RE: How Does The Crypto Crash Effect A Stock Like Coinbase?
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I think it won't bode well for COIN for at least a while. I think they were talking about how Coinbase servers got shut down due to the huge amount of traffic and I also wonder how many of those went along with the FUD to get out of all crypto positions.
For some reason, I can't seem to get rid of the $100 or so price target on COIN when the IPO was still in the news. They later increased it to $250 but I almost feel like that was what the financial guys valued COIN at.
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Ehhh those shut downs and unable to access the exchanges when things start to get crazy seem like a safety measure for them more than anything else. I know I wont be messing with investing in COIN there's way too many unknowns for me that make it not worth the investment. No dividend either.
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