As a russian I like coinbase. It promotes crypto, which makes my world warmer.
Siberian permafrost is melting, and the apartment buildings relying on it for a foundation are collapsing.
I think there was an implicit /s on that comment.
Coinbase stock lost over 75% value
341–350 of 466 posts
Re: Coinbase stock lost over 75% value
#342Re: Coinbase stock lost over 75% value
#343Earlier quoted context omitted.
Whenever cloudflare has an outage and like half the internet stops working, it reminds me to buy some more.
Good point. But does Cloudflare have a moat? Seems like AWS or some other service could start competing directly with them if they wanted to.
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Re: Coinbase stock lost over 75% value
#344Earlier quoted context omitted.
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.
So I'm actually in on PTON right now and feeling some pain, but what made it click for me was that the bike was completely unusable without a subscription. At this point, returns and people just burning/destroying their Pelotons are the only risk. In addition two things made me think about it: - The kind of people who buy pelotons are usually not the people who worry about that amount of monthly charge and may keep i…
what made it click for me was that the bike was completely unusable without a subscription
That's why I went with a Keiser bike instead of Peloton, it was the same price for the bike, but no subscription needed, and I can easily use it with any spinning app. Plus I didn't like having a big expensive display on the bike, the Keiser has a simple 4 line LCD display.
I like the Peloton instructors, so I subscribe to the Peloton service, but I only pay $13/month for it (which makes the $40/mo they charge to Peloton bike owners seem like even more of a ripoff). I track my workouts with my watch, so if they raise the price too much, I'm not tied at all to Peloton and I'll just switch to another service.
Re: Coinbase stock lost over 75% value
#345No post body was provided.
Re: Coinbase stock lost over 75% value
#346Earlier quoted context omitted.
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?
You can pedal the bike without a subscription, but you don't get any metrics tracking (you can't even pair it with your watch or iPad), and you don't get any of the interactive classes that most people buy the bike for. I pair my spin bike with my watch so I can track my workouts and performance, so would be pretty unhappy with a bike where I couldn't do that or at least see biking stats online like you can with the Peloton app.
But if you have the Peloton Tread treadmill, it's even worse, you literally can't use it without a subscription due to a new "safety feature".
Re: Coinbase stock lost over 75% value
#347Cloudflare 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.
in fairness, coinbase was never ever a darling :(
Re: Coinbase stock lost over 75% value
#348Earlier quoted context omitted.
I’m implying that it wasn’t “2-3 years” as the parent poster alluded to.
“ In 2-3 years we will be recovering.” I’m not sure exactly what he meant, I read it as “we will be near the bottom in 2-3 years”. Recovering means something different than recovered.
So now if we compare it to the dot com bust. It will be 20 years before the recovery….
Re: Coinbase stock lost over 75% value
#349Earlier quoted context omitted.
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"
According to the SEC, day trading is not itself a form of investment due to the lack of fundamental analysis, a lack of long term thinking, a bigger focus on price movements and a more technical approach.
But of course, by a number of other definitions, it is. It really just depends on what yours or someone else's frame of reference is.
Re: Coinbase stock lost over 75% value
#350Earlier quoted context omitted.
That doesn't contradict the EMH at all. The EMH does not say that stocks never go up or down without news.
It contradicts whichever part you want it to But that was the biggest rally in a very long time, 3% on broad indices, only to erase all gains and continue lower Somebody created exit liquidity
Again, doesn't contradict the EMH. Might want to reread a wikipedia article or two.