RE: Coinbase IPO Fundamentals
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I think this stock has the potential to be as volatile as the bitcoin market itself! I suspect the price volatility will strongly mirror what's happening in the stock market AND ALSO crypto markets. It should be interesting to see how these two industries sort of intersect through this listing.
Besides price volatility from market conditions I think we need to look at security issues too. If there was ever an exchange hack (they do happen from time to time) that would be devastating to the stock price I'm sure.
The other factor for consideration is regulation. A heavy handed approach to regulation by the US government could cause turmoil with the stock price.
I think for these two reasons alone this stock will carry higher risk than a more traditional offering like IBM or Alphabet.
I'm up in the air with whether or not I'm going to jump right in. I could see myself owning a couple shares of this depending on the price, but I'd like to see some sort of price discovery first, and also how Wall St. receives this offering.
All good points.
This probably scares me the most, even though it's something many of us are used to already having been through a bull and full bear market already personally. I'm not interested in holding everything through a 3 year bear market..
Definitely looking forward to some price discovery on this, maybe even for a few months before I would consider parking some in a portfolio.
A heavy handed approach by US regulators would send all of crypto a tumbling, literally stop the bull market dead in it's tracks. Lets hope we never see this..
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