"COIN"- Coinbase IPO- Opens today- Thoughts?

[Anonylz]

It's very tempting to pick up a few shares, it could be like the early days of Amazon but they are certainly pricing it very high....

Am really considering given it a try, picking up a few for the future, who knows what will happen in the next 2 to 3 years, it can be more higher in price than this, coinbase is a reputable exchange and the first to have an IPO so i think the interest will be high. i don't even use coinbase but for the sake of making profit it won't be such a bad idear

[int03h]

The first time a company in the cryptocurrency sector goes public. This will be the first step for people to become more active in the crypto market.
Furthermore, Coinbase shares will be actively bought in by the crypto community, which is the same as the hype they have bought into new crypto projects. While it's not known how much the value of COIN (coinbase shares) will increase here, buying at current prices could help people make a profit.

[ChiBitCTy]

So with that said, are you a buyer? Where do you think the price will end up at the close of today? 

Regardless of how you feel about Coinbase ( I personally despise the company ), this is good news for bitcoin and a big reason behind the recent surge.  Should be fun!

I don't like Coinbase either, but business is business.
This being said, I won't be a buyer, at least not now.

Imho Coinbase is not a normal company and this is not a normal IPO. When Bitcoin price will fall and especially when a new crypto winter will come, I expect (I may be wrong though) that the shares will also fall.
If so, why shouldn't I just keep bitcoin instead, especially as I don't afford to diversify much.

Maybe during the next crypto winter Coinbase shares could be a good investment, at least until bitcoin new bull run will start. But that's speculation, hence it doesn't matter. Now, imho keeping bitcoin is better.

Yeah I hear ya and mostly agree with everything you've stated above. Right now Coinbase is largely reliant upon bitcoin but they do have other coins, so it's not like it's completely reliant on bitcoin and I expect them to look for ways to branch out in to different avenues.  I'm not exactly sure which avenues but with all that revenue they should be able to find creative ways.

[rjsolutions28]

Will there be a Coinbase crypto that eventually becomes available on various exchanges?

it is possible in the future. Who knows? but Coinbase might not be allowed to do business in Canada due to regulations, not worth taking a risk with any other company. Netcoins management are advisors to the securities commission in Canada. Netcoins is the way to Canada for me.

[keithers]

I went back and forth about investing but ultimately decided against it.  Since almost all of their profits are based on fees, I would see them facing more and more competition on that front as time goes on. 

Also since it seems like the price should fluctuate based on the crypto market, it feels better holding the actual crypto instead. 

I definitely still think the Coinbase IPO  marks a really important milestone for crypto as a whole.  It was definitely a good day for Marc Andreeson

[lionheart78]

Regardless of how you feel about Coinbase ( I personally despise the company ), this is good news for bitcoin and a big reason behind the recent surge.  Should be fun!

I think not only Bitcoin benefits from this exposure but the whole cryptocurrency industry.  Coinbase being in service for a long time had proven its worth.  Many users may have a bad experience with this exchange but I believe there is far more users that are satisfied with its service, so I guess lots of people and institution will jump in to join the Initial Public offering. 

[Ridwan Fauzi]

I know coinbase and know its credibility to take bitcoin become mainstreem even not bitcoin only there are also some altcoin that meet a huge increase when the coinbase try to list an altcoin to trade in the exchange.

Indeed, it is a good news for us or for crypto industry and we can deny that the recent surge is because this news come. Also, I just thinking that this trend will not gone for short time, this bull run will happen for long time.

It means, choosing long term investment for bitcoin or some altcoin is the right time. Although this news is about IPO but it will give a good impact for altcoin that has been traded either in Coinbase exchange or another crypto exchange.

[sunsilk]

For those who want to invest and very interested in buying Coin, Binance just included them in their stock tokens with Tesla which was the first one.

https://twitter.com/binance/status/1382704550788861953

https://www.binance.com/en/stock-token

[Nightz]

So with that said, are you a buyer? Where do you think the price will end up at the close of today? 

Regardless of how you feel about Coinbase ( I personally despise the company ), this is good news for bitcoin and a big reason behind the recent surge.  Should be fun!

I don't like Coinbase either, but business is business.
This being said, I won't be a buyer, at least not now.

Imho Coinbase is not a normal company and this is not a normal IPO. When Bitcoin price will fall and especially when a new crypto winter will come, I expect (I may be wrong though) that the shares will also fall.
If so, why shouldn't I just keep bitcoin instead, especially as I don't afford to diversify much.

Maybe during the next crypto winter Coinbase shares could be a good investment, at least until bitcoin new bull run will start. But that's speculation, hence it doesn't matter. Now, imho keeping bitcoin is better.

Yeah I hear ya and mostly agree with everything you've stated above. Right now Coinbase is largely reliant upon bitcoin but they do have other coins, so it's not like it's completely reliant on bitcoin and I expect them to look for ways to branch out in to different avenues.  I'm not exactly sure which avenues but with all that revenue they should be able to find creative ways.

