Posted on 04/14/2021 6:32:20 AM PDT by Enlightened1
Brian Armstrong is poised to become one of the richest people in the world after Coinbase Global Inc. goes public Wednesday.
Coinbase, co-founded by Mr. Armstrong in 2012, runs the largest bitcoin exchange in the U.S. and is set to become the first major cryptocurrency-focused company to go public in the country. It is expected to fetch a valuation of between $65 billion and $100 billion, which could make Mr. Armstrong’s 20% stake worth up to $20 billion.
That would put the 38-year-old chief executive among the 100 wealthiest people in the world, based on Forbes’ most recent billionaires list.
(Excerpt) Read more at wsj.com ...
Bloomberg said the reference starting price is $250. I’m reading buy offers are anywhere from $300 to $1000 for the initial sales.
$600 per share means Coinbase will be worth more than Microsoft.
I hope all this works out. Crypto currency is being set up for the next phony wealth vaporization that will save us from the inflation of this printing-press stimulus.
Go Crypto!
That’s what I heard to 2 days ago.
That would put Coinbase with close to a 200 Billion Market Cap.
That’s where all the inflation has been hiding with all the bailouts since 2008.
All the gold people were wondering why gold and silver markets were not going up, but crypto was sky rocketing.
If gold and silver went up, then that would have been the canary in the coal mine.
Cryptos get their wealth from the computer protocol.
Dollars have been nothing but promissory notes since Nixon took us off the gold standard in 1971.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum... blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride. NOTE: Crypto has been on the move this week.
Dollars have been nothing but promissory notes since Nixon took us off the gold standard in 1971.
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I prefer the term I.O.U. in place of “promissory note”.
Like all the ones shoved into the gov “trust funds” for social programs.
Haha!
Hey that works for me.
Yes it has been great!
What coins do you hold?
"As the much-anticipated day of Coinbases's direct listing arrives, it is perhaps poetic that the for the first time ever, the market capitalization of the cryptocurrency space has surpassed that of Apple."
I have place roughly 2/3 of our crypto portfolio into BTC and ETH, divide evenly.
With the remaining third, we have established positions in lesser known coins that are built on the Ethereum blockchain. The have been at such (relatively) low prices that it was easy to establish nice positions. They have been going up too.
I bought 54 million of some obscure altcoin a couple of weeks ago. Then we earned a few million more.
Whoever bought Doge at that level is sitting pretty right now.
Bitcoin, Ethereum, XRP, Cardano and Chain Link are my big bags.
Then I have some other coins in various projects. Twenty in all.
I did see that! You can thank Elon Musk. Although I think the Coinbase listing is what is driving the market.
Everyone in the crypto market must be selling to buy Coinbase stock. The market is still looking great. Plus you got to have some pull back. That’s healthy.
https://www.livecoinwatch.com/
Doge is not available to buy on Coinbase. Don’t know why.
It has gone from $0.01 to $0.14
I have been delighted with my third place hodling of Cardono (ADA).
You have a good strategy.
Today is and will be seen retroactively as the biggest day in crypto history/new economy.
That is, until the next big day and none of us even know what that could be......
listing requirements are likely similar (conceptually) to a stock exchange....it’s not really a perfectly open marketplace, but....an exchange which gives some cred to a project listed there
doge seems to be a different animal
Just in time, there's a vacancy.
I guess bitcoin will soon be a $64,0000 dollar question
Listing requirements are a bit opaque at Coinbase (though likely better than the “pay to play” deals that are common for listings on other exchanges), but as a “serious” exchange they’ve been slow to adopt Dogecoin. I expect that to change at some point, they are just missing out on too much in fees by not carrying it.
Studies have shown that getting a listing announcement on Coinbase brings a major pump to most coins, so having this in dogecoins’ future is potentially bullish for it.
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