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Because Bitcoin & Co can go sideways in a range for years while Coinbase prints an operating profit from the market-leading service they provide. Bitcoin doesn
by adventured 4y ago
Because Bitcoin & Co can go sideways in a range for years while Coinbase prints an operating profit from the market-leading service they provide.
Bitcoin doesn't produce anything, Coinbase does.
What you're describing is speculating / gambling, betting on some kind of soaring event happening.
- ike0790 4y agoIf bitcoin/crypto is chopping sideways GUARANTEED Coinbase will be chopping sideways as well
- fastball 4y agoHow? Does Coinbase not make most of their money on the spread?
- chii 4y agoThe implication is that when crypto goes sideways, trading volumes drop, and thus, even though spread might be same or even better, the volume drop will have lost them money.
- mersenne 4y agoStock price, not necessarily revenue/profits.