Beware... And don't chase, no matter how convincing the euphoria might sound... This earning season is unlike all others in short memory. One day you will find crashes, think Tesla, Alphabet and other popular technology companies. Another day, you will also find big upgrades and raising stock prices, think Amazon. There are even some others that shoot to the moon without the need forearning fever, think Bitcoin and all other Bitcoin related companies ($Coinbase Global, Inc.(COIN)$
This is an unusual time. Prominent wars on two fronts, major economies fighting inflation and ever present fear of recession. For those cryptocurrency fanatics, there's even the possible treat (or trick) of cryptocurrency ETF! To top it off, there is also the ever looming fear of US government shutdown and ever on-going US-China trade war - the countdown has started. Uncertain times bring uncertain measures...
What governments cannot provide, the common people takes matters into their own hands. Some throw bets on cryptocurrencies, some seek traditional safe havens of precious metals (especially gold), some pile on oil?! In amidst of the mad dash, most ignore the fundamentals and future. That's why technology companies suffer and mining companies go to the dogs.
I have not posted for a long while, as I satisfied myself to ride the wave and ignore the everyday hype. Those I managed to get in and rise, I ride along. Those I missed, I stayed unmoved. Investing is long term. Gambling is for kicks!
Good luck all!
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.
The Wolf Of Wallstreet Said CRYPTO Is A Fraud But Likes Bitcoin. That Doesn't Make Any Sense. Just Like All Of The CRYPTO Smoke And Mirrors COIN Will Go Away Too.
what you have here is people selling COINBASE to buy BITCOIN
Why not just buy the tech stocks?
There is no inflation in Bitcoin,
what a week for COIN. No plans to sell, Just nice to see a profitable week.
yeah, don’t chase can be a scam!
Headed to 100 next week, watch
Huge downward pressure from the shorts. They beat earnings estimates by a long shot, this should be above $88
Institutions were cashing in. Now it’s time to drop back below 70
if you didn't cover in 70s, then your problem. This is heading to new highs.
Great ariticle, would you like to share it?
Coinbase is the shooting star. It is breaking out.
COIN had absolutely disasterous earnings this week.
Ok