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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#251

Post by chii »

adventured wrote: post #138
nscalf wrote: post #2

Hasn't exactly been a fun time for any growth stocks.

You don't want a very fun time generally, that's merely when you sell and realize your profit. You want some brutal, unrelenting misery with extreme bearish selling. That's when you strike your claim, that's when most of the future returns are set - that's the beautiful buy point. You don't get rich chasing and buying markets ever higher, you get rich buying cheap while everybody else is busy running for cover, and t…

> you get rich buying cheap

it's cheap because it's riskier. The risk may or may not pan out - if it doesn't, you make a high premium on taking the risk. But make no mistake, a cheaper stock is the market indicating that the stock is risky. The alpha of investing is to know when the market may have mis-priced the business.

Re: Coinbase stock lost over 75% value

#252

Post by Kon-Peki »

______-_-______ wrote: post #17
mjhay wrote: post #10

Earlier quoted context omitted.

Keep in mind that you might get burned - you are betting against many with better information.

The efficient market hypothesis is a myth

Gene Fama: "The efficient market hypothesis is a model. All models are wrong."

Re: Coinbase stock lost over 75% value

#253

Post by sakopov »

zmmmmm wrote: post #129
hn_throwaway_99 wrote: post #25

Earlier quoted context omitted.

Recent post is good reading: https://news.ycombinator.com/item?id=31287464

Seems like the elephant in the room across the board in this market, whether you're talking about Netflix, Coinbase or anything else, is that we haven't seen inflation out of control for 30+ years and now here it is. An entire generation are now adults or even into middle age who never experienced it before. Most especially, never experienced how difficult it can be to control because it is such a self-reinforcing ph…

Not disagreeing with you but "this time it's different" is what you typically experience every downturn in the market.

Re: Coinbase stock lost over 75% value

#255

Post by weatherlite »

0xy wrote: post #217
bfz wrote: post #92

Earlier quoted context omitted.

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…

Tightening of infrastructure budgets isn't often easy, you need to invest weeks of engineering time into a mere 6 figure yearly reduction in infra costs. Aside from that, Cloudflare is growing revenue not just overall but also on a per-customer basis, due to the expansion of products. Once Cloudflare releases products that allow it to more directly compete with AWS, it'll be repriced by investors. They've already sta…

They seem like an alright business, I'd wait for it to reach closer to IPO price before buying in.

Re: Coinbase stock lost over 75% value

#257

Post by fullshark »

nscalf wrote: post #2

Hasn't exactly been a fun time for any growth stocks.

Growth stocks dont exist anymore, all companies with growth potential remain private unless it’s insanely capital intensive i.e car manufacturing. Software doesn’t qualify, they went public only to provide early investors liquidity.

Re: Coinbase stock lost over 75% value

#258

Post by nradov »

haswell wrote: post #228
jshen wrote: post #209

Earlier quoted context omitted.

Not really. If you can’t handle a down turn, how are you a good company?

This all gets a bit messy when trying to use a simple binary designation of "good" or "bad" to describe a company based on all factors about that company. Good companies come and go. Good companies of old no longer exist because the world changed. Some companies are good for awhile, and then lose their way. Nuance abounds. Not putting words in the parent commenter's mouth, but maybe a different way to say this is tha…

It's interesting to look at the list of 11 companies profiled by Jim Collins in his classic 2001 business book "Good to Great". How many of them are still considered great today? In other words, is being great at one point of any value in predicting long-term success?

Abbott Laboratories

Circuit City Stores

Fannie Mae

Gillette Company

Kimberly-Clark

Kroger

Nucor

Philip Morris

Pitney Bowes

Walgreens

Wells Fargo

https://www.harpercollins.com/products/good-to-great-jim-col...

Re: Coinbase stock lost over 75% value

#259

Post by edrxty »

altdataseller wrote: post #88
alephnan wrote: post #43

Earlier quoted context omitted.

Google is in the S&P500.

And? That’s not solace to anyone who owns COIN and could’ve bought GOOG instead.

Google is "propped up" by index funds*. Everyone who isn't an edgy reddit wsb/crypto meme lord has been told over and over to buy SPY et al with religious devotion and take the "guaranteed 6/7/8/9/10%" annual returns to a happy retirement. They tend not to touch their portfolios until things get super ugly, which we may see soon.

*propped up is a bit complicated here, people are just buying these bundles of corporations without making any value judgement on them individually. More realistically though, Google is the one propping up a bunch of companies that aren't as actively traded but are still on the index. People you've never heard of like Leidos Holdings, or companies that make you deeply question the contents of the index like Bath & Body Works, Inc. and Norwegian Cruise Line Holdings Ltd.

Re: Coinbase stock lost over 75% value

#260

Post by ipaddr »

bfz wrote: post #139
chollida1 wrote: post #117

Earlier quoted context omitted.

> I think we'll discover before the end of this year just how many of the tech darlings were largely side effects of the poisonous sandbox constructed by the US fed ?? Poisonous sandbox? Is this an awkward way of referring to money printing? Or the low interest rate environment?

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

You are always being graded you just got a report card earlier in life.
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