Wtf is wrong with this stock ? Will this even go up ? I wish I hadn't purchased this.. I was thinking I could make some money 💰 quickly because generally after IPO there is a bull run for a couple of days, but this stock .. ohh man loosing my sleep 💤 everyday 😪 Tc 110 #coinbase #ipo #stock #stockmarket
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How much you put in?
20 stocks at 381 😌
Don’t cry for 2k lol
Your initial premise was wrong. IPOs this year haven’t done well generally. Plus COIN’s initial valuation was high (too high for some), they ran the price up even more and since it was a direct listing insiders dumped it hard. Getting in on IPOs is higher risk than quarterly earnings plays. Long term COIN may go up, but looks like you’ll be bag holding for awhile or you’ll sell lows.
Look at coursera it started at 40 and went till 70 and now dropped.. same with UI Path.. its increasing .. and eventually drops.. I was thinking I could make some cash with a day or 2 bull run 🏃♂️ 🤔
You obviously thought wrong haha
lol! Play the man’s game and hold!
Yea.. I'm not selling it for loss.. I don't care ill wait for 5 yrs
“I don’t care” 😂
It'll definitely go up. May be. I think. It should, right? Or not. And I don't mean just Coinbase stock.
I like this guy’s confidence. Keep it up
Trump speak
That’s what she said
stare into the camera
Coinbase is a shit product with no customer support and they lose your money what did you expect
crypto believers since 2013 moved their millions in crypto to Gemini. They said Coinbase sucked.
Wanna know how I know Coinbase sucks? I've owed them $600 from when they fucked up and sent me $600 of bitcoin they weren't supposed to. I offloaded it before they had a chance to take it back and have had a negative balance on my account for many years now. They never once took any sort of action to recover their loss. Not even a threatening email.
Buddy why are you blaming coinbase? Biden literally just exposed his plan to increase cap gains tax. The entire market is down, do some research man
Its what happens when you buy hyper valued firms from greedy investors who want out. Its called the greater fool theory and the greatest fool is always the general public. Usa is also one of the few nations where companies need not be profitable to list on exchanges. Most other countries have a 3 year profitability clause. Do IPOs only for listing gains ie if allotted sell on listing dont be too greedy. If not wait for 1 month for correction to kick on before investing. Of course if you are a Day Trader you can do a lot more but this is what a normal person putting his savings into should ideally try to do, to minimise risks.
Well Coinbase is profitable (more than $700 millions of net income), unlike all other companies that recently went IPO and doubled or quadrupled in value on listing day :) it’s just that Coinbase was already priced right
It's been a few days. If you bought a stock check back in 10 years.
Government digging deeper into our pockets ... I mean the proposed capital gains tax is scaring people right now.
I would think this will actually push the market up in the long term. People will be even more unwilling to sell due to high taxes and hold out for tax repeal. This reduces supply side of stock and is actually going to push stock prices up.
More tax on profits mean less money someone can make from investing. This might scare away high risk investors who expect on high ROI. Retail investors fall in this category and might not risk their money for making less profits. And remember retail investors are the ones who pumped all these IPO stocks since last year