Coinbase Global Inc (COIN)

[J3 OFFICIAL]

Magnetics just saw your message yeah this is dirt cheap and only the beginning sure it was over 250 a share until economic events and other crap dropped the price but come on as long as this company stays going it WILL b well above its all time highs in the months years to come Trust the process

[Magnetics]

Lol..good stuff. Thanks for the hot tip

[J3 OFFICIAL]

Crypto is the future of money Coinbase should only go up as time passes and it's cheap right now

[shajandr]

https://markets.businessinsider.com/news/currencies/michael-burry-proof-of-reserves-binance-crypto-audit-essentially-meaningless-2022-12

[shajandr]

https://www.thisismoney.co.uk/money/comment/article-11567049/ALEX-BRUMMER-Cryptocurrency-exposed-multi-trillion-dollar-pyramid-scheme.html?ico=mol_desktop_ushome-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fushome%2Findex.html

[shajandr]

COIN is going OOB (~OUTT Of Bizzynezz) in 2023.

Everything else is just CONversation.

[BottomBounce]

$COIN Has $3.68B DEBT

[BJ2018]

yahoo finance also says it has over 5 billion in cash though. also it says its trading at 1.48 p/book. down alot so could be a rally soon

[shajandr]

https://markets.businessinsider.com/news/currencies/michael-burry-proof-of-reserves-binance-crypto-audit-essentially-meaningless-2022-12

[BottomBounce]

$COIN Has $3.68B DEBT

[shajandr]

All this kleptocurrency exchange is going to ZERO. Some kleptos may survive, butt the exchanges will be GONE.

[BJ2018]

Close to a bottom maybe? Seems like the more solid exchanges with cash on hand may come out ahead of all this stuff going on

[shajandr]

Coinbase is the Lehman Brothers of the crypto bubble pop.

[lexus400001]

Coinbase adds 19 million verified users in 2022 despite crashing crypto markets.

[Magnetics]

Lol.. well get in there and buy all you can. Good luck with that

[slyguy8888]

Buy of the millenia

[shajandr]

"Coin is going to $200 by 2023."

So in the next 15 trading sessions. LOLOL!!

Only with a 1-for-10 reverse split.

BK and OOB in 2023 for this turd.

[shajandr]

No, nott COIN. COIN is headed for ~OUTT-of-binnizz by end of 2023 at the latest.

[BottomBounce]

Crypto for Electric Vehicles https://investorshub.advfn.com/secure/post_reply.aspx?message_id=170651553 $COIN

[dale1953]

Or it can make you more than 4K. But thanks for sharing your insights.

[shajandr]

A 4K investment can lose 4K in this turd,

[lilLu]

A 4k investment rn could return a quarter million in a few years. If we drop under 10 bucks, 4k is now worth near a milly as we ride btc's ascension wave to a milly, which WILL HAPPEN. That million dollar ppc is coming. Make no mistake. This is all coordinated. Planned and strategic. I plan on buying more, but not today. We're headed lower.
BUY TO HOLD!
COIN!

[lilLu]

Here's a slightly more positive article, amongst the nonsense out there.
https://www.tipranks.com/news/article/could-coinbase-nasdaqcoin-be-the-next-ftx
Anyone that reads the quarterly knows CB is still in a very healthy/ liquid, position. As closely aligned as our pps and btc's ppc are, even if we both shed another 70%, we're still not delisted. For a CEX, this is a great time for us to gain the trust of the market and crypto whales. As a publicly traded company, the Financials are transparent. Unlike, Celsius, FTX, Gemini, etc. Even in the event of a delisting, the exchange itself is still healthy and fully operational. When btc hits 1M$, we'll be around $2,500 or so.
BUY TO HOLD!
NOT TO FLIP!
COIN!

