I had the right instincts to sell fast and knew that it would be a good time for me to get rid of some Bitcoin Cash, when it hit close to a smashing 4k on December 20th.
Amazing deal, I thought and at the right time for my well deserved little mountain holidays in Lienz with @vieanna BUT Coinbase Inc. wouldn't allow me to exchange to Euro to send to my bank account and today I found out that it went down to 3.4k.
They are all Some kind of jokers!
Thanks to @steemit STEEM and SBD I can go anyways :)
I lived on an island, celebrating mostly Hinduh traditions, much more than Christian ones and I couldn't see myself chasing for those trees, decorate, bake and run shopping for presents, among masses under steroids to get the right gift in last minute.
Last year I really enjoyed Vienna in December and had a lovely time with my daughter but this year, I decided to leave the European X Mas madness aside and fulfil one of my wishes to ski in the Dolomite mountains with extra cash in my pocket. Skiing is expansive these days as I was told. A sale for some of my BCH would have made it possible.
Lienz is waiting anyways....... See are leaving on Dec. 22nd and offline for a bit!
What happened with BCH Coinbase Transactions?
Here is what I found out online, after being all excited that Coinbase enabled Bitcoin Cash. I moved it out of my Exodus wallet, paid my fee and was ready to do the sale, to be informed that its not possible. Today I even got another message that I better sell smaller amounts, to "assure to get a fair price I should break it down".
Dec.20th,2017: "I dont care how you slice it, this is INSIDER TRADING! Someone with alot of Bitcoin knew "coinbase" would add Bitcoin Cash BCH and took one BIG chunk of profit from the "flippening". Whoever you are you are your making crypto look like wall st. Shame on you Source: CryptoSoldier (@NoTimeToSearch)
Coinbase halts Bitcoin Cash transactions amidst accusations of insider trading
Coinbase has launched an internal probe to identify whether its employees engaged in insider trading of Bitcoin Cash shortly before the cryptocurrency was officially introduced to the exchange yesterday. Increased trading led to a spike in Bitcoin Cash’s valuation, and just four hours after its introduction, Coinbase suspended trading of the digital currency.
I like things to be simple but this is too much hussle for a so called "mainstream and still kind of new " crypto-girl like me. I wonder, when it will change, to simplify such transactions in general.
I gave up selling and now I sit on my coins at coinbase.
Coinbase’s swift shutdown of Bitcoin Cash support came in the midst of many on Twitter raising suspicions last night about the unusual spike of Bitcoin Cash prices.- Source
Bitcoin Cash became the third largest cryptocurrency after Bitcoin and Ether in terms of market cap and its value has steadily risen from $1,500 last month.
You see, those kind of BS things, I don't really understand, nor like and still puzzles me in this crypto world. There are too many exchange operations who seem like criminals to me. Am I wrong?
I hope that Coinbase will come out with an explanation soon.
News per today Dec.21st,2017 : Coinbase investigates insider trading after Bitcoin Cash price spike
I mentioned about my story a few times that I am still chasing @poloniex for my bitcoin, lost due to an unauthorised withdrawal, I never approved. Anyways, now its gone with the winds and nobody replies to my tickets since May.
This time Coinbase messed up my extra cash for my Christmas!
Not cool!
Since June 2016 I do not power down ever and since STEEM is my preferred coin, I hold for longterm.
I will just forget the additional skiing adventure and go sliding :) instead.
Anyways....Merry Christmas!
Follow also my minnow profile @massivevibration to keep on spreading those MassiVe Vibes.
Feel free to join my steemit chat channels at "mammasittas, austria, massivevibrations, baliohbali" to post your links.
Join MAMMASITTA's Steemit Network and twitter account "steemitvibes"
I am supporting Austrian authors and invite You for the discord "steemit-austria" channel https://discord.gg/pqFY4aK
Stories like yours are such very good advertisements for DEX's (decentralized exchanges such as bitshares) as opposed to CEX's (centralized exchanges such as Coinbase).
But many, many people seem to have learned nothing from history (mt.gox - and all the other exchanges that have been hacked or fractional reserved, or crashed and burned with customers assets for other reasons).
And bitshares is based on the same technology as steem!
You are absolutely right and I have learnt my lesson early enough.
Still studying and choosing where I will stay!
I got my open ledger "smoking" now :)
I know what to do!
Thanks for this post @mammasitta and your insight @onceuponatime went and refreshed my knowledge on both.
Sorry to hear about your mishap, trust you have a fabulous holiday. Perhaps when you come back that little you could not reach for extra spending will be available and moved up again in trending.
@mammasitta sorry to hear for the lost of return opportunity.
Just to add on top, what being said about centralized exchange. They are free to manipulate the buy and sell of trades. Love it or hate it, we still depend on them buy some position in the currency we believe in.
https://steemit.com/coinbase/@bitcoinflood/did-coinbase-give-away-it-s-own-secret
That being said, I believe many of us here also have similar frustration of being opposite of where you are. Aren't able to get into position during correction. Thus, missing out on the opportunity on the uptrend.
