Topic: Coinbase IPO isn't good for Bitcoin investors and here is why🧐 (Read 333 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, 11:32:58 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, 10:59:18 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, 03:23:30 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, 09:51:26 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, 01:37:19 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, 11:34:07 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, 11:24:53 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, 05:46:40 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, 09:40:45 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, 09:17:28 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, 08:13:14 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, 06:04:08 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, 05:19:05 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, 05:15:05 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, 05:07:16 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, 04:56:20 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.
January 26, 2021, 06:14:16 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.
January 26, 2021, 06:10:45 PM
No crypto trader/investor is going to buy Coinbase stocks,so your argument is pointless.
Maybe you didn't read the thread.
January 26, 2021, 05:04:00 PM
There is no way the stock will hold a $28B value if cryptocurrency is tanking or in a bear market. The demand just isn't there.
why not? that's arbitrary, especially when the whole stock market is a bubble. seen TSLA lately?
you're thinking in terms of the old paradigm where a bear market = "bitcoin is dead" and a 90% drop in price---not one where bitcoin is popularly acknowledged as a legitimate store-of-value asset next to gold, and where wall street and publicly owned companies are invested in bitcoin.
coinbase is the biggest spot exchange on the american market. if commodities were in a bear market, would the value of CME go to shit? of course not. coinbase is, to mainstream/institutional investors, vital infrastructure in a legitimate new asset class. that's huge.....
IMO it only makes sense to either stay away from crypto, or buy the assets. (In the long term)
i'm certainly in the latter camp, but tbh this is like comparing bond investment with tech stock investment. there are people who want predictable ROI (bond investors), and there are people who wanna speculate on riskier assets. to each their own.
January 26, 2021, 12:06:38 PM
It is good for Coinbase and for institutes who don't care about privacy or anonymity. Coinbase is bad for privacy and anonymity and it is bad for real bitcoiners. Not all people who invest in bitcoin are bitcoiners and they don't have interest in privacy or anonymity.
I have my neutral opinion with Coinbase as they bring something good and some opposite bad things.
Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again.
I have my neutral opinion with Coinbase as they bring something good and some opposite bad things.
Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again.
January 26, 2021, 11:59:48 AM
No crypto trader/investor is going to buy Coinbase stocks,so your argument is pointless.
Crypto traders and investors will keep buying cryptocurrencies,and Coinbase is just one of many competing platforms,where the investors can buy crypto coins.
Crypto traders and investors will keep buying cryptocurrencies,and Coinbase is just one of many competing platforms,where the investors can buy crypto coins.
Ehh, not really. As an investor, you can invest in both cryptocurrencies and stocks. It isn't necessarily one or the other lol, especially if you're more of an investor that likes to hedge risks by spreading out asset classes. In fact, I myself, a full-fledged bitcoin enthusiast for 5 years, have contemplated with investing in Coinbase's IPO solely for monetary purposes(depending on valuation, of course).
January 26, 2021, 11:51:52 AM
It means more money coming in to Coinbase's pockets. It doesn't mean any more money being used to buy bitcoin or pump the price.
At the first moment ipo money will go to owners of coinbase which are selling shares of the company. This is what am ipo is..
Then the company will most probably expand , to increase profits, pay dividends and so on.
Company will be more transparent as any company that has shares in stock market must comply to a lot of regulations related to accountability, showing all their balances , and so on.i think it will be safer to use coinbase in some ways if you don't care about kyc
Just like any broker. I am not afraid of sending my money to a broker, but I am afraid of sending it to coinbase now.
As the company expands, it will naturally attract more people and institutions to buy bitcoin.
January 26, 2021, 09:31:16 AM
First of all, Coinbase will target institutional ivnestors. This is good for whoever holds bitcoin, because more money coming in.
It means more money coming in to Coinbase's pockets. It doesn't mean any more money being used to buy bitcoin or pump the price.So from the stock market listing they will have access to funds which they can invest further to innovate their products and probably bring in new products and services which will further widen their business horizon.
