Popular Bitcoin buying and selling center Coinbase has apparently halted Bitcoin buys for the day due to overwhelming demand, according to a Reddit user. The company states the following on their website.
Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.
Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Friday Nov 22, 2013 at 07:56AM PST.
Note that you can cancel your order at any time up until your bitcoin arrive from the transfer history page.
The market price of bitcoin changes frequently. Below are some recent prices to give you an idea. These do not guarantee what the price will be in a few days.
Some theorize that Coinbase has run out of money to buy additional Bitcoin for their users due to the lack of sell orders they are receiving. Whatever the case, buying will resume soon. If you’re getting the message, you may be able to try again later, and maybe Coinbase will have BTC available for purchase.