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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#171

Post by tomjakubowski »

dheera wrote: post #151
cj wrote: post #31

I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…

It's quite entertaining that when electronics and clothes go on sale people go buy buy buy, but when stocks go on sale people sell like crazy. People are weird.

Every one of those stock sales has a buyer too.

Re: Coinbase stock lost over 75% value

#173

Post by LouisContant »

bfz wrote: post #92
cj wrote: post #31

I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…

Worth recalling there are >5 rate hikes priced in for the remainder of the year, and that the problem with CloudFlare isn't just the speculation, but for their legitimate business, the credit fuelling many of their customers, which are significantly concentrated in the tech sector. The coming tightening of hiring will also inevitably mean the tightening of infrastructure budgets. What built CloudFlare's excellent sal…

> The coming tightening of hiring will also inevitably mean the tightening of infrastructure budgets.

What indicates a coming tightening of hiring soon?

Re: Coinbase stock lost over 75% value

#174

Post by tedmcory77 »

selectodude wrote: post #52
cj wrote: post #31

I’m particularly sad to see Cloudflare’s stock having plummeted. Out of all the tech companies that IPO’d in the past few years, Cloudflare is one that the most potential to excel long term. Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade, and their products are legitimately good, backed with tangible assets (datacenters). They also have consistent growth quarter over quar…

I own some dumb pot companies that are trading at 1x revenue. This market has a ways to go but for people with capital to deploy it’s a gift. Lots of people who figured they could borrow against their rapidly skyrocketing holdings that are all receiving margin calls at the same time.

Care to share which ones?

Re: Coinbase stock lost over 75% value

#175

Post by scarface74 »

enos_feedler wrote: post #85
colinmhayes wrote: post #58

Earlier quoted context omitted.

Netflix really seems like a loser to me. Every production company has a streaming service now, and most make better content than Netflix. Sure Netflix’s app might be better, but it’s also twice as expensive as every other service. I guess that Netflix’s “replace basic cable” package might work for people who only want one service, but from what I remember most people did not especially like basic cable. Wouldn’t be s…

Is netflix really aiming to “replace basic cable”? Seems more like replace hbo and a couple of random other channels. The price is outrageous, but I feel like we are getting to the point where market penetration involves business deals where a fraction of the sub is covered by someone else (carrier, credit card, etc).

HBO never had the low good content/crap ratio that Netflix has.

Re: Coinbase stock lost over 75% value

#176

Post by jason-phillips »

thematrixturtle wrote: post #152
bfz wrote: post #139

Earlier quoted context omitted.

It warms my heart to think I could still be graded on language use so late in life. How would you describe it?

It's a bit awkward since "poisonous" usually refers to things you eat, and sandboxes or their contents are generally not eaten. If you want to continue the sandbox metaphor, which I do like, "playing in the Fed's sandbox until the bottom fell out" might work. Or even "toxic sandbox".

> Or even "toxic sandbox".

The Caddyshack Baby Ruth scene seems apropos.

Fed Floaters. Everybody out! Pool's closed.

Re: Coinbase stock lost over 75% value

#178

Post by ike0790 »

adventured wrote: post #98
ike0790 wrote: post #55

i don't see why anyone would want to buy coinbase stock. it's extremely correlated to the broader crypto market with less upside. In a bull market, you could buy bitcoin or maybe be a bit more risky and buy some of the higher tier alt-coins and it would probably give you a 1.00 correlation in bull and bear cycles, but during the bull cycles the coins would skyrocket because they are tied to any major fundamental metr…

Because Bitcoin & Co can go sideways in a range for years while Coinbase prints an operating profit from the market-leading service they provide. Bitcoin doesn't produce anything, Coinbase does. What you're describing is speculating / gambling, betting on some kind of soaring event happening.

If bitcoin/crypto is chopping sideways GUARANTEED Coinbase will be chopping sideways as well

Re: Coinbase stock lost over 75% value

#179

Post by dvngnt_ »

ransom1538 wrote: post #156
toomuchtodo wrote: post #153

Earlier quoted context omitted.

> Affirm A credit firm whose customer base is primarily folks who have to finance their small ticket item purchases in order to afford them is going to have a tough time in a rising interest rate environment. Their margins will compress as their cost of capital rises, and their default rate will rise as their borrowers slowly approach insolvency in a recessionary environment. I would be cautious about investing in an…

I honestly believe that stock is headed to $0 and may de-list. disclosure: may short it

they might have rejected my application a few years ago.

Re: Coinbase stock lost over 75% value

#180

Post by mbreese »

akomtu wrote: post #140
m1117 wrote: post #63

As a russian I like coinbase. It promotes crypto, which makes my world warmer.

I was about to make a joke about nuclear teapots powering cryptominers with their excess heat, but then realised this might be a legit idea: nuclear waste, that nobody knows what to do with, could be used to power asics mining bitcoins.

I did read about a more general idea where excess power plant capacity would be funneled into asic crypto mining. I think this makes a lot of sense if you are thinking about power sources that take a long time to ramp up. For these plants, I imagine it could be necessary to quickly bleed power to reduce capacity in order to balance the grid.
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