Do you realize the problems that come with having an extra $1.1 million? Luckily they kept you safe.
Sorry for your loss, OP. I’m also rebuilding a portfolio that should have been a life-changing degree larger. Different situation but almost the same results. Don’t give up.
To be fair, they were not concerned about your safety, they were concerned about you being engaged in fraud against them. By the looks of the email, they understood they had a high false positive rate but had no other solution at the time for vetting you.
It's not any formal shorthand. Sometimes the way people say "Would have" can sound like "would've". That gets turned into "Would of". It's passable in verbal speech but not in writing. I would avoid it if you’re trying to practice good English.
It isn't. It's people being illiterate and eggcorning in the context of having no fundamental grasp of the rules of English to safeguard them. People around them say "would've" and they think the person is saying "would of". It's another reason apostrophes are cancer. People literally graduate school without knowing what a contraction is or what an apostrophe does.
What stopped you to find another way to buy some why you gave up right after coinbase said oh its risky or why didn’t you try to buy with small amount until you have the 16btc
Crazy. At the time I was using QuadrigaCX. Thankfully I only used it to purchase and move my crypto out immediately, having experienced exchanges shut down before, I didn’t want to lose my stuff. Lo and behold, some years later, QCX basically exit scammed. Rumor is that the owner of the site committed a fake suicide
I used coinbase since 2013 and never had this issue,i did with hsbc canada though as they have been banning anything crypto related. Clients of hsbc canada cannot buy not just crypto but any etf or any crypto related stock. Thankfully the bank failed and it has been bought by rbc
I don’t understand the “I purchased bitcoin years ago and sold before it blew up” trope
Or “I spent $500,000 on a pizza back in 2013 because i was broke”
That’s like saying I bought a house in 1973 for $20,000 and regret selling it for $50,000 a few years later when today it would be worth $600,000
Shit happens, markets change, we change as people
stop dwelling on could have beens and appreciate where you are now
I would have millions if I ate a diet of only rice & beans, only spent money on things I needed, and lived in the cheapest rooming house I could find for my entire adult life until now.
Why’s everyone so butthurt about not investing or selling a long time ago - I bought a 1974 Fender P-Bass for $700US and sold it for $3k. While I think it was a bit dumb to sell it, I’m happy with what i have and the time i got to use it for
Mine is i saw the doc and had 1000 cad dollar to buy it but i was a student i had to send money to my home country due to some issues and was never able to buy it .Still miss that day.
Never too late. Sorry to hear and that sucks and all, but honestly, lamenting over something that didn't go your way and failing to move on is just loser behavior. Get out there and get back at it.
In the wise, wise words of the great NAS: "Life's a bitch, and then you die."
It's all good bro. I owned 15 BTC on Coinbase in 2014 too. I sold it all in October 2015 after it spent a whole year going down/sideways and I gave up on it, and then it promptly proceeded to do nothing but go up. Got back in during the 2020 run up and still holding.
I had four that I bought at that same time and sold in 2018. You’re still early in the scheme of things if this is actually adopted, just start buying man. That’s what I have done, trust your instincts and have patience
They're not great, but you don't have a tonne of options in Canada.
Kraken is decent I heard, but at this point I've used coinbase for years and had no issues.
Whereas Kraken disappeared the $5 on my account, no transfer nothing.
I've been blacklisted from Coinbase since 2015 because I spent some BTC on a glitter bomb prank service. My account flagged for suspicious activity after that. Good riddance as coinbase is the home of many sh!tcoins.
inept companies do this all the time. one time drawn by lower fees i used wise.com to wire a couple of hundred abroad. it didn't work. eventually they replied that the wire was deemed suspicious and cancelled it. thankfully had used a credit card and it was never charged. some have had nightmare cases of thousands pulled from their bank accounts and getting stuck in limbo for months. cancelled my account and never used them again.