@onceuponatime i have tagged in my special post have a look dear friend :)
This has nothing to do with my article :)
ok sorry dear i have tryed to delte it but option doesnot exist
flag this comment um really sorry its my fault
Up to you ....I don't think its ok to spam somebody's wall and beg. I am sure you can do much better :)
um sorry seriously i ll avoid again promise
hey Momma. The gains in crypto is insane right now and I’m having issues going to local currency as well. One solution I found was that a lot of gold silver stores are accepting crypto. I ordered
some stuff and can exchange it at any coin shop.
This sounds very interesting. I need to look into such option. Any suggestions where you can order online?
So far I haven´t heard one good thing about Coinbase.
Check this out
https://steemit.com/bitcoin/@stanhopeofficial/hahahaha-coinbase-s-real-bitcoin-must-watch
Coinbase was DEAD WRONG for that... that timing couldn't have been any worse!!!
Here we goo! You said it in the most simple ways. DEAD WRONG and obviously an insider job.
I agree about the insider job but at the end of the day, I think your money will only double up for you... At least I am praying for that!
Instead of skiing down the mountain, we'll take the "Rodel" (toboggan). I'm sure that's a lot of fun, too.
Lienz ist waiting! I'm so looking forward to it!
OMG! Eine andere Heart Attack nach meiner Leberreinigung ( liver flush ) gestern.
So wie @gexi gesagt hat . Es wird GE-HODL und GE-RODLT :)
Freue mich schon irre und habe gerade gepackt. Morgen habe ich noch Gäste zu begrüßen am Abend und los gehts. Melde mich baldigst.
Wann geht der Zug los??? @vieanna ??
Zugabfahrt um 8:25 Uhr, 5 3/4 Stunden Fahrzeit - endlich Gelegenheit, mal hier auf Steemit alles nachzulesen, wozu ich in letzter Zeit leider nicht gekommen bin ;)
Werde jetzt gleich die Fahrkarten buchen :)
Super !
Its get even more complicated if you want to sell altcoins back to usd/eur. mostly you have to change your "less known" altcoins to "more known coins" which is highly bothersome.
Exactly! Even a bigger mess indeed. Thats why I focus on the more well known coins for now. I got a few alts for trading fast but I am not really good with this, yet :)
Hab einen wunderschönen Urlaub in Tirol, mach viele Bilder und halte uns am Laufenden! Und grüße Tirol auch von mir, das ist so eine Liebe... ;D
I am switching my Bit-everything to the hodl bin... working with LTC instead, so much less drama and issues. ETH & BTC are too sporadic for me.
Coinbase.... I wrote yesterday: https://steemit.com/bitcoin/@kyusho/trials-and-tribulations-on-coinbase
About a client who paid for an item with BTC, transaction still "PENDING" from December 12th.
I wish there was a similar purchase, sell, transfer option to Coinbase (with merchant applications)...I would switch in a heartbeat.
Check out @onceuponatime's reply above
One of the biggest opportunities for all cryptocurrencies is liquidity and ease of use. It's wrinkles like the one that you experienced that will need to be ironed out before crypto can really become mainstream.
I have hope, but the sooner these problems are resolved, the better. Cheers! Enjoy your skiing and the holidays!
DEX ! Is the way and the only way to go for now it seems! I will look more into BTS! I already have my open ledger portfolio
LOL... In the unregulated landscape of CryptoSpace anything goes! From scamming, to insider trading, to a halt to trading... euh... that is the same in teh other world, the "real one" so to speak. Ah well, you can go on your vacation anyways, all good :) Enjoy!
Thanks to other coins I sold just before they all went down but it takes Coinbase way too long to send my Fiat currency.
I am planning to buy gold online in the future with my coins and learn how to use bitshares ( DEX) I am done with those damn centralized criminal Exchange places. Did you read about Bitfinex? They might freeze our accounts if we don’t verify it. Taxes are chasing all of us soon
thats a good news for us
Thank you for the interesting article. I also consider Steem - its main currency.
Your article confirms how important it is to have access to information as early as possible. Good luck to you and good.
as said above
I am sorry your plans were ruined!!! This really is the irritating thing about cryptos.
thieves :) but hey maybe it goes up twice as high now. Nice to hear from you again. Hope all is good.
unfortunate :(
Hope you enjoy your holidays anyway!
Maybe good to HODL anyways :) I will have a great time indeed. True mich schon aufs Rodeln. Schifahren ist eh nix mehr fuel mich. war schon fast 30 Jahre nicht mehr.
Zerst HODLn dann rodln xD War auch schon ewig nicht mehr, is auch aber teuer geworden :/
Na Gott Se Dank fuer STEEM & SBD :) Es kann gerodelt werden und wenn ich zurück komme ist es doppelt so viel wert. Hurrahhh
Hey @mammasitta, So sorry about you plan missing. As me coinbase wrong one and cannot accept mine. I studied it spend little bit time. But nice to studding more for give my opinion. However be cool and enjoy yourself.
