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.
When we invest on something with the aim of making fiat money then we should not be worried about the accumulation of crypto with the same fiat we made and its just win win for both investor and company. If the currencies are not in the down trend then investors are also at the risk of losing money which is just the same with any investment kinds.