The US based Bitcoin and Ethereum exchange, Coinbase will support more cryptocurrencies in 2017.And this is the type of money you will probably never even hold in your hand.This process of automatic liquidation is what caused these very low sells.The price dropping from 300 to below 20 dollars and closing all open buy margin trades is a glitch.This was optionshouse, not e-trade, though I guess now they are one in the same.Whole financial companies can be wiped-out in a day if they are not managing their risks.
r/litecoin on Imgur
Much can happen in the cryptocurrency scene in a matter of days.
If you have a Coinbase account you can easily begin trading on GDAX.I cannot log into my GDAX where I have funds for over a month now.If you have a Coinbase account you can easily begin trading on GDAX (previously known as Coinbase.
Page after page of people unable to access their accounts, weeks or months with no response from support.With that being the case, the account inaccessible, the funds should have been frozen.Probably so awful I would write negative comments to people giving sound concern because it builds a wall between myself and the person I know I should be.I understand the mechanics or what happened, and the reasoning behind it, but it was clearly due to a problem with GDAX processing the overall volume since the price rebounded so quickly.When I went back to it later, the site was still sluggish, I needed to re-log in, but after several refreshes it did come up.
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What they should have done is the same as they have done in the past, what all kinds of exchanges usually do in extreme situations.Just came back to my computer and see that my trade triggered and then I got margin called on the whole trade because the price of Ether dropped to less than 30 dollars.
Anybody who had bought ETH on that dip in GDAX is now finding their balance reversed to normal.If their system had a technical issue, it should have suspended trades and frozen accounts.Had there simply been a delay with transactions being slowed but accounts accessible, I probably would have sold at a loss, enough to at least cover margin.Margin trading is a risk, but maintaining GDAX is the responsiblity of Coinbase.Coinbase review: is it a safe site to buy. take to complaining on forums including reddit. this (March 2017) GDAX daily volume represents 15% of.Coinbase and GDAX will offer Bitcoin Cash withdrawals after all.
As such, Coinbase and GDAX stand alone in announcing they will not allow BCC withdrawals,.Bitcoin News: Coinbase and GDAX Will Add More Digital Currencies In 2017.Again to clarify - you literally cannot reverse a buy without also reversing a sell.
The caveat to that is this was very clearly a case of market manipulation with a 30million sell order.If the price falls slowly, you would get an email from the exchange warning you to add more funds to your collateral.In this situation simply doing nothing would have made you whole.Litecoin Rallies 25% On Coinbase: GDAX Listing. Litecoin opens up for trading on Coinbase GDAX and rallies more. the inclusion of the Litecoin TipBot for Reddit.I monitor GDAX, and watch charts compulsively, and have alerts set up to warn me of any large drops.
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As Bitcoin and Ethereum take a tumble, the spike in user traffic at both Coinbase and GDAX have resulted in outages and trading freezes respectively.
Coinbase has already added ether to GDAX and will be making it available on its retail site.If most people in such a thin market trade on leverage this absolutely can happen and some people even anticipated it.
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The 10k I lost is being returned and since ether went up 30 bucks since then, guess how much more money I have now.My understanding was they wanted to liquidate at any price and the huge supply on the market drove prices down until all the sales could get processed.There is also the added problem that GDAX made user accounts inaccessible - the website went down - while this occurred, and it was their own margin call system that caused the sale during that time.
Coinbase vs Gemini – CoinCentral
US based digital asset exchange with trading FIX API and REST API.
Coinbase and GDAX will not support Bitcoin hard fork. Reddit is killing off access to its main source code, because open source is bad for competition.How happy users will be largely depends on the price they will be able to sell their Bitcoin Cash at when withdrawals are finally available on Coinbase and GDAX.
GDAX | API Reference
On 21 June 2017 at 12:30pm PT, a multimillion dollar market sell was placed on the GDAX ETH-USD order book.It is not entirely surprising this method involves two exchange platforms which do not support Ethereum Classic at this stage. Reddit.
Gdax vs Coinbase vs Gemini | 247 BTC
The easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.There will always be the possibility that the orderbooks get wiped out from manipulation, but since they offer margin, the onus is on GDAX to mitigate unfair liquidation in the face of extreme price swings.The whole point of a trader taking on margin risk is. that the trader get extra gains when things go well and the trader loses when things go sideways.
For general questions and conversation and visit our Community.I was at my PC the whole time, have alerts for drops set up. website was completely unresponsive.Back in 2011 I was liquidated on Forex (on one of the largest exchange) in a similar way.Same thing happened to Gemini a while back, here is their response.Coinbase Review: Is Coinbase a Safe. (Reddit Co-Founder), Bank Of Tokyo, Blockchain Capital,.The Coinbase cryptocurrency exchange has decided to work on adding support for bitcoin cash (BCH) by January 1, 2018.