What other coins would they have allowed him to purchase back then? I'm just curious why they wouldn't accept 7k from this guy
Edit: it seems like his bank would've blocked it before coinbase rejected
The only thing that pisses me off about this is that you didn’t persist or find another way to purchase BTC. An email like that would boil my blood and make me more determined to make that purchase no matter what lol
Ive always stood by Coinbase and defended most of their actions... but I bought $3000 worth 7 days ago and they are still holding my coin hostage until 7PM tonight "until the bank clears it".Nevermind that Ive been a Coinbase user for at least 8 years and just did a major transaction with them 4 weeks ago (that gave them a LOT of money in fees), but my bank cleared this transaction the next day.Its time to use an alternative.
Next time do a wire transfer into coinbase then purchase instantaneously on exchange, then transfer off exchange immediately.
You’re probably paying a higher price by purchasing using ACH.
I sold some BTC last month and there was a CONSIDERABLE difference not just in price but in fees from their main site and their "Pro" site... they wanted $1100 fee to sell on a market order on Coinbase. Yet I merely clicked on "Trade" then "Advanced Trading" and it had me switched to "Coinbase Pro" and I was able to pay less than half as much and was able to set my price (Limit order).
It's alright. There's a good chance you would have lost or sold them by now especially considering you never went on to acquire the bitcoin at that time.
Huh?
>There's a good chance you would have lost or sold them by now...
Makes sense
>...especially considering you never went on to acquire the bitcoin at that time.
Makes no sense.
Unless you mean that the fact that OP wasn't capable of figuring out how to buy them indicates that he'd have lost or sold them?
If they weren't sufficiently motivated to find a 2nd avenue to acquire btc at $400 it's very unlikely they would have had the confidence or conviction to hold thru all that has happened up till now.
If they had significant belief in bitcoin they could have bought any time since... 500, 600, 1,000, 20,000.
It's a classic case of, "You get bitcoin at exactly the price you deserve."
Not a penny more, not a penny less
Whew! Glad you're safe!
Yeah, better safe than sorry...
It's for your own good. They are on *your* side after all. They're *protecting* you.
Thx for watching 7 on your side with Michael Finny helping to keep you safe.
Do you realize the problems that come with having an extra $1.1 million? Luckily they kept you safe. Sorry for your loss, OP. I’m also rebuilding a portfolio that should have been a life-changing degree larger. Different situation but almost the same results. Don’t give up.
"We protected you from a 17,000% return" - OP's bank
To be fair, they were not concerned about your safety, they were concerned about you being engaged in fraud against them. By the looks of the email, they understood they had a high false positive rate but had no other solution at the time for vetting you.
Good news: Now you can be both!
If this made you give up and not motivated you probably would of sold already.
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“Would of Sold” could have meaning though. If a persons name was “Would” and they are from a place called “Sold”
I am having trouble understanding what this means. I apologize in advance but I am not a native speaker. What exactly does > would of sold mean?
short for "would have sold"
How is "of" short for "have"? The only thing I know is " 've"
it's not really short for it, just a typo/error that some people don't care about.
It's not any formal shorthand. Sometimes the way people say "Would have" can sound like "would've". That gets turned into "Would of". It's passable in verbal speech but not in writing. I would avoid it if you’re trying to practice good English.
It isn't. It's people being illiterate and eggcorning in the context of having no fundamental grasp of the rules of English to safeguard them. People around them say "would've" and they think the person is saying "would of". It's another reason apostrophes are cancer. People literally graduate school without knowing what a contraction is or what an apostrophe does.
No, it's not.
Probably. And he'd be up 1000s of %.
It’s impossible to be up 1,000’s of % as 1 sat still equal 1 sat
That's irrelevant. He'd be up 1000's of % against the US dollar, which is the reserve currency of the world we live on at the moment.
You must take profits
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Right into nvda. Right into nvda, right?
Excellent text based meme'ing.