A huge lesson!
Usually it’s good but This time they played very sleazy !
I was adviced to try Bitshares DEX
Cryptocurrency is what most merchant are using for transaction. BTC and ETH r really scaring me, I choose to relax and move with LTC, SBD and VTC...
Good move ! I do the same.
BTS !
Its a pity you also have learned a lesson which cost money... but at least you learned something.
Many had the same.. it doesn’t help, but......
Hope the coming Xmas period will bring many cryptos up, so that we all benefit.
STEEM is taking good care for us already.
We are at the right place but still >>>>>cashing out should be easier and fair
Merry Christmas!
This really is the irritating thing about cryptos.
Yes IT IS !
I wish you a very merry X mas as well !
I did not invest in Bitcoin cash especially it is so high now. If you have bought it earlier, holding it can be profitable like what the rest is saying since it is in Coinbase so already got a cushion for higher level. It could be a blessing rather than a loss.
I bought it at the very beginning. I believe in BCH ! I don't trust centralised exchanges anymore
Happy Holliday ibu.. Have some fun on the sky spot. chillingg out, who knows when you come. back onnline coinbase has sort your BCH problem. 😃😃😃
merry Christmast IBUU
Matur suksama! I am not going anywhere without my laptop . Hahaha
hahaha, I don't have any laptop yet, not very fond of it either.
have fun always ibu,
I'm sorry that happened to you. I've never used Coinbase so can't really speak to their practices. Large amounts of money always attract some shadies but in the long run the blockchain (and the people using it) should be able to help/reveal all of that as it gets refined and evolves. I think that's the purpose of it anyways. We will show that being legit pays more in the long run.
Don't bite the hand that feeds!
I repost this here again :
Get your open ledger! I am learning just intime!
Same here, steem is my favourite coin to hold. I'm also looking at Bitshares. It has a good potential.
Good choices! BTS & Steem will go a long way!
So sorry for the problem transferring your Bitcoin cash. I know you know that everything happens for a reason. Go and enjoy your trip and you will probably enjoy more of an increase in pay out later. Merry Christmas and stay safe.
Voila! I am not even sad because I have learnt my lesson that it’s best to use DEX !!! and nothing else.
This doesn't surprise me at all @mammasitta I gave up with coinbase, btw merry Chirstmas
sorry to hear about your difficulties.
Hodl BCH...you'll be fine
zz
Yeah I will hold now .....who knows, maybe there is a reason why it didn't work out
I had a bad feeling about bch so still is on my black list. Enjoy Italy and try sledge is cheaper and as fun as skiing :)
Thanks much ! Austria Tirol will be wonderful anyways.
Its not Bitcoin cash ...Coinbase is the problem it seems. Read the article...
I'm very sorry hear about missing your plans. Hope you well get soon.
HODL now. Enjoy yourself
OK I hold on tight . hahaha ....I will go to Tirol anyways :) Thanks to Steem & SBD . I need the holidays urgently!
Advance Marry Christmas @mammasitta
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I hate BCH with passion but i have to admit that thing made me a ton of money...
Upvoted!
That’s why I wanted to get rid of it at the peak of this season 🤣🤪
What you don’t hate ??
I think there are allot of things that aren't well explained about BCH and they are just leveraging their huge amount of power to try to destroy BTC!
Something fishy is going on for sure
This is the right thing, now we can enjoy the money from Steemit.
It’s looking really good so far ! I hope you invested enough 😉
2.3 BTC
That’s nice! Time to make more STEEM
Oh Mann das ist ja dumm gelaufen mit dem Verkauf ! Wünsche dir trotzdem einen schönen Urlaub !
PS : Kann es kaum erwarten, wenn du deine Posts auch auf Deutsch schreibst 🤪
coinbase is getting ridiculous. They blocked buying and selling on my account today and I missed the big crypto sale today with dollars idling in my coinbase account. I got pissed off and moved all my coins to binance.
Damn! I move to bitshares but need to learn more how this works. At least it’s not centralized. I lost a lot of money with this BCH BS they pulled the other day. I could have made lots of profit getting rid of that coin I don’t actually want
Great post @mammasitta
Nice topic sharing and great information
I like this post, thanks for sharing
very welcome . I hope you learn something
Don't worry @mammasitta, You can get you goal success.
I never worry :)
coinbase crashes always when in need
This time it was really tricky !
Its really excellent post.thanks for your beautiful post sharing us.upvote done.
Many thanks
nice post. my brthar i like post
i am a sisthaaarrrr :)
very well post good information thanks for shering @mammasita
bitcoin top level
I think you should stop posting the same words in every post. iTranslate helps to translate from your language to English or do it on google to make a valuable comment
thank you for helping. Forgive me will keep in mind form the future.
You are welcome but just be fair, serious and honest
It is very good read :) I hope soon you get more :)