They definitely will find ways. I suppose they are the best regulated exchange out there, meaning that they are the number one address for institutional investors for sure. Even if they only provide custody services to huge institutional customers, they'll generate constant income streams. Wanted to check what their initial evaluation is but as far as I know they are bigger than most banks after the IPO. 

Hopefully Satoshi is still alive and can see what he is responsible for!

On the other hand, Coinbase doesn't really stand for decentralization and freedom. If you look at it, they are pretty much like any bank taking any piece of data they can get from you and work together with analytics companies to really find out who exactly you are and what exactly you do...

[coolbaughandrew]

How is Coinbase IPO related to Bitcoin bullrun?

[Ludmilla_rose1995]

These are fiat stocks that I would not buy, but with the IPO of coinbase, I also feel good about the increase in bitcoin. that way, bitcoin will be known more widely. If other exchanges such as Binance, Kraken, and others also follow these steps, the boom in bitcoin will also be even higher.

[dezoel]

Why do you despise Coinbase , can you give a reason why? Is it because Coinbase is centralized (yep, I have seen people who don’t like it because it is centralized) or is it because you have had a different issues with them? I don’t hate their platform and it’s one of my favorite exchanges that I am making use of, and I have not had problems with them, and one thing I like about their platform is that they always makes sure to put security first by making sure that their platform is secure.

They have been doing really great and they are good at promoting themselves and helping the cryptocurrency community and market. I don’t really see anything that is wrong with them, but I understand everyone and personal issues.

[Mart1ncrypto]

Now there are many opinions on this matter, but I was interested in one that is mentioned in this article "Everything You Need to Know About Coinbase IPO". New Constructs CEO David Trainer says that the $100 billion valuation is a mathematical impossibility meaning that the hype is based on ill-founded calculations. It seems to me that this "expert" does not want to believe that the blockchain company has achieved such success.

[kpierce77]

Looking at it from my point of view as an ordinary person in IPOs, I think that Coinbase is starting to enter the market which will make digital assets more mainstream. at least for the future market cycle, maybe bitcoin will start to find a point of stability at a certain price level. https://www.cnbc.com/2021/04/14/coinbase-to-debut-on-nasdaq-in-direct-listing.html Although this is only an estimate, with a market cap of $62 billion, it is a very good achievement for the IPO of a crypto exchange, which means that crypto will easily become more recognized and become more and more mainstream.

[ChiBitCTy]

Why do you despise Coinbase , can you give a reason why? Is it because Coinbase is centralized (yep, I have seen people who don’t like it because it is centralized) or is it because you have had a different issues with them? I don’t hate their platform and it’s one of my favorite exchanges that I am making use of, and I have not had problems with them, and one thing I like about their platform is that they always makes sure to put security first by making sure that their platform is secure.

They have been doing really great and they are good at promoting themselves and helping the cryptocurrency community and market. I don’t really see anything that is wrong with them, but I understand everyone and personal issues.

Coinbase is utterly corrupt, which amazes me that this hasn't been brought up at all on any of the financial news networks ( that I have seen) while this whole IPO talk has been going on.  When people ask me to give them examples of how they are corrupt I always tell them to first google "Coinbase complaints" and take a look at the countless issues people have had.

I was banned from Coinbase several years ago do to "activities they deem inappropriate...those activities?.. I was ordering allergy medicine from a LEGAL online pharmacy, but they didn't like it.  I've had countless buddies who've had funds locked and tied up for absolutely zero reason..and with countless attempts to contact Coinbase they simply get ignored.  One buddy has to file a legal complaint from his lawyer to get them to release his funds.  Another buddy who had been trying for well over 2 months to get his funds unlocked had to tweet Brian Armstrong ( CEO ) and once he made it public of all his issues they finally release them.  I've had other buddies who tried everything and literally were never given their funds back.

Lets talk about how they have had next to no customer service for years and years ( and STILL dont!)... you will be waiting weeks to months to hear anything back.  The fact that they don't have a phone line to call in to is insane for a company will a near 100 billion market share. 

How about the fact that Coinbase has had a freezing exchange for years and years.  They've been caught utilizing practices to benefit them before and just recently were.  Anyone with half a brain knows they've freeze their exchange on purpose to take advantage for themselves.

I could go on.  Moral of the story, try to avoid using Coinbase and if you do NEVER EVER leave your coins on the exchange!

[mk4]

For those who want to invest and very interested in buying Coin, Binance just included them in their stock tokens with Tesla which was the first one.

https://twitter.com/binance/status/1382704550788861953

https://www.binance.com/en/stock-token

I'd advise against investing in these "stock tokens". If you want to buy shares of a company, actually buy them through an actual stock broker. Also taking note that this is Binance, a kinda regulatory-controversial company.