Cryptocurrency

Will the Crypto Market Survive? | Coinbase Stock Earnings Collapse



Coinbase Stock looks to be in trouble after missing Earnings and EPS. They reported a huge miss of -$4.98 per share!

BREAKING Coinbase earnings are IN! They had a monumental miss and, as of now, they are COLLAPSING after hours!

Coinbase is an interesting company. To be a buyer of Coinbase stock, you must be a proponent of crypto in some way. Crypto, of course, has plummeted this year, which is likely why the crypto exchange platform is struggling. COIN stock has taken a hit.

There is a ton of volatility with Coinbase, which is why it’s a risky play for us. Following the company’s Q2 earnings, Paul will take a deeper dive and give his thoughts and analysis on the company.

It’s hard to resist when there are a ton of “crypto experts” making a killing on these digital coins with nothing behind them. But chances are they are just getting lucky. Watch the video above to learn more.

(Recorded August 9, 2022)
#coinbase #crypto #coin

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23 Comments

  3. Adam Cunningham

    Coinbase, a company that facilitates the sale, purchase, transfer and storage of fake money 🤦‍♂ Crapto is the 21st century equivalent of magic beans 🤣 Wouldn't touch it with a barge pole…

  6. JamSum

    they burned through $1.1B last quarter and $1.5B in Q1. that means they have about $5B according to a Forbes article in May (they may have more after the acquisition). At this rate, they have about 1 year left of cash.

  11. Mr. Financial

    This is the difference between a speculator and an investor. Investors don't look for homeruns only. They want to win the game by keeping the ball in play and getting players to 1st base. Speculators usually strike out because they are looking for a homerun and a homerun only

  16. Elusive

    I think its just gonna get improved upon and refined by future governments to the point we'll just have a digital currency tied to economy's, like the euro for the european union. However, instead of the us dollar, that will be used for commodities and whatever. However, cryptocurrency we have now is just manipulated and a hash processed by some computer stating you have something and you're betting on the next person to pay a higher value. Its not treated as a currency, but as an asset. Ask anyone if they would hold btc from 24k to 9k and not sell it for a loss later on, everyone will probably pull out like we saw from 44k to 17k.

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