making the price look like it's rebounding.