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re: Coinbase (COIN) IPO Discussion - Happening 4/14

Posted on 4/17/21 at 12:04 pm to
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 4/17/21 at 12:04 pm to
Delete this, fam
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/17/21 at 12:07 pm to
alright
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 4/17/21 at 12:09 pm to
Tbf, it's not inaccurate. It's just misleading.
But you can open each individual filing and read it.
This post was edited on 4/17/21 at 12:10 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/17/21 at 12:12 pm to
yea you're right. it's not as bad as it appears. hopefully the news doesn't go viral
Posted by jangalang
Member since Dec 2014
36247 posts
Posted on 4/17/21 at 12:26 pm to
What news? I love me a good panic story.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 4/17/21 at 7:03 pm to
Put 10k in coinbase, fubotv, Pinterest or Penn?
This post was edited on 4/17/21 at 7:11 pm
Posted by GeneralLee
Member since Aug 2004
13103 posts
Posted on 4/17/21 at 7:12 pm to
If you want a crypto stock, BRPHF is a better risk/reward than Coinbase imho.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80755 posts
Posted on 4/17/21 at 7:49 pm to


What did I miss there
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 4/17/21 at 8:24 pm to
quote:

BRPHF


?
Posted by slackster
Houston
Member since Mar 2009
84609 posts
Posted on 4/17/21 at 8:50 pm to
quote:


I've had voyager since July of 2020. It worked perfectly up until late March.

I made a fiat withdrawal and it took 3 weeks... Unacceptable. The CEO says they are working on upgrades etc.

I sure as hell hope so because that is wayyyy too slow. I have been using Crypto.com in the meantime because I hate CoinBase...

Voyagers interface is super nice and good yields. Hope they figure it out.




Imagine the shite show if a fiat bank took 3 weeks to give you your own money. Holy shite.
Posted by ihometiger
Member since Dec 2013
12475 posts
Posted on 4/18/21 at 7:47 am to


Kinda hard to invest in COIN when their CFO dumped 97% of his shares last week and the CPO dumped 100% of his shares. Not a good confidence booster.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/18/21 at 9:37 am to
well it's posted now but since it was a direct listing it's not as bad as it appears at first glance
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 5/6/21 at 2:08 pm to
quote:

I set a price alert for $250

COIN is going down


Bump.

Alerted that this is near IPO price now.

Since 4/14:

BTC is -13%
COIN is roughly -25%

Anyone jumping in at these levels?
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/6/21 at 2:21 pm to
Yeah I keep adding. They likely do $3-4B NI this year. Trading at 40x would have market cap $120-160B ($600-800/share). I don’t think traditional finance folks realize how much these guys are making and crypto folks have no interest in Coinbase because it’s not cutting edge cool.

But they’re making a shitload of money.

Earnings call is 5/13 after the bell. Hopefully that turns the tide.
Posted by finchmeister08
Member since Mar 2011
35587 posts
Posted on 5/6/21 at 2:25 pm to
i'm in at $430 still. right before it tanked.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 5/6/21 at 4:07 pm to
I'm looking forward to their earnings, but their PE should be 20-30.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 5/6/21 at 4:08 pm to
quote:

i'm in at $430 still. right before it tanked.


nice
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/6/21 at 4:24 pm to
quote:

I'm looking forward to their earnings, but their PE should be 20-30.


Not sure why. 400% YOY growth in a market still on the brink of going mainstream. More mature V, MA, PYPL trade 55-70x.

Feel like COIN is being held to a different standard. Most these hypergrowth names are priced on sales not earnings bc they show no path to profitability. And COIN has been lumped in this ARK bucket that has been indiscriminately drilled.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 5/6/21 at 4:49 pm to
You need to compare COIN to other exchanges. Not payment companies.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/6/21 at 4:55 pm to
Exchanges aren’t getting 0.5% trading fees and are not in a hyper growth market. Hence why I split the difference between payment processors and exchanges since the monetization is closer to PYPL than a tradfi exchange
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