'Buy' when there's not even a price yet?
Does anyone know anyone who has seen this initiation report & can share? I hope it's more than just "big words + Amazon name drop = buy stock"pic.twitter.com/3LRtztp4tD
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There's a futures market with a little depth on ftx (another crypto exchange). $102bn right now.
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Sell-side will keep pumping shit. Why bother listening?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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HnS, are you thinking about shorting this thing? I think this year is gonna be huge for them and then go downhill, fees are too hi and should get competed down. I'd buy FTT token (gets 1/3 of FTX revs plus trading discounts, priced $11bn fully diluted) before coinbase personally.
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I'm pretty torn tbh. The valuation is wild but the potential range of outcomes is equally wild. I'm not buying on day 1 but if shares tank post-insider lockups I'll consider buying. The combo of vertical integration + parabolic BTC keep me interested.
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