Coinbase - After rain comes the sun, right?!
As is well known, after the rain comes the sun. Hopefully this will also be the case for Coinbase soon.
Positive:
- The MACD will soon give a signal for a long entry
- The falling bearish momentemtum
- The most important signal for me: the Co CEO acquires shares for $75 million. He is averaging about $67 from May 17, 2022. I don't think he has that much money to give away. Accordingly, I interpret this as a big vote of confidence.
Earnings in recent quarters:
06/2021 ~$5 billion
09/2021 ~$6 billion
12/2021 ~$7 billion
03/2022 ~$6 billion
Monthly fixed costs:
~$750,000
--> Insolvency? Haha, good one.
Coinbase will easily make it through this year on profits alone.
Also, they are currently terminating about 20% of employees and reducing monthly fixed costs.
The media is not playing into Coinbase's hands, with the sale of user data only because of illegal activity. This is not a problem for me personally, because I am not involved in any illegality.
Only criminals cry privacy in this.
No investment advice. Just my 2 cents.
Positive:
- The MACD will soon give a signal for a long entry
- The falling bearish momentemtum
- The most important signal for me: the Co CEO acquires shares for $75 million. He is averaging about $67 from May 17, 2022. I don't think he has that much money to give away. Accordingly, I interpret this as a big vote of confidence.
Earnings in recent quarters:
06/2021 ~$5 billion
09/2021 ~$6 billion
12/2021 ~$7 billion
03/2022 ~$6 billion
Monthly fixed costs:
~$750,000
--> Insolvency? Haha, good one.
Coinbase will easily make it through this year on profits alone.
Also, they are currently terminating about 20% of employees and reducing monthly fixed costs.
The media is not playing into Coinbase's hands, with the sale of user data only because of illegal activity. This is not a problem for me personally, because I am not involved in any illegality.
Only criminals cry privacy in this.
No investment advice. Just my 2 cents.
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