We'd be in a better spot if Donald were still the President
Mostly agree. But how do you know you are buying anything at a discount right now? A discount to what?
I'm still waiting. Sitting on a lot of cash (which sucks in an inflationary environment).
A discount compared to the recent and future (probably) higher prices…of course. But you know that. Of course nothing’s guaranteed.
I guess sitting on a lot of cash suggests a belief that waiting may likely bring a better bargain…?
Are you not putting anything in now?
I feel bad for anyone who invested with that lady stock picker
Cathie Wood?
We'd be in a better spot if Donald were still the President
crypto bros be like
IMO, Coinbase is uninvestible.
I took a hard look at them due to the stock drop, as it basically prints money in the event of a crypto boom and is basically the house in the casino.
Coinbase has like $10 billion in customer crypto, $6 billion in cash and $3 billion in debt ($1 billion due in 2026, $1B due in 2028 and $1B due in 2031). So it's basically a $10 billion market cap company right now taking cash and debt into the equation. It seems like a zero risk of bankruptcy given their cash horde.
If you want to use the analogy of being the house in the casino, I’d say the risk is that all of their gamblers run out of money and/or decide to play elsewhere (or not at all).
I used to look at online foreign exchange companies and the churn rate was ludicrous. Like 90% of their customers had their accounts go to zero every year. It’s hard (and expensive) to replace those people with new clients.