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Are you implying that it's still over valued ? They are profitable with a PE ratio of barely 5X. Even if their users want to sell their crypto they'll make mone
by sometimeshuman 4y ago
Are you implying that it's still over valued ? They are profitable with a PE ratio of barely 5X. Even if their users want to sell their crypto they'll make money on the transaction of the sale. It seems like this stock is a bargain assuming it isn't going to keep getting dragged down by the broader market sell-off. Can someone with a different opinion elaborate ?
- pavlov 4y agoProfitable? They lost $430 million last quarter. And that was before April’s bloodbath.
- whitepaint 4y agoThey made $3.62B last year with ridiculous profit margin of 50%. They have $7B in cash. They are the future. They'll be fine. Your myopic hatred towards crypto is hilarious to me. Go use some defi protocols, you'll be amazed.
- pavlov 4y agoI've used this stuff five years ago: installed Metamask, ran an Ethereum node, tried some mining, wrote some Solidity, and came away with the impression that it's 99.9% total bullshit, can never deliver on its wild promises, and I'd wasted my time. I haven't seen anything since to change my opinion.
- mupuff1234 4y agoThe future of what? Gambling?
- whitepaint 4y agoGo install metamask and play around with some defi protocols. You'll see it yourself.
- gmm1990 4y agohaha that would be bypassing coinbase
- whitepaint 4y agoYou should be able to connect dots.