written by reader Coinbase

By tapaspanda, April 14, 2021

Hi Fellow investors,
Wanted to hear opinion/views on Coinbase. Is it going to be good a investment?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

8 Comments
Inline Feedbacks
View all comments
Travis Johnson, Stock Gumshoe
April 14, 2021 9:40 am

It’s likely to start trading at a ludicrous valuation for such a big company… but the interest in Bitcoin is so high and rising that it will probably shoot higher. Great company, huge US leadership position, and there’s something to be said for buying the pioneer/first mover company that has a big market share, but that doesn’t mean a $100 billion valuation is rational. A lot depends, of course, on whether this is a near-term peak for Bitcoin interest, partly led by the Coinbase IPO, or whether we see a meaningful dip, since Coinbase is almost guaranteed to be levered to Bitcoin prices like all the other crypt0-related companies.

Very curious to see how it trades. Happy as a customer, despite the fairly high fees that Coinbase charges, I might buy shares depending on the price, but I imagine it will instantly get away from what I feel comfortable paying.

Add a Topic
5556
👍 18048
👍 9
retiredrancher
Irregular