[shajandr]

Bitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’

Standard Chartered said rising yields along with a plunge in technology stocks will lead to an acceleration of the bitcoin sell-off and cause further bankruptcies and collapses in the crypto world.

https://www.cnbc.com/2022/12/05/btc-bitcoin-could-fall-to-5000-standard-chartered-predicts.html

[shajandr]

Crypto Stocks Teeter Near Abyss as Fink’s Warning Adds to Angst

https://finance.yahoo.com/news/crypto-stocks-teeter-near-abyss-150000942.html

When COIN/Coinbase goers down, it will be the LEHMAN BROTHERS for this cryptocurrency bubble.

[shajandr]

Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
Published Mon, Nov 28 202210:28 AM ESTUpdated 18 Min Ago

https://www.cnbc.com/2022/11/28/blockfi-files-for-bankruptcy-as-ftx-fallout-spreads.html

COIN will be the Lehman Brothers of the crypto bubble pop.

[shajandr]

Jim Chanos Doubles Down On Coinbase Criticism: 'It Just Doesn't Work'

American investment manager and famed short seller Jim Chanos doubled down on his criticism of Coinbase Global, Inc (NASDAQ: COIN) during an interview with Srivatsan Prakash on Monday.

Chanos outlined why he believes Coinbase’s business model doesn’t work and why he believes the cryptocurrency exchange may eventually fall victim to other well-known brokerages.

"Coinbase has a business model problem. It just doesn’t work,” he said. 

https://www.msn.com/en-us/money/savingandinvesting/jim-chanos-doubles-down-on-coinbase-criticism-it-just-doesn-t-work/ar-AA14quZi?cvid=bb87d83f8b74498aea74289f4aaaaca6

[shajandr]

I love the Kasparov quote.

This turd is the Lehman Bros II of the crypto bubble pop - it ain‘t gonna survive it.

[Acme Investments]

Respect!! I do think it's the most popular platform for crypto!! At least you have a plan!!

[NOBO]

I've got buys in low 30's on down

[Acme Investments]

That might be true!! The question is how much will it be worth?? Looking for a low in the teens!!

[shajandr]

And another one bites the dust:

Crypto Brokerage Genesis Is Said to Warn of Bankruptcy Without Funding
Mon, November 21, 2022 at 4:26 PM

(Bloomberg) -- Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts fail, according to people with knowledge of the matter.

Genesis has spent the past several days seeking at least $1 billion in fresh capital, said the people, who asked not to be identified because discussions are private. That included talks over a potential investment from crypto exchange Binance, they said, but funding so far has failed to materialize.

The rush for funding was precipitated by a liquidity crunch at the lender after the sudden collapse of FTX, one of the world’s largest crypto exchanges. Genesis halted redemptions shortly after revealing on Nov. 10 that it had $175 million locked in an FTX trading account.

“We have no plans to file bankruptcy imminently,” a representative for Genesis said in an emailed statement. “Our goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors.”

A representative for Binance declined to comment.

Other platforms are facing their own struggles as redemption requests roll in after FTX’s bankruptcy filing roiled the crypto sector and left investors on edge about the risk of contagion.

Read more: From Genesis to Gemini, How FTX’s Collapse Signals No One Is Safe

Gemini Trust Co., the crypto platform run by Tyler and Cameron Winklevoss, announced customer withdrawals from its yield-generating product would be delayed, given Genesis’s role as a key partner in the program.

https://finance.yahoo.com/news/crypto-brokerage-genesis-warns-bankruptcy-214555395.html

[shajandr]

Bitcoin drops to 1-week low, ether slides 7% as FTX collapse ripples through crypto market Published Mon, Nov 21 20223:57 AM EST

Bitcoin hovered around a one-week low on Monday and other major cryptocurrencies fell sharply, as the impact from the dramatic collapse of FTX continues to ripple through the market.

The cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light.

From Nov. 6 — the day Binance CEO Changpeng Zhao said his exchange would liquidate its FTT tokens — the crypto market has lost more than $260 billion of value.

Bitcoin hovered around a one-week low on Monday and other major cryptocurrencies fell sharply, as the impact from the dramatic collapse of FTX continues to ripple through the market.

Bitcoin was down 3.6% to trade around $15,990.89 at 3:40 a.m. ET, according to CoinDesk data. Ether fell 7% to $1,120.61.

