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RE: Coinbase is DOWN: why you should be scared if you have a lot of funds
The exchanges are like our local banks. Why do we think that we matter to them? I walked in to my local Compass bank and asked to take $11,000 out of my checking and they looked at me like I had two heads. "we don't have that kind of currency here." Why do you think they have withdraw limits but your buy limits can get increased?
Good post harpoorer!!!
VERY true, you can deposit ALL the cash you want, but they always seem to have some red tape for you if you wanna pull money OUT of the system. Now imagine what will happen in the world when this sh!t starts happening in the good ol' US DOLLAR someday!? Remember in 2009 you had to make an appointment a week in advance to yank $10,000 out of cruddy Wells Fargo (or is it FEE-go?).
Just make sure you have your gold and silver in a credit union or private storage lock box and some dug deep in a hole in your yard. A few thousand in soon to be worthless $bills, also.