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A comment on Coinbase is experiencing connectivity issues. Parent comment

Re:Coinbase is experiencing connectivity issues by capableweb on Thursday January 07, 2021 @11:15AM (#25672790)
Usually Coinbase goes down when the price goes down, not up. Probably because a ton of people are trying to sell their bitcoins as soon as the price starts walking downwards.
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Re:Coinbase is experiencing connectivity issues by xiphias2 on Thursday January 07, 2021 @11:21AM (#25672917)
It goes down in both directions :)

The big difference is now they have lots of competition in US.

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Re:Coinbase is experiencing connectivity issues by segfaultbuserr on Thursday January 07, 2021 @11:42AM (#25673299)
An old joke among Bitcoin speculators was "All technical analysis in a nutshell is basically: Bitcoin may go down, but Bitcoin may also go up. Time to add a new punchline: On the other hand, we're all sure that Coinbase always goes down.
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Re:Coinbase is experiencing connectivity issues by SilasX on Thursday January 07, 2021 @11:37AM (#25673210)
Yeah it seems to be more an issue of volume than the price direction.
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Re:Coinbase is experiencing connectivity issues by hndudette2 on Thursday January 07, 2021 @11:46AM (#25673370)
Bitcoin is one of the rare instruments with inverted skew in its options i.e. volatility is higher when the price is going up. So we would expect outages to be more correlated with price increases than decreases.
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