Coinbase just messed up so badly Im going all in on a 5x short.
Quick DD, Coinbase just entered a country recently that I won’t specify for safety reasons. People noticed the conversion rate was totally messed up so you could literally buy 4 Solana and you sell it for $12,000+ = the local currency of the country. On any other exchanges this would amount to $124 but since they missed a .0 people where able to withdrawal millions by buying up small amounts and selling it in the local currency.
Now this only lasted for 1-2 hours and shit hit the fan in a bit, people ran to the streets to quickly withdrawal their money from ATMS.
The news has not hit the market yet or mass media yet but trust me once it does and once the realized losses will be published over(200 mil +), the Coinbase Global Inc stock will plummet.
This is not FA and please DYOR, but if you wanted market alpha, Im here to provide it so do as you please!
Submitted August 31, 2022 at 01:12AM by Psychopeanut1
via reddit https://ift.tt/w6FVZhN