Re:Coinbase to go public on 4/14
by endisneigh on Friday April 02, 2021 @04:34PM
(#26675675)
why wouldn't Coinbase crash if crypto crashed? crypto cashing would mean decline in crypto in general, no?
[ Parent
| on HN ]
Crypto crashing means a lot of people selling, hence a lot of trades, hence lots of money for CB.
Re:Coinbase to go public on 4/14
by endisneigh on Saturday April 03, 2021 @11:56AM
(#26682031)
Yes but it also means lowered future demand for crypto, which means less money for CB in the future, which means a lowered stock price.