i dont think this is going to have the impact you think, seems to only be increased for those who earn over $1million.

is this $1mill in capital gains or is their capital gains increased if their overall income is >1million?

Crypto volatility means higher transaction volume, not lower which will lead to more fees collected on COIN.

I personally have been staying on the sidelines the last few weeks in crypto since I sold between 55-60 but I have put like 3 limit buy orders on Coinbase pro for BTC and other coins.

IMO I think COIN is at a good buy price now sub 300 for next earnings. People are falsely correlating BTC/crypto prices and COIN revenue in my opinion. The real correlation i think is crypto adoption and revenue, btc & other crypto prices went up because people were piling in for the last couple of months, a price drop doesn't necessarily mean all of these new investors/traders are leaving.

This post was edited by ofthevoid on Apr 23 2021 08:41am

i bought coin but now am second guessing their model - its highly dependent on crypto activity, which, is 24/7, however, somebody will end up coming in and making a cheaper option at some point?

do you think there is some hesitancy as crypto is supposed to avoid the "fees, regulation, beaurocracy" etc. and coinbase charging fees for this. can it last?

Their model is vulnerable but they have at least a few quarters to address it. But I feel this recent pullback has more to do with crypto pulling back in general.

But I just think the pullback in crypto is actually healthy to bring fresh blood into the game. People are panic selling, people are buying on the pullback because they see opportunity or value now. This all leads to more transactions rather than just BTC being frozen at 55-60.

good point, i beleive that they will have that first mover advantage, however, as you said, i think investors looking more at what they are going to do to diversify their revenue stream.

i bought in early @ 325, only put in a couple grand, will see how it goes.

Agreeed

Wasn’t expecting todays movements, guess people still in buy the dip mode.

Decided to go full thetagang and sell 45 DTE options at 0.3 delta.

I'm told its easy and low-stress and avoids gamma, so I'll give it a shot.

Added to my TSLA position prior to earnings... expecting huge beat.

Also heard Amazon is considering a stock split.

we got the beat

but we didn’t get paid$$