COIN

NationalOwl9561

We all got burned by buying COIN at some point. It’s ok bro

kk7766

Bitcoin traders are the biggest morons on the planet. All the price action is controlled by "buy the rumor, sell the news" events. When Trump starts talking tomorrow at the BTC conference the price will start tanking. BTC didn't sell off this week with the Nasdaq because everyone was waiting for this event. $COIN, $MSTR, $MARA all big red Monday.

AUDL_franchisee

Here is COIN's forward vol curve. Note the November spike on election outcome... || || |ticker|price|Date|DTE|Vol\_0\_DTE|forward vol| |COIN|242|8/2/24|7|1.0414|1.0414| |COIN|242|8/9/24|14|0.9147|0.7673| |COIN|242|8/16/24|21|0.8471|0.6924| |COIN|242|8/23/24|28|0.8066|0.6705| |COIN|242|9/20/24|56|0.7624|0.7155| |COIN|242|10/18/24|84|0.7497|0.7236| |COIN|242|11/15/24|112|0.7976|0.9267| |COIN|242|12/20/24|147|0.7715|0.6811|

AUDL_franchisee

Here is COIN's forward vol curve. Note the November spike on election outcome... || || |ticker|price|Date|DTE|Vol\_0\_DTE|forward vol| |COIN|242|8/2/24|7|1.0414|1.0414| |COIN|242|8/9/24|14|0.9147|0.7673| |COIN|242|8/16/24|21|0.8471|0.6924| |COIN|242|8/23/24|28|0.8066|0.6705| |COIN|242|9/20/24|56|0.7624|0.7155| |COIN|242|10/18/24|84|0.7497|0.7236| |COIN|242|11/15/24|112|0.7976|0.9267| |COIN|242|12/20/24|147|0.7715|0.6811|

consciouscreentime

COIN's volatility is nuts, right? It's partly due to the general wild west of crypto, but also because COIN itself is tied to the performance of the whole crypto market. When Bitcoin sneezes, COIN catches a cold, basically. You're smart to notice the big price swings, but remember leverage cuts both ways. Maybe check out [Investopedia](https://www.investopedia.com/terms/v/volatility.asp) for more on volatility and [CoinDesk](https://www.coindesk.com/) to keep up with crypto news. Stay nimble out there.

NegRon82

I'm fucking done with COIN. As soon as I sell, it will skyrocket for everyone else. Just like META did.

AUDL_franchisee

COIN routinely pops as attractive on my screens. It has high underlying volatility, and even higher implied vol on the tails.

NaiveMercury

Switch my GOOG position to COIN because 🌽

wifi_god69

Which one of you regards broke COIN goddamnit?

poorbobsarmy

I think your short is going to get blown the fk out, here are some counterpoints: > ETFs as much as this is great for crypto this is directly taking away revenue possibility from COIN. No one with high end crypto portfolio is going to take the risk of crypto platform when he can have insured crypto holding in ETF This is partly true but missing a lot. First of all, the fees on an ETF are significantly higher than Coinbase trading fees, so it will probably be used more by people looking to get exposure, those clients are far lower volume and probably represent a small % of trading fees, even if they're a larger % of money invested in crypto. Also, Coinbase is handling the custody for the majority of big ETF players, so that's added revenue from the ETFs > Regulations are already killing the use of USDT (one of the main drivers of profits for crypto companies) in some contries , every another regulation (there will be plenty) will take another jab at revenue If anything this pushes the stablecoin usage towards usdc, which was built by Coinbase. No revenue, but I doubt it'll affect overall stablecoin usage much and Coinbase even less > Shitcoins gambling is on downtrend Dunno about this lol, shitcoin gambling compared to last cycle (2018-2021) has SO many more participants now, and crypto isn't even in a raging bull. Do you have any stats to back this up? Uniswap volumes aren't close to the highest months of 2021, but are as high as the average months of 2021 (and again, I think they'd go much higher in a bull run) Some points that aren't really responding to yours but maybe worth consideration: -Coinbase is the only exchange that has quite the level of regulatory approval that they do since they have individually fought the SEC and won, and generally spent years eating glass to become the regulatory golden boy of crypto. This means that they will probably get a headstart on basically becoming a bank - ETH staking returns, interest on stablecoin deposits, idk what else but given that crypto is programmable I'd imagine there are many financial products to be offered and Coinbase will be the company that is most likely to get approval. -Even if crypto has a much slower ascent than in 2021, more financial institutions get approval to trade it - it is after all one of the most inefficient markets of it's size, and thus would be profitable to highly sophisticated firms. Coinbase doesn't really need crypto to go much higher in price, it just needs more people to trade it. -They've launched a smart wallet which is probably the easiest onboarding to crypto that exists, especially since they're the most regulated exchange. Wallet business is going to be massively profitable to whoever is a big player, and you can see now many companies trying to compete because of this. -To combine with the wallet, they've also built their own L2 blockchain on eth, and given that Coinbase is the easiest onboard I'd imagine they'll be able to funnel users to their chain and have a decent % of total onchain trading/gambling. This again won't result in direct revenue, but I'm sure it'll result in people valuing the stock higher in the way they value tech stocks highly because 'get users now and figure out how to monetise later on'. Admittedly, I'm a crypto bull and think a bull market is on the cards for the rest of this year and into next year, so I think Coinbase will basically track general crypto prices and go higher in the next 12 months purely because of that. But due to the above points, I think there are genuine fundamentals there, and Coinbase is one of the companies most poised to become a monster if crypto succeeds.

