Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Coinbase to go public on 4/14

decrypt.co

Post reply on HN
Print view View original

11–20 of 82 posts

Re: Coinbase to go public on 4/14

#11

Post by gt565k »

hn3333 wrote: post #6

deleted

What does a brokerage/exchange going public have to do with the top of crypto currencies????

Crypto is here to stay. There's plenty of exciting projects like filecoin for decentralized storage, cardano for 3rd gen smart contracts, and more exciting projects that are coming online.

I hate when people treat cryptocurrencies and stocks as just something you buy and sell.

There's actually a vast amount of people and effort underneath blockchain projects that are trying to solve very hard problems. Just as stocks are an actual part of a company where people work hard to solve problems and create value in the economy.

Re: Coinbase to go public on 4/14

#12

Post by DamnYuppie »

rawtxapp wrote: post #10
nwhatt wrote: post #2

If I were to invest $100 in some allocation of Coinbase stock and Bitcoin - what should the ratio be?

If you believe in crypto, you can't go wrong with either one, one advantage of their stock is that you can invest through traditional means.

The best way to get into Crypto from a traditional brokerage account is GBTC. It tracks mainly BTC and Ethereum. It is not a perfect match though, sometimes you pay a premium and sometimes you get a discount to the underlying cryptos. Currently it is at nearly a 18% discount where earlier in the year it was at a 10% premium (GBTC is currently 50.87, BTC is $59,515).

This is by no means a GREAT way to do it, just the best option currently if you are looking at crypto from a US based brokerage account.

Re: Coinbase to go public on 4/14

#13

Post by thebean11 »

DamnYuppie wrote: post #12
rawtxapp wrote: post #10

Earlier quoted context omitted.

If you believe in crypto, you can't go wrong with either one, one advantage of their stock is that you can invest through traditional means.

The best way to get into Crypto from a traditional brokerage account is GBTC. It tracks mainly BTC and Ethereum. It is not a perfect match though, sometimes you pay a premium and sometimes you get a discount to the underlying cryptos. Currently it is at nearly a 18% discount where earlier in the year it was at a 10% premium (GBTC is currently 50.87, BTC is $59,515). This is by no means a GREAT way to do it, just the…

Wow, I figured it always traded at a premium. 18% discount is huge, am I missing some downside of this arb opportunity (buy GBTC sell short BTC or BTC futures)?

Re: Coinbase to go public on 4/14

#14

Post by itsoktocry »

rawtxapp wrote: post #10
nwhatt wrote: post #2

If I were to invest $100 in some allocation of Coinbase stock and Bitcoin - what should the ratio be?

If you believe in crypto, you can't go wrong with either one, one advantage of their stock is that you can invest through traditional means.

>If you believe in crypto

If you believe in crypto, why would you invest in a centralized exchange? Seems antithetical to the principles of cryptocurrencies.

Re: Coinbase to go public on 4/14

#15

Post by itsoktocry »

DamnYuppie wrote: post #12
rawtxapp wrote: post #10

Earlier quoted context omitted.

If you believe in crypto, you can't go wrong with either one, one advantage of their stock is that you can invest through traditional means.

The best way to get into Crypto from a traditional brokerage account is GBTC. It tracks mainly BTC and Ethereum. It is not a perfect match though, sometimes you pay a premium and sometimes you get a discount to the underlying cryptos. Currently it is at nearly a 18% discount where earlier in the year it was at a 10% premium (GBTC is currently 50.87, BTC is $59,515). This is by no means a GREAT way to do it, just the…

>The best way to get into Crypto from a traditional brokerage account is GBTC

So this is basically 100% speculation, because you can't even use the crypto you "purchase"? You're just hoping for prices to go up. How does that make sense for a purported currency? If people aren't using it, what is the value?

Re: Coinbase to go public on 4/14

#16

Post by Consultant32452 »

nwhatt wrote: post #2

If I were to invest $100 in some allocation of Coinbase stock and Bitcoin - what should the ratio be?

Just my personal opinion....

Normies will be buying their bitcoin on cash app, paypal, etc. In this way I feel CoinBase is a niche product with limited growth capabilities long term. The more CoinBase makes, the more the big names in tech/finance will expand their efforts to compete. CoinBase is a decent short to medium term play imo, whereas bitcoin itself is a longer term play.

Re: Coinbase to go public on 4/14

#17

Post by lemoncurd »

wmeredith wrote: post #4
nwhatt wrote: post #2

If I were to invest $100 in some allocation of Coinbase stock and Bitcoin - what should the ratio be?

Crypto is the gold rush. Coinbase is selling shovels. If you believe in crypto, they're both solid bets. I'd just diversify and go 50/50. This is not financial advice.

it is financial advice tho?

Re: Coinbase to go public on 4/14

#20

Post by cblconfederate »

wmeredith wrote: post #4
nwhatt wrote: post #2

If I were to invest $100 in some allocation of Coinbase stock and Bitcoin - what should the ratio be?

Crypto is the gold rush. Coinbase is selling shovels. If you believe in crypto, they're both solid bets. I'd just diversify and go 50/50. This is not financial advice.

I wish they were doing an ICO instead (but i guess they can't?). $BNB has been the equivalent of shovels in past years.
Post reply on HN