Load up on $COIN before earnings and for the long term
Earnings are on May 13. Forget about crypto speculations and get into the business of earning commissions on endless huge trades. See Coin Base exchange volume for Q1. Coinbase charges 1%-4% for each trade (from each of transaction sides). With the trade volume shooting up above $100B per month I expect a stellar quarter. Guidance should be even better with May volume already above $50B. IMO coinbase is the most undervalued tech company out there. Cash gifts accepted if you make money out of this post đ¤ Price target set to $434: https://apple.news/AEB0P8taySyiK2fel9Z-aWQ
apple.news
So we short the fck out of it?
Short it if you dare
Stupid crypto stupid people and stupid market
OP will pay all if dip, if not OP will say told ya
Iâm not investing it so wonât help you pump it đ
Doubt that Blinders can collectively move (meaningfully) the price of a $50B company.
Such high commission rate is not sustainable long term. Forex trade fees are 0.005% and crypto should converges around that long term. Not rocket science and competition will heat up.
It is not. But it will be a long time before competition can catch up due to the complicated regulations. Ride it until then
Coinbase is currently set to have an even better Q2 than Q1 based on trading volume. Theyâre spending đ¸đ¸ on marketing for retail investors and acquired a startup to beef up their institutional offering. While I agree Coinbase will have to lower their trading fees in the future, thereâs too many newcomers in crypto that donât know what theyâre doing and the first place they go to is Coinbase.
Maybe Cathie will add it to ARKK and it also becomes a meme stock
Coinbase is highly correlated with crypto/BTC so why not just buy BTC? It's a scarcer asset. Coinbase has a lot of competitors and I think it's overvalued over the 1 year horizon when crypto bubble bursts and employee stock lockout period ends
Have been playing with options. I made 100% yesterday and ~$10k more today
Any reason why people would prefer it over a free platform like Robinhood?
Yes during Elonâs SNL skit, orders were 20 mins delayed and some orders were left unfulfilled. And also the GameStop fiasco
Donât care about reasons that much. Look at the data. And it could be added yo ARKK or become the next meme stock. It will eventually fade away but looks so hot in the medium term
stupid speculators