I wouldn't count on it. It took Coinbase until last year to finally implement transaction batching, which is an incredibly basic technology which far smaller exchanges and services have been using for years. Coinbase aren't exactly known for their cutting edge development. This will be pure profit for them, nothing more.The only bad thing about Coinbase being publicly listed,is the fact that the new shareholders will demand bigger profits from Coinbase,so the company will have to increase their service fees.This move will disappoint many crypto users,so they will decide to leave Coinbase.
I doubt they will increase their fees. More likely, their business decisions will just be driven by whatever makes them the most profits at the expense of the users. Insider trade like they did during BCash launch? Implement support for a bunch of shitcoins which their users will lose money on, but they will profit from fees on? Increase the number of government agencies they lease out their privacy invading blockchain analysis software to? All bad for customers, but great for shareholders. Still, if this convinces people to finally leave Coinbase, then that's probably the only good thing that will come out of it. January 26, 2021, 09:27:58 AM
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.
a lot of people have the warren buffett mindset---they don't necessarily want to touch speculative assets like bitcoin, but they do want to own equity in profitable bitcoin businesses. buffett hates gold as an investment but recently bought into a gold mining company. same idea there.
there is something i wonder about. coinbase collects fees in cryptocurrency on at least one side of every trade, and has been for many years. does anyone know if they've been keeping any of it as reserves, as opposed to liquidating all of it? i reckon coinbase may already have significant bitcoin/crypto treasuries, like microstrategy and other publicly owned companies are just beginning to have.
also, coinbase, as the biggest american exchange, will make good money whether it's a bull market, bear market, whatever. in a crypto bear market, their stock price may dip on expectations of decreased earnings but i reckon it'll hold up much better than cryptocurrencies will.
There is no way the stock will hold a $28B value if cryptocurrency is tanking or in a bear market. The demand just isn't there.
IMO it only makes sense to either stay away from crypto, or buy the assets. (In the long term)
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.
a lot of people have the warren buffett mindset---they don't necessarily want to touch speculative assets like bitcoin, but they do want to own equity in profitable bitcoin businesses. buffett hates gold as an investment but recently bought into a gold mining company. same idea there.
there is something i wonder about. coinbase collects fees in cryptocurrency on at least one side of every trade, and has been for many years. does anyone know if they've been keeping any of it as reserves, as opposed to liquidating all of it? i reckon coinbase may already have significant bitcoin/crypto treasuries, like microstrategy and other publicly owned companies are just beginning to have.
also, coinbase, as the biggest american exchange, will make good money whether it's a bull market, bear market, whatever. in a crypto bear market, their stock price may dip on expectations of decreased earnings but i reckon it'll hold up much better than cryptocurrencies will.
No crypto trader/investor is going to buy Coinbase stocks,so your argument is pointless.
Crypto traders and investors will keep buying cryptocurrencies,and Coinbase is just one of many competing platforms,where the investors can buy crypto coins.
The only bad thing about Coinbase being publicly listed,is the fact that the new shareholders will demand bigger profits from Coinbase,so the company will have to increase their service fees.This move will disappoint many crypto users,so they will decide to leave Coinbase.
Crypto traders and investors will keep buying cryptocurrencies,and Coinbase is just one of many competing platforms,where the investors can buy crypto coins.
The only bad thing about Coinbase being publicly listed,is the fact that the new shareholders will demand bigger profits from Coinbase,so the company will have to increase their service fees.This move will disappoint many crypto users,so they will decide to leave Coinbase.
Well, a cryptocurrency exchange and a stock market IPO, are positioned differently for different types of investors. We need to remember that Coinbase is one of the oldest crypto wallet providers in the market who had later jumped into becoming an exchange. They have done extremely well in the past and still going strong. So from business perspective, I can see great potential.
So from the stock market listing they will have access to funds which they can invest further to innovate their products and probably bring in new products and services which will further widen their business horizon. Cryptocurrencies are just 11 years old market with a very less penetration among world mass!
