Topic: Coinbase IPO isn't good for Bitcoin investors and here is why🧐 (Read 376 times)
I hope you guys read the article before checking out the stock. Has gone down 70% from its peak. (as of right now)
I would love to know people's opinions that think Coinbase stock is good.
The barriers to entry as a crypto exchange is relatively small compared to any others exchanges.
That's why I think that Coinbase stock does not quite make sense. The only reason you would buy stock of an exchange as opposed to the shares traded on it is if it had a virtual monopoly status (like Nasdaq, NYSE, etc.)
We've seen how Binance and other newcomers can easily disrupt the whole trading scene. Coinbase is not only archaic in its infrastructure, its customer service is absolutely terrible.
If crypto does go mainstream, there is no way that Coinbase will be the dominant U.S. exchange - its fees are just way too high and its operations way too cumbersome.
That's why I think that Coinbase stock does not quite make sense. The only reason you would buy stock of an exchange as opposed to the shares traded on it is if it had a virtual monopoly status (like Nasdaq, NYSE, etc.)
We've seen how Binance and other newcomers can easily disrupt the whole trading scene. Coinbase is not only archaic in its infrastructure, its customer service is absolutely terrible.
If crypto does go mainstream, there is no way that Coinbase will be the dominant U.S. exchange - its fees are just way too high and its operations way too cumbersome.
And so far I've been right about it :p
February 04, 2021, 10:32:58 AM
Before you have a heart attack, the Coinbase IPO will be good for the industry because it will open more people up to cryptocurrency. However, for the woke cryptocurrency investors, the IPO is a bad investment.
Read my 2-minute article for the full story: https://forrestvisions.com/blog/coinbase-ipo-is-a-bad-investment-for-crypto-lovers/
Two things can happen in the long term:
Decentralized currencies end up dying and go down the toilet.
Well then, Coinbase will be hit hard, and you will lose money via the stock price plunging.
or
Decentralized currencies succeed and continue their uptrend.
Coinbase’s stock price goes up since they are making more profit via the exchange transaction costs. Decentralized currencies also increase, and you’re left with fiat cash that, in return, could buy less of the crypto that you believe in.
When we invest on something with the aim of making fiat money then we should not be worried about the accumulation of crypto with the same fiat we made and its just win win for both investor and company. If the currencies are not in the down trend then investors are also at the risk of losing money which is just the same with any investment kinds. Read my 2-minute article for the full story: https://forrestvisions.com/blog/coinbase-ipo-is-a-bad-investment-for-crypto-lovers/
Two things can happen in the long term:
Decentralized currencies end up dying and go down the toilet.
Well then, Coinbase will be hit hard, and you will lose money via the stock price plunging.
or
Decentralized currencies succeed and continue their uptrend.
Coinbase’s stock price goes up since they are making more profit via the exchange transaction costs. Decentralized currencies also increase, and you’re left with fiat cash that, in return, could buy less of the crypto that you believe in.
February 04, 2021, 09:59:18 AM
I dont like to store money on exchange in general and coinbase is difinetly not the best place for it. I like non-custody wallets like ownr or exodus
No one should store on an exchange. If you don't own the private keys then you don't own the Bitcoin.
February 02, 2021, 02:23:30 AM
The point I'm trying to make is that Bitcoin will be a better investment than Coinbase in the long term. I'm making an argument based on realistic views of the industry.
I'm not saying people won't buy Coinbase. I'm just saying that it won't be as good as Bitcoin.
I'm not saying people won't buy Coinbase. I'm just saying that it won't be as good as Bitcoin.
Preaching to the choir here, and that was my point. Bitcoin users aren't necessarily the same as Coinbase users (whom I don't think are likely to be wondering which is better to invest in, or in this forum looking for opinions to invest in either). They see Coinbase as their access to Bitcoin. And those who want real (actual) access, will probably have found it, and not be buying more of Coinbase.
February 01, 2021, 08:51:26 AM
I'm still not sure I get it, or am I failing to assume that Bitcoin investors are also Coinbase investors? I don't think that'll be the case. Exchange users do sometimes invest in the services they use but it's seldom at the expense of their Bitcoin holdings.
