$COIN The Most OverHyped and OverPriced Listing of the 21st Cnty
Coinbase's Direct Listing signifies what is wrong with the trading world on a grand scale as of late.
The new investor possibly with their stimulus check or worse their life savings throwing everything into every turd that is being FOMO'ed onto the public.
COIN is no exception, besides the company taking advantage of new crypto investors be charging a ridiculous transaction fee for each trade.
The company itself really is in a bad position, financially and spatially in the sector. The balance sheet isn't anything to bat your eyes at, and the multitude of early investors before it even went public will gladly dump all their stock at these price levels as it is by far the most overhyped company trading right now. The real value for this turd imo? $10 and I wouldn't even throw much at it.
Call me jaded since I actually used the website when I first started trading crypto before switching, but this public listing will be the death of the current crypto run and we should see all the cryptos begin to fall like dominoes behind this tanking ticker.
PT in a few months around $100 and I wouldn't even buy it at those levels.
The new investor possibly with their stimulus check or worse their life savings throwing everything into every turd that is being FOMO'ed onto the public.
COIN is no exception, besides the company taking advantage of new crypto investors be charging a ridiculous transaction fee for each trade. The company itself really is in a bad position, financially and spatially in the sector. The balance sheet isn't anything to bat your eyes at, and the multitude of early investors before it even went public will gladly dump all their stock at these price levels as it is by far the most overhyped company trading right now. The real value for this turd imo? $10 and I wouldn't even throw much at it.
Call me jaded since I actually used the website when I first started trading crypto before switching, but this public listing will be the death of the current crypto run and we should see all the cryptos begin to fall like dominoes behind this tanking ticker.
PT in a few months around $100 and I wouldn't even buy it at those levels.
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