So I only see huge opportunities for now! I think it's a must have stock in anyone's portfolio regardless of the future of decentralized currencies. If decentralized cryptos end up dying, new currencies will be created and positioned into the market to fill the gap quickly. We don't have to worry just as now!
So from the stock market listing they will have access to funds which they can invest further to innovate their products and probably bring in new products and services which will further widen their business horizon. Cryptocurrencies are just 11 years old market with a very less penetration among world mass!
So I only see huge opportunities for now! I think it's a must have stock in anyone's portfolio regardless of the future of decentralized currencies. If decentralized cryptos end up dying, new currencies will be created and positioned into the market to fill the gap quickly. We don't have to worry just as now!
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.
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.
IMO that Coinbase IPO is really bad of the users of Coinbase itself, On the first place, coinbase shouldnt have released that IPO for their investors and even up to this date, it is actually a controversial one because of the big risks that it brings
I can't why Coinbase IPO would be bad for bitcoin investors and users.
First of all, Coinbase will target institutional ivnestors. This is good for whoever holds bitcoin, because more money coming in.
Second, Coinbase stocks will also be an amazing alternative for investors who wants to get exposure to bitcoin, but due to regulations cannot by it directly. For example, pension funds. They cannot buy bitcoin, but they can buy a stock of a company that is deeply involved with bitcoin.
Long term, this is the future. We will see in the future more and more IPOs of cryptocurrency related companies. Sadly, ICOs are often related to scams and I don't think big companies consider ICO something serious anymore. An ICO may also hurt a company image.
First of all, Coinbase will target institutional ivnestors. This is good for whoever holds bitcoin, because more money coming in.
Second, Coinbase stocks will also be an amazing alternative for investors who wants to get exposure to bitcoin, but due to regulations cannot by it directly. For example, pension funds. They cannot buy bitcoin, but they can buy a stock of a company that is deeply involved with bitcoin.
Long term, this is the future. We will see in the future more and more IPOs of cryptocurrency related companies. Sadly, ICOs are often related to scams and I don't think big companies consider ICO something serious anymore. An ICO may also hurt a company image.
Coinbase IPO is bad for Coinbase users, but when have Coinbase ever actually cared about their users?
Coinbase IPO is targeted at institutional investors, hedge funds, venture capitalists, etc. The average user will not be able to buy in until the price is already massively inflated and is therefore likely to make a loss or only very marginal gains, all the while pushing the price up and making profit for the big players who were allowed to get in early. This IPO will make Coinbase and the large financial institutions we are trying to escape profit, and does nothing for the average users.
Further, after this IPO, Coinbase now have a duty to make profit for their shareholders above all else. Coinbase have always prioritized making profits at the expense of their users, but this will just make it even worse. Expect worse customer service, more regulations and KYC, more "unexpected" down time, worse fees, and so on.
Coinbase IPO is targeted at institutional investors, hedge funds, venture capitalists, etc. The average user will not be able to buy in until the price is already massively inflated and is therefore likely to make a loss or only very marginal gains, all the while pushing the price up and making profit for the big players who were allowed to get in early. This IPO will make Coinbase and the large financial institutions we are trying to escape profit, and does nothing for the average users.
Further, after this IPO, Coinbase now have a duty to make profit for their shareholders above all else. Coinbase have always prioritized making profits at the expense of their users, but this will just make it even worse. Expect worse customer service, more regulations and KYC, more "unexpected" down time, worse fees, and so on.
You do have a legit concern and if decentralized currencies die (more chances of that happening), it could be worse than the latter option. So, the best choice would be to act smart, Moreover, all of this goes against the very concept of decentralization.
Indeed it isn't good. Public traded companies have different responsibilities and less freedom.
But I admire their optimism that can drive a significant change through all crypto businesses - the $28bn valuation (https://twitter.com/asiahodl/status/1339780409542942720).
But I admire their optimism that can drive a significant change through all crypto businesses - the $28bn valuation (https://twitter.com/asiahodl/status/1339780409542942720).
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.
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.
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