Boiler Room: The Official Stock Market Discussion

[The Fukin Prophecy]

the current valuation is why I’m hesitant to jump in

To be honest I felt the same, 380 was a bit high and I expected this dip here....

Doesn't make that much of a difference to me though, I was copping 100 shares regardless and in for the long haul which is why I pulled the trigger...

You cannot lose with COIN...

 

[old pig]

To be honest I felt the same, 380 was a bit high and I expected this dip here....

Doesn't make that much of a difference to me though, I was copping 100 shares regardless and in for the long haul which is why I pulled the trigger...

You cannot lose with COIN...

if the overall valuation was lower then I’d feel like there is room to grow quickly even at $380...but with it being close to $100 billion I don’t know how likely it is to double overnight

I expect it to double by tomorrow morning...

 

[PrnzHakeem]

Did you go all in or did you stagger your order ?

All in for the 50 shares, buying more on this current dip.

This a long term hold for me, I'll check back on it in a few months.

 

[winb83]

So did COIN flop?

 

[Spree At Last]

So did COIN flop?

not yet, still trading way higher than last week's reference price of $250. maybe it will settle around there

 

[mr. smoke weed]

not yet, still trading way higher than last week's reference price of $250. maybe it will settle around there

Is it worth $250 a share?! I don't understand this shyt

 

[Liu Kang]

So did COIN flop?

Not for those whose shares were priced at the january valuation.

 

[princeofhaiti]

wouldnt it be better to buy the individuals coins through coinbase/binance or is buying coinbase similiar to buying the nasdaq100 or an index fund

 

[Liu Kang]

COIN lost 100 bucks per share in the span of 1h30 I'd say sub-300 prices would start to make it interesting to buy. Ill most likely buy one share like a broke boy


BTC, ETH and the other main ones have been relatively stable through the ordeal though. I expect some coupling at some point when COIN volatility settles.

 

[Spree At Last]

Is it worth $250 a share?! I don't understand this shyt

probably not with any standard valuation, but none of those make sense with today's IPOs / direct listings anyway. coinbase is only worth that if you believe that crypto will continue growing at or beyond its current pace for many more years, and there will be a lot of room in the space for coinbase to expand into (like NFTs, defi, other shyt popping up now). many people are betting on that, and also probably some funds are using it as a proxy for bitcoin holdings.

 

[dora_da_destroyer]

what happened? shyt was slightly down to full out down

 

[L&HH]

COIN is probably getting heavily shorted right now. Such an easy target for shorts at that price cause it has nowhere to go but down especially with the market taking a beating today or maybe they're getting dragged down like all these other tech stocks.

 

[mson]

 

[NatiboyB]

what happened? shyt was slightly down to full out down

Jerome came and blessed us with talking points

 

[Rickdogg44]

Jerome came and blessed us with talking points