sebach22

$COIN earnings should be good, crypto is an inflation hedge currently

IamxGreenGiant

I do agree COIN is dogshit. Will most definitely hit $150. The regarded bears in this post would increase conviction. That said I ain’t touching it one way or the other, but I’m rooting for you ser 🫡

Ten_Horn_Sign

Disagreed. COIN makes a much larger margin on crypto trading than they do as a passive custodian for non-trading professionals. They may have custody of more assets, but probably with a markedly reduced profit margin.

ZjY5MjFk

> They were single publicly listed crypto exchange until now which will probably change very soon, competion will eventually eat their share of the pie. Who? They do have some moats, see next comment. > ETFs as much as this is great for crypto this is directly taking away revenue possibility from COIN. No one with high end crypto portfolio is going to take the risk of crypto platform when he can have insured crypto holding in ETF coinbase is major depositor for ETFs, look it up. They are custodial to like 60%+ of the ETH ETFs and have a high number of funds using them for BTC ETFs. They obviously get a kick back from ETFs for being custodial. I don't know exact stats, but they are playing both sides of this. > There is never going to be another 10x craze even if BTC and ETH will go higher it will be slow and much more explosive as it was during 2021 and past covid years. Which means current revenues and profits estimates are based on much higher data than reasliticaly possible in future. Their revenue isn't correlated to price, but volume. Volume in BTC/ETH has been increasing. Also I think you are wrong about BTC/ETH price. ETFs are still new.. Funds are starting to slowly add them to portfolios BTC had halving. ETH has coins locked up in staking and has a small burn rate. This is effectively reducing supply. Small gains on demand side will start bubbling the price. Typically, cutting rates is good for crypto. It takes awhile, but do think there is some positive indicators out there.

daviongray

Yea, this is too early. COIN/BTC will probably perform well the rest of the year, maybe even into early next year. There's no way I'd be shorting those types of stocks right now.

CursiveWasAWaste

Put delta expires this week. You can see longer duration calls positioned for funds/traders pretty strong. And COIN has led BTC for the last year. Technical and FA Data supports BTC incredibly bullish for the next 5-6 months, no reason COIN dips while BTC rips. Even if COIN did have lower revenues (they don’t since they are the custodian for ETFs), they’d still have higher revenues when retail piles in. It’s possible short term puts can work down to 220 w 21 week EMA support through august if we get a hawkish Powell and avg CPI data, but any level lower or date beyond that youre regarded if you have puts

Equal-Airport9730

How could you say the etf doesn’t boost COIN, do you even understand the business?

Unknownirish

So I haven't been on this sub in awhile, do we still inverse each other on here? Asking for my portfolio. Also, I'm long $COIN. Am I fuck'd?

CaspeanSea

This is one of the poorest DD's I've seen in a very long time. 1- Your first point about competition eating their lunch has been discussed ad nauseam since $COIN was listed. The econsystem is big enough for multiple exchanges to grow and be very profitable. Look at the semiconductor space, we have more than two dozen companies making billions a year in that ecosystem. $COIN has the advantage of being first and holding Bitcoin for institutions, no other exchange has that. Which means they're most likely to lead for years. 2- $COIN's main advantage is not the exchange, it's the fact that it's the custodian holding Bitcoin for all big financial institutions who manage ETF's. 3- Shitcoins are not a gauge of $COIN performance. They only rally during the euphoria phase of any bull cycle. which is the very last stage of the cycle. They're not rallying - as much - now because we're still in the early stages of this new Bitcoin bull cycle. 4- There's still huge investor demand for $COIN because of options. Option trading is not available for spot ETFs, which means you can't hedge, sell covered calls or put in place any other portfolio management strategy with options. With all of that being said, none of the reasons provided are sufficient enough to short $COIN. Shorting the largest publicly traded crypto exchange in a bull market is literally throwing money in a shredder.

erik9

$500 calls on COIN it is.

