71–80 of 222 posts
Coinbase can be the next Robinhood. It will be much better if the crypto community moved to decentralized exchanges like Bisq.
For Bisq to succeed governments needs to clamp down on central exchanges, but so far that is not happening.
They will be correlated with BTC/USD
Nope, I doubt it. It's much easier to sell shovels and still benefit whether the price goes up or down.
Given the hype, the most likely scenario is a > 2X price spike in the first few minutes of trading regardless of the initial market cap ($100B+?). For those of us who believe that, what is the best strategy for purchasing shares ? It's doubtful brokers will allow market orders the previous night since the ticker might not yet exist, and if one places a market order during the first few minutes the cynic in me predict…
Given the hype, the most likely scenario is a > 2X price spike in the first few minutes of trading regardless of the initial market cap ($100B+?). For those of us who believe that, what is the best strategy for purchasing shares ? It's doubtful brokers will allow market orders the previous night since the ticker might not yet exist, and if one places a market order during the first few minutes the cynic in me predict…
Better option might be to try a pre-IPO trading platform like EquityZen.
Earlier quoted context omitted.
I suspect the plan is to raise tons of fiat then pump their BTC holdings via grayscale.
My god, that would be amazing. 1. Coinbase raises money from the IPO. 2. Coinbase takes some of that money and gives it to Grayscale. 3. Grayscale uses the money to buy cryptocurrency... On Coinbase! Not only do Coinbase shares appreciate from the increased value of assets on their balance sheet, but they earn some of their money back from fees, too. Just make sure that steps #1 and #2 have some delay, after any lock…
Earlier quoted context omitted.
I don’t know what the alternative is are you in favour of propping up private companies and keeping this status quo? That’s alternative of free markets. Right now they aren’t free. AOC and Ben Shapiro of all people agree for once. This is a stage 7 brundlefly economic system.
"Free markets" are never perfectly free or even close to it. Only the writers of utopian libertarian science fiction think that. The question is how you manage that lack of freedom and to whose benefit you try to manage it. I prefer it be managed towards the general stability of society. Of course it will be managed in an imperfect way but I prefer the goal be a stable society. edit: The government intervening will n…
Earlier quoted context omitted.
I suspect the plan is to raise tons of fiat then pump their BTC holdings via grayscale.
They are thenselves institutional BTC holders, so I'm not sure if they need to outsource it. Microstrategy is using Coinbase.
Traditional stock market buys tons of coinbase cash -> coinbase uses said cash to market-buy BTC with bots driving the price up -> BTC/their crypto of choice is now worth far more.
If the market follows their run they end up making far more than they reinvested.
Given the hype, the most likely scenario is a > 2X price spike in the first few minutes of trading regardless of the initial market cap ($100B+?). For those of us who believe that, what is the best strategy for purchasing shares ? It's doubtful brokers will allow market orders the previous night since the ticker might not yet exist, and if one places a market order during the first few minutes the cynic in me predict…
This is always how it works. Institutionals always get first dibs (and the middle, and the last)