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re: Coinbase (COIN) IPO Discussion - Happening 4/14
Posted on 4/14/21 at 3:40 pm to slackster
Posted on 4/14/21 at 3:40 pm to slackster
quote:Agreed. Coinbase will likely follow the peaks and valleys of crypto bull markets and crypto winters just due to more/fewer transactions during those time periods. The day to day volatility of the cyrpto market probably less correlated.
The price of coins is what help drives interest though. Volatility also helps for the exchanges.
0
Posted on 4/14/21 at 3:41 pm to rocket31
quote:
no one expected lebron james to surpass Michael Jordan either but some of us can see potential in young things when they exist
You're probably right about seeing potential in Bitcoin/crypto, but you need to slow your roll on Lebron surpassing Jordan
Posted on 4/14/21 at 3:41 pm to slackster
quote:Yeah I got filled. Added more in the 310s.
You still have it open? Might fill soon.
Riding this hype train in the short term
Posted on 4/14/21 at 3:41 pm to jchamil
ha no worries.. 
I'm trying to find metaphors that slackster can relate too
I'm trying to find metaphors that slackster can relate too
Posted on 4/14/21 at 3:42 pm to rocket31
quote:
no one expected lebron james to surpass Michael Jordan either but some of us can see potential in young things when they exist
Posted on 4/14/21 at 3:43 pm to TigerTatorTots
if bron beats KD and the Nets that's like bitcoin demonetizing gold in my eyes brah
Posted on 4/14/21 at 3:43 pm to TigerTatorTots
quote:
Are they? I would have thought their revenues would be tied to the amount of transactions made and money stored on their exchange. Price of individuals coins being irrelevant.
I think it's a function of two things:
1) The absolute number of transactions
2) The value of those transactions, which is a function of the crypto value
Assume BTC at $50,000 and a volume of 1,000 transactions, 1% transaction fee. That's $500,000 of revenue.
BTC drops to $30,000 on the same volume and your rev also dips by 40%. You've gotta find 40% more transactions to stay level on rev at that BTC price, or bump your fees.
I'm not big into crypto...so maybe I'm thinking about this wrong.
This post was edited on 4/14/21 at 3:45 pm
Posted on 4/14/21 at 3:45 pm to rocket31
quote:
no one expected lebron james to surpass Michael Jordan either but some of us can see potential in young things when they exist
I don’t think you actually under what $1.2 quadrillion is, nor did you do the math on your 100% per year return over the next decade beforehand, but I appreciate your effort to stick to it nonetheless. Posted on 4/14/21 at 3:46 pm to Chucktown_Badger
I could be wrong, but I'd imagine the vast majority of transactions during the current bull market is people purchasing coins as opposed to selling. If someone purchases $1,000 worth of any coin, it doesn't matter if the coin is $1 or $10000, the value of transaction will be the same. When coin price comes into play is strictly on the sell side.
Posted on 4/14/21 at 3:46 pm to slackster
quote:
lebron james
quote:fitting
nonetheless
Posted on 4/14/21 at 3:50 pm to slackster
quote:
I don’t think you actually under what $1.2 quadrillion is, nor did you do the math on your 100% per year return over the next decade beforehand, but I appreciate your effort to stick to it nonetheless.
I did the math and I'm confident in what I said
but it's hard to solve for X when we don't know much more of Y will be put into the system
Posted on 4/14/21 at 4:05 pm to rocket31
quote:
if bron beats KD and the Nets that's like bitcoin demonetizing gold in my eyes brah
Not to derail this but no it isn't.
Posted on 4/14/21 at 4:06 pm to TigerTatorTots
quote:
I could be wrong, but I'd imagine the vast majority of transactions during the current bull market is people purchasing coins as opposed to selling. If someone purchases $1,000 worth of any coin, it doesn't matter if the coin is $1 or $10000, the value of transaction will be the same. When coin price comes into play is strictly on the sell side.
Good point.
Posted on 4/14/21 at 7:33 pm to TigerTatorTots
yea buy vet over dodge
Posted on 4/15/21 at 11:26 am to ninthward
So are the big brokers already selling this? since they got in about 250, sticking it to the retail investors? i got in at 340. Was just wondering if that was legal for them to take some easy profits.
Posted on 4/15/21 at 11:33 am to FLObserver
quote:
So are the big brokers already selling this? since they got in about 250, sticking it to the retail investors? i got in at 340. Was just wondering if that was legal for them to take some easy profits.
retail is the exit strategy for the institutions.
don't ever forget that, it is a universal truth
Posted on 4/15/21 at 11:44 am to rocket31
quote:
no one expected lebron james to surpass Michael Jordan either but some of us can see potential in young things when they exist
Trying too hard. Tone down your trolling if you want to stay relevant.
Posted on 4/15/21 at 11:48 am to cgrand
quote:
retail is the exit strategy for the institutions.
don't ever forget that, it is a universal truth
So that's a yes then
Posted on 4/15/21 at 12:59 pm to FLObserver
so we are down 13% from opening price
Posted on 4/15/21 at 1:02 pm to rocket31
meanwhile
bitcoin up 1%
Ethereum up 5%
crypto market -1.56%
bitcoin up 1%
Ethereum up 5%
crypto market -1.56%
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