TimeGrownOld

Op's right. The price of bitcoin can be explained by a long term adoption S-curve with super-imposed Gartner hype cycles on top. As bitcoin becomes more adopted, the hype cycle amplitude dies down. Last hype cycle we only saw a 3-5x increase; we can expect the same or less moving forward. That said, shitcoins still 10x during these cycles and COIN is the only real place to invest is shitcoins.

ephies

They made money unable to explain why. They’ll lose money unable to explain why. Welcome to crypto. Doesn’t matter if it is COIN or BONK.

mannxquin

COIN call before or after trump speaks at bitcoin 2024???

agiatezza

COIN 8/2 calls. Trump speaking at a BTC conference tmrw speaking on using BTC as a strategic reserve. COIN earnings next Thursday.

ayakabob

damn it i had COIN puts but since you've posted this on WSB, I'll need to inverse it. Coin calls it is now.

p-over-a

If anything, ETFs may boost COIN. They're the primary custodian for most of the ETFs. Also, since when has the market (especially crypto) ever done anything logical.

Gambler_Addict_Pro

Puts are way more expensive.  AUG-02 $240P is $18! 8.19% to break even.  AUG-02 $240C is $10.20 - 3% to break even.  People lost money with shitcoins and trade volume tanked. NFTs, even worse.  When bitcoin goes up, trade volume, and thus commission increases and people buy COIN.  I would like to buy some puts but they’re overpriced. It’s late for me to hop in that train. 

Feedthemcake

This is fucking terrible dd. COIN will be $700 in the next year.

ber_cub

Pretty wild bitcoin has their earnings on Thursday with COIN, MARA, MSTR

rjabro

I saw a post of someone who nailed their revenue and EPS as a massive beat last quarter. After I read their extensive DD spanning post after post (twitter) I realized they knew exactly how much COIN made because everything was on chain. Long story short, he was predicting a MASSIVE beat which is what happened. I loaded up on calls before, and in typical earnings fashion despite the massive beat COIN was down 4% and I got cleaned.

Allergic_to_Money420

Well it is just a COIN run might be nothing am fellow Regard

wattap

You bought some COIN lottos so you’ll downvote, but you know it’s true 

LarryStink

 🌽 going raise my COIN calls from the dead.  Happy day 🥰

triple_long

Maybe for COIN

planethempnaarea

I made $40K with Ford and already gave back $10K in fucking Texas Restaurant and Skechers - I mean I’m still in the ballpark but couldn’t spend 24 hours enjoying before a fuck up. Tomorrow calls it is ! SPY and COIN !!

thezenunderground

COIN calls should pay well tommorrow

6lod8loody6old

I've been buying COIN knowing that earnings is around the corner. This week blood spilling all over the place and i keep buying the dips. The revenue and profit margin seems good as a growth stock. Is COIN going to rally next week?

millennial-snowflake

Well, the COIN puts printed, now I'm buying shares 

millennial-snowflake

!banbet COIN 246 4w

millennial-snowflake

!p COIN

twostroke1

**VERY HEALTHY MARKET WHEN TRILLION $ INDICES SWING LIKE AN INTERNET PONZI DOGGIE COIN** 

booose6

uppies time for COIN? please?

millennial-snowflake

Today would've been a very red day for me if not for my COIN puts 

millennial-snowflake

Holy shit my COIN puts finally printed. That was an ugly ride for a while 

the1luckyoptionsguy

I'll tell you in a BIT but it's not COIN....

Sharp-Direction-6894

Alright, help me out here, please... What the fuck does the corn emoji represent? COIN?

slash312

Hm don’t know if I should close my COIN put position already. $220 8/16 p.

Financial-Flamingo45

!banbet COIN $275 5D

Financial-Flamingo45

Calls on COIN

link30224

Opinions on COIN ?

Skilledthunder

The only green I see on my watchlist is fucking COIN? Not even some of the boring boomer stocks are green? What the fuck dude

bubbawears

Small caps and crypto is the way * Gamecock + COIN

millennial-snowflake

Lol my COIN puts are fuk. But they still a couple weeks to expire and I might as well hold them and hope for a miracle

spectral_fall

Nothing. Tomorrow will be crazy and I want no part in it. I'm holding my COIN puts and BP calls and putting the rest in money market

USERgarbo

COIN puts

link30224

I have a suspicion COIN aka CoinBae will come up into Friday because of that bitcoin meeting and if not then on the weekend

Bulky_Negotiation850

Wow... MARA. That's fucking ugly. Taking it way harder than MSTR or COIN.

