Saturday, September 11, 2021

It’s Time to Short Coinbase. Here’s How It Lost All Credibility

Published: September 11, 2021

Coinbase Lost All Credibility and It's Time to Short It. Here's How

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The stock market had Joy of the Trade Head Trader Jeff Zananri ticked off this week, pushing him to start actively short selling Coinbase.


On Tuesday, we had a bit of a crypto flash crash that saw Bitcoin fall about 10%, Ethererum sink about 15% and Altcoin tank around 25%.


And that's normal for cryptocurrencies — they're volatile. Jeff's been in the trading game for a while and has been through cycles like this, but that's not what has him so mad...


He's mad because there he was, sitting behind his computer — more than 24 hours later — and still had not gotten confirmation of a trade he made to buy the dip. His money is out of the bank, but here he was just stuck in limbo.


And if there's one thing Jeff hates most in this world, it's when people start messing with his money...

It's Time to Short Coinbase


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