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Crypto Fatigue
Mizuho analyst Dan Dolev wonders if recent trading patterns point to "potential crypto fatigue." $COIN volumes appear to surge during sell-offs, but "fail to impress during the brief rallies," Dolev tells investors in a research note.
The analyst says that analyzing Coinbase volume trends in May and June highlights a potential decline in appetite for crypto trading versus the last two years, as volumes on days when bitcoin declined "dramatically exceeded" volumes on days when bitcoin increased.
He keeps a Neutral rating on Coinbase shares with a $45 price target.

Trading is much more fun on the way up than the way down. $COIN in same boat as $HOOD really. A sinking one...

@irish Yup although one might say the use of volatility on the way down is better

First of, $COIN defeats the purpose of crypto as a whole which is to have no third party between you and your holdings and buy/sell crypto is an anonymous fashion.
Second, if you look at the brief history of crypto the bust cycle comes every 4 years for the coins and that will have a direct impact on the share price of $COIN and the other exchanges.

@goldenlacllc You can always store your coin on a cold wallet. But trading will have to happen on a platform like Coinbase. + it offers many other services and functionalities.
Coin unlike others has a lot of cash and has been around for a couple of bear markets. Of course it is taking a big hit right now and they've screwed up with hiring but I strongly believe the company comes out of this stronger (and I don't particularly like crypto)

@couch_investor I don't know about trading but there's a platform called Bisq where you can buy crypto anonymously

@goldenlacllc Having a centralized platform beats the purpose of crypto and these companies are not what the advent of crypto is about nor do they adhere to the Web 3.0 paradigm

@goldenlacllc Interesting, I wonder how that works. I highly doubt regulators and the IRS will let people do whatever they want.
The idea of decentralized is a dream. Everything is and will always be centralized in a way. Yes maybe you might help a person that lives under a dictatorship but eventually it all leads to a centralized entity.
Cash is as good a decentralized gets imo

@couch_investor both you and the seller put a certain percentage of the total transaction in escrow (in bitcoin, not fiat I think) if, let's say the seller, doesn't wire you the bitcoin, he loses what he put in the escrow and the transaction doesn't happen