/biz/ - Business & Finance

>trusting a woman with your money

>>50580189

>>50580189
This is big, either woods is desperate in needing some funds for margin calls - unlikely.
or she knows Coinbase is going to get rekt.. given how the rumours lately of insolvency tend to have some truth this is BIG

>>50580189
Dumb paper-handed bitch

>>50580189
Get out of USDC

>>50580189
ETF's have to sell shares of any stock at whatever price they're at if people are pulling out. If people want to cash out they need to have the liquidity available to do it. This has nothing to do with coinbase being insolvent, many people would know this before cathie wood, worst trader alive, knew about it.

InStiTuTioNs cAn HoLd aT a LosS bEcAuSe ThEy DoNt NeEd ThE CasH

>>50580189
i can't tell you how happy it makes me to know that cathy wood is literally my bagholder. stupid fucking bitch, kek.
protip: this is bad news for bitcoin

>>50580189
the US goverment wants coinbase and kraken out

>>50580313
Are you okay?

>>50580309
Could be that or could be she’s just the last to know or the last to take action on that knowledge. How many big name hedgies were buying coinbase stock anyway? Probably not too many

>>50580313
can you stay on reddit and never return

>>50580189
Bahahaha
Another warning bell that you idiots won't pay attention to. Keep hodling to the moon though.

>>50580189
My buddy wants to pay me for some consulting with BTC through Coinbase. Crypto is pretty new for me, how do I not get screwed?

>>50580189
What's his source for that?

>>50580404
DYOR

>>50580309
You are describing a mutual fund. An ETF would not need to do this because the shares are traded on the open market rather than exchanged directly with the fund.

>>50580447
you're a retard and have 0 idea what you're talking about.

>>50580189
Why the fuck does everyone talk about this dumb cunt?
She's a terrible investor, her ark fund lost 50% of its value since last year.

>>50580458
You are a moron. If I buy shares of an ETF and I want to cash out, I sell them to some other guy on an exchange. The fund itself doesn't have to do shit. >>50580447
That's what makes it an EXCHANGE traded fund.

With a mutual fund, I would redeem the units with the fund, they would sell some of their holdings and pay me the cash.

>>50580517
god you are an absolute moron, the ETF is publicly traded but it has to derive of some underlying value, IE the shares of companies it holds you fucking retard.

>>50580543
So why would the fund need to sell shares to raise money when people are selling you cocksucking retard?

arkk is insolvent

>coinbase fud is real
You mean the fact the stock is down 80% because it's tethered to crypto, which has been dumping for almost a year straight plus after they went public at the BTC top? the fact they've been listing dead shitcoins for some talmudic insiders to dump on retail? Maybe the fact they spend a billion dollars on an nft platform that GameStop (kek) was able to flip in all time volume on 24 hours?

>>50580582
they work the same way as a mutual fund moron, as people sell off the stock and the price falls, they are regulated to keep liquidity available. so they have to sell shares regardless of it being a loss. You honestly think an ETF can just hold shares and slap themselves on the nyse and just call it a day. you literally have no idea how this works and are trying to argue with me about it

>>50580435
Wow, much thanks. Very insight.

>>50580611
You don't know what you're talking about clearly. The other anon is correct. Dunning Kruger effect is on full display here. Go pick up a book on the stock market.

Imagine thinking this women has a clue what she is doing

Ark has been getting Fucking WRECKED this year. Everybody was like LOL Woman investing and liking Crypto, when Crypto and everything else was going up.

It's Fucking easy to invest when everything is going up, but yeah takes a real investor to understand and make money in a Bear market.

>>50580189
calculated,
they need to offset their capital gains with capital losses

they will buy back cheaper.

>>50580189
>meanwhile we are going up
lol. lmao.

>>50580189
>women

Cringe dude.

>>50580610
You have to go back. In this case not just to Reddit but to r/dogecoin in 2016

>>50580189
Oh No no no...
>Cathie Wood's ARKK is worst-performing US equity fund in Q1 2022: Morningstar
https://au.finance.yahoo.com/news/cathie-woods-arkk-is-worst-performing-us-equity-fund-in-q-1-2022-morningstar-185220557.html

>>50580305
Wrong. USDC got hedge fund backing now. It is the chosen stable actually.

