What's next after Coinbase IPO? | Bitcointalksearch.org

Renampun

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Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

Oh, goodness! I feel so regret to hesitate to buy Coinbase stock after it launches. Could it be further increased?

https://www.coindesk.com/btig-initiates-coinbase-coverage-500-price-target

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

I don't think Binance and Kucoin will follow Coinbase's footsteps...
but others such as Kraken, electrum, or ledger might follow Coinbase's footsteps. Binance is the strongest exchange at the moment IMO, if they do an IPO it will be very detrimental to Binance itself, it is better that Binance remains as it is now.

dkbit98

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Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

Kraken and Jesse Powell already announced they will probably do the same after they see how market reacts with Coinbase guinea pig, and they will probably move from US to find better regulations.
There are rumors that CZ and Binance exchange will do something similar like Coinbase and Kraken, and other crypto companies may follow their examples.
I would not waste any time doing this for any hardware wallet companies because some of them are to busy with lawsuits from customers.

Theb

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Quote from: mk4 on April 16, 2021, 10:33:55 AM

Quote from: Theb on April 16, 2021, 08:02:43 AM

~snip

The difference with Coinbase though, is that it's an exchange. Like I said in my previous reply, while revenue will almost surely drop when bitcoin's price drops, they make money off the fees, not necessarily 100% related to bitcoin's price because some people will still trade crypto regardless of price so price drops with $COIN will be far less affected vs when holding BTC.

Whether or not it is an exchange it will still be connected to prices of the cryptocurrencies in the market. After the 2017 Bull run it followed by a massive bear season following that is a number of lay-offs that had happened with crypto exchanges.

Quote from: https://www.pymnts.com/cryptocurrency/2019/coinbase-chicago-office-shutdown-layoffs/

Coinbase Lays Off 30, Shutters Chicago Office

Even as crypto prices fell in 2018 and trading volumes decreased significantly, Coinbase continued to expand, building its employee roster to include 800 people.

Quote from: https://www.cryptohinge.com/huobi-announces-post-christmas-layoffs/

Huobi Announces Post-Christmas Layoffs

However, the market condition at present is bright enough to understand this decision.

During 2018 and late 2019 I have seen news similar to what I have provided about crypto exchanges doing lay-offs or downsizing as they were also affected by the bearish season or the sudden price drop of cryptocurrencies. Yeah I know they are earning most of their income through fees and commissions but the bear season also translates into lower trading activity or volume. It is inevitable to happen during a bearish season and I don't think it is something you can just disregard when it comes to choosing what stocks to buy in the market.

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Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

Oh, goodness! I feel so regret to hesitate to buy Coinbase stock after it launches. Could it be further increased?

https://www.coindesk.com/btig-initiates-coinbase-coverage-500-price-target

Yes, usually stocks like Coinbase is a technology stock which is being considered by many big investors because it's the next big thing.

Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

Electrum, I don't think so.

But the other exchanges, they might follow the steps of Coinbase but do they have to do it? Maybe, if they're likely to expand their business and that's a good thing because they are giving help and display to bitcoin.

pawanjain

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Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

Oh, goodness! I feel so regret to hesitate to buy Coinbase stock after it launches. Could it be further increased?

https://www.coindesk.com/btig-initiates-coinbase-coverage-500-price-target

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

I don't know why there's such a buzz about it. It's just like any other traditional IPO just with the fact that the company is a crypto based company.
Since crypto is all hyped up these days the IPO had seen a good traction in the market.
Even then the price of the asset was first pumped and then dumped after the listing.
It's better to buy cryptocurrencies directly in my opinion.

tranthidung

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Other crypto companies will try to do their IPOs. It will be a trend but not all companies' submissions will be approved. A few of them will get approvals but the general noise they make will be helpful for crypto market.

