“Coinbase lays off 18% of workforce as executives prepare for recession and ‘crypto winter’” Plus My Opinion On Cryptocurrency’s Future
June 15, 2022
“…The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people….
“We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period,” Armstrong said in the email, adding that past crypto winters have resulted in a significant decline in trading activity. “While it’s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any environment.”…”
Ok, its about time to make a lot, and i mean a whole lot, of money. For the the moment instead of buying crypto I’ll be saving that money to buy at a later date. I’m going to let the price drop for a while then use all the money I was dollar cost averaging in at the same time..
So my current strategy is save up money I was going to invest. Don’t spend it. Look for the right moment, which is market close to bottoming out, then buy crypto in bulk for cheap.
This is what I will personally do. This does carry risk to it. Be aware. I’m assuming cryptocurrency has long term value and more specifically the I’m assuming the ones I’m investing in will bounce back after any recession or depression.
Its a gamble yes but the reward outweighs the risk in my opinion.