How much further will COIN tank?

[The_Krakenite]

I was watching COIN sink down further today. Part of me thought, well if you're going to go LONG, may as well try now.

The other side of the coin (no pun intended), is that she's going to get a lot of pressure to block accounts from Russia (and friendlies of Russia), which is adding a significant amount of commissions for the company right now.

Just making up numbers in the air right now, I assume more than 50% chance that COIN is forced by the west to block many of these accounts. This then leads to some not-so-nice earnings reports.

Wait for the larger hit, or gamble and go long now? Hmm....

 

[The_Krakenite]

Looks like Kraken just announced they refuse to block Russian accounts as well.

 

[spectastic]

until crypto resumes an uptrend and go on another euphoric rally to draw in more retail investors, coin is going to continue to dump most likely. it's a matter of time, but we're in the opposite of a risk on environment, which is bad for risk on assets like crypto.

 

[Swiss_cheese]

I hope we see a bottom forming soon, also down a fair bit on my initial investment. Time for some DCA-ing

 

[Overnight]

I hope we see a bottom forming soon, also down a fair bit on my initial investment. Time for some DCA-ing

The market is going to collapse 80 percent. I should know, I am long. After all, Russia affects the USA in every aspect of life. I mean, we are so so so linked to russia, holders of USA stock companies MUST SELL OMG WE MUST GET OUT OF ALL USA STOCKS NOW THEY WILL DESTROY OUR ABILITY TO MAINTAIN OUR COUNTRY! RUSSIA! OMG FUCKING PANIC SELL, PANIC SELL, PANIC SELL!

MACDONALDS WILL NO LONGER SELL BURGERS BECAUSE UKRAINE FALLS! BBY WILL NO LONGER SELL TOWELS BECAUSE UKRAINE FALLS!

EVERYONE IN THE UNITED STATES ARE GOING TO HUNKER DOWN IN THEIR HOMES BECAUSE UKRAINE WILL FALL!

THE WORLD IS OVER, SO SELL EVERY THING YOU HAVE, BECAUSE UKRAINE.

 

[Swiss_cheese]

Easy tiger....

 

[The_Krakenite]

 

[The_Krakenite]

Hmm...

At first glance, the PE ratio seems a bit misleading and appears not too bad. But when you dig deeper, it seems that's only the past PE. Looking forward, it is above 60, and that's even AFTER the discounts!

Tech stocks with crazy-high PE look like a possible disaster waiting to happen... where have we seen this shit-show before?