Is anyone else starting to become a bit excited?

Bob24 · 13-04-2021 11:03PM

stockshares wrote: »

Coinbase IPO launch tomorrow.

And just to clarify, while it is labelled an IPO everywhere - it technically isn’t one.

With an IPO, new investors are offered to pre-purchase *new* shares at a set price before they get listed (i.e. new capital is being raised).

Whereas here Coinbase are actually publicly listing *existing* shares which belong to private equity investors (i.e. there is no new capital being raised).

Mellor · 13-04-2021 11:15PM

Bob24 wrote: »

Whereas here Coinbase are actually publicly listing *existing* shares which belong to private equity investors (i.e. there is no new capital being raised).

So it’s simply a direct listing.

Bob24 · 13-04-2021 11:16PM

Mellor wrote: »

So it’s simply a direct listing.

Correct.

Mellor · 13-04-2021 11:34PM

Bob24 wrote: »

Correct.

It will still probably pump on listing. $250 is the mark apparently

Scuid Mhór · 13-04-2021 11:55PM

Mellor wrote: »

It will still probably pump on listing. $250 is the mark apparently

So should we put orders in for it before the market opens?

14-04-2021 06:27AM

cnocbui wrote: »

So why not just click the unfollow button?

That's what I was thinking. The threads disappear from your list then.

That's the actual purpose of that functionality.

14-04-2021 06:32AM

BTC heading for 65k.
ETH heading for 2.5k

Bob24 · 14-04-2021 08:25AM

Mellor wrote: »

It will still probably pump on listing. $250 is the mark apparently

Very possible yes, we shall see.

With an actual IPO I was concerned that it would divert capital away from Bitcoin and other cryptos (I.e. many potential Coinbase shareholders are people and institutions which might have deployed their capital in BTC/cryptos otherwise).

But since here the listing is actually a zero sum game for investors as a whole, I am not sure anymore ...

Bob24 · 14-04-2021 08:32AM

Scuid Mhór wrote: »

So should we put orders in for it before the market opens?

I stand to be corrected, but I think the way it works for a direct listing is that during the first hour 10 minutes you can place buy orders but they won’t be filled (and at the same time former private equity holders whose shares are now public can place their sell orders). This is to give time for an order book to be populated and a market price to be determined based one where offer meets demand).

But in a way this is completely blind trading for everyone as while $250 is given as a guideline, the number whereby offer meets demand could be widely different (in either direction).

I think it might potentially be even more volatile than an IPO, as in the case of an IPO at leat there is an opportunity to buy shares at a set price just before the listing, which kind of gives an idea of what investors are willing or pay.

BrandonBay86 · 14-04-2021 08:34AM

$64,500.

Exciting day ahead. Is the direct listing at market open ?

Bob24 · 14-04-2021 08:43AM

BrandonBay86 wrote: »

$64,500.

Exciting day ahead. Is the direct listing at market open ?

I can see the stock listed with my broker already. But it seems like while you can place orders before, it will only start trading 10 minutes after markets open: https://www.coindesk.com/coinbase-ipo-not-ipo-direct-listing

(Correcting my previous post whereby I mistakenly said 1 hour)

jimmii · 14-04-2021 08:49AM

Mellor wrote: »

It will still probably pump on listing. $250 is the mark apparently

I think if it starts at 250 it definitely will. Wouldn't be surprised if its 350 and possibly even 400 at some point in the day its seemingly traded as high as 375 in the last year.

jimmii · 14-04-2021 08:55AM

It's interesting seeing the numbers coinbase have put out ahead of the listing their 2021 numbers have been insane you would have thought they would have got more of a bump during the first lockdown but guess it took the general public a little while to find and was only when btc hit 20 and started to getting a lot more press again that people started to read about it. Be interesting to see the user numbers in 6 months time you would think a lot of people who, have in the past have been put off, are now encouraged by the listing, and trust that brings, to jump in.

antimatterx · 14-04-2021 12:27PM

I'm finally exposed to some Crypto. Feels good.

What apps do people use to keep track of there portfolio and gains? It's grand when your money is sitting on the exchange, but what about hard wallets.

cnocbui · 14-04-2021 12:40PM

antimatterx wrote: »

I'm finally exposed to some Crypto. Feels good.

What apps do people use to keep track of there portfolio and gains? It's grand when your money is sitting on the exchange, but what about hard wallets.