Crypto markets remain on edge because it is unclear how the FTX saga will end, and whether there will be further contagion across the industry.

Investors have been burned by a number of high-profile crypto failures this year which have caused significant ripple effects.

Earlier this year, the collapse of terraUSD, a type of cryptocurrency known as an algorithmic stablecoin, had knock-on effects on a number of companies and contributed to the fall of major hedge fund Three Arrows Capital.

https://www.cnbc.com/2022/11/21/bitcoin-btc-ether-eth-fall-as-ftx-collapse-ripples-through-market.html

[BottomBounce]

https://fortune.com/crypto/2022/11/15/ftxs-balance-sheet-from-hell/

[Mother Lode]

Getting a mini runup in the BTC spot market

[NOBO]

Correct -- but Coinbase will very likely shake out as the best in its sector .

[shajandr]

LEHMAN BROS was a public company. So were WORLDCOM, HEALTHSOUTH, BLOCKBUSTER, RADIO SHACK, KODAK, PETS.COM, ENRON, and many, many others which went bankrupt and/or ~OUTT of business.

[shajandr]

“They Are All Equally Risky”

The bigger effect here is not so much the immediate financial consequences. It’s the loss of confidence this is going to instill in people, especially once they realize that nobody’s going to be able to save it.

Are there other worrisome spots with other major crypto players that you have an eye on right now?

I would not have my money in any of them. Legally speaking, if you read, for example, Coinbase’s own disclosures, even they admit that if they go bankrupt, any assets on that platform are their assets. Which is different from any other company. Even if they aren’t holding them forever, if they go bankrupt, there’s a very good chance your assets are locked up for years in a court battle. Why would you want to take that risk? You should not hold any of your assets on any of these centralized exchanges, and you shouldn’t be holding any of these default protocols, either, because basically, those are just piggy banks for these guys to raid. Then the market will collapse. If you believe in Bitcoin, Ethereum, or whatever, and you want to hold those assets, I don’t agree with your opinion, but you could do it. But put them on your own books so that way, at the very least, you don’t lose title to them, as you almost certainly will if you have them in any centralized entity.

That’s a blanket statement. I can’t say there’s a specific company that I think is worse than any other. They are all equally a risk. If anybody has any sense at this point, they’ll be pulling their money out of these things.

https://slate.com/technology/2022/11/ftx-collapse-sam-bankman-fried-dirty-bubble-cryptocurrency.html

[NOBO]

The difference is COIN actually is public and shows debt and financials . They are also the ONLY exchange allowed to operate in many US States because they are the only one to comply with requirements.

[shajandr]

Nobuddy lobbied for crypto regulation more than SBF:

https://www.coindesk.com/policy/2022/11/10/washington-dcs-buddy-sam-bankman-fried-has-some-explaining-to-do/

[Expensivetaste281]

That’s what I’m betting on too

[NOBO]

It did -- it soared on arguably one of the worst news days

[NOBO]

agree

[Rick001]

Coin can rise with crypto down

[Rick001]

I’d expect a comment soon on new customers

[BottomBounce]

JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
https://news.bitcoin.com/jpmorgan-expects-crypto-market-to-face-weeks-of-deleveraging-warns-bitcoin-price-could-drop-to-13k/ $COIN

[NOBO]

Also COIN is the only exchange allowed in certain states in the US because they meet regulatory requirements and reporting. COIN lobbies for sensible regulation in DC because they know it clearly benefits them.

[NOBO]

I dont think so . And during the FUD COIN soars 11 percent ?

But you never know.

COIN is certainly the most transparent out of all.

[shajandr]

COIN will be the Lehman II of this financial crisis. FTX is the Countrywide II. Both will go BK and the stocks to ZERO/worthless. FTX is private. COIN will be the first big public company BK and liquidation of this financial bubble pop cycle.

Lehman Brothers II

~OUTT-of-business

[shajandr]

Next domino to fall after FTX is COIN.

COIN comment begins at 6:53