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Topic: If you are investing in the stock market, coinbase is good to invest in now! - page 2. (Read 205 times)

legendary
Activity: 1596
Merit: 1288
Stocks move at a much slower pace than Bitcoin. If you invest in Coinbase, let the price rise. The price of Bitcoin must rise and positive things should happen regarding Coinbase. Otherwise, the stock price will not react. instead of the possibility of making a profit being dependent on one condition, which is the rise in the price of Bitcoin, it now becomes dependent on There are two conditions, which is that there are no legal problems in Coinbase, the easier way is the best and buy Bitcoin.
legendary
Activity: 3248
Merit: 1402
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At first I was skeptical, but after reading more arguments in the thread, I'm convinced that it makes sense. Coinbase is a solid company, and ETF approvals would be very beneficial for it. But they'd also be beneficial for Bitcoin, so why not just invest in it instead? Is buying Coinbase stock as simple as buying some Bitcoin? If you do it through NASDAQ, it has a minimum of $3k to open an account. Are there other ways with stocks that don't require a pretty big minimum?

sr. member
Activity: 546
Merit: 450
Fine by Time
However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.

6 uses Coinbase as their custodia wallet. This is just a start, and Coinbase is among the biggest exchanges they can trust for the moment, but after this approval and things start getting more interesting, more revenue is supposed to be pumping in as their investors demand will increase. Do you think they will continue to use Coinbase as their custodia wallet?

I believe there have been some sort of contract agreement between Coinbase and each of those approved ETF. With that, there is a period of which the contract would stay before it ends. If before it expires they have made plans to get a their own security wallet. Then that is a good thing as investors would trust them more since they are in charge of holding the funds.

However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.
 
What do you think will stop them from having their own private wallet for reserve, or is there anything on the approval that will restrict them from having their backup bitcoin held by them, like creating a multi-signature wallet and keeping all their ratios, or does Coinbase provide some form of insurance for the funds that they store with them? I'm just asking, as there might be some sort of rule to follow for the 1:1 ratio as per what they are to offer to trade in the stock market.
Coinbase has proven they can secure large amount of funds. And they believe they have higher security measures since they have been in the business for long. One hindrance for the ETF to have their own private wallet should be security. How certain they can provide maximum security for the amount of Bitcoin that would be in that wallet? This is blockchain and this companies are new to providing blockchain services to their investors. Which we know that Bitcoin is the first. To avoid hacks and theft let them focus on using Coinbase for now until they are capabole of haveing their own security wallet.
hero member
Activity: 2114
Merit: 603
I would say how about trying it out considering they have started something new. ETF approval was a dream until last year and today if that's approved then it means something. Many users who were waiting for this, might have already bought a lot of shares from Coinbase. Apart from the technical perspective imagine the other crowd that will be investing just because they see some new developments from the SEC for the sake of investment. Meaning, there will be FOMO investment in this share, as it is a brand new concept and well some of them would be buying actual shares rather than buying and holding bitcoins in their wallet.

However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.

6 uses Coinbase as their custodia wallet. This is just a start, and Coinbase is among the biggest exchanges they can trust for the moment, but after this approval and things start getting more interesting, more revenue is supposed to be pumping in as their investors demand will increase. Do you think they will continue to use Coinbase as their custodia wallet?
 
What do you think will stop them from having their own private wallet for reserve, or is there anything on the approval that will restrict them from having their backup bitcoin held by them, like creating a multi-signature wallet and keeping all their ratios, or does Coinbase provide some form of insurance for the funds that they store with them? I'm just asking, as there might be some sort of rule to follow for the 1:1 ratio as per what they are to offer to trade in the stock market.

For the reason of profits. I think Coinbase share price will boost a lot as a result of investment opportunities. On the other hand holding Bitcoin is a work of patience and it takes a lot of time to get good profits out of it. Now I am individual who like to hold onto bitcoin but I am just stating a perspective of many peeps who are still keeping safe mind before investing directly into bitcoin.
hero member
Activity: 798
Merit: 702
However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.

