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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#281

Post by eftychis »

throwaway48375 wrote: post #241
eftychis wrote: post #155

Earlier quoted context omitted.

I mean cash is better for strictly better for illegal activities. That misconception has stuck and just stays there. One leaves way to many crumps with non-private digital assets. And private ones are treated like the plague. Plus KYC and compliance checks for any exchange in the USA and EU (dunno about the rest of the world) practically bans anything iffy. Compliance requirements have been stricter in Coinbase from…

Kinda hard to do ransomware with cash.

Well the OP did not mention ransomware, so my comment is not addressing that case.

Here is a fun article as a counter point: https://www.coindesk.com/markets/2021/07/13/dont-blame-bitco...

And my comment: Piracy and kidnapping of property existed long before cryptocurrency -- just google Somalian pirates. I don't have to reason about person kidnapping I assume.

Also: https://en.wikipedia.org/wiki/Ransomware#Encrypting_ransomwa... please read the history of ransomware. I guess all the criminals of the past since 1989 need to use time machines because they could not possibly do ransomware pre-cryptocurrency... /s

P.S. Downvoting because you disagree with a comment that addresses another comment is not really polite.

Re: Coinbase stock lost over 75% value

#282

Post by kortilla »

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…

Opposing view.

Cloudflare doesn’t own anything significant in the form of data centers. Having small rented footprints at IXPs across the globe is not an asset, it’s just a cost. I’m not downplaying the difficulty of getting it setup but there is no intrinsic value in having it if demand for their product collapses.

> Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade

This is far from true. People begrudgingly pay protection money to cloudflare to protect themselves from DDoS attacks. Very few significant operations depend deeply on the cloudflare stack. It has not been the AWS alternative it set out to be with the launch of its lambda like edge compute products.

An AWS, Azure, or Google DDoS protection product could eat Cloudflare’s market in a hot minute. Cloudflare can’t escape being a “feature” of a cloud provider.

(Disclosure, I sold out of Cloudflare at the end of the year when it failed to gain significant traction.)

Re: Coinbase stock lost over 75% value

#283

Post by pushrax »

gorgoiler wrote: post #261
ferdowsi wrote: post #11

Cloudflare is down 71% in that same period. Zoom is down 60%. Speculative pandemic tech darlings are no longer darlings and are being hammered across the board. It's going to be a rough time for anyone who had high hopes for their equity compensation.

Cloudflare’s value, as a business, is in their crack team of amazing neteng talent. All these employees could just leave if they wanted to. If you are a public company and your worth is so heavily dependent on talent, how do you mitigate that risk? Is there a future for football player style contracts for engineers, where you are tied in to a team for N years, and with a requirement that another team has to pay big m…

> football player style contracts for engineers, where you are tied in to a team for N years, and with a requirement that another team has to pay big money for your contract if they want you to transfer?

i.e. golden handcuff equity grants with vesting schedules? Top performers in highly demanded areas can have some or all of their remaining equity bought out.

It definitely ties the value of the contract to the stock price. In a way the company is leveraging its stock - significant declines hurt talent retention, and significant gains help it.

Re: Coinbase stock lost over 75% value

#284

Post by enriquec »

bfz wrote: post #165
thematrixturtle wrote: post #152

Earlier quoted context omitted.

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".

I was thinking somewhere vaguely along the lines of easy credit as something like heroin addiction/withdrawal, that's where poison came from. I guess it is awkward

I liked it. Also because the markets have become decoupled from reality/fundamentals/value - like a sandbox - at this point. Also liquidity and fungibility of the money supply/sand =)

Re: Coinbase stock lost over 75% value

#285

Post by lupire »

stockboss wrote: post #48
mjhay wrote: post #10

Earlier quoted context omitted.

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

be greedy when others are fearful, be fearful when others are greedy. - someone pretty damn smart

Don't catch a falling knife - someone pretty smart

Re: Coinbase stock lost over 75% value

#286

Post by donatj »

lupire wrote: post #275
donatj wrote: post #272

Gods I know. Basically everything I invested in in my spare time day trading during the pandemic is down to an insane degree. My entire portfolio is in the red except Tesla, AMC and Nvidia. Shits getting real depressing.

Day trading is not investing.

By what measure? I move money around trying to grow it. That's investing.

> expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property

None of that says "long term"

Re: Coinbase stock lost over 75% value

#287

Post by closeparen »

bradlys wrote: post #271
nr2x wrote: post #53

Earlier quoted context omitted.

My personal rule is living expenses should be salary-bounded, as you can’t have security if you’re living off equity. But everybody assumes a risk level they’re comfortable with, this works for me.

Probably works in some parts of the country but it doesn’t work in SV unless you’re mega-wealthy already and paid off your house.

It works if you live by yourself in a 1BR. To pay the mortgage on a family home you probably need to sell RSUs. It is also super risky to to buy a house you need RSUs to hold on to - exactly the kind of risk that is unreasonable if you have a family.

Re: Coinbase stock lost over 75% value

#288

Post by sooheon »

systemvoltage wrote: post #235
tmaly wrote: post #219

Earlier quoted context omitted.

What do you see version 2.0 of AWS/GCP/Azure looking like?

Back to on prem: https://www.economist.com/business/2021/07/03/do-the-costs-o... Battle of cloud is intensifying: https://www.economist.com/business/the-battle-of-the-computi... HIGHLY recommend looking at Stackoverflow architecture: https://stackexchange.com/performance https://nickcraver.com/blog/2016/02/03/stack-overflow-a-tech... Technology and society has ways to build up layers of abstraction. It takes some rea…

> realization, hindsight, genius and humbleness

These resources are rarer and more expensive than increasing cloud bills (for now).

Re: Coinbase stock lost over 75% value

#289

Post by vkou »

Johnny555 wrote: post #163
dQw4w9WgXcQ wrote: post #141

Earlier quoted context omitted.

Peloton is headed the way of GoPro. They were a pandemic fad for folks stuck in their homes and now you can't get rid of them on FB Marketplace etc.

I'm not sure they care too much how much their bikes earn on resale as long as they get new owners, even if people give them away for free they earn money when those new Peloton owners subscribe at $40/month.

Wait, why would anyone pay $40/month to use an exercise bike they already bought?

Am I stupid? Or is the world stupid?

Re: Coinbase stock lost over 75% value

#290

Post by original_idea »

lupire wrote: post #275
donatj wrote: post #272

Gods I know. Basically everything I invested in in my spare time day trading during the pandemic is down to an insane degree. My entire portfolio is in the red except Tesla, AMC and Nvidia. Shits getting real depressing.

Day trading is not investing.

"hacking is not cracking"....

if you're going to be pedantic, at least add something to the conversation.

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