I am pretty fascinated by the Coinbase IPO and watched it closely today. I did not trade it or buy or sell it. I just watched. The market is really something else today. AirBnB and Coinbase are $100 billion companies. They are suddenly 1/7th the size of Tesla or roughly 1/15th the size of Google. I have no doubt these are amazing companies, but the valuations are...
So this is the difference between a trader and a speculator. A trader has not even started investing in COIN. Why you ask......the main thing is there is not enough trendlines with moving averages that show price fluctuations up or down. A stock will never just jump up and not be afforded because the whole idea is people want to participate to make the stock...
Coinbase - COIN - Stock - Arguably the Most important listing for Crypto. Coinbase may eventually be seen as the Dow Jones, Nasdaq, or S&P for Crypto. It is not just tied to Bitcoin. In order to represent more of the crypto market, Coinbase may have to offer more coins. We will see? Coinbase charges high fees so from a revenue standpoint that is favorable for...
As someone who has used the coinbase exchange, I am a fan of their platform.
I personally will not take up a position for several reasons:
1) This is the first crypto exchange that went public and therefore i am not sure how the volatility in crypto will affect the price of action of this stock, especially when ALTs can run on weekends too, whereas the $COIN...
just like on PLTR the first day on COIN was a down day, but the company has potential so i am looking forward to buy the two classical entry points:
a double bottom
and a breakout of the range
target a 200% gain
IPO investing idea
Coinbase, Inc. is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters.
The reference price is $250, I suppose the price will rise much higher at 1 day and later. The market cap at $250 per share is $65bln.
Why?
Let's check some fundamentals.
In 1Q2021 Coinbase reported the next...
if you have a pro+ or premium sub on TradingVIew, this chart is more defined, and was much more trade-able today. I've read a bunch of bashing on people going long this, and my assumption is many traders here don't have the 1 minute chart or a lack of technicals to spot entries.
That said, I'm actually short this trash. But I'm in it for a quick buck, it's up in...
I will be curios to see if Coin will be trying to compete with bnb or if it will bottom down deeper before any major rally up... how to price this asset? One will only hope it will start off right and head to a accumulation period before the market decides where to go.
$COIN debuted today to much fanfare. Opening at $400 per share, it boasted nearly a $46 Billion Dollar valuation. Trading quickly cut $10 billion dollars off of that valuation as early investors sold off private shares, driving the price to $328.
But this post isn't about Coinbase's future, it's about the reality of our new reality.
This is a list of some well...
