Coinbase Global, Inc. (COIN) Message Board

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Technology Stocks : Coinbase Global, Inc. (COIN)

COIN 357.88

+8.9%

11:59 AM EDT

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To: The Ox who wrote (33)	5/5/2021 11:27:17 AM
From: Glenn Petersen	of 87

FWIW, I think that COIN will continue its downward drift for a while, though I am bullish on their long term prospects, I would love the opportunity to pick it up at $160. There situation is a bit different from FB. Unlike Facebook, which was already the dominant social media website when it went public, COIN faces a lot of competition. The sketchy exchanges don't bother me. As crypto becomes more acceptable, more of the business will drift to the exchanges that are viewed as more secure, which will benefit COIN. Their problem right now seems to be that they are viewed as the high cost provider. At some point they may have to adjust their business model While most of the cryptos are on fire this morning, COIN is down. This news may be the reason: Blockchain and Cryptocurrencies Message Board - Msg: 33309508 (siliconinvestor.com)

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