/biz/ - Business & Finance

So buy some COIN or get some calls

>>52934458

quoting buffet again "be fearful when others are greedy and be greedy when others are fearful"

People are fucking fearful now, I'm backing up the truck. I've been heavy in coinbase since the FTX collapse, now I'm really diving in after watching my port go from 41k to 12k in a week on coin options, I'm doubling down

I've been thinking of grabbing some also, just running out of actual cash and will have to shuffle things around. Shit just hit it's 52 week low, and one of the only exchanges with Any credibility

>>52934596
holy shit if i hear another redditor parrot this shit

>>52934677
>>52934691

they are publically traded, their finances are out there for everyone to see, I think the March options that cost $150-250 each are a good sweet spot, goal is to get those and then sell weekly calls IF we see a recovery to $45 or so, there could be some sweet sweet premium selling options

Blackrock is the biggest asset manager on planet earth, and this is their partner for crypto.

9 billion marketcap for a company with 5 billion in cash that just lost its second biggest competitor

coinbase is in trouble because the market is still actively shitting the bed. If more exchanges go down then the market for crypto will dry up. Coinbase makes money off of fees, but if no one trusts crypto as a whole then coinbase will be in the red until bankruptcy.

>>52934828

tough to say about crypto, trump NFTs are exciting people.

"In it for the tech" projects still have people that want to buy and sell it. BTC seems low at this level, all you need is a minor bit of excitement to get people to throw their money at this

I have my holdings in crypto anyway, may as well sell some to get some options while coin is priced out of reality

even as a turbo bull, their bonds really scare me

>>52934767
>pushing options
Yeah, cool story Ranjeed.

>>52934878

options dont move stock prices; if I was trying to pump and dump a $8,000,000,000 company with /biz/'s basketweaving budget I would have said to buy shares. but I'm not , I'm recklessly betting that they will recover.

>>52934877
>even as a turbo bull, their bonds really scare me
did you mean as a turbo faggot?
coin base is a terrible buy, you're welcome.

>>52934951
their bonds appear to be yeilding about 16-18% right now, shows a lot of concern in the market.

their cash position seems great though. If crypto lives, coinbase will be seen as the safest name.

>>52934991
>If crypto lives, coinbase will be seen as the safest name.
no, there are clearly safer exchanges that aren't IPO'd and waste a ton of money marketing, e.g. FTX, Binance, & Coinbase.
the other thing is, well, they don't call it "goybase" for nothing.
you stupid goy.

>>52935019
You’re retarded and no one should listen to you.
>FTX = safer
Kill yourself

>>52935019
the final redpill is to know that normies are cattle but to love them anyway.
normies love coinbase.

which exchanges are better? only DEX?

don't mean to be the one to stick up for coinbase. don't like the company ethics wise, I just think that at these prices its a steal, same thing I would for any company that is undervalued, but this one is LOW LOW

>>52935112
>>52934423
I've been buying that stupid shit since launch and my average price is at $100 now. The last time I bought was at $45. I'm fucking tired anon. I'm very, very tired.

>>52935153
very very tired here too, not as tired as you, lost my shirt selling puts on this. sick of it, but dropping 3k in fresh fiat into my now 12k account so I can really sink into this dip

>>52935090
humorous because the redditor is higher IQ then you. those are obvious examples of overmarketed piece of shit scam exchanges.
>>52935112
normies liked goybase because it's the closest experience to a traditional brokerage in crypto.
but normies have lost confidence and aren't in a rush to throw money in the same scams they would've a year ago.
no, it doesn't mean it's undervalued.
the entire stock market is overvalued.

>>52935219
Not trying to troll you but, like always, it's literally dumping yet again as we speak.

Seems like a good idea to DCA in some change every week

>>52935283
only needs to recover by march, stock beta is like a 3 so this is expected IMO

>>52935228

my thought is that if crypto shoots up , coin will shoot up with it, normies arent interested in crypto because the price is lower and its literally the meme where everyone lines up to buy 67k bitcoin but no one wants to buy cheap btc

>>52935381
this, COIN might not be at the VERY bottom yet.. but it is undeniably good value right now

it made like 3bil PROFIT in 2021, thats like a p/e of 3 at current price. all it needs is one more crypto run and stock will go HARD.

