If you are investing in the stock market, coinbase is good to invest in now!

WillyAp

member

Activity: 672

Merit: 16

Looking for guilt best look first into a mirror

Quote from: 8rch7 on January 13, 2024, 03:09:33 PM

Have been several weeks we loss access with Coinbase exchange and there are restrict when using our local IP, seems difficult if use VPN but data used for KYC still detected come from my country.

What kind of VPN do you use?
Bought or self hosted OpenVpn?

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

Stock market is very different from crypto market, stock price doesn't rise fast based on any trend it needs long time for stock price to rise, so investors need to be patient and know about stock market. But the way you confidently advise investors to buy coinbase stock, if someone listens to your advice and decides to make an investment and makes a loss, it will not look good. So hopefully you will definitely discuss the risk while giving such investment advice.

8rch7

sr. member

Activity: 1344

Merit: 459

Vave.com - Crypto Casino

I don't sure with OP recommended with Coinbase is the best place for investing because in my country Indonesia they have restrict operation and can't access trough our IP country. I don't know what problem come from between our government have suspended for Coinbase or that exchange have restrict with user come from my country, if take side from government seems impossible because many global exchange can access well in my country and our government not close or suspended for using coinbase exchange.
Have been several weeks we loss access with Coinbase exchange and there are restrict when using our local IP, seems difficult if use VPN but data used for KYC still detected come from my country.

WillyAp

member

Activity: 672

Merit: 16

Looking for guilt best look first into a mirror

My thoughts are that Blackrock management is uniformed about Crypto, and Bitcoin in special.
And investors seem to be more informed. First the ETF buyers only get a paper about their share of the coins.
Second Blackrock is not able to store the coins, most likely due to the lack of information.

Mauser

hero member

Activity: 1974

Merit: 534

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

I do like to invest in stocks, but I haven't bought any single stocks since university. For me the best type of investing in the stock market is with ETFs, I prefer to hold broad indices that don't cost a lot to buy or have high fees. For anybody with limited time like me, it's so much better to have a well diversified portfolio that grows over time, than go run behind trades where I miss to get out on time. Having a large portfolio of single stock requires a lot of risk management to only a achieve a slightly higher return. Last year most indices made between 10-20% which is a lot if you don't have to invest any additional work to screen for investment opportunities and monitor your portfolio constantly. I prefer to use my time for crypto investments and stick to passive investing in the stock market.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

What is this, a stock tip thread? OP, you might want to disclose how many shares you own in Coinbase, if any--not for any legal reasons but so we can judge how much of a conflict of interest there is. Then again, you could say anything and nobody would know the truth, so...

I'm not sure if COIN is a good stock to invest in or not, but I don't like their business practices (such as dropping customers in an instant with no explanation given) or the US government's influence on them, which is something they're likely not disclosing the extent of in their filings. But one thing they do have going for them that other companies in the crypto space don't is a positive P/E. In other words, they're profitable. I just don't know how they're going to fare long-term. None of us do, since nobody here knows what's going to happen with crypto even one year from now--so COIN is a risky stock to invest in at best.

And oh, this talk about a bitcoin ETF! I've been hearing about it and its supposed importance for years now, yet it never really seems to make a lick of difference every time the SEC rejects it.

Fortify

legendary

Activity: 2688

Merit: 1192

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

This idea is about 6 months late to the party, as with most speculators. Coinbase was at the floor back then, but now it is just as high and as volatile as bitcoin. If you want to invest in something right now, because crypto seems to be on a high, then you might as well go directly to the source instead of adding a middleman in between that is going to sap out some of the profit. Coinbase was definitely worth a punt a year ago, but nobody could have known that bitcoin would make the resurgence that it has - but you would have made more money from buying this stock at the time. This is all in hindsight now and there is no special value in this company at the current price, so it's an old news story and a poor investment plan.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

They were always good to invest, only issue was that when they had their IPO they were invested way too heavily, which made them way too high for what they actually worth, and eventually they dropped to a realistic level, which many people assumed coinbase was doing terrible.

