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49782077 No.49782077 [Reply] [Original]

Insider here. Coinbase will be filing bankruptcy in July.

Why does this matter to crypto?
Because coinbase has already said they will liquidate customer holdings to pay off their debts.

When that happens, every crytpo that is listed on their exchange will lose value.

My suggestion - convert all your crypto to USDT. Wait about 3 months then buy back in. You will make a killing.

If you have crypto on coinbase, pleae for gods sake, take it out.

>> No.49782227

>>49782077
>to USDT
lol
he doesn't know..

>> No.49782240

I don't think USDT is safe from bankruptcy either

>> No.49782319

>>49782077
i think usd is safe because they have fidc insurance on it until 250k.

>> No.49782384

>>49782077
Why not just pay out.

>> No.49782407

>>49782077
why the fuck do they have 3700 employees? theres not even customer service... do these degens just human resource it up out the ass?

build the exchange
keep like 3 nerds to run the nodes and an accountant
profit

but 3700 fucking employees???

>> No.49782411

>>49782077
>to USDT
this is all an elaborate scheme to save USDT

>> No.49782412

When BUSD is the safest bet...

I'd say funds aren't safu.

>> No.49782471

>>49782077
You do realize that coinbase existed before this recent bull market, right?
Like it does not have to be in a constant bull to exist.

Still, nobody should keep money on there.

>> No.49782483

>>49782077
>Because coinbase has already said they will liquidate customer holdings to pay off their debts
Actually they removed that from their terms.

>> No.49782495
File: 58 KB, 900x600, R (1).jpg [View same] [iqdb] [saucenao] [google]
49782495

>>49782077
Looking forward to it

>> No.49782548

if true anon, what ur saying here is very illegal

>> No.49782571

>>49782407
According to the screenshot they even have 5,500 employees

>> No.49782636

>>49782407
thats called "growth" cycle.
you want to balloon your company as much as possible before selling it

>> No.49782652

Don't listen to larpfags. Just watch the price of COIN.

>> No.49782662

Coinbase is sitting on billions in cash. How can they go bankrupt?

>> No.49782733

>>49782077
oH nO a CoMpAnY iS fIrIng UsElEsS NigGeRs ThErEfoRe tHeY ArE gOiNg BankRUpT!!!!!!!!!!!

Fucking retard they are doing this to save money like any other company would, especially since they are mostly digital services they don't need your dumb asses anyway

>> No.49782738

>>49782548
Which part is illegal?
>>49782077
When in July?

>> No.49782761

>>49782077
How can Coinbase be going bankrupt are they not a top 3 exchange. This would be a black swan event

>> No.49782772

>>49782471
Companies were less irresponsible back in the good ol days

>> No.49782775

>>49782662
Could be because they got in on the yield farming schemes and that is currently imploding right before everyones faces.

>> No.49782782

>>49782407
They don't call them HR roasties for nothing. It ain't gonna suck itself.

>> No.49782833

>>49782077
so moon soon? buy?

>> No.49782842

>>49782662
>b-b-but that doesn't fit with the doom narrative campaign we want to spin about all of these insolvent crypto companies and stablecoin issuers

>> No.49782861

>>49782738
you are disclosing material non-public information as an insider... violation of Reg FD:
>Possible results: injunction, cease and desist, monetary penalties (e.g., company fines up to $25,000,000, personal fines up to $5,000,000).

>> No.49782894

>>49782407
>why the fuck do they have 3700 employees?
Middlemen for buying coke and hookers

>> No.49782957

>>49782077
Are people really retarded enough to leave their crypto in somebody else's custody? Am I missing something, or are we going to see more reddit post-bankruptcy posting?

>> No.49782976

>>49782861
Anon its all a larp, dintcha know?

