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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#351

Post by mym1990 »

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.

Seeing more and more price cuts and higher inventory in Denver. Still not even close to consider shopping, but an interesting observation.

Re: Coinbase stock lost over 75% value

#352

Post by vmception »

esoterica wrote: post #350
vmception wrote: post #330

Earlier quoted context omitted.

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.

Yeah thats because its an unfalsifiable hypothesis, which undermines its credibility right out the gate

Any theory or hypothesis that has zero criteria for being proven wrong is not science and has no place being repeated at all

So you’re not wrong about it not contradicting, because nothing does since its a bullshit saying masquarading as a hypothesis, there’s just no point in leaning on it

Re: Coinbase stock lost over 75% value

#353

Post by dehrmann »

anonu wrote: post #99
wallawe wrote: post #4

I'm a buyer at this point. We'll see how earnings turn out tomorrow, but no matter how bad the macro environment, I think $COIN at 7 P/E is a good buy long-term.

P/Es are irrelevant here I think. $COIN is a transaction-based business. Transactions are correlated with the price of BTCUSD. BTCUSD is down 50% in 6 months. The r/wsb crowd and others just wont be as enthused to trade something that isn't going to the moon. Thus, transactions will continue to trend down and $COIN will suffer.

Earnings next quarter will be interesting. Transactions are better correlated to the volatility of Bitcoin, so they should have quite a tailwind from it. Their problem will be if it scares people away from crypto. Q2 might be good, but the guidance will be bad.

Re: Coinbase stock lost over 75% value

#354

Post by mikeg8 »

hardwaresofton wrote: post #317
Johnny555 wrote: post #163

Earlier 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…

> - The kind of people who buy pelotons are usually not the people who worry about that amount of monthly charge and may keep it aspirationally

I think this is a very limited market that may be getting close to saturation. Most people don’t want to spend $40 a month to own a bike

Re: Coinbase stock lost over 75% value

#355

Post by bogomipz »

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?

Are the strike prices calculated on the start date then?

Re: Coinbase stock lost over 75% value

#356

Post by scrollaway »

brundolf wrote: post #270
gen220 wrote: post #200

Earlier quoted context omitted.

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 institution…

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

I’m the cofounder of https://olainvierte.com - we released our stock trading app just days ago. We focus on financial education and long term financial health for Latin America but anyone is welcome :)

Re: Coinbase stock lost over 75% value

#358

Post by bogomipz »

jsjohnst wrote: post #323
kortilla wrote: post #282

Earlier quoted context omitted.

Opposing view. Cloudflare doesn’t own anything significant in the form of data centers. Having small rented footprints at IXPs across the globe is not an asset, it’s just a cost. I’m not downplaying the difficulty of getting it setup but there is no intrinsic value in having it if demand for their product collapses. > Developer sentiment towards Cloudflare is comparable to Apple fanboys of the previous decade This is…

> Cloudflare doesn’t own anything significant in the form of data centers. Having small rented footprints at IXPs across the globe is not an asset, it’s just a cost. Akamai is the leading global CDN provider, want to guess how many data centers they own? Sure, owning a data center is an asset, but it’s also a liability too.

How is it a liability? It's real estate holdings, often in or near desirable cities.

Re: Coinbase stock lost over 75% value

#359

Post by nostrademons »

claytonjy wrote: post #198
babyshake wrote: post #110

Earlier quoted context omitted.

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.

Or a public company that took it in the chin over the last 4 months. With public companies you get the market price at the first board meeting after hiring, and you don't take quite as much risk of your stock being totally worthless as you would with a down round or unknown company.

Re: Coinbase stock lost over 75% value

#360

Post by nradov »

jshen wrote: post #327
nradov wrote: post #258

Earlier quoted context omitted.

It's interesting to look at the list of 11 companies profiled by Jim Collins in his classic 2001 business book "Good to Great". How many of them are still considered great today? In other words, is being great at one point of any value in predicting long-term success? Abbott Laboratories Circuit City Stores Fannie Mae Gillette Company Kimberly-Clark Kroger Nucor Philip Morris Pitney Bowes Walgreens Wells Fargo https:…

Again, they aren’t a good company today if they can’t weather a down turn. They may have been a good company in the past, but they aren’t currently if they can’t make it.

That definition of "good company" is close to being just a tautology. It isn't useful to investors or business managers.

Are there any consistent patterns which allow us to reliably predict which good companies will contine being good longer term?

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