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Coinbase stock price is correlated to total crypto market cap/Bitcoin price. Crypto has been crashing and likely to continue in the short term, hence COIN will continue going down in the short term
Hey unrelated to this, how is it like working at Cloudflare? I have an onsite scheduled soon and the recruiter doesn’t give any additional information.Thanks!
They make money when people buy and sell though. Volatile market = more money
Too many shit coins out there, my advice is to let it crash, eventually ETH will be the best Crypto, but it just has to be regulated. It’s a risky bet to put all your money in Crypto
This is like 20% accurate. You’re getting there…
Lol no
Even at current levels Coinbases PE ratio is 19. Compare this to bigger financial players like JPM, their PEs are at 9-10. Are you saying coinbase 2x more valuable than these players? The answer is no. Tie this with all the regulation uncertainty in crypto and you get further devalue
Exactly my point. That’s gonna come down too. The moment Tesla runs into bad news it’s gonna come tumbling down
You’re going by greater fools theory. And not by actual financial valuations of the company.