Coinbase users to me are quite a different species of crypto people from actual Bitcoin users. But I know I'm making a lot of assumptions, since I only know a handful of Coinbase users =)
Coinbase users to me are quite a different species of crypto people from actual Bitcoin users. But I know I'm making a lot of assumptions, since I only know a handful of Coinbase users =)
The point I'm trying to make is that Bitcoin will be a better investment than Coinbase in the long term. I'm making an argument based on realistic views of the industry.
I'm not saying people won't buy Coinbase. I'm just saying that it won't be as good as Bitcoin.
January 30, 2021, 12:37:19 PM
well, this is mean more regulation to be applied to Coinbase since they are open for public offering.
They will become more "regulation friendly" that might accept any regulation that could harm their users.
Since they are big enough in this crypto industry, any negative things that happen in their stock price could affect the crypto industry and vice versa.
the Coinbase IPO will give the crypto industry 1 and 0 output.
They will become more "regulation friendly" that might accept any regulation that could harm their users.
Since they are big enough in this crypto industry, any negative things that happen in their stock price could affect the crypto industry and vice versa.
the Coinbase IPO will give the crypto industry 1 and 0 output.
January 30, 2021, 10:34:07 AM
I dont like to store money on exchange in general and coinbase is difinetly not the best place for it. I like non-custody wallets like ownr or exodus
January 30, 2021, 10:24:53 AM
I'm still not sure I get it, or am I failing to assume that Bitcoin investors are also Coinbase investors? I don't think that'll be the case. Exchange users do sometimes invest in the services they use but it's seldom at the expense of their Bitcoin holdings.
Coinbase users to me are quite a different species of crypto people from actual Bitcoin users. But I know I'm making a lot of assumptions, since I only know a handful of Coinbase users =)
Coinbase users to me are quite a different species of crypto people from actual Bitcoin users. But I know I'm making a lot of assumptions, since I only know a handful of Coinbase users =)
January 30, 2021, 04:46:40 AM
So, can I trust Coinbase anymore? I've been worrying about this these days, bitcoin is really important for me, I can take no risk of losing it 
I mean, Coinbase aren't going to sudden try to exit scam, so in that sense, you can still "trust" Coinbase.However, Coinbase are not an ethical company. They frequently lock accounts with little to no reason, provide little to no recourse, keep users waiting for weeks or months without access to their coins, and demand ever more ridiculous amounts of KYC. Their servers "crash" whenever bitcoin moves by more than a few percent and users are locked out of trading. They insider traded the launch of BCash to make themselves profit. They bought out and incorporated a company and employees who were previously designing hardware and software which was being sold to dictators and used to suppress citizens and contribute to human rights abuse. They continue to make blockchain analysis and privacy invading software, and lease that software out to various governments and three letter agencies. They are now going to be focused even more on generating profits for their shareholders and even less on caring about their users. I wouldn't trust Coinbase to hold a single satoshi of my money.
As above, if you are holding bitcoin on Coinbase, you would do well to withdraw it and hold it in your wallet.
January 29, 2021, 08:40:45 AM
So, can I trust Coinbase anymore? I've been worrying about this these days, bitcoin is really important for me, I can take no risk of losing it
I'm not really sure what you mean. If you have Bitcoin on Coinbase that you're not going to actively trade, then I would remove it and keep it in on a hardware wallet. If you don't own your keys then it isn't your Bitcoin.
January 28, 2021, 08:17:28 PM
So, can I trust Coinbase anymore? I've been worrying about this these days, bitcoin is really important for me, I can take no risk of losing it
January 28, 2021, 07:13:14 PM
Coinbase IPO will run according to the US SEC rules and regulations because the centralization features were the top priority of coinbase from the beginning but I don't see their IPO making decentralized coin to end up die cause the exchange only implement a hard rule on their users and that's not meant there IPO to bad to the Bitcoin investors. However, the exchange is not good for every individual whose KYC is a no go area for him.
Investing in the Coinbase IPO doesn't make sense to me when there is Bitcoin available but to each their own.
