Sadly coinbase is loosely tied 2 bitcoins performance.
I would say the impact is not that great as it's probably just small investors who gets spooked easily and only the ones who are doing day trades or short-term trading.
This has no effect on long-term bag holders.
The consensus at the moment is the cryptocurrency will probably enter it's winter period early January.
Even if it doesn't there will be a small dip around January in cryptocurrency and I would expect a tangible small dip with coinbase stock.
We might get a 10% dip at it's worse but when the crypto summer ignites again this will be when we see the 500's and the 600's.
Don't get me wrong if you're a long holder this is going to go way past 1000 in a few years.
But since there's a majority of short-term small Traders you'll see a lot of volatility around January.
There is one caveat that if everyone expects this to happen then there may be a chance that it won't.
What I'm interested in is what happens to coinbase when we enter crypto winter.
I have this sneaking suspicion that it might be a hedge against crypto.
I also know that quite often the opposite of what everyone thinks will happen will manifest.
Either way I would see coin going to above the 1000 in the next 3 to 5 years
Anyway
Happy tradimg
I would say the impact is not that great as it's probably just small investors who gets spooked easily and only the ones who are doing day trades or short-term trading.
This has no effect on long-term bag holders.
The consensus at the moment is the cryptocurrency will probably enter it's winter period early January.
Even if it doesn't there will be a small dip around January in cryptocurrency and I would expect a tangible small dip with coinbase stock.
We might get a 10% dip at it's worse but when the crypto summer ignites again this will be when we see the 500's and the 600's.
Don't get me wrong if you're a long holder this is going to go way past 1000 in a few years.
But since there's a majority of short-term small Traders you'll see a lot of volatility around January.
There is one caveat that if everyone expects this to happen then there may be a chance that it won't.
What I'm interested in is what happens to coinbase when we enter crypto winter.
I have this sneaking suspicion that it might be a hedge against crypto.
I also know that quite often the opposite of what everyone thinks will happen will manifest.
Either way I would see coin going to above the 1000 in the next 3 to 5 years
Anyway
Happy tradimg