6 uses Coinbase as their custodia wallet. This is just a start, and Coinbase is among the biggest exchanges they can trust for the moment, but after this approval and things start getting more interesting, more revenue is supposed to be pumping in as their investors demand will increase. Do you think they will continue to use Coinbase as their custodia wallet?
 
What do you think will stop them from having their own private wallet for reserve, or is there anything on the approval that will restrict them from having their backup bitcoin held by them, like creating a multi-signature wallet and keeping all their ratios, or does Coinbase provide some form of insurance for the funds that they store with them? I'm just asking, as there might be some sort of rule to follow for the 1:1 ratio as per what they are to offer to trade in the stock market.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
Yes, if you are an investor that loves investing in the stock market. This is a good time to buy the Coinbase stock inside the stock exchange market. We are going to see the Coinbase stock price go high soon, and this is because all those ETF that were approved by the SEC cannot hold the bitcoin. Since the SEC said if an investor invest x amount of Bitcoin in any ETF the ETF should be able to hold exactly x amount in a secured wallet for the investor.

However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.

What are thoughts as well?

Is that all the reason that justifies why investors should hold Coinbase shares? I don't and I will not hold their shares because that is not concrete reason enough for me. First of all, Coinabase is nothing but a centralized exchange, they are not different from Binance, Okex and others but because they are situated in the US and fully regulated, they couldn't launch a token like other centralised exchanges so they decided to go the traditional way to launch shares which were circulated among the top venture capitalist, only a few was given to the public, that said.

Coinbase is holding ETF Bitcoin because they are experienced in the games and the ETF companies don't want to risk any hack attempt and this is just like Binance and Kucoin holding user Bitcoin, is there any difference between this and the custodial platforms that we had already? They probably have more Bitcoin in custody than what Coinbase will hold with this approval, so what's new here? Nothing my friend.
legendary
Activity: 2702
Merit: 4002
It is logical thinking, but what prevents these funds from creating a platform like Coinbase? It will open the door to everyone who wants to invest in Bitcoin and thus guaranteed demand. They can contract with mining pools to ensure a stable supply of Bitcoin, so at the present time both Coinbase and the shares of mining companies will have a good profit. .
legendary
Activity: 1946
Merit: 1100
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I think Coinbase's custodianship of several of these ETFs makes them an appealing investment. The stock of these ETFs could rise as they hold more Bitcoin, and Coinbase is a big secure storage provider. The merging of bitcoin with stock market investing is exciting

Though I'm a big fan of Bitcoin, I understand the need of research when investing. Technology, regulation, and market attitudes make the crypto market complex. Bitcoin's long-term prospects and its favorable influence on Coinbase are good, but research and risk management are crucial. In the fascinating but volatile world of crypto and stock investment, remaining knowledgeable and adaptable is crucial
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
What are thoughts as well?
Coinbase will indeed serve a the custodian of BlackRock, VanEck, and Grayscale. This could boost the trust level and reputation of Coinbase which could positively impact its shares. Subscriptions and other services would help boost the revenue of the company which could make the company attract more investors. But we should also be aware of the fact that Coinbase has a legal battle with the SEC that could have adverse consequences on the firm. They have been accused of operating an unregistered service and this could lead to some sanctions like fines just like the one Binance suffered.

However, I checked Coinbase stocks and discovered that the ETF approval didn't really contribute to its growth. Anyone investing should do more research because the ETF might not necessarily mean that Coinbase stock will be viable. There are other factors that every investor should consider before putting in funds.
sr. member
Activity: 546
Merit: 450
Fine by Time
Yes, if you are an investor that loves investing in the stock market. This is a good time to buy the Coinbase stock inside the stock exchange market. We are going to see the Coinbase stock price go high soon, and this is because all those ETF that were approved by the SEC cannot hold the bitcoin. Since the SEC said if an investor invest x amount of Bitcoin in any ETF the ETF should be able to hold exactly x amount in a secured wallet for the investor.

However, out of the 11 Bitcoin ETF that was approved. About 6 uses Coinbase as a custodian wallet. This is why there will be increase in the price of Coinbase in the stock market as there will be a substantial amount of Bitcoin going into Coinbase soon.

What are thoughts as well?
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