Skip to main content

Coinbase stock forecast 2025: Negative for two consecutive days

 

Coinbase

For investors in the currency circle, these two days are destined to be an uneasy day. First, the Republic of El Salvador officially regarded Bitcoin as a legal currency for trading, and then Bitcoin experienced a wave of flash crashes. The price once plummeted from $52,800 by 19% to $42,900. Finally, the Bitcoin exchange Coinbase was negative for two consecutive days.


 Let me talk about the fact that El Salvador uses Bitcoin as a legal currency. To attract more foreign investment and provide lower-cost financial and foreign exchange services, the Salvadoran government-approved Bitcoin as a legal currency as early as June this year and decided to officially implement this currency on September 7, which is yesterday. policy. The government plans to distribute $30 worth of bitcoin to residents who have registered for e-wallets, with a total investment of up to 75 million U.S. dollars. But yesterday’s implementation results showed that the start of this plan was not smooth. In addition to the e-wallet app that did not appear in the major app stores in time, many residents of El Salvador encountered difficulties when registering. To


 However, implementing the above is not the only problem encountered by Bitcoin as a legal currency. Yesterday, after the New Deal in El Salvador, Bitcoin set its biggest decline in nearly two months. In this regard, the chief market analyst of brokerage AvaTrade believes that this is the performance of Buy the rumor, sell the news. He said that since July, the price of Bitcoin has recovered 70%. It shows that the Bitcoin market has already priced in the good news "as a legal currency". Therefore, when the policy really starts, that is, when the good news bonus is used up. Therefore, he believes that this decline is just a healthy market correction. The founder of Fairlead Strategies believes that Bitcoin's trend is more of a technical issue. She believes that at present, this degree of decline can be regarded as a slight correction because the closing price of Bitcoin has not fallen to the 50-day moving average of $44,000, and most digital currencies have strong technical aspects. Reserve price support level. To


 Under yesterday's sharp volatility, the business of Bitcoin exchange Coinbase was also affected, causing its stock price to fall by 4.17% yesterday. Coinbase said on Twitter that some of the orders could not be sent out yesterday morning, but it has been resolved this afternoon. The difficulty of this transaction caused dissatisfaction among many users. They sarcastically said on the company's Twitter: "Interestingly, every time the price drops, the transaction goes wrong." However, a wave of unrest has occurred again, and Coinbase received a warning from the SEC today and has been on the hot page of financial news for two consecutive days. Coinbase said last night that the SEC warned them that they would be prosecuted if they continue to promote the lending of digital currencies and collect interest from them. To this end, the company announced that it will postpone the feature launch date by ten days. Affected by this news, Coinbase's share price fell again today, once fell 4.5% during the session, but then the share price rose slightly, and finally closed with a 3.2% drop. To


 Although I don't know what the mood of the officials in the currency circle is, seeing this series of news is like a roller coaster, one after another, just like the price of Bitcoin. Regarding Bitcoin being used as the legal currency of El Salvador, I think the impact on the market is very limited. The main reason is that El Salvador’s economy is very small and has little influence on the development of Bitcoin, which is far less terrifying than a policy of the United States or China. At present, it seems that these influential countries still have a negative attitude towards Bitcoin, so Bitcoin will experience regulatory risks for a long time in the future. To


 As for Coinbase, I would also like to express my views on this matter. First of all, I am not too worried about regulatory pressure, because, from the company's handling of similar issues in the past, Coinbase has a high probability of successfully surviving the catastrophe. As for Coinbase, its profit model is more stable than the digital currency itself, and it can also benefit from the long-term trend of digital currency. If you want to deploy a digital currency, but don't want to bear excessive volatility, Coinbase will be an excellent alternative to digital currency.

Labels:

Comments

Post a Comment

Popular posts from this blog

How to judge the market entry signal?

buy sell Most people lose money when investing in stocks. One of the biggest reasons is that they buy stocks at the wrong time. Why did they buy the stock at the wrong time? Facts have proved that many people do not know that stocks only rise 1/4 times, and that is the easiest time to make money. And in another 3/4 of the time, making money is difficult, and losing money is easier.  Today, I will share how to choose the right time to buy stocks. I hope you can see the final result because, in the end, I will share with you how to use simple technical indicators to help us find the exact input time. First of all, everyone must know a concept, whether it is a stock market or a stock, there are four stages. Let us take the stock market as an example. The first stage is called the "next stage".  At this time, the market has just experienced a sharp decline, and most investors in the market are not interested in the stock market, because their memories are still stuck in t...
Post a Comment
Read more

What is a spac stock in the Investment market?

Let me talk about SPAC first.  SPAC (Special Purpose Acquisition Company) means "Special Purpose Acquisition Company", also known as "Blank Check" or "Shell Company".  As the name suggests, this company has no actual business, and its essence is a financial innovation tool that provides companies with listing services.  More simply, SPAC is a shell resource company established by professional institutions such as investment banks and fund companies as promoters.  The sole purpose of this company's listing is to find the target company, through reverse mergers and acquisitions, to achieve the target company's listing and financing.  Most people pay attention to SPAC from 2020, but in fact, SPAC is nothing new.  The SPAC structure was first born in the 1990s and was pioneered by David Nabers, who worked for the Wall Street investment bank GKN.  However, in the past few decades, compared with traditional IPOs, the number of SPACs is very limited, and ...
Post a Comment
Read more

How to judge the diffusive horn pattern ?

As an investment trader, you must understand the use of chart technology analysis to determine the position of market transactions. Now let's talk about a common pattern in chart technical analysis, which is the diffuse speaker pattern. Diffusion horn patterns are different from trend patterns and horizontal patterns.  Diffusion horn patterns are more difficult to judge than trend patterns and horizontal patterns, and often cause losses to investment traders. So, how do investment traders judge the spreading horn pattern and make favorable investment transactions? S&P500 Index The price trend of the diffusive horn pattern.  When the price rises over some time, then the price falls, and falls below the recent low, then rises, and rises through the last high. It keeps expanding in two directions. If we connect the high point and the low point with straight lines, respectively, we can show a horn shape, so it is called a diffuse horn shape.  Because of this, some i...
Post a Comment
Read more

ASML stock forecast 2025: is it time to buy now?

Hello everyone, recently, because the market has a lot of fears about rising interest rates and shrinking the balance sheet, the Nasdaq as a whole has fallen a lot, and each support has basically been broken one after another. The general price has also broken, so there is no good signal to increase positions in the short term. It may be safer to hold cash first and wait until the decline begins to slow down a little or see a really cost-effective price before considering adding positions. However, the long-term bull market in the future will not end because of this year's interest rate hike, and cash will only become more and more worthless in the long run. In the short-term continuous decline of the stock market, we must put our minds in a positive state. At the same time, we must properly organize our thoughts and positions, prepare bullets, and use this time to do our homework for the stocks we are interested in. In this way, when a good price appears in the future, you will be...
Post a Comment
Read more