Coinbase IPO

[Anonymous]

Anyone investing in COIN when it goes public on April 14th?

[Anonymous]

I will. I don’t have much to spare but will put $1000

[Anonymous]

I will. But IPOs are tough. I always feel like by the time I get in the price already went up.

I have been doubling down on buying crypto in the last few weeks anticipating a halo effect.

[Anonymous]

Anonymous wrote:Anyone investing in COIN when it goes public on April 14th?

Investing in IPOs is for suckers

[Anonymous]

No. The price is up or goes up before I get to it. I have bitcoin and ethereum already, can't get too greedy.

[Anonymous]

Is there a price set yet?

[Anonymous]

the only parties making money out of IPOs are the early investors and the financial companies bringing them public.

[Anonymous]

Coinbase is dumb. Their fees are super high. You don't need Coinbase to buy Bitcoin or Ethereum. It's full of other niche no-name cryptocurrencies that have even less value, credibility, or use than Bitcoin.

Coinbase's stock will probably rise initially as there is a lot of excitement over this new asset class, but then die down quickly as every major back enables you to buy Bitcoin or Ethereum. And not enough people want to own Zec, Band, Mana, Algo, or XLM in sufficient quantities to justify Coinbase's price.

[Anonymous]

Anonymous wrote:Coinbase is dumb. Their fees are super high. You don't need Coinbase to buy Bitcoin or Ethereum. It's full of other niche no-name cryptocurrencies that have even less value, credibility, or use than Bitcoin.

Coinbase's stock will probably rise initially as there is a lot of excitement over this new asset class, but then die down quickly as every major back enables you to buy Bitcoin or Ethereum. And not enough people want to own Zec, Band, Mana, Algo, or XLM in sufficient quantities to justify Coinbase's price.

I'm guessing you haven't seen their financials!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Coinbase is dumb. Their fees are super high. You don't need Coinbase to buy Bitcoin or Ethereum. It's full of other niche no-name cryptocurrencies that have even less value, credibility, or use than Bitcoin.

Coinbase's stock will probably rise initially as there is a lot of excitement over this new asset class, but then die down quickly as every major back enables you to buy Bitcoin or Ethereum. And not enough people want to own Zec, Band, Mana, Algo, or XLM in sufficient quantities to justify Coinbase's price.

I'm guessing you haven't seen their financials!

I know! Their first quarter was explosive. And the coins it sells are the best vetted coins. Coinbase pro has low fees.

[Anonymous]

Lol they are going to be valued at 100 bill. Big joke of a valuation. G/L

[Anonymous]

Anonymous wrote:Coinbase is dumb. Their fees are super high. You don't need Coinbase to buy Bitcoin or Ethereum. It's full of other niche no-name cryptocurrencies that have even less value, credibility, or use than Bitcoin.

Coinbase's stock will probably rise initially as there is a lot of excitement over this new asset class, but then die down quickly as every major back enables you to buy Bitcoin or Ethereum. And not enough people want to own Zec, Band, Mana, Algo, or XLM in sufficient quantities to justify Coinbase's price.

AS I WAS SAYING: https://www.marketwatch.com/story/should-you-buy-coinbase-the-valuation-is-ridiculous-11618254467?mod=home-page

[Anonymous]

Yeah, the major problem with CB is that they get like 90% of their revenues from trading fees. When the crypto market bursts, and people stop buying as they realize it is a bad asset class, the revenue will plummet. CB seems to only have a downside.

[Anonymous]

Anonymous wrote:Yeah, the major problem with CB is that they get like 90% of their revenues from trading fees. When the crypto market bursts, and people stop buying as they realize it is a bad asset class, the revenue will plummet. CB seems to only have a downside.

It's not even that the crypto market might burst, it's that tons of other financial services companies are letting their customers trade Bitcoin, Ethereum, etc. So there will be big competition on fees. Coinbase charges really high trading fees, but their competitors won't. Same thing happened with stocks - lots of companies have zero fee trading.

[Anonymous]

IPOs are overwhelmingly a bad deal for investors. Wait for 6 months to a year out. Snowflake was hyped beyond belief, rocketed shortly after IPOing. Now all of the gullible sheep are crying because it has gone nowhere since. IPOs are bad. For ever IPO that has been good for investors, you can name 10 others that have resulted in big losses. The odds are stacked way against you for an IPO.