In crypto market, noise is enough to make people crazy and is it a basic rule in any financial market. 'Buy the rumor, sell the news' as the saying goes. IF you believe it will be a noisy trend, let's choose a good assets and wait for future news to sell them.

cryptomaniac_xxx

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Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

Oh, goodness! I feel so regret to hesitate to buy Coinbase stock after it launches. Could it be further increased?

https://www.coindesk.com/btig-initiates-coinbase-coverage-500-price-target

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

As far as I can remember, there was a battle of IPO between Canaan and Bitmain years ago. So this is not a first in crypto market. And since now that Coinbase IPO seems to be successful, I'm sure there will be other exchanges that doesn't want to be left behind specially Binance. We all know that they are in a cut-throat business, so for sure maybe CZ is thinking of launching a bigger IPO in the future.

tbterryboy

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Quote from: YanBitMoney on April 15, 2021, 10:36:46 PM

Oh, goodness! I feel so regret to hesitate to buy Coinbase stock after it launches. Could it be further increased?

https://www.coindesk.com/btig-initiates-coinbase-coverage-500-price-target

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

I am sure that if they get to a level where they can do it, they are sure going to go for it. And as for Binance I believe that they have reached the level to be able to do that, but it is up to them as to whether they want to go public or not. Then another thing I think we should understand; he’s Coinbase did it, and that’s good and we are happy about it, it’s some kind of big news for the cryptocurrency community, but that Coinbase did it doesn’t mean that other cryptocurrency platforms are going to be doing the same thing, they can all decide to be doing something different, and making their own impacts in different ways.

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Quote from: Theb on April 16, 2021, 08:02:43 AM

I won't really watch those crypto related businesses going public as they might be a money trap for a lot of new investors. Remember when we have an 18+ month long bear season? Most crypto related companies and miners went to a downsizing process as the prices of cryptocurrencies and general market activity are slow and thus resulting them to have a lower income. Of course this will immediately affect the stock prices as the appreciation of the value of their stocks are always their financial performance, so you really need to consider that as it won't always be a bullish season for these companies. Regarding companies launching an IPO I remembered that Bitmain is one of the first ones who attempted to be listed but they failed in both the US and the Hong Kong stock market.

The difference with Coinbase though, is that it's an exchange. Like I said in my previous reply, while revenue will almost surely drop when bitcoin's price drops, they make money off the fees, not necessarily 100% related to bitcoin's price because some people will still trade crypto regardless of price so price drops with $COIN will be far less affected vs when holding BTC.

Theb

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I won't really watch those crypto related businesses going public as they might be a money trap for a lot of new investors. Remember when we have an 18+ month long bear season? Most crypto related companies and miners went to a downsizing process as the prices of cryptocurrencies and general market activity are slow and thus resulting them to have a lower income. Of course this will immediately affect the stock prices as the appreciation of the value of their stocks are always their financial performance, so you really need to consider that as it won't always be a bullish season for these companies. Regarding companies launching an IPO I remembered that Bitmain is one of the first ones who attempted to be listed but they failed in both the US and the Hong Kong stock market.

mk4

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Quote from: YanBitMoney on April 15, 2021, 11:10:55 PM

yahh just if Coinbase wins this game, the others will speed up IPO, I think. Bitcoin is sometimes very unpredictable. So stock still a good choice for me. I prefer safe investment. hahaha

While I'm personally not going to buy Coinbase stuck but instead continue stacking sats, I really can't blame people if they'd prefer buying $COIN stock for Bitcoin exposure. While revenue for Coinbase will surely drop if bitcoin drops in price(because of the most probable drop in hype and demand), Coinbase will still be making money in a bull market from transaction fees, from their institutional custody arm, and their crypto payments(Coinbase Commerce) arm.

davis196

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Having an IPO isn't that easy and not every company can afford to get listed on the stock markets.
I'm sure that most of the cryptocurrency exchange platforms will refuse to launch their own IPOs,because:
1.There's no need for them to do this.
2.The investors will put some pressure over those platforms to increase their revenue,which means raising the fees.
3.Being listed on the stock market means that they will become even more regulated and financially transparent.This is something many crypto exchange owners don't want.

kingkhan99

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It would be good though that we are goiing to invest early on while the Coinbase price ler share is lower because aa @mk4 has said, the company will grow even more. This kind of companies are going to be on my watchlist of stocks to buy when I completed my account for stock market but be careful because you have to worry about downtimes and Coinbase is not an essential market per se so invest wisely.The good rules coinbase....,...

YanBitMoney

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Quote from: pooya87 on April 15, 2021, 11:31:56 PM

Probably a lot of other companies (or groups of people) will start trying to do similar things but majority of them would fail if they tried. Specially after a while when the initial hype of it ends. The reason why Coinbase IPO is and may very well continue to be successful is that Coinbase is a successful company that is offering a long and useful service (a centralized place for people to trade bitcoin with their fiat). And it is a business that is and will be earning a lot of money consistently.

In comparison a lot of others are not real businesses and either don't make any money or not supposed to make money like the two wallets you mentioned Trustwallet and Electrum.
Trustwallet is a shitty closed source wallet that people shouldn't even trust and Electrum is an open source wallet that even though offers some small services that could generate a tiny revenue for them (the multi-sig 2FA TrustedCoin service) it can not be called a "business" that has a solid revenue.

Very useful comment! You have great crypto and finance experience. How about the decentralized exchange? Any chance for them? Seem Defi raising this time.

pooya87

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Probably a lot of other companies (or groups of people) will start trying to do similar things but majority of them would fail if they tried. Specially after a while when the initial hype of it ends. The reason why Coinbase IPO is and may very well continue to be successful is that Coinbase is a successful company that is offering a long and useful service (a centralized place for people to trade bitcoin with their fiat). And it is a business that is and will be earning a lot of money consistently.

In comparison a lot of others are not real businesses and either don't make any money or not supposed to make money like the two wallets you mentioned Trustwallet and Electrum.
Trustwallet is a shitty closed source wallet that people shouldn't even trust and Electrum is an open source wallet that even though offers some small services that could generate a tiny revenue for them (the multi-sig 2FA TrustedCoin service) it can not be called a "business" that has a solid revenue.

YanBitMoney

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Quote from: mk4 on April 15, 2021, 10:52:11 PM

Of course. As demand in bitcoin and cryptocurrencies goes up as time goes, it's a safe assumption that the Coinbase company will be worth more and more instead. But regardless, I'd rather be buying bitcoin. Tongue

As for other companies going public, probably. Just give them time. Kraken's founder have said that they already have plans on going public but without any other additional information on when, and Exodus[1] is currently having a public offering.

[1] https://www.exodus.com/invest/

yahh just if Coinbase wins this game, the others will speed up IPO, I think. Bitcoin is sometimes very unpredictable. So stock still a good choice for me. I prefer safe investment. hahaha

Kong Hey Pakboy

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Quote from: mk4 on April 15, 2021, 10:52:11 PM

Of course. As demand in bitcoin and cryptocurrencies goes up as time goes, it's a safe assumption that the Coinbase company will be worth more and more instead. But regardless, I'd rather be buying bitcoin. Tongue

As for other companies going public, probably. Just give them time. Kraken's founder have said that they already have plans on going public but without any other additional information on when, and Exodus[1] is currently having a public offering.

[1] https://www.exodus.com/invest/

It would be good though that we are goiing to invest early on while the Coinbase price ler share is lower because aa @mk4 has said, the company will grow even more. This kind of companies are going to be on my watchlist of stocks to buy when I completed my account for stock market but be careful because you have to worry about downtimes and Coinbase is not an essential market per se so invest wisely.

mk4

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Of course. As demand in bitcoin and cryptocurrencies goes up as time goes, it's a safe assumption that the Coinbase company will be worth more and more instead. But regardless, I'd rather be buying bitcoin. Tongue

As for other companies going public, probably. Just give them time. Kraken's founder have said that they already have plans on going public but without any other additional information on when, and Exodus[1] is currently having a public offering.

[1] https://www.exodus.com/invest/

YanBitMoney

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Oh, goodness! I feel so regret to hesitate to buy Coinbase stock after it launches. Could it be further increased?

https://www.coindesk.com/btig-initiates-coinbase-coverage-500-price-target

After the successful IPO of Coinbase, do you think crypto exchanges like Binance, Kraken, Houbi or wallets like Trustwallet, Ledger, Electrum or Snapbots will do the same? If that's a real trend, I'll be ready for the next money hunt!

Topic: What's next after Coinbase IPO? (Read 169 times)