211–220 of 466 posts
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I’m not sure what you’re implying. In terms of investing, you should not wait until it recovers, you want to invest near the bottom and on the way up. The money you have in now should be held.
I’m implying that it wasn’t “2-3 years” as the parent poster alluded to.
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.
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I lived through the dotcom bust, the financial crisis and now this. Long term it isn’t going to be any worse than they were. In 2-3 years we will be recovering. I feel bad for people who can’t wait out a market cycle, but that’s what this is, somewhat exacerbated by the Fed’s actions leading up to this point.
It took 15 years for Nasdaq to recover from the dot com bust. The S&P 500 was flat from 2000-2010.
I did warn you, 1 year ago against buying the top. [0][1] Oh well. We'll see what happens in earnings today. [0] https://news.ycombinator.com/item?id=26789822 [1] https://news.ycombinator.com/item?id=26673100
what is your opinion re: the whole thing being extremely over-valuated at the getgo? We had already some solid competitors and Coinbase business model is they only make money if customers buy or sell crypto.
Why is Coinbase specifically being singled out? Google went down from $3000 to $2270 in recent months. Affirm is down 27% ... today. Is this because HN was cynical and hating on Coinbase that it would go no where and then it did?
I can't read OP's mind, but their earnings call is tomorrow. Coinbase is a very successful business with actual earnings and a large profit margin, it's just people's opinions of its future income that have changed.
So I'm a crypto non-believer. I see it as the ultimate solution looking for a problem. But that doesn't apply to Coinbase because, at its core, Coinbase should be a transactional business that is a proxy for the size of the crypto market (or, more specifically, the crypto trading volume). I don't know enough about the financials of Coinbase however. It could be they have risks unrelated to their transaction business.…
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Same. I've also bought Affirm, Shopify, Netflix, Peloton and Roblox in addition to Coinbase since they've all dropped ~70-90% in the last 6 months. I agree they were overvalued, but we seem to be in overreaction territory now. Even if we haven't seen the bottom yet, I think we'll see a lot of upside in these over the next 2-5 years.
Netflix really seems like a loser to me. Every production company has a streaming service now, and most make better content than Netflix. Sure Netflix’s app might be better, but it’s also twice as expensive as every other service. I guess that Netflix’s “replace basic cable” package might work for people who only want one service, but from what I remember most people did not especially like basic cable. Wouldn’t be s…
I was saying this 6 months ago on Twitter and was saying it here https://news.ycombinator.com/item?id=29787420
In hindsight stock performance was the biggest advantage they had over competitors, now they have to compete with companies with bigger catalogs and more cash flow (e.g. disney parks)
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…
Worth recalling there are >5 rate hikes priced in for the remainder of the year, and that the problem with CloudFlare isn't just the speculation, but for their legitimate business, the credit fuelling many of their customers, which are significantly concentrated in the tech sector. The coming tightening of hiring will also inevitably mean the tightening of infrastructure budgets. What built CloudFlare's excellent sal…
Aside from that, Cloudflare is growing revenue not just overall but also on a per-customer basis, due to the expansion of products.
Once Cloudflare releases products that allow it to more directly compete with AWS, it'll be repriced by investors. They've already stated that this is their goal. They're missing a compute product and a real database or KV store solution to be at the bare minimum. I think we'll see both, and at least one will happen in the near future.
Cutting infra costs is not easy, especially when the costs of lapsing security spend are so high (how much did Equifax lose on reputational damage + cleanup work?).
($NET shareholder)
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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".
> It's a bit awkward since "poisonous" refers to things you eat poisonous (adj.) [...] 2. (figuratively) Negative, harmful. Synonym: toxic
Poisons are something you do to yourself (usually by ingestion), venoms are injected by the other organism (such as a snake bite).
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I love CloudFlare engineering, I love the products they build. I don't see how they become something more Akamai 2.0 with a similar market size.
They can buy Oxide Computer and become a truly back-to-1997 retro-futuristic cloud company. Hindsight is 20/20. In gradient descent optimization, sometimes it is important to take backwards steps to get out of the local optima. We're going to look at AWS/GCP/Azure with the way manner we currently look at IBM/Cisco/Oracle. I also have no idea what I am talking about. As far as them going bankrupt seems pretty unlikely…
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It warms my heart to think I could still be graded on language use so late in life. How would you describe it?
Its a perfect metaphor for the kind of environment the FED created in the last few years for risk assets imo.