Coinbase stock lost over 75% value

Re:Coinbase stock lost over 75% value by donatj on Monday May 09, 2022 @11:46PM (#31323222)

Gods I know. Basically everything I invested in in my spare time day trading during the pandemic is down to an insane degree. My entire portfolio is in the red except Tesla, AMC and Nvidia. Shits getting real depressing.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by weatherlite on Monday May 09, 2022 @11:59PM (#31323297)

Everyone is losing now almost regardless of asset class. You could argue house prices haven't fallen yet ... let's wait and see this isn't over yet.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by mym1990 on Tuesday May 10, 2022 @12:55AM (#31323601)

Seeing more and more price cuts and higher inventory in Denver. Still not even close to consider shopping, but an interesting observation.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by baskethead on Tuesday May 10, 2022 @02:55AM (#31324292)

I'm up 40% since Jan 1 2022. I've been short the markets and shorted AMZN since November 2021. I've made roughly $100k on it and just closed my position today.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by weatherlite on Tuesday May 10, 2022 @03:08AM (#31324376)

Good for you...the medal's on its way

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by baskethead on Wednesday May 11, 2022 @12:25PM (#31342173)

I don't need a medal, the money I earned is good enough.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by weatherlite on Wednesday May 11, 2022 @12:32PM (#31342280)

The president is insisting.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by throwaway_1928 on Tuesday May 10, 2022 @03:18AM (#31324438)

well done.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by lupire on Monday May 09, 2022 @11:48PM (#31323229)

Day trading is not investing.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by donatj on Monday May 09, 2022 @11:54PM (#31323263)

By what measure? I move money around trying to grow it. That's investing.

> expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property

None of that says "long term"

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by mym1990 on Tuesday May 10, 2022 @12:54AM (#31323592)

According to the SEC, day trading is not itself a form of investment due to the lack of fundamental analysis, a lack of long term thinking, a bigger focus on price movements and a more technical approach.

But of course, by a number of other definitions, it is. It really just depends on what yours or someone else's frame of reference is.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by ngokevin on Monday May 09, 2022 @11:57PM (#31323284)

Comment sets itself up for a reply about casinos.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by donatj on Tuesday May 10, 2022 @12:01AM (#31323307)

Insert obligatory "at the rate I'm going" joke here.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by sooheon on Tuesday May 10, 2022 @12:04AM (#31323328)

Beanie babies are investing. Poor investing is still investing.

[ Parent | on HN ]

Re:Coinbase stock lost over 75% value by original_idea on Monday May 09, 2022 @11:56PM (#31323273)

"hacking is not cracking"....

if you're going to be pedantic, at least add something to the conversation.

[ Parent | on HN ]