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?
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).
>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.
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.
>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.
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."
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.
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
They owe me card rewards for weeks and their support is completely useless. If they can't fix my $30 in card rewards I don't trust them with thousands in crypto.
I accidentally scammed Coinbase out of 500$. >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
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
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Its going to go bankrupt. Their stock has never exceeded the IPO price.
20% down today.
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?
Today is the day to buy calls on COIN
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.
>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.
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.
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>wholy molly aggressive marketing genius Cormrbased
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>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.
over 1 month old news
homosexual
>they tell you what’s about to happen
>omg that’s one month ago
Ngmi
god i wish coinbase would go bankrupt
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
Is Coinbase wallet safu?
Should I move my .03BTC there?
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when would be a good time to withdraw? and don't say today
Before stock market open in 10 minutes.
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."
NOW!!! Dont wait until its too late!
I just did it now.
I didn't get into crypto to be a "general unsecured creditor" to a publicly traded company.
Unironically, thanks for the heads up, Anon.
Yesterday
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.
I only keep 1000 LINK on there, should I be worried?
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.
You're retarded I am looking at the financial statement right now, 21 billion in assets, 3.5 billion in debt
>21bn in assets
>crypto is tanking
You dont see a problem?
Wouldn't they just sell then?
Their debt to equity ratio is 0.61. Why are you lying to people?
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.
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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
don't worry that link is gonna be worthless before they go bankrupt
Should I be worried about having my cash in crypto.com?
Yes
They owe me card rewards for weeks and their support is completely useless. If they can't fix my $30 in card rewards I don't trust them with thousands in crypto.
I pulled out when they mandated KYC
ehh i was just investing in altcoins
sitting on more than i previously did despite the bear market considering coins like CHER keep booming
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I accidentally scammed Coinbase out of 500$.
>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
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.
NO I WANT MY GODDAMNED SPARK AIRDROP NO!!!!!
I CAN’T AFFORD GAS FEES
Coinbase and Kraken are the only one exchanges that are even remotely trustworthy, everyone else operates out of a mailbox