How does the lay person get in on these test the market secondary offerings?
Coinbase valued above $100B, ahead of direct listing
21–30 of 305 posts
Re: Coinbase valued above $100B, ahead of direct listing
#22No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
Covid makes it harder to be someone who has plans on a Friday night. Don't be so hard on yourself, it gets better.
Re: Coinbase valued above $100B, ahead of direct listing
#23No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
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Re: Coinbase valued above $100B, ahead of direct listing
#24I don't get how everybody is just making a killing right now. What goes up must come down? Are people going to get uber burned? Like somebody who put in 50% of their net worth today, and maybe it drops?
why must it come down?
there is no gravity.
Re: Coinbase valued above $100B, ahead of direct listing
#25The same week SpaceX raises at $78B. Doesn't quite add up, but what do I know.
Elon is promoting cryptocurrency. I would assume it makes him feel powerful when the price goes up.
I suspect launching cars into space makes him feel powerful, while pumping memecoins makes him feel somewhat entertained.
Re: Coinbase valued above $100B, ahead of direct listing
#26Earlier quoted context omitted.
Low interest rates don't effect whether a stock goes up or down. That is determined by earnings growth. Edit: Peter Lynch agrees with me. Instead of being a passive aggressive downvoting asshole leave a comment. https://youtu.be/UNrMnFM3VvE Edit: Lol, I can't respond to your comments because everyone downvoted my comment and HN rate-limited me. Later.
This seems a little myopic. Definitely earnings growth is a factor, but it can’t really explain what just happened with GameStop and WSB, nor most of Amazon’s rise over the past decades. Future expected cash flows, market size, interest rates (and therefore capital seeking yield via equity markets) are all factors. Alongside human tastes, cultural perception, and pockets of irrationality.
You cherry picked examples. I'm talking 99% of cases.
Re: Coinbase valued above $100B, ahead of direct listing
#27No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
> at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
It gets worse. Many of us are probably reading HN while listening to Clubhouse at the same time.
Re: Coinbase valued above $100B, ahead of direct listing
#28I wish Coinbase would support more cryptos or allow storage of ERC-20 tokens so people would be more encouraged to spin up ETH projects. Feels like Coinbase is trying to be the big corporate face of crypto, kind of going against the spirit of it IMO.
Re: Coinbase valued above $100B, ahead of direct listing
#29No matter if you think we're in a bubble or if this valuation supports your view that we are in a bubble, at the end of the day we are all losers who have decided to spend our precious time on a Friday night glued to HN.
It's Saturday afternoon, I've already driven to another town to inspect a car and purchased and planted 10 trees today. Speak for yourself.
Re: Coinbase valued above $100B, ahead of direct listing
#30I don't get how everybody is just making a killing right now. What goes up must come down? Are people going to get uber burned? Like somebody who put in 50% of their net worth today, and maybe it drops?
why must it come down? there is no gravity.
All bubbles pop eventually. I think there's little doubt crypto is a bubble right now.
Maybe it pops tomorrow, maybe it goes on for years. I don't know, nobody really does.