In a new blog post, GDAX general manager Adam White said that,.Lifetime Parts Warranty on Desktop Computers and hand-built for PC gamers.Bitcoin trading volumes at GDAX appear to have significantly fallen today as bitcoiners prepare for the August 1st hardfork.Coinbase has been designed from the ground up to to provide the best possible digital money.
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The reason for renaming Coinbase Exchange to GDAX while keeping the Coinbase wallet platform intact is to.US based digital asset exchange with trading FIX API and REST API.
However I would say due to the website down, Coinbase is liable.
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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.
Both projects are partial of a same overarching team, nonetheless they support to really.We understand this event can be frustrating for our customers.I would be surprised if they were orchestrating these crashes themselves, but it appears they condone users manipulating like this and raking in the profits.However, automatic liquidation occurs if the value of this portfolio gets too low.
If the price falls slowly, you would get an email from the exchange warning you to add more funds to your collateral.The process of scouring the web for information first led to reddit where the general advice was that moving the unsplit token.I also had no access to GDAX, and certainly would have sold if I saw such a steep drop in progress.Instantaneous flash crashes of 99% have happened several times according to the charts and reddit posts.Unfortunately none of that helped since the website became completely unresponsive, and coinbase went down as well.Buying and selling through coinbase main site costs much more.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.The easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.
We believe the more reddit can be user-supported, the freer we will be to make reddit the.When I came back, my margin amount was zero, and I had the following transactions under fills.If they did not, and the crash turned out to be long term, they would have allowed traders accounts to go deeply negative.FORTUNE may receive compensation for some links to products and services.Anyone know how long it might take GDAX to return ETH to my account after a failed transfer.
Sorry for your loss, hopefully you will learn from this and stay away from margin trading in the future, and may this be a warning to others.Price manipulation by whales also happens quite a bit, especially in coins with lower market value.For more Coinbase News visit our blog and follow us on twitter.
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Bottom line is, as I see it, with the website being down, no transactions should have taken place during that time.
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In a way if you put a margin on and walk away- then your at risk. Yes. How about if your casually putting in some trades and just before you have your full stop loss in site in totally down and unresponsive.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.
Ethereum (ETH) price, charts, market cap, and other
If it swings 10% a second time somehow (which would be unlikely, since people are already getting a great deal), circuit breaker again, 5 minute halt, continue.Litecoin Rallies 25% On Coinbase: GDAX Listing. Aug 25,. If LTC has reached GDAX,. the inclusion of the Litecoin TipBot for Reddit.
Returning judges include...As many know Coblee announced LTC would be coming to the Gdax.Read the most important product reviews and follow the tech news and more.Poor people sit there and try to save every dollar while the rich go out and make their money work for them.GDAX, the cryptocurrency exchange operated by Coinbase, has announced that it will launch support for Bitcoin Cash.
It was a glitch in their system as any person with common sense might figure out (when a price drops from 300 to 15 dollars in 3 seconds and rebounds back).For general questions and conversation and visit our Community.
Flash Crash: Ethereum Price Flattens Before Resurfacing
GDAX would not load fully on multiple PCs, and when it finally did, I had to re-login.
By now most of you have heard about the GDAX flash crash on the.
$DAX – NorthmanTrader
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.
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Bitcoin News: GDAX Exchange to Reimburse Traders After Ether Flash Crash.
Coinbase Exchange to Rebrand Following Ethereum Trading
Very similar manipulation happenned 1.5month ago on Kraken, many people were liquidated.
If there are a sufficient amount of stop loss orders and margin traders he could get back all the ETH he initially sold at very cheap prices.
For me the website became completely unresponsive at 3:34pm EST.Get traffic statistics, rank by category and country, engagement metrics and demographics for Gdax at Alexa.
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Whole financial companies can be wiped-out in a day if they are not managing their risks.I do not believe they should instantly liquidate your holdings in a margin call.
Coinbase vs GDAX - The Bitcoin News - Leading Bitcoin and
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.I monitor GDAX almost continuously, but it because it was unresponsive earlier, and Coinbase returned an under maintenance message, closed the window and went on with my day.
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Cryptocurrency exchange to credit traders for ethereum
This process of automatic liquidation is what caused these very low sells.