Coinbase valued above $100B, ahead of direct listing

Post by PragmaticPulp » Sat, Feb 20, 2021, 4:54 AM UTC

cm2187 wrote: post #68

1helloworld1 wrote: post #48

I am afraid that we might be on the verge of another dot com level bubble. It's interesting to see how one inflated asset is propping up another. Tesla - which rose by 1000% in 2020, bought bitcoin. Ark Invest Etfs - some of the biggest actively managed etfs, hold significant amount of Tesla, and with the profit generated from Tesla's phenomenal rise, they are investing more on bitcoin. I believe in the future of cry…

the nice thing with that bubble is that because it is manufactured by the Fed, you have an easy signal for when it has reached its top, just look at the weekly fed balance sheet: https://www.federalreserve.gov/monetarypolicy/bst_recenttren... And right now they are still printing more and more.

Post by etaioinshrdlu » Sat, Feb 20, 2021, 5:00 AM UTC

bustin wrote: post #22

willyg123 wrote: post #8

No 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.

Post by throwsaways212a » Sat, Feb 20, 2021, 5:00 AM UTC

herpderperator wrote: post #58

wave_function wrote: post #38

Maybe coinbase stock becomes the next cryptocurrency! One coinbase is one coinbase?

I wouldn't be surprised to see Coinbase stock track bitcoin extremely closely.

Post by fy20 » Sat, Feb 20, 2021, 5:01 AM UTC

tony101 wrote: post #54

kevindeasis wrote: post #33

Ah yes, possibly the 5th company that I wished I joined this past 18 months... Historically there were some exchanges that have been hacked. This caused not only the company to go bankrupt but people losing a lot of money. How does coinbase prevent this from happening? This is very much one of the reasons I will never hold crypto (FYI: I've wrote my own Golang flavour of ethereum blockchain and solidity when it first…

It's not perfect, but I believe Coinbase uses a combination of cold (offline) storage for most of its coins and insurance for the rest. Also, as you probably already know, people should not hold large sums on exchanges if they can use secure their own keys (and wallets) instead. > "Coinbase prioritizes the security of our customer's digital currency through a combination of online “hot storage” and offline “cold” sto…

Post by fergie » Sat, Feb 20, 2021, 5:06 AM UTC