Step Back and Wait for Lower Prices As Coinbase Hype Fizzles Out

24
6
Favorite

Step Back and Wait for Lower Prices As Coinbase Hype Fizzles Out

InvestorPlace2021-05-10

Going forward, an over-reliance on trading commissions could be problematic for Coinbase. You could feel the excitement in the air when popular cryptocurrency trading platformCoinbase Global (NASDAQ:...

Source Link

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.

Report

Comment（6）

andrew123
·2021-05-11
Well wait for coming result n we willl know potential whether price reflect hpye in this stk or future potential cos many mainstream are raising fund to trade in crypto. The more volatile the mkt the more the exchange businese goes up. Like n comment
Reply
Like
Report
KTAN
·2021-05-11
[得意]
Reply
1
Report
Hayz
·2021-05-11
They tell you fizzle....this is the signal to BUY!!!!
Reply
3
Report
Fold Replies
- koolgal:
  Agree.
  2021-05-12
  Reply
  Report
- Supermark:
  Yeah Reply to
  My Comment pls
  2021-05-11
  Reply
  Report
KTSan
·2021-05-11
Oops
Reply
1
Report
Chochonut
·2021-05-10
fizzle shizzle
Reply
1
Report
PalanTier
·2021-05-10
Rip tech
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1185430355?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-10 22:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185430355","market":"us","top_or_hot":-1,"title":"Step Back and Wait for Lower Prices As Coinbase Hype Fizzles Out","media":"InvestorPlace","content":"<div>\n<p>Going forward, an over-reliance on trading commissions could be problematic for Coinbase.\n\nYou could feel the excitement in the air when popular cryptocurrency trading platformCoinbase Global (NASDAQ:...</p>\n\n<a href=\"https://investorplace.com/2021/05/as-coinbase-hype-fizzles-out-step-back-and-wait-for-lower-prices/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Step Back and Wait for Lower Prices As Coinbase Hype Fizzles Out</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStep Back and Wait for Lower Prices As Coinbase Hype Fizzles Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-10 22:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/05/as-coinbase-hype-fizzles-out-step-back-and-wait-for-lower-prices/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Going forward, an over-reliance on trading commissions could be problematic for Coinbase.\n\nYou could feel the excitement in the air when popular cryptocurrency trading platformCoinbase Global (NASDAQ:...</p>\n\n<a href=\"https://investorplace.com/2021/05/as-coinbase-hype-fizzles-out-step-back-and-wait-for-lower-prices/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://investorplace.com/2021/05/as-coinbase-hype-fizzles-out-step-back-and-wait-for-lower-prices/","article_id":"1185430355","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185430355","pubTimestamp":1620657257,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Going forward, an over-reliance on trading commissions could be problematic for Coinbase.\n\nYou could","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"随着Coinbase炒作的结束，退后一步，等待更低的价格","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"Going forward, an over-reliance on trading commissions could be problematic for Coinbase.\n\nYou could feel the excitement in the air when popular cryptocurrency trading platformCoinbase Global (NASDAQ:COIN) revealed that itwould go public via a direct listingor direct public offering (DPO) on April 14. At that time, people were ready to dive into Coinbase stock.\nI was watching intently when the shares started trading on theNasdaq. People on social media were buzzing, as if this was destined to be the most important stock debut of the year.\nThat story is still being written, but so far, Coinbase stock hasn’t wowed Wall Street. And unfortunately, some retail traders are probably “holding the bag” right now.\nAnd now, the analysts are weighing in — and their assessments aren’t super optimistic. I’ll provide more details on that, but first, let’s delve into a little bit of technical analysis.\nA Closer Look at Coinbase Stock\nThe direct listing of Coinbase stock took place on April 14,with a starting price of $250 per share.\nI was watching practically every tick as the stock price almost immediately went above $300 after the opening bell rang that day. For the vast majority of retail traders, getting the shares at $250 would have been impossible.\nAmazingly, the Coinbase stock price increased by nearly 72% to $429.54 at one point during that first day of public trading.\nThat price couldn’t be sustained, though, and the stock closed at $328.28. That’s up 31.3% from $250, but many amateur traders probably lost money that day.\nBy the end of April, Coinbase stock had declined to $297.64. And at close on May 7, the shares were trading at $263.70.\nNot long ago, I implored prospective investors tobe aware of the risks. I’m sticking to that stance, and there are specific reasons for my wariness.\nThe ‘Specter’ of Downward Pressure\nI wouldn’t usually recommend avoiding a stock just because some analysts are striking a less-than-optimistic tone.\nOn the other hand, if Wall Street has a good reason to be hesitant, then the analysts’ opinions are worth considering.\nOne example would be Mizuho Securities’ Dan Dolev, who said that he’s“’cautious’ on the medium term outlook”for Coinbase. Dolev assigned a “neutral” rating on the stock along with a price target of $315.\nMeanwhile, Bernstein Research’s Harshita Rawat initiated coverage with a “market perform” rating and a $250 price target.\nMoreover, Keefe, Bruyette & Woods analyst Kyle Voigt issued a “hold” rating and a price target of $325.\nThose lukewarm ratings and unambitious price targets stand in stark contrast to the initial burst of enthusiasm surrounding Coinbase stock.\nFor one analyst, at least, there’s a potential issue related to increasing competition in the cryptocurrency trading platform niche.\n“With over 80% of total revenue reliant on retail transaction fees, significant user overlap with PayPaland Square’s Cash App, and high user sensitivity to transaction fees, the specter of downward pressure on commissions is a concern,” Dolev explains.