Fortune 500 companies are the biggest companies by revenue. https://www-coindesk-com.cdn.ampproject.org/c/s/www.coindesk.com/business/2022/05/24/coinbase-enters-fortune-500-list-of-biggest-us-companies/?outputType=amp TC: 180k
Crypto should be valued at 0
Crypto itself is a scam with no intrinsic value. Coinbase sells crypto 😬
All “money” has no intrinsic value. Its a belief system. What is special about crypto?
MSF, take for example the Rubble. If it wasn’t backed by Russia’s oil among other commodities, it would’ve plunged further and Russia would’ve defaulted. Similarly the USD is backed by the American economy and what we produce. I’m really simplifying. Crypto has nothing to back it up, nothing. It can easily go to 1M as it can easily go to Zero.
way overvalued should be penny stocks
Explain
Revenues declined from 2.5B to ~1B in Q1 on a combination of lower volume and increased headcount. Then the stock dumped harder because of it's correlation with BTC. IMO it's not undervalued vs the market, but is undervalued vs it's future potential. I have a DCA on it while it's low, prob hold 2-4 years and sell in the next up cycle
Selling Fomo is harder during a recession
It’s going down to 5. Go right wing - End in trash bin
Lol. Stupid to assume that. Right or left, this market will show you middle finger
lol no.
I am expecting an article in the next decade with the title " How a trillion dollar scam was pulled off"
Not a company. It's a make believe game
What?