Reality was that they were doing fine, they were always doing fine, even during bear period they were doing fine, the issue they had was not regarding their revenue or profitability, it was regarding high IPO price, then they were okay. Ever since that drop, they were fine to invest and I bet in the next 1 to 2 years they are going to get even better, it is inevitable, with the bull run coming the volumes will go up meaning more trades meaning more profits for them.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

What are thoughts as well?

I completely agree with your thoughts and I thought about this a month ago as news about ETFs grew. Once the ETF is approved, it can be said that Coinbase(COIN) stock will be the biggest beneficiary, and the reason is as you mentioned. Furthermore, Coinbase also announced that they will soon expand their market and allow investors worldwide to use their platform. As far as I know, everything is being prepared and they will soon release a global version of coinbase exchange for users everywhere in the world. I thought about it but in the end, I didn't invest because I don't like investing in stocks, I prefer cryptocurrencies and forex.

blockman

hero member

Activity: 3066

Merit: 629

Vave.com - Crypto Casino

While the media is telling that they're speculating it to drop some soon.
(https://www.cnbc.com/2024/01/10/bitcoin-etfs-threaten-coinbase-after-stock-rose-almost-400percent-in-2023.html)
This is how they're controlling the market and manipulating the emotions of everyone whether you're new or not, you can't just pass on this feeling. I won't be investing on Coinbase but those that are diversifying and has got a lot of money with the stocks, they know what they're doing if they'll be buying some $COIN as their stock.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

Well, that's exactly what will happen there. To be honest, those investors who are used to just taking money out of stocks or investing in them are different now because they will be able to directly buy Bitcoin without hesitation, unlike before. It's not like they will really hesitate a bit.

But right now, I can't say where it's good to invest, as long as you do your own research and don't have anyone else to blame. And besides, this is our free will to do in the field of crypto space.

Churchillvv

member

Activity: 66

Merit: 5

Eloncoin.org - Mars, here we come!

Buying shares is good because of the agreement's dependence, especially when it tends to bring great rewards. The Coinbase stock market might yield good profits for its investors, but my issue is: if there are no good incidents that could lead to an increase in the price of an investment, what then becomes the fate of the investors?
I don't know much about stock market investment, but I don't really think of it as a better way to invest. Instead of buying a branch that depends on the tree to grow, why not buy the tree itself and water it to grow in the way you want? I know this is just a mere suggestion for people who might be interested, so I wouldn't criticize your opinion, but if you were capable of investing in the stock market, Coinbase wouldn't be an option.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

not a stock investor but would it take effect already after this BTC ETF?

i think it's only Blackrock that will be using Coinbase as a custodian for their ETF investors. i could be wrong yet Cattie Woods dumped her Coinbase shares just last month. if there is someone who has first-hand info on this, she should be one who will be trying to keep those shares for the speculated growth. but instead, she sold them.

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

What are thoughts as well?

No! Coinbase stock lost 6% today because of the Spot ETF approval. You may be wondering how that can be.

Quite simply: 11 ETFs have been approved, each of which costs an annual fee of 0.2 to 0.9%. So they are pretty cheap. At Coinbase and other exchanges, the fees are significantly higher. Coinbase will not benefit from this, especially as it is foreseeable that ETFs for other major coins will soon follow. I even believe that yesterday marked the beginning of the descent of the big exchanges.

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

It is still a matter of looking forward to the journey of development of bitcoin, and instead of choosing coinbase, for me (a small investor), I will choose to prioritize bitcoin as the main investment vehicle.

I have to be honest, I know the safety/risks of investing in stocks, but obviously, with being in the cryptocurrency space and knowing about bitcoin, I don't want to easily add to my investment portfolio. Anyway perhaps this is definitely good news for further bitcoin adoption, we have now also had our historic moment and the next journey will be much bigger.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

You are making good points my friend, this is constructive enough and in most cases, people miss opportunities if they can't think the way you just thought now. Whether it will happen as you predicted or not, I know that Coinbase stocks can't ever have it less with the ETF approval, all major tokens and BNB are now trying to move up due to this, so the same is expected of Coinbase stocks as well even if it is not categorised as a cryptocurrency. Though I do not know much about where the ETF companies are holding their assets, I've not even taken my time to study those companies, but when they have gotten what they wanted now, they could have more power and reason to break away from Coinbase.

