Fool me once shame on you, fool me 3x, I have to re-evaluate my life choices
I'm sure all of you crypto-heads are aware that Ethereum demand has been skyrocketing because of all the ICO activity. The ICOs are using ERC-20 tokens on the ethereum blockchain to run their ICO's. This has caused a massive bottkeneck on the ethereum blockchain and it all came to a head today. ETH crashed to $13 on gdax (coinbase exchange) and some people got screwed, others lucky.
Throughout this, coinbases server could not keep up with the panic selling and are once again down for the third time during major price declines. Honestly, shame on me for keeping any coins there after the first time it went down.
Today, once coinbase is back online, I will be moving my ETH and BTC over to a software wallet..Mist for ETH and bitcoin core for BTC.
I will also be applying for level 2 access to Kraken so i can make usd withdrawls and deposits. After I get all my coins out of there, I will be purchasing a hardware wallet. Most likely choice is a trezor, which stores BTC, LTC, ETH, DASH, and Zcash to name a few. Some other popular hardware wallets include keepsafe and nano ledger.
Coinbase support is completely awful and there is no use contacting them through social media because they will not reply in a timely manner. I have lost all confidence in Coinbase to maintain a safe and stable server that I can trust with my precious crypto and fiat.
Thanks for reading