>>50580517
>>50580667

Holy shit, no, >>50580611 is 100% right, ETFs are like mutual funds, yes they trade on the open market but are regulated to have to be open funds to better track NAV. If a lot of people sell ARKK beyond the NAV then yes ARKK has to sell assets to redeem shares.

That's why its retarded to say that "Cathie sold X," without any other context. It could just be because of outflows and the holding remains the same proportion of the ETF's holdings.

>>50581434
if she sold the same percentage of all stocks, the fund would be largely cash

You all are fucking retards. She rebalanced today. I get her emails nightly, she sold COIN because it's dogshit and bought other dogshit

Pic is tonight's email

>>50583027
>Sell COIN
>Buy SHOP
>Buy ROKU
Dumb bitch

>>50580610
If you're looking for advice on /biz/ you may as well save yourself some time and just throw your money away

>>50580610
Kys nigger. Best advice

>>50580374
Nobody here is holding CB stock or thinks it's going to the moon. But yeah, just wait until he proves he's Satoshi and shuts them down for calling btc bitcoin instead of calling his token bitcoin. I'm sure that's why she sold.

>>50580283
At least he was nice enough to warn everyone.

>>50580610
youre willing to fuck with your friend's money on an asset you nothing about? go fuck yourself you passive aggressive pussy. its no wonder why one wants to help you LMAO

its true. they layoffs clearly weren't enough, and while i thought it was fairly preemptive and a good call by them i have a bad feeling it was still too little too late.

>>50580404
>open a goybase account
>get btc public address from goybase account
>have your buddy send his btc to that address
>proceed to dump it for fiat on goybase because you're probably a dumbfuck
??????
>neck yourself
Glad I could help, don't mention it

>>50583027
How many coinbase stock does she have left tho?

>>50583027
>>50580189
>Buy high
>Sell low
Is she /ourgirl/?

>>50580189
it's not FUD.
Kathie wood always buys high and sells low.
This is the bottom.

>>50580189
Fuck off Sam

>>50580189
Kucoin and coinbase are the best exchanges out there. Proof of this is that there are 305 total crypto exchanges listed on coinmarketcap. Only 8 of those have an exchange rating of 8 or higher. KuCoin is one of them. It’s even rated higher than Binance USA, Coinbase is a close second for me, but that's just how it is with these shits i guess. Anywho, back to buying zha0

>>50580189
MOMMMY? WHERE IS MY MONEY?? WHERE IS MY INNOVATION?

>>50580313
Why do people do this?

>>50580189
mommywood not doing so hot..

>>50580189
>people actually gave this bitch money

>>50584404

>>50580189
Kek Kathy woods is the Jewmerican version of King Midas. Everything she touches turns to shit.

>>50580189
Good thing i pulled my money out of there

>>50580313
>>50584472
kill yourself

>>50584930
choke on dick nigger

>>50581070
>hedge fund backing
>chosen stable
jfc

>>50580189
Tobi Lütke is on the Coinbase board. He already fucked up Shopify, and he's fucking up Coinbase too.

crypto will go to 0 if coinbase goes insolvent

>>50580189
how SEC singlehandedly destoryed crypto in the US

>>50580189
Why didn't this stupid bitch just switch to shorting the NASDAQ & crypto? It's not like you can't make money on risk-on assets on a bearmarket...

buy high sell low Cathie Wood true /biz/raeli

>>50586848

>>50583027
Holy shitcoin shoplift cratered

Oh wow look an initial offering with zero lockup period was just a way to dump bags on you retards

Who could have seen that coming

>>50584919
Same here. Can't afford to lose funds or get rekt right now. I also keep my assets away from hackers by using privacy solutions on all my transactions.

>cathie wood just sold all her coinbase stock!
So what I'm hearing is that I should be buying coinbase stock?

>>50580283
Cathie sells coinbase and suddenly she's a genius?

lmao if anything her getting shaken out of her position is good for the stock.

>>50580189
Cathie selling is the most bullish sign I've ever seen. Coinbase to the moon!