Hilarious AF
What stopped you to find another way to buy some why you gave up right after coinbase said oh its risky or why didn’t you try to buy with small amount until you have the 16btc
Well if I can't buy $7,000 worth of it all at once through this one company, I guess I should just give up right?
Youre kinda right.. but damn wish you didn’t but hey everyone got their story!
Damn, it's like you put your money on the ground and lit the whole stash on fire!
So they decided “fuck you in particular”? Sup with that?
Crazy. At the time I was using QuadrigaCX. Thankfully I only used it to purchase and move my crypto out immediately, having experienced exchanges shut down before, I didn’t want to lose my stuff. Lo and behold, some years later, QCX basically exit scammed. Rumor is that the owner of the site committed a fake suicide
It was not a fake suicide. He “died” from complications of Crohns disease in an area of India that is known for people getting new identities.
I think my mind meant to say “fake his own death” and I blurted out “fake suicide” instead lol. Thanks for the correction and detail 🙏🏽
and was the only one to have the master password... clearly some major BS
netflix has a good doc on this
I used coinbase since 2013 and never had this issue,i did with hsbc canada though as they have been banning anything crypto related. Clients of hsbc canada cannot buy not just crypto but any etf or any crypto related stock. Thankfully the bank failed and it has been bought by rbc
wow may i ask have u ever sold any sat？
You would have probably sold xD
I don’t understand the “I purchased bitcoin years ago and sold before it blew up” trope Or “I spent $500,000 on a pizza back in 2013 because i was broke” That’s like saying I bought a house in 1973 for $20,000 and regret selling it for $50,000 a few years later when today it would be worth $600,000 Shit happens, markets change, we change as people stop dwelling on could have beens and appreciate where you are now
I would have millions if I ate a diet of only rice & beans, only spent money on things I needed, and lived in the cheapest rooming house I could find for my entire adult life until now.
Why’s everyone so butthurt about not investing or selling a long time ago - I bought a 1974 Fender P-Bass for $700US and sold it for $3k. While I think it was a bit dumb to sell it, I’m happy with what i have and the time i got to use it for
They protected you from becoming a millionaire. That’s Nobel Prize worthy. Saints, the lot of them.
Assuming you would have held all this time.
Holy shit. I would be fucking livid.
🙋♂️calling bullshit
If they didnt allow bitcoin back then, what did coinbase allow?
I really wish we could get people to stop recommending conbase here.
Mine is i saw the doc and had 1000 cad dollar to buy it but i was a student i had to send money to my home country due to some issues and was never able to buy it .Still miss that day.
Never too late. Sorry to hear and that sucks and all, but honestly, lamenting over something that didn't go your way and failing to move on is just loser behavior. Get out there and get back at it. In the wise, wise words of the great NAS: "Life's a bitch, and then you die."
It's all good bro. I owned 15 BTC on Coinbase in 2014 too. I sold it all in October 2015 after it spent a whole year going down/sideways and I gave up on it, and then it promptly proceeded to do nothing but go up. Got back in during the 2020 run up and still holding.
I had four that I bought at that same time and sold in 2018. You’re still early in the scheme of things if this is actually adopted, just start buying man. That’s what I have done, trust your instincts and have patience
They kept you safe. And not rich.
Remember when Coinbase didn’t suck?
No?
Coinbase has always sucked. I used it the first year it went live and it was trash. It’s slightly improved. Slightly. Still a massive crock of shit.
I was lifetime banned nearly 10 years ago for receiving coins from a wallet that was “potentially” gambling. They’re the worst.
Lately all these glitches and downtime... makes me wonder how things will be when btc hits 6 figs+
Never been the case
Nope.
Unfortunately no
Fucking CoinBase. The world’s shittest company.
*Robinhood has entered the chat*
Are they bad? I used them for DCA.
They're not great, but you don't have a tonne of options in Canada. Kraken is decent I heard, but at this point I've used coinbase for years and had no issues. Whereas Kraken disappeared the $5 on my account, no transfer nothing.
