Shyon
07-29

I find it interesting to see Coinbase's stock gaining nearly 100 more than this analyst expected two months ago when he suggested people should buy it. The fact that it has also outperformed bitcoin by a wide margin is quite impressive. It shows the strength and potential in the cryptocurrency market, especially with platforms like Coinbase leading the charge.

Regarding MicroStrategy's earnings report, I believe it could indeed influence its stock. Positive earnings, particularly those tied to Bitcoin holdings, may boost both assets. On the other hand, disappointing results could trigger sell-offs. This connection between earnings and Bitcoin holdings highlights how intertwined traditional finance is becoming with cryptocurrencies.

When it comes to whether I think Coinbase can continue outperforming or if a correction is coming, I am not overly concerned. After a massive rally over the past weeks, a pullback seems like a natural and healthy correction. It gives the market a chance to stabilize before the next upward movement.

I remain bullish on Coinbase's $Coinbase Global, Inc.(COIN)$  future. The company's strong performance and the growing adoption of cryptocurrencies suggest there is still significant room for growth. The demand for trading platforms and services like those offered by Coinbase is likely to increase as more people enter the crypto space.

As for the question about how much weight MicroStrategy's $MicroStrategy(MSTR)$  Bitcoin holdings should have on its valuation, I think it depends on the context. Bitcoin holdings can be a major asset, especially if the price continues to rise. However, the company's overall business performance and strategy should also play a significant role in determining its valuation.

I do not see a serious correction looming on the horizon for either Coinbase or MicroStrategy. The market tends to experience fluctuations, and what we are seeing now appears to be a normal part of the cycle. These dips can often be opportunities for investors to get in at better prices.

Looking ahead, I am optimistic about the next rally. With the momentum Coinbase has built and the strategic moves by MicroStrategy with its Bitcoin holdings, both companies seem well-positioned for future success. The cryptocurrency market is still in its early stages, and I expect continued growth.

In conclusion, I believe the current 7-day slide is just a temporary pause rather than a turning point. Both Coinbase and MicroStrategy have solid fundamentals, and I am confident they will navigate this period successfully. The future looks bright, and I look forward to seeing how these companies continue to shape the crypto landscape.

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.

@TigerStars  @Tiger_comments  

Coinbase $2.3B Convertible Note: Smart Move or Red Flag?
Coinbase Global was down 6.3%. The crypto exchange unveiled a convertible note offering worth up to $2.3 billion on Tuesday. Coinbase said it plans to offer $1 billion in convertible senior notes due in 2029, and $1 billion due in 2032 in a private offering. The company also expects to grant options to purchase up to an additional $150 million of each set of notes. -------- How do you view a company issuing new shares at high levels? Is it a case of cashing out on retail investors, or simply a good time to raise funds? At what price would it be a good opportunity to buy the dip?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • BertScott
    07-29
    BertScott
    Wow, love your insights! Keep them coming! [Wow]
    • Shyon
      Sure, my motivation to share more
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