>>50580305
USDC is not for usd coinbase kek, it's called circle and it's the only stable that at least "has the money and can prove it"

>>50592133
USDC, or Circle Internet Financial, is partially owned by Coinbase.

also you are dumb.

>>50584221
>yellowed image from 2019 probably
uh anon, I like kucoin and all but coinbase is dogturd and kc is down to a 7.4

>>50580313
is your keyboard ok? is your brain ok?

>>50580283

if coinbase gets wrecked all of crypto will and i promise you it will never recover or gain mass adoption.

>>50593381
Coinbase would just get devalued and bought out by a major central bank.
Or, bought out by FTX, backed by major central banks.
Coinbase isn't going anywhere.
The regulatory jew needs their pittance.
The price of doing business in America.

>>50580189
COINBASE IS INSOLVENT

>>50584404
it's a reddit thing and a sign of immaturity.

>>50580189
kek

>>50580189
this has literally nothing to do with the coinbase fud lmao. retard

Someone should make a list of all the stocks she shilled on tv for months and now sold at all time lows or close to it.

That woman should be allowed nowhere near other people's money.

>>50580283
she don't know shit. she's just a reddit meme. a horrible investor, a fluke who got lucky a couple of times. she's likely shorting coinbase because she needs some backup fundus like musk to retain her meme status

>>50580189
buy high
sell low
at the bottom
rek countless normies and boomers retirements
she is the queen (king) /biz/ deserves

anyways its not like the stockprice of coin matters to continued operations of coinbase or to the price of btc itself
just the bankman slurping more daily volume share
i still cant believe people trusted this woman with their money

anyways for all of eternity that the internet exists elon musk and cathie wood shall be memed as bottom sellers right next to schiff in terms of stupidity

Look at this graph and DARE type in a post than women are incompetent retards.
I DARE YOU, BIGOT.

>>50595844
Do you think kikeman is actually taking their volume or kikeman is spoofing volume for an IPO? I've still never met one fucking person that trades on FTX.

>>50580283
How the fuck is Coinbase insolvent, literally all they do is put whatever flavor of the month shitcoin up and just sit there and collect fees.

>>50596016
oh no absolute same i think the kikeman fiend is totally spoofing his unregulated no oversight bahamas exchange by orders of magnitude over the other biggest scammers
but he is trying very hard to make it appear he is legit and using news such as this, of course paid for to be reported by him, as justification why his exchange suddenly has another unexplained jump in daily volume
you see its all about crafting a narrative

and yes like you i don't know of anyone that uses or promotes ftx organically, so the only other answer would be if the volume isn't spoofed to the moon would be that it is all new york big banks using him as a proxy to fuck over crypto

>>50596028
The people on this board are literally, absolutely fucking retarded and have zero clue. I don't know why they want Coin to fail so bad because they pretty much are USDC, are responsible for most institutional adoption, and single handedly stand between the government and regulation out the ass. I don't think it's even nocoiners hoping they fail, I literally think most people wanting them to go under are crypto maxis mad because they charged them $10 in fees once or reported their $500 trading volume to the IRS.

>>50580189
The first time i heard of Cathie Wood was here and some youtubers start using her as if she was some voice of reason.

My first instinct was "She is a boomer woman! Why should a listen to her?"

I was right.

>>50580189
>buy high, sell low
She'd be a natural on biz

>>50596166
>im in it for the tech

>>50596138
Yeah same thoughts. It's either fake or shady banking money fucking things up like the Luna bullshit. But I don't even know where he'd get the liquidity to process that kind of volume unless he's just running it through Binance. Him and CZ are buttbuddies since CZ wants into his jew network so he's totally in on the charade too and publishes that joke volume on his joke site CMC.

>>50580189

>>50595949
women are incompetent retards.

>>50596366
doesnt most of it run on perps that are never actually delivered
so the entire exchange is basically cash settled, real coins on balance could be rather low
and people dare say coinbase is insolvent

>>50580189
Move your funds to a DEX chad, it's that easy. Recently I even came across a DEX that enables private swaps and trades. You can't lose funds when taking the right security measures.

