A Lesson for Every Startup from Bitcoin's 2017 Outage
In December 2017, significant declines were recorded on the exchange rate of the world’s most popular digital currency—Bitcoin. Investors who wanted to sell their currencies quickly, for fear of further declines, turned to the biggest cryptocurrency stock exchange, known as Coinbase. At Coinbase, they did not seem stressed. Their service was unavailable for several hours, and investors switched to selling their Bitcoins on other exchanges.