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A comment on Coinbase stock lost over 75% value. Parent comment

Re:Coinbase stock lost over 75% value by adventured on Monday May 09, 2022 @09:49PM (#31322425)
Because Bitcoin & Co can go sideways in a range for years while Coinbase prints an operating profit from the market-leading service they provide.

Bitcoin doesn't produce anything, Coinbase does.

What you're describing is speculating / gambling, betting on some kind of soaring event happening.

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Re:Coinbase stock lost over 75% value by ike0790 on Monday May 09, 2022 @10:38PM (#31322770)
If bitcoin/crypto is chopping sideways GUARANTEED Coinbase will be chopping sideways as well
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Re:Coinbase stock lost over 75% value by fastball on Monday May 09, 2022 @11:21PM (#31323057)
How? Does Coinbase not make most of their money on the spread?
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Re:Coinbase stock lost over 75% value by chii on Monday May 09, 2022 @11:32PM (#31323131)
The implication is that when crypto goes sideways, trading volumes drop, and thus, even though spread might be same or even better, the volume drop will have lost them money.
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Re:Coinbase stock lost over 75% value by mersenne on Monday May 09, 2022 @11:26PM (#31323088)
Stock price, not necessarily revenue/profits.
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