The listing of Coinbase is good, you have to seize the gains today and tomorrow
Just tomorrow, that is, on Wednesday, Coinbase ushered in the listing. You must know that it is currently the largest cryptocurrency exchange in the United States. It is not only the trading platform with the largest number of people in the United States, but also an exchange that is legal and compliant in the United States. Then, as a benchmark in the industry, it will be listed on Nasdaq tomorrow by direct listing, because Coinbase is not short of money, so it does not need to raise funds.
Its listing event is actually the same as the listing of mining machine companies in the previous two years, and it is a milestone event in the currency circle. At the same time, it is also a new starting point, and encrypted assets are being integrated into the traditional capital market at an unprecedented speed. Chen Xin also believes that under the game of various regulatory agencies and user needs, encrypted currency assets have entered the era of compliance.
Just in the first quarter, Coinbase’s revenue reached US$1.8 billion, of which net profit was US$800 million. Registered users have reached 56 million, so if it continues to make profits like this, it is really a very good company. But Bitcoin is still in such a period, because Bitcoin has a cycle. All currencies including the existing encryption market have a cycle, so it depends on whether Coinbase can continue to maintain such income in the next quarter.
Of course, what everyone is most concerned about is the impact its listing will have on the market. First of all, what Chen Xin wants to say is that it will have absolutely no impact on Bitcoin. Because its listing has undoubtedly opened up the capital industry and the encrypted digital currency industry is very important.
And to a certain extent, the cryptocurrency industry has come to the stage of traditional finance, and Bitcoin is the king of cryptocurrency, occupying 50% of the entire encryption or currency market. Therefore, Chen Xin believes that Bitcoin must have benefited from this news, so this is undoubtedly good for the mainstream currency market.
Judging from the current news and the market trend, friends who want to short in the past two days need to wait patiently. Because there will still be a wave of market slump after the crazy rise, so now wait for this wave of long orders to rise before you can make short profits. So tonight's market trend is still bullish, especially the rise of mainstream currencies.
Many people don't understand why the listing of Coinbase will affect the ups and downs of the market. In fact, it is very simple. Finance is an expectation for the future. Including the current bitcoin price is actually an expectation of the future, just like Tesla's market value of more than 600 billion US dollars is also optimistic about its future. So Bitcoin is no exception, in fact, they are all optimistic about its future.
The goal of many people is to put the value of Bitcoin at $100,000 or $300,000. Although it cannot be achieved now, these people firmly believe that it can be achieved in the future; so this is an expectation for the future. The current total market capitalization of the entire cryptocurrency market is more than 2 trillion US dollars, so after tomorrow's listing, the cryptocurrency market will get more capital attention, especially Bitcoin.
Later, after the listing of Coinbase, these capitals will be attracted to enter the market to contribute to cryptocurrencies such as Bitcoin and Ethereum, which will push up the prices of most mainstream currencies. Then it will cause the total market value of encryption or currency to rise again. In addition, its listing will also make those coins with Coinbase investment concepts have a very good increase; Just wait for the market in the US market.
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The content of this article is exclusively planned and released by senior trader Chen Xin (Public Account: Trader Chen Xin). If you want to know more about real-time investment strategies, solutions, tactics, trading techniques, operating skills and K-line, you can add Chen Xin to learn comminicate.
Why do you always get it wrong when the big market comes, and you are always taught the painful lesson of deep losses. Chen Xin can tell you very responsibly, if you have not yet concluded your continuous losses, you should withdraw from this market as soon as possible, and don’t take your hard-earned money seriously. A process of learning participation and the result of long-term stable profit in the later period. Once a loss occurs, it is necessary to sum up the reasons in a timely manner and let the lost funds generate its value. I think that every time you make a transaction, enter the market with reason and evidence, and strictly abide by the rules of this market. Under the guidance of the company, it is easy to achieve the goal of long-term steady profit. Compared to giving charcoal in a timely manner, I prefer to add flowers to the cake. If you only think of me when you need it, what's the point. If you are not here on the Long March, you are not worthy of the bonfire party. The investment philosophy that Chen Xin has always advocated is: We are investing, not speculating. If you want to invest with a gambling mentality, then I suggest you exit this market as soon as possible, because luck does not always favor you! There is a saying in life that is very suitable, grasp the present moment, you will be wonderful! Profession achieves quality, and strength creates reputation. The financial field is broad and profound, and the market is constantly experiencing ups and downs every day. All I can do is to use my years of research experience to help everyone.
The content of this article is exclusively planned and released by senior trader Chen Xin (Public Account: Trader Chen Xin). If you want to know more about real-time investment strategies, solutions, tactics, trading techniques, operating skills and K-line, you can add Chen Xin to learn comminicate.
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