Coinbase Bankruptcy

If you havent taken your crypto out of coinbase, you deserve everything thats about to happen.

  1. 3 weeks ago
    Anonymous

    What do you think is going to happen when Coinbase has to process billions of dollars in withdrawals at once? They don’t have any money

    • 3 weeks ago
      Anonymous

      [log in to view media]

      Its going to go bankrupt. Their stock has never exceeded the IPO price.

      20% down today.

      • 3 weeks ago
        Anonymous

        The price of the stock has nothing to do with it going "bankrupt". They have a book Value of 29.35, how do you see them going bankrupt? What would be the catalys for this in your mind?

      • 3 weeks ago
        Anonymous

        Today is the day to buy calls on COIN

    • 3 weeks ago
      Anonymous

      They literally had like 7 billion in casn on their balance sheet a quarter ago and don't spend any money, while making like 2% a transaction (they did 3 billion in volume the last 24 hours).

      You people are fucking retarded.

    • 3 weeks ago
      Anonymous

      >What do you think is going to happen when Coinbase has to process billions of dollars in withdrawals at once?
      They will make a bunch of money, because they charge fees. Why would they need cash to sell bitcoin, any ore than you need cash to sell botcoin. When they sell the botcoin, it turns into cash dummy. You don't need 25k in your bank account to sell 25k worth of bitcoin. What are you smoking.

    • 3 weeks ago
      Anonymous

      They're required to keep a reserve by FDIC and they in fact keep an excess. If suddenly everyone panic sells they'll shut off deposits and collect the massive fees from people hitting market sell. Coinbase isn't operated on a razor edge like a scam exchange which offers 20% interest on shit.

      • 3 weeks ago
        Anonymous

        [log in to view media]

        >wholy molly aggressive marketing genius Cormrbased

        • 3 weeks ago
          Anonymous

          [log in to view media]

          >Anyone not peddling my narrative is a shill
          Meds. Now.
          And full disclosure: I have all my coins in my own wallet because storing on exchanges is always for retards regardless of market conditions. However coinbase is extremely unlikely to go insolvent.

  2. 3 weeks ago
    Anonymous

    over 1 month old news
    homosexual

    • 3 weeks ago
      Anonymous

      >they tell you what’s about to happen
      >omg that’s one month ago
      Ngmi

  3. 3 weeks ago
    Anonymous

    god i wish coinbase would go bankrupt

  4. 3 weeks ago
    Anonymous

    What a big fud. Well, I'm not using coinbase to keep my crypto. Got my Lox on better ledger. I'm banking on their progress even in this dip

  5. 3 weeks ago
    Anonymous

    Is Coinbase wallet safu?
    Should I move my .03BTC there?

  6. 3 weeks ago
    Anonymous

    [log in to view media]

    when would be a good time to withdraw? and don't say today

    • 3 weeks ago
      Anonymous

      Before stock market open in 10 minutes.

    • 3 weeks ago
      Anonymous

      Now. RIGHT NOW. By the time they say shit like, "It could be unavailable for withdrawl." what they really mean is "By lunch time today withdrawing your money will be off the table. Thanks for playing."

    • 3 weeks ago
      Anonymous

      NOW!!! Dont wait until its too late!

    • 3 weeks ago
      Anonymous

      I just did it now.
      I didn't get into crypto to be a "general unsecured creditor" to a publicly traded company.

      If you havent taken your crypto out of coinbase, you deserve everything thats about to happen.

      Unironically, thanks for the heads up, Anon.

    • 3 weeks ago
      Anonymous

      Yesterday

    • 3 weeks ago
      Anonymous

      A month ago. Coinbase used to be infamous for halting trading during times of high volume like today, not sure if they still do that but any given exchange has a chance of having a Mt. Gox moment when times get tough.

  7. 3 weeks ago
    Anonymous

    I only keep 1000 LINK on there, should I be worried?

    • 3 weeks ago
      Anonymous

      No. They are going to go bankrupt. They have ober 4Bn in debt. They will not be able to make their debt payments if crypto keeps tanking.

      • 3 weeks ago
        Anonymous

        You're retarded I am looking at the financial statement right now, 21 billion in assets, 3.5 billion in debt

        • 3 weeks ago
          Anonymous

          >21bn in assets
          >crypto is tanking

          You dont see a problem?

          • 3 weeks ago
            Anonymous

            Wouldn't they just sell then?

      • 3 weeks ago
        Anonymous

        Their debt to equity ratio is 0.61. Why are you lying to people?

    • 3 weeks ago
      Anonymous

      Yea. Don’t worry though, I can keep them safe for you. Send them to my wallet and I’ll send you an IOU-better than money.

      • 3 weeks ago
        Anonymous

        [log in to view media]

        Oh my Lord, thank you so very very much good anon. Post addresses and on top of sending you my crypto for safeguarding I'll post a pie of any flavor you might favor.
        >southerner old lady here

    • 3 weeks ago
      Anonymous

      don't worry that link is gonna be worthless before they go bankrupt

  8. 3 weeks ago
    Anonymous

    Should I be worried about having my cash in crypto.com?

    • 3 weeks ago
      Anonymous

      Yes

  9. 3 weeks ago
    Anonymous

    They owe me card rewards for weeks and their support is completely useless. If they can't fix my $30 in card rewards I don't trust them with thousands in crypto.

  10. 3 weeks ago
    Anonymous

    I pulled out when they mandated KYC

  11. 3 weeks ago
    Anonymous

    ehh i was just investing in altcoins
    sitting on more than i previously did despite the bear market considering coins like CHER keep booming

  12. 3 weeks ago
    Anonymous

    [log in to view media]

    I accidentally scammed Coinbase out of 500$.
    >Be me Bought 500$ of tether
    >Convert to USDC for lower transfer fees
    >Had epiphany and I realized crypto was stupid
    >redeposited back to my bank account. >Lost my my credit card that day while moving out of state
    > Somehow they had never pulled out the initial 500$ from card on file before I reported my card as lost.
    >????
    500$ profit

  13. 3 weeks ago
    Anonymous

    Why do people think Coinbase is close to bankruptcy? They were a pretty safe choice for an exchange a year ago when I last used them.

  14. 3 weeks ago
    Anonymous

    NO I WANT MY GODDAMNED SPARK AIRDROP NO!!!!!

  15. 3 weeks ago
    Anonymous

    I CAN’T AFFORD GAS FEES

  16. 3 weeks ago
    Anonymous

    Coinbase and Kraken are the only one exchanges that are even remotely trustworthy, everyone else operates out of a mailbox

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