Now Coinbase, I'm not saying anything about coinbase but i am saying take self custody now.

[troubled soul]

$COIN CFO went on TV to calm investors down and ended up saying "small risk of bankruptcy"

 

[khinkali]

Coinbase claim to have a lot more BTC than that and CZ retracted the above‌ claim.



https://twitter.com/x/status/1595126765143617536

I'm not saying anything about user deposits, but confidence in the business seems‍ quite low.

https://www.coindesk.com/markets/20...pse-dents-institutional-confidence-in-crypto/

 

[troubled soul]

Yup, Coinbase is listed and more transparent⁠ than FTX......chances are quite slim...but Why Take risk of even 0.000000001%.....Just move to self custody......Use⁤ Coinbase when Needed , not for storing the crypto

 

[JackAlabama]

Coinbase has been around for long unlike⁠ all the players which went under this year

 

[khinkali]

If you're trading and‌ getting a daily yield higher than the risk of collapse, then it could be worth‍ it. Even then, it's better not to put all eggs in one basket. If someone⁠ offers you 3-1 on a fair coinflip, you should invest, but not 100% of your⁤ wealth (it seems that SamBF and his girlfriend would consider any positive EV as worth⁣ the risk...).

@JackAlabama I agree and most people consider Coinbase a good custodian. Whether Coinbase Inc. is a good investment, is another question and the bond yield shows that investors⁢ are getting cautious.

 

[OffshoreMonero]

Pass the popcorn guys... this is gonna get very interesting soon.

Have you seen the‌ Litecoin and Monero pump? I suspect Bitcoin are being taken off the exchanges and placed‍ there.

 

[void]

why would you take any risk and trust anyone if you don't have to?

 

[JackAlabama]

of course, everyone︀ and his dog gets cautious about the most hated sector now. That is normal crowd︁ behavior.