>> No.49783056

>>49782227
this
megakek
usdt it top of the list for getting rekt

>> No.49783387

Post proof faggot

>> No.49783620

Jst convert it into FIAT, you can buy bread and FEMA cheese with it

>> No.49783694

>>49782077
>they will liquidate customer holdings to pay off their debts.
They cannot do that.
>>49782077
>If you have crypto on coinbase, pleae for gods sake, take it out.
No.

>> No.49783729
File: 33 KB, 505x576, Vm2AZkz.png [View same] [iqdb] [saucenao] [google]
49783729

>>49782077
>My suggestion - convert all your crypto to USD

>> No.49783744

>>49782471
>Still, nobody should keep money on there.
Coinbase is a wallet itself.
No I'm not gonna read your opinion on this.

>> No.49783756

>>49782738
>Which part is illegal?
The stealing part.

>> No.49783839

Imagine having 16+ eth locked up in a staking contract on Coinbase.
>holy fucking shit

>> No.49783862

>>49782077
>Because coinbase has already said they will liquidate customer holdings to pay off their debts.

That’s not true at all, I asked someone who works for them.

>> No.49783907
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49783907

>>49782662
they burned through $1.5bn in three months

>> No.49783919

>>49782077
wouldn't you just incur capital gains taxes by doing that? will the upside really offset that?

>> No.49783932

>>49782407
3695 of them are fucking pajeets in Bangalore

>> No.49783952

>>49782077
>insider here
surest way to identify a LARP from someone who is definitely NOT an insider

>> No.49784071

>>49783919
no hes a dumbass. better to move your cryto to a personal wallet.

>> No.49784269

>>49782077
wish these stock photos would stop using gold to symbolize their fake internet money

>> No.49784354

Let’s assume that OP is not a faggot and COIN is indeed filling for bankruptcy. Is this good for other exchanges / brokers as there will be less competition?

>> No.49784391

>>49782407
>why the fuck do they have 3700 employees? theres not even customer service
yeah i dont get it either. blockchains handle all their transactions and the user inputs the addresses so what the fuck are these employees doing?

>> No.49784407

>>49782407
American companies are severely retarded. The whole country is, really.
>line go up forever

>> No.49784528

>>49782077
It had 5500 fucking employees
The entire operation could have been run by 100-500 competent people
It had to feed and endure 5000 niggers and women, probably Wall St requirement to launch IPO
Ofc its fucking over

>> No.49785012
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49785012

>>49782077
>>49782407
>>49784528
I worked for a brokerage with 250000 customers and there are a total of 15 engineers. They can keep a maximum of 100 person engineering staff and fire the rest, and nothing will change

>> No.49785145
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49785145

>>49782077
>When that happens, every crytpo that is listed on their exchange will lose value.
Oh, so not XRP then

>> No.49785284

>>49782407
Chainlink has 381 employees and they spent 5 years trying to develop a JSON parser and failed.

>> No.49785289

>>49782077
They’re just firing the gay ass useless fucking marketing department Bc they already got their handys

>> No.49785380

>>49784354
No, because if coinbase goes under it will dramatically drop the price of bitcoin and exchanges make considerably less money when bitcoin's value goes down.

>> No.49786124

>>49782407
Uber apparently can't cut people either and it's an app that doesn't even hire employees directly. All these venture capitalist groups like to see hiring to fake growth.

>> No.49786236
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49786236

>>49782077
>My suggestion - convert all your crypto to USDT.
kek.

>> No.49786342

>>49782077

> 1 post of this ID

what are your credentials nigger?
there was another coinbase fud earlier this week. They were supposed to pause withdrawals TWO DAYS ago

>> No.49786348

>>49782077
Coinbase is not going bankrupt, they have been in crypto before you were born and have already lasted 2018 bear market. We are talking about a publicly traded company not some crypto startup being operated in a dorm room

>> No.49786882

>>49782662
they're not going bankrupt
but recession is looming, every company is cutting down.

>> No.49786883

>>49782548
Go cry to mommy and daddy you fucking cuck.