Hopefully $Coinbase Global, Inc.(COIN)$ post good financial results and is not dragged down by other stocks because of the FED. Have faith.
@SPACE ROCKET:Between $MicroStrategy(MSTR)$ and COIN, I'd pick COIN for the following reasons: 🍀 MSTR is not good at its day job compared to peers in the industry, making huge losses. If price of Bitcoin hovers at current levels, MSTR's profitability will be heavily impacted. 🍀 COIN on the other hand, has been PROFITABLE since 4 quarters ago and has been beating analyst's estimates for the most recent 4 quarters.🎉🎉🥳🥳 It EARNS MONEY 💸 💰 🤑 through TRADING FEES from both buy and sell transactions. 🍀 Reported in Feb 2023 - the interest on reserves backing USDC are a MAJOR SOURCE OF REVENUE for Coinbase, which has been able to pocket higher income because of the Federal Reserve's higher interest rates. Overall, the company reported a profit of $273.4 million,
Market is just irrational, what to do. Just look at $Tesla Motors(TSLA)$ lol, totally makes no sense. We all know Elon over promises lol. Few years down the road, the cheaper cars that he promised may not even happen lol. Not forgetting if Elon can make cheaper cars, so can other car companies. Other companies can also make cheaper EV cars. Pure lame lol.
It's only a matter of time these stocks come crashing down once more. Its an unsustainable bubble, waiting to be burst. AGREE that bullish sentiments on miner stocks makes no sense at this juncture! One bad news is all it takes to bring these stocks down as fast as they got pumped up. HOLDERS BEWARE.
@SPACE ROCKET:$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me 🤷♀️🤷♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai
Agree. There is just too much uncertainty in the crypto space these days and it's just not worth the risk. The Bitcoin halving event anticipation has already been priced in, which means I don't expect a drastic hike in price of Bircoin when it halves next week. In fact, if you guys recall, price of Bitcoin and crypto related stocks plunged on the day of Bitcoin Spot ETFs approval. Thanks to outflow from $Grayscale Bitcoin Trust(GBTC)$ . From Jan till now, outflows from Grayscale caused Bitcoin's price to drop TWICE. And it may happen a third time. Note that Grayscale transfered 6200 Bitcoins worth $434mil to Coinbase recently, sparking speculations that they are ready to sell Bitcoin, potentially impacting market prices of Bit
@SPACE ROCKET:Lols $Coinbase Global, Inc.(COIN)$ is trying too hard lolol 🚩🚩🚩 No point announcing 'good news' one after another these days when Wall Street is BLEEDING RED. It's all FLUFF. Smarter and more discerning investors would avoid buying in and getting caught in the sudden sell-offs and quick reversal. For those who FOMO and got in, GET OUT when you can!! 😆 🤣 FOMO Bulls are just trying their luck lol. Once COIN hits $255-$265, even the bulls will sell off and the BEARS will START ROMPING IN . 🐻🐻🐻🐻 Cathie Wood forsees this trend too. Thus, it comes as no surprise that she has been unloading COIN shares over these 2 days when COIN reaches its 'peak'. The upside to $280 is minimal and
🙉🙊🙈 WILL WALL STREET CLOSE LOWER TONIGHT? 🙉🙊🙈 Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week. Fed Chairman Jerome Powell on Wednesday maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank’s 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 58.5% likelihood of a cut at the Federal Reserve’s June meeting, down from about 70% last week, according to the CME FedWatch Tool. "I don't think that the Fed really has any reason to cut rates. The economy is so strong and we still have not beaten inflation yet," said Larry Tentar
Haha totally agree. Who the heck is Kerrisdale Capital anyway? Bet they miss out on buying into MSTR and want to create such sensational news and opportunities for their panel of investors to load up before the bull run. Never take their words seriousl. They are just trying to move the market to theie benefit. [Happy] [Miser] [Cool] //@SPACE ROCKET: Totally absurd and lame lol. How can you long bitcoin and short MicroStrategy when $MicroStrategy(MSTR)$ have the largest moat of Bitcoins. Totally ironic. When Bitcoin skyrockets, so will the balances of MSTR and its market cap. Kerrisdale thinks he is smart, but the lights are obviously on a
Kerrisdale Capital Is Short Microstrategy, Long Bitcoin
$CleanSpark, Inc.(CLSK)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Platforms(RIOT)$ These miner stocks are due for correction soon. Most analysts expect miner stocks to fall upon halving on 19 April, so if I'm in these stocks, I'd make it a point to exit them before this date. There will always be a better point in time to buy. Wait till these miner stocks prove their mining capacities and balance sheet strength before re-entering. We never know how the halving will affect their profitability and mining operations post halving. Not much comments on $Coinbase Global, Inc.(COIN)$ . But
It's only a matter of time these stocks come crashing down once more. Its an unsustainable bubble, waiting to be burst. AGREE that bullish sentiments on miner stocks makes no sense at this juncture! One bad news is all it takes to bring these stocks down as fast as they got pumped up. HOLDERS BEWARE.
@SPACE ROCKET:$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me 🤷♀️🤷♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai