Coinbase is laying off 1,100 employees as Crypto's value crumbles

[WYP]

Bitcoin has dropped from $30K to $21K over the past week.



Read more about Coinbase's layoffs.

 

[hmmblah]

It sucks people are losing their "jobs", but it feels great watching crypto plummet.

 

[WYP]

It sucks people are losing their "jobs", but it feels great watching crypto plummet.

Agreed.

 

[AlienALX]

Yup I'll third that.

I've never been a greedy person and I've never taken any sort of risk for financial gain.

Money doesn't grow on servers. Sooner or later it was going to happen.

 

[ImprovizoR]

Most Bitcoins are in the hands of very few people. Same with Ethereum. What might have started as an idea of a decentralized currency "for the people" turned into a pump&dump scheme of the top 0,1%. Stay away from cryptocurrencies, fellas.

 

[elrasho]

lol at these comments. Its just a bear market; suck they lose jobs but the demand for Cypto is very low. Those who do their own research know when to invest back in.