I managed to recover my cost basis into my COIN investment. I haven't jumped in again since getting out. That was a slow recovery. COIN does seem to be the last man standing of the major exchanges.
It's one of the top three. Says Bloomberg today - "Bybit surpassed Coinbase in March to become the world's second-largest cryptocurrency exchange after Binance"
I’m a little confused about Coin. I hope someone can explain. If ETFs are driving the vast majority of new crypto investments, how does COIN capitalize on that? Wouldn’t most of those ETFs be purchased through traditional brokers? In addition, I understand that BTC will be traded on CME, taking the majority of institutional Coinbase users. Finally, is it possible to use a cold wallet as collateral or leverage for any other investment? If not, I’m really missing the need to buy through BTC. Either I am missing something or the market is. I’m not much into crypto. So, it could definitely be me, but I don’t see the use case expanding here. I see it shrinking.
There are over 11,000 crypto "assets." Just two of those are - Bitcoin and Ethereum - are seeing mainstream adoption from institutions so far. COIN's revenues point to institutional fees on crypto transactions which could relate to ETFs. Not sure. At any rate, Coinbase seems likely to be a dominant player in whatever crypto turns out to be.
@@Nanalyze Fair point. There are lots of cryptos to choose from. I really wasn’t considering anything other than BTC - and to some extent ETH. I am certainly different from a lot of investors, but I like the ability to move my money directly from a BTC ETF to AAPL, let’s say. Then back. I can’t do that if I’m holding BTC in a cold wallet, a COIN account or a bank account, for that matter. In fact, I can’t do it seamlessly, without delay, if my money is anywhere other than my traditional broker. I’m obviously not a Crypto HODL’er. I put no more than a toe in, but I was using COIN as a sort of proxy for BTC for a while. That worked well, but now I’m out, because I feel like COIN’s use case is slipping. I guess I should just move on to the next opportunity, regardless. I did well. Maybe I’ll miss an epic run, but I can’t complain about the return I did capture and I just don’t have the conviction that is required to hold anymore.
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I managed to recover my cost basis into my COIN investment. I haven't jumped in again since getting out. That was a slow recovery. COIN does seem to be the last man standing of the major exchanges.
It's one of the top three. Says Bloomberg today - "Bybit surpassed Coinbase in March to become the world's second-largest cryptocurrency exchange after Binance"
10:28 this is real. I was scammed last year and lost $ 10,000. One of the payment methods being used by the scammer was the USDT
Crypto has opened the door for a wealth of scams unfortunately. Democratizing access to wealth as they say.
I’m a little confused about Coin. I hope someone can explain. If ETFs are driving the vast majority of new crypto investments, how does COIN capitalize on that? Wouldn’t most of those ETFs be purchased through traditional brokers? In addition, I understand that BTC will be traded on CME, taking the majority of institutional Coinbase users. Finally, is it possible to use a cold wallet as collateral or leverage for any other investment? If not, I’m really missing the need to buy through BTC.
Either I am missing something or the market is. I’m not much into crypto. So, it could definitely be me, but I don’t see the use case expanding here. I see it shrinking.
There are over 11,000 crypto "assets." Just two of those are - Bitcoin and Ethereum - are seeing mainstream adoption from institutions so far. COIN's revenues point to institutional fees on crypto transactions which could relate to ETFs. Not sure. At any rate, Coinbase seems likely to be a dominant player in whatever crypto turns out to be.
@@Nanalyze Fair point. There are lots of cryptos to choose from. I really wasn’t considering anything other than BTC - and to some extent ETH. I am certainly different from a lot of investors, but I like the ability to move my money directly from a BTC ETF to AAPL, let’s say. Then back. I can’t do that if I’m holding BTC in a cold wallet, a COIN account or a bank account, for that matter. In fact, I can’t do it seamlessly, without delay, if my money is anywhere other than my traditional broker.
I’m obviously not a Crypto HODL’er. I put no more than a toe in, but I was using COIN as a sort of proxy for BTC for a while. That worked well, but now I’m out, because I feel like COIN’s use case is slipping.
I guess I should just move on to the next opportunity, regardless. I did well. Maybe I’ll miss an epic run, but I can’t complain about the return I did capture and I just don’t have the conviction that is required to hold anymore.
@@iangantner6976 The amount of gung ho YOLO FOMO lemmings that lost their asses on this stuff is truly astronomical. You haven't missed out on much.
This channel is a hidden gem 💎 subscribed! 😎🫡
That's what we like to hear, thank you!
I would not buy and hold COIN or bitcoin but trade it instead. coin is harder to trade than bitcoin due to spread/atr
Trading eventually leads to the poor house for most.