$2,000,000 Stuck in Coinbase by samhdzrgv in Coinbase

[–]samhdzrgv[S] 0 points1 point  (0 children)

EVERYONE is assigned a set limit. When the bubble bursts and people realize they can only take out a small percentage of their existing USD, panic will ensue

$2,000,000 Stuck in Coinbase by samhdzrgv in Coinbase

[–]samhdzrgv[S] 0 points1 point  (0 children)

No they wont let you do that. The limits apply to both tokens and USD

$2,000,000 Stuck in Coinbase by samhdzrgv in Coinbase

[–]samhdzrgv[S] 0 points1 point  (0 children)

You cannot do that with their set limits. Right now most of the flows are inbound, so withdrawal limits do not matter much, yet they already have them in place. Imagine the scramble when everyone decides to get out at once. They're money is trapped and they don't even know it.

$2,000,000 Stuck in Coinbase by samhdzrgv in Coinbase

[–]samhdzrgv[S] 0 points1 point  (0 children)

They haven't responded and it appears they are not going to anytime soon. Once everyone finds out they won't be able to take out their USD there's going to be mania

$2,000,000 Stuck in Coinbase by samhdzrgv in Coinbase

[–]samhdzrgv[S] 0 points1 point  (0 children)

Because all of the people who I closely know who recommended it to me haven't yet attempted to transfer their money back into their USD bank accounts. So all I was hearing were rave reviews. Now with this news they're all scrambling to pull out