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"during a gold rush, sell shovels" Crypto tokens have no fundamental value, but as long as people are interested in it, Coinbase has fundamental value offering
by _yb2s 4y ago
"during a gold rush, sell shovels"
Crypto tokens have no fundamental value, but as long as people are interested in it, Coinbase has fundamental value offering a service to get money in and out without the apparent BS and scams. It crashed hard- I think coinbase is actually a good investment right now, a solid business with underpriced stock.
Edit: HOOD is probably a good buy too for the same reasons.
- robertlagrant 4y agoYou should probably say whether or not you'd benefit from other people buying into those.
- gitfan86 4y agoCOIN and HOOD both have an opportunity to make major changes and become profitable businesses. But just looking at their cash/debt/stock comp/revenue growth/expenses, it doesn't look great.
- lupire 4y agoHow much sustained interesting is needed to payback the investment? Selling Beanie Babies also has fundamental value.
- zzbzq 4y agoI see what you're saying, but I remember reading on here months ago that Coinbase's debt was unimaginably huge. Doesn't matter if they have a good business selling shovels if they can't dig themselves out of the impossibly deep hole they're in.