Revenue dropped 40% from the previous quarter. This is the problem of a transactional business model that is pegged to volatility. Maybe I’m old fashioned but the last 3 months seems volatile enough.
Coinbase Global Inc. shares hit new closing highs two days in a row heading into Tuesday’s quarterly earnings report, but a summer slowdown in cryptocurrency…
Its only an 8% drop in share price not the end of the world.
My coin base is pure quick money in, hold and sell! I don’t keep buying… I don’t see the point, it’s just a another ‘good’ time to buy again… then wait for the £400 mark. Then sell… boom! Profit for more stable investments!! My opinion only!!!
Why has Coinbase dropped so much?
Indeed… Coinbase did not drop in isolation.
anyone else only getting price data ths day after?
May see in increase in share price when the US market opens
There’s no real historical data on Coinbase as they only IPO’d last year.
It also depends on what you mean by diversified. If you think they fit a section of your portfolio with little overlap then it might work. They’re a young company and will need to keep improving to stay ahead.
Their revenue is linked to the rise of bitcoin so is not wholly in their control
What does a good graph look like? P/E looks pretty good.
any graph that doesn’t look like the stock is crashing
It looks great. Might be looking to buy some if it goes lower. Need to check their financial statements
Those are the best graphs! As long as the fundamentals are still there.
YIKES. I like Coinbase for what it’s worth, they’ve worked hard to pull up the standards for what a Crypto company can be.
I noticed this on Twitter
That’s actually in the 10-Q quarterly report. Of course, if you keep your crypto off the exchange in a private wallet then you are safe, and it’s unlikely Coinbase is going anywhere.