>>52935512
the problem is that if there's another good crypto run you'd be better off holding eth or bnb

>>52935423
>my thought is that if crypto shoots up , coin will shoot up with it, normies arent interested in crypto because the price is lower and its literally the meme where everyone lines up to buy 67k bitcoin but no one wants to buy cheap btc
I will offer, that thought is incorrect.
goybase might appreciate as you'd expect, however your "outperformance" on goybase would've been better suited on actual crypto and would carry far less risk, as long as you're not staking or leaving on exchange.
realistically though, you probably won't make money buying goybase stock, because, as said earlier, the entire stock market is overvalued.

>>52935537
exactly.

>>52934423
>company marketcap under 10 million
no it isnt its 8 billion

>>52935537
>>52935562
>>52935580

I see coin as a mutual fund of crypto in a way, I like coin because I think if their is a raise, it will be a bumpy ride on the way up and a bumpy ride is what makes coin money

>>52935641
correct, that was a typo

I can't believe the mouth breathers that are so negative on crypto that they can't see the value in the "picks and shovels" seller. I would like robinhood too, normies hate them because of GME , but coinbase doesn't have this tainting (even though it probably should because of blackrock connection)

They don't have XOR nor BNB in their shitty service so I do not care. They should fire the remaining 3 people working there.

>>52935769
oh no they dont have the chink's personal money laundering operation listed nooo bad exchange bad exchange

>>52935537
>>52935769
so fucken based anons

>>52935692
you only make money selling picks and shovels, not by being an unsecured creditor for the guy selling the picks and shovels, that's retarded.

>>52934423
I'm investing in Kraken instead who will eat Coinbase's lunch if they ever IPO

>>52935692
I think they took a serious reputational hit when they fired people without telling them out of the blue. A company like this isn't Twitter they really need to avoid looking like they are broke as much as possible, fire in batches of like 4 once every week/two weeks something like that.

>>52934596
if you spot buy than buying cryptos will generally outmoon the coin stock, so you are forced with options
then the theta becomes a problem: how far otm and how far out in months did you buy your options

granted its a possible play, but spot buying top cryptos is probably a better plan with far less risk as you can hold forever costfree

here's the other thing, some of you anon's are going, yea but goybase is a partner or something with blackcock.
well, yea, but that's a sign of decay.
blackcock used to be only politicians and ultra--wealthy could invest in their funds.
when they opened it up to retail investors, that's when they started making dumbass trades like investing heavily in real estate.
the point is, some of you are interested in the blackcock, but those are rose colored glasses of what you used to know the firm to be.
the relationship is a bad thing, just to be clear.
here's another misdirection, goldman sachs said mid november goybase will go to $42 - $49/share.
well, they always tell their investors to buy when they're selling, they create their own private market.
so, simply, it should go down because the goy advice is to buy.

>>52934423
Crypto is poison rn. Even regular tech stocks are. It won't see growth until 2024.

>>52934423
>buy my bags
Coinbase bond is trading at a 50 percent discount, the market has priced in that goybase has a 50 percent chance of going bankrupt in the next few years. Make of that what you will

>>52935019
>clearly safer exchange
>chinance
>FTX

>>52935923
peak fear
there is zero chance of coinbase going bust without massive fraud or a hack
they have enough funds to last the bear and can aggressively cut costs as they are doing by axing the wagies

>>52935986
jesus I was hungover and I've got a sinus infection.
give me a break and fuck off.
you know what I was saying.

>>52934596
>I just lost 75% of my accounts value in a week with options
>here’s how I plan to lose the remainder

>>52936259

scared money don't make money- heavy leverage at price floors is where you make all the money

>>52936201
Obviously I don't understand what you're saying. What exchange do you think is safer than Coinbase right now? None of them are publicly traded (i.e. not beholden to any oversight) and nearly all of them are run by sketchy foreigners living in countries that don't have extradition treaties with the US.

>>52935537
perhaps but of course its less risk than holding shitcoins (and slight diversity than holding just btc)

amazing how normies just have no idea what crypto is, they have heard of btc ltc doge and eth but thats where their knowledge ends

They don't know about all of the connections or everything all us autists know

you make money by doing the shit that the general people don't know about