Coinbase IPO will run according to the US SEC rules and regulations because the centralization features were the top priority of coinbase from the beginning but I don't see their IPO making decentralized coin to end up die cause the exchange only implement a hard rule on their users and that's not meant there IPO to bad to the Bitcoin investors. However, the exchange is not good for every individual whose KYC is a no go area for him.
Investing in the Coinbase IPO doesn't make sense to me when there is Bitcoin available but to each their own. i believe it is more on your investment preferences here. some people will see good opp in this coinbase IPO, whereas, others will see it as not worth their money.
but either way, still good for the crypto in general. i think there are new investors that will join this IPO. as coinbase already established their position in the crypto market.
Coinbase is a well establish wallet but both old and new customer shouldn't invest in their IPO cause coinbase will have a be legal information that will make them innocent in the future 
January 28, 2021, 05:04:08 PM
Indeed it isn't good. Public traded companies have different responsibilities and less freedom.
They're already heavily regulated by the US federal government and no doubt by the state(s) in which they operate. But yeah, once Coinbase goes public, I bet you a lot of their policies will change--and not to their customers' liking. From Coinbase's point of view, however, I can't say it's a bad idea. I'm actually kind of surprised they didn't go public before, given that there's been a tech boom 2.0 going on for a few years now. I can't stand them as an exchange but I do hope they're successful whatever they do, as it reflects on the crypto world as a whole.
I won't be buying any of their stock, though.
January 28, 2021, 04:19:05 PM
Investing in the Coinbase IPO doesn't make sense to me when there is Bitcoin available but to each their own.
Perhaps on the average Joes like us, Coinbase IPO wouldn't really make sense. But to those who have deep pockets ready to shell out hundreds of millions in one go, and are afraid of risking their money on a highly-volatile asset such as bitcoin, investing on the platform that facilitates the trade is really sensible and risk-free.
There are a number of reasons why this IPO is good for the institutional investors. They can get the profits whenever they like without worrying about the shape of the crypto market. Given the hype surrounding bitcoin as of late, exchanges are pretty much collecting trade fees 24/7. It would only grow from here since huge companies are already involved. This means Coinbase can pay dividends, the investors just sit back, relax and collect profits no matter the weather.
January 28, 2021, 04:15:05 PM
Investing in the Coinbase IPO doesn't make sense to me when there is Bitcoin available but to each their own.
This is where it starts to look at the preference of other investors. Today, you say that investing in CB's IPO doesn't make sense. But for other optimistic investors, see it as a good start to see a crypto company launching its own IPO. At end of it, it's just all about CB's business and the effect of it on bitcoin isn't directly going to impact. However, it's a crypto-related company for which it can change someone's ideology about cryptos, especially those who keep on flaming the bitcoin community and keeps on telling bitcoin isn't worth money because of what Coinbase offers. 
January 28, 2021, 04:07:16 PM
Coinbase IPO will run according to the US SEC rules and regulations because the centralization features were the top priority of coinbase from the beginning but I don't see their IPO making decentralized coin to end up die cause the exchange only implement a hard rule on their users and that's not meant there IPO to bad to the Bitcoin investors. However, the exchange is not good for every individual whose KYC is a no go area for him.
Investing in the Coinbase IPO doesn't make sense to me when there is Bitcoin available but to each their own. i believe it is more on your investment preferences here. some people will see good opp in this coinbase IPO, whereas, others will see it as not worth their money.
but either way, still good for the crypto in general. i think there are new investors that will join this IPO. as coinbase already established their position in the crypto market. some newcomers tend to trust the familiar name in the industry.
but of course, if you are already deep in crypto, you wont opt to invest in this IPO, you have your eyes on other things, which is very understandable
January 28, 2021, 03:56:20 PM
Coinbase IPO will run according to the US SEC rules and regulations because the centralization features were the top priority of coinbase from the beginning but I don't see their IPO making decentralized coin to end up die cause the exchange only implement a hard rule on their users and that's not meant there IPO to bad to the Bitcoin investors. However, the exchange is not good for every individual whose KYC is a no go area for him.
Investing in the Coinbase IPO doesn't make sense to me when there is Bitcoin available but to each their own.
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