Are any of you planning on investing in the COIN stock on the market?

Asked 4 years ago

Are any of you planning on investing in Global Coinbase? What price are you happy to get in? Do you think of it as an investor or trader? Looking forward to some opinions.

Stock of global coinbase (coin)Opinions on specific stocks

Andrew Moran

Monday, June 28, 2021

While it is still below its IPO price, Coinbase stock is still a bit too expensive ($246 as of June 28).
The cryptocurrency market is extremely volatile right now. The United Kingdom banned recently banned the Binance crypto exchange. China keeps cracking down on the sector. Who knows what is happening with central bank digital currencies?
If Coinbase shares fell to a range of $150 to $190, then perhaps that would be a good time to enter.
For now, it is too expensive for what is unfolding in the global economy's response to crypto.
That said, this is a long-term position to hold because cryptocurrency is here to stay.