JiaDeName
05-01

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, or $1.04 per share, in the three months ended Dec 2022. 🍀 Additionally, Coinbase offers other services like CUSTODY and STAKING, generating ADDITIONAL REVENUE STREAMS.💸🤑💰 Earlier this month, Coinbase CEO Brian Armstrong told analysts during an earnings call that "We won eight of 11 spot Bitcoin BTC -1.88% custody mandates from issuers, and today Coinbase Custody is about 90% of the $36 billion in Bitcoin ETF assets as a result." IMPRESSIVE MUCH. 🍀 Coinbase has AWESOME, WELL-THOUGHT MARKETING strategies and ad campaigns (most recent ad campaign targeting NBA and NHL playoffs) that help position themselves as a CREDIBLE and go-to platform for owning crypto.😲😮😯 🍀 Coinbase has succeeded in reaching shores far and wide in terms of GLOBAL PRESENCE and PROMINENCE, extending its services to more and more countries worldwide. Even financial prudent countries like Singapore has granted Coinbase FULL LICENSE to offer digital payment token services to individuals and institutions in Singapore. And don't forget, there are many RICH SINGAPOREANS more than willing to have a slice of the crypto pie, further boosting COIN'S business. 🤯🤯🤯 🍀 Unlike negative news that repeatedly revolves around MSTR (Saylor dumping shares probably because he knows MSTR has reached the max it can go, Saylor taking on more debt to buy Bitcoin, Saylor diluting shares etc.), Coinbase has a DEDICATED TEAM assigned to manage PUBLIC INVESTORS RELATIONS. Even when Wall Street is BLEEDING RED, COIN repeatedly has good news to share and update the public. If that is not a way of protecting Investor's relations, I don't know what else to call it. I can only say that they are geniuses in trying their best to manage Investors' confidence. 🍀 In the dirty world of crypto where mismanagements and money laundering frequently happens, at times involving big bosses like FTX CEO Sam Bankman, Binance CEO Zhao Changpeng, Three Arrows founder Su Zhu etc., I can say that COIN is perhaps one of the most law-abiding platforms that manage to manoeuvre through storms and dark clouds. 🍀 For the fact that COIN is confident in its fight against the SEC and also have the backing of 2024 US Senate candidate John Deaton (arguing in favor of COIN's effort, saying the SEC is taking an unconstitutional shortcut in its accusations that certain token trading violates securities laws), I am rather confident that COIN has nothing to hide and did not engage in "unregistered sale and offer of securities". It was kind of ridiculous for the SEC to say that Coinbase operated illegally as an exchange / broker/ clearing agency. Rather odd that America is not supporting its own business 🤦🏻‍♀️🤷🏻‍♀️ 😘🥰😍*FUN FACT ABOUT COINBASE*😍🥰😘 Coinbase Global Inc. had 56 million verified users in August 2023 and could reach 150 million verified users before the end of 2023. Every month, about 6.1 million users at Coinbase execute at least one transaction. 🤯🤯🤯🤯🤯🤯🤯 I'm not too sure if $Coinbase Global, Inc.(COIN)$ will ever reach a low of $165 for me to enter, so I'd make partial entry into COIN at $205 / $210. Next entry at $180. COIN was previously too high at $230-$240, but now that some retracement has happened, I may start taking some positions soon. For those who think that COIN is a little too pricey, yall may want to consider a cheaper alternative - $GraniteShares 2x Long COIN Daily ETF(CONL)$ which is an ETF that moves twice the movement of COIN. It is cheaper to own, but volatility twice as much if yall can stomach it. 💰💰🤑🤑💸💸 How will COIN fare when it reports its financials post market this Thursday, 05/02? Do yall expect COIN to beat analysts' estimates or nopes? Will COIN close in the 💚 🟩 📗 this Friday? Of all the crypto stocks right now, my best bet would be on COIN. In times of Bitcoin consolidation where prices of Bitcoin are going down/sideways, profitability of miner companies would be affected, MSTR will be affected (given its lousy day-job and huge moat of Bitcoins), but COIN would be the only one standing to benefit from volumes of transactions, whether buy or sell! 💸🤑💰🤑💸 So, what do you guys think? Of the lot, which crypto stocks do yall think shines best? Let me know in the comments below! As always, tagging my favourite tiger peeps! ❤️🧡💛💚💙🩵💜🩷 @TigerStars @TigerEvents @TigerTik @MillionaireTiger @Tiger_comments @Kiwi Tigress @Barcode @koolgal @CashCity @BillionaireN @breAkdaWn @ZEROHERO @Twelve_E ❤️🧡💛💚💙🩵💜🩷
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