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Started By
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2
Posted on 4/14/21 at 1:53 pm to JimMorrison
so who's bought in and sold already?
Posted on 4/14/21 at 1:53 pm to JimMorrison
quote:
The other crypto stocks are dipping hard today after yesterday's rally. I wouldn't doubt it rallied yesterday on COIN's hype.
COIN will probably still surge after IPO today, but we'll see
Looks like this is playing out. Other crypto stocks signaled the sell off to happen.
Where the bulls and them buying this up to $500?
Posted on 4/14/21 at 1:56 pm to JimMorrison
after two hours of trading youve concluded that COIN is now correlated with the entire crypto market despite it still being up over the last 24 hours
k
k
Posted on 4/14/21 at 1:58 pm to rocket31
let us keep in mind that one trades 365 24/7 and other does not
conclusion: clueless
conclusion: clueless
Posted on 4/14/21 at 2:04 pm to rocket31
Looking to take another bite at 300
Posted on 4/14/21 at 2:06 pm to maclauer
I just got a few shares at 321.
Posted on 4/14/21 at 2:12 pm to maclauer
dang I'm not touching it
I'd like coinbase to eventually be replaced, bc it's not a company that's very ran well despite it's easy onboarding for newcomers
I'd like coinbase to eventually be replaced, bc it's not a company that's very ran well despite it's easy onboarding for newcomers
Posted on 4/14/21 at 2:12 pm to maclauer
Made a few bites, 333 average. Done for day.
Posted on 4/14/21 at 2:25 pm to finchmeister08
quote:$429 the daily high, you were so close to nailing it!
just got in at $423. already lost 20 bucks within seconds.
Posted on 4/14/21 at 2:27 pm to TigerTatorTots
At least he's honest. Waiting for the "I bought at 310" guy
Posted on 4/14/21 at 2:27 pm to finchmeister08
quote:buy high sell low.
just got in at $423
Posted on 4/14/21 at 2:28 pm to TigerTatorTots
it'll go back up over time. if TSLA can do whatever it's currently doing, COIN can do it.
Posted on 4/14/21 at 2:38 pm to finchmeister08
I could definitely see COIN going bananas by this summer when real retail FOMO begins. We aren't even close to what will happen when BTC enters the 6 fig mark
Posted on 4/14/21 at 2:51 pm to Ooh Wee Ooh
quote:
At least he's honest. Waiting for the "I bought at 310" guy
Buy now at $323 and average all the way down to $373. Then, PROFIT.
Posted on 4/14/21 at 2:54 pm to rocket31
quote:
after two hours of trading youve concluded that COIN is now correlated with the entire crypto market despite it still being up over the last 24 hours
COIN derives its income from the crypto market. Of course the stock price will be correlated.
Now it is premature to say how close it follows, but you're naive to think the crypto market price action won't affect COIN's stock price movements.
You're a real crypto zealot. I'm not even trashing crypto in this thread, but you're in here defending the crypto market. Bizarre.
Posted on 4/14/21 at 2:56 pm to TigerTatorTots
start calculating these companies in terms of sats and you really see overvalued they are
for example, coinbase is valued at ~1.5 million btc right now.. no thanks Jeff
261.3 Million shares outstanding, at over $300
you can do this with pretty much all tech stocks and then you're like wait a minute...
for example, coinbase is valued at ~1.5 million btc right now.. no thanks Jeff
261.3 Million shares outstanding, at over $300
you can do this with pretty much all tech stocks and then you're like wait a minute...
This post was edited on 4/14/21 at 3:03 pm
Posted on 4/14/21 at 2:58 pm to JimMorrison
quote:
You're a real crypto zealot
wrong. I think 99% of crypto is completely trash
you're out claiming correlation after 3 hours of trading. thats just absurd dude
Posted on 4/14/21 at 3:04 pm to rocket31
quote:
you're out claiming correlation after 3 hours of trading. thats just absurd dude
But when their revenues are directly tied to the value of the individual cryptos, I don't know how you can argue their business ISN'T inextricably tied.
This post was edited on 4/14/21 at 3:11 pm
Posted on 4/14/21 at 3:11 pm to Chucktown_Badger
quote:
But when their revenues are directly tied to the value of the individual cryptos, I don't know how you can argue their business ISN'T correlated.
that might make more sense if they held a lot of crypto or bitcoin on their balance sheet but they don't
and the markets are just fundamentally different as one closes at 5pm.
and voyager is not correlated to crypto and it's been trading for months
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