Looks like bitcoin ๐ฐ is free falling and the coin stock is getting worse day by day ๐๐คฆโโ๏ธ Should I sell ? ( -3k ๐ฅบ) #personalfinance #investments #coinbase #coinbasestock Tc 110k
Buy the dip and then buy it again
Keeps dipping
Did you just realize crypto is volatile? ๐
Seems like you bought it when it was around $394. So the question you need to ask yourself is 1. Why did I buy this stock in the first place? 2. Why did I buy it when the stock was crazy high? 3. Are these reasons still valid in the current or foreseeable market situation? Pretty sure you will know the answer if you were investing in the first place. You might even end up buying more because the stock you loved is now cheaper than ever before. If you were speculating all along, then it's just a coin toss at the moment.
Elon didn't tweet when I bought ๐
Again, if you think it's dropping because of Elon's tweet then there's nothing changed in the fundamentals of the company. Just ignore the noise then. If you are annoyed with Elon right now, chances are high that you bought into Coin because of FOMO and now just annoyed whether we are at FUD. Not a good place to be in.
COIN came in with a ludicrous valuation. Their fees are astronomical for the product they offer. They can get away with this as theyโre the only main crypto exchange on the market. The inevitable moment when other big players come in at reduced fee costs, COINs revenue is going to tank. They peaked on IPO day and only have downward pressure from here.
This. DEX are already here. Sell COIN and buy UNI
You didnโt exactly explain your investment or exit strategy, so Iโm leaning towards sell just for your personal sanity
My bad, On first read I thought you were asking if you should sell your Bitcoin, and I stand behind my advice in that regard. But I wouldnโt expect bitcoins volatility to effect coinbase. I think long term it will go up.
$46B market cap lol
I will start buying at $100 :)
You buy when a stock is low...
Buy high sell low, this is the way