They can have more access to loans and partnerships if that is what will be needed to have the much-needed capability to stand alone. To even have their asset with Coinbase if it is true shows how little they are in size and also reveals that they might still not be ready enough for the business as many had believed. Therefore, there is a need for advancement and a better package than it is now. For this, I believe they would be planning better than the current standing which might not entirely relate to what the Coinbase market would react to due to this.

m2017

legendary

Activity: 1792

Merit: 1296

Crypto Casino and Sportsbook

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

If your investment recommendation turns out to be wrong and the investor who followed your advice loses his money, will you be liable to pay for the losses?

Therefore, you should not throw away investment advice with such confidence. If you think that your forecast is true, then invest on your own, risking only your own money. There is no need to expose others to dubious investments.

Coinbase stock may rise in price after approval of bicoin ETF by the SEC as much as it may fall in price. This is no different from playing roulette.

bitLeap

sr. member

Activity: 1204

Merit: 486

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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?

I haven't thought about investing in Coinbase but with income like this it seems reasonable to start. But it takes a little research because maybe I'm used to investing in Bitcoin so when I try to invest in shares there are certain adjustments to be comfortable. To be honest, because it doesn't really have much interest, here Coinbase is a kind of safe for BlackRock in achieving its goals regarding Bitcoin ETFs with regulatory support. It's no surprise to choose Coinbase as the option. So to start investing in Coinbase Stock do I have to agree to KYC?

Jawhead999

legendary

Activity: 1834

Merit: 1208

Quote from: icalical on January 11, 2024, 07:52:48 AM

Well, I am not really into stock nowadays, but after I read OP thread, it's kind of weird isn't it? The SEC said that the ETF should hold the same BTC as the ETF investors amount in the SECURED, but then those ETFs choose to put their investors money on the custodial wallet. So, what will those ETF do if Coinbase got hacked, or for some reason their fund is frozen.

I think that custodial wallet is not really secure, those ETF should have their own cold wallet or at least a non-custodial wallet.

I believe people who interested with ETFs is Average Joe who don't believe in Bitcoin due to not supported by government or think it's not secure. Coinbase do have cold storage, but can you believe they're honest? or it just to convince people? not to mention they might make a silly mistake.

Even though buy Bitcoin ETFs looks not good, but there's no difference with people who buy and hold their Bitcoin in centralized exchange.

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

Well, I am not really into stock nowadays, but after I read OP thread, it's kind of weird isn't it? The SEC said that the ETF should hold the same BTC as the ETF investors amount in the SECURED, but then those ETFs choose to put their investors money on the custodial wallet. So, what will those ETF do if Coinbase got hacked, or for some reason their fund is frozen.

I think that custodial wallet is not really secure, those ETF should have their own cold wallet or at least a non-custodial wallet.

Husires

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.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

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?

Agbamoni

sr. member

Activity: 518

Merit: 418

Fine by Time

Quote from: Nwada001 on January 11, 2024, 04:11:41 AM

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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.

Quote from: Nwada001 on January 11, 2024, 04:11:41 AM

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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.

so98nn

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.

Quote from: Nwada001 on January 11, 2024, 04:11:41 AM

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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.

Nwada001

hero member

Activity: 700

Merit: 673

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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.

hugeblack

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. .

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

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

Fiatless

hero member

Activity: 574

Merit: 554

Leading Crypto Sports Betting & Casino Platform

Quote from: Agbamoni on January 10, 2024, 10:02:06 PM

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.

Agbamoni

sr. member

Activity: 518

Merit: 418

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?

Topic: If you are investing in the stock market, coinbase is good to invest in now! (Read 204 times)