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RE: BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating
I love Coinbase and it's simplicity for users to operate with but we need to find a way to provide it with better servers or limit the number of traders on his exchange.
Ethereum has such great technology behind it and it's unfortunate to see servers like Coinbase or even polo not able to handle the crazy amount of traffic. Puts a bad rep on not just the exchange but ethereum itself. Hopefully they figure out a solution!
This is part of the growth story. The fact that we're facing these overloads indicates there is a lot of room to grow and these are all temporary setbacks. I see it as a very positive signal for the mid to long term :)
Yes, because of these overloads about the ether began to think badly, and it fell in price: (
If Coinbase coud keep the site running when things get crazy I believe we wouldn't be having nearly as much bad press. However at the end of the day all the bad press in the world wont stop the blockchain revolution! Be prepared and don't forget about your precious metals for extra hedging!