Now Coinbase, I'm not saying anything about coinbase but i am saying take self custody now.

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azb1

Mentor Group Gold
FiM3U-1XoAAGlpQ.png


$COIN CFO went on TV to calm investors down and ended up saying "small risk of bankruptcy"
 

khinkali

Silver Member
Coinbase claim to have a lot more BTC than that and CZ retracted the above claim.


I'm not saying anything about user deposits, but confidence in the business seems quite low.

 

azb1

Mentor Group Gold
Coinbase claim to have a lot more BTC than that and CZ retracted the above claim.


I'm not saying anything about user deposits, but confidence in the business seems quite low.

Yup, Coinbase is listed and more transparent than FTX......chances are quite slim...but Why Take risk of even 0.000000001%.....Just move to self custody......Use Coinbase when Needed , not for storing the crypto
 

JackAlabama

Entrepreneur
Coinbase claim to have a lot more BTC than that and CZ retracted the above claim.


I'm not saying anything about user deposits, but confidence in the business seems quite low.

Coinbase has been around for long unlike all the players which went under this year
 

khinkali

Silver Member
Why Take risk of even 0.000000001%

If you're trading and getting a daily yield higher than the risk of collapse, then it could be worth it. Even then, it's better not to put all eggs in one basket. If someone offers you 3-1 on a fair coinflip, you should invest, but not 100% of your wealth (it seems that SamBF and his girlfriend would consider any positive EV as worth the risk...).

@JackAlabama I agree and most people consider Coinbase a good custodian. Whether Coinbase Inc. is a good investment, is another question and the bond yield shows that investors are getting cautious.
 

OffshoreMonero

Silver Member
Pass the popcorn guys... this is gonna get very interesting soon.

Have you seen the Litecoin and Monero pump? I suspect Bitcoin are being taken off the exchanges and placed there.
 

JackAlabama

Entrepreneur
If you're trading and getting a daily yield higher than the risk of collapse, then it could be worth it. Even then, it's better not to put all eggs in one basket. If someone offers you 3-1 on a fair coinflip, you should invest, but not 100% of your wealth (it seems that SamBF and his girlfriend would consider any positive EV as worth the risk...).

@JackAlabama I agree and most people consider Coinbase a good custodian. Whether Coinbase Inc. is a good investment, is another question and the bond yield shows that investors are getting cautious.
of course, everyone and his dog gets cautious about the most hated sector now. That is normal crowd behavior.
 

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