Cryptocurrency
Cryptocurrency
Out of context: Reply #220
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- grafician-5
When Binance is going down, one would think the main competitor Coinbase is doing great.
But no, COIN never recovered.
- sorry to say, but the stock price of one exchange has no bearing on the stock price of anothermonospaced
- Usually if a sector goes down, it's as a group. This makes sense.monospaced
- graf's a fintech bro though*, what do you know?
*he's a designerfadein11 - @mono COIN is the only exchange listed.
@fade I work in fintech and I have a degree in Economics, plus over 15 years of design.
You?grafician - I'm not claiming to be an expert on anything and/or everything. Just pointing out some of the BS you post.fadein11
- Fine art, 20 years design / web dev.fadein11
- Sure, but why would I post BS in the first place? For you to point out? You can always add more info on something if you have it.grafician
- Look at the original thread buddy. I simply pointed out your sweeping statement was wrong. Read it slowly. Even your own links proved you were wrong.fadein11
- Yet you still claim to be right. And assume people who disagree who are moonbros etc. you post a lot of decent stuff but seem desperate for approval here.fadein11
- Find it odd you choose to argue with so many here.fadein11
- Sure, you can also interpret some info or data in so many ways, but when a consensus is reached over some data that make that a fact...anyways, let's chillgrafician
- also to make it clear, my interest in crypto is just a trend - it happens that crypto is "hot" rn and I'm curious about it stillgrafician
- Also why would I seek approval?! From you or the other unknowns here? That's dumb.
I also post in Fashion, Nature or Art threads a lot more than in crypto...grafician - So do you see me arguing with you in the Art thread? Do you see me arguing with the other known people here? Simon, Maqui, hans?grafician
- yeah... I guess I see you being very opinionated and argumentative with others. if you look at that thread, there was no argument from me, just pointing outfadein11
- a factual discrepancy but you got on one which got me on one and now weeks later we are still discussing it lol... its pathetic. But yes let's chill. I likefadein11
- But it's very easy to argue about crypto because there are so many ppl in this arena that have no clue about the issues discussed. Agreed?grafician
- most of your posts, less the attitude. Anyway, all good. Just don't assume people who may make one comment have as much invested in the subject as you.fadein11
- You were still wrong though :)fadein11
- Agree to a degree but I think most crypto investors here are pretty casual. I had a go, made some money, no ones losing their house here (I hope).fadein11
- Yes I sued coinbase and it was a ridiculously simple process to buy and sell and take money out. But yes outside of this forum there are people losingfadein11
- everything. We are mostly in our 40's on here, do you really think people here are so stupid.fadein11
- *used not sued lolfadein11
- once again, not sure how a the price of binance would or could have any impact on the stock price of COIN. They aren't connectedmonospaced
- the downfall of one does not signify the success of another, or vice versamonospaced
- @mono that's exactly what it means - please don't comment if you have no clue, at least not on my posts anyway, whatever you think you might know is wronggrafician
- @fade so you have that kind of exposure to crypto to even sue coinbase...oh boy. Good you got out at least?grafician
- Lol, the butt is hurt in this one, admit defeat now, you were wrong and still are. Your own links proved it, see exhibit A. The link you shared.fadein11
- No really, just try to buy some bitcoin from Binance while in the UK, tell us how that goes, add more info please.
Also know before you can't sue Binance lolgrafician - Please stop insisting that I have no clue. I don't see how the two could be connected. Care to explain?monospaced
- Sure. Coinbase is the only regulated, listed exchange. Second after Binance in volume. If Binance drops, Coinbase should rise as the main competitor...1/2grafician
- but that didn't happened, au contraire, the stock dropped significantly. This is the oddest thing I've seen recently in crypto. 2/2grafician
- COIN stock is also used by many for exposure in crypto without buying. The fact that stock price of Coinbase is tied to crypto market prices is very worrying.grafician
- This ultimately could point that institutional interest in crypto is over, if they were even interested in the first place. Coinbase will die with crypto.grafician
- This also tells you that interest in crypto overall is fading and there isn't any new spark that can trigger another bull cycle. So it's game over this year?grafician
- Initially I was very interested in getting exposure to crypto by getting into the COIN IPO but very glad I didn't, as you can see why.grafician
- When I've seen Cathie Wood from ARK selling Tesla shares to buy COIN then going on youtube to promote crypto I was like "alright, bye bye bye"grafician
- anyway, another angle would be: if coke goes bust, then pepsico stock should go to the moon, in a normal market
but in crypto...grafician - Now, all this should make sense right? Guess what, it's not! COIN shares were dropping way before the crypto bear market.
So conclusion: beats me LOLgrafician - Why would a competitor drop if the other rises? I don’t see the connection.monospaced
- Your Coke Pepsi analogy does t work either. That’s not how it works. If Coke goes down it’s likely because the sugar water market is bad. Both go down.monospaced
- If coinbase goes down, the sector is showing a slow. Like you said. Like I SAID. When one goes up it doesn’t automatically mean competition goes up.monospaced
- If you want to explain HOW the drop in one affects the other positively then do so. But I stand by my statement which reflects reality.monospaced
- Anyway, if this goes on for another quarter, pretty sure then that COIN is a sweet fraud and heads will roll.grafician
- Sure, that's all what most people think it would work, but again, all this is not rational at all. That's why it's very odd.grafician
- But coming back, with Binance, you don't have other exchange to buy in the West. Testla bought thru Coinbase. So without Binance all West trades thru Coin...grafician
- And that should skyrocket the stock being the only "legit" exchange, but clearly it's not. Waiting for the Q2 to find out moregrafician
- Btw did you knew they filled Q1 early to look good for the IPO?grafician