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Wonderful detailed explanation. Thanks! I couldn’t agree more. FTX did use customer funds which led them to where they are today. My problem is that I’m treati
by alanany 4y ago
Wonderful detailed explanation. Thanks! I couldn’t agree more. FTX did use customer funds which led them to where they are today.
My problem is that I’m treating Coinbase as a regular company. Regardless of user funds, which supposedly are kept unused, they’re losing money each quarter, a good amount, and they’re losing the investor sentiment.
Putting that together, what would stop them from losing even more stock value? Over the short term, I don’t believe a stock symbolizes much. But over the long term, it does.
The only problem is, it’s not easy to recover from an all time drop of 95%, for example. (if it reaches that.)
All the other similar startups have drops, but:
1. It’s not as major.
2. They’re not directly related to the crypto market.
Sentiment plays a bigger game here.
Just doing a brain tease, thanks a million for your comment, I’m enjoying this.