RE: Coinbase IPO Fundamentals
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I have been toying around with whether or not I want to buy in since they first announced their plans. I think the biggest thing that will hold me back is whatever the share price ends up being. If it is in the $300 to $400 range like they are projecting, I will probably less likely to buy than if it was in the $200 range. I was only going to be able to buy a couple shares at the most anyway. My bags are pretty small! I have no doubt some of the mutual funds I invest in will probably pick some Coinbase up though. I hope so anyway. I see they were hit with a fine and they are pushing the sale into April now. I don't think that will have too much impact on my decision.
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I see what you're saying and would have to agree, if it's 400 I would consider waiting out the bull run and then maybe in Q4 start the DCA to get into a position. It will most certainly take a hit if profitability dry's up during the next crypto winter.. could create a better opportunity to take a position.
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Yeah, that is the gamble isn't it? $400 is a tough number. I can totally see people getting disillusioned if another prolonged bear market hits.