$COIN

[ALPHALIFEFITNESS]

With coinbase $COIN taking a nose dive after receiving note from FTC, what do yall think will become of coinbase for sending and receiving Bitcoin?

 

[Performance Based]

I actually wound up going to Kraken about three years ago. Sent some crypto on their GDAX platform for three ICOs that caught my attention. Legitimate "companies" with public white pages and heaps of public traction. Coinbase froze my account due to "illicit account activity". Wound up having to hire a lawyer to unfreeze my account and transfer my assets out.

As of today COIN is trading at 77$ down 60% for the year. Hard to guestimate how these things will turn out, they are far from insolvent. Fed also raised rates a quarter of a percent yesterday which suprisingly has had the inverse relationship on crypto that people thought it would. Hedge against inflation they said lol...

 

[Ruhlfreak55]

I think they'll be fine. From what I can gather the issue the SEC is raising isn't really related to run of the mill crypto transactions. Not saying I'd necessarily buy their stock or anything.

 

[K1]

I do not like Coinbase...Their fees are some of the highest in the game and since inception, IMO, they've run a shady company.

That said, I believe they have the very best win case scenario of any exchange...They have enough documentation showing that they have been to the table with the SEC for a long period of time and the SEC refuses to push forward.

Their Wells Notice is a market play...Many are taking out of banks and moving into btc, gold, silver. The White House makes a statement trashing btc/crypto and the same day Coinbase, which is the most known US exchange is issued a Wells Notice. Just trying to manipulate the market and force people's hands into moving back into the fiat.

This banking crisis is far from over and those bailouts did nothing except place the Fed in an even tighter spot...BTC will continue moving up as they continue printing money.

 

[Ruhlfreak55]

This banking crisis is far from over and those bailouts did nothing except place the Fed in an even tighter spot...BTC will continue moving up as they continue printing money.

Agreed.

 

[OuchThatHurts]

Put your money in brick and mortar assets. Appreciating, hard assets. Keep only enough portable tender that you need for trade (small purchases, utilities, groceries, etc). With interest rates still fairly low, better to use other people's money. At this point, I'm almost 100% plastic, paid off in a singular transfer monthly from bank acct.

I have no stake in crypto any longer except for $BTC. And I only buy it when the sky is falling and everyone is running terrified.

 

[ape1nope]

Crypto as an investment tool is a lost cause IMO. I use a coinbase wallet to send and receive BTC, but thats about it. There are better investment opportunities out there.
I think the FTX thing will blow over without harming coinbase too badly.