Same over-valued garbage as in the beginning was weed sector/3d printers/.com companies.
Coinbase is unlike any market debut Wall Street has ever seen
- Thread starter johnarb
- Start date
I don't get it... Reading the news in general media or specialized traders media you'd think Coinbase exploded onto the market.
It's trading at 316 premarket today Friday, far off from its 429 peak and off from its 381 opening just 2 days ago. In fact, it's close to its 310 low. It's as if the fluff is proportionally inverse to the stock price...
It's trading at 316 premarket today Friday, far off from its 429 peak and off from its 381 opening just 2 days ago. In fact, it's close to its 310 low. It's as if the fluff is proportionally inverse to the stock price...
the news was written by professional writers & nontraders.
Professional day traders would have written it very differently.
So always read that news with eyes closed.
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An interesting tidbit - Coinbased ended up being valued more than oil giant BP and CME Group Inc. - the world’s largest derivatives exchange managing Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange and The Commodity Exchange.
To me that's pretty mind-blowing.
To me that's pretty mind-blowing.
maybe - tee hee.
Title is true, it was unlike any other IPO:
"CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing."
"Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing."
"CEO himself sold 71% ,CFO 100%, CPO 97%, CAO 86%..." (unrestricted shares)
"Coinbase tumbles 19% in trading debut as valuation hovers..."
"CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing."
"Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing."
"CEO himself sold 71% ,CFO 100%, CPO 97%, CAO 86%..." (unrestricted shares)
"Coinbase tumbles 19% in trading debut as valuation hovers..."
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Was predicted. Crypto had to be ‘the thing’ sooner or later. Just proved the point. Let’s not forget the profitability figures of the last year with the revenue doubling from $483 million to $1.14 billion.
Even though I sometimes wonder whether the high fee charged by coinbase is even worth it or not. I mean there’s a fee charged for buying, then there’s an exchange fee along with the network fee for withdrawing the digital assets. Though there are numerous other brokers who charge the same fee or sometimes even more.
Even though I sometimes wonder whether the high fee charged by coinbase is even worth it or not. I mean there’s a fee charged for buying, then there’s an exchange fee along with the network fee for withdrawing the digital assets. Though there are numerous other brokers who charge the same fee or sometimes even more.