CoinMarketCap on android and manually via an investment spreadsheet on a computer. Hardwallets are unnecessary, IMO.

TheMilkyPirate · 14-04-2021 01:00PM

antimatterx wrote: »

I'm finally exposed to some Crypto. Feels good.

What apps do people use to keep track of there portfolio and gains? It's grand when your money is sitting on the exchange, but what about hard wallets.

CoinGecko

borderfox11 · 14-04-2021 02:33PM

antimatterx wrote: »

I'm finally exposed to some Crypto. Feels good.

What apps do people use to keep track of there portfolio and gains? It's grand when your money is sitting on the exchange, but what about hard wallets.

Delta (free version)

BizWiz66 · 14-04-2021 03:47PM

cnocbui wrote: »

Can you send BTC to an external wallet?

No I couldn't, but I received an answer from Binance support. My account is not frozen, but the funds cannot be withdrawn until all 70 confirmations of a previous transaction are completed (after 3 days the transaction was at only 27 confirmations). Transaction was in BTG and I selected the wrong fee (too low!), so now I need to wait. I sent out more BTG to Bitfinex with a higher transaction fee and it processed within a day. Just want to get rid of these BTGs, made great short-term gain but they are too slow to liquidate and I don't like that.
I am also selling XRPs these days sending them from my Ledger wallet to Crypto.com and the transaction there is super-fast, so it's just BTG very slow.

cnocbui · 14-04-2021 05:08PM

Dogecoin - wtf? Up 55% in 24hrs. :rolleyes:

Bob24 · 14-04-2021 05:21PM

Coinbase said to be opening at $364.

Umaro · 14-04-2021 05:42PM

antimatterx wrote: »

I'm finally exposed to some Crypto. Feels good.

What apps do people use to keep track of there portfolio and gains? It's grand when your money is sitting on the exchange, but what about hard wallets.

I use the Yahoo Finance app, as you can see your crypto and shares in 1 view

jimmii · 14-04-2021 06:41PM

Bob24 wrote: »

Coinbase said to be opening at $364.

I think that's fair enough. Everyone got a bit excited by the 250 guidance it always seemed a bit of optimistic. At that price I think it's one to pick up with the plan to sell at 390-420 in the next month or hodl assuming you don't see a crypto downturn anytime soon. If anything I think the listing is going to give it a nice bump in users.

mdmix · 14-04-2021 06:52PM

There is a pretty legit looking Celsius scam email doing the rounds at the moment. Looks exaclty like all their other marketing, just a heads up

https://twitter.com/CelsiusNetwork/status/1382371671789563908?s=20

cnocbui · 14-04-2021 06:53PM

Coinbase opened at $381 - valuing it at $99.6 billion.

BrandonBay86 · 14-04-2021 07:01PM

cnocbui wrote: »

Coinbase opened at $381 - valuing it at $99.6 billion.

Hit $420 within minutes.

Niceee.

jimmii · 14-04-2021 07:17PM

It's making crypto prices look stable right now lol!

Stop touching yourself · 14-04-2021 08:25PM

I have a question about using a UK bank account to pay far less capital gains tax- does anyone here avail of this?

I have a national insurance number for the UK, but I don't have a bank account. Could I just set up a bank account in the UK (when travel reopens) and create an etoro account from that bank account?

Or am I missing something?

cnocbui · 14-04-2021 08:30PM

Stop touching yourself wrote: »

I have a question about using a UK bank account to pay far less capital gains tax- does anyone here avail of this?

I have a national insurance number for the UK, but I don't have a bank account. Could I just set up a bank account in the UK (when travel reopens) and create an etoro account from that bank account?

Or am I missing something?

Yes, you are missing that it doesn't matter where your account is. If you are tax resident in Ireland you are subject to 33% CGT, no matter where you transact business or have an account.

There is only one legal and legitimate way to avoid or lower CGT that I have been able to identify, and that is to emigrate pretty much permanently, or at least for 3 years before disposing of an asset.

Timmaay · 14-04-2021 09:59PM

Anyone else not able to log onto their waves.exchange account the last day or so?

jimmii · 14-04-2021 10:21PM

Link topped 40 briefly there. Was there some news that gave it a little jump in the last hour or so or just random?

Is anyone else starting to become a bit excited?

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