Valuable-Street1008

Exception to this is if you're buying a week out and the stock moves up every single day (COIN)

Fine-Can-2876

Wish COIN would join the rest of crypto stocks and be down 8% today

spectral_fall

COIN finally having a red day. Last chance for puts

AmazingEcho4053

COIN $$$$ going to 300

booose6

COIN today is your day baby, time to rip face

ykoreaa

I have one share of COIN and that's it

Impetusin

Happened to me many times with IT IPOs since 2000. Notable events were the FB IPO and currently COIN.

ManyCommunications

Did COIN say the N word?

millennial-snowflake

So crypto is down... And COIN is up lol? Makes no sense but ok. My puts will still print! 

Barlored

The fuck happened to $COIN in AH? I don't see any news.

octavegamingyt

COIN 

tlBudah

COIN is a stock that seems to move 5% for every 1% in the overall market. I've been able to make money on it by buying it when it's low and selling it when it's high. Long term seems a bit sketchy. They aren't the only player in this space and I believe that over time the competition will put a hurt on them by undercutting their fees. For now, they are a fun one to play on the rips & dips.

booose6

holding COIN.. ETH ETF tomorrow and BTC nashville conference Thursday.

Kbaker48

Last Monday I bought $250 calls expiring 8/16, and let me tell you, COIN might just save my year

Sensitive_Worth_2274

COIN breaking out it seems.. Might take some calls here

booose6

GO COIN GO

abaggins

Buy an vanguard index fund that tracks the S&P500. SPY is usually best. VUSA for uk. Forget about COIN and Apple.

Moist_Drag8239

Any thoughts on COIN

Moist_Drag8239

I'm new to stocks and I'm using a simulator right now in preparation for when I'm old enough to trade real stocks. Is COIN gonna go up? What about Apple stocks? 

Mathguy200

Some of you refused to buy COIN at $35 and wonder why you don’t make money

malignantz

I went short on $TSLA, $COIN and $CAVA. Now, I'm studying to become an accountant, so I can figure out how much I lost. [Study.com/Sophia](http://Study.com/Sophia) credits will transfer to WGU (accredited uni). You can get an accounting / IT degree for like 10k/1yr if you have an associates degree and are a grinder. Better than behind the CyberTruck at Wendy's.

spectral_fall

Since when did COIN become an inverse of SPY?

masalaswag

Wild to me that HOOD owns more BTC than COIN, thanks for taking me down that rabbithodl.

link30224

I need BTC to come up so COIN comes up

Elvis_Onjiko

For MARA/RIOT/COIN/HOOD/BITO, keep an eye on any potential rebound if crypto sentiment shifts positively. The political news might stir up some volatility, so be ready for quick moves. CRWD could see continued turbulence with legal and financial fallout—watch for further market reactions and any updates on compensation talks.

spectral_fall

Yes COIN is dumping!

spectral_fall

Everything in my portfolio looks good right now except COIN puts, but those expire September

booose6

COIN

kimchiboi

Put it all into $COIN and hold unto next year. Trust me

Jalapenorich

COIN

Yogurt_Up_My_Nose

JD Vance is pro BTC and anti Big Tech. why would you short COIN.

millennial-snowflake

Corn just under 68k, which is great lol... But I am shorting COIN to 240 and the Joe news is pumping BTC bruh could've stepped down on fuckin Friday lol

throttlebodies

Is COIN a buy? Earnings pump?

link30224

Idk if I sell my coinbase cawls or buy more COIN

booose6

about to COIN in my pants

thezenunderground

COIN calls

Weird_Currency_412

I've been looking at COIN. It seems crypto, and anything attached to it likes JD Vance. Guess he made enough of contacts as a venture capitalist.

KilltheK04

Oh yeah my COIN calls feelin good now

Master_Relative

COIN please fly to $300 in the next few weeks

glachhman

Bullish for crypto, bearish for stonks. Btc to ath as well as COIN

CallsOrPutsYES

Biden out is huge for Crypto, COIN, MSTR for the win

jmc774

BTC dumping  holy shit I'm glad I didn't FOMO into COIN calls

spectral_fall

Didn't this sub used to hate crypto? No one other than me seems to be making moves on COIN puts though. Already made some money last week.