Around June 14th bitcoin price jumped to 3,040+ then suddenly the next day dropped to 2,530 along with ethereum and other altcoins
later that day it had recovered back to 2,721 at the same time the drop occurs coinbase went offline
it's not the first time. it's been happening frequently now
as if this is their strategy to prevent users from buying on low prices.
soon as the price of BTC recovered coinsbase resumes working thought they claimed that the website was down due to high traffic and it was under maintenance.
yet this occurred again the same scenario last week when ETH drop to 13 USD
is coinbase reliable ? of course yes (from my point of view) its a legit business and offers great services & solutions world wide
now I totally understand that the website can get effected by the huge traffic driven by the massive prices changes
but the situation happening over and over again make us (coinbase) users wonder if this part of the business strategy ?!
I've been reading and noticing myself this from a while. It's very suspicious!
Imagine if they do it on purpose, would effect the markets very badly i think.
yes. i think a lot people gave up and are seeking other alternatives