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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#381

Post by nradov »

bradlys wrote: post #319
closeparen wrote: post #287

Earlier quoted context omitted.

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.

Most people in SV do this. So, it’s pretty normal actually.

That's just totally disconnected from reality. The majority of Silicon Valley homeowners don't receive any equity compensation. You should walk around and talk to regular people sometime.

(The numbers may be different if you look solely at recent buyers in a certain limited set of neighborhoods.)

Re: Coinbase stock lost over 75% value

#382

Post by londons_explore »

rizzom5000 wrote: post #313
brundolf wrote: post #270

Earlier quoted context omitted.

This may be the wrong place to ask, but if a regular person wanted to buy stock in an individual company or two, and mostly hold it (not day-trade), what's the right channel for that? Might put some fun-money in Cloudflare

Lots of online brokers will let you trade individual securities. The used to be more fees associated, but lots of places now allow zero-fee trading as well. ymmv https://www.nerdwallet.com/best/investing/online-brokers-for...

Please don't call it zero-fee.

Try buying $1000 worth of any stock and immediately selling again. Notice how you now only have $980. You effectively paid a $20 fee. It was just a hidden fee in the spread caused by whoever executed your trades.

Re: Coinbase stock lost over 75% value

#383

Post by jjfoooo6 »

toomuchtodo wrote: post #367
jjfoooo6 wrote: post #336

Earlier quoted context omitted.

> borrowers slowly approach insolvency These are 4 week loans, exposure to any given customer is small. And in a recession demand for these loans will increase.

Their loan terms are typically 3, 6, 9, or 12 months. They’re not profitable and had $379 million in operating losses last year. Whether consumers ramp their demand for this product, which the data shows is overwhelmingly utilized for discretionary purchases such as fast fashion and their accessories, electronics, and digital goods, remains to be seen. > 43% of Gen Z users have missed at least one payment, according…

I was mistaken about the loan term, I assumed they were typical "pay in 4" loans. That does sound quite bad.

Re: Coinbase stock lost over 75% value

#384

Post by Ekaros »

alasdair_ wrote: post #184
dheera wrote: post #151

Earlier quoted context omitted.

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.

Electronics and clothes still work when the company is bankrupt.

Not sure about all of modern electronics with call home functions and services... They might not...

Re: Coinbase stock lost over 75% value

#385

Post by scarface74 »

jshen wrote: post #371
scarface74 wrote: post #348

Earlier quoted context omitted.

So now if we compare it to the dot com bust. It will be 20 years before the recovery….

I believe it was ~13 years before the nasdaq reached the same level as the peak of the dot com bubble. I also find it odd to use the peak as the primary reference point. It was a brief moment in time. For example, if you had invested in the nasdaq in Feb 99 or Nov 2001, instead of Nov 99, it recovered in 7 years. If you started in Aug 98 it recovered in ~5 years. There was rough a window of a year where it would have…

It was 17 years

https://money.com/tech-stocks-recovery-dotcom-crash-bubble/

Re: Coinbase stock lost over 75% value

#386

Post by jshen »

scarface74 wrote: post #385
jshen wrote: post #371

Earlier quoted context omitted.

I believe it was ~13 years before the nasdaq reached the same level as the peak of the dot com bubble. I also find it odd to use the peak as the primary reference point. It was a brief moment in time. For example, if you had invested in the nasdaq in Feb 99 or Nov 2001, instead of Nov 99, it recovered in 7 years. If you started in Aug 98 it recovered in ~5 years. There was rough a window of a year where it would have…

It was 17 years https://money.com/tech-stocks-recovery-dotcom-crash-bubble/

That’s using a different index than I used. Neither is right or wrong, hard to define “dot com” bubble stocks precisely

Re: Coinbase stock lost over 75% value

#387

Post by sofixa »

nradov wrote: post #363
gorgoiler wrote: post #261

Earlier quoted context omitted.

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…

There are only about 1700 NFL players total at any given time. Most of those guys have amazing natural talent, honed by 10+ years of intense training that would crush most of us. Network engineers are comparatively far more expendable and easily replaceable. It's not nearly as hard to learn as NFL level football.

Now add football (soccer), basketball, baseball, hockey, volleyball, and we're at probably tens-hundreds of thousands of professional athletes with multi-year contracts.

Re: Coinbase stock lost over 75% value

#388

Post by baskethead »

nostrademons wrote: post #368
bb88 wrote: post #334

Earlier quoted context omitted.

> but I haven't tried to value it & I have no idea what it's worth. More than zero, less than infinity. Thankfully a lot of people do know how to price the value of a stock. A good number to target is a P/E ratio of 30 for a tech stock in growth mode. Tomorrow COIN releases their earnings report. EPS is expected to be 0.17% of the share price. So I would expect the blood bath to continue on COIN stock. If I had money…

That's a really rough valuation heuristic that can lead you very far askew. A P/E of 30 is appropriate for a value stock (steady earnings) at 3% interest rates. (How did I get that figure? P/E of 30 is about a 3% earnings yield, and if earnings are steady the stock is effectively equivalent to a bond at that rate.) For a growth stock, you have to ask yourself "How much growth do I believe is left in this market?" A c…

A PE ratio of 30 for a value stock? You have got to be kidding me. Average PE ratio for the SP500 was about 15 until the pandemic.

Re: Coinbase stock lost over 75% value

#389

Post by baskethead »

weatherlite wrote: post #297
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.

Everyone is losing now almost regardless of asset class. You could argue house prices haven't fallen yet ... let's wait and see this isn't over yet.

I'm up 40% since Jan 1 2022. I've been short the markets and shorted AMZN since November 2021. I've made roughly $100k on it and just closed my position today.

Re: Coinbase stock lost over 75% value

#390

Post by baskethead »

legobmw99 wrote: post #149
StanislavPetrov wrote: post #86

I remember the "dotcom crash" of 2000, after which all of the scuttlebutt was about how the internet was a fad and all the related investments were just a giant bubble. The rhetoric I'm hearing today about crypto is strangely reminiscent. How it will turn out, nobody knows, but humility is warranted if history is any guide.

This is ripe for survivors bias. Nobody remembers the time people said “X is just a fad”… and it was

Everyone knew that the Macarena was a fad.
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