\nBeware the Regulators\nDolev’s concern is duly noted. Coinbase isn’t exactly known for low transaction commissions.\nAnd the platform’s over-reliance on commissions could eventually weigh on the company’s bottom line.\nIn case that isn’t problematic enough, there’s also the “specter” (to recycle Dolev’s phrasing) of a regulatory crackdown on cryptocurrency exchanges.\nU.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently made comments that may hint at a ramp-up in regulatory oversight.\nIt doesn’t take a market maven to read between Gensler’s lines:\n\n “Right now the exchanges trading in these crypto assets do not have a regulatory framework … That could instill greater confidence. Right now there’s not a market regulator around these crypto exchanges. And thus there’s really not protection against fraud or manipulation.”\n\nI’m no Nostradamus, but I can see where Gensler’s headed with this line of thought. Tougher regulations and enforcement for crypto trading platforms like Coinbase could be enacted in the near future.\nThe Bottom Line\nIf you’re holding the bag on Coinbase stock today, there’s no question that you’re in a tough position. You might get to break even, but patience will be required.\nAnd if you’re thinking about buying the shares now, please be aware of the risks. The analysts aren’t always right, but their caution seems justified in this case.\nOn the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":199108249,"gmtCreate":1620689363081,"gmtModify":1704346639667,"author":{"id":"3576260758860416","authorId":"3576260758860416","authorIdStr":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":4,"crmLevelSwitch":0,"idStr":"3576260758860416"},"htmlText":"Well wait for coming result n we willl know potential whether price reflect hpye in this stk or future potential cos many mainstream are raising fund to trade in crypto. The more volatile the mkt the more the exchange businese goes up. Like n comment","listText":"Well wait for coming result n we willl know potential whether price reflect hpye in this stk or future potential cos many mainstream are raising fund to trade in crypto. The more volatile the mkt the more the exchange businese goes up. Like n comment","text":"Well wait for coming result n we willl know potential whether price reflect hpye in this stk or future potential cos many mainstream are raising fund to trade in crypto. The more volatile the mkt the more the exchange businese goes up. Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199108249","repostId":1185430355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":199379813,"gmtCreate":1620688753932,"gmtModify":1704346621729,"author":{"id":"3582677171041730","authorId":"3582677171041730","authorIdStr":"3582677171041730","name":"KTAN","avatar":"https://community-static.tradeup.com/news/9990b42fb5e691ba789b5bcc0f241a0d","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3582677171041730"},"htmlText":"[得意]&nbsp;","listText":"[得意]&nbsp;","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199379813","repostId":1185430355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":199364489,"gmtCreate":1620686871441,"gmtModify":1704346578330,"author":{"id":"3576709204489965","authorId":"3576709204489965","authorIdStr":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576709204489965"},"htmlText":"They tell you fizzle....this is the signal to BUY!!!!","listText":"They tell you fizzle....this is the signal to BUY!!!!","text":"They tell you fizzle....this is the signal to BUY!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/199364489","repostId":1185430355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4298972,"gmtCreate":1620785656412,"gmtModify":1680788248042,"authorId":3559581955535845,"author":{"id":3559581955535845,"authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.06","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":199364489,"type":1,"supId":0,"prevId":0,"content":"Agree.","text":"Agree.","html":"Agree."},{"id":4285307,"gmtCreate":1620690795506,"gmtModify":1680787995757,"authorId":3581636786147439,"author":{"id":3581636786147439,"authorId":3581636786147439,"name":"Supermark","avatar":"https://static.tigerbbs.com/216b88e6021ef8dfdb8a3a1d156559d2","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199364489,"type":1,"supId":0,"prevId":0,"content":"Yeah Reply to\n<br>My Comment pls ","text":"Yeah Reply to\n<br>My Comment pls ","html":"Yeah Reply to\n<br>My Comment pls "}],"langContent":"EN"},{"id":199972415,"gmtCreate":1620674519537,"gmtModify":1704346494104,"author":{"id":"3582718761865525","authorId":"3582718761865525","authorIdStr":"3582718761865525","name":"KTSan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582718761865525"},"htmlText":"Oops","listText":"Oops","text":"Oops","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199972415","repostId":1185430355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":199989171,"gmtCreate":1620662284793,"gmtModify":1704346417598,"author":{"id":"3576221107494351","authorId":"3576221107494351","authorIdStr":"3576221107494351","name":"Chochonut","avatar":"https://static.tigerbbs.com/4cbe9a9719e7cad1aa3fdb32b8b7bae9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576221107494351"},"htmlText":"fizzle shizzle","listText":"fizzle shizzle","text":"fizzle shizzle","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199989171","repostId":1185430355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":199073957,"gmtCreate":1620659043479,"gmtModify":1704346348900,"author":{"id":"3554964699073136","authorId":"3554964699073136","authorIdStr":"3554964699073136","name":"PalanTier","avatar":"https://static.tigerbbs.com/385b2f737877ca26ba6a6ade05572e0c","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3554964699073136"},"htmlText":"Rip tech","listText":"Rip tech","text":"Rip tech","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199073957","repostId":1185430355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":24,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}