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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by googlryas on Tuesday June 14, 2022 @05:53PM (#31746526)
I'm not sure if I would particularly care that it was just an edge case that caused me to miss out on $99M.

They wouldn't take shares, but I would be forced to sell shares in order to pay the tax bill, because I don't actually have that money just laying around. So I had 10M shares @ $1/share, share prices go up to $100/share. I get hit with a $900M tax bill and sell 9M shares in order to pay it. Price goes back down to $1/share, leaving me with 1M shares. How exactly should I purchase more at a pittance? I spent all the money I didn't even have paying the tax bill, there's nothing left in my bank account to buy any shares.

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Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @05:56PM (#31746553)
Buy it on margin, if the price has gone down so low you can easily get it approved
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Re:Coinbase lays off around 1,100 employees by googlryas on Tuesday June 14, 2022 @06:36PM (#31746883)
Taking out a loan against an asset to buy more of that asset sounds like a horrible financial move.
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Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @06:40PM (#31746916)
You can use your existing 1M shares as collateral
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Re:Coinbase lays off around 1,100 employees by googlryas on Tuesday June 14, 2022 @10:22PM (#31748423)
Right...use your shares in XYZ as collateral to take out a loan to buy more shares of XYZ.

That sounds like horrible financial advice.

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Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @10:30PM (#31748461)
In the grim future of the strawman, many such cases abound
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Re:Coinbase lays off around 1,100 employees by googlryas on Tuesday June 14, 2022 @11:09PM (#31748692)
Still not sure where the straw man was.
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Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @11:14PM (#31748730)
Ssh. It’s okay. It can’t get to you now.
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