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[AudraMiller]

Coinbase is one of the most popular wallets that is used for bitcoin in terms of its storage and also for exchanges between other coins, however the company did not plan for the excessively high number of transaction that are taking place with bitcoin as the price nears 17000 dollars.

This however, is now the first time that Coinbase has been down this year, as a result of these excessively high traffic on the blockchain network. A similar incident occurred late last month, on the 27th of October. And whilst the company has said that they will investigate this and revert back to their customers so that this does not happen in the future, the truth of the matter is that those that are involved with trading could have made some major profit during the offline time.

Do you think that maybe it is time for these users to change from coinbase to another wallet/exchange? Or do you think that coinbase will soon be back on track? Let me know what you think below. Thanks.

 

[Wisdom01]

I think if they are going offline multiple times ,users might start to lose interest in the site so they should better do something real quick about it, unless they might lose more users

 

[Reznov]

maybe it's time for them to upgrade their setup , because that much of transaction is a serious matter and a website like that shouldn't go down in serious times

 

[BullyMaguire]

Not gonna be good for them, imagine Bitcoin getting a high price and their users are doing a lot of transactions at the moment.. probably rushing to sell their coins. Then they go offline. Making them unable to do so and the price of Btc drops.

 

[Niftyicon]

That is really a huge issue for such a reputable site. These are things that should have been anticipated so as not to cause disappointments for users. I hope they get things back online soonest.

 

[luanbryanrocks]

I don't use Coinbase, but it's a signal of alarm to other BTC sites.

 

[achawaskey]

They should upgrade to accommodate the large volume of trade that is going on. But going off and coming back will lead to their customers losing interest on them.

 

[Brain]

I think if they are going offline multiple times ,users might start to lose interest in the site so they should better do something real quick about it, unless they might lose more users

This is exactly I envisage what will happen if they do not offer quick solution to this problem. People will not wait for them at all then to move

 

[Wisdom01]

This is exactly I envisage what will happen if they do not offer quick solution to this problem. People will not wait for them at all then to move

Sure most especially during this period when there are other better exchange wallet ,so people would not necessarily wait for them that's just it

 

[Niftyicon]

I have received btc on coinbase yesterday without any issues though I didn't try to send. Probably things are back to normal now.

 

[sixseight]

Cant keep up the traffic, why are they not expecting that this could happen after days of Bitcoin price surging, they could prevent this from happening if they upgrade their server the moment traffic is increasing.

 

[Mariappa45]

I know this post have taking some time now.
The load back then was too much on them to process the coins which users flossed in their platform that caused them to go partial offline due to the fact, their server is highly congested too.

 

[AudraMiller]

I know this post have taking some time now.
The load back then was too much on them to process the coins which users flossed in their platform that caused them to go partial offline due to the fact, their server is highly congested too.

This was the case, however when it comes to cryptocurrency trading time is off the essence and a delay like this can result in major losses in a coin if you don't selll or buy at the right time.

 

[Mariappa45]

This was the case, however when it comes to cryptocurrency trading time is off the essence and a delay like this can result in major losses in a coin if you don't selll or buy at the right time.

Yes, that's why exchange sites, wallets should always make the platform to run swiftly and process coins without obscurity. Because it frustrates, when your coin is facing enough delay during processing.

 

[Josemendez]

It is normal for cryptocurrency related sites especially exchanges to go offline due to high traffic. They need to strengthen their serve to accommodate the traffic

 

[ahsan510]

Coinbase need to upgrade their services if they want to carry on. Their are so mamy wallets and blockchain working on. Bitcoin prices will keep rising and investors keep investing in it and time for coinbase to improve their setup and update their system.