$Coinbase Global, Inc.(COIN)$

2023-02-18

$Coinbase Global, Inc.(COIN)$ Here are my thoughts on COIN.

Don't fight the speculation, take the signals and trade them.

But to be clear, Coin is fundamentally tethered to a speculative concept that has become the longest running bubble in human history, so this stock has long term problems.

You have to expect huge speculation on this stock. You should also consider what happens to it when Bitcoin finally crashes and becomes a micro cult. Most Bubbles have a period where they try to regain the losses, then it burst properly. NB I'm not talking about distributed ledgers or useful aspects...these will be useful. The Bitcoins will not last.

Betamax all over again. COIN is not diversified, so I think the firm will have allot of problems, and it would appear it is very overvalued given these obvious problems.

Great stock to trade though...Volatility is your friend. I'm in puts just now and will be for a while.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Moolele
2023-02-18
Moolele
Still got cryptos?
Thonyaunn
2023-02-18
Thonyaunn
Gd
AhGong
2023-02-18
AhGong
ok.
whitesnake
2023-02-18
whitesnake
👍🏻
NP_YT
2023-02-18
NP_YT
W
JTBY
2023-02-18
JTBY
Good

Leave a comment

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I'm in puts just now and will be for a while.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a> Here are my thoughts on COIN.Don't fight the speculation, take the signals and trade them.But to be clear, Coin is fundamentally tethered to a speculative concept that has become the longest running bubble in human history, so this stock has long term problems.You have to expect huge speculation on this stock. You should also consider what happens to it when Bitcoin finally crashes and becomes a micro cult. Most Bubbles have a period where they try to regain the losses, then it burst properly. NB I'm not talking about distributed ledgers or useful aspects...these will be useful. The Bitcoins will not last.Betamax all over again. 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