Coinbase - COIN

Stock Discussions
762

Hi @Aud

Two often repeated phrases are all you’re going to need, they won’t answer your question but they’ll put you on the right path.

Past performance is not a indicator of future returns

Do your own research

The latter meaning dig into the company, the leadership, read up about the future of crypto (from a variety of sources both bull and bear).

Buying a house, or house builder, during a dip is a very different risk calculation to buying a crypto exchange.

Good luck and don’t feel need the need to rush, you’ll feel the sting of a rash decision longer than the FOMO.

763

How did you lose your crypto? Bad trades? Or do you mean you have the same amount of crypto it’s just worth less on USD terms?

Pretty soon a lot of people who invested in random “crypto” are going to realise all the random coins that they brought are quite worthless. I’m holding my BTC but if I’d got sucked in by any scam coins I’d be running for the exit like everyone else seems to be.

764

I invested £3000 and at the moment it is worth £1000 if I cashed out. I’m just going to wait until it recovers.

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765

if you don’t need the money => just hold and be patient. I also “lost” 2/3!

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766

Personally I don’t think this company will do well and would not invest in this space, certainly not at present.

Why do I think that? Because the use value is very close to 0 so there is no lower bound, unlike say housing. Will the market recover? Are people using cryptocurrencies to transact as opposed to speculate?

If we see people using cryptocurrencies to transact and replace fiat currencies (and specifically the ones you are investing in), as opposed to speculation on price, then that puts a floor on their value. There will doubtless be some recoveries on the way down, but this could fall a lot farther than $350 to $50 if many customers drift away this year after losing all their savings on cryptocurrencies. I wouldn’t be surprised to see COIN drop another 10% today tracking Bitcoin.

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767

Thank you for your tips. I think I may have been rash buying these.

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768

Thank you Kenny. I’ve a lot to learn

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769

You’re in the right place and asking questions. The feeling you get when looking at stocks makes you think “if I don’t buy now it’ll double tomorrow …”. In all probability it won’t and will cost you more than waiting a week and reading everything you can.

Learning to understand some basic financials will be invaluable. Nothing complex just things P/E, EBITA, difference between cash flow positive and profit …

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770

This is probably a crazy question,but where has it gone? :joy::joy:

771

I feel like this is a brave strategy. I’d be asking myself how many coins from the 2017 ICO bubble recovered…

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772

We all do.

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773

Agreed.

I cashed out all my altcoins in March. Locked in some profits and now only holding Bitcoin and Ethereum.

Happy holding 5+ years, as I know they will still exist and likely appreciate.

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774

My main holdings are BTC and ETH and these are both down substantially from their highs. I also hold Cardano, Solana, CRO (staked) and a tiny bit of SHIB left over (sold out most of my SHIB at the peak).

I don’t need the money anytime soon so I ain’t selling. These are long term holds for me.

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775

How do you buy cardano safely guys?

776

I use Kraken to buy all my Crypto. :+1:

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777

Thanls ill try it… What about coinbase?..

778

The fees on Coinbase are generally very high, unless you use Coinbase Pro.

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779

Correct. Since there’s no hurdle or cost for using the Pro verson afaik, it’s kinda the same to buy on Coinbase Pro or Kraken.
Both are legit exchanges and I’ve used both for many years.

780

Now that they have the “advanced trading” option on coinbase, you can basically trade on coinbase with fees similar to what they are on coinbase pro. Which is a big win.

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781

Its being shorted by 17% by the big firms according to marketbeat.