Coinbase Global Inc
$1.36 (0.76%) Today
52 Week High
52 Week Low
7 Days Mentions
COINBASE is a house of cards with systemic market risk on the scale of Evergrande. They hold $255 Billion in crypto assets ($139 Billion from institutional investors), and $3 billion+ in debt obligations ...supported by just $6 billion in cash. They have custody over 12% of the entire crypto market.
Bought COIN on Nov 10th which was stupid bc it was the all-time high, but now it’s down. Barely anything in there right now bc I’ve never invested and needed to test some waters, but besides my loss how does this stock look to you guys?
Perfect. It was a toss up for me today between SNAP and PYPL but I forgot all about COIN, that’s a great one too. Especially when the alt markets are struggling. Not as familiar with CRWD but that one looks great as well. Seems to respect resistance well and present a lot of pops and dips
Need I remind you that Coinbase is the greatest American company. You can ride your Harley across the country, but you can ride $COIN to the moon. CEO, Brian Armstrong's dad is literally the first man on the moon. You can't write a better story.
Place your bets now - buy when there is blood and fear in the streets. Picked up more COIN at 165 today and it's already up to 189. This bull market is not over, this is just a correction that has been well telegraphed. We were due. Normal to have these corrections from time to time and the sky is not falling.
Judging by the lack of daily comments regarding $UPST, COIN, AFRM, RIVN, NIO, SPCE, ASTS, FIGS, APPL, NVDA and RBLX that my portfolio is looking good today. Whew I was worried.
In addition to V, as you probably know being a COIN holder, MA partnered with COIN on some blockchain deal (NFTs?). So both the major credit cards are getting into it. SQ is heavily into blockchain/BTC and has taken an absolute beating. They’re also working on building a cheap, consumer mining rig to sell to Joe Schmo.
Agreed, BLOK, plus maybe ETHE (NAV is currently something like a 28% discount) maybe a little COIN, and might get savaged for this but PLTR - I think foundry for crypto might add meaningfully to PLTR’s future earnings.
>Some nasty moves out there... \>$GME 92.77 -12.84% $AMC 15.82 -12.02% $BB 8.07 -5.5% $HOOD 11.6 -10.59% $COIN 170.25 -11.22% ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-01-24 ^10:56:42 ^EST-0500
COIN will crash hard as crypto enters bear market, BTC below 20k and crabbing downwards dragging along alts. No one will be touching crypto, slowly bagholders will lose faith and sell causing trading to drop meaning less revenue for Coinbase and massive drop in market cap.
ARKK, I really enjoy most of their holdings, I hate to say it. ​ TSLA, I think it's a great company to be long on, could go under a big correction, but it looks like the future of EV's. TDOC, I mean come on, Telehealth has got to be the future of healthcare, if they can navigate these times and cement themselves as the leader of telehealth, they're going to be a massive winner. ​ ZM, yuck. ROKU, unsure. ​ COIN- Coin looks nuts! Their p/e is already at a super discount, and I think crypto could pave the way for a more decetrentalized future, however it's going to be in for a rough couple of years. ​ U- I love unity! If the metaverse does actually happen it will be built off Unity I truly believe. I think the new unreal engine looks amazing and we can see some new games being built off that engine hopefully. Spotify- anecdotal, but dude, Spotify is super freaking popular and I feel they're outmaneuvering Apple Music a little bit, and with APPL facing anti-trust I feel Spotify could continue to grow! TWILIO and UIPATH im unfamiliar, but SQ you gotta be long on. ​ Every single small business that I personally know are built off of SQ, + their adventures into Crypto are really cool, also I just genuinely like CashApp and the idea of it being way more decentralized than Venmo is. My sisters business is running off of SQ and a sister franchise of ours is also running off of SQ and I continue to see adoption in companies that use it! ​ so, in short - man, if you're bullish on fancy new tech and innovation, fuck it, just hold, but if you're like me and think the Metaverse won't come to fruition you'd be better buying off some select stocks that she has. This could be a really long hold but there are some great companies in there, some are terrible though.
ET. Down 15%. Yeah, it's got debt and management has a bad reputation, but fundamentals look good. COIN. Down 40%. Decent fundamentals and a strong market position. I don't think either are well deserved. But whatever. For ET, I can at least enjoy my dividends.