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Coinbase IPO SHATTERS Expectations – Should you Buy?
First of all what is coinbase? well it is a cryptocurrency exchange with 43 million users, and they probably like it because it is very user friendly, think of it as a crypto version of Robinhood. However when you buy crypto assets on Coinbase, it is really held by you, you can send the crypto off the exchange to a hardware wallet that can be disconnected from the internet, the safest way to store crypto. Coinbase also has its own wallet app where the assets are stored on your phone. Both the Coinbase app and Coinbase wallet are incredibly user friendly and intuitive which is one reason why the company has been bringing crypto to the masses and is now able to IPO on the market.
NASDAQ set Coinbase’s reference price at $250 which gives the company a valuation of over $50 billion. Some analysts are projecting the valuation at $100 billion which would make it bigger than the NASDAQ company itself and that is a good comparison because both companies essentially do the same thing, they are exchanges. Some have called this valuation ridiculous and there are value reasons why.
So what do I think about these valuations and should you buy the stock? If you like the sound that please hit the subscribe button for more personal finance tips and tricks every week. And remember this isn’t financial advice, just sharing opinions.
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19 comments
Hey credit stripper thank you for welcoming us lol
I’ll stick with Riot
Great crypto investment video. I got Webull, thank you credit stripper 😆
I put $1K on it. We’ll see what happens.
Have you heard of earth2
Will definitely pump but crash and then that’s when you hop on imho
I've just lost lots of money on coinbase thanks to Kevin. I'll sue him, bro 😭
Once it crashes but not rn lol
Once it hits $250 in a few minutes lol
I put 60$ in Coinbase ipo and lost 10$ lol
Not right now. Lol feel bad for the ones who fell for the hype and bought right away thinking it was going to the moon and sold when it dropped.
they already have a debit card coming
The whole argument of decentralization is bs, they're using this chance to make money. Having a CEO and company structure is anything but anonymous. What you buy is tied to your identity, all of the personal info that you give out to them. RIP I agree there will be other brokerages and exchanges that will come onto the market. They're just the first. They were one of the first to run to regulators in DC and get everything approved. Great timing in terms of their IPO but not bullish on it.
I will keep Hodl'n . The bitcoin itself will beat any profit that you could possibly get with this IPO.
what does this have to do with credit or credit cards? shouldn't this be on your investment channel and not this one?
You kinda missed the big question. Why do you recommend buying at the current price? How did you conclude that the valuation is reasonable? The question isn't whether it's profitable or not. It's a question of whether the profits justify the price
Your wife finally shared your "cute red shorts" photo …. (tee-hee)
I put $2k in bitcoin this morning. We'll watch & see…. Ship's computer recommended it.
The interface that you showed me on the phone looks more like Webull than Robinhood. I wonder if this is a stable currency because what happened with Bitcoin is it was unstable for a long time and now it's starting to become more stable and if you remember the opinions about it changed over the last couple of years so now there's a more favorable opinion when it comes to bitcoin
Coinbase is relying on the verification infrastructure of the common public. If the mining systems have an outage, or people just stop mining, then boom! Unless Coinbase purchases that much additional hardware to sustain the public hash rate .