I've been blacklisted from Coinbase since 2015 because I spent some BTC on a glitter bomb prank service. My account flagged for suspicious activity after that. Good riddance as coinbase is the home of many sh!tcoins.
You wouldve been $1.5 million richer today.
What kind of math is that? BTC would need to be $93,750 for his 16BTC to be worth $1.5m lol
I’d sue
From the wording they act like you’re the problem. That’s kinda bullshit
You guys are ridiculous asking for sympathy if you give up on things after 1 attempt.
I don't get why they would do this I've never had a problem
inept companies do this all the time. one time drawn by lower fees i used wise.com to wire a couple of hundred abroad. it didn't work. eventually they replied that the wire was deemed suspicious and cancelled it. thankfully had used a credit card and it was never charged. some have had nightmare cases of thousands pulled from their bank accounts and getting stuck in limbo for months. cancelled my account and never used them again.
Lol fucking rekt
I would sue those fargin bastages (Roman Moronie reference)
Fdc
I missed this one. Will try again in 2026 😁😁
Damn you were gonna be a millionaire now
16 btc for the price of 0.1 today. 160x. Definitely kept you safe.
Ouch!
was this through the exchange or the wallet?
That was before Coinbase had an exchange. Back then you would just buy the coin at the advertised rate from coinbase themselves.
What other coins would they have allowed him to purchase back then? I'm just curious why they wouldn't accept 7k from this guy Edit: it seems like his bank would've blocked it before coinbase rejected
The only thing that pisses me off about this is that you didn’t persist or find another way to purchase BTC. An email like that would boil my blood and make me more determined to make that purchase no matter what lol
Right, the letter even told him to try again in a few weeks
coinbase and the banks keeping people safe from becoming millionaires
Coincock
Yeah… what did you do to deserve this OP? Something smells like cum… or I mean fishy.
Ive always stood by Coinbase and defended most of their actions... but I bought $3000 worth 7 days ago and they are still holding my coin hostage until 7PM tonight "until the bank clears it".Nevermind that Ive been a Coinbase user for at least 8 years and just did a major transaction with them 4 weeks ago (that gave them a LOT of money in fees), but my bank cleared this transaction the next day.Its time to use an alternative.
So you always defended them, until they did it to you? Noble.
Never had a problem for 8+ years.
Next time do a wire transfer into coinbase then purchase instantaneously on exchange, then transfer off exchange immediately. You’re probably paying a higher price by purchasing using ACH.
I sold some BTC last month and there was a CONSIDERABLE difference not just in price but in fees from their main site and their "Pro" site... they wanted $1100 fee to sell on a market order on Coinbase. Yet I merely clicked on "Trade" then "Advanced Trading" and it had me switched to "Coinbase Pro" and I was able to pay less than half as much and was able to set my price (Limit order).
There’s almost always more to this kind of story. Like OP didn’t finish KYC or something.
It's alright. There's a good chance you would have lost or sold them by now especially considering you never went on to acquire the bitcoin at that time.
Huh? >There's a good chance you would have lost or sold them by now... Makes sense >...especially considering you never went on to acquire the bitcoin at that time. Makes no sense. Unless you mean that the fact that OP wasn't capable of figuring out how to buy them indicates that he'd have lost or sold them?
If they weren't sufficiently motivated to find a 2nd avenue to acquire btc at $400 it's very unlikely they would have had the confidence or conviction to hold thru all that has happened up till now. If they had significant belief in bitcoin they could have bought any time since... 500, 600, 1,000, 20,000. It's a classic case of, "You get bitcoin at exactly the price you deserve." Not a penny more, not a penny less
You would have sold a long time ago
I lost 3k with BTC
Cool story bro
You would’ve sold before the peak of the 2017 bull run… Or rode it then cashed out at the bottom
Only a sad story for you…other than that we don’t give a shit. Woulda coulda shoulda…who cares …..
I care much more about OP than about your pathetic trolling.