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Still true, but to be fair, Coinbase closed that first day lower. I don’t believe Coinbase has ever reached $381 again. It’s back at the $250 reference, even be
by skinnymuch 5y ago
Still true, but to be fair, Coinbase closed that first day lower. I don’t believe Coinbase has ever reached $381 again. It’s back at the $250 reference, even below that right now by a buck. Still a $55B company with an absolute insane profit margin right now.
- samhw 5y agoAh, thank you, I didn't realise that and I appreciate the correction :) And yes, I agree with the main point. $100b was wrong, but Coinbase still overwhelmingly proves the rule: namely that, setting aside the few Bitcoin millionaires who made irrational decisions and got lucky, the croupier is the only guy who goes home richer.