Before you have a heart attack, the Coinbase IPO will be good for the industry because it will open more people up to cryptocurrency. However, for the woke cryptocurrency investors, the IPO is a bad investment.
Read my 2-minute article for the full story:
https://forrestvisions.com/blog/coinbase-ipo-is-a-bad-investment-for-crypto-lovers/Two things can happen in the long term:
Decentralized currencies end up dying and go down the toilet.Well then, Coinbase will be hit hard, and you will lose money via the stock price plunging.
or
Decentralized currencies succeed and continue their uptrend.Coinbase’s stock price goes up since they are making more profit via the exchange transaction costs. Decentralized currencies also increase, and you’re left with fiat cash that, in return, could buy less of the crypto that you believe in.
IMO that Coinbase IPO is really bad of the users of Coinbase itself, On the first place, coinbase shouldnt have released that IPO for their investors and even up to this date, it is actually a controversial one because of the big risks that it brings