$Coinbase Global, Inc.(COIN)$ I have come to the conclusion that COIN is one of the worst bitcoin mining stocks to ever trade.
Because of it's portfolio, which introduces various uncertainties and noise, COIN is incapable of following closely the price movements of bitcoin. 1) It rise when bitcoin rises but also falls when bitcoin rises. 2) It falls very hard when bitcoin falls. 3) It rises at an extremely slowpace even as bitcoin hits monumental goals 90k, 92k, 94k. Even now, as bitcoin hits 95k, COIN only rose to 320-22 and establishes this as the equivalent of bitcoin at 95k.
COIN is a scam if anyone uses it as a medium for getting exposure to bitcoin.
Other alternatives? MSTR and MARA are the only way but MSTR's getting ultra expensive. Or blackrock's etf, which I'm still not sure if it's any better. Cleanspark is worse than COIN--overly inflated with extremely poor fundamentals, and hence slow at catching bitcoin's momentum.
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.
$Marathon Digital Holdings Inc(MARA)$ also performed quite badly days ago…