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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#191

Post by astrange »

RyanShook wrote: post #116
squeaky-clean wrote: post #78

Earlier 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.

They actually have opposite strategies - AWS and the other cloud providers charge a lot for outbound traffic to make it hard to leave them.

I don't know if edge computing really has the advantage Cloudflare wants it to have though; it reminds me of open source projects with a lot of mirrors thinking you'll carefully pick the one in the city nearest you, as if anyone even notices.

Re: Coinbase stock lost over 75% value

#193

Post by jollybean »

snowcorn wrote: post #159
jollybean wrote: post #103

Earlier quoted context omitted.

We need something for you for sure, but it may not be blockchain, possibly not even crypto.

Could you elaborate further on this? I originally read your response as meaning something bad specifically based on the OP stating that they are Russian, and I am hoping that isn't actually the case.

Blockchain and Crypto are fairly useless in areas with reliable currency. The Ruble is a garbage currency and so, it's entirely feasible that the stated advantages/benefits of something like BTC really do add up in a place like Russia. But I'm not sure BTC is the solution, or that there are really any solutions as of yet.

As for 'meaning something bad' and not being sure about it, why would you even respond? It's just a discussion board. Nothing we say here is important, it's not worth a glancing though to contemplate if someone somewhere on a comment section may or may not have meant something ill mannered towards someone else.

And in all self awareness, I have no clue on earth why I am downvoted, usually in retrospect it's obvious, but when discussing 'Bitcoin' one can never really tell (not that it matters).

Re: Coinbase stock lost over 75% value

#194

Post by drakythe »

jshen wrote: post #170
ip26 wrote: post #97

Earlier quoted context omitted.

You can think they are a good company while also being fearful they won't survive the macro.

They aren’t a good company if they can’t survive the macro.

This is an astonishingly limited view of what makes a “good company”.

Re: Coinbase stock lost over 75% value

#195

Post by 8note »

Tcepsa wrote: post #185
akomtu wrote: post #140

Earlier quoted context omitted.

I was about to make a joke about nuclear teapots powering cryptominers with their excess heat, but then realised this might be a legit idea: nuclear waste, that nobody knows what to do with, could be used to power asics mining bitcoins.

I think the idea is more that the waste heat pouring off the CPUs (crypto processing units ;-) ) could be used to help heat up a living space

Also it's contributions to global warming?

Re: Coinbase stock lost over 75% value

#197

Post by pingeroo »

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.

Not sure why you're getting downvoted. I wasn't even alive during the dotcom bubble but every account I've heard of it sounds similar to the cryptosphere. Insane valuations. People blindly jumping on the bandwagon. Money blindly being thrown around left, right, and centre towards anything 'web3'. Plagued with tremendous amounts of arrogance, greed, and hubris. People buying Lamborghinis and the like. Classic gold rush mania.

Re: Coinbase stock lost over 75% value

#198

Post by claytonjy »

babyshake wrote: post #110
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.

Good time to change jobs and lock in a strike price?

maybe not yet, unless a super early company, since no one is worth the round they raised in the last 6mo, which is what determines the strike price you'll get today. You're either looking for a down round, or a company that hasn't gone up yet.

Re: Coinbase stock lost over 75% value

#199

Post by [deleted] »

stonogo wrote: post #169
mrpopo wrote: post #148

Earlier quoted context omitted.

Nuclear waste literally comes from power plants. If their residual heat could be used to generate electrical power, it would be done already. It can be (and is, although not everywhere) used, for cogeneration - residual heat from any thermal plant used for district heating/industrial heating processes.

Nuclear waste also comes from plutonium production. And it could be used to generate power, but this leads to fuel reprocessing, which runs afoul of nonproliferation treaties, as it produces weapons-grade fissile material.

[deleted]

Re: Coinbase stock lost over 75% value

#200

Post by gen220 »

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…

I'm a NET watcher/holder, I've read most of their earnings call transcripts and SEC docs since the S-1. IMO, they were way overvalued at their peak on fundamentals. With the recent slide, I think they're "far" undervalued, to an extent that varies based on how much value one attributes to present and future tailwinds that cannot be encoded on a balance sheet as future receivables.

Boiling it down, I think institutional investors do not fundamentally understand Cloudflare's technical raison d'etre.

As you implied, NET gets lumped in with its IPO class of "tech stocks", but is fundamentally different, for the reasons you gave. They have a legitimate moat, differentiated technical talent, and are fishing in a growing pond.

Similar to the Amazon story, it seems inevitable that a company shaped like NET is going to make oodles of money in the next ten years provided they have the right leadership and capital structures. NET has all that, and a several-years head start. On and up.

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