Coinbase goes down, causing further sell offs

in LeoFinance • 3 years ago (edited)

Hi Hive Friends,

I'm sure many of us are expecting some sort of correction to the crypto market as it has been a crazy fortnight for most of us. The correction seemed to be healthy at first but then it went down further than many might have expected. Checking my twitter feed, it seems like Coinbase was down and their price is lower than many other exchanges causing some false signals for further sell offs.

A tweet from another author earlier mentioned there might be the first one day $5000 candle int he making with BTC loosing $5000 in nearly a day and the chance of it rebounding $5000 was looking positive but due to this technical error, this was never achieved. In fact, it had the negative effect. Great for those who wants to accumulate more BTC but this might have caused some issues trading.

None the less, keep on the lookout for crazy prices during these crazy times. I don't expect BTC will be dropping under $28k but never know in this world what to expect. Stay positive and enjoy the ride.

red twitter.png


source: Willy Woo twitter

japanguide.png

Posted Using LeoFinance Beta

#leofinance #crypto #btc #palnet #neoxian
3 years ago in LeoFinance by
$0.02
  • Past Payouts $0.02
  • - Author $0.01
  • - Curators $0.01
7 votes
Reply 2
Sort:  
  • Trending
    • [-]
     3 years ago  

    One of the things I noticed is that whenever there are big movements in the market, whether they are corrections or not, the coinbase always ends up having some kind of problem that does not let people access the platform.

    Are they so incompetent that they can't find a solution or is it something purposeful? Theoretically for them it would be good for people to be able to enter and trade because their earnings are in trade fees.

    Posted Using LeoFinance Beta

    $0.00
      Reply
      [-]
       3 years ago  

      Congratulations @japanguide! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

      You received more than 3000 as payout for your posts. Your next target is to reach a total payout of 4000

      You can view your badges on your board and compare yourself to others in the Ranking
      If you no longer want to receive notifications, reply to this comment with the word STOP

      $0.00
        Reply