>>50580404
Get paid with eth or chainlink instead and use everwallet for iOS- it uses biometric security and I’ve had great results with it so far

>>50595949
can you share the source of your pic please ?

>>50594148
I wouldn't like to see it happen but I'd move out my assets to a ledger just in case. For extra security, I use privacy protocols on my transactions to leave hackers clueless.

>>50580189
>Hedge fund manager notable for being wrong and bad at her job sells a thing
Surely she's right this time on this thing you're biased about.

>>50580711
Who the fuck even is she? I see people using her as a name to substantiate their claims but I have no idea if she has any valid input on the markets.

>>50596028
I know a couple people that work there and I’ve heard stories of layers and layers of middle management who got the job via nepotism or having friends in the right places. Absolutely no one at that company has any clue what they are talking about 95% of the day. The products are consistently buggy and poorly performing.

>>50580582

The way the ARKK ETF tracks the underlying assets, like Tesla and Coin is by buying shares with their customers money. If the customers want their money back they have to sell shares. They cannot track the underlying without buying anything and they cannot conjure up money out of thin air.

>>50593381
coinbase is nothing lmao i havent used that shit since the 90s

>>50580189
>Buy high sell low.
I'm not taking a women seriously.

>>50599738
>Anonymous poster.
>Who goes on the internet to tell lies?

>>50580313
you forgot to include your retarded face while saying that shit

>>50599849
all men should invest in women this way

>>50580189
I thought my wife's $200 haircuts were bad. Kathie has her beat.

>>50580189
Marshmallow hands Woods. What a tool. Helping to separate Cat ladies from their money since 2019 or whenever the fuck. Picrel is why America sucks.

Coinbase makes almost all of their money from fees. If there is a lull they can cut expenditures which pretty much amount to staff and advertising. I see more financial literacy on yahoo comments than on this board.

>>50580189
I'm down over $5k on ARKK and ARKG
AMA

>>50580189
If Coinbase goes down then all of crypto goes down with it. On on the one hand I will enjoy crypto fags getting the rope, on the other I hate about $3k in crypto and coinbase shares.

My coins are safu with winklechads. As long as they don't complete the transformation to bogs I sleep.

>>50580189
More than reflecting on CB itself, this has more to do with Cathie Woods' legendarily bad decisionmaking/calls in the past few years, her holding way past the broader market top, not seeing the writing on the wall with Fed tightening, and her turbobullishness on speculative assets... all of which together that has now left her fund at a massive loss and probably badly in need of cash to cover margin calls or investors pulling out

>>50591919
this, every finance news article out there for the past 8 months has been laughing at Cathie Woods for being incompetent and now anons on here are like "well what if she suddenly has become a genius?"

>>50600707
That crown has been claimed by another already.

>>50593381
This is correct, people here spreading FUD about coinbase being insolvent are laughing at people who keeps their funds on Coinbase and the possibility that they'll get rekt, but if Coinbase actually bites the dust anyone in the space is going to get just'd. If Coinbase goes under, crypto is due for a long ass winter and BTC would easily go sub 10k

>>50593381
>>50593456
>>50594148
also coinbase is a registered NY fiduciary and FDIC applies to coinbase holders

>>50592334
it's a (literal) bot, notice the random coin shill at the end

>>50600707
Kek, my coins are only safu on a DEX or ledger fren. I even go extra miles to prevent hacks by keeping my balance shielded and hiding my transactions with privacy solutions.

>>50580305
USDC is managed by it's own company

>>50597543
Thank you for a real answer. I'll look into this and the Coinbase debit card. I just need to be able to pay bills and groceries from this, though I'm going to keep as much of it in crypto as possible. Likely splitting the BTC into ETH and MATIC, learning about other coins.

>>50583062
I'm not familiar with any of them. My picks are ICON, MANA and AXS anon.

>>50596166
/thread. God damn the amount of fucking RETARDED losers on here is astounding.

>hurrr durrrr i put on my coins on muhhh wallet, let it crash brooo. Based!!!
>coinbase files banruptucy, crypto crashes massively. Regulations are drafted that kill most altcoins