171–180 of 222 posts
Slightly off topic but can anyone explain to me why a massive company like coinbase uses Medium as a blogging platform/software? Why are they not hosting the blog within their own ecosystem/site?
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> That being said, I do have a business accepting card payments and the 2-3% for me is closer to 0.1% past bank fees. Are you saying that you only pay 0.1% in fees for accepting credit cards? Is this in the US? If so, please tell me whom because that's an insanely good deal, and they are surely losing money. Some other pieces you aren't including - credit cards are prone to fraud. Despite paying 2-3% in fees to banks…
> Crypto allows for a basically instant settlement that looks very much like a cash transaction. Which customers don't want. Customers like paying by credit card because they know that if your product/service was fake, the credit card company will make sure they get their money back.
I personally would love to have the option in return for a portion of the 2-3% + fraud fees.
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But the point is that everyone with a bid >=$50 got filled.
If I am willing to buy 100 shares at $100, I may be willing to buy 300 shares at $60. So just because my bid got filled doesn't mean I won't be buying more.
100 shares at $100
200 shares at $60
This will satisfy your demand position.
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From EquitZen's knowledge center: "Shares that are the subject of investment through EquityZen are generally subject to a lock-up period of up to 180 days after the effectiveness of a company's IPO filing, during which time shareholders are restricted from selling their shares."[1] The 180day lock-up period could EquityZen poorly suited for investors with a short time horizon.
In this case though, Coinbase is doing a direct listing, not an IPO. I think there is usually no lockup associated with a direct listing.
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This is always how it works. Institutionals always get first dibs (and the middle, and the last)
Not with a direct listing. Coinbase shares would be subject to an auction and the market for them will open at the price where supply meets demand.
My shower thought the other day: How much money would Coinbase have, if instead of building the company they had just bought Bitcoin back in 2012 with their seed money? I think it had dropped to about $7.50 around then.
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umm I am actually genuinly trying to understand what changed... I thought they already told us they are planning to do an IPO.
If you thought they were doing an IPO then this post will tell you they are planning a direct listing. They sent a draft in December for this, so yes we knew, but now its official.
Anyhow, thanks for the explanations.
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How long until Coinbase blocks the buying of popular tickers too because powerful hedge funds tell them?
Coinbase isn’t the only game in town fortunately. Arbitrage and the decentralized nature of crypto makes it impossible to stop. RobinHood just removing the buy button hopefully opened some eyes today to how rigged the traditional system is. It is free market when it benefits the powers that be. When it goes awry, they are always bailed out. Bernie put it best today- “The business model of Wall Street is fraud.” Anyon…
There are much more mundane explanations for Robinhood's actions[0][1] than a high-finance cabal hiding in plain sight.
Is there some institutional conspiracy theory version of Hanlon's razor, something like "Never ascribe to a secret cabal that which is ascribable to finite resources and inflexible regulations"?
Disclosure: currently short to the puppet master lizard people cabal from Nibiru a double-touch knockout option on my soul ;-)
[0] https://www.vice.com/en/article/wx8bpx/experts-say-robinhood...
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From EquitZen's knowledge center: "Shares that are the subject of investment through EquityZen are generally subject to a lock-up period of up to 180 days after the effectiveness of a company's IPO filing, during which time shareholders are restricted from selling their shares."[1] The 180day lock-up period could EquityZen poorly suited for investors with a short time horizon.
Could you do what Mark Cuban did and work with your brokerage to do sell calls & buy puts around the strike? That would lock in your price for a given amount of time.
that said, options usually are available a few days after the ipo, so may not accomplish the objective