Coinbase needs to go; if not away, under an sec microscope
Updated
Tired of watching prices follow coinbase down a rabbit hole???
Coinbase has widely abused it's users, with a "beginners" platform charging up to 4% interest in AND out, without so much as letting customers know that "Coinbase Pro" exists, let alone at a completely dissimilar website known as gdax.com , where the maker/taker model exists. Worse yet, Coinbase is not even a direct conduit to coins or tokens, it is a middleman service.
I once telephoned their customer service line to ask them precisely what aggregation means in the esoteric context of coinbase , and nobody there could properly explain it to me.
People who know more than I have been outspoken, calling it "insider based trading trash," without so much as a rebuttal let alone a suit for Libel, because it is not Libel.
If you are bored , add any of their supported coins to your tradingview , and witness the unique bids and asks, displayed in the form of multipliers that more often than not do not make any sense.
Their "pro" platform does not even offer any tools beyond two overlays, ema 12 and 26. Complete Garbage. Where is the ADX/DMS, Ease of movement, Elder Ray, Elder Fischer transform ; where are the fractal analysis tools??? Where is the Coppock curve , where is the volume underlay , any of the oscillators???
Is it their goal to have their users fly blindly into whatever they do??
4%, before elective wavers makes profit in a bear and or sideways market VERY difficult.
Remember when a coinbase listing would cause a currency to rise? That was odd to say the least.
What coinbase will do, Coinbase will do - and they are not the largest , but by many metrics the most popular site for crypto. Is it any wonder the market has suffered under their stewardship??
I am not for regulation. I am for decentralization , and Coinbase is NOT decentralized. It is perhaps the least private platform there is.
I know U.S. based investors who use it only as a means to ferry money to and from their bank accounts. Apparently many of their products, in the form they are offered , have some deficiency in the WAY they are offered; being that according to my own research there are certain States in the U.S. where you cannot access half of their "offerings."
Why is a middleman site so popular???
If you are using coinbase you are being used. "Aggregation," as it exists on their pro platform, and likely on their base platform only without notification, cannot even be completely turned off. I believe it to be their practice of saving money on their own end by making purchases in a group fashion, so as to save THEM money.
And to you short sellers out there - I get it, 2018; but you are letting YOURSELVES down.
F.O.M.O. has given way to FEAR , UNCERTAINTY and DOUBT.
I always end my writing with Latin, usually FORTIS FORTUNA ADIUVAT : today I will translate it - FORTUNE favors the BRAVE.
Coinbase has widely abused it's users, with a "beginners" platform charging up to 4% interest in AND out, without so much as letting customers know that "Coinbase Pro" exists, let alone at a completely dissimilar website known as gdax.com , where the maker/taker model exists. Worse yet, Coinbase is not even a direct conduit to coins or tokens, it is a middleman service.
I once telephoned their customer service line to ask them precisely what aggregation means in the esoteric context of coinbase , and nobody there could properly explain it to me.
People who know more than I have been outspoken, calling it "insider based trading trash," without so much as a rebuttal let alone a suit for Libel, because it is not Libel.
If you are bored , add any of their supported coins to your tradingview , and witness the unique bids and asks, displayed in the form of multipliers that more often than not do not make any sense.
Their "pro" platform does not even offer any tools beyond two overlays, ema 12 and 26. Complete Garbage. Where is the ADX/DMS, Ease of movement, Elder Ray, Elder Fischer transform ; where are the fractal analysis tools??? Where is the Coppock curve , where is the volume underlay , any of the oscillators???
Is it their goal to have their users fly blindly into whatever they do??
4%, before elective wavers makes profit in a bear and or sideways market VERY difficult.
Remember when a coinbase listing would cause a currency to rise? That was odd to say the least.
What coinbase will do, Coinbase will do - and they are not the largest , but by many metrics the most popular site for crypto. Is it any wonder the market has suffered under their stewardship??
I am not for regulation. I am for decentralization , and Coinbase is NOT decentralized. It is perhaps the least private platform there is.
I know U.S. based investors who use it only as a means to ferry money to and from their bank accounts. Apparently many of their products, in the form they are offered , have some deficiency in the WAY they are offered; being that according to my own research there are certain States in the U.S. where you cannot access half of their "offerings."
Why is a middleman site so popular???
If you are using coinbase you are being used. "Aggregation," as it exists on their pro platform, and likely on their base platform only without notification, cannot even be completely turned off. I believe it to be their practice of saving money on their own end by making purchases in a group fashion, so as to save THEM money.
And to you short sellers out there - I get it, 2018; but you are letting YOURSELVES down.
F.O.M.O. has given way to FEAR , UNCERTAINTY and DOUBT.
I always end my writing with Latin, usually FORTIS FORTUNA ADIUVAT : today I will translate it - FORTUNE favors the BRAVE.
Note
And confluence detectors are b.s. :)
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