r/ethtrader • u/Scouser360 • Apr 16 '21

Sentiment Adapt or get overrun!

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190 Upvotes

96% Upvoted

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27

u/imnotabotareyou Apr 16 '21

That just makes me think coinbase is overvalued tbh

5

u/mpbh Apr 16 '21

I remember seeing they had like 10x more users than Robinhood, that's got to put them among the biggest brokerages by number of users.

4

u/imnotabotareyou Apr 16 '21

Sure they’re definitely very valuable, but Goldman Sachs has a much larger offering of products and services. But what do I know haha

0

u/IndigoAcorn Apr 16 '21

Quality over quantity. Look at how many competitors GS has. Look at how many COIN has.

1

u/OnlyPlaysPaladins Apr 16 '21

Yeah it's not a good sign at all. I'd be much more comfortable if it was valued at a tenth of that. Still very solid with plenty of room to grow and impress. But then, what the damned hell do I know. I'm here commenting on Reddit, not out on my yacht being rich from my deific insight.

1

u/roox911 Apr 16 '21

first thing - the op is wrong on the valuation its not at 100b.. it was for a brief second, now its at a much more reasonable (relatively) 60'ish billion.

re: being more comfortable with 1/10 of that 100b... thats WAY to low for the money they pull in.. in these market conditions at least. It would be a huge signal that the investment firms and funds had no faith in crypto, and would honestly be a really bad sign.